Category: Markets

New York Coronavirus Hospitalizations Hit Lowest Level In Over A Month

Cuomo wants to see the rate of new infections fall even further.

Berkshire Hathaway Lost $50 Billion Last Quarter As Warren Buffett’s Investments Took A Hit From Coronavirus

Operating profits rose, even as the company posted a record loss last quarter.

Stocks Had Their Best Month In 33 Years, But Here’s Why Experts Are Skeptical

There are reasons to doubt the stock market’s latest rally, experts say.

Reopening States Before June Would Save Millions Of Jobs But Result In Hundreds Of Thousands More Coronavirus Deaths: Report

New findings from Penn Wharton show that reopening states in June would save jobs but put countless more lives at risk.

Cuomo Says New York Schools Will Remain Closed: ‘We’re Going To Err On The Side Of Caution’

A decision on summer school programs will be made by the end of May.

New Test Shows That IHME COVID-19 Death Projections Display Optimism Bias

The White House relies on unrealistically optimistic projections of number of U.S. deaths from COVID-19. In this post, I discuss evidence from a new test that supports this assertion.

Stocks Fall, Dow Loses 400 Points After Trump Threatens New Tariffs On China

The market is down over 2% after wrapping up its best month in decades.

Apple’s Stock Falls After iPhone Sales Plunge Amid Coronavirus

Services revenue continued to show strong growth while iPhone sales slowed.

Russia’s Prime Minister Diagnosed With COVID-19 Amid Worsening Outbreak, Economic Outlook

“It just became known that the coronavirus tests I took came back positive.”

Mitch McConnell’s Idea To Let States Go Bankrupt Set Off A Debate That Engulfed Washington

Here’s a timeline of the ongoing debate over state and local government funding.