A record-setting August for stocks has set the bar high, but September may be off to an upbeat start, led by technology. The big question for investors is whether the equity market will keep up the momentum? That brings us to our call of the day from Schwab Center for …
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Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation. U.S. hotels are losing $ 400 million a day in room revenue, adding up to over $ 46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever …
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A lab technician uses a pipette dropper during the antigen quantification process of the coronavirus vaccine research at the Valneva SA laboratories in Vienna, Austria, on Thursday, Aug. 6, 2020. T Akos Stiller/Bloomberg News Pharmaceutical group Pfizer Inc. said its Covid-19 vaccine candidate, being developed jointly with BioNTech SE, was …
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The stock market will be feeling the impact of COVID-19 for decades to come. That’s because the pandemic is causing the U.S. birth rate to fall. A report from the Brookings Institution, predicts between 300,000 and 500,000 fewer births in 2021, calling it the “Covid Baby Bust.” You have plenty …
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Workers shouldn’t be waiting for a windfall in their upcoming paychecks, tax-policy experts said Monday as they digested news of President Donald Trump’s executive order deferring payroll taxes. The order might not bump up take-home money all that much per paycheck — and that’s assuming employers even pause the tax …
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Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Will a vaccine protect me? Does sunshine help? These are the most widely shared COVID-19 myths and conspiracy theories Cold weather, snow, sunshine, antibiotics, vitamins and alcohol do NOT protect you from coronavirus. But what about goggles or wearing masks …
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Until July 31, some 30 million jobless Americans received an extra $ 600 a week in unemployment benefits on top of what they would have received from their state as part of the $ 2 trillion CARES Act stimulus package that was passed in March. As a result, the average …
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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 …
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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 …
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