Joe Gawronski said concerns about the coronavirus outbreak really hit home on March 13. “Our attitude has changed markedly since Friday,” he said of his family’s reaction to the viral outbreak of COVID-19. The president of New York brokerage firm Rosenblatt Securities lives in Summit, N.J., a suburb a little …
Read More »Tom Brady leaves Patriots, expected to join Tampa Bay Buccaneers
Tom Brady is leaving the New England Patriots to join the Tampa Bay Buccaneers. The 42-year-old quarterback with six Super Bowl titles said in an Twitter post Tuesday morning that he won’t play for the Patriots in 2020, a team he played his entire career for. “Although my football journey …
Read More »Metals Stocks: Gold prices jump more than 3% after Fed announces short-term funding facility
Gold prices punched higher Tuesday, with gains for the metal coinciding with an announcement that the Federal Reserve was establishing a lending facility to assist U.S. corporations in rolling over short-term debt, a key area of the market that had frozen during the coronavirus pandemic. A gain for the precious …
Read More »‘They’ve likened it to a war where the casualties just keep on coming’: Italians find solidarity, resilience and music during the coronavirus lockdown
COMO, Italy — It’s Sunday morning in Como. It’s usually so busy on Sundays that I think twice about going downtown, but today the streets are deserted. All the bars, cafés and shops have signs on their doors saying, “Closed until further notice.” Even the cathedral in the main square …
Read More »Justice Department shifts stance on working from home during coronavirus outbreak after employee group’s complaint
The U.S. Justice Department has ordered “maximum telework” after MarketWatch reported on staff members’ complaints about having to show up at their offices even after the coronavirus was detected among workers at a department building. “I am directing Components to move to a posture of maximum telework in the NCR …
Read More »Key Words: Tennessee man sitting on almost 18,000 bottles of hand sanitizer says he’s doing ‘a public service’
These pandemic profiteers have become internet pariahs. Brothers Matt and Noah Calvin admit in a New York Times interview that they bought up all of the hand sanitizer and antibacterial wipes that they could find across Tennessee and Kentucky after the first U.S. coronavirus death was reported on March 1, …
Read More »Is coronavirus airborne? Will it survive for hours or days on bathroom surfaces? Are men more at risk? Burning questions about COVID-19
There are some outlandish rumors about COVID-19, the disease caused by the new virus SARS-CoV-2, percolating on the internet: To some, it’s a dastardly bioweapon designed to wreak economic armageddon on the West; a left-wing conspiracy to damage the reelection prospects of President Trump; a virus that leaked from a …
Read More »Key Words: Billionaire Ray Dalio says world’s largest hedge fund ‘didn’t know how to navigate’ coronavirus stock-market selloff and should have ‘cut all risk’ but failed to react
‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
Read More »Key Words: Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
Read More »