Market Snapshot: Why the Fed’s focus on those hardest-hit by pandemic matters for markets
Market Snapshot: Why the Fed’s focus on those hardest-hit by pandemic matters for markets
Federal Reserve Chairman Jerome Powell is putting a spotlight on the growing tent city near his Washington, D.C. office and the people hardest-hit by the pandemic. Here’s why the pain felt on Main Street could matter a lot for Wall Street.
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Jonathan E. Johnson, Overstock.com’s chairman of the board, left, shakes hands with founder and CEO Patrick M. Byrne during a ribbon-cutting ceremony for the company’s new Peace Coliseum office building in Midvale on Oct. 14, 2016. The project cost just under $100 million and occupies over 18 acres of land.
Nick Wagner, Deseret News
Overstock.com was already having a banner year amid conditions wrought by COVID-19 that fueled an enormous uptick in overall e-commerce activity and a particular interest in the furniture and decor inventory that is the specialty of the Utah online retailer as millions lived and worked through months of home isolation.