Market Watch - Breaking News

• newU.S. continuing unemployment-benefits claims drop to 17.34 million as of July 4
  U.S. continuing unemployment-benefits claims drop to 17.34 million as of July 4
  - 51 mins ago 16 Jul 20, 12:34pm -
• newFed's Philadelphia regional manufacturing gauge retreats in July
  Fed's Philadelphia regional manufacturing gauge retreats in July
  - 52 mins ago 16 Jul 20, 12:33pm -
• newHow China became the first major economy to rebound from pandemic recession
  How China became the first major economy to rebound from pandemic recession
  - 56 mins ago 16 Jul 20, 12:29pm -
• newRecord single-day global rise in COVID-19 diagnoses
  Record single-day global rise in COVID-19 diagnoses
  - 1 hour ago 16 Jul 20, 12:10pm -
• newEuropean Central Bank leaves interest rates and pandemic programs unchanged
  European Central Bank leaves interest rates and pandemic programs unchanged
  - 2 hours ago 16 Jul 20, 11:49am -

• newJ&J to start Phase 1 trial for coronavirus vaccine candidate next week
  J&J to start Phase 1 trial for coronavirus vaccine candidate next week
  - 2 hours ago 16 Jul 20, 11:46am -
• newDomino's sees 16.1% surge in same-store sales in second quarter
  Domino's sees 16.1% surge in same-store sales in second quarter
  - 2 hours ago 16 Jul 20, 11:44am -
• newThis fund manager recommends sticking with Apple and Microsoft for now
  This fund manager recommends sticking with Apple and Microsoft for now
  - 2 hours ago 16 Jul 20, 11:42am -
• newMorgan Stanley earnings come in well ahead of analyst estimates
  Morgan Stanley earnings come in well ahead of analyst estimates
  - 2 hours ago 16 Jul 20, 11:30am -
• newU.S. stock futures lower after market selloff in China
  U.S. stock futures lower after market selloff in China
  - 2 hours ago 16 Jul 20, 11:27am -

Yahoo - Top Stories Business

• newJump into stock market expecting rise 'a fool's errand': Billionaire investor David Rubenstein

  

  The good days for the stock market won’t last, says David Rubenstein, a billionaire investor and co-founder of private equity giant Carlyle Group, who cautioned against bullish near-term market expectations citing a disconnect between rising equit…
  - 2 hours ago 16 Jul 20, 11:50am -
• newBofA Sets Aside Billions for Soured Loans; Shares Decline

  

  (Bloomberg) -- Bank of America Corp.’s profit slid 52% as it joined rivals in preparing for an onslaught of consumer defaults spurred by the pandemic’s economic fallout.Profit at the consumer-banking unit plunged 98% as the coronavirus shuttered…
  - 2 hours ago 16 Jul 20, 11:48am -
• newBarrick Gold’s Costs Climb Amid Pandemic While Output Slips
  
  - 2 hours ago 16 Jul 20, 11:45am -
• newTesla Car Registrations In California Sink 48% in Q2 – Report

  

  Tesla Inc.’s (TSLA) vehicle registrations in California almost halved in the second quarter of the year, Reuters reported, citing data from Cross-Sell, a marketing research firm that collates title and registration data.Shares were trading down 5.…
  - 2 hours ago 16 Jul 20, 11:38am -
• newExpecting stock market to keep rising is ‘a fool’s errand’ [Video]

  

  David Rubenstein, the co-founder of the Carlyle Group and host of "Leadership Live," discusses the current scope of the U.S. stock market and employment.
  - 2 hours ago 16 Jul 20, 11:00am -

• newTruist Financial's (NYSE:TFC) Shareholders Are Down 26% On Their Shares

  

  While not a mind-blowing move, it is good to see that the Truist Financial Corporation (NYSE:TFC) share price has...
  - 3 hours ago 16 Jul 20, 10:48am -
• newThere's Still Nothing Even Close to Netflix

  

  (Bloomberg Opinion) -- Whatever Netflix Inc.’s second-quarter results show, it’s clear that the Covid-19 crisis is fortifying the company’s lead in streaming-TV entertainment. Other services that have been trying to build audiences in recent…
  - 3 hours ago 16 Jul 20, 10:30am -
• newThe Price Is Right For ACM Research, Inc. (NASDAQ:ACMR)

  

  ACM Research, Inc.'s (NASDAQ:ACMR) price-to-earnings (or "P/E") ratio of 77.5x might make it look like a strong sell...
  - 3 hours ago 16 Jul 20, 10:04am -
• newWarren Buffett Sees Natural Gas Sticking Around for a Long Time

