3:27 a.m. Oct. 18, 2020
- By Quentin Fottrell
‘COVID-19 remains a serious public-health threat’: New Yorkers don’t have hope that their city will recover anytime soon The impact of COVID-19, the disease caused by SARS-CoV-2, continues to weigh most heavily on people of color in New YorkThe impact of COVID-19, the disease caused by SARS-CoV-2, continues to weigh most heavily on people of color in New York.
6:05 a.m. Sept. 30, 2020
- By Wendy Helfenbaum
‘Anyone can make money.’ This retired Wall Street investor wants to motivate Americans to do something else: Get off the couch After 30 years of no exercise while building a successful investment career, Jim Owen wants to show it’s never too late to become healthierHis purpose and his legacy now is inspiring older adults to become healthier and more active.
4:13 a.m. Aug. 15, 2020
- By Brett Arends
‘It was like something out of Gilligan’s Island!’ The FIRE crowd who spent the lockdown partying in the Bahamas This couple gives you another reason to quit your miserable jobThis couple gives you another reason to quit your miserable job
10:35 a.m. Aug. 12, 2020
- By Tomi Kilgore
CalPERS more than doubles Gilead and Zoom Video stakes, trims Apple and Microsoft California Public Employees Retirement System (CalPERS) disclosed Wednesday that it more than doubled its shares stakes in Gilead Sciences Inc. and Zoom Video Communications Inc. , both of which have been beneficiaries of the COVID-19 pandemic, while it rebalanced its holdings of technology-behemoths Apple Inc. and Microsoft Corp. by trimming its stakes during the second quarter. As of June 30, the pension fund owned 10,528,157 million shares of Gilead, which makes COVID-19 treatment candidate remdesivir, up from 4,353,093 shares as of March 31, while its Zoom Video stake increased to 341,358 shares from 61,070 shares. Among other companies with COVID-19 vaccine candidates, the stake in Moderna Inc. increased to 599,997 shares from 449,100 shares and the Inovio Pharmaceuticals Inc. holding nearly doubled to 322,441 shares from 176,365 shares. CalPERS trimmed its stakes in Apple to 9,171,757 shares from 10,190,498 shares and in Microsoft to 16,850,303 shares from 17,404,566 shares. Meanwhile, given the rallies in the stocks, the market value of CalPERS holding in Apple increased to $3.35 billion as of June 30 from $2.59 billion as of March 31, while the value of the Microsoft shares it held rose to $3.43 billion from $2.74 billion. The overall market value of CalPERS's equity holdings increased 22.7% to $101.41 billion, while the S&P 500 gained 20.0% in the second quarter.
8:49 a.m. Aug. 10, 2020
- By Leslie Albrecht
The Giving Pledge turns 10: These billionaires pledged to give away half their wealth, but they soon ran into a problem A group of billionaires including Bill Gates, MacKenzie Scott, Michael Bloomberg, Elon Musk and Mark Zuckerberg set a new standard for ‘public accountability for generosity’A group of billionaires including Bill Gates, MacKenzie Scott, Michael Bloomberg, Elon Musk and Mark Zuckerberg set a new standard for ‘public accountability for generosity.’
9:33 p.m. July 13, 2020
- By Barbara Kollmeyer
Stocks are resilient because investors have been braced for much worse COVID-19 news, says strategist Critical information for the U.S. trading dayOur call of the day from Fundstrat strategist Thomas Lee says recent gains for stocks are explainable. The glass is “half-full” for investors where COVID-19 outbreaks are concerned.
12:20 p.m. May 17, 2020
- Associated Press
‘Delusional’ Martin Shkreli denied in bid to be freed from prison ‘Pharma bro’ said he wanted to do lab work to find coronavirus vaccineA judge rejected the request of convicted pharmaceutical executive Martin Shkreli to be let out of prison to research a coronavirus treatment, noting that probation officials viewed that claim as the type of “delusional self-aggrandizing behavior” that led to his conviction.
10:40 a.m. April 16, 2020
- By Satyajit Das
The economic fallout from the coronavirus pandemic is bigger than any stimulus now in the works World governments are flying blindfolded into a monumental stormWorld governments are flying blindfolded into a monumental storm, writes Satyajit Das.