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News Editor Kamyar Alexander Katiraie

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News Editor Kamyar Alexander Katiraie

News Search Engine Technology Kamyar Alexander Katiraie


Key Words: aThe market isnat pricing in an all-clear on the economy,a say BofA analysts, who say the S&P 500 will end the year at 2900
Date: Wed, 08 Jul 2020 21:53:01 GMT
From marketwatch.com
BofA head of equity research Savita Subramanian calls herself not a bear, yet she sees mostly risks to the downside for markets.


: Chinaas infamous college entrance exam is being taken this week amid epidemic controls and testing scandals
Date: Wed, 08 Jul 2020 21:52:00 GMT
From marketwatch.com
This year numerous issues are disrupting the administration of an annual test determining students' university prospects.


Personal Finance Daily: Watch for these red flags with the IRS when loaning money to family and Fauci says Americans must do 3 things to beat COVID-19
Date: Wed, 08 Jul 2020 21:28:10 GMT
From marketwatch.com
Wednesday's top personal finance stories


Dispatches from a Pandemic: Letter from New York: For these Italians in the U.S., the threat of COVID-19 struck twice
Date: Wed, 08 Jul 2020 21:08:03 GMT
From marketwatch.com
aIt was easy to recognize people from Italy on New York Cityas streets in early March a they were the ones who already wore masks, used gloves and practiced social distancing because they acknowledged the crisis that was coming.a


Dispatches from a Pandemic: aIf I tell people about what happened, I honor my ancestors.a How the pandemic is helping a slavery historian develop a K-12 lesson plan on African-American history
Date: Wed, 08 Jul 2020 21:07:49 GMT
From marketwatch.com
Non-academic historians step in to preserve stories that would otherwise be lost.


The Supreme Court gave abortion-rights supporters a win, but those on both sides of the debate say the battle is far from over
Date: Wed, 08 Jul 2020 21:07:36 GMT
From marketwatch.com
Those opposed to abortion see other victories ahead in their work to reduce access to the service.


Tax Guy: Loaning money to a family member? Donat raise these red flags with the IRS
Date: Wed, 08 Jul 2020 21:07:19 GMT
From marketwatch.com
Weird and unwanted tax complications can arise when you make a below-market loan to a family member.


Over 500,000 businesses got PPP loans but are listed as retaining zero jobs, Treasury Department data show
Date: Wed, 08 Jul 2020 21:04:37 GMT
From marketwatch.com
Missing jobs data on Paycheck Protection Program loan recipients will make accountability a challenge, experts say.


Key Words: aNow weare seeing the consequence of community spreada: Fauci says Americans must do 3 things to beat COVID-19
Date: Wed, 08 Jul 2020 21:01:56 GMT
From marketwatch.com
aWhat we saw were a lot of people who maybe felt that because they think they are invulnerable,a says Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.


NewsWatch: Diversify? Almost half of Warren Buffettas Berkshire Hathaway portfolio is now composed of a single stock
Date: Wed, 08 Jul 2020 21:00:09 GMT
From marketwatch.com
Warren Buffett once said that adiversification is protection against ignorance. It makes little sense if you know what you are doing.a The takeaway: Load up on what you know. Even if itas a tech stock, apparently.


Bed Bath & Beyond stock drops 6% on wider-than-expected loss
Date: Wed, 08 Jul 2020 20:37:02 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


U.S. COVID-19 case tally tops 3 million
Date: Wed, 08 Jul 2020 19:28:50 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


U.S. consumer credit falls 5.3% in May, Fed says
Date: Wed, 08 Jul 2020 19:01:19 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


H.E.R.C. Products upgraded to buy from neutral at BofA Securities
Date: Wed, 08 Jul 2020 18:38:39 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Caterpillar upgraded to neutral from underperform at BofA Securities
Date: Wed, 08 Jul 2020 18:38:15 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


August WTI oil gains 28 cents, or 0.7%, to settle at $40.90/bbl
Date: Wed, 08 Jul 2020 18:36:52 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


August gold climbs $10.70, or 0.6%, to settle at $1,820.60/oz
Date: Wed, 08 Jul 2020 17:36:33 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


S&P 500 and Dow turns negative as stocks pare gains
Date: Wed, 08 Jul 2020 15:20:27 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Brainstorm Cell Therapeutics stock price target raised to $20 from $9 at Maxim Group
Date: Wed, 08 Jul 2020 15:15:32 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Wells Fargo started at neutral at Seaport Global
Date: Wed, 08 Jul 2020 14:58:46 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Nvidia surpasses Intel as largest U.S. chip maker by market cap
Date: Wed, 08 Jul 2020 21:23:54 GMT
From feeds.marketwatch

Nvidia Corp. surpassed Intel Corp. as the largest U.S. chip maker by market cap for the first time on Wednesday. Nvidia shares closed up 3.5% at $408.64, giving it a market cap of $251.31 billion, while Intel shares finished up 0.5% at $58.61, giving it a market cap of $248.16 billion, according to FactSet data. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX Semiconductor Index , a 17% gain in the tech-heavy Nasdaq Composite Index , and a 1.9% decline in the S&P 500 index . While it is not the first time a U.S. chip maker has surpassed Intel in market cap, it is the first time for Nvidia. Back in 1999 and 2000, Texas Instruments Inc. surpassed Intel in cap a few times, and between late 2012 and mid-2014 Qualcomm Inc. and Intel often jockeyed for the No. 1 position, according to Dow Jones data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



SAP says business conditions are improving; reaffirms previous 2020 guidance
Date: Wed, 08 Jul 2020 21:10:25 GMT
From feeds.marketwatch

