• These bot accounts have been spreading more than 100 types of inaccurate pandemic stories and conspiracy theories. Link
    MarketWatch Sat 30 May 2020 12:29

    What’s more, 82% of the top 50 most influential coronavirus/COVID-19 retweeters were bots, as were 62% of the top 1,000 retweeters, according to the report.

    “We’re seeing up to two times as much bot activity as we’d predicted based on previous natural disasters, crises and elections,” wrote Kathleen Carley, a professor in the School of Computer Science’s Institute for Software Research and director of the Center for Informed Democracy & Social - Cybersecurity (IDeaS.)

  • Why is the U.S. stock market ignoring a brewing crisis in Hong Kong? Link
    MarketWatch Sat 30 May 2020 12:04
  • The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target Link
    MarketWatch Sat 30 May 2020 11:39
  • As SpaceX sends Americans into orbit, investors can take this ETF to a new frontier Link
    MarketWatch Sat 30 May 2020 11:14
  • Some workers are wondering if they should work from home... forever. Would you do it? Link
    MarketWatch Sat 30 May 2020 10:59

    Twitter, Square, Shopify and Facebook  employees were told they can work from home even after the pandemic ends.

    “As we’ve become accustomed to working outside the office, it’s become clear that we don’t need everyone to be physically present to do great work,” Lori Goler, vice president of people at Facebook said in a post on Thursday “From now on, we are moving toward making remote work a more permanent part of our culture.”

  • Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight Link
    MarketWatch Sat 30 May 2020 10:34

    Kimberly Petersen, chief of police for Fremont, Calif., suspected Elon Musk would not stand by quietly as public health officials idled his Tesla factory.

    “We know where this will go,” Petersen wrote in a March 21 email to other local officials, seen by MarketWatch, that detailed her “ongoing conflict with a large and prominent auto manufacturer” in the city, more than a month before Musk decried the COVID-19 closures as “fascist.”

  • Here's what a post-lockdown trip to the salon may start to look like: Link
    MarketWatch Sat 30 May 2020 10:04

    Americans on lockdown have been eagerly waiting for hair stylists and nail salons to open so they can touch up gray roots and tend to ragged cuticles.

    But clients returning to salons in states where they’re back in business should brace for a radically different experience: Gone are the days when groups of friends could hang out while getting mani-pedis together. And getting your stylist caught up on your love life, or any other unnecessary chatter, is now a relic of the pre-outbreak world.

  • Earnings before interest, taxes, depreciation, amortization and ... coronavirus? Companies are getting creative with their accounting during the pandemic, and it may not paint a full picture of their business. Link
    MarketWatch Sat 30 May 2020 09:39

    The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the crisis hadn’t all but shut the economy down.

    Before companies began reporting first-quarter earnings, Twitter users joked that the outbreak would prompt new non-standard metrics that could be summarized as “earnings before COVID-19,” or EBITDAC, and they even created a series of coffee mugs that satirized the concept. Indeed, some companies chose to post earnings metrics that removed the pandemic’s impact.

  • Some areas of the economy will not come back, at least not in the next five years, says the chief investment officer at wealth management firm London & Capital Link
    MarketWatch Sat 30 May 2020 09:24

    With many countries beginning to emerge from lockdown in the wake of the coronavirus pandemic attention has turned to the economic recovery .

    The potential shape of that recovery - U-shaped, W-shaped, V-shaped or even ‘square root-shaped’ - has split economists and strategists. All 50 U.S. states, along with the majority of European countries, have now taken steps towards reopening following lockdown restrictions.

  • Biden to Trump: "Enough." Link
    MarketWatch Sat 30 May 2020 08:59

    Joe Biden on Friday criticized President Donald Trump’s response to the violent protests in Minneapolis over the death of George Floyd, blasting the Republican incumbent in tweets and a short speech.

    There have been three straight nights of protests sparked by anger over the death of Floyd, a handcuffed black man who died while in police custody. Minnesota’s governor has called in the National Guard to try to stem the violence.

  • Here’s everything coming to Amazon Prime Video in June 2020 Link
    MarketWatch Sat 30 May 2020 08:34
  • With veto, Trump backs DeVos in battle over relief for scammed student-loan borrowers Link
    MarketWatch Sat 30 May 2020 08:09
  • Why virus stocks are driving market volatility Link
    MarketWatch Sat 30 May 2020 07:44

    The market’s erratic response to lukewarm medical research for COVID-19 treatment and vaccine candidates isn’t expected to slow down as investors pin their hopes for a recovery on the high-risk biotechnology sector.

    “In the coming few months, the stock market, especially related to COVID-19, will continue to be volatile,” said Difei Yang, a biotech analyst at Mizuho Securities. “It’s driven by retail investors, rather than institutional investors…they react to headline news, and the market reacts.”

  • WFH... forever? Pro: Save $5,000 on commuting Con: A possible pay cut Link
    MarketWatch Sat 30 May 2020 07:19

    Twitter, Square, Shopify and Facebook  employees were told they can work from home even after the pandemic ends.

