When the Supreme Court handed down its ruling striking down a Louisiana law that would have limited abortion access in that state, progressives celebrated. Their reasoning on June 29 was simple: By joining the court’s liberal justices, Chief Justice John Roberts had proven his commitment to the principle of precedent. …
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Our call of the day comes from David Donabedian, chief investment officer at CIBC Private Wealth Investment, who tells MarketWatch that the V-shaped market we’ve seen since February — “an almost perfect peak” of a 34% decline followed by a 41% recovery for the S&P 500 SPX, -0.56% through June …
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The number of U.S. cases of COVID-19 edged closer to 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from …
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U.S. stocks on Thursday booked their worst daily plunge since fears about the economic impact of measures to curtail the spread of the COVID-19 pandemic took root in investors’ psyches back in March. The Dow Jones Industrial Average DJIA, +0.42% tumbled roughly 1,862 points and the S&P 500 SPX, +0.22% …
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Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. Tokyo’s Nikkei 225 index NIK, +0.74% closed up 0.7% after opening lower. The Hang Seng HSI, +1.17% in Hong Kong rose 0.7%, India’s Sensex 1, +0.62% rose 0.4% …
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As U.S. cities begin to reopen, Uber is seeing an open road. CEO Dara Khosrowshahi told the “Today” show’s Savannah Guthrie on Friday morning that “we certainly do” think the worst of the pandemic is now in the company’s rear view mirror. The nationwide quarantine orders that have temporarily closed …
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The investment company that employs a white woman who went viral after calling the police on a black man in Central Park in Manhattan on Monday has placed her on administrative leave. “We take these matters very seriously, and we do not condone racism of any kind,” read a statement …
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If we’re being honest, the range of possible coronavirus-related economic outcomes is huge — all the way from “happy days are here again” to a new Dark Ages. I raise these possibilities by way of commenting on Warren Buffett’s subdued confidence at Berkshire Hathaway’s BRK.A, +1.73% BRK.B, +1.93% annual meeting …
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With historically low interest rates, you’re probably seeing a fair share of news items declaring what a great time it is to refinance your home. After all, refinancing can be a smart financial move if it results in lowering monthly payments, reducing loan duration, or building home equity more quickly. …
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