SAP shares jumped 5% in after-hours trading Wednesday after the software giant said business activity "gradually improved" in its second quarter, based on preliminary results for the period ended June 30. The Germany-based company reported software licenses revenue, while still below normal levels, recovered more than expected. The company reiterated its 2020 financial outlook, previously published April 21, of revenue between a!27.8 billion and a!28.5 billion. During Q2, SAP said revenue grew 2% year over year to a!6.74 billion, led by a 21% improvement in cloud-related sales. SAP said second-quarter software licenses revenue was down 18% year over year, but a marked improvement from the first quarter.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Bed Bath & Beyond plans to close 20% of stores, stock falls on wider-than-expected loss
Date: Wed, 08 Jul 2020 21:09:22 GMT
From feeds.marketwatch

Bed Bath & Beyond Inc. shares fell in the extended session Wednesday after the housewares retailer reported a wider-than-expected loss for the quarter and said it planned on trimming its store locations by about 20%. Bed Bath & Beyond shares fell 6% after hours, following a 1.6% rise in the regular session to close at $10.41. The company said it plans to close about 200 Bed Bath & Beyond stores over the next two years to help save about $250 million to $350 million a year. Bed Bath & Beyond said it has 955 stores in North America. The company reported a fiscal first-quarter loss of $302.3 million, or $2.44 a share, compared with a loss of $371.1 million, or $2.91 a share, in the year-ago period. The adjusted loss was $1.96 a share. Revenue declined to $1.31 billion from $2.57 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $1.27 a share on revenue of $1.39 billion. Bed Bath & Beyond said it was not providing an outlook for the year because of COVID-19 disruptions while analysts expect a loss of $2.06 a share on revenue of $9.02 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



PTC stock gains after release of preliminary earnings info
Date: Wed, 08 Jul 2020 21:03:19 GMT
From feeds.marketwatch

Software company PTC Inc.'s shares rose in after-hours trading Wednesday after the company released some preliminary earnings information. PTC announced that executives now expect fiscal third-quarter results to show a 9% gain in annual recurring revenue, and "double-digit revenue and free cash flow year-over-year growth." Analysts had been expecting annual recurring revenue to increase about 7.4%, and revenue to increase about 12.5%, according to FactSet. Shares gained more than 3% in extended trading immediately following the announcement, after closing the regular session with a 2.5% gain at $78.50. The company expects to reveal full results on July 29.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Kitchenware retailer Sur La Table files for bankruptcy
Date: Wed, 08 Jul 2020 20:56:01 GMT
From feeds.marketwatch

Sur La Table has filed for bankruptcy and arranged for an eventual sale, the privately held cookware retailer said late Wednesday. The company has secured financing to complete the bankruptcy process and is weighing in the sale of its Sur La Table retail stores after it resizes its footprint and closes certain stores "to prosper in the current retail environment," Sur La Table said. The company has arranged a "stalking horse" bid with affiliates of Fortress Investment Group, which in turn is working with STORY3 Capital Partners, to bring "capital and deep consumer expertise" to revive the company. "This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment," Chief Executive Jason Goldberger said in the statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Costco June sales rise 11% to $16 billion
Date: Wed, 08 Jul 2020 20:34:18 GMT
From feeds.marketwatch

Costco Wholesale Corp. said Wednesday its June sales rose 11% to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12%, including an 11% increase in U.S. same-store sales. E-commerce sales increased 86%, the company said. Costco sales in May rose 7.5% and online sales jumped 106% that month. Costco has reported strong e-commerce sales this year but at its last quarterly report in April the company said the online sales hadn't made up for the drop in foot traffic at the stores and other businesses such as optical, food court, and travel due to the stay-at-home orders, social-distancing restrictions and closures related to the coronavirus pandemic. Costco is slated to report fiscal fourth-quarter results sometime in September, with quarterly sales seen around $50 billion, according to FactSet. Shares of Costco rose nearly 1% in the extended session after ending the regular trading day up less than 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Facebook takes down pages, accounts linked to Roger Stone, three other groups
Date: Wed, 08 Jul 2020 20:31:40 GMT
From feeds.marketwatch

Facebook Inc. shares rose 1% Wednesday after it announced the digital takedown of pages and accounts linked to President Trump's longtime adviser Roger Stone and Proud Boys, a far-right group Facebook has banned under its hate policies. The social-networking giant also said it removed accounts tied to employees of the family of Brazilian President Jair Bolsonaro and two other networks connected to domestic political operations in Ecuador and Ukraine. The material linked to Stone, who is scheduled to report to jail next week for witness tampering and lying to Congress, included 54 Facebook accounts and 50 pages. The pages included hacked materials released by Wikileaks ahead of the 2016 presidential election. Facebook removed the content of the four groups as it faces withering pressure from civil rights advocates and hundreds of advertisers for hateful and divisive messages on its platform.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Zig-Zag parent company reports record sales during pandemic
Date: Wed, 08 Jul 2020 20:25:51 GMT
From feeds.marketwatch

Turning Point Brands Inc. , which makes Zig-Zag rolling papers and other smoking-related products, announced Wednesday afternoon that it expects to report record revenue for the just-completed quarter. In conjunction with the announcement of a public offering of 2 million shares from investors, the company revealed that it expects second-quarter revenue to top $100 million, a level the company has never previously reached for a quarter. The total is well ahead of the company's stated expectations of $81 million to $87 million as well as the average analyst estimate of $85 million, according to FactSet. "In the Smoking segment, sales benefitted from increased consumption, new product penetration and recently implemented growth initiatives which offset the COVID-related supply chain disruption experienced in the MYO cigar wraps business," the company disclosed in its announcement. Shares increased more than 10% in after-hours trading immediately following the announcement, after closing with an 8.4% gain at $26.46. The stock has declined 7.5% so far this year, as the S&P 500 index has dropped 2.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Alibaba rallies on report of plans of Ant Financial IPO
Date: Wed, 08 Jul 2020 20:14:17 GMT
From feeds.marketwatch