    “As we’ve become accustomed to working outside the office, it’s become clear that we don’t need everyone to be physically present to do great work,” Lori Goler, vice president of people at Facebook said in a post on Thursday “From now on, we are moving toward making remote work a more permanent part of our culture.”

  • Be prepared to wash your own hair and pay a COVID-19 fee. Your trip to the hair salon and barbershop won’t be the same after the lockdown Link
    MarketWatch Sat 30 May 2020 06:54

    Americans on lockdown have been eagerly waiting for hair stylists and nail salons to open so they can touch up gray roots and tend to ragged cuticles.

    But clients returning to salons in states where they’re back in business should brace for a radically different experience: Gone are the days when groups of friends could hang out while getting mani-pedis together. And getting your stylist caught up on your love life, or any other unnecessary chatter, is now a relic of the pre-outbreak world.

  • Some unemployed people may never go back into the workforce, forcing many to ask themselves: Should I just retire? Link
    MarketWatch Sat 30 May 2020 06:24

    The coronavirus crisis has pushed thousands of Americans into unemployment — and some workers may decide just not to return. 

    Many of the newly unemployed have chosen not to look for more work, according to a recent working paper. In the survey prior to the crisis, most of the people who left the workforce and did not plan to return said they were retired, disabled, raising children, students or didn’t need work. In the survey after the crisis began, the number of people who claimed to retire jumped from 53% to 60%, according to the report out of the University of Chicago’s Becker Friedman Institute. The study used a repeated survey of households to determine the impact of the pandemic on the labor markets. 

  • Check your junk mail — 4 million Americans are getting their stimulus payments as prepaid debit cards, not checks Link
    MarketWatch Sat 30 May 2020 06:14
  • The stock market has been rising. Is that why Trump is attacking China? Link
    MarketWatch Sat 30 May 2020 06:04
  • Mortgage rates hit another all-time low as home buyers rush to secure cheap financing Link
    MarketWatch Sat 30 May 2020 05:49
  • Doh! Some people have thrown out their stimulus debit card, thinking it was junk mail. Link
    MarketWatch Sat 30 May 2020 05:39

    Nearly 4 million people will receive a prepaid debit card instead of a paper check, which was determined by the Bureau of the Fiscal Service, another part of the Treasury Department that works with the IRS to handle distribution of the payments. In some cases, people who qualified for an Economic Impact Payment, but whose bank account information was not on file with the IRS, received a debit card in lieu of a check or a direct deposit.

  • The new tax deadline is coming up: July 15. As of mid-May, the IRS received 11.7 million fewer returns than it did at the same point the year before, an 8.2% drop year-over-year. Link
    MarketWatch Sat 30 May 2020 05:29

    When the Trump administration pushed this year’s income-tax deadline from April 15 to July 15, it intended to give taxpayers some peace of mind and extra cash flow amid the coronavirus outbreak.

    Those extra three months might also give people a chance to reduce their tax bill — so long as they feel they have solid financial footing at this precarious moment, experts say.

  • This couple's investments survived the dot-com boom, 9/11 and the Great Recession -- and now the coronavirus pandemic. These early retirees have some advice for the rest of us: Don't panic out of the market. Link
    MarketWatch Sat 30 May 2020 05:14

    Nearly 30 years ago, Billy and Akaisha Kaderli decided they wanted to retire at 38 — in that time, they have experienced cities around the world and their money has survived numerous financial crises. Yet, they’re still doing better financially than when they started their journey, they said.

  • Tom Brady is selling ‘a part of the Brady family’ for $300,000 Link
    MarketWatch Sat 30 May 2020 05:04
  • Trump trade-war collateral damage: $1.7 trillion in U.S. companies' value Link
    MarketWatch Sat 30 May 2020 04:59

    The billions in tariffs hurled back and forth between Washington and Beijing have reduced the market value of U.S.-listed companies by $1.7 trillion during the course of the 2-year-old tax offensive. The conflict will continue to weaken the investment growth rate for these businesses up to two percentage points by year’s end, the study said.

    The trade war is causing financial loss for several reasons, from the inefficient pricing that taxes can create, to supply disruptions, to companies’ pricey adaptations to the levies, among others. But this particular cause of losses is largely sentiment-based.

  • Mayor's plea to protesting Atlantans: 'Go home' Link
    MarketWatch Sat 30 May 2020 04:59

    Bottoms suggested that rioters in her city had unwittingly switched the conversational topic from the “murder of an innocent man” in Minnesota to the destruction of property in Atlanta, as damage being done to CNN’s headquarters flashed across television screens worldwide, with protests and acts of vandalism and looting under way in multiple cities across the country following the death in police custody of Floyd, an unarmed black forgery suspect, early this week in Minneapolis.

    “This is not a protest. This is not in the spirit of Martin Luther King Jr. This is chaos,” Bottoms said of the street activity in her city. “A protest has purpose.”

    She cited the past black mayors and police chiefs of Atlanta and the 50%-plus of local businesses that, she said, are minority-owned and even Ted Turner — who founded CNN T,

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