KNIVES OUTAs expected, President Trump fired off an executive order on Thursday that takes aim at what he calls the"unchecked power" of social platforms, particularly Twitter, his preferred megaphone.
On Thursday we learned that 1 in 4 American workers have filed for unemployment benefits during the pandemic.At the same time, gross domestic product, the broadest measure of the US economy, shrank at a rate we haven't seen since the worst of the 2008 financial crisis. Bankruptcies and layoffs are piling up. To call the status on Main Street grim would be a massive understatement.
Tough break, Carl. With all the bankruptcy headlines in the news, you might find yourself wondering whether now's the time to go bargain shopping for stocks and pray that those companies can emerge like phoenixes from the ashes of Chapter 11. Who doesn't love a good bargain? And who wouldn't love to get rich off a good comeback story? I wish it were that easy, but my colleague Paul R. La Monica explains why it's incredibly risky to bet on these corporate zombies.
This is our life now.At the start of this quarantine, those of us who were able to stay home couldn't help Instagramming our homemade sourdoughs and hand-churned butter. We all became contestants in our very own reality cooking show called"Your Fridge is Overflowing With Corona-Panic Perishables."But Americans' pantry stocks have dwindled. Our excitement about phrases like"let it prove" and"feed the starter" has fallen flatter than my failed focaccia.
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