As the coronavirus crisis unfolds, many are asking: Where is Warren Buffett? They want to hear and see more from America’s most literary and famed investor, noted for both calm and prowess in times of distress. People know the current crisis is more acute than any in living memory, including …
Read More »The Moneyist: Our boss quarantined for 14 days after being exposed to coronavirus, yet we’re strong-armed to return after a few days
Dear Moneyist, I work in a ship-building factory, and a member of senior management was exposed to COVID-19. He quarantined for 14 days, but when workers on the factory floor are exposed to the coronavirus, they are told to return to work only after a few days. Despite the public-health …
Read More »U.K. government claims mission accomplished in reaching 100,000 coronavirus tests in a day
The U.K. government has reached its target of 100,000 coronavirus tests realized in a day, Secretary of State for Health and Social Care Matt Hancock said Friday. “I knew that it was an audacious goal,” he said during the daily pandemic briefing organized by the government. “I can announce that …
Read More »Stock market rally went too far, too fast — expect a decline before prices rise again
U.S. stocks have soared, but low trading volume suggests many investors got shaken out in March and have been sulking on the sidelines. As the chart below shows, trading volume for the SPDR S&P 500 Trust SPY, -2.23%, which tracks the benchmark S&P 500 Index SPX, -2.28%, rose during the …
Read More »Boris Johnson to unveil plan to get economy moving, saying Britain is ‘past the peak’ of the coronavirus pandemic
Boris Johnson declared on Thursday that Britain was “past the peak” of the coronavirus outbreak and was now on a downward slope. The Tory prime minister used his first appearance at the government’s daily pandemic briefing since leaving hospital to give more details about the five conditions he says must …
Read More »Market Extra: Under Fed’s new criteria, Equifax, Nasdaq and Tiffany & Co. are ‘Main Street’ companies
Equifax Inc., Nasdaq Inc. and Tiffany & Co. aren’t typically the kind of names associated with the troubles faced by Main Street businesses. But they now are among the more than 100 companies in the S&P 500 index that would fit the Federal Reserve’s expanded criteria unveiled Thursday to help …
Read More »‘Somebody seriously dropped the ball.’ Why did the Mayo Clinic let Mike Pence visit patients with no mask?
Why would a hospital, ranked No. 1 in the U.S., break its own policies and put its patients’ and medical staff’s health and even their lives at risk by allowing a visitor to walk around wards with no mask, no gown — and without maintaining the recommended six-feet distance? U.S. …
Read More »Earnings Watch: Apple, Amazon and Gilead take anchor leg of earnings race with a big lead
In the busiest earnings week of the season, Thursday is the biggest act. Two trillion-dollar companies — Apple Inc. AAPL, +3.28% and Amazon.com Inc. AMZN, +2.53% — will follow the successes of rivals Alphabet Inc. GOOG, +8.73% GOOGL, +8.89% and Microsoft Corp. MSFT, +4.48% and look to prove that the …
Read More »CityWatch: Officials look for answers to NYC’s homelessness crisis as it stresses shelters and subways amid COVID-19 pandemic
New York’s shelter-in-place mandate has pushed millions of New Yorkers inside. But for the city’s homeless population, that’s meant a choice between crowded shelters, the street and, increasingly, the subway system. Both Mayor Bill de Blasio and Gov. Andrew Cuomo on Wednesday called for action to help address overcrowding in …
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