U.S. traded shares of Alibaba Group Holding Ltd. rallied Wednesday following a report that the Chinese e-commerce giant plans an initial public offering for Ant Financial Services Group. American depositary receipts of Alibaba surged as high as $258.49 Wednesday and closed up 9% at $257.68. On Tuesday, Reuters reported that Alibaba was seeking a Hong Kong IPO for Ant that would value the fintech segment at more than $200 billion. Reuters also reported, however, that Ant said information about its IPO plans was incorrect while Alibaba had yet to respond for a comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Stocks end higher, with tech leading gains
Date: Wed, 08 Jul 2020 20:06:56 GMT
From feeds.marketwatch

Stocks ended on a strong note Wednesday after spending much of the session hovering near unchanged, with tech shares leading the way higher. The Dow Jones Industrial Average rose around 178 points, or 0.7%, to finish near 26,068, according to preliminary figures, while the S&P 500 advanced around 25 points, or 0.8%, to end near 3,170. The tech-heavy Nasdaq Composite rose nearly 149 points, or 1.4%, finishing near 10,493.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



U.S. coronavirus case tally tops 3 million
Date: Wed, 08 Jul 2020 19:37:11 GMT
From feeds.marketwatch

The U.S. coronavirus case tally topped 3 million on Wednesday, a day after the U.S. counted a record number of new cases of the deadly illness COVID-19 in a single day, in the latest sign that the virus is far from contained. The death toll rose to 131,857, the largest in the world, according to data aggregated by Johns Hopkins University. There are now 11.9 million confirmed cases of the illness worldwide, and at least 545,728 people have died. The U.S. counted 60,000 new cases of COVID-19 on Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Former Fox News anchor Shepard Smith is joining CNBC
Date: Wed, 08 Jul 2020 19:05:55 GMT
From feeds.marketwatch

Former Fox News anchor Shepard Smith is joining CNBC to anchor a one-hour evening news show that will air weekdays starting in the fall, CNBC said Wednesday. The journalist will assume the new roles of CNBC's chief general news anchor and chief breaking general news anchor, as well as executive editor of "The News with Shepard Smith," the title of his weekday show. Smith comes to the role after 23 years at Fox, where he most recently served as chief news anchor of the network and managing editor of breaking news. Shares of CNBC parent, Comcast Corp. , were down 1.1% and have fallen 12% in the year to date, while the S&P 500 has fallen 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Walmart is seeking licensed Medicare agents for a new health insurance company
Date: Wed, 08 Jul 2020 18:57:08 GMT
From feeds.marketwatch

Walmart Inc. revealed Wednesday that it has set up a health insurance company and is looking to hire licensed insurance professionals. In a posting on the company's Careers page on its website, the retailer said it has set up Walmart Insurance Services LLC and is looking to hire several Medicare Insurance Agents to begin the first week of August. "You will be responsible for helping the Medicare community in a meaningful way, by enrolling customers in Medicare products and services over the phone," the posting says. Walmart has had s health centers at its stores since 2019. The stock was down 1.3% Wednesday, but has gained 5.4% in the year to date, while the Dow Jones Industrial Average has fallen 9% and the S&P 500 has fallen 2.6%. Digital health insurer Lemonade Inc. , which went public last week, was down 12%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Gilead's stock drops as it starts early-stage trial for inhaled remdesivir
Date: Wed, 08 Jul 2020 18:49:49 GMT
From feeds.marketwatch

Shares of Gilead Sciences Inc. fell 1.4% in trading on Wednesday after the drugmaker said it started a Phase 1a clinical study testing an inhaled version of its experimental COVID-19 drug remdesivir. The Food and Drug Administration in May granted an emergency use authorization to an intravenous form of remdesivir as a treatment for some severely ill COVID-19 patients. Gilead first announced plans in June for the new randomized, placebo-controlled clinical trial, which has enrolled 60 healthy adults. "Delivering remdesivir directly to the primary site of infection with a nebulized, inhaled solution may enable more targeted and accessible administration in non-hospitalized patients and potentially lower systemic exposure to the drug," Dr. Merdad Parsey, Gilead's chief medical officer, said in a statement. Gilead's stock has gained 15.8% year-to-date, while the S&P 500 is down 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Oil futures post a gain as higher U.S. crude imports, decline in U.S. gasoline supplies point to improving demand
Date: Wed, 08 Jul 2020 18:40:14 GMT
From feeds.marketwatch

Oil futures gained on Wednesday, buoyed by signs of improving energy demand after the Energy Information Administration reported a weekly rise in net U.S. petroleum imports and a decline in gasoline supplies. The data also showed a 5.7 million-barrel weekly climb in crude-oil supplies, limiting the day's price gain for oil. August West Texas Intermediate oil rose 28 cents, or 0.7%, to settle at $40.90 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Gold futures up a fourth straight session to mark another finish at the highest since 2011
Date: Wed, 08 Jul 2020 17:43:19 GMT
From feeds.marketwatch

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold rose $10.70, or 0.6%, to settle at $1,820.60 an ounce. That was the highest settlement since Sept. 14, 2011, based on the most-active contracts, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Atlanta plans to require face masks, joining Athens and Savannah
Date: Wed, 08 Jul 2020 17:27:17 GMT
From feeds.marketwatch

Atlanta mayor Keisha Lance Bottoms told a local media outlet on Wednesday that the city will mandate face masks in public spaces. Bottoms, who herself recently tested positive for COVID-19, has said she plans to sign an executive order sometime on Wednesday. Masks have not been required by the state of Georgia; however, other cities in the state including Athens and Savannah have also issued rules for mask-wearing. There have been more than 100,000 confirmed cases of the coronavirus and at least 2,899 deaths in the state, according to the Georgia Department of Health.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Mall ETFs fall even as New York eyes some re-openings
Date: Wed, 08 Jul 2020 17:25:36 GMT
From feeds.marketwatch

