Bob Lutz in 2018 said Tesla was “headed for the graveyard.” Then, earlier this year, he described Tesla’s rally as “almost a mass psychosis” when the stock was trading at about half where it is right now. He’s still not quite on board. See full story.
Stick to Apple and Microsoft, at least for now, says this fund manager
Our call of the day zeros on three big tech stocks that a Boston Private fund manager says are still delivering the goods for investors. See full story.
USA Today says Peter Navarro’s op-ed criticizing Anthony Fauci was ‘misleading’ and did not meet ‘fact-checking standards’
USA Today published an op-ed by White House trade adviser Peter Navarro. Anthony Fauci responded: ‘It doesn’t do anything but reflect poorly on them. I cannot figure out in my wildest dreams why they would want to do that’ See full story.
Jobless claims hit post-pandemic low of 1.3 million, but layoffs could resurge as states impose business restrictions
Initial jobless claims fell slightly in the second week of July to a post-pandemic low of 1.30 million, but the grudgingly small decline points to ongoing stress in the labor market as the economy struggles to cope with the latest coronavirus outbreak See full story.
Netflix pulled off a showstopper early in the pandemic, but will the sequel deserve the price?
The runaway success of streaming services during the pandemic leads to the invariable entertainment-tinged question: What does Netflix do for an encore? See full story.