Market Watch - Top Stories

• newWhat determines when Americans reclaim ‘liberty’? Jim Jordan demands of Dr. Fauci — here is his answer
  Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, was appearing before a House Select Subcommittee on the Coronavirus Crisis.
  - 3 hours ago 16 Apr 21, 4:44am -
• newMarket Extra: With close above 34,000, the Dow has already cleared four thousand-point mile markers in 2021
  Another day, another milestone for the Dow Jones Industrial Average, which on Thursday marked its first close above 34,000 in its history.
  - 3 hours ago 16 Apr 21, 4:40am -
• newThe Moneyist: My boyfriend agreed to go part-time to look after my teenage kids. I paid him $650 a month. We split up — and now he’s crying foul
  ‘Since we have separated, I gave him a car, paid for his phone, paid for his car insurance and his health insurance.’
  - 4 hours ago 16 Apr 21, 4:08am -
• newCapitol Report: Lawmakers launch bipartisan ‘SALT caucus,’ escalating push to remove cap on federal deductions for U.S. state and local taxes
  A drive led by some U.S. lawmakers from high-tax states gains steam on Thursday, as they launch a bipartisan "SALT Caucus."
  - 4 hours ago 16 Apr 21, 4:00am -
• newThe Moneyist: I’m on track to retire at 58. My fiancée is in debt and drives my old car, and I support her family. How do I ensure my son inherits my wealth after I die?
  ‘My concern is that if I am married, the savings I have would go to her and subsequently her children, bypassing my son.’
  - 4 hours ago 16 Apr 21, 3:48am -

• newThe Moneyist: My wife makes $200K a year, but gives us $700 a month, and $3,000 to her brother and mother ‘to keep them in the good life’
  ‘My wife gave her mother Power of Attorney over all of her finances.’
  - 5 hours ago 16 Apr 21, 2:45am -
• newKey Words: ‘From a traditional perspective, the market is fractured and possibly in the process of breaking completely,’ says hedge-fund titan Einhorn
  David Einhorn says that regulators are asleep on the Wall Street beat and that anomalies in the market are increasingly being ignored.
  - 7 hours ago 16 Apr 21, 1:01am -
• newTaxWatch: April 15 is not tax day in 2021, but it’s still a crucial deadline for some taxpayers — are you among them?
  There are plenty of upcoming dates that taxpayers need to be ready for.
  - 7 hours ago 16 Apr 21, 12:41am -
• newDispatches from a Pandemic: Mass vaccination was never expected to go perfectly — or provide 100% protection against COVID-19
  Health professionals say the Johnson & Johnson and AstraZeneca sagas, reports of vaccinated people catching the virus, and other risks are built into the entire process.
  - 9 hours ago 15 Apr 21, 11:21pm -
• newThe Moneyist: My fiancée’s mother asked us to raise her 2 kids, as we live in a good school district and she has a gambling addiction — then she claimed their stimulus checks
  ‘I advised her to leave the money as the IRS may eventually ask for it back. Her new boyfriend then quickly told her to withdraw it anyway.’
  - 9 hours ago 15 Apr 21, 11:19pm -

MarketWatch - MarketPulse

• new: PTC stock ticks higher following inclusion on S&P 500

  

  PTC Inc. PTC shares ticked higher in the extended session Thursday after S&P Dow Jones Indices announced that the product-management software company would be joining the S&P 500 index SPX. PTC shares rose 1.3% after hours, following a 0.7% rise to…
  - 10 hours ago 15 Apr 21, 9:41pm -
• newDow ends at 34,000 for first time; S&P 500 notches record as jobless claims hit pandemic low, retail sales surge

  

  The S&P 500 and Dow clinched fresh records Thursday, after economic reports continued to affirm a healthy recovery from the pandemic, highlighted by retail sales surging in March on the back of fiscal stimulus checks to consumers and jobless benefit…
  - 12 hours ago 15 Apr 21, 8:05pm -
• newMerck scraps two treatments for hospitalized COVID-19 patients, will focus on antiviral for non-hospitalized patients

  

  Shares of Merck & Co. were up 0.1% in premarket trading on Thursday after the drug company said the oral antiviral COVID-19 treatment it is developing with Ridgeback Biotherapeutics did not help hospitalized patients in a mid-stage clinical trial.…
  - 12 hours ago 15 Apr 21, 7:48pm -
• newOil futures up 4 sessions in a row

  

  Oil futures climbed Thursday to tally a fourth session gain in a row. A higher forecast for global oil demand from the International Energy Agency and recent data from the Energy Information Administration showing a third straight weekly decline in…
  - 13 hours ago 15 Apr 21, 6:37pm -
• newAgilon Health stock soars in its debut to lift the company's valuation above $11 billion

  

