Don’t miss these top money and investing features: These money and investing stories, popular with MarketWatch readers this past week, offer ideas about how to manage your financial portfolio at a time when doubts are growing about the extent to which economies can safely reopen as coronavirus cases rise. INVESTING …
Read More »French official expresses optimism recovery fund proposal will be backed amid ‘Frugal Four’ opposition
A French official on Tuesday expressed optimism the European Council will back the efforts by France and Germany for a 500 billion euro fund to aid economic recovery efforts. “I am confident that we will find a way,” said Odile Renaud-Basso, director general of the French Treasury, during an online …
Read More »Germany and France propose $545 billion recovery plan as Europe girds for ‘recession of historic proportions’
The biggest economies in Europe are throwing their weight behind a 500 billion–euro ($ 545 billion) debt-backed plan to help the region recover from the devastating coronavirus pandemic. German Chancellor Angela Merkel and French President Emmanuel Macron jointly announced the plan, which will provide grants, rather than loans, for “the …
Read More »Microsoft, Visa and others worth combined $11.5 trillion want Congress to include climate in COVID-19 recovery plan
Chief executives and other representatives from more than 330 businesses, including Capital One COF, -1.91% , General Mills GIS, +0.45% , Microsoft MSFT, +1.45% , Nike NKE, +0.50% , Salesforce CRM, +2.59% , Visa V, +1.43% and more are calling on bipartisan federal lawmakers to build back a better economy …
Read More »Key Words: ‘It’s going to be brutal,’ billionaire Mark Cuban says of economy’s recovery from coronavirus, and ‘there’s no way to sugarcoat it’
“ ‘It’s going to be brutal. There’s no way to sugarcoat it at all.’ ” That is outspoken billionaire and Dallas Mavericks owner Mark Cuban, who has been increasingly visible as the National Basketball Association has been temporarily suspended due to the deadly COVID-19 pandemic. On Wednesday morning, Cuban, speaking …
Read More »Gilead drug produced ‘rapid’ recovery in coronavirus patients, report says
University of Chicago Medicine researchers said they saw “rapid recoveries” in 125 COVID-19 patients taking Gilead Sciences Inc.’s experimental drug remdesivir as part of a clinical trial, according to a Thursday afternoon report. Shares of Gilead Sciences Inc. GILD, +2.55% jumped 12.7% in after-hours trading on Thursday following the publication …
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