Exchange-traded funds with exposure to malls slumped Wednesday even after New York Gov. Andrew Cuomo said shopping centers could open starting Friday, with some restrictions. The Invesco S&P 500 Equal Weight Real Estate ETF , which has 3% of its holdings in Kimco Realty and 2.9% in Simon Property Group - two of the biggest mall operators - was down 0.6% midday. Kimco was one of worst performers in the S&P 500 , down 2.3%, while Simon shares were down 1.7%. The iShares Cohen & Steers REIT ETF was down 0.4%, despite having nearly 4% of its holdings in Simon. Both ETFs were on track for their worst month since March, although the Cohen & Steers fund was slightly positive for the month of July so far, while the Invesco fund has lost 1.5%. By comparison, the S&P 500 was up 0.2% at midday, and up 1.6% in the month to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dow transports falls to buck broader market rally, led by United Airlines' stock selloff
Date: Wed, 08 Jul 2020 16:38:22 GMT
From feeds.marketwatch

The Dow Jones Transportation Average fell 0.2% in midday trading Wednesday, to buck the gains in the broader stock market, as the shares of all six of the index's airline components fell after United Airlines Holdings Inc. reportedly warned it could furlough more than a third of its workforce. While the Dow transports fell, with 12 of 20 components losing ground, the Dow Jones Industrial Average rose 34 points, or 0.1%, with 17 of 30 components gaining. United Airlines' stock fell 2.8%, after The Wall Street Journal reported that the airline warned its employees that it could furlough 36,000 of them, and likely make them permanent job cuts, as the COVID-19 pandemic continues to weigh on travel demand. United had about 96,000 employees at the end of 2019. Among the Dow transports' other airline components, shares of American Airlines Group Inc. shed 2.4%, Delta Air Lines Inc. dropped 2.4%, Southwest Airlines Co. lost 2.2%, JetBlue Airways Corp. declined 2.0% and Alaska Air Group Inc. gave up 1.7%.

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New York Gov. Cuomo says New York malls can reopen on Friday if they have enhanced air-filtration systems
Date: Wed, 08 Jul 2020 16:12:57 GMT
From feeds.marketwatch

Shopping malls in most of New York state can reopen on Friday as long as they have enhanced air-conditioning filtration systems, Gov. Andrew Cuomo announced today. Malls must update HVAC filters to those with at least a MERV-11 rating to capture the potentially airborne coronavirus. The reopening applies to every region of the state outside of New York City, which is still in Phase 3. - Beckie Strum

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



United Airlines to furlough thousands more: WSJ
Date: Wed, 08 Jul 2020 16:00:27 GMT
From feeds.marketwatch

United Airlines Holdings Inc. warned its workers it could furlough 36,000 of them and likely move to layoffs in August, The Wall Street Journal reported Wednesday. United as of December had about 96,000 employees, but thousands since have lost their jobs temporarily or otherwise as air travel continues to be hobbled by measures designed to curb the spread of the coronavirus. In a filing Tuesday, United said its management held a town hall-style meeting with employees and told them capacity for June was down about 88% year-over-year, and July capacity is expected to be down about 75%. August capacity was seen down around 65%, including schedule cuts announced last week due to less demand for destinations going through rises in COVID-19 cases, on new quarantine requirements, or other restrictions on travel, the company said. United "does not expect the recovery from COVID-19 to follow a linear path, as illustrated by recent booking and demand trends, and that consolidated capacity through the end of 2020 is expected to be generally consistent with August 2020," it said. Shares of United fell more than 2% in midday trading Wednesday and are down 64% this year, compared with losses around 3% and 9% for the S&P 500 index and the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Spotify inks $20 million ad deal with Omnicom Media Group
Date: Wed, 08 Jul 2020 15:48:46 GMT
From feeds.marketwatch

Shares of Spotify Technology S.A. climbed 3.5% on Wednesday after the online-music service and Omnicom Media Group, a behemoth global ad agency, announced a deal in which Omnicom will spend $20 million on podcast ads in the second half of 2020. The accord comes as Sirius XM Holdings Inc. edges toward acquiring podcasting network Stitcher Inc. from E.W. Scripps Co. for about $300 million, according to a report in the Wall Street Journal. Scripps bought Stitcher in 2016 for $4.5 million in cash.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Shares of Twitter, Snap soar amid Facebook ad boycott
Date: Wed, 08 Jul 2020 15:31:58 GMT
From feeds.marketwatch

Battered by hundreds of advertisers boycotting content on its platform this month, Facebook Inc.'s apparent losses have led to stock gains for rival social media companies. Shares of Snap Inc. were up 5% in late-morning trading Wednesday, and is up 56% in 2020. Twitter Inc. shares, meanwhile, have advanced 6%, pushing it up 10% this year. Twitter shares also received a boost after the company listed a job posting that it was launching a subscription platform with the code name Gryphon. Facebook's stock is down 1%. Facebook executives, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, met with boycott organizers late Tuesday amid an advertising pause from Coca-Cola Co. , Verizon Communications Inc. , Starbucks Corp. , and Unilever [s:UL].