  Investors cheered the public debut of Agilon Health Inc. , as shares of the California-based provider of support services for primary care physicians opened 23% above its initial public offering price, then extended gains. Agilon's IPO priced late W…
  - 13 hours ago 15 Apr 21, 6:32pm -

• newBank ETFs tumble even as earnings come in strong

  

  Exchange-traded funds tracking the banking sector fell Thursday even as big banks reported quarterly results that blew away analyst expectations. The broad Financial Select Sector SPDR Fund lost 0.5% midday Thursday, while funds more focused on ban…
  - 14 hours ago 15 Apr 21, 5:58pm -
• newGold futures settle at a 7-week high

  

  Gold futures climbed Thursday, with a steep decline in U.S. Treasury bond yields prompting prices to settle at their highest since late February. Gold also garnered some support as upbeat U.S. economic data lifted inflation prospects. Rising U.S. te…
  - 14 hours ago 15 Apr 21, 5:42pm -
• newSenate, House to hold hearings with major bank CEOs in late May

  

  Rep. Maxine Waters of California and Sen. Sherrod Brown of Ohio announced Thursday that the House Financial Services Committee and the Senate Banking Committee will hold hearings featuring the CEOs of the nation's largest banks, including JPMorgan C…
  - 15 hours ago 15 Apr 21, 5:00pm -
• newHouse approves legislative blueprint to rein in Big Tech

  

  The U.S. House of Representatives Judiciary Committee on Thursday approved a scathing 450-page report advocating legislation to rein in Big Tech's expansive powers. The report, released in October, recommends an overhaul of antitrust law to counter…
  - 15 hours ago 15 Apr 21, 4:42pm -
• newBiden to give speech on Russia Thursday after new sanctions

  

  President Joe Biden will deliver remarks on Russia around 4:30 p.m. Eastern Thursday, the White House said in a statement. The speech comes after the Biden administration announced new sanctions on Russia for "malign activities," including the curre…
  - 15 hours ago 15 Apr 21, 4:42pm -
• newTuSimple stock opens just slightly above IPO prices, then sinks below it

  

  TuSimple Holdings Inc. received a relatively cold reception on Wall Street Thursday, as the San Diego-based self-driving truck maker's stock opened just 0.6% above the initial public offering price of $40 a share then fell below it. Investors were…
  - 16 hours ago 15 Apr 21, 4:02pm -
• newUPDATE: CDC says just 5,800 people who were fully vaccinated against COVID got infected: CNN

  

  The Centers for Disease Control and Prevention has identified about 5,800 cases of people who were fully vaccinated against the coronavirus-borne illness COVID-19 but got infected anyway, CNN reported. That's just a tiny sliver of the roughly 124 mi…
  - 16 hours ago 15 Apr 21, 3:40pm -
• newEsports rockets more than 4-fold in volatile, public debut

  

  Shares of Esports Technologies Inc. blasted out of the gate Thursday, and kept rising in volatile trading, as the Las Vegas-based online gambling company's stock opened at more than triple the initial public offering price. The stock's first trade…
  - 16 hours ago 15 Apr 21, 3:39pm -
• newNatural-gas prices edge up as EIA reports a 61 billion cubic foot rise in U.S. natural-gas supplies

  

  The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 61 billion cubic feet for the week ended April 9. That compares with an average increase of 65 billion cubic feet forecast by analysts poll…
  - 17 hours ago 15 Apr 21, 2:42pm -
• newCleanSpark stock surges after deal to buy nearly 23,000 more bitcoin miners

  

  Shares of CleanSpark Inc. surged 5.6% in morning trading Thursday, after the energy software and bitcoin mining company said it has bought 22,680 additional bitcoin miners, which the company expects will provide it with a total of mining production…
  - 18 hours ago 15 Apr 21, 1:55pm -
• newAmazon CEO Jeff Bezos total 2020 pay stays at $1.7 million, with most representing security costs

  

  Amazon.com Inc. Chief Executive Jeff Bezos base salary for 2020 remained at $81,840, the same as 2019 and just a little more than double the median total compensation U.S. full-time employees of $37,930. In the ecommerce and cloud giant's 2020 prox…
  - 18 hours ago 15 Apr 21, 1:37pm -
• newStocks jump at the open as Coinbase rises, Americans go shopping

  

  U.S. stocks opened higher Thursday amid a raft of strong economic reports and corporate results. The Dow Jones Industrial Average added 177 points, or 0.5%, according to preliminary estimates, to open near 33,908, while the S&P 500 gained 25 point…
  - 18 hours ago 15 Apr 21, 1:31pm -
• newDow futures hold gains after industrial-production report

  

