Tri-county stocks regained some of the previous day’s losses with the passage of a stimulus package to counteract the economic impacts of the coronavirus crisis, ending up 4.4 percent March 19 from the start of the week. Early stage biotech stocks topped the gains, including a 36 percent jump for Arcutis Biotherapeutics and a 27 Read More →
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The economic impact of the coronavirus epidemic has ripped through the Tri-Counties, triggering massive job cuts and prompting San Luis Obispo County to issue a rare order for residents to shelter at home beginning March 19 in response to rising numbers of COVID-19 cases. The county intends to hold the order for the next 30 Read More →
Stocks regained some of their footing March 17, with the announcement of trillions of dollars in potential spending by the federal government, including direct payments to individuals. Goleta software developer AppFolio led the gains in the region with an almost 30 percent pop for the day, alongside moderate gains for other software firms. It was Read More →
National financial markets and tri-county stocks continued to plunge March 16 in defiance of new fiscal stimulus as states imposed new restrictions over the weekend on restaurants, movie theaters and other businesses. President Donald Trump warned that the economic impact of the coronavirus epidemic could last through the summer. The S&P 500 fell 12 percent Read More →