Melbourne, which had been named the “world’s most livable city” for seven straight years before being beaten out by Vienna in 2018, won’t be feeling quite so livable for the next six weeks. Australia’s second-biggest city faces strict lockdown measures as the state of Victoria saw another record spike in …
Read More »Here’s how PayPal hopes to turn Venmo into the next PayPal
PayPal Holdings Inc. has built itself into a financial juggernaut during the COVID-19 pandemic, and it’s now worth more than Walt Disney Co., Netflix Inc. and every U.S. bank except JPMorgan Chase & Co. If PayPal PYPL, +1.84% can get bigger, it will likely depend on its own Venmo brand …
Read More »Economic Preview: This week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck
There are good economic reports, there are bad ones, and in some rate cases there are ugly ones. This week, we get ugly. We will find out how deep a hole the U.S. economy fell into in the second quarter this year when non-essential businesses closed down in many parts …
Read More »Silicon Valley economy remains strong 100 days into coronavirus, compared to other industries
What crippled economy? While virtually every aspect of the U.S. economy has been hit hard during the coronavirus pandemic, the technology industry and its hub in Santa Clara County continue to fare better than other large regions across California and the nation, based on three studies published this week. While …
Read More »Market Snapshot: Dow futures rise as stock market aims to add to rally headed into Fed week
U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? Futures …
Read More »NewsWatch: SpaceX successfully launches U.S. astronauts into space
MARKETWATCH FRONT PAGE Space Exploration Technologies Corp. on Saturday successfully launches the first astronauts into space from U.S. soil in nine years. The capsule carrying NASA astronauts reached orbit on its way to the International Space Station. See full story. Record rise in unemployment casts a shadow over Trump’s re-election …
Read More »The Tell: Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals
The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years. IKnowTheCodings, as he goes …
Read More »The New York Post: ‘When the looting starts, the shooting starts’ — Trump threatens to call military into Minneapolis
President Trump early Friday threatened to “get the job done right” to control the violent Minneapolis protests if the city’s mayor doesn’t “get his act together.” “I can’t stand back & watch this happen to a great American City, Minneapolis. A total lack of leadership,” Trump tweeted. “Either the very …
Read More »Do you want to work from home post-pandemic? Will you be forced into a pay cut? Read these pros and cons before deciding
Twitter, Square, Shopify and Facebook employees were told they can work from home even after the pandemic ends. “As we’ve become accustomed to working outside the office, it’s become clear that we don’t need everyone to be physically present to do great work,” Lori Goler, vice president of people at …
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