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(Bloomberg) -- Georgia Governor Brian Kemp’s edict expressly voiding coronavirus mask orders by local governments capped a week of turmoil in a state once touted as proof that reopening in a pandemic could work.For six weeks, Georgia had been a model, especially for those eager to end shutdowns. Among the last U.S. states to lock down, Georgia in April was first to widely reopen, after just three weeks. Critics said the state misrepresented its data to justify the move, and they predicted disaster.It didn’t happen: Covid-19 case numbers bumped along, neither rising nor falling significantly. Pandemic skeptics crowed.That ended last month.Although still lagging behind Florida, Texas, Arizona and California, Georgia’s Covid-19 cases are surging. As of Thursday, the state’s seven-day rolling average of newly reported cases was 3,507 -- quadruple its April pre-shutdown peak. Last week, Georgia joined states whose citizens have to quarantine if they visit the Northeast or Chicago....
One of the relics of the global financial crisis is that the notion of long-term stocks was dead. Back then, many experts said investors needed to become more nimble going forward or risk being exposed when the next crisis hit.Thing is from the March 10, 2009, market bottom through July 10, 2020, the SPDR S&P 500 ETF (NYSEARCA:SPY) jumped 456%. That time frame certainly qualifies as "long term" and includes an array of pitfalls for riskier assets. These include the European sovereign debt crisis, the taper tantrum, a trade war with China and the March 2020 slide at the hands of the novel coronavirus.That SPY performance is proof positive long-term investing isn't, but what does change over time are the names that qualify as the best long-term stocks. I'm going to use Coca-Cola (NYSE:KO). For generations, the world's largest soft drink maker would have qualified as a great "set it and...
A look at the shareholders of CTI BioPharma Corp. (NASDAQ:CTIC) can tell us which group is most powerful. Institutions......
Another earnings season has arrived, and this time the bar is set seriously low. The upcoming reports will shed some light on the extent of the damage inflicted by COVID-19. Expectations are low, and while there’s plenty of room for disappointments, Oppenheimer’s Chief Investment Strategist John Stoltzfus believes that there’s also an opportunity for some upside.“COVID-19 resurgences notwithstanding the equity markets stateside have thus far shown persistent resilience that continues to confound bears and skeptics. It could be that their memory is lacking when it comes to previous recoveries from market events that have led us to the proverbial brink only to have the resilience of the of the U.S. economy save the day,” Stoltzfus commented.Putting the S&P 500’s rebound from its March 23 low into context, the index has clawed its way back, giving the strategist hope that the unprecedented levels of stimulus will get the market out of the...
It's shaping up to be a tough period for Wells Fargo & Company (NYSE:WFC), which a week ago released some......
Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss Netflix's second-quarter earnings report....
