Dear Readers, That’s usually the other way around. Normally, readers ask me a question. But this is a time we can figure out what we can do for each other. While more people are working remotely and avoiding public transportation due to the coronavirus, not everyone has the luxury of …
Read More »Second dog tests positive for coronavirus as owners warned not to abandon pets
The Hong Kong government has urged people not to abandon their pets and to stop kissing them after a second dog repeatedly tested positive for coronavirus. A German shepherd living in the Pok Fu Lam area on Hong Kong Island was sent for quarantine along with another mixed-breed dog from …
Read More »Existing-home sales skyrocketed 6.5% in February — but that could soon change because of the coronavirus
The numbers: Sales of previously-owned homes jumped 6.5% in February, though the coronavirus outbreak could put the break on sales growth in coming months. Existing-home sales occurred at a seasonally-adjusted annual pace of 5.77 million, the National Association of Realtors reported Friday. It was the strongest sales figure for the …
Read More »As the British government struggles with its coronavirus response, local communities get battle-ready
As during the Second World War, neighbors in Britain are coming together to help neighbors amid a battle against a lethal enemy. Thousands of citizen-led groups have sprung up across Britain as neighbors club together to offer support to people in need during the coronavirus pandemic. Through Wednesday, more than …
Read More »Earnings Results: CrowdStrike stock soars as sales nearly double, results beat expectations
CrowdStrike Holdings Inc. shares skyrocketed in the extended session Thursday after the cybersecurity company’s results and outlook topped Wall Street estimates and coronavirus fears raise the need for more protective measures as millions of people work from home. CrowdStrike CRWD, +8.05% shares soared more than 20% after hours, following an …
Read More »Outside the Box: What John Bogle might say about the coronavirus and your investments
The late Jack Bogle, founder of Vanguard Investments, had this famous advice for his investor clients: “Don’t do something, just stand there!” It’s a funny line, one that captures the essence of his long-term investment philosophy. In short, the more you move your investments around the higher the chance you …
Read More »Futures Movers: Oil prices stage rebound after days of relentless selling
Oil prices bounced off their lowest levels in 20 years on Thursday, as investors absorbed a huge influx of central bank and government support measures against economic fallout from the coronavirus and Russia indicated it would like to see higher prices. The front-month April West Texas Intermediate crude contract CLJ20, …
Read More »Vitaliy Katsenelson’s Contrarian Edge: Advice for the coronavirus crash: ‘You make most of your money in a bear market; you just don’t realize it at the time’
With stock prices sinking fast, a client emailed me saying, “Your move, boss.” So here is our move: Especially in this coronavirus crash, we continue to seek out what we always look for globally — high-quality businesses that we can buy at a significant discount to fair value. We are …
Read More »Market Extra: How the Fed’s latest crisis-era credit facility aims to finally calm rattled markets
Only hours after deploying one crisis-era funding facility, the Federal Reserve on Tuesday unleashed another, potentially more powerful weapon that gives primary dealers on Wall Street cheap loans to snap up a broad array of bonds and stocks. It has an aim of freeing up space on dealer’s balance sheets …
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