Top Financial News provided by CBS Marketwatch©
- TaxWatch: American households will finally get their Child Tax Credit boost — here’s when that first payment will arriveThe payments will reach households raising more than 65 million children, according to senior administration officials.
- : Ryanair posts biggest annual loss in its 35-year history, but airline sees recovery aheadRyanair slumped to its biggest annual loss in its 35-year history, but it said it is likely to break even in the coming year, as COVID-19 vaccination programs help ease travel restrictions
- The Wall Street Journal: Amazon establishing programs to reducing worker Injuries, improving health and wellnessAmazon.com Inc. is establishing a program focused on improving the health and wellness of its hourly warehouse staffers, after years of criticism over worker safety at its depots and a pledge by Chief Executive Jeff Bezos to offer a better vision for employees.
- Market Extra: ‘Bitcoin is melting.’ Here’s what a 30% drop from highs in the crypto may say about stock-market risk sentimentWhat does a meltdown in bitcoin prices over the weekend portend for stocks?
- The New York Post: UFO reports should be taken seriously, Rubio saysSen. Marco Rubio said the US should take the “threat” of UFOs “seriously” in an interview aired Sunday.
- : This robot-run fund loaded up on Tesla because it thinks the stock will soar. It’s been right before.An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings.
- TaxWatch: ‘Come on, it’s over a year’: Spare a thought for these people who are still waiting for their 2019 tax refundThe IRS says it still has 600,000 individual tax returns in its backlog.
- Europe Markets: European stocks edge lower amid rise in Asian coronavirus casesEuropean stocks edged lower on Monday, as investors weighed signs that COVID-19 infections are continuing to spread in Asia, even as fears about inflation appear to have subsided.
- : ‘Everyone’s feeling this stress’: People are drinking more alcohol to cope with pandemic-related stress — how to turn your life around‘The pandemic made me go into a sort of a shell: I became isolated and apart from other people and less connected.’
- Asia Markets: China stocks climb, but Taiwan equities tumble as rising COVID-19 cases force fresh restrictionsGlobal equities kicked off trading on Monday with a mixed session in Asia. Taiwan stocks took a hit from fresh pandemic restrictions, while Chinese stocks gained.
The payments will reach households raising more than 65 million children, according to senior administration officials.
Ryanair slumped to its biggest annual loss in its 35-year history, but it said it is likely to break even in the coming year, as COVID-19 vaccination programs help ease travel restrictions
Amazon.com Inc. is establishing a program focused on improving the health and wellness of its hourly warehouse staffers, after years of criticism over worker safety at its depots and a pledge by Chief Executive Jeff Bezos to offer a better vision for employees.
What does a meltdown in bitcoin prices over the weekend portend for stocks?
Sen. Marco Rubio said the US should take the “threat” of UFOs “seriously” in an interview aired Sunday.
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings.
The IRS says it still has 600,000 individual tax returns in its backlog.
European stocks edged lower on Monday, as investors weighed signs that COVID-19 infections are continuing to spread in Asia, even as fears about inflation appear to have subsided.
‘The pandemic made me go into a sort of a shell: I became isolated and apart from other people and less connected.’
Global equities kicked off trading on Monday with a mixed session in Asia. Taiwan stocks took a hit from fresh pandemic restrictions, while Chinese stocks gained.
Wall Street Journal Market News©
- Despite Lumber Boom, Few New Sawmills ComingExecutives in the cyclical business of sawing logs into lumber say they are content to rake in cash while lumber prices are sky-high and aren’t racing out to build new sawmills.
- The Factors Driving Crypto Markets' Boom and the Challenges AheadBitcoin and other digital currencies have exploded in value during the pandemic, but hurdles to widespread adoption remain.
- Energy and Materials Stocks Are Leading the WayHigher demand for the companies’ products as the economy picks up could outpace an accompanying increase in supply.
- Indonesia's Top Tech Startups Gojek and Tokopedia to MergeThe combined firm, to be known as GoTo Group, plans to go public this year. The group is targeting a market valuation of between $35 billion and $40 billion and listings on exchanges in New York and Jakarta, according to people familiar with the matter.
- U.S. Stock Futures Slip to Start the WeekS&P 500 stock futures edged down, signaling muted losses at the opening bell after concerns about inflation whipsawed markets last week.
- JD Logistics Launches Up to $3.4 Billion Hong Kong IPOThe logistics arm of JD.com is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China’s booming e-commerce market.
- Bright Machines Nears SPAC Deal to Go PublicThe creator of a platform that uses artificial intelligence and robotics to automate tasks in electronics manufacturing, Bright Machines is close to a deal with SCVX.
