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The latest Rockland Daily Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into the US and global markets.

Entrance to Green Hills Adult Care and Assisted Living Facility
Rockland County Business

Haverstraw Sues Green Hills Assisted Living Over Alleged Negligence and Public Nuisance

Mathew Alverez -
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Pickleball is an exciting
News

The Rise of Indoor Pickleball: How Dill Dinkers is Expanding in Rockland, Westchester, and Bergen Counties

John Houghton -
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NYSE exchange data
Stock Market

Jan 15, 2021 Stock Market Recap

Anna Kim -
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NYSE exchange data
National Business news

Stock Market Preview December 30, 2020

Anna Kim -
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According to the Federal Reserve Bank of Dallas President Robert Kaplan. He thinks there's potential for gross-domestic-product growth of roughly 17% in the third and fourth quarters of this year. He made these comments while conducting a phone interview with news service Reuters. The regional central bank chief said a lot of the rebound is riding on increasing testing for COVID-19. He believes that by identifying and isolating infected individuals, it will allow for more people in this country to resume their "normal" routines. He also believes the testing process would cost far less than the vast resources that have been committed to the current rescue of the financial system and the economy. Already, the government has invested roughly $6.6 trillion with talk of spending at least another $3 trillion on rescue plans. Kaplan feels that increased testing would provide the impetus for explosive growth in the second half of 2020. He anticipates the unemployment rate will exceed 20% in the second quarter. But he believes there's potential it could fall back to 10% by year's end and 7% by the end of 2021. This is similar to recent commentary from Fed Chairman Jerome Powell and St. Louis President James Bullard. Both believe the domestic economy has seen the worst of this downturn. They also think it's already rebounding. They also expect the rate of growth to accelerate in the second half of this year.
National Business news

Worst Economic Downturn May Already Be Behind Us.

Anna Kim -
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at-home exercise bike demand is booming amid the pandemic
National Business news

Peloton Stock Pedals Higher on strong Bike Demand

Anna Kim -
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PayPal Shares Soar on Record User Growth
National Business news

PayPal Shares Soar on Record User Growth

Anna Kim -
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Uber Shares Jump on Surprise Ride Growth
National Business news

Uber Shares Jump on Surprise Ride Growth

Anna Kim -
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Hertz Arranges for potential bankruptcy
National Business news

Hertz Arranges for a Potential Bankruptcy

Anna Kim -
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Harley-Davidson Show Room in Nanuet Shuts Down
Featured

Harley-Davidson in Nanuet Shuts Down.

Anna Kim -
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