• Uber’s delivery business tops core ride-hailing as pandemic rocks earnings Link
    MarketWatch Thu 06 Aug 2020 22:39
  • OPINION: Boomers, don't make massive retirement mistakes because of the pandemic. Keep your emotions out of it, and stay in the stock market -- or else lose out on growing your money. Link
    MarketWatch Thu 06 Aug 2020 22:29

    That’s what many baby boomers are learning or relearning the hard way. Already out of the workforce or on the brink of retirement, these folks have been hit by the triple whammy of the coronavirus pandemic, the deepest recession since the Great Depression, and a huge market selloff that took the Dow Jones Industrial Average DJIA,

  • ‘Will the public be ready for a vaccine?’ Many Americans say they won’t get the coronavirus vaccine if one is developed MarketWatch Thu 06 Aug 2020 22:09
  • Almost 5 million new customers shopped on Wayfair's website in the second quarter. As COVID-19 spread, lockdowns have forced people to spend more time at home, driving sales at those retailers and brands that specialize in home goods. Link
    MarketWatch Thu 06 Aug 2020 21:59

    The number of new shoppers to Wayfair Inc. skyrocketed during the second quarter, with the home furnishings retailer seeing five million new customers on its site.

    “What was, even before COVID, an inextricable shift to e-commerce then became supercharged over the last several months, and we believe much of this step change in online penetration will prove to be sticky,” said Niraj Shah, Wayfair’s W,

  • Bill Gates: Another crisis looms and it could be worse than the coronavirus Link
    MarketWatch Thu 06 Aug 2020 21:49
  • Robinhood investors are beating the stock market — and here’s the data that proves it Link (OPINION)
    MarketWatch Thu 06 Aug 2020 21:34

    It is hard to go an hour without seeing another headline related to Robinhood cross the screen, as the investing world has been captivated by the motley crew of investors that call the Reddit stock and option trading community r/wallstreetbets home.

    What piqued my interest was Hertz HTZ,

  • Groupon stock soars as results top Street view Link
    MarketWatch Thu 06 Aug 2020 21:14
    shares soared in the extended session Thursday after the online-coupon company beat Wall Street estimates by a wide margin in the second quarter. Groupon shares rallied 30% after hours, following a 0.5% decline in the regular session to close at $16.45. The company reported a second-quarter loss of $72.1 million, or $2.53 a share, compared with $40.2 million, or $1.42 a share, in the year-ago period. Excluding such items as stock-based compensation, the adjusted loss was 93 cents a share. Revenue declined to $395.6 million from $532.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $2.75 a share on revenue of $183.3 million. Groupon said it would start on a second round of layoffs in August to reduce expenses but did not provide a specific headcount for the phase. Back in April, Groupon said it was cutting or furloughing about 44% of its total workforce by July 2021.

  • Borrowers are still having their paychecks seized over defaulted student-loans, even though the CARES Act was supposed to stop wage garnishment, lawsuit says MarketWatch Thu 06 Aug 2020 21:04
  • Almost 5 million new customers shopped on Wayfair's website in the second quarter. Wayfair stock has more than tripled for the year to date, up 230.6%. Link
    MarketWatch Thu 06 Aug 2020 20:54

    The number of new shoppers to Wayfair Inc. skyrocketed during the second quarter, with the home furnishings retailer seeing five million new customers on its site.

    “What was, even before COVID, an inextricable shift to e-commerce then became supercharged over the last several months, and we believe much of this step change in online penetration will prove to be sticky,” said Niraj Shah, Wayfair’s W,

  • A bullish ‘golden cross’ forms in the Dow industrials Link
    MarketWatch Thu 06 Aug 2020 20:39
    , more than five months after a bearish chart pattern materialized in the aftermath of the carnage wrought by the COVID-19 pandemic.

    A golden cross occurs when the 50-day moving average for an asset price trades above the 200-day MA, while a so-called death cross, comparatively, is when the 50-day falls below the long-term average.

  • Uber loses $1.8 billion as riding hailing business falls off due to the pandemic Link
    MarketWatch Thu 06 Aug 2020 20:29

    Uber Technologies Inc. posted another quarterly loss of more than $1 billion Thursday as the COVID-19 crisis took a toll on its core ride-hailing business, which was actually surpassed by Uber’s food-delivery business.

    Uber UBER,

  • Trump says aluminum tariffs reimposed on Canada Link
    MarketWatch Thu 06 Aug 2020 20:24
  • Costco’s more affluent customers helped prevent the sales slowdown that other major retailers saw in July, analysts say MarketWatch Thu 06 Aug 2020 20:24
  • RT @slangwise: 35 countries, including Russia and Mexico, are less miserable than the U.S., apparently Link https://t.co…
    MarketWatch Thu 06 Aug 2020 20:19

    The U.S. fell a whopping 25 spots — more than any other country — to No. 25 on the index. Only Iceland, Israel and Panama even came close to that level of deterioration, Bloomberg reported.

    Here’s a look at the top and bottom dwellers on the list:

    As you can see, Venezuela, Argentina, South Africa, and Turkey held their spots as the world’s four most miserable economies. Venezuela, with its nosebleed inflation figures, has taken the dubious distinction at the top of the list for six years running.

