Mark Twain once said, “History does not repeat itself, but often rhymes.” Ed Yardeni, chief investment strategist at Yardeni Research, applies those words to what, for most observers, should feel like a unique climate for playing the market these days. But that is not necessarily the case, according to Yardeni. …
Read More »Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for the last three decades and an expert on pandemics for the last four decades, has been waiting for recent news that Russia has developed a vaccine, and is ready to start inoculating people with it. “We have …
Read More »
Off-price retailer Stein Mart Inc. announced bankruptcy on Tuesday amid rising off-price pressures, a retail category that grew for COVID-19. To be sure, Stein Mart SMRT, -37.89% , like many other retailers that have submitted Chapter 11, face challenges even before the coronavirus pandemic. Fiscal losses for 2019 totaled 22 …
Read More »
Cisco Systems Inc. reported financial results that were largely in line with the Wall Street estimate, but another revenue decline and accompanying soft income battled the stock in trading after hours Wednesday. The company also announced the retirement of longtime Chief Financial Officer Kelly Kramer, once a successor is found. …
Read More »
Here is another cloud on the horizon for e-cigarette companies. A new Stanford study links vaping to a “substantially increased risk” of COVID-19 in teens and young adults. The nationwide sample of more than 4,000 participants conducted in May found that people who were armed were five to seven times …
Read More »