This post was originally published on this site
MARKETWATCH FRONT PAGE
An economic-depression scenario could cost the world economy $82 trillion in lost output. See full story.
Dow slips as stock-market investors watch Powell, Mnuchin testify
U.S. stocks trade on either side of unchanged, following the best day for the S&P 500 index and the Dow since early April. Wall Street is watching congressional testimony from Federal Reserve chair Jerome Powell and Treasury Secretary Steven Mnuchin. See full story.
After Trump says he’s taking hydroxychloroquine, many sound alarm over the malaria drug’s documented risks
President Donald Trump stunned many Monday by saying he’s been taking the anti-malaria drug hydroxychloroquine to prevent COVID-19, even though there’s no scientific evidence that it treats the coronavirus, much less prevents it. See full story.
Moderna’s stock closes at record high after ‘compelling’ early data for its coronavirus vaccine candidate
The people who were given Moderna Inc.’s coronavirus vaccine candidate in a Phase 1 clinical trial developed neutralizing antibodies, a promising finding that has propelled the vaccine into the next phase of clinical testing. See full story.
Suze Orman says she made a ‘serious sum’ buying the coronavirus crash — now she’s warning of another drop
The celebrity financial adviser explained to the New York Times that she loaded up on a “huge number” of stocks in February and March and unloaded most of them for some big profits. Now, she’s preparing for the stock market to get ugly again, in part because of her view that the government has bungled the coronavirus response. See full story.
MARKETWATCH PERSONAL FINANCE
‘With COVID, and the trepidation with travel, people are taking that money and investing it in a backyard pool,’ says the head of an aquatics industry trade group. See full story.
