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Market Snapshot: Stock futures tumble anew as Moderna CEO predicts existing vaccines will be less effective against omicron variant
Markets were set to backpedal against Monday's gains after fresh comments from the head of vaccine maker Moderna predicted a tough battle against the omicron variant. Read full article
2h ago
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The Wall Street Journal: FTC asks Amazon, Walmart, others about how they’re handling supply-chain issues
The Federal Trade Commission is seeking information from Amazon.com Inc., Procter & Gamble Co., Walmart Inc. and others about how they are handling supply-chain snarls, part of a study into whether the problems have led to anticompetitive behavior and higher… Read full article
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Dow Jones Newswires: China manufacturing gauge shows surprise rebound in November
An official gauge of China's manufacturing unexpectedly rebounded to expansion in November, ending a two-month contraction resulting from a power crunch. Read full article
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The Wall Street Journal: FDA may OK COVID boosters for 16- and 17-year-olds as soon as next week
The Food and Drug Administration could authorize COVID-19 boosters from Pfizer Inc. and BioNTech SE for use in 16- and 17-year-olds as soon as next week as concerns rise over a new, possibly more transmissible variant, according to a person… Read full article
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Key Words: Tiger Woods hopes to return to golf one day, but ‘never full time, ever again’
Tiger Woods says his days of playing golf full time are over, following devastating injuries to his legs in a car crash earlier this year. Read full article
8h ago
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Market Extra: S&P 500 may end ‘pretty flat’ in 2022 amid previously ‘unthinkable’ negative real rates, says BofA strategist
The U.S. stock market, as measured by the S&P 500 index, may struggle to rise next year amid similarities to the tech bubble of 2000, according to BofA Global Research. Read full article
9h ago
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29.11.2021
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MarketWatch First Take: Jack Dorsey didn’t change Twitter’s trajectory. What happens now?
Twitter Inc. co-founder Jack Dorsey leaves behind an improved company since his heralded return in 2015, but it wasn't good enough for Wall Street, which has high hopes for its incoming CEO. Read full article
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The Wall Street Journal: CDC now says everyone 18 and older should get COVID booster
The Centers for Disease Control and Prevention strengthened its COVID-19 booster-shot recommendations, reflecting the threat the new Omicron variant poses to the pandemic response in the U.S. and worldwide. Read full article
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The Fed: Fed’s Powell calls omicron variant a risk to economic growth
Fed Chairman Jerome Powell said Monday the emergence of the omicron variant poses a risk to economic growth and adds to the uncertainty for inflation. Read full article
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NewsWatch: U.S. stock market ends higher in partial rebound from Friday selloff as Biden says omicron won’t lead to `shutdowns or lockdowns’
U.S. stock benchmarks finish higher Monday, following a steep selloff Friday sparked by fears of a worrisome new coronavirus variant. Read full article
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Earnings Outlook: GlobalFoundries’ first earnings report expected to show strength in lower-tech chip designs
GlobalFoundries Inc. rolls into its first earnings report as a public company seeking to capitalize on its servicing of non-cutting edge chip designs amid a global semiconductor supply crunch. Read full article
13h ago
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Crypto: Crypto community ponders Jack Dorsey’s next move as he steps down as Twitter’s CEO
Jack Dorsey, a longtime bitcoin advocate, stepped down on Monday as Twitter's Chief Executive. The social media giant has appointed Parag Agrawal, the company’s current chief technology officer, as the successor. Read full article
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Market Extra: Corporate debt investors brace for tighter financial conditions in 2022
Higher public and private debt levels increase the probability of a risk-off event next year, says Michael Collins, senior portfolio manager at PGIM Fixed Income. Read full article
13h ago
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The Margin: Who is Parag Agrawal? 5 things to know about the new CEO of Twitter
Twitter co-founder and CEO Jack Dorsey sent the business world atwitter on Monday morning after announcing he is stepping down. Read full article
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The Ratings Game: Allbirds has big growth potential but competitors like Nike could be a speed bump, analysts say
Analysts are upbeat about Allbirds as they initiate coverage of the athletic footwear company, but JPMorgan raises the issue of risk from big competitors Read full article
14h ago
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In One Chart: Only 10% of investors see omicron as biggest threat to financial markets by year-end: flash poll
Investors aren't dismissing the omicron variant's potential to shake up financial markets, but only a small minority expect it to be the top worry at year-end. Read full article
14h ago
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The Escape Home: This is why everyone is getting a generator
With extreme weather on the rise, more and more people are turning to generators to ensure they maintain power. Read full article
14h ago
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Retirement Hacks: Beat the blues this holiday season by keeping in touch with older family and friends all year
Stay connected this holiday season — for your happiness, your health and your retirement Read full article
14h ago
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The Tell: Omicron variant may delay ‘breakout’ performance of these stock-market trades, RBC says
The omicron variant of the coronavirus may hold back “breakout” performance for certain areas of the U.S. stock market, but heightened concern over the spread of COVID-19 infections hasn’t derailed the outlook for the S&P 500 index in 2022, according… Read full article
