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 […]
White House press secretary Kayleigh McEnany came to her press briefing on Monday prepared to defend President Trump’s claim over the weekend that “99 percent” of U.S. coronavirus cases are “totally harmless” with two charts illustrating the country’s COVID-19 death rate. But McEnany’s slides showed a case fatality rate — the percentage of confirmed cases […]
Getty Images Seven men have been arrested after an alleged racist incident on the Fourth of July in an Oregon beach town. Police said that the men allegedly yelled racial slurs at a black family and used Nazi salutes while people spent Independence Day on the beach in Lincoln City, southwest of Portland. The men […]
NAPLES, Fla. — An amoeba that destroys brain tissue has been confirmed in an unidentified person in Florida, health officials say. The Hillsborough County Department of Health announced the infection Friday. The infection caused by Naegleria fowleri, commonly referred to as the “brain-eating amoeba,” is a microscopic single-celled living amoeba. The amoeba can cause a rare […]
MARKETWATCH FRONT PAGE Florida reported 10,059 new cases Sunday after reporting 11,458 new cases Saturday, which was second only to the daily peak of 11,571 in New York last April. See full story. Elon Musk throws his ‘full support’ behind Kanye West for president Rapper icon Kanye West, as he has teased several times before, […]