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Stocks shoot upward as ‘Phase Three stimulus passes Senate and unemployment skyrockets

2 monthes ago   |   By TechCrunch

Stocks soared on Thursday even as the US reported its worst unemployment numbers in fifty years of tracking data.
The pain felt on Main Street is offset for investors by the Federal government opening its wallet to Wall Street, businesses and workers in the form of the $2 trillion stimulus package designed as a response to business closures as a result of the COVID-19 epidemic.
Details of the plan and its implications for startup companies are still being assessed, but the spigot is now on for businesses large and small to avail themselves of low interest stimulus loans and financing that...
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