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: Rita Moreno says resilience and therapy helped her endure racism and sexual abuse in Hollywood
The ‘West Side Story’ star has been sharing candid accounts of her 70-year career, including tabloid-ready relationships with icons like Marlon Brando and Elvis Presley. Read full article
15h ago
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The Ratings Game: Merck stock dives after Citi downgrades on ‘high probability’ that HIV treatment will be abandoned
Shares of Merck & Co. Inc. sank Monday, to buck the gains in the health care sector and the broader stock market, after Citi Research backed away from its bullish stance on the drug maker, citing concerns over its HIV… Read full article
16h ago
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: Biden says fight against omicron variant of coronavirus won’t involve ‘shutdowns or lockdowns’
President Joe Biden's remarks on Monday come amid worldwide worries about the new omicron strain of the coronavirus that causes COVID-19. Read full article
16h ago
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: SEC takes stand against ‘spring-loaded’ stock options that enrich execs at investor expense
Some large company executives have benefitted handsomely from the practice of earning "spring-loaded" stock options that take advantage of non-public information, but the Securities and Exchange Commission plans to put a stop to it, according to a staff bulletin released… Read full article
16h ago
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NewsWatch: These 60 stocks, including DraftKings, Zillow and Virgin Galactic, are down at least 50% from their 2021 highs
Even a good year for stocks has its share of high-flyers that have turned into losers — or buying opportunities. Read full article
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The Tell: Oil could hit $150 a barrel with OPEC+ ‘in the driver’s seat’: J.P. Morgan
Oil futures can shake off the omicron-inspired selloff and “overshoot” to the upside, potentially “overshooting” to $150 a barrel in 2023 with OPEC+ “firmly in the driver's seat,” say analysts at J.P. Morgan. Read full article
16h ago
Oil
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London Markets: Resource stocks drive gains for FTSE 100 after biggest drop since the early days of the pandemic
London stocks were rising on Monday, led by resource stocks as investors kept watch on news of the omicron COVID variant. Read full article
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Europe Markets: European stocks retake some ground lost in last week’s rout, with banks, oil companies in the lead
Europe stocks got a foothold on gains Monday, though COVID worries lingered in the background. Read full article
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Project Syndicate: The world must plan now if we hope to prevent another pandemic as deadly and destructive as COVID-19
We need the financing, the organization and the binding commitments to ensure universal and equitable health care. Read full article
17h ago
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Key Words: Hedge-fund investor who made $2.6 billion on pandemic trades says omicron could be bullish for stock market
Hedge-fund luminary Bill Ackman over the weekend says the new omicron variant of the coronavirus that causes COVID-19 could be bullish for stocks if it results in mild to moderate symptoms for those who contract it. Read full article
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Outside the Box: Auburn vs. College Station, Greeley vs. Flagstaff — the surprising differences in where men and women prefer to live
And then there is Gadsden, Ala., which single women consider to have by far the worse quality of life among 283 metro areas. Men say it's just average. Read full article
18h ago
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: Cyber Monday poised to be the biggest online shopping day of the year, but may still fall short of last year’s total
Sales during over Thanksgiving weekend are down, which Adobe attributes to shoppers getting started early Read full article
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Economic Report: Pending home sales surge higher in October — will the new COVID variant trip up the real-estate market?
Every region of the U.S. saw an increase in the number of buyers signing contracts to purchase homes. Read full article
18h ago
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Coronavirus Update: Omicron strain of coronavirus that causes COVID now in at least a dozen countries, as experts urge unvaccinated to get shots
The new strain of the coronavirus that causes COVID-19 dubbed omicron and classified a 'variant of concern' by the World Health Organization dominated headlines on the pandemic Monday, although experts stressed that it would take at least a couple of… Read full article
18h ago
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: Twitter stock gains after report says CEO Jack Dorsey plans to step down from top post
Shares of Twitter Inc. are surging Monday after CNBC reported that Chief Executive Jack Dorsey plans to step down from the top post at the social-media company. Read full article
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: Biden holding Cyber Monday meeting with retail CEOs to discuss inflation, supply chains
President Joe Biden will convene a roundtable meeting with a group of major retailers and consumer product manufacturers to discuss rising prices for everyday products and supply chain problems that have resulted from the COVID-19 pandemic, a White House told… Read full article
19h ago
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NewsWatch: ‘Trapped’ investors, here’s your chance to escape one overplayed group of stocks, says strategist
Omicron is on investors' minds for Monday. That selloff last week opened a door for some investors, hemmed in by one group of stocks. Read full article
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Deep Dive: These 60 stocks, including DraftKings, Zillow and Virgin Galactic, are down at least 50% from their 2021 highs
Even a good year for stocks has its share of high-flyers that have turned into losers — or buying opportunities. Read full article
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Metals Stocks: Gold prices rise despite rally in global stocks amid omicron
Gold futures rise modestly Monday morning, implying that markets may still be on edge, despite indications that risk aversion sparked on Black Friday. Read full article
