For all the weirdness of the past few months — the Zoom fatigue, the challenge of caring for children and pets and aging parents alongside co-workers — the coronavirus pandemic that’s kept millions of white-collar workers in their homes, not their offices, has presented new opportunities. It seemed only a …
Read More »Key Words: ‘Black Swan’ author says if investors don’t use a ‘tail hedge,’ he recommends ‘not being in the market’—‘We’re facing a huge amount of uncertainty’
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarity …
Read More »Market Extra: 7 reasons the stock market may face a severe bout of turbulence next week and beyond—only one is rising coronavirus cases
Buckle up, Wall Street investors! The ride from here could get a lot bumpier after the Dow registered its worst one-day loss since June 11 on Friday, knocking the blue-chip index to its lowest point since May 26, and at least momentarily knocking the wind out of equity investors who …
Read More »California voters will weigh in on affirmative action in November. Here’s what that means for the rest of the country
Over the past few decades the question of whether affirmative action is an appropriate antidote to centuries of discriminatory policies have animated the court system and voting booth. As Americans have become increasingly focused on systemic racism over the past several weeks, those questions have taken on new urgency. Now, …
Read More »The Wall Street Journal: EU set to name countries from which tourists will be welcomed next month, and U.S. didn’t make the cut
European Union member states have drawn up a list of 15 countries whose citizens may be allowed to travel again to the bloc starting July 1 that excludes the U.S. but includes Canada, Japan and possibly China, diplomats said. A final decision is yet to be taken on the list, …
Read More »Silicon Valley economy remains strong 100 days into coronavirus, compared to other industries
What crippled economy? While virtually every aspect of the U.S. economy has been hit hard during the coronavirus pandemic, the technology industry and its hub in Santa Clara County continue to fare better than other large regions across California and the nation, based on three studies published this week. While …
Read More »The Tell: Award-winning forecaster says U.S. economy might not heal by next year, putting stocks at risk of correction
The U.S. economy might not fully return to normal until 2022, and the stock market is at risk of a correction later in the summer, a leading economic forecaster said Friday. Christophe Barraud, chief economist and strategist at Market Securities in Paris, said the best case for the U.S. economy …
Read More »Key Words: Bill Gates: Poor U.S. response is making pandemic picture ‘more bleak than I would have expected’
“ “The global picture and the U.S. picture are both more bleak than I would have expected.” ” That’s Bill Gates, the Microsoft Corp. MSFT, +1.26% co-founder whose philanthropic foundation has long funded the global fight against infectious diseases, speaking about the coronavirus pandemic Thursday night during a virtual town …
Read More »IPO Report: Albertsons is giving an IPO another try — here are 5 things to know about the grocer
With food-at-home in high demand due to the coronavirus pandemic, Albertsons Cos. has filed paperwork to go public. Albertsons is expected to start trading on the New York Stock Exchange on Friday under the ticker symbol “ACI.” Late Thursday, the company priced its IPO at $ 16 a share, lower …
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