(Bloomberg) -- After the virus, financial markets will never be quite the same again.Public officials have raced to put a floor under the stricken world economy in an intervention so far-reaching it’ll transform the very core of capitalism itself for years to come.A long list of measures that would have looked extraordinary just a few weeks ago has been deployed as central bankers offered loans to an unprecedented range of borrowers and finance ministers said they would shoulder the cost of business payrolls.Airlines, oil-drillers and other troubled industries are in line for bailouts, while banks are being browbeaten to stop paying out dividends. There’s even open talk of the two arms of economic policy uniting to monetize public debt.The purpose of the multi-trillion dollar, wartime-scale mobilization is to stop a recession turning into depression. But it’s also likely to change the dynamic of industries and markets as prices that were once...
At the Berkshire Hathaway annual meeting, legendary investor Warren Buffett explained why even though the U.S. is borrowing record sums, there is zero chance of a government default on its obligations....
Did tech stocks just save the day? Just when it looked like the market’s losing streak was set to continue, several tech names stepped up to the plate and led Wall Street to a small victory this week. As investors praise the efforts to reopen many major economies, U.S. stocks and oil prices ticked up.Does all of this mean market watchers should start snapping up tech stocks immediately? Not necessarily. Wall Street pros remind investors that while the industry does in fact house names with strong long-term growth narratives, not all tech stocks are bound for greatness.This is the stance taken by Rosenblatt analyst Yun Kim. The five-star analyst recently kicked off his coverage of two major tech players by putting Sell ratings on each, noting he isn’t convinced that either stock will take off on an upward growth trajectory even after IT spending resumes.Bearing this in mind, we used TipRanks’...
Lack of available testing and growing worries over the country’s food supply injected new levels of uncertainty into the U.S.'s effort to manage the coronavirus' fallout....
