Tales of out-of-work 20 and 30-somethings using coronavirus-stimulus checks to scoop up stocks on Wall Street with reckless abandon are emerging fast and furiously, but the reasons behind the recent fervor for investing is, perhaps, far simpler. See full story.
Bankrupt Hertz gets approval to sell up to $1 billion in stock — but experts expect equity to be wiped out
The market dislocation wrought by the coronavirus pandemic has a new poster child in Hertz Global Holdings Inc., which has granted approval late Friday by a court to sell stocks amid a bankruptcy filing. See full story.
Asymptomatic transmission of coronavirus appears to be worse than SARS or influenza — 5 reasons you should care
Asymptomatic transmission ‘is the Achilles’ heel of COVID-19 pandemic control, one study says. See full story.
The new tech hubs: With more employees working from home, companies could diversify workforces
A confluence of factors tied to COVID-19, the thriving work-from-home economy, and social protests could be accelerating momentum in Atlanta and other destinations far from Silicon Valley. The events have put a spotlight squarely on the hiring patterns of U.S. corporations during a slice of time when the physical location of prospective employees isn’t crucial, and when most organizations are actively supporting social causes with donations, pledges of support, and vows to do more on diversity and inclusion. See full story.
Low-information ‘investors’ rule the stock market — at least until they lose every cent
Robinhood and day-trading newbies already are getting their comeuppance. See full story.
Guests will be required to make reservations in advance, and they’ll have temperature screenings before entering the parks. See full story.
Published at Sat, 13 Jun 2020 16:00:08 +0000-NewsWatch: It’s like the Wild West in the stock market with the ‘get-rich-crowd’ vs Wall St. pros — but it’s too easy to blame retail investors for ‘rampant speculation’