The Market

On April 11, the Saturday between Good Friday and Easter, a 145-foot smokestack was demolished in the Little Village neighborhood of Chicago, spreading brown dust over a major cultural and economic corridor — and a COVID-19 hotspot in one of America’s hardest-hit cities. For nearly 90 years the smokestack had …

BERLIN — Germany adopted its second economic-stimulus package since the start of the coronavirus pandemic, bringing their total cost to €1.3 trillion ($ 1.5 trillion), by far the largest in Europe as a share of gross domestic product. The new bundle, agreed to on Wednesday after extensive talks between Chancellor …

Nearly three dozen former Facebook Inc. employees, dismayed with Mark Zuckerberg’s hands-off policy on President Donald Trump’s posts and his defensive posture on the matter, forcefully pushed back in a stinging letter released Wednesday. “We grew up at Facebook, but it is no longer ours,” the 33 former employees, who …

Some key Senate Republicans are throwing their support behind a bipartisan House bill that would give small businesses more time to use Paycheck Protection Program loans and let borrowers spend less of their loan proceeds on payroll, but other GOP senators have concerns about the measure, potentially preventing swift action …

David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high. In a note to clients on Tuesday, he said relative value in the current environment doesn’t make any sense, with the S&P 500 SPX, +0.82% up 37% …

“ “It is a strength when protesters, protected by responsible law enforcement, march for a better future.” ” That’s former President George W. Bush, who addressed the protests sweeping the nation on Tuesday and decried America’s “tragic failures.” Bush said he and his wife, Laura, are “anguished” by the death …

Analysts expect the European Central Bank to expand the capabilities of its €750 billion Pandemic Emergency Purchase Program when it meets on Thursday. A breakdown released by the central bank on Tuesday showed it is bought €235 billion ($ 263 billion) of assets through the end of May, with €103 …

The New York Knicks, a basketball franchise with mostly black players in a city that’s about 25% African-American, has been one of only two NBA teams silent over the killing of George Floyd. A leaked email explains why, according to an ESPN report. “ “We at Madison Square Garden stand …

President Donald Trump late Monday threatened to mobilize the U.S. military to keep the peace across the nation, following days of violent protests. Speaking at the Rose Garden of the White House, Trump derided governors for not acting more harshly against demonstrators, and said he was deploying “heavily armed” soldiers …