Top Financial News provided by CBS Marketwatch©
- Peter Morici: Ballooning federal deficits threaten Fed independence, and give an opening to Chinese yuanThe Fed's monetary-policy independence is gone, massive federal deficits threaten the dollar’s status as the global currency, and the Chinese yuan is waiting in the wings.
- TaxWatch: How Trump and Biden tax policies could affect your paycheck, tax return, investment portfolio and nest egg The economy is a very important issue for nearly 80% of voters in this presidential election.
- Europe Markets: European bank stocks slide after money-laundering allegations; Dow futures slide 400 pointsShares of Europe's top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money laundering and other wrongdoing.
- Kelley Blue Book: This is exactly how much car prices have gone upNew cars cost more than ever now. Here are some reasons why vehicle ownership costs are surging.
- NerdWallet: Avoid these 4 big home insurance mistakesEven if you think you’re prepared, it may be your homeowners insurance doesn’t fully cover hurricane damage.
- Kelley Blue Book: This is the fierce competition the Tesla Cybertruck faces in the EV truck marketAt least 7 automakers – including Ford and GM, and start-ups like Rivian – have announced plans to offer electric pickups.
- Next Avenue: Seven urgent changes needed to fix senior livingThe strategies a task force says will better serve residents, staff and families—but there are reality checks.
- NerdWallet: Where do Biden and Trump stand on student loans?Here are the student loan and college proposals that policy experts say might bear fruit.
- The Moneyist: My late husband did not see his son in 30 years. Should I mail his son photos and other memorabilia — and risk him making a claim on his estate? ‘He did see the son a few times a year for the next several years, but contact stopped during the teen years when his son no longer wanted to come.’
- Can I visit family for Thanksgiving or Christmas? Your pandemic holiday travel questions, answered‘Unfortunately, the merriment we crave — eating, drinking and singing together in a cozy room — are among the highest-risk scenarios for transmitting COVID-19.’
The Fed's monetary-policy independence is gone, massive federal deficits threaten the dollar’s status as the global currency, and the Chinese yuan is waiting in the wings.
The economy is a very important issue for nearly 80% of voters in this presidential election.
Shares of Europe's top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money laundering and other wrongdoing.
New cars cost more than ever now. Here are some reasons why vehicle ownership costs are surging.
Even if you think you’re prepared, it may be your homeowners insurance doesn’t fully cover hurricane damage.
At least 7 automakers – including Ford and GM, and start-ups like Rivian – have announced plans to offer electric pickups.
The strategies a task force says will better serve residents, staff and families—but there are reality checks.
Here are the student loan and college proposals that policy experts say might bear fruit.
‘He did see the son a few times a year for the next several years, but contact stopped during the teen years when his son no longer wanted to come.’
‘Unfortunately, the merriment we crave — eating, drinking and singing together in a cozy room — are among the highest-risk scenarios for transmitting COVID-19.’
Wall Street Journal Market News©
- Sequencing Firm Illumina to Pay $7.1 Billion for Liquid-Biopsy Firm GrailPurchase will be Illumina’s biggest acquisition, and propel it further into the clinical applications of its gene sequencers and related products and services
- Stock Futures Point to Acceleration in S&P 500's LossesThe Vix, a closely watched measure of turbulence in U.S. stocks, jumped to its highest level in almost two weeks.
- Wall Street-Backed Exchange to Launch as Rival to NYSE, NasdaqA new exchange backed by Wall Street banks, electronic-trading firms and asset-management giant BlackRock is set to launch, introducing a new, low-cost competitor to the New York Stock Exchange and Nasdaq.
- Easy Diamond Trading Set to Be Available for First TimeA startup, Diamond Standard Co., aims to open the diamond market to investors through standardized coins containing a carefully selected sample of the precious stones.
- Bonds Tied to Hotels, Retail Properties Struggle to RecoverSome sectors of the commercial mortgage-backed-securities market have struggled to recover as the pandemic’s effects linger.
- HSBC Stock Hits 25-Year LowShares in HSBC slumped after news articles detailed “suspicious activity reports” filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year.
- You Can Buy This Stock for $145 in Shanghai---It's $100 in Hong KongSome mismatch between a company’s shares listed on China’s mainland and their counterparts in Hong Kong isn’t unusual. But the growing gulf is creating a strange situation where companies can simultaneously have two radically different valuations.
- Pandemic Upends Middle-Class Family FinancesThe pandemic is wreaking a particular kind of havoc in the households of loan-laden American white-collar workers. ‘I will never claw my way out of this situation.’
- The S&P 500's Hottest Sector: MaterialsShares of the companies that mine or make raw materials are lately trading like once-hot technology stocks. The S&P 500’s materials sector is up around 5.4% this month, even as the broader index has fallen more than 4%.
