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News Editor Kamyar Alexander Katiraie

News Search Engine Technology Kamyar Alexander Katiraie

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News Editor Kamyar Alexander Katiraie

News Search Engine Technology Kamyar Alexander Katiraie


Armie Hammer seeks $5.8 million for stately Hancock Park Tudor
Date: Mon, 28 Sep 2020 16:01:42 -0400
From feeds.latimes

Actor Armie Hammer is asking $5.8 million for his 1920s Tudor-style home in Hancock Park.



Pierce Brosnan seeks $100 million for dramatic Malibu compound
Date: Mon, 28 Sep 2020 14:02:50 -0400
From feeds.latimes

'James Bond' actor Pierce Brosnan is asking $100 million for his dramatic Thai-inspired retreat on Malibu's Broad Beach.



Column: Let's put Donald Trump's $750 annual tax payment in perspective
Date: Mon, 28 Sep 2020 12:52:10 -0400
From feeds.latimes

Trump's $750 annual tax payment was about what the average American household owed in federal income taxes per month.



IPO Report: McAfee files for return to public markets
Date: Mon, 28 Sep 2020 23:03:00 GMT
From marketwatch.com
McAfee Corp. is seeking a return to being a public company, according to a filing with the Securities and Exchange Commission late Monday.


The Moneyist: My daughter wonat speak to me. Her therapist said weare a toxic family. Should I stop paying her college tuition to force her into family counseling?
Date: Mon, 28 Sep 2020 21:56:20 GMT
From marketwatch.com
aMy daughter was in an outpatient program and outpatient family therapy. The therapist said that we were a toxic family and we had parentified our kids.a


TaxWatch: Trump reportedly paid no federal income tax in 10 of the 15 years before his election. Why 75 million U.S. households pay no federal income tax
Date: Mon, 28 Sep 2020 21:55:52 GMT
From marketwatch.com
The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020.


The Moneyist: My wife had a baby in June. She has $160,000 in student loans a and just asked for my ablessinga to work part time
Date: Mon, 28 Sep 2020 21:54:57 GMT
From marketwatch.com
aLosing $30,000 a year will limit our ability to save for our childas education, save for retirement, and take vacations. We currently have child care 100% covered between two sets of grandparents.a


CityWatch: New York stateas coronavirus infection rate highest since July
Date: Mon, 28 Sep 2020 21:51:37 GMT
From marketwatch.com
The health department threatened to shut down nonessential businesses if infection rates continue to rise in certain neighborhoods.


Key Words: Kamala Harris says Supreme Court nominee Amy Coney Barrett awill overturna Obamacare
Date: Mon, 28 Sep 2020 21:01:59 GMT
From marketwatch.com
Democratic vice-presidential nominee Kamala Harris gives a speech in the swing state of North Carolina on President Donald Trumpas push to fill the current vacancy on the Supreme Court.


NewsWatch: This tax break for first-time home buyers could keep the housing market afloat
Date: Mon, 28 Sep 2020 21:00:18 GMT
From marketwatch.com
Federal tax relief for new homeowners would help millennials and support prices, writes Sanjiv Das.


The Conversation: Fox News vs. MSNBC: Which network talks of ahatea more often?
Date: Mon, 28 Sep 2020 20:48:00 GMT
From marketwatch.com
While their news agendas were largely similar, the words they used to describe these newsworthy events diverged greatly.


The Wall Street Journal: EPA chief mocks Californiaas 2035 ban on gas-powered cars: aYou canat even keep the lights on todaya
Date: Mon, 28 Sep 2020 20:46:41 GMT
From marketwatch.com
The Environmental Protection Agency raised concerns about California Gov. Gavin Newsomas plan to ban sales of new gasoline and diesel-powered passenger cars in the state by 2035, arguing that the mandate is impractical and possibly illegal.


Dow Jones Industrial Average advances 1.5%
Date: Mon, 28 Sep 2020 20:02:20 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 rose 1.6%; Nasdaq Composite gains 1.9%
Date: Mon, 28 Sep 2020 20:02:09 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.


Stocks log third straight gain as investors look forward to presidential debate
Date: Mon, 28 Sep 2020 20:01:39 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.


Fed policy is 'well-calibrated' at the moment, Mester says
Date: Mon, 28 Sep 2020 19:33:01 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.


Fed's Mester says economy remains 'fragile'
Date: Mon, 28 Sep 2020 19:33:01 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.


November WTI oil gains 35 cents, or 0.9%, to settle at $40.60/bbl
Date: Mon, 28 Sep 2020 18:40:31 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.


