Stocks rallied Monday as investors cheered news that the Food and Drug Administration granted “fast track” status to a pair of vaccine candidates produced by Pfizer Inc. and German biotech firm BoNTech SE. The upbeat mood on Wall Street comes even as investors prepare for a tough earnings season. What …
Read More »
If it weren’t for the “Giant 5,” your money would have been better off sitting in cash than the stock market over the past few years, according to Wolf Richter of the Wolf Street blog. Yes, investment gains since early 2017 have been completely dominated by Apple AAPL, +0.24% , …
Read More »
Semiconductor maker Analog Devices Inc. is in talks to buy rival Maxim Integrated Products Inc. for more than $ 17 billion in what would be one of the largest merger deals of the year, according to people familiar with the matter. Analog ADI, +0.20% and Maxim MXIM, -0.58% are discussing …
Read More »
There’s a lot of uncertainty in financial markets right now — and a lot of vacillating, which can sometimes feel like the same thing. Many analysts believe markets will bounce back and forth for some time, driven by headlines, not fundamentals, until some big issues — the U.S. presidential election, …
Read More »
An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …
Read More »
MARKETWATCH FRONT PAGE The one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad, the worst in over 10 years. See full story. The Biden-Sanders climate-change policy pact: 8 key features Presidential candidate Joe Biden has advanced environmental policy recommendations that …
Read More »
Philip Morris International Inc. thinks the sale of cigarettes could come to an end in countries around the world in the coming years, but have no fear, because they’ve got another product ready to sell that offers a “safer” nicotine fix. Philip Morris PM, +4.02% and the Food and Drug …
Read More »
The top federal prosecutor in Brooklyn is leaving his post for a job at the U.S. Justice Department in Washington. Richard Donoghue, the U.S. attorney for the Eastern District of New York, told his staff Thursday that he will become the top deputy to Deputy Attorney General Jeffrey A. Rosen. …
Read More »
Dear Moneyist, I’m a gay man from a family of 10 siblings, and the only gay member of my extended family of cousins, to my knowledge. I have been dismayed for several years now that some members of my immediate family support Chick-fil-A, the fast-food corporation controversial for its positions …
Read More »