Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....more
Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders....more
All is not coming up aces for Masa Son and his faltering SoftBank empire, which warned investors on Monday of a coming $16.7 billion loss to its landmark Vision Fund, the tech-focused venture that’s been hammered by “the...more
Talks between General Motors and the striking UAW broke down yesterday, threatening the progress the two sides “appeared to make in recent days,” a troubling sign as the strike heads into its 4th week....more
The Dow’s serious dive on Friday helped put all three major indices into correction territory (aka, all are now at least 10% below their peak from earlier this year....more
After a brutal Tuesday, the White House tried to take advantage of yesterday’s market day off to run some damage control “and ease concerns that [the] trade truce with China was already floundering.” I suspect we’ll find out...more