December gold climbs $16, or 0.9%, to settle at $1,882.30/oz
Date: Mon, 28 Sep 2020 17:35:48 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.


Dow Jones Industrial Average advances 380 points, or 1.4%
Date: Mon, 28 Sep 2020 13:31:19 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.


S&P 500 up 1.4%; Nasdaq Composite rises 1.6%
Date: Mon, 28 Sep 2020 13:30:59 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.


Stocks open higher as market looks to recover from last week's loss
Date: Mon, 28 Sep 2020 13:30:42 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.


United Natural Foods stock falls after CEO announces retirement, Q4 profit
Date: Mon, 28 Sep 2020 21:01:29 GMT
From feeds.marketwatch

United Natural Foods Inc. shares fell more than 3% in the extended session Monday after the food wholesaler beat Wall Street expectations for its fiscal fourth quarter but it is losing its CEO. United Natural Foods said that Chief Executive Steven L. Spinner is to retire after July 31, when his employment contract expires, or earlier if a successor is found. Spinner will remain on the board as executive chairman after the retirement, the company said. United Natural Foods' board has started a CEO search, and has hired an executive-search firm to assist. Both internal and external candidates will be considered, the company said. Shortly after the CEO retirement announcement, United Foods reported better-than-expected fiscal fourth-quarter results, pinning it on "strong customer demand as well as the benefits from cross selling." United Foods said it earned $52 million, or 89 cents a share, in the quarter, compared with 36 cents a share in the year-ago period. Adjusted for one-time items, the company earned $1.06 a share. Sales rose 0.4% to $6.75 billion. Analysts polled by FactSet had expected adjusted profit of 74 cents a share on sales of $6.6 billion for the quarter. It forecast "continued momentum" next fiscal year, saying that "food-at-home consumption remains elevated" due to the pandemic. It guided for fiscal 2021 sales between $27 billion and $27.8 billion, and adjusted EPS between $3.05 and $3.55.

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.



Hertz CFO steps down, finance VP Cheung takes on role
Date: Mon, 28 Sep 2020 20:25:34 GMT
From feeds.marketwatch

Hertz Global Holdings Inc. said late Monday that Kenny K. Cheung, recently promoted to executive vice president of finance, took on the role of chief financial officer last week. Cheung succeeded R. Eric Esper, promoted to CFO in August. Esper resigned to pursue a new opportunity, the company said in a statement, and he will remain with Hertz as chief accounting officer until Nov. 1 to assist in the transition. Esper had succeeded Jamere Jackson, who took the reins in August 2018. The car-rental company filed for bankruptcy in May, hit by coronavirus-related travel and business restrictions and under the weight of previous debt. Hertz in June floated a plan to sell potentially worthless stock, but later backed off after the proposal drew scrutiny from securities regulators.

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 books roughly 410-point gain to start the week, boosted by energy, industrials and financials
Date: Mon, 28 Sep 2020 20:12:55 GMT
From feeds.marketwatch

U.S. stocks closed sharply higher Monday, starting the week on a higher note as investors bought shares of banks, energy companies, as well as materials and industrials firms. Talk of some progress toward a fresh coronavirus aid package, however unlikely to gain much traction on Washington, and bargain hunting by investors betting on happier economic times in the throes of a global viral outbreak, helped to revive some degree of the bullish sentiment. The Dow Jones Industrial Average closed up 410 points, or 1.5%, at 27,583, the S&P 500 index finished the session up 1.6% at 3,352, powered by a 2.3% gain in financials and a 2.3% in the energy sector . The Nasdaq Composite Index , meanwhile, closed 1.9% higher at 11,117, retaking a psychological perch above 11,000. All closing numbers are on a preliminary basis. Shares of Citigroup and Morgan Stanley and Wells Fargo & Co. closed up 2.9% and 3.1%, and 3.5% respectively, helping to lead the charge higher for the economically sensitive banking sector, underscoring some bets for an improved economy by investors and efforts by investors to find value in beaten down sectors that have not enjoyed the run-up in stocks to the same degree as the highflying technology-related and work-from-home shares. Investors are also focused on the looming 2020 presidential election, with a debate between President Donald Trump and former Vice President Joe Biden set for Tuesday, which could also influence investment behavior in the short term. Last week, stocks took a hit amid rising concerns of a renewed spread of the novel strain of coronavirus that causes COVID-19. Markets got off to a strong start on Monday partly due to solid economic data out of China, which appeared to overshadow reports of fresh lockdowns and growing cases of COVID-19 in parts of Europe.

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.



