iStockphoto One simple statistic goes a long way toward summing up the state of play in actively-managed exchange-traded funds: the share of all ETFs run by active managers has increased a whopping 50% over the past 12 months: to 3%, according to data from CFRA/Frist Bridge, from 2% last year. …
Read More »: Amy Coney Barrett says ‘politically controversial’ climate change is still a matter of public debate
Supreme Court Justice nominee Amy Coney Barrett testifies before the Senate Judiciary Committee this week. Getty Images Man-made climate change — the long-run threat to the global economy and security that serves as the basis for competing clean-energy bills by both parties — is a controversial topic still up for …
Read More »Key Words: Elon Musk still doesn’t know whether he’s voting for Trump or Biden, but he might by Tuesday night
MarketWatch photo illustration/Getty Images|iStockphoto Elon Musk, who’s got your vote in November? “ ‘Let’s just see how the debates go… I think that’s going to be the thing that decides things for America.’ ” That’s his cagey answer when Kara Swisher posed the question in Monday’s episode of her “Sway” …
Read More »TaxWatch: Should I have gotten my stimulus check by now? Why some people are still waiting — and what to do about it
In Washington D.C., lawmakers are debating a second batch of stimulus checks in another coronavirus rescue bill. In Blairstown, N.J. Frank Natoli is scratching his head on news of the negotiations. “ ‘My first reaction was ‘second what?’ What about the first?’ ” — Frank Natoli, a software engineer still …
Read More »Economic Report: Jobless claims fall to four-month low of 1.31 million in early July, but layoffs still high
The numbers: The number of initial jobless claims fell by almost 100,000 in early July to a four-month low 1.31 million, but the pace of layoffs is still quite high and appears to be bogging down an economic recovery from the coronavirus pandemic. Initial jobless claims, a rough gauge of …
Read More »Coronavirus vaccine still might not lead to herd immunity in U.S., Fauci warns
The U.S. is “unlikely” to develop herd immunity to COVID-19, Dr. Anthony Fauci said Sunday, due to the likely combination of only a partially effective vaccine and the large number of people who refuse to take it. Speaking Sunday night to CNN’s Elizabeth Cohen as part of the Aspen Ideas …
Read More »Coronavirus update: U.S. case tally climbs to 2.35 million and 27 states are still showing increases in infections
The U.S. case tally for the coronavirus illness COVID-19 climbed to 2.35 million on Wednesday, and 27 states were showing increases in infections, as Dr. Anthony Fauci cautioned that the next two weeks will be crucial in containing the spread. Fauci, head of the National Institute for Allergies and Infectious …
Read More »Airlines are issuing billions of dollars in vouchers — but can you still get a cash refund for coronavirus-related flight cancellations?
While airlines are providing refunds when they cancel flights, very few carriers are doing so when a customer proactively chooses to cancel a trip because of the coronavirus outbreak, a new report from a group of Democratic lawmakers charges. U.S. Senators Edward Markey, Elizabeth Warren, Richard Blumenthal and Kamala Harris …
Read More »MarketWatch First Take: AMD has only one question still lingering about COVID-19 effects
The COVID-19 pandemic has created a litany of questions for companies around the world, but for chip maker Advanced Micro Devices Inc., there is only one uncertainty: Will people want to buy computers in the second half of the year? AMD AMD, -1.73% revealed strong first-quarter results Tuesday, and tweaked …
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