(Bloomberg Opinion) — The optimism that permeated equity markets last week when U.S. stocks posted their biggest gains since the 1930s has once again given way to a feeling of despair, with the S&P 500 Index falling 6% over the course of two days. Yes, moves by fiscal and monetary authorities have shored up the…
The Sussex Royals’ New Out Of Office Message Confirms The End Of An Era
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If Meghan Markle ever decided to pivot into music, her first video should be a nod to Taylor Swift’s “Look What You Made Me Do.” Except the Duchess’ version would sign off with her new out of office message:“Many thanks for your email. The office of the Duke and Duchess of Sussex has now closed.”But…
Jim Rogers Expects ‘Worst Bear Market in My Lifetime’ in Coming Years
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Walmart makes a huge change to its stores because of the coronavirus pandemic
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Thank you Walmart for finally introducing single-direction aisles to your stories — it makes a ton of sense.
Coronavirus stock market rally triggers the dreaded 'death cross'
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It could be time to sell stocks again, if this bearish stock market predictor is correct.
How coronavirus could permanently change our lives, according to Goldman Sachs
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The coronavirus pandemic has come with changes in the way people live. Some of those changes will be temporary. Some will be permanent.
Goldman Sachs Picks 2 Stocks to Buy (and 1 to Sell)
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If anyone thought last week’s three days of positive trading indicated a trend reversal, or even more implausibly, an end to the recently launched bear market, they were rudely awakened on Friday. Markets tumbled as the US overtook previous pandemic hotspots China and Italy with the unwanted statistic of having the highest number of coronavirus infections on record. It appears, then, that the new bear market will be around for a while, along with the accompanying bouts of volatility. How long will it last? Impossible to tell,…
2 Biotech Stocks in the Hunt for New Coronavirus Drugs; Oppenheimer Weighs In
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With the number of confirmed COVID-19 cases rising despite worldwide lockdowns and social distancing efforts, the biotech industry is taking action. In just two months since the first infection was reported in the U.S., the country’s total number of cases has surpassed both that of Italy and China, and the Trump administration is calling on…
FDA greenlights COVID-19 point-of-care test
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The U.S. Food and Drug Administration approved a portable swab test which can provide results for the coronavirus in less than 15 minutes.
Bank of America’s Race to Avoid Public Shaming Underscores the Perils of the Crisis
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(Bloomberg) — For 93 uncomfortable minutes, Bank of America Corp. rushed to escape infamy this week, before it was saved by the grace of James Corden, the affable talk show host known for crooning in cars with stars.The drama began when California Governor Gavin Newsom called out the bank for not offering 90-day grace periods…
Coronavirus could accelerate US cannabis legalization
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States like New York will see significant revenue shortfalls due to coronavirus. Legalizing cannabis could make up for a quarter of the losses, which could help push legislation forward.
Zoom Technologies Trading Suspended After Ticker Confusion
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(Bloomberg) — Trading in Zoom Technologies Inc. (ticker: ZOOM) was suspended by the U.S. Securities and Exchange Commission Thursday through April 8 after the stock climbed in recent weeks amid confusion with Zoom Video Communications Inc. (ticker: ZM), the popular virtual-meeting company.The similar names had caused confusion, leading some investors to purchase shares in the…