Trump says 150 million Abbott rapid coronavirus tests will be distributed in 'the coming weeks'
Date: Mon, 28 Sep 2020 20:07:55 GMT
From feeds.marketwatch

President Donald Trump on Monday announced plans to distribute 150 million rapid COVID-19 tests made by Abbott Laboratories , in "the coming weeks." Speaking at the White House, Trump said 100 million of the tests would go to states and territories to support efforts to allow schools to reopen, while 50 million would go to nursing homes, hospices and other institutions that serve the most vulnerable. The White House announced the government's purchase of the tests from Abbott in late August.

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 end higher, even as demand concerns grow
Date: Mon, 28 Sep 2020 18:57:46 GMT
From feeds.marketwatch

Oil futures ended higher on Monday on the heels of last week's loss, finding some support as a possible oil workers' strike in Norway may lead to lower production, analysts said. Oil firms in Norway plan to close down 22% of the nation's oil and gas output if workers go on strike on Wednesday, Reuters reported Friday. Price gains for oil, however, were modest as traders continued to fret over the rise in global cases of COVID-19 and outlook for energy demand. November West Texas Intermediate crude rose 35 cents, or 0.9%, to settle at $40.60 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.



Financial ETFs head for best day since July as investors rotate to deep values
Date: Mon, 28 Sep 2020 18:32:56 GMT
From feeds.marketwatch

Financial sector exchange-traded funds outperformed Monday as investors rotated their exposure to segments of the market that have been left behind in the big run-up in stock prices since the March bottom. The Financial Select Sector SPDR Fund was up 2.8% in the early afternoon, on track for its best daily performance since July and beating the broad S&P 500 , which was up 1.8%. The Invesco KBW Bank ETF gained 3.5%. The SPDR fund is still down more than 21% in the year to date, making it a better value proposition than sectors that have benefitted in the aftermath of the COVID-19 shock: the Technology Select Sector SPDR Fund is up more than 21% so far this year. Other beaten-down segments of the market also got more attention on Monday: the Energy Sector SPDR Fund gained more than 3% and is still down nearly 50% in 2020.

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 settle higher as dollar weakens
Date: Mon, 28 Sep 2020 17:40:45 GMT
From feeds.marketwatch

Gold futures settled higher on Monday, with the dollar-denominated precious metal buoyed by weakness in the U.S. dollar after posting a loss last week. "With the first U.S. presidential debate scheduled tomorrow, Brexit negotiations over the week and the non-farm payroll due on Friday, the markets are likely to remain very cautious and large-scale positioning is unlikely at least until the first debate is out of the way," said Rhona O'Connell, head of market analysis, EMEA and Asia regions at StoneX, in a daily note. December gold rose $16, or 0.9%, to settle at $1,882.30 an ounce.

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.



Virgin Galactic's best day in 6 months boosts space ETFs
Date: Mon, 28 Sep 2020 15:47:01 GMT
From feeds.marketwatch

Exchange-traded funds holding shares of Virgin Galactic Holdings Inc. took flight Monday as the stock price soared 20% after positive analyst coverage, on track for its best day since April 14. The Procure Space ETF , with 5.2% of its portfolio in the stock, was up 3.1% in the late morning, while the SPDR S&P Aerospace & Defense ETF , which has a 4.3% share, also gained 3.1%. The SPDR S&P Kensho Final Frontiers ETF , which has 4.7% in the company, had not traded Monday morning. "We see SPCE as an innovator of space technology with a truly unique offering that will allow civilians and professionals alike to access space for entertainment and research purposes," wrote SIG analysts as they initiated coverage with a positive rating. The company is one of the only true space plays in ETFs like these, which also contain many stocks that invest in the infrastructure to enable space travel.

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 jump at the open on stimulus hopes
Date: Mon, 28 Sep 2020 13:33:28 GMT
From feeds.marketwatch

U.S. stocks opened sharply higher Monday on hopes for an additional coronavirus stimulus package and after strong Chinese economic data overnight. The Dow Jones Industrial Average gained 1.4%, 367 points, to open near 27,540, while the S&P 500 was up 1.4%, 47 points, near 3,345. The Nasdaq Composite started trading near 11,087, up 173 points or 1.6%. While Washington seems as divided as ever on the outlines of an aid package, investors may be taking heart in weekend discussions between the White house and congressional Democrats. Meanwhile, even as coronavirus cases continue to grow in Europe and the U.S., the Chinese national statistics office said industrial profits surged in August, signaling the world's second-largest economy was moving past the effects of the downturn. Shares of Amazon.com Inc. were higher in the morning, after the retailer announced it would hold its popular "Prime Day" over two days in October.

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.



