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 ...

Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror? It is likely to be lower than it was in 2019, and it could be that way for many years. That’s going to create overcapacity throughout the oil supply chain and weigh on prices. While signs are emerging that we ...

The US government has spent $2.6 trillion to support the economy as the coronavirus pandemic spreads, and the Federal Reserve has about matched that amount in asset purchases. We’re not finished fighting Covid-19, so protecting the economy in 2020 may be the most expensive thing the US has ever attempted. Consider that the US spent about $4 trillion in today’s ...