WHO’s Virus Announcement Adds Voltage to Stunning Stock Market Rally

The World Health Organization (WHO) says the risk of asymptomatic individuals spreading the virus to others is low. The U.S. stock market is in the middle of a historic recovery, and the positive data from the WHO may further fuel the confidence of investors. Billionaires are now showing signs of defeat, as Stanley Druckenmiller says …

Blame the Fed for Ultra-Zombie Hertz Stock’s Ridiculous 100% Surge

Hertz stock doubled in during trading Friday. The recently bankrupt rental car company’s rally is a risky bet against Tesla. And it’s a sign of stock market froth. The Fed’s $3 trillion balance sheet expansion may have something to do with it. The stock market has continued to rally on expectations that the pandemic would …

COVID-19 Vaccine Contenders Race Against the Clock, and Each Other

Oxford University’s coronavirus vaccine gets significant financial backing and promises possible September vaccine delivery. China and Canada teamed up on the first human testing of a vaccine, and initial results are positive. Moderna’s recent vaccination tests were small in number but sent the stock market soaring. In the race to find a COVID-19 vaccine, hope …

3 Reasons Why COVID-19 Might Keep Your Jobs Longer Than You Think

Many lost jobs in the U.S. are unlikely to recover due to disruptions in supply chains and consumer demand. A study from the University of Chicago suggests that even a vaccine may not aid economic recovery. Nobel laureate Joseph Stiglitz predicts double-digit unemployment until 2022. When the U.S. recovers from the coronavirus pandemic and reopens …