Hologic shares gain on authorization of COVID-19 test for asymptomatic people
Date: Mon, 28 Sep 2020 12:16:39 GMT
From feeds.marketwatch

Shares of Hologic Inc. were up 3.6% in premarket trading on Monday after the company said it had received emergency use authorization from the Food and Drug Administration for a diagnostic test specifically aimed at people with asymptomatic COVID-19 infections. Hologic said it is the first company to offer a test screening asymptomatic individuals. This test, which is also authorized to test symptomatic people for COVID-19 infections, originally received authorization in March. Hologic's stock is up 23.2% this year, while the S&P 500 has gained 2.1%.

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.



UPDATE: Caesars Entertainment to offer 30 million shares in syndicated deal
Date: Mon, 28 Sep 2020 12:11:37 GMT
From feeds.marketwatch

Caesars Entertainment Inc. said Monday it has commenced an offering of 30 million shares in a syndicated deal, joining the many companies issuing record levels of debt and equity during the pandemic. Proceeds will be used for general corporate purposes, including potentially the previously announced possible cash offer for William Hill Plc. Caesars said earlier that it is in advanced talks over a possible 2.9 billion pounds ($3.7 billion) cash offer for the U.K. betting company. Deutsche Bank and J.P. Morgan are underwriting the share offering. Caesars shares rose 4% premarket, but have fallen 4.3% in the year through Friday, while the S&P 500 has gained 2.1%.

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.



Inovio's shares tumble 33% as COVID-19 vaccine trial is put on hold
Date: Mon, 28 Sep 2020 11:34:47 GMT
From feeds.marketwatch

Shares of Inovio Pharmaceuticals Inc. were halted and then fell 33.6% when they resumed premarket trading on Monday when the company said the Phase 2/3 clinical trial for its COVID-19 vaccine candidate was in a "partial clinical hold" while it answered additional questions from the Food and Drug Administration. The hold is not due to an adverse event, which is what paused the Phase 3 study for AstraZeneca and the University of Oxford's experimental coronavirus vaccine. Inovio said in a news release that it is working on answering the regulator's questions, it plans to respond to the FDA in October, and then the agency has 30 days to issue its decision about whether the trial can move forward. The Phase 1 trial is still underway. Inovio's stock has soared 413.3% so far this year, while the S&P 500 is up 21.%.

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.



Biotech Oncorus to offer 5.8 million shares in planned IPO, priced at $14 to $16 each
Date: Mon, 28 Sep 2020 11:25:32 GMT
From feeds.marketwatch

Biotech Oncorus Inc. set terms for its initial public offering on Monday with plans to offer 5.8 million shares priced at $14 to $16 each. The company has applied to list on Nasdaq, under the ticker "ONKR." Jefferies, Evercore ISI and Piper Sandler are underwriting the deal with proceeds earmarked for clinical trials, to expand manufacturing capabilities and for working capital. "We are a clinical stage biopharmaceutical company focused on developing next-generation viral immunotherapies to transform outcomes for cancer patients," the company saysin its prospectus.

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.



Devon Energy and WPX to combine in all-stock merger of equals with enterprise value of about $12 billion
Date: Mon, 28 Sep 2020 11:15:39 GMT
From feeds.marketwatch

Devon Energy Corp. and WPX Energy Inc. said they have agreed to combine in an all-stock merger of equals with an enterprise value of about $12 billion. The deal was reported earlier by the Wall Street Journal. Under the terms of the deal, WPX shareholders will receive 0.5165 shares of Devon common stock for each share owned. Devon shareholders will own about 57% of the new entity and WPX shareholders will own about 43%. The deal is expected to close in the first quarter of 2021. "The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin," the companies said in a joint statement. The combined company will be named Devon Energy, and will enjoy "enhanced scale, improved margins, higher free cash flow and the financial strength to accelerate the return of cash to shareholders through an industry-first "fixed plus variable" dividend strategy," said the statement. The deal is expected to immediately boost all relevant per-share metrics in the first year, including earnings, cash flow, free cash flow, and net asset value, and to be accretive to return on invested capital. It will have about $1.7 billion of cash on hand and $3 billion of capacity on a credit facility expected at closing. Devon shares jumped 11% premarket on the news, while WPX was up 18%.

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.



