Market Watch - Top Stories

• newWhere Should I Retire?: I want to move to the South, I want the beach — and a liberal mindset. Where should I retire?
  The house budget is $400,000.
  - 5 hours ago 24 Jan 21, 12:30am -
• newOutside the Box: How to make sure your spouse gets your retirement savings when you die
  There are differences between IRA and 401(k) beneficiaries
  - 6 hours ago 23 Jan 21, 11:44pm -
• newThe New York Post: Fauci says Johnson & Johnson COVID-19 vaccine may get approval in two weeks
  The first single-dose COVID-19 vaccine could get emergency approval in just two weeks, Dr. Anthony Fauci said late Friday.
  - 7 hours ago 23 Jan 21, 11:15pm -
• newUpgrade: What it’s really like to retire on a Caribbean island — on $3,000 a month
  This Virginia couple retired to the Caribbean island of Bequia and opened an art gallery.
  - 7 hours ago 23 Jan 21, 11:01pm -
• newBookWatch: What to do when you inherit your parents’ stuff — and you don’t want it
  Separating emotions from monetary value — and planning ahead
  - 8 hours ago 23 Jan 21, 10:21pm -

• newNewsWatch: Stock-market bulls brace for major gut check as earnings, Fed and GDP loom
  Stark reality for the euphoric stock market? The coming week may present the closest thing to a gut check for bullish investors so far in 2021.
  - 8 hours ago 23 Jan 21, 10:00pm -
• newJeff Reeves's Strength in Numbers: 5 high-growth themes and the stock-market ETFs that can deliver big gains in 2021
  Cannabis, 5G, clean energy and other strategies for stock-market outperformance.
  - 8 hours ago 23 Jan 21, 9:55pm -
• newThe New York Post: Gamers threaten to defect to PlayStation after Xbox Live price hikes
  Microsoft said Friday it will jack up the price for its Xbox Live Gold memberships — provoking threats from some gamers to jump ship to rival Playstation.
  - 9 hours ago 23 Jan 21, 9:24pm -
• new: 3 ways President Biden’s proposed stimulus checks will be different from Trump’s payments
  'The $600 already appropriated is simply not enough,' President Joe Biden said.
  - 9 hours ago 23 Jan 21, 9:01pm -
• newTaxWatch: IRS says this tax season will be ‘one of the nation’s most important.’ Watch out for these key dates
  The IRS will start accepting returns a little later than usual, on Feb. 12.
  - 9 hours ago 23 Jan 21, 8:58pm -

MarketWatch - MarketPulse

• Elon Musk's SpaceX plans natural-gas drilling in Texas: report

  

  Elon Musk's Space Exploration Technologies Corp., or SpaceX, has plans to drill for natural gas in Texas, Bloomberg reported Friday, citing a hearing before the state's energy regulator. The drilling would be done close to the privately held aerospa…
  - 1 day ago 22 Jan 21, 10:14pm -
• Nasdaq sets new record as stocks hold onto weekly gains

  

  Stocks ended mixed on Friday, but managed to cling to weekly gains as investors eyed the economic impact of COVID-19 restrictions in Europe. The S&P 500 fell 0.3% to 3,841. The Dow Jones Industrial Average shed 179 points, or 0.6%, to 30,997, base…
  - 1 day ago 22 Jan 21, 9:04pm -
• U.S. oil futures fall, prompting a turn lower in prices for the week

  

  U.S. oil futures ended with a loss on Friday to turn lower for the week, pressured by an unexpected climb in U.S. crude inventories as a reported resurgence of cases in China renewed worries about a slowdown in energy demand. March West Texas Interm…
  - 1 day ago 22 Jan 21, 7:47pm -
• Gold futures fall for the session, post a gain for the week

  

  Gold futures declined on Friday as the U.S. dollar saw modest strength. Prices posted a gain for the week, however, buoyed by expectations for further fiscal stimulus under the newly inaugurated President Joe Biden, which could weaken the dollar and…
  - 1 day ago 22 Jan 21, 6:48pm -
• GameStop's stock is surging again, putting it on track for its best month ever

  

  Shares of GameStop Corp. on Friday afternoon were extending a recent surge, putting the videogame retailer on track for its best monthly gain, up over 220%, in its history. The historic surge in shares of the company, which went public in 2002, com…
  - 1 day ago 22 Jan 21, 6:42pm -

• Baker Hughes data show U.S. oil-rig count up a 9th week in a row

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 2 to 289 this week. That followed increases in each of the last eight weeks. The total active U.S. rig count, which includes those drilling for natural gas…
  - 1 day ago 22 Jan 21, 6:11pm -
• BioNTech, Pfizer to sell 40 million doses to lower-income countries

