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An economy starved of savings has little resilience to any shock. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great …
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US stocks posted tentative gains early Friday as Wall Street tried to end a rocky week on a high note. The Dow Jones industrial average climbed as much as 202.63 points, or 0.8 percent, in early trading but pared the gain to just 12.02 points as of 10:14 a.m. The S&P 500 jumped as much …
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The coronavirus death toll in the U.S. stood at 49,963 Friday morning after increasing by 3,000 in the previous 24 hours, with almost 870,000 cases confirmed throughout the country. Some 16,000 of those coronavirus deaths have occurred in New York, which has emerged as the hardest hit states with more than 260,000 cases. Meanwhile, a …
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Treasury Secretary Steve Mnuchin on Thursday announced he was considering creating a federal lending program for oil companies currently facing numerous challenges during the coronavirus pandemic. “One of the components we’re looking at is providing a lending facility for the industry,” Mnuchin told Bloomberg. “We’re looking at a lot of different options, and we have not …
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Former vice president Joe Biden predicted Thursday that President Trump will attempt to delay the November general election. “Mark my words I think he is gonna try to kick back the election somehow, come up with some rationale why it can’t be held,” the presumptive Democratic nominee said during an online fundraiser. “That’s the only way …
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Officials at big companies could be sent to the slammer for taking loans meant to help small businesses amid the coronavirus crisis. Amid growing scrutiny of its $349 billion Paycheck Protection Program, the US Treasury Department on Thursday urged the dozens of publicly traded companies that got millions of dollars in government-backed loans to return …
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Lizzo is glad to take a break from her glam. The “Truth Hurts” singer, 31, opened up to People about how she’s reconnecting with herself and building up her self-esteem while social distancing during the coronavirus pandemic. “I think it’s cool that we get the opportunity to turn off,” Lizzo said. “My dream is to …
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Ben Affleck‘s become a real smoke show. The 47-year-old took yet another stroll with girlfriend Ana de Armas in Los Angeles on Thursday, but didn’t let his face mask get in the way of stopping for a cigarette break. Photos show “The Way Back” actor keeping the mask over his nose as he puffs away, …
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They mix funny business with pleasure. Kim and Penn Holderness — the family behind some of Facebook and YouTube’s most-shared funny videos — are no strangers to bad news. So when the former New York City journalists-turned-online comedians first began their coronavirus lockdown last month, they knew they had to joke about it to make …
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Smithfield Foods is driving workers at a Missouri pork plant so hard during the coronavirus crisis that they can’t even cover their mouths to sneeze, a new lawsuit says. The meat-processing giant has threatened to punish workers for missing a single piece of meat on the production line at its plant in Milan, Missouri, according …
An economy starved of savings has little resilience to any shock. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great …
