Those betting against this “absurdly overvalued” stock market are about to get paid, if Kevin Smith, Crescat Capital’s chief investment officer, has it right in his gloomy assessment. “Speculation is rampant and being championed by a bold new breed of millennial day traders,” he said. “The mania is based on a widespread hope in Fed […]
TULSA, Okla. — Community members in Tulsa’s Greenwood District, the site of the 1921 massacre that wiped out a vibrant Black business district when a racist white mob killed hundreds of African American residents, had a message for Vice President Mike Pence on Saturday: Please stay away. Throughout the week, residents here speculated as to […]
By Trevor Hunnicutt and Simon Lewis WASHINGTON (Reuters) – A close adviser to former U.S. Vice President Joe Biden has begun forming a team to oversee the transition if the Democratic presidential candidate wins November’s election and unseats President Donald Trump, according to a statement on Saturday. Longtime Biden aide Ted Kaufman has recruited six […]
“It’s been a fascinating time to be an active manager,” Cathie Wood told MarketWatch in early June. Left unsaid: It’s been a fascinating time to be an active manager whose long-held strategy aligned perfectly with a once-in-a-lifetime crisis-driven upheaval of technology. Wood, the founder and CEO of ARK Invest, has grabbed attention, some of it […]
China said the Galwan Valley high up in Himalayan border region where Chinese and Indian troops engaged in a deadly brawl this week falls entirely within China, boldly laying claim to the disputed area as the Asian giants continued using military and diplomatic channels to reduce tensions. The confrontation in the Galwan Valley, part of […]
Amazon AMZN, +0.79% CEO Jeff Bezos says Juneteenth should be a moment for reflection about the ways we can eradicate systemic racism and create a more just country. But some Amazon workers are holding Juneteenth vigils where they say they want to draw a link between “slavery, racism and Amazon’s treatment of its ‘unskilled workforce.’” […]
Worries about rising coronavirus infections in parts of America have the stock market on edge this week. COVID-19 cases in Arizona, Florida, the Carolinas, California and Texas, have jumped, with those states registering record-high, single-day increases on Thursday. The re-emergence of the novel strain of coronavirus that causes COVID-19 compelled the World Health Organization at […]
Dominic Raab, the U.K. foreign secretary, has been criticized after saying that taking the knee comes from the “Game of Thrones” TV series. Raab, who led the country while Prime Minister Boris Johnson was hospitalized with COVID-19, also said the gesture “feels to me like a symbol of subjugation, subordination.” The gesture — in which […]
The Internal Revenue Service announced on Friday more Americans will be able to withdraw money from their retirement accounts if they were affected by the coronavirus, either financially or physically. As part of the response to the coronavirus crisis, which has burdened the economy and taken millions of Americans out of work, the government said […]
Over the past few weeks, the nation has been grappling with the history of systemic racism in our police system. But fewer may realize how far back this tradition goes. To better understand this history, MarketWatch spoke with Luke Frederick, a doctoral candidate at Georgetown University who is studying the relationship between the slave trade, […]