‘It’s smart to ‘follow the smart money’ on Wall Street: Miller Tabak Strategist

When Wall Street bigwigs say the market is overvalued — it’s time to “follow the smart money”, says Matt Maley, chief market strategist at Miller Tabak. On Wednesday billionaire investor David Tepper said this was the second most overvalued market he’d seen outside of the 1999 bubble. The day before, hedge fund manager Stan Druckenmiller […]

Stock futures little changed after rally

Stock futures opened little changed after a whipsaw session on Thursday, as investors continued to weigh new economic data and earnings results against hopes of a speedy economic reopening. By the end of the regular session earlier in the day, stocks ended sharply...

McDonald’s to end public soda fountains due to coronavirus pandemic

The new normal in a post-coronavirus world may come without a beloved American institution, the self-service soda machine.  At least for the 14,000 McDonald’s (MCD) restaurants In the country. In a long memo reported by the Wall Street Journal, McDonald’s is...

Drive-in theater sees surge in sales as restrictions roll back

You can still travel on the road to recovery by leaving your car in park. The Warwick Drive-In, has been operating in Warwick, N.Y., since 1950. At the time, roughly 4,00 drive-ins operated across America. Now, there are more than 300 left, and some of them are...