Federal Reserve Chairman Jerome “Jay” Powell calls it the “announcement effect.” When financial markets were buckling in March because of terror about the emerging pandemic, the Fed’s simple pledge that it would use its “full range of authorities” to maintain the flow of credit was enough to restore order. The Fed’s success is a lesson in how the credibility and ...

It’s what we all needed to hear: “Nothing can stop America” — Warren Buffett’s way of saying, “We will get through this.” Saturday evenings aren’t normally the ideal time for tuning into a multi-hour investor conference, especially after being cooped up all week working from home due to the Covid-19 pandemic. But mere minutes into the live-streamed Berkshire Hathaway Inc ...

Almost every scam is a little bit funny, even when linked to the deadly serious coronavirus. Consider BuzzFeed’s latest installment in the genre: The site reported that Yaron Oren-Pines, an electrical engineer in Silicon Valley, managed to make millions of dollars selling ventilators he apparently never had and never could supply. Three days — three days! — after he tweeted ...