The global case tally for the coronavirus illness COVID-19 climbed to 9.5 million on Thursday, a day after the U.S. recorded its highest one-day peak since late April and cases continued to climb in Brazil, Mexico and other countries, in the latest indication that the pandemic is far from contained. …
Read More »Mortgage rates keep falling to record lows — so is now a good time to refinance?
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% reported that mortgage rates hit a new record low for the fourth time this year, with the average rate …
Read More »Dispatches from a Pandemic: As Spain welcomes back tourists, this tiny island finds ‘hearts divided’ with hope and anxiety
On the tiny Balearic island of Formentera, sometimes called Ibiza’s sister island, Raquel Calafat has been working hard to get the hotel that her great-grandfather established in the 1950s ready to greet tourists, who have been eerily absent for months. Calafat speaks of “corazones divididos” — hearts divided — to …
Read More »Coronavirus update: U.S. case tally climbs to 2.35 million and 27 states are still showing increases in infections
The U.S. case tally for the coronavirus illness COVID-19 climbed to 2.35 million on Wednesday, and 27 states were showing increases in infections, as Dr. Anthony Fauci cautioned that the next two weeks will be crucial in containing the spread. Fauci, head of the National Institute for Allergies and Infectious …
Read More »Need to Know: Four small companies doing amazing things right now — ‘nobody is paying attention,’ says this fund manager
The quarter has been stellar, with the Nasdaq COMP, +0.74% in particular on fire, but the Russell 2000 RUT, +0.40% hasn’t been far behind. Russell 2000 — a contender. Our call of the day from Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap Growth …
Read More »Is Robinhood making money off those day-trading millennials? Well, yes. That’s kind of the point.
As the twin black swans of the coronavirus pandemic and the historic oil price collapse rocked financial markets early in 2020, opportunities emerged. So did media narratives. One of the most popular: that bored young people, stuck at home with no access to sports or bars or live entertainment, went …
Read More »Market Snapshot: Dow rises and Nasdaq carves out fresh intraday record as Apple, financials power Tuesday gains
[unable to retrieve full-text content] U.S. stock indexes headed higher late-morning Tuesday, with the Nasdaq Composite up for an eighth straight session, helped by improving economic data, after an overnight scare over trade relations with China. MarketWatch.com – Top Stories
Read More »Outside the Box: ‘Wildly out of context’ — Navarro on his own words, and the markets in relation to the economy
We got a taste of things to come when White House China hawk Peter Navarro stated to the press that the U.S.-China trade deal was “over.” Cue a plunge in stocks ES00, +0.14% and in CNY USDCNY, +0.04% and in bond yields and general risk-off. Then cue the inevitable rapid …
Read More »Market Extra: The decline of the U.S. dollar could happen at ‘warp speed’ in the era of coronavirus, warns prominent economist Stephen Roach
Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance. “I do think it’s something that happens sooner rather …
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