- At Home Group's Biggest Shareholder to Oppose DealCAS Investment Partners, which owns around 17% of the home-furnishings chain shares, said it plans to vote against a roughly $2.4 billion sale to private-equity firm Hellman & Friedman.
- Bonds of Mexican Payroll Lenders Sink After LossesAccounting revisions take toll on the companies and the international bond investors who lent them billions of dollars.
- BlackRock's Rieder Learned Value of Moderation From 1980s Bond BlowupThe asset manager’s fixed-income chief is adjusting his asset positions to account for inflation and interest-rate hazards, and spreading his bets widely.
- Even Short-Term Inflation Will Test the FedThe Fed should hold steady on interest rates even if inflation temporarily jumps above 5%.
- Central Banks Jump Into Climate-Change Policy FrayRegulators are focusing on risks to financial systems and economies. Some say they are going beyond their remits.
- Companies Are Flush With Cash---and Ready to Pad Shareholder PocketsU.S. companies have authorized a record amount of share buybacks this year, a bullish sign for markets amid volatility.
- The Post-Covid-19 Rules of TippingThe pandemic changed how we think about gratuities. Here’s what you need to know as the economy and social life creep closer to normal.
- McDonald's, Tesla, Disney: Stocks That Defined the WeekHere are major companies whose stocks moved on the week’s news.
- IPO Market Faces a Critical JunctureThe U.S. IPO market, unstoppable for nearly a year, has hit a speed bump. With inflation fears weighing on stocks, investors have shifted away from technology shares, initial public offerings and SPACs.
- Stocks Rise to End Turbulent Week of TradingU.S. stocks staged a powerful rebound following their steepest selloff since October, but finished the session with weekly losses.
- Retail Doesn't Need TherapyDon’t wonder why U.S. retail sales missed expectations in April. Wonder how strong they will be in coming months as the Covid-19 pandemic fades.
- DoorDash, AMC, Disney, Coinbase, Dogecoin: What to Watch When the Stock Market Opens TodayTechnology shares were set to lead gains at the end of a bumpy week.
- Banks Are Making Credit Cards and Auto Loans Easier to GetSome banks are reducing credit-score requirements and offering more generous loan terms, eager to lend after tightening up when the pandemic hit.
Executives in the cyclical business of sawing logs into lumber say they are content to rake in cash while lumber prices are sky-high and aren’t racing out to build new sawmills.
Bitcoin and other digital currencies have exploded in value during the pandemic, but hurdles to widespread adoption remain.
Higher demand for the companies’ products as the economy picks up could outpace an accompanying increase in supply.
The combined firm, to be known as GoTo Group, plans to go public this year. The group is targeting a market valuation of between $35 billion and $40 billion and listings on exchanges in New York and Jakarta, according to people familiar with the matter.
S&P 500 stock futures edged down, signaling muted losses at the opening bell after concerns about inflation whipsawed markets last week.
The logistics arm of JD.com is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China’s booming e-commerce market.
The creator of a platform that uses artificial intelligence and robotics to automate tasks in electronics manufacturing, Bright Machines is close to a deal with SCVX.
CAS Investment Partners, which owns around 17% of the home-furnishings chain shares, said it plans to vote against a roughly $2.4 billion sale to private-equity firm Hellman & Friedman.
Accounting revisions take toll on the companies and the international bond investors who lent them billions of dollars.
The asset manager’s fixed-income chief is adjusting his asset positions to account for inflation and interest-rate hazards, and spreading his bets widely.
The Fed should hold steady on interest rates even if inflation temporarily jumps above 5%.
Regulators are focusing on risks to financial systems and economies. Some say they are going beyond their remits.
U.S. companies have authorized a record amount of share buybacks this year, a bullish sign for markets amid volatility.
The pandemic changed how we think about gratuities. Here’s what you need to know as the economy and social life creep closer to normal.
Here are major companies whose stocks moved on the week’s news.
The U.S. IPO market, unstoppable for nearly a year, has hit a speed bump. With inflation fears weighing on stocks, investors have shifted away from technology shares, initial public offerings and SPACs.
U.S. stocks staged a powerful rebound following their steepest selloff since October, but finished the session with weekly losses.
Don’t wonder why U.S. retail sales missed expectations in April. Wonder how strong they will be in coming months as the Covid-19 pandemic fades.
Technology shares were set to lead gains at the end of a bumpy week.
Some banks are reducing credit-score requirements and offering more generous loan terms, eager to lend after tightening up when the pandemic hit.
