NewsWatch: Stock market looks like ‘hapless Wile E. Coyote, running off the edge of a cliff,’ says behavioral economist

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MARKETWATCH FRONT PAGE

Although the rally by arguably the most important stock-market benchmark in the world has stalled out, its proximity to an all-time closing peak has made a number of investors uneasy to say the least. See full story.

Did Warren Buffett just bet against the U.S. economy? His latest investment raises some questions

Warren Buffett has long been critical of gold as an investment, saying it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote that “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet. Is he having a change of heart? See full story.

Companies are weighing stock splits after Tesla and Apple’s announcement, expert says

After Tesla and Apple Inc.–behemoths of Wall Street by dint of their popularity among investors and their outsize valuations, announced plans to split their shares within weeks of each another–there has been a growing buzz that more companies with triple and quadruple-digit share prices will follow in their footsteps. See full story.

Democrats to open convention like no other as Biden’s big party goes virtual

Forget the balloon-drops, backslapping and cheering crowds: this year’s Democratic National Convention, beginning Monday, will be an almost entirely virtual event, as the party faithful gather around computer screens and TVs to celebrate Joe Biden as their presidential nominee. See full story.

Fauci: Fox News’s Tucker Carlson ‘triggers some of the crazies’

The top infectious disease expert in the United States talks about recent criticism he’s faced from Fox News host Tucker Carlson, who has called him “the chief buffoon of the professional class,” and a “total fraud,” among other things. See full story.

MARKETWATCH PERSONAL FINANCE

‘Whether or not a vaccine is around the corner, alternative medicines have sprouted like mushrooms after rain, claiming to build immunity against COVID-19,’ writes Sadagopa Iyengar, an author and retired banker. See full story.

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