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



BlueCity's stock debuts with a 28% gain
Date: Wed, 08 Jul 2020 15:20:01 GMT
From feeds.marketwatch

Shares of BlueCity Holdings Ltd. got off to a bullish start Wednesday, as they began their public life with a 28% gain, then rose even further. The first trade for the China-based online LGBTQ community's stock was at $20.45 at 11:16 a.m. Eastern for 96,676 shares. That compares with the pricing of the initial public offering at $16, which was in the middle of the expected range. The stock has gained further since, and was last up 48%. The stock went public at a good time for IPOs on Wall Street, as the Renaissance IPO ETF has run up 63.4% over the past three months, while the S&P 500 has advanced 14.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Vista Outdoor's stock bounces into positive territory, while B.Riley analyst backs away from bullish view
Date: Wed, 08 Jul 2020 14:53:54 GMT
From feeds.marketwatch

Shares of Vista Outdoor Inc. edged up 0.3% in morning trading Wednesday, erasing an earlier loss of was much as 6.1%, after B. Riley FBR analyst Eric Wold backed away from his bullish view on the ammunition and outdoor sports products maker, citing concerns over a potential downbeat outlook from management and likely volatility as the presidential election nears. Wold dropped his rating to neutral, after being at buy since February 2019, but kept his price target at $16. The stock had closed a near three-year high of $15.33 on Monday, which was more than double the closing price of $7.09 hit on May 7, when the company reported fiscal fourth-quarter results and provided a downbeat fiscal first-quarter outlook. The stock soared along with the shares of gun maker's Smith & Wesson Brands Inc. and Sturm Ruger & Co. , amid increasing firearm background checks as the rise in polls of presidential hopeful Joe Biden over President Donald Trump sparked concerns over tighter gun regulations. "Although [Vista] is not expected to report 1Q21 results until before the open on Thursday, 8/6, we would not be surprised if the conservative guidance stance that management took heading into 1Q21 remains the norm given the continued uncertain retail environment along with the upcoming presidential election drivers," Wold wrote in a note to clients. The stock has about doubled (up 104%) year to date, after falling 80% over the past three years, while the S&P 500 has eased 2.1% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



EIA reports a surprise weekly climb in U.S. crude supplies
Date: Wed, 08 Jul 2020 14:38:09 GMT
From feeds.marketwatch

The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 5.7 million barrels for the week ended July 3. That followed a fall of 7.2 million barrels the week before and compared with a forecast by analysts polled by S&P Global Platts for an average decline of 3.7 million barrels. The American Petroleum Institute on Tuesday reported an increase of 2 million barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by about 2.2 million barrels for the week. Gasoline supply fell by 4.8 million barrels, while distillate stockpiles climbed by 3.1 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 1.2 million barrels for gasoline and 500,000 barrels for distillates. August West Texas Intermediate crude fell by 3 cents, or 0.07%, at $40.59 a barrel on the New York Mercantile Exchange. Prices traded at $40.65 before the supply data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Senior Fed official says central bank may slow pace of corporate bond purchases
Date: Wed, 08 Jul 2020 14:28:10 GMT
From feeds.marketwatch

A senior official at the New York Federal Reserve said the U.S. central bank could slow its pace of corporate debt purchases if financial markets continued to improve. Daleep Singh, head of the New York Fed's markets group, noted the functioning of corporate credit markets had strengthened since the Fed unrolled its emergency lending backstops. Still, Singh said the central bank stood ready to tweak its approach given the uncertainty around a potential wave of bankruptcies from the economic impact of the coronavirus. The iShares iBoxx $ Investment Grade Corporate Bond exchange-traded fund was down a modest 0.1% on Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Nio's stock surges on heavy volume toward longest win streak in 6 months
Date: Wed, 08 Jul 2020 14:23:36 GMT
From feeds.marketwatch

Shares of Nio Inc. shot up 14% on heavy volume in morning trading Wednesday, as the China-based electric vehicle company was headed for a seventh-straight gain toward a record high. Trading volume ballooned to 129.2 million shares, making the stock the most actively traded on major U.S. exchanges, and already above the full-day average of 113.4 million shares. The stock has now more than doubled (up 118.1%) during its latest win streak, which would be the longest since its record nine-day win streak that ended Jan. 21. Nio's isn't the only EV maker's stock enjoying a burst of strength of late, as U.S.-based rival Tesla Inc. shares are also rising toward a seventh-straight gain toward another record, and have gained 47.0% during their current win streak. The gains come as the both Tesla and Nio reported last week upbeat deliveries data. Nio's stock has rocketed more than fivefold (up 449.8%) year to date and Telsa shares have more than tripled (up 237.3%), while the S&P 500 has slipped 1.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Stocks open higher Wednesday as rise in tech sector resumes
Date: Wed, 08 Jul 2020 13:36:38 GMT
From feeds.marketwatch

U.S. stocks opened slightly higher Wednesday as investor sentiment remained pinned between hopes that economic data would point to continued growth and concerns that rising coronavirus case counts will stifle any nascent recovery. The Dow Jones Industrial Average rose 56 points, 0.2%, to open near 25,946, while the S&P 500 added nearly 10 points, 0.3%, opening near 3,155. The Nasdaq Composite Index opened near 10,409, a gain of 65 points or 0.6%. Shares of Alcoa Corp. rocketed more than 6% after the bell, after the aluminum products maker gave preliminary second-quarter results that topped analyst expectations. On Tuesday, the Labor Department said that 6.5 million Americans had been hired in May. That was the highest monthly tally on record, but it may be hard for investors to draw comfort from a surge in hiring that took place before states had to start re-imposing lockdowns in the wake of a resurgence of COVID-19 cases. The U.S. recorded a fresh record in the number of new cases Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Nikola's stock set to bounce sharply after J.P. Morgan turns bullish, citing valuation and potential catalysts
Date: Wed, 08 Jul 2020 13:09:01 GMT
From feeds.marketwatch