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: JPMorgn CEO Jamie Dimon continues throwing shade on crypto
Dimon says cryptocurrency 'has no intrinsic value' in an interview with CBS Boston. Read full article
20h ago
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Bond Report: Treasury yields bounce higher after Friday’s omicron-sparked slide
Treasury yields rise Monday, giving back some of the Black Friday slide sparked by the discovery of the omicron variant of the coronavirus that causes COVID-19. Read full article
20h ago
marketwatch.com
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Need to Know: ‘Trapped’ investors, here’s your chance to escape one overplayed group of stocks, says strategist
Omicron is on investors' minds for Monday. That selloff last week opened a door for some investors, hemmed in by one group of stocks. Read full article
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Next Avenue: Confused about whether to get a COVID booster? Here’s what to know
Doctors want to convey some key facts about boosters: Yes, they're safe, yes, you can mix and match, and yes, you should get one, especially if you're older. Read full article
23h ago
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Kelley Blue Book: The 2022 Audi A6 serves up driving performance with a roomy, elegant interior
The 2022 Audi A6 premium midsize sedan competes in a class of perfect cars, and it has the talent to do it. Read full article
23h ago
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NerdWallet: What’s new at the Disney parks—and some ways to save money when you go
Disney nerds will want to know about new shows, attractions, hotels and restaurants coming to its theme parks world-wide. Read full article
23h ago
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NerdWallet: What travelers to Europe need to know about rising case rates and new restrictions
COVID-19-related safety measures are returning across Europe, mainly for those who are unvaccinated. Here's what you should know if you're planning a trip. Read full article
23h ago
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Kelley Blue Book: Toyota’s new electric SUV: Everything you need to know about the 2023 bZ4X
What is it, where can you get one, and how much does it cost? Here are answers to several questions about this new 5-passenger compact SUV. Read full article
23h ago
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Futures Movers: Oil prices claw back some of Fridays rout, as OPEC reportedly set to delay technical meetings
The energy space was poised for a rebound on Monday, following dramatic selling late last week after a new, and potentially more contagious, COVID variant emerged. Read full article
1d ago
Oil
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Dow Jones Newswires: Japan to bar entry of foreigners in response to omicron variant
Japanese citizens and foreign residents of Japan who are returning from trips abroad will still be allowed to enter the country, the government said Monday. Read full article
1d ago
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Dow Jones Newswires: Asian travel stocks fall on omicron fears
Airline and travel-related stocks are broadly lower in early Asian trade, weighed by investor concerns over the spread of the Omicron COVID-19 variant, which has prompted tighter border controls in some countries. Read full article
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: Matthew McConaughey says he won’t run for Texas governor
In a three-minute video posted to social media, McConaughey said that while he has explored the possibility of running for office, it's "a path that I’m choosing not to take at this moment.” Read full article
1d ago
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What's Worth Streaming: What’s worth streaming in December 2021: ‘The Witcher,’ ‘Book of Boba Fett,’ ‘Matrix: Resurrections’ and more
With a winter avalanche of programming on the way, here's how to decide what to watch now, and what to save for another time Read full article
1d ago
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The Wall Street Journal: Nissan plans to spend $17.6 billion on battery-powered vehicles over 5 years
Nissan Motor Co. said Monday it planned to spend $17.6 billion over the next five years as part of a plan to add 20 new battery-powered vehicles to its lineup. Read full article
28.11.2021
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Futures Movers: U.S. stock futures rise following Friday’s omicron-sparked selloff
U.S. stock futures rose late Sunday, following a steep selloff Friday sparked by fears of the global economic impact of a worrisome new strain of COVID-19. Read full article
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: U.S. health officials urge caution, but not panic, over omicron variant
U.S. health officials on Sunday tried to walk a very fine line with their messaging -- that we need to take the omicron variant very seriously, but that there's no reason to panic. Read full article
1d ago
marketwatch.com
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NewsWatch: Here’s what the Black Friday carnage may mean for the stock market’s trade Monday, analysts say
The fast-spreading strain of coronavirus roiled markets on Black Friday, raising concerns about how the economy and Wall Street may perform next week. Read full article
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The Wall Street Journal: Mostly smooth sailing at U.S. airports on busiest travel day since pandemic began
Travelers returning home Sunday after the Thanksgiving holiday are encountering busy airports and full flights, but relatively few of the problems that have plagued air travel in recent months. Read full article
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NewsWatch: Here’s what the Black Friday carnage may mean for the stock market’s trade Monday, analysts say
The fast-spreading strain of coronavirus roiled markets on Black Friday, raising concerns about how the economy and Wall Street may perform next week. Read full article
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NewsWatch: Here’s what the Black Friday carnage may mean for the stock market’s trade Monday, analysts say
The fast-spreading strain of coronavirus roiled markets on Black Friday, raising concerns about how the economy and Wall Street may perform next week. Read full article
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