So much for the V-shaped recovery. The yield on the benchmark 10-year Treasury note TMUBMUSD10Y, 0.647% just broke below a rising trend line, to suggest the uptrend off the COVID-19 low in early March has ended. That uptrend in rates was significant for both Main Street and Wall Street. It helped to support the belief […]
If the latest national and state polls are correct, President Trump’s bid for a second term faces serious headwinds in the four months until the election. Nineteen different polls of voters in swing states released this week show Trump trailing former Vice President Joe Biden, including in places Republicans are unaccustomed to losing in a […]
Florida announced nearly 9,000 new daily coronavirus cases on Friday, breaking its previous record and sparking new concerns about a surge across the South. The dramatic growth of cases over the past month in Florida, and other states including Arizona and Texas, can be seen in internal Centers for Disease Control and Prevention maps obtained […]
“ “The global picture and the U.S. picture are both more bleak than I would have expected.” ” That’s Bill Gates, the Microsoft Corp. MSFT, +1.26% co-founder whose philanthropic foundation has long funded the global fight against infectious diseases, speaking about the coronavirus pandemic Thursday night during a virtual town hall on CNN. Appearing with […]
Fox News host Tucker Carlson spent the first half of his program on Thursday night warning President Donald Trump that he is on pace to lose re-election unless the Trump administration starts rounding up protesters and charging them with terrorism. Carlson, who has spent the past few weeks railing against Black Lives Matter and framing […]
Netflix Inc. is opening the content floodgates in July, with a little something for everyone, from teen romance to action-packed adventure. Highlights include a new series adapted from the popular teen book franchise, “The Baby-Sitters Club” (July 3), starring Sophie Grace, with Alicia Silverstone as her mom; a reboot of the ‘80s hit docuseries “Unsolved […]
With food-at-home in high demand due to the coronavirus pandemic, Albertsons Cos. has filed paperwork to go public. Albertsons is expected to start trading on the New York Stock Exchange on Friday under the ticker symbol “ACI.” Late Thursday, the company priced its IPO at $16 a share, lower than the $18-to-$20 price range it […]
The Federal Reserve on Thursday voted to require large banks to preserve capital by suspending share repurchases and cap dividend payments in the third quarter. In a 4-to-1 vote, the Fed will tie the distribution of dividends to a formula based on recent income. The formula sets third-quarter dividends at a level equal to average […]
WASHINGTON — Although his presidential bid failed to gain traction, former Rep. Beto O’Rourke came within a hair of becoming a senator from Texas in 2018 and performed better than any Democrat in a statewide race in nearly 30 years. Forgoing a more traditional post-run path of cable punditry, O’Rourke has remained quieter than some […]
On Thursday, the Grammy Award-winning country trio the Dixie Chicks announced they had dropped the word “Dixie” from their name. “We want to meet this moment,” the group, now known just as the Chicks, said in a message posted to its website that accompanied the release of a new song and video praising young protesters. […]