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Coronavirus exposes EU’s creeping irrelevance

Covid-19 was only just arriving from Asia when the European Commission, with the technocratic equivalent of fanfare, announced a “Conference on the Future of Europe,” to be kicked off in May. Now, of course, the various seminars, committees and working groups are in lockdown limbo. And the conference title suddenly seems exceptionally ill-chosen. For it raises the question: Does the ...

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Stocks are overvalued, virus may cause ‘downdrafts’: Icahn

Bloomberg Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful,” Icahn said in an interview on Bloomberg Television. From his home on Miami’s Biscayne Bay, the billionaire investor has surveyed the damage to stock prices — and to ...

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E-commerce stocks soar with pandemic gains seen as long-lasting

Bloomberg E-commerce companies have emerged as a favourite play on Wall Street during the coronavirus pandemic, amid a growing consensus that upcoming results will reveal a potentially permanent shift in consumer behaviour towards online shopping. While online sales have long been growing their market share as a percentage of overall retail spending, the trend has been accelerated as shutdowns force ...

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