Devon Energy and WPX to combine in all-stock merger of equals with enterprise value of about $12 billion
Date: Mon, 28 Sep 2020 11:15:39 GMT
From feeds.marketwatch

Devon Energy Corp. and WPX Energy Inc. said they have agreed to combine in an all-stock merger of equals with an enterprise value of about $12 billion. The deal was reported earlier by the Wall Street Journal. Under the terms of the deal, WPX shareholders will receive 0.5165 shares of Devon common stock for each share owned. Devon shareholders will own about 57% of the new entity and WPX shareholders will own about 43%. The deal is expected to close in the first quarter of 2021. "The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin," the companies said in a joint statement. The combined company will be named Devon Energy, and will enjoy "enhanced scale, improved margins, higher free cash flow and the financial strength to accelerate the return of cash to shareholders through an industry-first "fixed plus variable" dividend strategy," said the statement. The deal is expected to immediately boost all relevant per-share metrics in the first year, including earnings, cash flow, free cash flow, and net asset value, and to be accretive to return on invested capital. It will have about $1.7 billion of cash on hand and $3 billion of capacity on a credit facility expected at closing. Devon shares jumped 11% premarket on the news, while WPX was up 18%.

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.



Coronavirus tally: Global cases top 33 million, death toll edges toward 1 million and U.S. death toll tops 204,000
Date: Mon, 28 Sep 2020 10:51:47 GMT
From feeds.marketwatch

The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 31.1 million on Monday, according to data aggregated by Johns Hopkins University, while the death toll rose to 998,074. The U.S. has the highest case tally at 7.1 million, and highest death toll at 204,758. Brazil has the second-highest death toll at 141,741, but third-highest case tally at 4.7 million. India is second to the U.S. by case tally at 6.1 million, and has third-highest death toll at 95,542. Mexico is fourth with 76,430 deaths and seventh with 730,317 cases. The U.K. has 42,077 deaths and 437,517 cases, the highest death toll in Europe and fifth-highest in the world.

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.



Cal-Maine Foods shares jump 3.9% premarket after egg producer posts smaller-than-expected loss
Date: Mon, 28 Sep 2020 10:42:12 GMT
From feeds.marketwatch

Cal-Maine Foods Inc. shares rose 3.9% in premarket trade Monday, after the egg producer posted a smaller-than-expected loss for its fiscal first quarter and sales that topped estimates. Jackson, Miss.-based Cal-Maine said it had a net loss of $19.4 million, or 40 cents a share, in the quarter to Aug. 29, after a loss of $45.8 million, or 94 cents a share, in the year-earlier period. Sales rose to $292.8 million from $241.2 million. The FactSet consensus was for a loss of 53 cents a share and sales of $284 million. "Our results for the first quarter of fiscal 2021 reflect continued challenging market conditions as we proactively monitor and manage our operations in the face of the COVID-19 pandemic," Chief Executive Dolph Baker said in a statement. Total dozens of eggs sold rose 3.8% in the period, he said, due to continued strong retail demand as consumers still eat more at home. While demand from food service customers is improving as more restaurants reopen, food service demand is still far below pre-quarantine levels, weighing on egg prices. "Market prices for eggs remained volatile over the first quarter and decreased overall compared to prices at the end of fiscal 2020, which reflected increased consumer purchases due to the COVID-19 pandemic and seasonal demand due to Easter falling in the fourth quarter," said Baker. The company will not pay a dividend for the quarter. Shares have fallen 9% in the year to date, while the S&P 500 has gained 2.1%.

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.



MobileIron to be acquired by Ivanti in all-cash deal valued at about $872 million
Date: Mon, 28 Sep 2020 10:26:23 GMT
From feeds.marketwatch

MobileIron, a mobile security platform serving the work-from-home market, said Monday it has agreed to be acquired by Ivanti Inc. in an all-cash deal valued at about $872 million. Under the terms of the deal, MobileIron shareholders will receive $7.05 in cash per share, equal to a 27% premium over the closing price on Friday. The deal is expected to close late in the fourth quarter. "By bringing MobileIron and Pulse Secure into the Ivanti portfolio, organizations will be able to manage and secure users, devices, data, and access to ensure that every device in an organization is covered, while delivering a contextual personalized employee experience," the companies said in a statement. MobileIron shares jumped 6% premarket on the news and are up 37% in the year to date, while the S&P 500 has gained 2.1%.

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.



CarMax resumes share buybacks after suspending program in April due to pandemic
Date: Mon, 28 Sep 2020 10:18:53 GMT
From feeds.marketwatch

CarMax Inc. said Monday it has resumed its share buyback program after suspending it in April due to the coronavirus pandemic. The retailer of new and used cars said in a regulatory filing that it has $1.51 billion left in its share buyback authorization. Shares were not active premarket but have gained 7% in the year to date, while the S&P 500 has gained 2.1%.

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.



TaxWatch: Trump reportedly paid no federal income tax in 10 of the 15 years before his election. Why 75 million U.S. households pay no federal income tax
Date: Mon, 28 Sep 2020 21:55:52 GMT
From feeds.marketwatch
The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020.


