“ ‘I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible.’ ” — Mark Mobius Emerging-markets investing pioneer Mark Mobius made those remarks Tuesday in an interview with CNBC, putting him in the investing camp that expects an inevitable cascade of brutal economic …
Read More »The Wall Street Journal: Tesla seeks rent reductions to cut costs amid outbreak
Tesla Inc. has reached out to at least some of its landlords seeking rent reductions, according to firms contacted by the car company, as the auto maker looks for cost savings in response to the novel coronavirus outbreak that has closed much of its business. “The rapid world pandemic that …
Read More »Capitol Report: Fauci says he used poor choice of words when describing Trump coronavirus efforts
Dr. Anthony Fauci on Monday tried to clarify comments he made in a Sunday interview about the Trump administration’s coronavirus response, and said he used a “poor choice of words.” At a White House news conference, Fauci, a health-policy adviser to Trump, said he wanted to clear up an answer …
Read More »The Margin: Suffering insomnia over the coronavirus? Having strange dreams? Here’s what to do
The COVID-19 pandemic hasn’t just disrupted our waking lives; it’s wreaked havoc on our sleep, as well. More than one in five people (22%) say their sleep quality has suffered since the rise of the coronavirus that causes COVID-19, according to a new survey of almost 1,000 Americans conducted by …
Read More »Asia Markets: Asian markets dip after deal to cut oil production
Shares were mostly lower Monday in Asia while crude prices gained more than $ 1 per barrel after OPEC and other oil producing nations agreed to cut output to reflect the collapse of demand due to the pandemic. Just hours before markets reopened, OPEC, Russia and other oil producers finalized …
Read More »Key Words: Here’s what Pope Francis said about the global economy that drew a ‘wow’ from a former presidential candidate
“ ‘This may be the time to consider a universal basic wage which would acknowledge and dignify the noble, essential tasks you carry out. It would ensure and concretely achieve the ideal, at once so human and so Christian, of no worker without rights.’ ” That’s Pope Francis showing support …
Read More »Key Words: Warren Buffett on the ‘one-two punch’ market panic: It took me 89 years to experience something like this
“ ‘It wasn’t October 1987, but it was an imitation… [and the financial crisis] was much more scary, by far, than anything that happened [on Monday].’ ” That’s Berkshire Hathaway BRK.A, +1.22% BRK.B, +1.48% boss Warren Buffett putting the market volatility — which he described as a “one-two punch” of …
Read More »Dispatches from a Pandemic: These millennials are spending their quarantine being of service others. Pull up a seat — and a sewing machine
They never get bored — there is far too much to do. Photographers Mercedes Jelinek, 34, and Lucy Plato Clark, 27, are self-quarantining together in Penland, N.C. They decided to use their skills to help medical workers who are battling coronavirus on the front lines, those with preexisting conditions, and …
Read More »Mutual Funds Weekly: These money and investing tips can help you respond better to the financial challenges the coronavirus brings
Don’t miss these top money and investing features: These money and investing stories about how to pilot your financial portfolio through the coronavirus pandemic, and how to invest strategically during this crisis, were popular with MarketWatch readers over the past week. INVESTING NEWS & TRENDS What to know about how …
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