  U.S. stocks were indicated higher Thursday morning after a report on industrial production. March industrial production rose 1.4% versus consensus estimates for a rise of around 3.0%. Futures for the Dow Jones Industrial Average , up 0.5% at 33,78…
  - 19 hours ago 15 Apr 21, 1:22pm -
• newHome Depot aims to step up delivery speed in South Florida with three new facilities

  

  Home Depot Inc. has opened three distribution centers "from West Palm Beach and Miami to Fort Myers" in an effort to speed delivery times across South Florida. Two more Miami distribution centers are coming in 2022. The five facilities will create…
  - 19 hours ago 15 Apr 21, 1:13pm -
• newDelta reports wider-than-expected loss but revenue beats, sees positive cash flow in June quarter

  

  Shares of Delta Air Lines Inc. rose 0.6% in premarket trading Thursday, after the air carrier reported a wider-than-expected first-quarter loss, but revenue that beat forecasts and said it expects to generate cash in the current quarter and return…
  - 19 hours ago 15 Apr 21, 1:04pm -
• newGold futures trade higher after jobless claims falls to pandemic low

  

  Contracts for gold on Thursday were trading solidly higher after reports on the U.S.s economic recovery from the COVID pandemic. U.S. retail sales minus autos & gas rose 8.2% in March and U.S. initial jobless claims fell to 576,000 in the latest we…
  - 19 hours ago 15 Apr 21, 12:39pm -
• newU.S. stock-index futures hold higher after crush of economic reports including retail sales and jobless claims

  

  U.S. stock-index futures maintained solid gains Thursday morning after a batch of economic reports provided further evidence of a steady recovery for the American economy from COVID unfolding. Market Pulse Stories are Rapid-fire, short news bursts…
  - 19 hours ago 15 Apr 21, 12:35pm -
• newBrown-Forman names Leanne Cunningham CFO effective July 2

  

  Jack Daniel's parent Brown-Forman Corp. said Thursday it has named Leanne Cunningham chief financial officer, replacing Jane Morreau, who is leaving after a nearly three-decade career at the booze company. Cunningham is currently senior vice presid…
  - 19 hours ago 15 Apr 21, 12:33pm -
• newAmerican Eagle Outfitters shares jump as Q1 revenue approaches $1 billion

  

  American Eagle Outfitters Inc. stock rose nearly 5% in Thursday premarket trading after the retailer's first-quarter business update showed revenue that is "on track" to exceed $1 billion. "Demand has accelerated across the American Eagle and Aerie…
  - 19 hours ago 15 Apr 21, 12:32pm -
• newCitigroup Q1 profit more than trebles as it announces shake-up of consumer business in Asia and EMEA

  

  Citigroup Inc. shares jumped 3% in premarket trade Thursday, after the bank posted record profit for the first quarter as it released $1.8 billion from its loan loss reserves and announced a shake-up of its Asia and EMEA consumer banking business.…
  - 20 hours ago 15 Apr 21, 12:16pm -
• new: U.S. to slap tough new sanctions on Russia over election meddling and hacking

  

  Sputnik/AFP via Getty ImagesThe Biden administration is due to announce on Thursday severe new sanctions on Russia for election interference and other malign activity, according to government officials quoted in several U.S. news media.The measures…
  - 20 hours ago 15 Apr 21, 12:14pm -
• newCoty to issue up to $750 million of high-yield bonds in private offering

  

  Coty Inc. said Thursday it plans to offer up to $750 million of senior secured high-yield bonds in a private transaction, joining the many companies issuing debt during the pandemic. Proceeds of the deal will be used to repay part of the cosmetic c…
  - 20 hours ago 15 Apr 21, 11:44am -
• newRite Aid reports narrower losses, sales beat

  

  Rite Aid Corp. shares rose 1.3% in Thursday premarket trading after the pharmacy retailer reported a fourth-quarter sales beat. Net losses totaled $18.5 million, or 34 cents per share, after a loss of $324.7 million, or $6.08 per share, last year.…
  - 20 hours ago 15 Apr 21, 11:30am -
• newKarat Packaging IPO prices below range at $16 a share

  

  Karat Packaging Inc. said Thursday it initial public offering priced at $16 a share, below its proposed price range of $18 to $20. The maker of environmentally friendly disposable food product packaging sold 3.95 million shares to raise $63.2 milli…
  - 21 hours ago 15 Apr 21, 11:22am -
• newThermo Fisher to buy PPD, in a cash deal valued at $17.4 billion, plus debt

  

  Shares of PPD Inc. rallied 7.3% in premarket trading Thursday, after Thermo Fisher Scientific Inc. confirmed an agreement to buy the pharmaceutical-testing company in a cash deal valued at $17.4 billion, plus the assumption of $3.5 billion in debt.…
  - 21 hours ago 15 Apr 21, 11:17am -

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