  

  BioNTech SE and Pfizer Inc. said Friday that they plan to sell 40 million doses of their COVID-19 vaccine this year to Covax, a group that aims to ensure 92 lower-income countries have access to coronavirus vaccines. BioNTech's stock gained 1.2% i…
  - 2 days ago 22 Jan 21, 5:15pm -
• Oil futures extend losses after EIA reports a surprise weekly increase in U.S. crude supplies

  

  The Energy Information Administration reported Friday that U.S. crude inventories rose by 4.4 million barrels for the week ended Jan. 15. The data, which were delayed by two days because of Monday's Martin Luther King, Jr. holiday and Wednesday's U.…
  - 2 days ago 22 Jan 21, 4:14pm -
• Home-run king Hank Aaron is dead at 86: reports

  

  Baseball Hall of Fame member Henry Aaron, who broke Babe Ruth's long-standing home-run record with his 715th clout in 1974, is dead at 86, according to Atlanta media including CBS46. Aaron, the last Negro League player on an active major-league rost…
  - 2 days ago 22 Jan 21, 4:06pm -
• Natural-gas futures continue to fall, even as weekly U.S. supplies decline more than expected

  

  The U.S. Energy Information Administration reported on Friday that domestic supplies of natural gas declined by 187 billion cubic feet for the week ended Jan. 15. On average, the data, which came out a day later than usual because of Wednesday's U.S…
  - 2 days ago 22 Jan 21, 3:39pm -
• The lockdown trade wins Friday

  

  Stay-at-home ETFs were among the few gainers early Friday amidst a stock sell-off sparked by tepid economic data from Europe and Asia. The Global X Cybersecurity ETF was up 0.5%, the VanEck Vectors Video Gaming & eSports ETF jumped 1.1%, the ProSh…
  - 2 days ago 22 Jan 21, 3:14pm -
• Bionano Genomics' stock rally result of awareness push in 2019 and 2020 about its genomic technology: analyst

  

  Shares of Bionano Genomics Inc. gained 10.3% in premarket trading on Friday following a week of heavy trading on the stock. The company's stock price has tripled since the start of the year, closing at $8.27 on Jan. 21, compared to $3.08 on Dec. 31…
  - 2 days ago 22 Jan 21, 2:47pm -
• IBM, Intel stock selloffs slash more than 100 points off the Dow

  

  Disappointing earnings from technology leaders are responsible for more than half of the Dow Jones Industrial Average's declines on Friday. International Business Machines Corp.'s stock tumbled $13.65, or 10.4%, in morning trading after the IBM re…
  - 2 days ago 22 Jan 21, 2:45pm -
• Stocks lower at the open on renewed lockdown pessimism

  

  U.S. stocks opened lower Friday after sweeping to a string of fresh records, and as investor attention turned back to coronavirus lockdowns. The Dow Jones Industrial Average fell 217 points, 0.7%, to open near 30,959, while the S&P 500 [: SPX] lost…
  - 2 days ago 22 Jan 21, 2:31pm -
• Microsoft stock is a buy while Oracle is a sell, says Goldman Sachs

  

  Goldman Sachs analyst Kash Rangan initiated coverage on a basket of software names late Thursday, assigning buy ratings to shares of Microsoft Corp. , Workday Inc. , Adobe Systems Inc. , ServiceNow Inc. , Salesforce.com Inc. , and Splunk Inc. . He's…
  - 2 days ago 22 Jan 21, 2:21pm -
• Carnival extends cruise suspensions through April 30, matching peers

  

  Carnival Corp. said Friday it was cancelling more cruises, as it extends the suspension of U.S. cruises through April 30. That matches cruise suspensions of fellow cruise operators Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd. ann…
  - 2 days ago 22 Jan 21, 2:14pm -
• Expedia stock gets an upgrade from Wells Fargo on home-rental potential

  

  Wells Fargo analyst Brian Fitzgerald upgraded shares of Expedia Group Inc. to overweight from equal weight Friday, writing that the strong debut for Airbnb Inc. highlights considerable interest in the home-rental segment and offers a chance for Ex…
  - 2 days ago 22 Jan 21, 1:49pm -
• UPDATE: Aurora Cannabis $125 million capital raise may not be enough if it's serious about the U.S.: Jefferies analyst

  