  

  (Bloomberg) -- Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today.As Democrat Joe Biden unveils a staggering $2 trillion clean-energy plan—the most ambitious climate package ever offered by a presumptive presidenti…
  - 3 hours ago 16 Jul 20, 10:00am -
• newInstead of Criticizing Tech Valuations, Embrace Them

  

  (Bloomberg Opinion) -- The Covid-19 pandemic may have hurt the economy, but for technology stocks it feels like 1999 again. The Nasdaq Composite Index just reached a record high having rebounded about 50% from its low of the year in March. The stock…
  - 3 hours ago 16 Jul 20, 10:00am -
• newAlibaba's UCWeb lays off India staff, Club Factory halts payments after app ban
  
  - 4 hours ago 16 Jul 20, 9:31am -
• newDell Mulls Sale Of 81% Stake In VMware Pushing Shares Higher In Pre-Market

  

  Shares in Dell Technologies (DELL) surged 7% in pre-market trading as the PC maker said that it is considering a spin-off of its 81% stake in cloud computing software maker VMware Inc. (VMW), which could unlock value for shareholders.The stock soare…
  - 4 hours ago 16 Jul 20, 9:23am -
• newOil Falls From Four-Month High After OPEC+ Agrees to Taper Cuts

  

  (Bloomberg) -- Oil retreated from its highest close in four months after the OPEC+ alliance confirmed it would start tapering output cuts from next month.Futures in New York dropped below $41 a barrel. Saudi Arabia and Russia said the producer bloc…
  - 4 hours ago 16 Jul 20, 9:13am -
• newTSMC Shrugs off Huawei Ban and Shows Who's King
  
  - 5 hours ago 16 Jul 20, 8:51am -
• newAstraZeneca Pops Ahead of Covid-19 Vaccine Data Report Due July 20

  

  Shares in AstraZeneca (AZN) spiked almost 5% in after-market trading amid a report that early-stage human trial data on the drugmaker’s coronavirus vaccine candidate will be disclosed on July 20.The stock rose to $60.60 in Wednesday’s extended t…
  - 5 hours ago 16 Jul 20, 8:02am -
• newProcter & Gamble’s Climate Commitment Leaves Most Emissions Untouched

  

  (Bloomberg) -- Procter & Gamble Co. products are bought by 5 billion people, and everything involved in the manufacture, sale and use of those goods generates more than 230 million metric tons of greenhouse gas each year. The consumer-goods gian…
  - 5 hours ago 16 Jul 20, 8:00am -
• newWorst China Stocks Selloff Since February Caps Brutal Reversal

  

  (Bloomberg) -- The rally in Chinese shares is unraveling almost as quickly as it began, with losses accelerating Thursday after state media criticized one of the country’s most popular stocks.The CSI 300 Index closed 4.8% lower, its biggest loss s…
  - 6 hours ago 16 Jul 20, 7:50am -
• newAstraZeneca Promising Result on COVID-19 Vaccine to Boost Stock; Target Price GBX 10,970

  

  The promising result on early-stage trials of AstraZeneca’s potential COVID-19 vaccine, which is expected to be announced as early as today, could boost demand for the stock. However, many will eye the response of T cells in research as it is expe…
  - 6 hours ago 16 Jul 20, 7:00am -
• newTesla Vehicle Registrations In California Dropped By Half In Q2: Report

  

  Tesla Inc (NASDAQ: TSLA) car sales in California plunged by nearly a half in the quarter ending June, according to data released by marketing research company Cross-Sell on Wednesday.What Happened Vehicle registrations for the Elon Musk-led company…
  - 7 hours ago 16 Jul 20, 6:23am -
• newGermany’s long, lonely campaign: Battling Wirecard’s short sellers

  

  German authorities pressed on for four years investigating investors who bet against Wirecard AG's shares, even after a UK regulator concluded that their evidence against the short sellers was "not sufficient," according to documents and people fami…
  - 8 hours ago 16 Jul 20, 5:16am -
• newCarson Block Warns Tesla Short Sellers: ‘I Wouldn’t Do That’

  

  (Bloomberg) -- Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea.Block, the longtime Musk critic and short-selling founder of Muddy Waters Capital LLC, said on Wednesday that he doesn’t…
  - 10 hours ago 16 Jul 20, 3:44am -
• newProfessor Whose Formula Predicts Bankruptcies Has a Big Warning

  