  • Stocks end higher on tech-led gains as Nasdaq scores another record Link
    MarketWatch Thu 06 Aug 2020 20:09

    Stocks finished higher Thursday, with tech shares propelling the Nasdaq Composite to its 32nd record close of 2020 and its first finish above the 11,000 milestone. Stocks found support after an unexpected drop in first-time jobless claims and as investors awaited developments on talks between lawmakers and the White House on a fresh round of coronavirus aid. The Dow Jones Industrial Average DJIA,

  • As the stock rally persists, a bullish 'golden cross' is forming in the Dow Link
    MarketWatch Thu 06 Aug 2020 20:09
    , more than five months after a bearish chart pattern materialized in the aftermath of the carnage wrought by the COVID-19 pandemic.

    A golden cross occurs when the 50-day moving average for an asset price trades above the 200-day MA, while a so-called death cross, comparatively, is when the 50-day falls below the long-term average.

  • Trump may be able to extend the eviction moratorium on his own, Nancy Pelosi said. The eviction moratorium formally expired July 25 -- but because a 30-day notice of eviction is required, the practical date of the moratorium’s end is Aug. 24. Link
    MarketWatch Thu 06 Aug 2020 20:04

    The Trump administration might be able to extend the federal moratorium on tenant evictions unilaterally, House Speaker Nancy Pelosi said Wednesday.

    Pelosi’s comments came as an agreement struck Tuesday — to try to work out the framework for another stimulus package by the week’s end that could be turned into legislation next week — appeared to fray, with both sides raising doubts about the likelihood of that happening.

  • Major stock indexes punch higher Thursday as Congress works on more stimulus Link
    MarketWatch Thu 06 Aug 2020 20:04
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  • Housing finance regulator to require multifamily landlords in forbearance to notify tenants of eviction protections MarketWatch Thu 06 Aug 2020 19:49
  • Android phones using Qualcomm chip vulnerable to hacks, Check Point says Link
    MarketWatch Thu 06 Aug 2020 19:34
    Android operating system have hundreds of vulnerabilities that hackers can exploit to spy on users, according to cybersecurity company Check Point Software Technologies on Thursday. The company said it found more than 400 vulnerabilities in Qualcomm's digital signal processor chip that could allow hackers to access video, photos, audio, and microphone data on a target's phone, as well as render the phone inoperable. Check Point said it disclosed the finding to Qualcomm and decided not to publish technical details until mobile vendors had patched the vulnerabilities. "Although Qualcomm has fixed the issue, it's sadly not the end of the story," said Yaniv Balmas, head of cyber research at Check Point. "Hundreds of millions of phone are exposed to this security risk. You can be spied on. You can lose all your data." About 40% of phones on the market, made by Google, Samsung 005930,
  • The number of Americans skipping mortgage payments is falling — except those with Ginnie Mae loans. "The Ginnie Mae segment tends to have more lower-income families and communities of color than the conventional market," an expert said. Link
    MarketWatch Thu 06 Aug 2020 19:34

    For nearly two months now, the share of mortgage borrowers who has received approval to skip their monthly loan payments has fallen precipitously.

    But a new trend has begun to develop, which indicates that some homeowners are facing more financial pressure as the coronavirus pandemic continues.

  • 15 people were hospitalized for drinking methanol-laced hand sanitizer in May and June. Four of them died. Link
    MarketWatch Thu 06 Aug 2020 19:24

    The warning comes on the heels of the Food and Drug Administration’s (FDA) expanding list of recalled hand sanitizer products that it says contain methanol, which is a toxic substance that could cause death if too much is absorbed into the skin or it is consumed. Alcohol-based hand sanitizer should only contain ethanol (ethyl alcohol) or isopropanol (isopropyl alcohol), which are safe to use. But some products imported into the U.S. have been found to contain methanol -— despite claiming to have ethanol. Now the FDA’s “do not touch” list of toxic hand sanitizer brands has spilled over to 75 products, including brands such as Blumen and Hello Kitty by Sanrio.

    Read more:The FDA’s list of toxic sanitizers is surging—now at 75. Here’s why

  • A bullish ‘golden cross’ is forming in the Dow industrials Link
    MarketWatch Thu 06 Aug 2020 19:09
  • Bill Gates: Another crisis looms and it could be worse than the coronavirus Link
    MarketWatch Thu 06 Aug 2020 19:04
  • French President Emmanuel Macron, the first world leader to visit Beirut since the massive explosion on Tuesday, said that “Lebanon will continue to sink” if serious reforms aren’t carried out. Link
    MarketWatch Thu 06 Aug 2020 18:49

    French President Emmanuel Macron arrived in Beirut on Thursday, following the deadly blast that killed at least 135 people and injured more than 5,000, and called for the country’s ruling elite to make urgent reforms.

    Macron, the first world leader to visit the Lebanese capital since the massive explosion ripped through it on Tuesday, said that “Lebanon will continue to sink,” if serious reforms aren’t carried out, according to reports by Reuters.

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