Tag Archives: markets-marketwatch

Economic Report: Wholesale prices surge 0.6%, but don’t be fooled: Inflation no threat to the economy 

The wholesale cost of U.S. goods and services posted the biggest increase in July in nearly two years, led by higher oil prices, but inflationary pressures in the economy were still largely invisible owing to the coronavirus pandemic.

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Market Snapshot: Stock-index futures mostly higher after Trump signs orders to extend coronavirus relief 

U.S. stock-index futures trade mostly higher Monday after President Donald Trump over the weekend signed executive orders that would extend some elements of coronavirus relief. The measures face likely legal hurdles and questions about their effectiveness, however, while continued U.S.-China tensions might also cap upside, analysts say.

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Trump’s stimulus orders don’t seem to be feasible or legal, experts say 

President Donald Trump’s executive order and memorandum to stimulate the economy don’t seem to be feasible or legal, experts said Saturday.

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Ex-Google, Uber engineer Levandowski sentenced to 18 months in prison for stealing trade secrets 

One of Silicon Valley’s most prominent trade-secret cases in recent years came to a close Tuesday, as former Google engineer Anthony Levandowski was sentenced to 18 months in prison.

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Earnings Results: Square stock surges after ballooning bitcoin interest drives huge revenue beat 

Square Inc. posted a double earnings surprise Wednesday as the payments company delivered an unexpected surge in revenue for the second quarter in a release that came out a day early due to “early external access” of its financials.

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Key Words: A record high for the Nasdaq ‘would all come crashing down,’ says Trump in a tweet, ‘including your jobs, stocks, and 401(k)s,’ if Biden wins presidency 

President Donald Trump’s latest tweet touts record gains for the Nasdaq Composite Index and suggests a rebound in the market from coronavirus -induced lows is in jeopardy if former Vice President Joe Biden, and presumptive Democratic presidential nominee, wins the 2020 election.

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The Fed: U.S. labor market is weakening, Fed’s Kaplan says 

The rebound in growth in the third quarter is more muted than expected, meaning a higher unemployment rate at the end of the year, said Dallas Fed President Robert Kaplan on Monday.

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Amazon expands its grocery service in head-to-head battle with U.K. supermarkets 

Amazon is expanding its online grocery service ahead of its second-quarter earnings this week, in a major offensive to win more customers in the fiercely competitive U.K. grocery market.

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Key Words: Bill Gates on Elon Musk’s controversial coronavirus comments: Stick with electric cars and rockets 

Microsoft co-founder Bill Gates told CNBC that the Tesla boss should focus on his job and let the experts focus on theirs.

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London drops off the list of top 10 European travel hot spots for the first time 

New research by data firm ForwardKeys shows flight bookings in Europe and the U.S. falling by 99.6% so far in 2020.

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Fauci takes aim at Trump administration, state lawmakers and young Americans: ‘You’re propagating the pandemic’ 

Anthony Fauci made his case to Facebook CEO Mark Zuckerberg as to why it’s time to change the approach to the coronavirus.

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Howard Gold’s No-Nonsense Investing: Pioneer of target-date funds looks to the future: hedging and ‘tail-risk’ strategies 

Jerome Clark of T. Rowe Price also will seek ways to personalize retirement vehicles.

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Next Avenue: Why isolating the older population won’t work, and would do more harm than good 

Targeting Americans who are 65+ will harm the economy, betray society’s values and won’t contain the virus

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Europe Markets: European stocks flop on worries over California lockdown 

European stocks slipped on Tuesday, reversing the previous day’s gains on worries about the state of California shutting down.

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NerdWallet: As if things weren’t bad enough, millions of taxpayers are desperate for IRS refunds they expected months ago 

One woman filed her return electronically in February for direct deposit, and is still waiting.

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