The COVID-19 pandemic underscores the importance of Social Security in the lives of Americans. Even in the toughest of times, the program delivers checks on time and in full. At the same time, the economic conditions created by the virus have exposed hidden weaknesses that could cost the program tens …
Read More »Does sunshine kill coronavirus? Will antibiotics help? These are the most widely shared misconceptions about COVID-19
A woman wears a face mask and goggles walks at LAX airport in Los Angeles. A new study in the latest edition of the American Journal of Tropical Medicine and Hygiene identified 2,311 reports of rumors, stigma and conspiracy theories in 25 languages from 87 countries related to COVID-19. (Photo: …
Read More »‘We’re all in this together’: Dr. Fauci outlines how the U.S. can learn from other countries in the battle against COVID-19
What can the U.S. do differently? Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, delivered some blunt messages to the public during an online video interview with actor Matthew McConaughey. There are three key reasons why many island nations and Asian countries, such as New …
Read More »Brett Arends’s ROI: Uh-oh: Investors predict ‘Dow 50,000’ — in just five years
The average U.S. investor must be even higher than the stock market. What else can explain the results of a new survey, which found that, among a sample of 1,500 people here in the U.S. who manage their portfolios, the average person expected the stock market to generate sky-high returns …
Read More »The Moneyist: My friends’ wedding reception was canceled. They’re having a small ceremony next month. I’m invited to a party next year. Do I send a gift?
Dear Moneyist, A friend of mine is getting married next month with a handful of guests, mainly family and close friends. The wedding itself was put off because of the coronavirus pandemic, but they are having a large party next year. I was only invited to the party next year. …
Read More »The Margin: New York City is ‘dead forever,’ according to one proud New Yorker
Will the city that never sleeps ever wake up? Not according to James Altucher, a best-selling author and former hedge-fund manager, who says that New York City is “dead forever” as its residents come to grips with the reality of the coronavirus pandemic and what it means for the fate …
Read More »The Tell: A small subset of Vanguard investors moved entirely into cash when the market tumbled. Here’s how they did
The thought must’ve crossed many investors’ minds during the pandemic. Why not just get out of the markets entirely and switch into cash? Fund management giant Vanguard Group looked at the investors who did exactly that, in a study recently published. Now, the Vanguard crowd isn’t exactly that of Robinhood—between …
Read More »Mortgage rates keep falling — will they finally drop to 0%?
Mortgage rates have dropped to record lows on eight separate occasions in 2020 so far, as the coronavirus pandemic has roiled the global economy. But could they eventually drop to 0%? Well, if past precedent is any indication, there’s indeed a chance. Freddie Mac FMCC, +0.70% deputy chief economist Len …
Read More »The New York Post: Protesters march on home of U.S. Postmaster General, demand resignation
Protesters gathered at the home of Postmaster General Louis DeJoy on Saturday to demand his resignation — a significant escalation of public pressure amid a pitched battle over mail-in ballots for the 2020 presidential election. About 100 demonstrators gathered outside DeJoy’s home in the wealthy Washington D.C. enclave of Kalorama. …
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