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The Market

It was fair winds and following seas for small-business owners like these ship captains. Then came coronavirus

When the tall, bearded sailing ship captain danced into her life late in 2009, Julie McKay was ready to be swept off her feet. McKay, a massage therapist, was living near Baltimore when she flirted with Hugh Covert at a contra dance at an old stone church one evening. Over …

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‘We will not have a vaccine by next winter.’ Like the 1918 Spanish flu, CDC says second wave of coronavirus could be worse. So what happens next?

America is staring down a widespread COVID-19 testing shortage with no vaccine in sight. So what happens when coronavirus makes its unceremonious return? Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for more than three decades, said Wednesday, “We will have coronavirus in the fall. I …

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The Wall Street Journal: Trump-Putin joint statement on Elbe anniversary alarms Russia critics in U.S.

President Trump issued a symbolic joint statement Saturday with Russian President Vladimir Putin, in a move that has stirred debate within the Trump administration and spawned concern among some lawmakers on Capitol Hill, according to people familiar with the document. The unusual declaration is intended to commemorate the 75th anniversary …

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What’s Worth Streaming: Here’s everything coming to Netflix in May 2020 — and what’s leaving

Don’t worry, after more than a month under stay-at-home orders, it only feels like you’ve already watched everything on Netflix Inc. But May is bringing a new crop of shows and movies to binge, with some big names behind them. Among the most anticipated new offerings for Netflix NFLX, -0.40% …

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The Moneyist: I didn’t feel well last month and asked my housekeeper to stay home. I am nervous about having her come back. She asked for ‘unpaid wages.’ What should I do?

Dear Moneyist, My housekeeper would like to receive money while she’s not working. She works for me for 4 hours a month, and I pay her approximately $ 120 cash each month. We pay her well, although she is hardly a full-time worker. In fact, she is barely part time. …

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Outside the Box: Debt, wealth destruction and lower pay will be coronavirus’ legacy

Policy makers often describe their approach to the COVID-19 crisis as placing the economy in hibernation or an induced coma. In that sense, the restoration of normal functioning after the patient is revived will be the true measure of success. Post-pandemic recovery will experience effects that persist after the initial …

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Brett Arends’s ROI: The nursing home COVID-19 tragedy — how did this happen?

Charlie Baker wants answers. The governor of Massachusetts — a Republican, and a former health care executive — wants to know why so many people had to die in nursing homes from the COVID-19 epidemic. “This is one [topic] that’s going to require some pretty-heavy duty analytics,” he said Wednesday. …

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The Tell: A ‘sell in May’ risk looms over the market, Nomura quant warns

The equities market seems to be positioned for the old adage “sell in May and go away” to come to fruition. That’s the finding of Nomura quantitative strategist Masanari Takada, who said a shakeout is coming as scheduled. Most of what are called commodity trading advisors are trend followers, and …

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The 3 markets that Jeff Bezos should target with his billions earmarked to save the Earth

At least one money manager believes Amazon.com Inc. founder Jeff Bezos — who pledged $ 10 billion to fight climate change from his personal fortune earned by upending global commerce — should funnel his hefty donation into green technology. Steve Freedman, senior product specialist at Geneva-based Pictet Asset Management, posted …

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