NewsWatch: U.S. stocks slip but remain near record highs as Wall Street tries to shake off Middle East worries

NewsWatch: U.S. stocks slip but remain near record highs as Wall Street tries to shake off Middle East worries

7 Jan    Finance News
MARKETWATCH FRONT PAGE

U.S. stocks pared early losses Tuesday helped by slightly rosier economic data and rumors of a deep-pocketed buyer for Boeing’s beleaguered stock while concerns about the possibility of war in the Middle East faded slightly. See full story.

Impossible Foods adds pork and sausage in battle with Beyond Meat

On Tuesday, it introduced Impossible Pork Made from Plants and Impossible Sausage Made from Plants at CES 2020. See full story.

The huge service side of the U.S. economy sped up at the end of 2019, ISM finds

The huge service side of the U.S. economy sped up at the end of 2019, coinciding with solid holiday sales and reduced trade tensions with China. The Institute for Supply Management’s survey of service-oriented companies such as banks retailers and restaurants rose to a four-month high of 55% in December. See full story.

This former top Obama official says auditing more rich people would raise $500 billion in personal-income tax

‘Today, the IRS has fewer auditors than it had at any point since World War II,’ a recent study by Lawrence Summers found. See full story.

This NBA star is making $17 million this season but calls money ‘overrated’

Being rich isn’t all it’s cracked up to be. Just ask Andre Iguodala. See full story.

MARKETWATCH PERSONAL FINANCE

Know what it takes to be successful before you step into your first college class. See full story.

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