Author: CapitalGainsFund

Jun 16

People of color account for majority of coronavirus infections, new CDC study says

WASHINGTON — African-Americans and Latinos are vastly overrepresented when it comes to coronavirus infections, according to an analysis released by the Centers for Disease Control and Prevention on Monday morning.  The findings provide additional confirmation that, as the CDC’s own report says, black and brown communities have been “disproportionately affected” by the pandemic. African-Americans account […]
Jun 16

'Not to me, they don't': Philadelphia court supervisor fired for tearing down Black Lives Matter signs on video

Reuters A supervisor with Philadelphia’s Family Court was fired after a video circulated online showing him tearing down Black Lives Matter signs and telling bystanders that black lives don’t matter to him. The video shows Michael Henkel marching along a sidewalk tearing Black Lives Matter signs from fences and walls. When a bystander yells “black […]
Jun 16

‘Most people don’t want to be called average,’ says Betterment’s Dan Egan, who designs financial tools for them anyway

Dan Egan’s formal title right now is Director of Behavioral Finance and Investing at robo-advisor Betterment, but on his personal web site, he describes his life’s work as “helping us lead more fulfilling, smarter lives by understanding how psychology interacts with design, money, investing, spending and randomness.” In practice, that means Egan helps design portfolios […]
Jun 16

Need to Know: Stocks could fall a further 7% after last week’s correction. But the bull market will ‘resume in earnest’, Morgan Stanley says

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, […]
Jun 16

Key Words: The rise of mom-and-pop investors in the stock market will ‘end in tears,’ warns billionaire Cooperman

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 […]