U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. The clashes between police and protesters come while the U.S., and much of the world, is in the throes of the coronavirus pandemic that has rocked the domestic economy to its …
Read More »Need to Know: Why one strategist says these hard-hit stocks will rebound — even if there’s a second wave to the pandemic
There has been a yawning gap for some time between growth and value stocks, and the coronavirus pandemic has only widened the disparity. James Solloway, chief market strategist at investment manager SEI Investments, expects that to change — soon. “There are periods where leadership changes in a drastic and dramatic …
Read More »Economic Report: The fun stuff is getting more expensive during the pandemic
The fun stuff is getting more expensive during the pandemic. Yes, U.K. consumer price index growth slowed to 0.8% in April from 1.5% in March, which was a slight bit weaker than the 0.9% growth rise in a FactSet-compiled economist poll. A drop in fuel prices had the biggest impact. …
Read More »The Margin: Bill Gates offers up an idea to help fight the coronavirus pandemic — AOC fires back with snarky response
Teddy Schleifer, “finance and influence” editor at technology news website Recode, on Wednesday tweeted out a link to his story about how Bill Gates is working to convince his fellow billionaires to donate more in the battle against the coronavirus pandemic. The Microsoft MSFT, -1.46% co-founder suggested the creation of …
Read More »NerdWallet: Need help with private student loans? These states are helping during the pandemic
This article is reprinted by permission from NerdWallet. Some states are stepping in to help private student loan borrowers, who were not aided by the coronavirus relief act. Private lenders reached an agreement in late April with the governments of California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Vermont, Virginia and Washington state. …
Read More »Dispatches from a Pandemic: ‘I have a mortgage to pay’: Sex workers banned from small-business loans under CARES Act due to ‘prurient sexual nature’
Like many self-employed Americans, Andre Shakti has lost most of her income over the past few weeks. Most of the clients who used to see her in person have stopped calling, the business where she worked as an independent contractor is closed, and a conference she co-organizes has been canceled. …
Read More »Boris Johnson to unveil plan to get economy moving, saying Britain is ‘past the peak’ of the coronavirus pandemic
Boris Johnson declared on Thursday that Britain was “past the peak” of the coronavirus outbreak and was now on a downward slope. The Tory prime minister used his first appearance at the government’s daily pandemic briefing since leaving hospital to give more details about the five conditions he says must …
Read More »CityWatch: Officials look for answers to NYC’s homelessness crisis as it stresses shelters and subways amid COVID-19 pandemic
New York’s shelter-in-place mandate has pushed millions of New Yorkers inside. But for the city’s homeless population, that’s meant a choice between crowded shelters, the street and, increasingly, the subway system. Both Mayor Bill de Blasio and Gov. Andrew Cuomo on Wednesday called for action to help address overcrowding in …
Read More »Dispatches from a Pandemic: Blinking in the sunlight: Children make halting return to Spain’s streets after weeks of coronavirus lockdown
An unseen Pied Piper worked his way across Spain on Sunday, bringing children out of apartments and houses of all sizes with their bikes, scooters, skates and balls, and most important, their parents. A literal baby step down from one of the strictest coronavirus lockdowns in the world arrived as …
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