The U.S. dollar is looking shaky. Barring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts said. The ICE U.S. Dollar Index DXY, -0.36%, a measure of the currency against a basket of six major rivals fell 1.6% in the past week, […]
There are good economic reports, there are bad ones, and in some rate cases there are ugly ones. Next week, we get ugly. We will find out how deep a hole the U.S. economy fell into in the second quarter this year when non-essential businesses closed down in many parts of the U.S. and many […]
MARKETWATCH FRONT PAGE ‘We are still in a pretty big first wave,’ says Dr. Anthony Fauci, the veteran epidemiologist. See full story. Pharma stocks fall as Trump targets drug prices with executive orders As President Donald Trump on Friday afternoon says he’s signing four executive orders aiming to lower drug prices, pharmaceutical companies’ shares close […]
By Yury Zolotarev and Andrew Osborn KHABAROVSK/MOSCOW (Reuters) – Tens of thousands marched in the Russian far east on Saturday, the third such weekend protest in a row, to express their anger over what they say is President Vladimir Putin’s mishandling of a local political crisis. Residents of Khabarovsk, around 3,800 miles (6,110 km) and […]
1 / 1 3 storm systems bearing down on United States, the Caribbean Three separate storm systems are bearing down on the United States and the Caribbean. The tropical threats include Hurricane Douglas in the Pacific Ocean, which is barreling toward Hawaii; Tropical Storm Hanna in the Gulf of Mexico, which will make landfall on […]
Bernie Sanders Airplane Joe Raedle/Getty Images Sen. Bernie Sanders called Tesla CEO Elon Musk a “hypocrite” and “pathetic” over his tweet disparaging another government stimulus package. “Another government stimulus package is not in the best interests of the people imo,” Elon Musk said on Twitter on Friday. Musk on Friday said only direct payments should […]
ASU/Maricopa County Sheriff’s Office The case of a missing Arizona State University professor who vanished in March took a dark turn on Friday as police announced the discovery of his remains in a landfill, allegedly dumped by two Louisiana teenagers. Junseok Chae, associate dean for research at ASU’s School of Engineering, was reported missing March […]
Getty Images for iHeartMedia Charlamagne Tha God has hit out at Democratic presidential contender Joe Biden for branding Donald Trump the “first” racist president. Mr Biden had criticised Mr Trump for what he called “his spread of racism” on Wednesday, calling him the “first” racist to be elected president. “The way he deals with people […]
Verizon Communications Inc. shares gained Friday after the company posted results that analysts called “clean” and “reliable.” The wireless operator topped both revenue and adjusted earnings expectations for the June quarter even as both dipped from a year ago as the company felt the effects from COVID-19. In particular, Verizon’s VZ, +1.79% media business saw […]
The Federal Reserve has proven it knows how to keep credit flowing during a crisis. Look at the record debt already issued this year by highly rated and speculative-grade U.S. corporations during the pandemic. But bond investors now also expect the Fed’s unprecedented stimulus sloshing around financial markets to turn the tide on the credit […]