XPeng Inc. Shares of XPeng Inc. dropped Monday, to extend last week’s selloff, after the China-based electric vehicle maker disclosed a public offering of 40 million shares. The stock XPEV slumped 4.4% in morning trading, and has dropped 15,7% amid a three-day losing streak. The stock had tumbled 23.2% last …
Read More »The Wall Street Journal: Biden picks infectious-diseases expert Rochelle Walensky to head CDC
The Centers for Disease Control and Prevention headquarters in Atlanta. . iStock/Getty Images President-elect Joe Biden has tapped Dr. Rochelle Walensky as the next director of the Centers for Disease Control and Prevention, according to a person familiar with the decision, bringing a respected infectiou- diseases expert to the helm of a …
Read More »Key Words: Next year looks like it will be ‘catastrophic,’ U.N. warns
Getty Images Looking forward to finally turning the page on 2020 and optimistically embracing a reversal of fortune in the new year? Not so fast, according to the United Nations. “ ‘2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game’ ” …
Read More »Where Should I Retire?: We want to leave cold Midwest states for ‘warmer and drier climes’ and affordable health care on $44,000 a year — so where should we retire?
Dear MarketWatch, My wife and I will be retiring in five years. We have lived in colder northern Midwest states for most of our lives and are ready to live in warmer and drier climes! We will have an annual combined income of $ 44,000 from Social Security. We will …
Read More »Stacey Abrams, who may hold key to Democrats’ chances in Senate runoffs, campaigns at virtual get-out-the-vote rally
Former Georgia Democratic gubernatorial nominee Stacey Abrams may or may not be gearing up for another run at the governorship in 2022, but these days she is receiving wide credit for the record voter turnout that delivered the state to a Democratic presidential candidate for the first time in three …
Read More »: Trump presses Georgia governor to help subvert election
In this Nov. 4, 2018, file photo, then-Georgia Republican gubernatorial candidate Brian Kemp, left, walks with President Donald Trump as Trump arrives for a rally in Macon , Ga. President Trump said Sunday, Nov. 29, 2020 he was “ashamed” for endorsing the Republican governor of Georgia after he lost in …
Read More »The Ratings Game: GE stock rises to 9-month high as BofA analyst gets a little more bullish
AFP via Getty Images Shares of General Electric Co. rose Friday toward a nine-month high, after BofA Securities analyst lifted his stock price target by 18%, amid a more upbeat outlook on the industrial conglomerate’s health care business as COVID-19 cases rise globally. The stock GE, +2.64% reversed an earlier …
Read More »Market Extra: Bank workers could get COVID vaccines before most Americans
The American Bankers Association is seeking vaccine prioritization for bank tellers and frontline community-bank employees. An earlier version of this story suggested that the industry group was seeking a broader prioritization for the financial industry, including traders. The story has been corrected. Frontline bank employees could get a shot in …
Read More »: Student loan payment pause extended through January 31
Borrowers will get one more month of reprieve from their student loans. photo by robyn beck/Agence France-Presse/Getty Images Student loan borrowers will get at least one more month of reprieve. The Department of Education announced on Friday that Secretary of Education Betsy DeVos extended the coronavirus-era freeze on student loan …
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