  (Bloomberg) -- The New York University professor who developed one of the best-known formulas for predicting corporate insolvencies has a warning for U.S. credit investors: this year’s spate of “mega” bankruptcies is just getting started.More…
  - 10 hours ago 16 Jul 20, 3:02am -
• newCo-Diagnostics: Soaring Demand for COVID-19 Test Kits Could Propel the Stock Even Higher

  

  A stock with a 6-month gain of over 1500% is normally certain to raise some eyebrows. But, “normally” is a long distance away from the current reality, and that figure is the upside posted by shares of molecular diagnostics player Co-Diagnostics…
  - 12 hours ago 16 Jul 20, 1:05am -
• new'Things are getting back to normal on the oil market': expert

  

  Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories as economic activity picks up. Brent crude fell 35 cents, or 0…
  - 13 hours ago 16 Jul 20, 12:53am -
• newBioNTech (BNTX): Fast Track Designation Does Not Justify Current Valuation, Says J.P. Morgan

  

  Monday’s market selloff skipped past BioNTech (BNTX). The German biotech ended the session posting a 12% gain after news that two of the COVID-19 vaccine candidates it is co-developing with partner Pfizer were given Fast Track designation status b…
  - 13 hours ago 16 Jul 20, 12:18am -
• newRoku Stock Is up 40% in a Month. How Much Higher Can It Go?

  

  No matter how you look at it, claims Benchmark analyst Daniel Kurnos, whether we are heading for another lockdown or should restrictions be lifted, OTT leader Roku (ROKU) stands to benefit.Shares of Roku have trended higher recently, adding 40% over…
  - 13 hours ago 15 Jul 20, 11:59pm -
• new3 Cannabis Stocks to Benefit From New York Recreational Cannabis Approval

  

  After the coronavirus fears subside and the U.S. counts the economic toll, the legalization of cannabis is a potential beneficiary. Most states have huge budget deficits with an eye on legalization of especially recreational cannabis as a major sour…
  - 14 hours ago 15 Jul 20, 10:57pm -
• newLook to enjoy the melt up, but be well prepared for a melt down: Investor's Advantage Corp. President

  

  John Grace, Founder and President of Investor’s Advantage Corp., joins The Final Round to highlight what bank earnings means for investors and his outlook for the second half of 2020.
  - 15 hours ago 15 Jul 20, 10:06pm -
• new4 Ways Biogen's Tecfidera Generic Battle Could Play Out For The Stock

  

  Biogen Inc (NASDAQ: BIIB) is caught in more than one legal wrangle with generic companies over patents related to its key multiple sclerosis drug Tecfidera, which was approved by the FDA in March 2013.The Biogen Analyst: Morgan Stanley analyst Matth…
  - 16 hours ago 15 Jul 20, 9:55pm -
• newMoneyGram International, Inc. -- Moody's announces completion of a periodic review of ratings of MoneyGram International, Inc.
  
  - 16 hours ago 15 Jul 20, 9:25pm -
• newElectric carmaker Fisker to go public in $2.9b deal

  

  Fisker announced it would merge with Spartan Energy Acquisition Corp. in a deal that would value the company around $2.9 billion. Fisker Inc. Founder and CEO Henrik Fisker joins The Final Round panel to discuss the electric car industry amid the cor…
  - 17 hours ago 15 Jul 20, 8:29pm -
• newPPP borrowers could face higher state income taxes - here's why
  
  - 18 hours ago 15 Jul 20, 7:52pm -
• newHow Good Is General Electric Company (NYSE:GE), When It Comes To ROE?

  

  While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
  - 18 hours ago 15 Jul 20, 7:34pm -
• new3 Under-the-Radar Mid-Cap Stocks That Score a “Perfect 10”

  

  Finding the right stock is the essence of investing. While that skill has a reputation for being more art than science, a savvy investor knows otherwise. Follow the data, read the trends, and understand the fundamentals; these are the tried and true…
  - 18 hours ago 15 Jul 20, 7:32pm -
• newFlood Of Unusual GE Call Buying Suggests Major Upside In The Next 6 Months

  

  Shares of General Electric Company (NYSE: GE) traded lower Wednesday despite increasing concerns about the economic impact of a second wave of COVID-19 infections nationwide.GE still has a long way to go in demonstrating it's back on the path for lo…
  - 19 hours ago 15 Jul 20, 6:09pm -
• newBuffett’s Ex-Deputy Tracy Britt Cool Makes First Deal for New Venture

  

  (Bloomberg) -- Tracy Britt Cool, who worked for years under Berkshire Hathaway Inc.’s Warren Buffett, kicked off her new venture by taking an ownership stake in Thirty-One Gifts, a provider of luggage, handbags and other products for independent s…
  - 19 hours ago 15 Jul 20, 6:00pm -
• newSteven Cohen Homes in on Otonomy

