Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market’s valuation being too high. “If you look at the overall market … we’re trading around 17 times the consensus on bottom-up earnings for 2021, which is about the average for the last five years,” Miller
Maybe your job won’t come back. Your industry might be completely transformed. You might be homeschooling for longer than you imagined. Welcome to trying to get off the ground during the age of coronavirus. Nichole Young, 34, was in the final stages in March of interviewing with a company that paused on new hires. The
Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P
U.S. President Donald Trump speaks during a press briefing in the Rose Garden of the White House in Washington, D.C., on Monday, May 11, 2020. Oliver Contreras | Sipa | Bloomberg via Getty Images President Donald Trump pointed the finger at wealthy investors for supposedly manipulating the stock market by making strong statements. In a
A lot of Americans carry a balance on their credit card: 59% of card holders, or 110 million adults, had credit card debt before the coronavirus pandemic, a 2020 CreditCards.com survey finds. But if you have the means to pay down your balance, it’s better to do it sooner rather than later, said legendary investor
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America. The sharp economic
Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing said Tuesday that customers canceled 108 more orders for 737 Max jetliners in April, further whittling down the company’s backlog of planes as it faces the devastating impact
The historic consumer price drop in April may be more than a temporary setback. Michael Gapen, Barclays’ head of US economics research, warns widespread job losses due to the coronavirus pandemic is radically changing Americans’ spending habits. He suggests the damage will last years. “Whether this is a permanent shift will in part depend on
In the months since the novel coronavirus started spreading across the world, Bill Gates has been one of the most outspoken public figures with regards to the global response to the pandemic. However, Gates says he wishes he had “done more” to warn the world about the potential dangers of a global pandemic before coronavirus
In the massive legislative package House Democrats unveiled on Tuesday to inject more relief into an economy battered by the coronavirus, unemployed Americans would get an extra $600 a week through the end of the year. In the stimulus bill Congress passed in March, many jobless Americans became eligible for that weekly payment on top