Fuel maker Marathon Petroleum Corp. said it has agreed to sell its gas stations to the owners of the 7-Eleven convenience store chain for $21 billion in the largest U.S. energy deal of the year. The all-cash agreement with 7-Eleven Inc. comes less than a year after Marathon agreed to spin off its convenience-store chain, […]
The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros. A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has it right with his recent […]
Dr. Deborah Birx, the coordinator of the White House’s coronavirus task force, warned Sunday that the COVID-19 pandemic has entered a “new phase,” while House Speaker Nancy Pelosi said she has no confidence in Birx. Speaking Sunday on CNN’s “State of the Union,” Birx said the coronavirus is much more widespread than it was months […]
“ ‘At no point in my career or life have I felt our nation’s values under greater threat and in more peril than at this moment.’ ” That’s Lt. Col. Alexander Vindman, former director for European Affairs for the U.S. National Security Council, unloading on the Trump administration in an op-ed in the Washington Post. […]
Anthony Fauci and President Trump are still at odds. Fauci, director of the National Institute of Allergy and Infectious Diseases for three decade who has worked on the front lines of the AIDS pandemic in the 1980s and 1990s, the Ebola outbreak of 2014 to 2016 and the anthrax attacks two decades ago, testified before […]
Members of Moms United for Black Lives Matter brace themselves against tear gas fired by federal officers in Portland, Oregon: Getty Images A US intelligence official with the Department of Homeland Security (DHS) has been reassigned following revelations that his office compiled “intelligence reports” on journalists and analysed communications between protesters amid ongoing demonstrations in […]
The tombs of the pharaohs were constructed thousands of years ago Egypt has invited billionaire Elon Musk to visit the country and see for himself that its famous pyramids were not built by aliens. The SpaceX boss had tweeted what appeared to be support for conspiracy theorists who say aliens were involved in the colossal […]
MARKETWATCH FRONT PAGE August has tended to be more prone to unexpected turbulence than its traditional reputation as a period in which traders and investors laze about before autumn begins. See full story. Here are five value-stock picks that set up your portfolio for a pandemic recovery Bill McMahon, the chief investment officer for active […]
Microsoft Corp. has paused negotiations to buy the U.S. operations of the video-sharing app TikTok after President Trump said late Friday he opposes the deal, according to people familiar with the matter. The president’s statements spurred TikTok to make additional concessions, including agreeing to add as many as 10,000 jobs in the U.S. over the […]
The dog day’s of summer on Wall Street are upon us. The ancient Greeks would refer to the so-called “dog days” in late July and early August, as the period in which the star Sirius — also known as Alpha Canis Majoris, or dog star, as the hottest part of summer. It signified a time […]