Shares of Nikola Corp. soared 13% in premarket trading Wednesday, putting them on track to snap a five-day losing streak, after J.P. Morgan turned bullish on the battery- and hydrogen-electric truck maker, citing a more attractive valuation following the recent selloff. Analyst Paul Coster raised his rating to overweight, less than a month after initiating Nikola at neutral on June 22. He kept his stock price target at $45, which is 10.6% above Tuesday's closing price of $40.23. The stock has plunged 40.5% over the past five sessions, and has shed 45.1% since the June 8 record close of $73.27, after rocketing more than fivefold in three months to the record close. Coster said that while the shares "could fall some more" as more of shares of the special purpose acquisition company (SPAC), or blank-check company, that merged with Nikola become freely tradable, the stock is "starting to look attractive for long-term investors" below his target of $45, as a number of potential catalysts come into view. "In our view, [Nikola] is currently a story-stock, but we are on board as long as the company executes to plan, and providing the stock offers a favorable risk-reward trade-off," Coster wrote in a note to clients. Among potential upcoming catalysts include an announcement of an original equipment manufacturing partner for the Badger truck, an H2 station deployment plan for the U.K. and accelerated implementation plans for the fuel-cell truck. The stock has run up nearly fourfold year to date, while the S&P 500 has lost 2.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dispatches from a Pandemic: aIf I tell people about what happened, I honor my ancestors.a How the pandemic is helping a slavery historian develop a K-12 lesson plan on African-American history
Date: Wed, 08 Jul 2020 21:07:49 GMT
From feeds.marketwatch
Non-academic historians step in to preserve stories that would otherwise be lost.


A great technology wave is cresting over America because of the pandemic a and itas largely a good thing
Date: Wed, 08 Jul 2020 20:43:41 GMT
From feeds.marketwatch
The use of artificial intelligence, robots, and remote learning and shopping will make industries more efficient and effective.


Slack, Microsoft, Zoom are upping the ante in virtual meeting wars
Date: Wed, 08 Jul 2020 20:35:08 GMT
From feeds.marketwatch
In short order, Slack made a rare acquisition, Microsoft Teams dressed up Teams service, and Zoom is getting into the hardware business.


IPO Report: Quicken Loans is going public: 5 things to know about the mortgage lender
Date: Wed, 08 Jul 2020 20:23:12 GMT
From feeds.marketwatch
Quicken has been the largest mortgage lender in the U.S. since 2018.


aMoatsa will make all the difference for cloud companies as tech costs come under pressure
Date: Wed, 08 Jul 2020 20:21:22 GMT
From feeds.marketwatch
A durable competitive advantage could mean sustainable stock gains for some cloud companies.


The Tell: He had $35,000 in retirement savings in March a 350 trades later and heas apparently sitting on $1 million
Date: Wed, 08 Jul 2020 18:59:08 GMT
From feeds.marketwatch
Prepare for some serious trading FOMO, courtesy of Redditas aWallStreetBetsa community.


Amazon drops online retailer Boohooas products amid allegations of poor working conditions and no COVID-19 protection
Date: Wed, 08 Jul 2020 18:03:41 GMT
From feeds.marketwatch
Shares of online fashion retailer Boohoo suffered heavy losses for a second day, even as the company said it would launch an immediate independent probe into allegations of poor conditions for workers and no protection from COVID-19.


Dispatches from a Pandemic: aIf I tell people about what happened, I honor my ancestors.a How the pandemic is helping a slavery historian develop a K-12 lesson plan on African-American history
Date: Wed, 08 Jul 2020 21:07:49 GMT
From feeds.marketwatch
Non-academic historians step in to preserve stories that would otherwise be lost.


A great technology wave is cresting over America because of the pandemic a and itas largely a good thing
Date: Wed, 08 Jul 2020 20:43:41 GMT
From feeds.marketwatch
The use of artificial intelligence, robots, and remote learning and shopping will make industries more efficient and effective.


Slack, Microsoft, Zoom are upping the ante in virtual meeting wars
Date: Wed, 08 Jul 2020 20:35:08 GMT
From feeds.marketwatch
In short order, Slack made a rare acquisition, Microsoft Teams dressed up Teams service, and Zoom is getting into the hardware business.


IPO Report: Quicken Loans is going public: 5 things to know about the mortgage lender
Date: Wed, 08 Jul 2020 20:23:12 GMT
From feeds.marketwatch
Quicken has been the largest mortgage lender in the U.S. since 2018.


aMoatsa will make all the difference for cloud companies as tech costs come under pressure
Date: Wed, 08 Jul 2020 20:21:22 GMT
From feeds.marketwatch
A durable competitive advantage could mean sustainable stock gains for some cloud companies.


The Tell: He had $35,000 in retirement savings in March a 350 trades later and heas apparently sitting on $1 million
Date: Wed, 08 Jul 2020 18:59:08 GMT
From feeds.marketwatch
Prepare for some serious trading FOMO, courtesy of Redditas aWallStreetBetsa community.


Over 500,000 businesses got PPP loans but are listed as retaining zero jobs, Treasury Department data show
Date: Wed, 08 Jul 2020 21:04:37 GMT
From feeds.marketwatch
Missing jobs data on Paycheck Protection Program loan recipients will make accountability a challenge, experts say.


Market Snapshot: Dow closes up 177 points, Nasdaq at fresh high as investors focus on economic recovery prospects
Date: Wed, 08 Jul 2020 20:37:41 GMT
From feeds.marketwatch
U.S. stocks ended Wednesday higher, with the tech-heavy Nasdaq scoring an all-time record, as investors focused on stocks that can outperform amid an acceleration of coronavirus infections in about 30 American states and longer periods of working from home.


IPO Report: Quicken Loans is going public: 5 things to know about the mortgage lender
Date: Wed, 08 Jul 2020 20:23:12 GMT
From feeds.marketwatch
Quicken has been the largest mortgage lender in the U.S. since 2018.