  Aurora Cannabis Inc.'s $125 million bought-deal financing is not surprising, but may not be enough for the Canadian company to establish a needed foothold in the U.S., Jefferies analyst Owen Bennett said Friday. "Following ACB's recent business up…
  - 2 days ago 22 Jan 21, 1:28pm -
• SPAC Climate Change Crises stock rockets after deal to take EVgo public

  

  Shares of Climate Change Crisis Real Impact I Acquisition Corp. soared 48.3% in premarket trading Friday, after special purpose acquisition company (SPAC) announced a deal in which EVgo Services LLC will go public. EVgo, which boasts being the "nat…
  - 2 days ago 22 Jan 21, 1:05pm -
• Zenabis enters C$60 million revolving credit agreement to refinance debt held by Sundial

  

  Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian private debt fund for up to C$60 million ($47 million) that it will use to refinance more expensive debt held by Sundial Growers Inc. . The credit facility…
  - 2 days ago 22 Jan 21, 1:00pm -
• JetBlue received $252 million as part of PSP extension agreement

  

  JetBlue Airways Corp. disclosed Friday that it received $252 million from the U.S. Treasury as part of a Payroll Support Program Extension Agreement, including a grant of $206 million and a lot of $46 million. Under terms of of the PSP, JetBlue sai…
  - 2 days ago 22 Jan 21, 12:17pm -
• Schlumberger stock surges after profit beats, and revenue tops forecasts for first time in 4 quarters

  

  Shares of Schlumberger Ltd. rose 1.4% in premarket trading, bucking the selloff among its energy peers and the broader stock market, after the oil services company topped profit forecasts, and beat revenue expectations for the first time in four qu…
  - 2 days ago 22 Jan 21, 12:03pm -
• DuPont, Corteva and Chemours settle PFAS legal disputes, with expenses capped at $4 billion

  

  DuPont de Nemours Inc. , Corteva Inc. and Chemours Co. announced Friday an agreement to settle legal disputes, and to establish a cost-sharing arrangement related to PFAS liabilities. Under terms of the agreement, expenses will be split 50-50, wit…
  - 2 days ago 22 Jan 21, 11:46am -
• Coronavirus tally: Global cases of COVID-19 top 97.5 million and U.S. death toll surpasses 410,000

  

  The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 97.5 million on Friday, according to data aggregated by Johns Hopkins University, while the death toll rose above 2.09 million. The U.S. has the highest case…
  - 2 days ago 22 Jan 21, 11:34am -
• Walt Disney Co. upped to buy at UBS, as price target lifted to $200

  

  Walt Disney Co. was upgraded to buy from neutral at UBS, with the broker lifting its price target on the entertainment giant to $200 from $155. "We believe Disney is positioned to achieve scale similar to industry leader Netflix with 340 million+…
  - 2 days ago 22 Jan 21, 10:56am -
• Flash eurozone PMI weakens to two-month low in January

  

  The flash eurozone purchasing managers index fell in January to a two-month low of 47.5 -- nearly in line with the 47.6 expected -- from 49.1 in December. The services index fell to 45 from 46.4, while the manufacturing index dropped to a 7-month lo…
  - 2 days ago 22 Jan 21, 9:05am -
• Ford to take pension-related $1.5 billion charge in Q4

  

  Ford Motor Co. said late Thursday it expects to take a $1.5 billion pre-tax hit related to its pension plans in the U.S. and overseas. That will reduce the auto maker's net income by about $1.2 billion, but not impact adjusted EBIT or per-share adj…
  - 2 days ago 21 Jan 21, 10:44pm -
• Aurora Cannabis agrees to $125 million bought-deal offering

  

  Aurora Cannabis Inc. said late Thursday it has agreed to a $125 million bought-deal syndicated offering, led by BMO Capital Markets and ATB Capital Markets. The underwriters have agreed to buy 12 million units of the company at $10.45 per unit. E…
  - 2 days ago 21 Jan 21, 10:19pm -
• CarGurus founder Steinert to step down as CEO

  

  CarGurus Inc. said late Thursday that its board of directors has appointed Jason Trevisan as the company's chief executive, with founder Langley Steinert becoming executive chairman. Steinert will "remain involved" in the running of company, focusi…
  - 2 days ago 21 Jan 21, 9:48pm -
• Seagate fiscal Q2 profit, sales top views

  

  Shares of Seagate Technology Plc. fell nearly 5% in the extended session Thursday after the company reported fiscal second-quarter profit and sales ahead of expectations and guidance for the third quarter around Wall Street views. The data-storage…
  - 2 days ago 21 Jan 21, 9:36pm -

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