The Moneyist: My daughter wonat speak to me. Her therapist said weare a toxic family. Should I stop paying her college tuition to force her into family counseling?
Date: Mon, 28 Sep 2020 21:56:20 GMT
From feeds.marketwatch
aMy daughter was in an outpatient program and outpatient family therapy. The therapist said that we were a toxic family and we had parentified our kids.a


Outside the Box: Whereas my vote? Tracking ID guarantees that your mail-in ballot is counted in the 2020 election
Date: Mon, 28 Sep 2020 17:05:15 GMT
From feeds.marketwatch
Tracking a ballot electronically like any package is proven, effective and secure.


Uber wins 18-month license to continue to operate in London
Date: Mon, 28 Sep 2020 14:15:59 GMT
From feeds.marketwatch
Judge rules Uber afit and proper,a after the ride-hailing app won an appeal to hold a license in London despite ahistorical failings.a


Kelley Blue Book: 5 facts about consumers and online car shopping
Date: Mon, 28 Sep 2020 09:03:00 GMT
From feeds.marketwatch
The world of car buying has witnessed massive change lately. Fueled by COVID, online shopping is now mainstream.


Next Avenue: Whatas a snowbird to do? The pandemic has upended plans to head south for the winter
Date: Mon, 28 Sep 2020 08:59:01 GMT
From feeds.marketwatch
Early projections for Sunbelt vacation rentals and the businesses that cater to snowbirds are down significantly.


TaxWatch: Trump reportedly paid no federal income tax in 10 of the 15 years before his election. Why 75 million U.S. households pay no federal income tax
Date: Mon, 28 Sep 2020 21:55:52 GMT
From feeds.marketwatch
The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020.


The Moneyist: My daughter wonat speak to me. Her therapist said weare a toxic family. Should I stop paying her college tuition to force her into family counseling?
Date: Mon, 28 Sep 2020 21:56:20 GMT
From feeds.marketwatch
aMy daughter was in an outpatient program and outpatient family therapy. The therapist said that we were a toxic family and we had parentified our kids.a


IPO Report: IPO market is headed for busiest third quarter since the dot.com years a and thereas lots more to come
Date: Mon, 28 Sep 2020 19:07:24 GMT
From feeds.marketwatch
The U.S. initial public offering market is expected to see 11 deals and two direct listings this week, adding fuel to what will be the biggest third quarter since the dot.com era.


Outside the Box: Whereas my vote? Tracking ID guarantees that your mail-in ballot is counted in the 2020 election
Date: Mon, 28 Sep 2020 17:05:15 GMT
From feeds.marketwatch
Tracking a ballot electronically like any package is proven, effective and secure.


Uber wins 18-month license to continue to operate in London
Date: Mon, 28 Sep 2020 14:15:59 GMT
From feeds.marketwatch
Judge rules Uber afit and proper,a after the ride-hailing app won an appeal to hold a license in London despite ahistorical failings.a


Kelley Blue Book: 5 facts about consumers and online car shopping
Date: Mon, 28 Sep 2020 09:03:00 GMT
From feeds.marketwatch
The world of car buying has witnessed massive change lately. Fueled by COVID, online shopping is now mainstream.


Next Avenue: Whatas a snowbird to do? The pandemic has upended plans to head south for the winter
Date: Mon, 28 Sep 2020 08:59:01 GMT
From feeds.marketwatch
Early projections for Sunbelt vacation rentals and the businesses that cater to snowbirds are down significantly.


Caesars makes $3.7 billion bid for William Hill
Date: Mon, 28 Sep 2020 23:24:43 GMT
From feeds.marketwatch
Caesars Entertainment Inc. said Monday that it is in advanced talks for a $3.7 billion cash takeover of U.K. sports-gambling firm William Hill PLC, with a focus on keeping its U.S. assets and betting technology.


Paul Brandus: Trump doesnat pay taxes? Thatas old news. The real story is the presidentas personal debts coming due
Date: Mon, 28 Sep 2020 20:46:05 GMT
From feeds.marketwatch
Americans deserve to know about politiciansa potential conflicts.


Key Words: Rick Santorum is not impressed with the New York Times story on Trumpas taxes a how many voters feel the same way?
Date: Mon, 28 Sep 2020 20:27:38 GMT
From feeds.marketwatch
Almost two-thirds of Republicans and right-leaning independents say the tax code is fair, according to a Pew survey.


Long-standing wealth gap between Blacks and whites remains substantial, Fed data for 2019 show
Date: Mon, 28 Sep 2020 20:22:56 GMT
From feeds.marketwatch
The long-standing wealth gap between Blacks and whites remained substantial in 2019, new Fed data show.


