Stock market looks like ‘hapless Wile E. Coyote, running off the edge of a cliff,’ says behavioral economist
By Sat, Aug 15, 2020
Although the rally by arguably the most important stock-market benchmark in the world has stalled out, its proximity to an all-time closing peak has made a number of investors uneasy to say the least. See full story.
Companies are weighing stock splits after Tesla and Apple’s announcement, expert says
After Tesla and Apple Inc.–behemoths of Wall Street by dint of their popularity among investors and their outsize valuations, announced plans to split their shares within weeks of each another–there has been a growing buzz that more companies with triple and quadruple-digit share prices will follow in their footsteps. See full story.
California Uber rides could come to a stop, but Uber Eats still has a green light
Many ride-hailing drivers in the state have turned to delivery work, so an Uber and Lyft shutdown over worker classification could help reduce the impact on them. See full story.
CDC director warns America is in for the ‘worst fall … we’ve ever had’
The coronavirus isn’t the only public health crisis looming this autumn. See full story.
In Battle Royale against Apple, Spotify and Match Group throw support behind ‘Fortnite’-developer Epic Games
“Fortnite” creator Epic Games is geared up for a fight against Big Tech, and it is winning the support of other prominent app developers in the process. See full story.
MARKETWATCH PERSONAL FINANCE
The infectious-disease expert said, ‘To think that you can ignore the biologic and get the economy back, it’s not going to happen. You have got to do both.’ See full story.
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