  

  Guru ups bet in biotech focused on ear-related disorders Continue reading...
  - 20 hours ago 15 Jul 20, 5:15pm -
• newGoHealth CEO on public debut, future of medicare

  

  GoHealth CEO Clint Jones joins the On the Move panel to discuss the company's public debut and the future of medicare.
  - 20 hours ago 15 Jul 20, 5:14pm -
• new3 “Strong Buy” Dividend Stocks Yielding Over 7%

  

  The conventional wisdom is, coronavirus is here to stay. The resurgence in cases in several states, regardless of their efforts at reopening or lockdown (think Texas and California), is seen as the first sign of the ‘second wave.’ Nervous invest…
  - 20 hours ago 15 Jul 20, 4:59pm -
• newCalculating The Fair Value Of United Parcel Service, Inc. (NYSE:UPS)

  

  Does the July share price for United Parcel Service, Inc. (NYSE:UPS) reflect what it's really worth? Today, we will...
  - 21 hours ago 15 Jul 20, 4:29pm -
• newAlibaba Analyst Lowers Second-Half Estimates, Raises Price Target In Shifting E-Commerce Landscape

  

  KeyBanc Capital Markets is lowering its estimates for Alibaba Group Holding Ltd - ADR (NYSE: BABA) in the second half of the year.Traffic shifts to merchant livestreaming could have a negative impact on the Chinese e-commerce giant's monetization, a…
  - 21 hours ago 15 Jul 20, 4:26pm -
• newU.S. rare earths miner MP Materials to go public in $1.47 billion deal

  

  The listing on the New York Stock Exchange would be the first for a U.S. rare earths company since Molycorp went public a decade ago. Molycorp filed for bankruptcy in 2015 and MP Materials bought California's Mountain Pass mine and other Molycorp a…
  - 24 hours ago 15 Jul 20, 1:40pm -
• Have Insiders Been Buying Clovis Oncology, Inc. (NASDAQ:CLVS) Shares?

  

  We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
  - 1 day ago 15 Jul 20, 1:17pm -
• Goldman Sachs Says Buy These 2 Stocks for 30%-Plus Upside

  

  Is anything going to get in the way of the stock market’s rally? Even as the U.S. is expected to report a serious quarterly drop in GDP and unemployment rates remain at elevated levels, the market’s leap forward hasn’t been derailed, with the…
  - 1 day ago 15 Jul 20, 1:07pm -
• Researchers Say AbbVie's Tricor Reduced Severity Of COVID-19 Into 'Nothing Worse Than A Common Cold'

  

  AbbVie Inc (NYSE: ABBV) shares popped Tuesday after researchers found that the large-cap pharma's cholesterol-lowering drug Tricor could work against SARS-CoV2, the virus that causes COVID-19.What Happened: Researchers at Israel's Hebrew University…
  - 1 day ago 15 Jul 20, 12:40pm -
• DraftKings Unveils New Pennsylvania Casino App; Analyst Says Buy Now

  

  Online betting giant DraftKings (DKNG) has announced the launch of a standalone Casino app in Pennsylvania. This marks the second state where the app will be made available, following last month’s launch in New Jersey.According to DraftKings, iG…
  - 1 day ago 15 Jul 20, 9:06am -
• Kroger, America's largest grocer, has stopped giving coins as change

  

  Kroger says its supermarkets can't make change due to a national coin shortage.
  - 2 days ago 14 Jul 20, 8:48pm -
• Another Cloud IPO Has a Triple-Digit Debut, But Beware

  

  (Bloomberg Opinion) -- The U.S. stock market has had a remarkable run since its coronavirus-induced swoon in March, with technology stocks from Big Tech to upstarts leading the comeback and soaring off their lows. A hot stock market tends to st…
  - 2 days ago 14 Jul 20, 6:58pm -
• Equillium (EQ) Stock Price Target Gets a Big Boost; Here’s What You Need to Know

  

  Headline grabbing biotechs are far from a rare sight in 2020. Nevertheless, when a little-known micro-cap pops by 730% in a single trading session, avid market followers are likely to take notice.And so to Equillium (EQ), the aforementioned little k…
  - 2 days ago 14 Jul 20, 3:47pm -
• Delta CEO: We cannot commit to no furloughs in October

  

  Delta CEO Ed Bastian joins Yahoo Finance's Adam Shapiro to discuss the company's second quarter earnings, and what's next for the recovering airline industry.
  - 2 days ago 14 Jul 20, 3:35pm -

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