Bond Report: Treasury yields hold ground as 10-year note auction fetches lowest rate on record
Date: Wed, 08 Jul 2020 20:04:40 GMT
From feeds.marketwatch
U.S. Treasury yields struggle for direction on Wednesday as even a bond auction fails to inspire trading during the bond marketas summer doldrums.


Market Extra: Forget earnings season. Whatas the rest of 2020 going to look like?
Date: Wed, 08 Jul 2020 20:01:42 GMT
From feeds.marketwatch
There will be very little useful guidance from U.S. corporations in the earnings reporting season starting mid-July on what the rest of 2020 will look like for the stock market and analysts are very divided on the outlook


Key Words: aThe market isnat pricing in an all-clear on the economy,a say BofA analysts, who say the S&P 500 will end the year at 2900
Date: Wed, 08 Jul 2020 19:52:33 GMT
From feeds.marketwatch
BofA head of equity research Savita Subramanian calls herself not a bear, yet she sees mostly risks to the downside for markets.


The Tell: Underneath the global stock marketas impressive rebound, investors still doubt prospects for V-shaped recovery, says Morgan Stanley
Date: Wed, 08 Jul 2020 19:49:51 GMT
From feeds.marketwatch
Donat believe the hype about a V-shaped recovery, says analysts at Morgan Stanley.


Will Vanguard step on the SPDR? This technology ETF just dethroned the industry leader
Date: Wed, 08 Jul 2020 19:29:43 GMT
From feeds.marketwatch
In one S&P 500 sector fund category, Vanguardas assets just topped those of the industry titan, State Street Global Advisorsa SPDR suite.


Currencies: aThe idea sounds relatively ludicrousa...Why currency analysts donat believe Trump administration will pursue a proposal to undermine Hong Kong dollar peg
Date: Wed, 08 Jul 2020 19:25:29 GMT
From feeds.marketwatch
A proposal reportedly under consideration by U.S. officials that would take aim at the Hong Kong dollaras peg to the U.S. currency is being met with disbelief by economists and currency traders. Hereas why.


United Airlines Warns 36,000 EmployeesaNearly Half Its U.S. StaffaCould Be Furloughed in October
Date: Wed, 08 Jul 2020 20:09:56 +0000
From https:
It's the clearest signal yet of how deeply the coronavirus pandemic is hurting the airline industry

Chancellor gives diners 50% off on eating out
Date: Wed, 08 Jul 2020 16:59:54 GMT
From https:
Chancellor Rishi Sunak has unveiled an "eat out to help out" discount as part of wider measures.

APS1,000 bonus 'may not be enough to protect jobs'
Date: Wed, 08 Jul 2020 16:20:53 GMT
From https:
Employers and unions say more needs to be done to support firms and protect employment.

Stamp duty holiday: The winners and the losers
Date: Wed, 08 Jul 2020 16:27:28 GMT
From https:
The chancellor has announced a stamp duty holiday until next March, pleasing some but angering others.

Coronavirus: Visitors may not see the thrill of VAT cut
Date: Wed, 08 Jul 2020 16:37:46 GMT
From https:
Attractions and restaurants may not pass on the chancellor's VAT cut to visitors.

Coronavirus: What the chancellor's summer statement means for you
Date: Wed, 08 Jul 2020 12:55:02 GMT
From https:
How will Rishi Sunak's coronavirus recovery plan affect the money in your pocket?

Rishi Sunak's Summer statement: 'We've been overlooked'
Date: Wed, 08 Jul 2020 14:43:52 GMT
From https:
Under-30s have been hardest hit in lockdown, so what did they think of the chancellor's summer update?

Summer Statement: Key points at a glance
Date: Wed, 08 Jul 2020 16:07:04 GMT
From https:
Rishi Sunak announced his plans to help the economy recover. Here's what you need to know.

Coronavirus: Chancellor Rishi Sunak unveils APS30bn plan to save jobs
Date: Wed, 08 Jul 2020 18:34:27 GMT
From https:
Chancellor Rishi Sunak cuts VAT on hospitality and offers firms a bonus to keep furloughed staff, in a bid to stop mass unemployment.

Stamp duty holiday: How will it work?
Date: Wed, 08 Jul 2020 16:52:16 GMT
From https:
The government has announced changes to stamp duty to help cut costs for anyone buying a home.

Coronavirus: Rishi Sunak unveiling 'kickstart jobs scheme' for young people
Date: Wed, 08 Jul 2020 11:39:16 GMT
From https:
The APS2bn pledge for the young unemployed is part of chancellor Rishi Sunak's coronavirus recovery plan.

Ryanair cabin crew agree to temporary pay cut to keep jobs
Date: Wed, 08 Jul 2020 18:27:00 GMT
From https:
Crew will accept a temporary pay cut over four years as airlines struggle with coronavirus effects.

Brooks Brothers seeks bankruptcy protection amid pandemic
Date: Wed, 08 Jul 2020 15:35:27 GMT
From https:
Founded more than 200 years ago, the business clothier is the latest US retailer hit by the pandemic.

Brexit: UK nominates Liam Fox to lead World Trade Organization
Date: Wed, 08 Jul 2020 17:24:58 GMT
From https:
The pro-Brexit MP was sacked as international trade secretary when Boris Johnson took over as PM.

Boohoo starts review after Next and Asos desert it
Date: Wed, 08 Jul 2020 10:36:20 GMT
From https:
The retailer will review its supply chain after reports of exploitation at a factory in Leicester.

Coronavirus: Workers will not pay tax on tests by their employer
Date: Wed, 08 Jul 2020 09:47:26 GMT
From https:
The Treasury grants tax exemption for the tests following criticism from MPs.

Rosewood smuggling in The Gambia: Shipping firm halts timber exports
Date: Wed, 08 Jul 2020 12:02:18 GMT
From https:
A BBC investigation found vast quantities of protected rosewood were being trafficked from The Gambia.

