It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest-hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity […]

Investors should pay close attention to how the accumulation of greenbacks in money-market funds changes in the coming weeks. That’s the advice from Hans Mikkelsen, who says the immense uncertainty around the COVID-19 pandemic has led businesses and households to seek shelter in cash. To prepare for the possibility that […]

The United States Department of Justice has reportedly issued grand jury subpoenas to big banks seeking information on how they distributed emergency coronavirus funds that were intended to keep small businesses only. Reuters reported that the move was “part of a broader investigation into potential abuse” of the $660 billion […]

Duke professor Harvey says coronavirus vaccine will end U.S. downturn and the positive yield curve is an upbeat sign. Last summer, when the U.S. had just notched a decade of economic recovery and unemployment stood at 3.7%, Campbell Harvey, a professor of finance at the Fuqua School of Business at […]

The New York Stock Exchange will reopen its trading floor to “a subset” of floor brokers on May 26, with new safety measures, announced Stacey Cunningham, the exchange’s president, in a guest column in The Wall Street Journal published Thursday afternoon. The NYSE has been limited to electronic trading since closing the […]

U.S. stock benchmarks closed sharply lower Wednesday as Wall Street digested a grim near-term economic outlook from Federal Reserve Chairman Jerome Powell and as state and federal officials attempt to restart businesses from a coronavirus-induced lockdown. “The scope and speed of this downturn are without modern precedent, significantly worse than […]

That’s CNBC host Jim Cramer putting his support behind Elon Musk and his controversial move to reopen Tesla’s TSLA, -0.23% manufacturing plant in Northern California despite county orders. “There are people who think he’s the greatest, and people who think that he’s willing to sacrifice people on the altar of profit,” Cramer continued. […]

Corporate insiders may have turned bullish about the U.S. market but their enthusiasm for their own company’s stock didn’t last long. During the market’s lows back in March, insiders were aggressively taking advantage of the cheaper prices at which their companies’ shares were trading. But in the wake of the market’s […]

Main Street thinks Wall Street is crazy. Wall Street thinks Main Street is going to be relatively OK. That’s the apparent message after the Dow Jones Industrial Average jumped more than 400 points Friday and stocks continued a torrid rebound despite data that the U.S. economy shed more than 20 […]

U.S. stock benchmarks closed in positive territory Thursday, finishing off their best levels with energy and financials powering the day’s moves. A rally in the technology-related Nasdaq helped to drive the index undoing its coronavirus-induced selloff of the past two months. Although there was another turbulent finish for major benchmarks […]