Economic Preview: U.S. September job report is going to show economy entering a weaker phase
Date: Mon, 28 Sep 2020 14:37:37 GMT
From feeds.marketwatch
The September job report will signal that the U.S. economic recovery has entered a more tenuous phase.


Howard Gold's No-Nonsense Investing: Let Bezos and Musk make billions. Just force them to share a little with the rest of us
Date: Mon, 28 Sep 2020 14:28:04 GMT
From feeds.marketwatch
Higher capital gains taxes would do little to hurt CEOsa wealth.


This is one task everyone in their 50s should consider before itas too late
Date: Mon, 28 Sep 2020 14:10:03 GMT
From feeds.marketwatch
You may be doing yourself a and your family a a favor


NerdWallet: 6 national parks worth visiting in autumnaplus nearby places to stay using your points
Date: Mon, 28 Sep 2020 09:02:15 GMT
From feeds.marketwatch
Look no further than some of the nationas most famous parks for a socially distanced adventure.


TikTok Gets Reprieve in U.S. as Judge Temporarily Blocks Trumpas App Store Ban
Date: Mon, 28 Sep 2020 01:02:39 +0000
From https:
President Donald Trumpas ban on TikTok was temporarily blocked by a federal judge hours before it was due to be removed from U.S. app stores.

Young people agive up dream job hopea in pandemic
Date: Mon, 28 Sep 2020 23:53:32 GMT
From https:
The coronavirus crisis has eroded young people's confidence in the future, says the Prince's Trust.

BTS to become multi-millionaires after label goes public
Date: Mon, 28 Sep 2020 23:48:35 GMT
From https:
The South Korean K-pop group will become multi-millionaires after their label Big Hit goes public.

Coronavirus: Public spending rise could be lasting
Date: Mon, 28 Sep 2020 23:54:40 GMT
From https:
The government must choose between more austerity and permanently higher spending, a think tank warns.

Bank deputy governor warns against negative interest rates
Date: Mon, 28 Sep 2020 21:47:48 GMT
From https:
Sir Dave Ramsden said the central bank was not likely to use negative rates 'imminently'.

Covid: Adults without A-levels to be offered free college courses
Date: Mon, 28 Sep 2020 21:34:16 GMT
From https:
The government offer will be available from April and aims to support jobseekers during the pandemic.

Asda: UK billionaire brothers edge ahead in race to buy supermarket
Date: Mon, 28 Sep 2020 15:29:14 GMT
From https:
The Issa brothers and TDR Capital are the preferred bidders to buy the UK supermarket chain from Walmart.

Uber spared from London ban despite 'historical failings'
Date: Mon, 28 Sep 2020 11:53:51 GMT
From https:
The firm gets a new licence to work in the capital after a court says it has addressed safety issues.

US squeezes China's biggest chip-maker SMIC
Date: Mon, 28 Sep 2020 14:00:13 GMT
From https:
The commerce department writes to suppliers, warning of risks linked to the Chinese military.

Aldi looks at online move as shopping habits change
Date: Mon, 28 Sep 2020 06:20:49 GMT
From https:
The pandemic hasnat been easy for the discounters with no online food. Could Aldi go digital?

Fashion brands design 'waist-up' clothing for video calls
Date: Mon, 28 Sep 2020 14:30:52 GMT
From https:
Milan Fashion Week saw designers showcasing logos on necklines and statement jewellery.

William Hill: Caesars Palace-owner in 'advanced' talks over APS2.9bn offer
Date: Mon, 28 Sep 2020 08:17:39 GMT
From https:
Owner of the famed Las Vegas casino reveals its hand as one of two possible bidders for the UK firm.

Donald Trump 'paid $750 in federal income taxes in 2016 and 2017' - NY Times
Date: Mon, 28 Sep 2020 18:17:00 GMT
From https:
The New York Times alleges years of tax avoidance, a claim the US president calls afake newsa.