- Decision Time Looms for Biotech's Riskiest BetAn offshoot of Bristol-Myers Squibb’s acquisition of Celgene will soon pay off $7 billion or go bust.
- Banks Pile Into Treasurys, Helping to Fund Government Borrowing SpreeSurging deposits and declining lending are driving banks to dramatically increase their holdings of U.S. Treasurys, offering significant support to the bond market at a time of unprecedented government borrowing.
- In China, Paying With Your Face Is Hard SellAnt Group, which revolutionized China’s payments industry, is learning how difficult it is to separate people from their mobile phones.
- European Banks Consider Mergers for SurvivalBanks in Europe are facing a prolonged era of low interest rates, a gloomy economic outlook and souring loans that are expected to rise.
- How to Think Long Term With Near-Zero RatesAmerica’s savers and borrowers face possibly harder choices than they did in the previous recession. Here are key considerations.
- Oracle, Snowflake, SoftBank: Stocks That Defined the WeekThe companies included tech giants, food mainstays and a leader in residential deliveries.
- Citadel Securities, Quantlab Loom Over Market-Manipulation TrialCitadel Securities and Quantlab Financial are at the center of a criminal trial over market manipulation known as spoofing.
- Stocks Finish Week Lower, Dragged Down by Tech SharesDeclines in shares of technology companies pushed the S&P 500 to its third consecutive week of declines, capping another tumultuous stretch for the stock market.
- Soybean Prices Hit Two-Year High, Buoyed by Chinese DemandA key cash crop for U.S. farmers, soybeans fell 16% to start the year before heavy Chinese buying spurred a rebound. Soybean prices have risen more than 15% since the start of August.
- Bank Investors Don't Have to Be So Anxious About New Stress TestsThe Federal Reserve is now giving banks another, and in key ways even tougher, stress test. But this shouldn’t cause deep anxiety for investors.
- The Pandemic Has Become One Big Extreme Home MakeoverDo-it-yourself chains see enthusiasm from customers who have been forced to spend so much time in their living rooms and kitchens that they are now desperate to improve them.
Purchase will be Illumina’s biggest acquisition, and propel it further into the clinical applications of its gene sequencers and related products and services
The Vix, a closely watched measure of turbulence in U.S. stocks, jumped to its highest level in almost two weeks.
A new exchange backed by Wall Street banks, electronic-trading firms and asset-management giant BlackRock is set to launch, introducing a new, low-cost competitor to the New York Stock Exchange and Nasdaq.
A startup, Diamond Standard Co., aims to open the diamond market to investors through standardized coins containing a carefully selected sample of the precious stones.
Some sectors of the commercial mortgage-backed-securities market have struggled to recover as the pandemic’s effects linger.
Shares in HSBC slumped after news articles detailed “suspicious activity reports” filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year.
Some mismatch between a company’s shares listed on China’s mainland and their counterparts in Hong Kong isn’t unusual. But the growing gulf is creating a strange situation where companies can simultaneously have two radically different valuations.
The pandemic is wreaking a particular kind of havoc in the households of loan-laden American white-collar workers. ‘I will never claw my way out of this situation.’
Shares of the companies that mine or make raw materials are lately trading like once-hot technology stocks. The S&P 500’s materials sector is up around 5.4% this month, even as the broader index has fallen more than 4%.
An offshoot of Bristol-Myers Squibb’s acquisition of Celgene will soon pay off $7 billion or go bust.
Surging deposits and declining lending are driving banks to dramatically increase their holdings of U.S. Treasurys, offering significant support to the bond market at a time of unprecedented government borrowing.
Ant Group, which revolutionized China’s payments industry, is learning how difficult it is to separate people from their mobile phones.
Banks in Europe are facing a prolonged era of low interest rates, a gloomy economic outlook and souring loans that are expected to rise.
America’s savers and borrowers face possibly harder choices than they did in the previous recession. Here are key considerations.
The companies included tech giants, food mainstays and a leader in residential deliveries.
Citadel Securities and Quantlab Financial are at the center of a criminal trial over market manipulation known as spoofing.
Declines in shares of technology companies pushed the S&P 500 to its third consecutive week of declines, capping another tumultuous stretch for the stock market.
A key cash crop for U.S. farmers, soybeans fell 16% to start the year before heavy Chinese buying spurred a rebound. Soybean prices have risen more than 15% since the start of August.
The Federal Reserve is now giving banks another, and in key ways even tougher, stress test. But this shouldn’t cause deep anxiety for investors.
Do-it-yourself chains see enthusiasm from customers who have been forced to spend so much time in their living rooms and kitchens that they are now desperate to improve them.
