The number of confirmed cases of the coronavirus illness COVID-19 world-wide rose above 20.6 million on Thursday and the U.S. suffered its biggest death toll since May with almost 1,500 fatalities counted in a single day. See full story.
A small subset of Vanguard investors moved entirely into cash when the market tumbled. Here’s how they did
The thought must’ve crossed many investors’ minds during the pandemic. Why not just get out of the markets entirely and switch into cash?Fund management giant Vanguard Group looked at the investors who did exactly that, in a study recently published. See full story.
Jobless claims fall below 1 million for first time since start of coronavirus pandemic
Initial jobless claims fell below 1 million in August for the first time since the coronavirus pandemic began almost five months ago, signaling a steady if slow revival in a battered U.S. labor market. See full story.
Trump claims Biden win would crash market, cause depression
President Donald Trump on Thursday cast his election battle with Joe Biden as a fight for the future of the U.S. economy, saying the stock market would tank and a depression would ensue if the Democrat wins in November. See full story.
Kamala Harris is a friend, not foe, of Big Tech
As a presidential candidate, Harris did not support breaking up Facebook Inc., Google parent Alphabet Inc., and Amazon.com Inc., as did Sens. Elizabeth Warren and Bernie Sanders, but instead was open to strengthening antitrust enforcement. See full story.
‘Whether or not a vaccine is around the corner, alternative medicines have sprouted like mushrooms after rain, claiming to build immunity against COVID-19,’ writes Sadagopa Iyengar, an author and retired banker. See full story.