“Tesla is a bubble that is going to pop.” That’s the headline of a column I wrote in early February — and I’m repeating that prediction now. To be sure, I have no expectation that this forecast will come to pass quite as quickly as it did after my early-February column. Over the six weeks […]
Investment-research firm Morningstar recently bestowed an “Outstanding Portfolio Manager” award on Jerome Clark of T. Rowe Price, a pioneer in developing target funds for the Baltimore-based mutual fund giant. It was recognition for Clark himself, who along with his team members, launched T. Rowe’s first target-date funds in 2002, a year before Vanguard started its […]
In April, the coronavirus was tearing through the Northeast and Midwest, overwhelming hospitals and filling morgues. The situation was bleak. But the rules, at least, were clear. Businesses were shuttered. Flights were canceled. Nearly everyone had been ordered to stay home. And that’s what nearly everyone did, reducing overall mobility by as much as 30 […]
Indiana authorities are investigating a report by a Black man who said he was pinned to a tree by a group of white men, an attack he likened to an “attempted lynching.” Parts of the incident were captured on video by one of the man’s friends. In a post to Facebook, Vauhxx Booker wrote, “I […]
Senate Majority Leader Mitch McConnell, R-Ky., said Monday that the next round of coronavirus legislation could include an additional round of stimulus checks aimed at helping low-income Americans. Asked at one of three public events in Kentucky whether the relief bill would include more direct payments, McConnell said it “could well.” “I think the people […]
MARKETWATCH FRONT PAGE Yes, this is another buy-the-dip call, but with more details. See full story. Tesla’s stock soars toward record as Wall Street’s biggest bear raises price target Shares of Tesla Inc. charge up toward another record, after even the most bearish Wall Street analyst lifts his price target following the electric vehicle maker‘s […]
“ ‘I think we’ve got a second leg down and that’s very much reminiscent of what happened in the 1930s where people appreciate the depth of this recession and the disruption and how long it’s going to take to recover.’ ” That’s A. Gary Shilling, longtime economist and president of A. Gary Shilling & Co., […]
Patrick Mahomes, a 24-year-old quarterback who led the Kansas City Chiefs to a Super Bowl win on Feb. 2, 2020, was rewarded with a 10-year contract extension that ESPN’s NFL insider Adam Schefter says is the biggest in U.S. sports history. According to Schefter, Mahomes was owed $27.6 million over two years on his existing […]
Even before the coronavirus, my firm was not a big fan of the airline business. Planes are expensive. Airlines have to pay for them during normal economic times and recessions. Their other big cost is fuel — airlines have little control over it. If they hedge the price and it goes up, they are heroes. […]
Soaring cases of COVID-19 around the U.S. drove a week-over-week slowdown at casual-dining restaurants, according to data provided by Bernstein. Casual-dining brands include Darden Restaurants Inc.’s DRI, +0.28% Olive Garden chain and Dine Brands Inc.’s DIN, +2.39% Applebee’s and IHOP brands. The U.S. has now tallied 2.89 million cases of COVID-19, the highest in the […]