Will tax cuts save the economy from recession if no one is leaving their homes? [CNNMoney.com]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: CNNMoney.com
Tax cuts won't save the economy from recession if no one is leaving their homes New York (CNN Business) Washington is dusting off its recession-fighting playbook to contain the economic damage from the coronavirus pandemic. But there's little reason to think that traditional economic stimulus will solve what is first and foremost a health crisis. A payroll tax cut , the centerpiece of what President Trump wants Congress to quickly enact, won't persuade nervous Americans to fly, hop on cruise ships or enter crowded theaters. And while it makes sense for Washington to craft a stimulus package, it would be unwise to consider it a cure-all for what ails the economy and financial markets. The extent of the economic pain will largely be dictated by the trajectory of the coronavirus. "If the virus spreads to a worst-case scenario, where major chunks of the economy are shutting down, stimulus will have very limited impact. People will be too panicked to go out," said Br
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News
- Stifel Financial Corp. (NYSE: SF) had its price target raised by analysts at Wells Fargo & Company from $113.00 to $130.00. They now have an "overweight" rating on the stock.MarketBeat
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SF
Earnings
- 10/23/24 - Miss
SF
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/12/24 - Form 144
- SF's page on the SEC website