US stocks fell on Friday as spiking coronavirus cases threatened to slow economic reopenings.
Bank stocks slumped after the Federal Reserve said on Thursday that it would limit stock buybacks and cap dividends.
The Commerce Department said on Friday that US consumer spending jumped by a record amount in May even as personal incomes fell.
Read more on Business Insider.
US stocks fell on Friday as investors continued to watch spiking coronavirus cases threaten economic-reopening efforts nationwide
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-
Dow falls 730 points as investors weigh surge in COVID-19 cases
-
The chief strategist of $2.5 trillion State Street recommends 7 ETFs for investors looking to profit from a permanently altered post-coronavirus landscape
The coronavirus pandemic has triggered a "great reset" in the biggest risks and opportunities that lie ahead of investors, Michael Arone, the chief investment strategist of State Street Global Advisors, said.
He identified three themes that are emerging from the rubble as investable opportunities and singled out seven exchange-traded funds aligned with them.
Click here to sign up for our weekly newsletter Investing Insider.
Click here for more BI Prime stories.The coronavirus pandemi -
Dow tumbles 700 points as investors mull spiking virus cases
US stocks fell on Friday as spiking coronavirus cases threaten to slow economic reopenings.
Bank stocks slumped after the Federal Reserve said on Thursday that it would limit stock buybacks and cap dividends.
The Commerce Department said on Friday that US consumer spending jumped by a record amount in May even as personal incomes fell.
Read more on Business Insider.
US stocks fell on Friday as investors continued to watch spiking coronavirus cases threaten economic-reopening efforts nationwide. -
The GOP's stupid crusade against Obamacare
Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here to receive it in your inbox.QUOTE OF THE DAY
"I suspect it was more risky to visit the shopping center than to visit the gym." — Norwegian Goril Bjerkan. Norway reopened gyms this week after conducting a controlled, randomized study that found no increase of Covid risk for gym-goers.WHAT'S HAPPENING
US hits highest number of confirmed coronavirus cases for the second day in a row: New cases topped 39,000 as t -
'Bonds will hedge you against nothing' in the current market environment, says famed investor Nassim Taleb
In a CNBC interview on Friday, Nassim Taleb told investors that bonds "have no upside" and "have run their course."
Taleb pointed to negative interest rates as reasons investors could no longer count on bonds as a traditional hedge against market sell-offs.
Taleb suggested that to protect investment portfolios, stock investors should have a tail hedge to protect against systemic risks.
Taleb is an adviser to Universa Investments, which runs tail-risk-hedge investment strategies and posted a 4,14 -
These are the 7 board members who stand to gain the most from Fastly's epic rally (FSLY)
Fastly's stock has surged an epic 307% this year through Thursday's close.
This week, Fastly also overtook Zoom as the best-performing work-from-home stock of the coronavirus pandemic.
Here are the seven board members that stand to gain from the cloud-computing company's rally.
Watch Fastly trade live on Markets Insider.
Read more on Business Insider.
Fastly has had quite the year. In addition to surging more than 307% from January through Thursday's close, the company this week over -
A little-known biotech working on a COVID-19 vaccine has surged 304% in 2 days — and it just said it was picked for the US government's Operation Warp Speed program (VXRT)
Vaxart, a small-cap biotechnology company focused on developing oral vaccines administered by tablet rather than injection, said on Friday that it had been selected for the US government's Operation Warp Speed project.
Vaxart's stock has skyrocketed 304% in the past two days — and as much as 449% this week — as it's released a slew of news about its development of a COVID-19 vaccine candidate.
The firm said its vaccine was "the only oral vaccine being evaluated" within the Operation -
A new GOP bill unveiled by Marco Rubio would give stimulus checks to families with unauthorized immigrants that were left out of the initial wave
Rubio introduced a bill that would give mixed-status families with unauthorized immigrants a $1,200 stimulus check.
People who filed a tax return with a non-citizen spouse had been barred from getting government cash under the CARES Act passed in March.
But the bill doesn't widen eligibility to people with Individual Taxpayer Identification Numbers get a stimulus check, which leaves out many unauthorized immigrants.
Up to 15.4 million people in mixed-status families were excluded from receiving -
Power Line: $2 billion for clean energy — Schlumberger job offers disappear — 22 top energy stocks
Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.
Here's what you need to know:Want to get this newsletter in your inbox every Friday? Sign up here.
Most of our content is available to BI Prime subscribers. Click here for 20% off.
Got feedback or tips? Please email us at [email protected]. We're almost in July, which means I've started planning my 30th birthday. I've thrown out dreams of a densely packed NYC dance floo -
Tencent seeks to reshape Asia’s streaming market
Tencent, the Chinese technology and entertainment giant, has acquired iflix, a loss-making streaming service based in Malaysia that operates across 13 markets in Asia. -
P&G’s roadmap for tackling racial inequality in marketing
Procter & Gamble, the consumer-packaged goods manufacturer, is following a holistic roadmap for racial equality as it seeks to enhance diversity within its own four walls and across the media ecosystem. -
Google will pay some publishers for news content
Google has developed a licensing initiative that will see the internet giant pay participating publishers for high quality news content, while helping them build stronger relationships with readers. -
Cannes Lions names brand marketers of the decade
FMCG giant Procter & Gamble, sportswear firm Nike and automaker Volkswagen have been named the top three brand marketers of the decade by Cannes Lions, in recognition of the world’s largest advertiser’s sustained creative performance. -
Beyond Lemon: understanding the mainstream
Orlando Wood’s Lemon offers an insight into why advertising effectiveness has declined but the reasons go much deeper than the challenge of execution, new research claims: marketers and advertisers simply see the world differently from other... -
APAC leads emotional engagement for COVID-19 campaigns
Google Japan’s Thank You campaign has been ranked the most emotionally engaging coronavirus campaign in the world, according to analysis by Unruly. -
Ad industry needs accountability on diversity problems
The ad industry must go beyond recognising systemic inequality and a lack of diversity by committing to, and publishing, measures that encourage public accountability, according to Steve Stoute, founder/CEO of creative agency Translation and...
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