The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros. A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has …
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A man wearing protective face mask walks past a closed Burberry shop in Regent Street in central London’s main high street retail shopping area on May 29, 2020 tolga akmen/Agence France-Presse/Getty Images Burberry Group PLC said Wednesday that comparable sales fell 45% in the first quarter of fiscal 2021, and …
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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 …
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Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance. “I do think it’s something that happens sooner rather …
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The Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. “Consumers who have been …
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“ ‘The stock market has already discounted a significant degree of the economic recovery. So, incrementally improving data here might not do much to lift prices. The risk-reward isn’t great here.’ ” That’s Bryn Mawr Trust’s Jeffrey Mills, who oversees $ 16 billion in assets, talking to CNBC Friday about …
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Dr. Anthony Fauci on Tuesday called the coronavirus pandemic his “worst nightmare,” and warned that while he’s confident a vaccine will be developed, the outbreak is far from over. “ “In a period of four months, it has devastated the whole world. And it isn’t over yet.” ” — Dr. …
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“ ‘We definitely feel that the markets are way ahead of reality. We really are telling every client to tap the market if they can because we think the pricing now couldn’t get any better.’ ” That’s Manolo Falco, Citigroup’s C, -2.54% co-head of investment banking, explaining to the Financial …
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The era of coronavirus has already been hard on the American psyche, but the CEO of the world’s largest asset manager cautions that everyone should brace for even rougher days ahead, as the U.S. attempts to emerge from the worst public-health crisis in more than a century. BlackRock’s Chief Executive …
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