Dow finishes up more than 400 points to set upbeat tone for week
Date: Mon, 28 Sep 2020 20:02:49 GMT
From feeds.marketwatch
Dow finishes up more than 400 points to set upbeat tone for week

Here's how the stock market tends to perform after the first presidential debate
Date: Mon, 28 Sep 2020 18:26:04 GMT
From feeds.marketwatch
Here's how the stock market tends to perform after the first presidential debate

Long-standing wealth gap between Blacks and whites remains large, Fed data show
Date: Mon, 28 Sep 2020 16:04:56 GMT
From feeds.marketwatch
Long-standing wealth gap between Blacks and whites remains large, Fed data show

Coronavirus update: Hotspots emerge in India, Europe, South America and Israel
Date: Mon, 28 Sep 2020 15:06:34 GMT
From feeds.marketwatch
Coronavirus update: Hotspots emerge in India, Europe, South America and Israel

Stocks are higher at the open of trading Monday, with the Dow up 375 points
Date: Mon, 28 Sep 2020 13:31:02 GMT
From feeds.marketwatch
Stocks are higher at the open of trading Monday, with the Dow up 375 points

Dow futures jump 350 points as stocks look to get the week off to a solid start
Date: Mon, 28 Sep 2020 11:38:56 GMT
From feeds.marketwatch
Dow futures jump 350 points as stocks look to get the week off to a solid start

Trading in Inovio stock has been halted as COVD-19 vaccine trial is put on hold
Date: Mon, 28 Sep 2020 11:32:05 GMT
From feeds.marketwatch
Trading in Inovio stock has been halted as COVD-19 vaccine trial is put on hold

Devon Energy, WPX reach merger deal worth $12 billion
Date: Mon, 28 Sep 2020 11:18:44 GMT
From feeds.marketwatch
Devon Energy, WPX reach merger deal worth $12 billion

Uber shares rise in premarket trade after winning London court battle
Date: Mon, 28 Sep 2020 10:14:56 GMT
From feeds.marketwatch
Uber shares rise in premarket trade after winning London court battle

European stocks open week with strong gains; HSBC surges
Date: Mon, 28 Sep 2020 08:02:01 GMT
From feeds.marketwatch
European stocks open week with strong gains; HSBC surges

TaxWatch: Trump reportedly paid no federal income tax in 10 of the 15 years before his election. Why 75 million U.S. households pay no federal income tax
Date: Mon, 28 Sep 2020 17:55:52 -0500
From feeds.marketwatch
The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020.


The Moneyist: My daughter wonat speak to me. Her therapist said weare a toxic family. Should I stop paying her college tuition to force her into family counseling?
Date: Mon, 28 Sep 2020 17:56:20 -0500
From feeds.marketwatch
aMy daughter was in an outpatient program and outpatient family therapy. The therapist said that we were a toxic family and we had parentified our kids.a


The Moneyist: My wife had a baby in June. She has $160,000 in student loans a and just asked for my ablessinga to work part time
Date: Mon, 28 Sep 2020 17:54:57 -0500
From feeds.marketwatch
aLosing $30,000 a year will limit our ability to save for our childas education, save for retirement, and take vacations. We currently have child care 100% covered between two sets of grandparents.a


CityWatch: New York stateas coronavirus infection rate highest since July
Date: Mon, 28 Sep 2020 17:51:37 -0500
From feeds.marketwatch
The health department threatened to shut down nonessential businesses if infection rates continue to rise in certain neighborhoods.


Key Words: Rick Santorum is not impressed with the New York Times story on Trumpas taxes a how many voters feel the same way?
Date: Mon, 28 Sep 2020 16:27:38 -0500
From feeds.marketwatch
Almost two-thirds of Republicans and right-leaning independents say the tax code is fair, according to a Pew survey.


In One Chart: This map shows where American taxpayers are most likely to be audited a and itas certainly not Washington, D.C.
Date: Mon, 28 Sep 2020 16:08:10 -0500
From feeds.marketwatch
The IRS has admitted low-income taxpayers are audited more often than high-income taxpayers like President Trump. Hereas why.


The Supreme Courtas Obamacare case was high stakes before Ruth Bader Ginsburgas death. Hereas why itas even more important now
Date: Mon, 28 Sep 2020 13:05:31 -0500
From feeds.marketwatch
Democrats have said that Amy Coney Barrettas nomination to the court could mean the end of the Affordable Care Act.


The Margin: 1 in 3 parents wonat vaccinate their children against the flu, even though pediatricians say itas amore important than evera
Date: Mon, 28 Sep 2020 10:29:50 -0500
From feeds.marketwatch
The CDC and American Academy of Pediatrics want to avoid a fall atwindemica of flu and coronavirus.


Howard Gold's No-Nonsense Investing: Let Bezos and Musk make billions. Just force them to share a little with the rest of us
Date: Mon, 28 Sep 2020 10:28:04 -0500
From feeds.marketwatch
Higher capital gains taxes would do little to hurt CEOsa wealth.


This is one task everyone in their 50s should consider before itas too late
Date: Mon, 28 Sep 2020 10:10:03 -0500
From feeds.marketwatch
You may be doing yourself a and your family a a favor