The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and the Dow Jones Industrial Average DJIA, +0.61% was 310 points lower, or 1.2%, in early trading. However, […]
United Airlines and other major U.S. carriers are putting some teeth into their face-mask policies, saying passengers who flout the rules may be banned from flying. United UAL, -1.66% has required face masks for passengers since May 4, but on Monday, the airline said that starting June 18, those who don’t comply with the rules […]
Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular […]
Click here to read the full article. The commander of U.S. forces in the Middle East said that there is “actually no military component” to the maximum pressure campaign against Iran, reversing comments made by Secretary of State Mike Pompeo in January. U.S. forces killed Iranian spymaster Maj. Gen. Qassim Suleimani as he arrived in […]
By Emma Farge and Stephanie Nebehay GENEVA (Reuters) – The origins of a new cluster of coronavirus infections in Beijing are uncertain, World Health Organization officials said on Monday, but the claim that it might have been caused by imports or packaging of salmon was not the “primary hypothesis”. Several districts of the Chinese capital […]
It’s no secret that retail investors have been stepping up their participation in the stock market lately, but the degree by which they have outperformed professional investors may be coming into greater focus. A basket of equities that have been eagerly bought by individual investors since the depths of the coronavirus-induced selloff on March 23 […]
Authorities in Georgia ruled Sunday that the fatal police shooting of Rayshard Brooks outside an Atlanta Wendy’s was a homicide. Brooks, 27, died after he was shot twice in the back on Friday, the Fulton County Medical Examiner’s Office said in a statement. Brooks was shot after a confrontation with two Atlanta police officers in […]
Kyle Bass’s market bet against a Texas real-estate lender seemed like an astute move. Throughout 2015, the hedge-fund manager accused the lender, United Development Funding, of operating like a Ponzi scheme. Authorities opened civil and criminal investigations into UDF, and Bass counted his winnings as UDF stock eventually fell to $1. Today, Bass is also […]
New York — It was easy to forget why they were wearing masks. The fourth day of protests against police brutality in the wake of the death of George Floyd in police custody, turned into violence on Sunday night as some protestors broke into luxury downtown stores. These scenes were played out across the country. […]
Former Georgia gubernatorial candidate Stacey Abrams said Sunday that the fatal Atlanta police shooting of Rayshard Brooks showed the “legitimacy” of the outrage being expressed by widespread protests across the country. The death of Brooks, 27, sparked demonstrations in Atlanta on Saturday night, the resignation of the city’s police chief and the firing of one of […]