Coronavirus: Budget airline AirAsia's future in asignificant doubta
Date: Wed, 08 Jul 2020 06:45:42 GMT
From https:
Asia's biggest budget carrier faces uncertainties due to the pandemic, auditor Ernst & Young has warned.

Coronavirus: Transport giant First warns of 'uncertain' future
Date: Wed, 08 Jul 2020 09:57:43 GMT
From https:
The Aberdeen-based bus and train operator sees a huge fall in passengers, and losses of more than APS150m.

Bed Bath & Beyond to close 200 stores, stock falls on wider-than-expected loss
Date: Wed, 08 Jul 2020 20:53:26 GMT
From feeds.marketwatch
Bed Bath & Beyond to close 200 stores, stock falls on wider-than-expected loss

U.S. stocks finish higher as tech leads gains; Nasdaq adds 1.4%
Date: Wed, 08 Jul 2020 20:07:54 GMT
From feeds.marketwatch
U.S. stocks finish higher as tech leads gains; Nasdaq adds 1.4%

The U.S. number of coronavirus cases has passed the 3 million mark
Date: Wed, 08 Jul 2020 19:38:37 GMT
From feeds.marketwatch
The U.S. number of coronavirus cases has passed the 3 million mark

British government will pick up half of restaurant checks to help boost economy
Date: Wed, 08 Jul 2020 18:11:12 GMT
From feeds.marketwatch
British government will pick up half of restaurant checks to help boost economy

Legendary CEO Martin Sorrell on advertising's next 'new normal': Join live event
Date: Wed, 08 Jul 2020 17:10:36 GMT
From feeds.marketwatch
Legendary CEO Martin Sorrell on advertising's next 'new normal': Join live event

Coronavirus update: COVID-19 case tally hits single-day high in U.S.
Date: Wed, 08 Jul 2020 16:48:19 GMT
From feeds.marketwatch
Coronavirus update: COVID-19 case tally hits single-day high in U.S.

Trump threatens school funding, says he disagrees with CDC reopening guidelines
Date: Wed, 08 Jul 2020 16:33:20 GMT
From feeds.marketwatch
Trump threatens school funding, says he disagrees with CDC reopening guidelines

Cuomo says New York malls with enhanced air filtration can reopen Friday
Date: Wed, 08 Jul 2020 16:16:55 GMT
From feeds.marketwatch
Cuomo says New York malls with enhanced air filtration can reopen Friday

Trump impeachment witness Lt. Col. Alexander Vindman to retire from Army
Date: Wed, 08 Jul 2020 16:04:12 GMT
From feeds.marketwatch
Trump impeachment witness Lt. Col. Alexander Vindman to retire from Army

United Airlines warns it could furlough 36,000 workers
Date: Wed, 08 Jul 2020 15:34:15 GMT
From feeds.marketwatch
United Airlines warns it could furlough 36,000 workers

Personal Finance Daily: Watch for these red flags with the IRS when loaning money to family and Fauci says Americans must do 3 things to beat COVID-19
Date: Wed, 08 Jul 2020 17:28:10 -0500
From feeds.marketwatch
Wednesday's top personal finance stories


The Supreme Court gave abortion-rights supporters a win, but those on both sides of the debate say the battle is far from over
Date: Wed, 08 Jul 2020 17:07:36 -0500
From feeds.marketwatch
Those opposed to abortion see other victories ahead in their work to reduce access to the service.


Dispatches from a Pandemic: aIf I tell people about what happened, I honor my ancestors.a How the pandemic is helping a slavery historian develop a K-12 lesson plan on African-American history
Date: Wed, 08 Jul 2020 17:07:49 -0500
From feeds.marketwatch
Non-academic historians step in to preserve stories that would otherwise be lost.


Dispatches from a Pandemic: Letter from New York: For these Italians in the U.S., the threat of COVID-19 struck twice
Date: Wed, 08 Jul 2020 17:08:03 -0500
From feeds.marketwatch
aIt was easy to recognize people from Italy on New York Cityas streets in early March a they were the ones who already wore masks, used gloves and practiced social distancing because they acknowledged the crisis that was coming.a


Tax Guy: Loaning money to a family member? Donat raise these red flags with the IRS
Date: Wed, 08 Jul 2020 17:07:19 -0500
From feeds.marketwatch
Weird and unwanted tax complications can arise when you make a below-market loan to a family member.


Over 500,000 businesses got PPP loans but are listed as retaining zero jobs, Treasury Department data show
Date: Wed, 08 Jul 2020 17:04:37 -0500
From feeds.marketwatch
Missing jobs data on Paycheck Protection Program loan recipients will make accountability a challenge, experts say.


Key Words: aNow weare seeing the consequence of community spreada: Fauci says Americans must do 3 things to beat COVID-19
Date: Wed, 08 Jul 2020 17:01:56 -0500
From feeds.marketwatch
aWhat we saw were a lot of people who maybe felt that because they think they are invulnerable,a says Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.


Encore: Will COVID-19 force older workers to retire?
Date: Wed, 08 Jul 2020 16:51:29 -0500
From feeds.marketwatch
The answer is ayesa


IPO Report: Quicken Loans is going public: 5 things to know about the mortgage lender
Date: Wed, 08 Jul 2020 16:23:12 -0500
From feeds.marketwatch
Quicken has been the largest mortgage lender in the U.S. since 2018.


The coronavirus crisis is costing states and locals hundreds of billions, analysis finds
Date: Wed, 08 Jul 2020 16:08:53 -0500
From feeds.marketwatch
The economic pain facing state and local governments resulting from the coronavirus pandemic is disconnected from the improving outlook on the national front. A new analysis from a Cleveland Federal Reserve researcher quantifies that hit.