Stocks fell on Friday as rising new coronavirus cases, coupled with questions around central-bank funding for key emergency programs, cast doubt on a swift economic recovery. The Dow Jones Industrial Average dropped 219 points, or 0.8%. The S&P 500 dipped 0.7%. The Nasdaq Composite was down 0.4%, erasing an earlier gain. Boeing and Salesforce were… Read […]
Continue readingPresident Trump speaks on prescription drug prices in July. Getty Images President Donald Trump on Friday announced rules intended to lower U.S. drug prices, as he continues to contest the results of the Nov. 3 election and it’s unclear whether the incoming Biden administration will accept the new regulations.
Continue readingAn oil and gas processing plant in Louisiana. AFP via Getty Images Like World Wide Wrestling champ Randy Orton, energy stocks came from “outta nowhere” this month to beat the heck out of the rest of the market.
Continue readingVolunteers from women’s organization Nuevo Amanecer Mujer Integral help with the distribution of frozen turkeys and food boxes ahead of Thanksgiving to families affected by the Covid-19 pandemic on November 18, 2020 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images JP Morgan economists now see an economic contraction in the first… Read […]
Continue readingTyson is facing wrongful death lawsuits tied to its handling of the coronavirus pandemicTyson Foods Inc. TSN, -2.51% says COVID-19-related expenses in fiscal 2020 reached $540 million, with the meat producer spending $200 million in the fiscal fourth quarter alone.
Continue readingWhile the pandemic is transforming the way many people will be celebrating Thanksgiving this year, here’s one change to be thankful for: the cost of buying the turkey and the trimmings to feed your family is the lowest it’s been in 10 years.
Continue readingPaccar Inc. Shares of Paccar Inc. fell Friday, after BofA Securities analyst Ross Gilardi did an about-face on the truck maker, recommending investors sell on the belief truck stocks could lag in a post-COVID-19 vaccine world. Gilardi said that while Paccar is an “excellent” company with a strong balance sheet, the stock is “a bit […]
Continue readingThe Internal Revenue Service still has about one million 2020 tax returns to process after the coronavirus pandemic and distribution of millions of stimulus checks upended operations, the agency’s commissioner told federal lawmakers on Friday.
Continue readingOil’s playing a tug of war game between rising COVID-19 cases and promising vaccine developments. MarketWatch photo illustration/iStockphoto The Organization of the Petroleum Exporting Countries and its allies are expected to extend oil production cuts into the new year in an effort to avoid a global glut of inventories. But with Covid-19 cases accelerating in […]
Continue readingFollow these tax-smart principles as you plan your year-end expenses. Getty Images/iStockphoto With year-end rapidly approaching and the general election finally over, it’s time to consider moves that will lower your 2020 tax bill and hopefully position you for tax savings in future years too.
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