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Apple Inc. brushed off the COVID-19 crisis to report record June-quarter results that came in ahead of expectations, and the company said in plans to split its stock in an attempt to make it “more accessible to a broader base of investors.” See full story.
Amazon promised to spend all its profit amid pandemic, but ended up with record earnings instead
Amazon.com Inc. Chief Executive Jeff Bezos promised to spend all the additional profits his company made from a huge boost in sales related to the COVID-19 pandemic, but he didn’t expect sales to grow as fast as they did. See full story.
Dr. Osterholm: Americans will be living with the coronavirus for decades
On Jan. 20, just nine days after Chinese health authorities published the DNA sequence for a new coronavirus that was causing concern in China, Dr. Michael Osterholm, an epidemiologist at the University of Minnesota, wrote in an email: “I’m certain this will cause our next pandemic.” See full story.
The Fed treats investors like ‘foolish children’ by propping up stocks despite ‘dreadful fundamentals,’ hedge-fund heavy Seth Klarman says
“Surreal doesn’t even begin to describe this moment,” the Baupost fund manager said, adding that investor “psychology is surprisingly ebullient even though business fundamentals are often dreadful.” See full story.
5 stocks that should thrive as the digital payments trend ramps up
Gert van der Geer of Pictet Asset Management focuses on 12 long-term global trends. See full story.
MARKETWATCH PERSONAL FINANCE
Thursday’s Personal Finance Stories. See full story.
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