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 U.S. stock benchmarks added to gains Tuesday afternoon after Federal Reserve Gov. Lael Brainard painted a grim outlook for the economy facing the COVID-19 pandemic, but said she advocated for policy that would stimulate the virus-beaten business sector. Brainard said Fed policy should do more to boost the economy and said she championed keeping current interest rates, currently at a range of 0% to 0.25%, until inflation returned to the central bank's 2% target. Brainard, speaking online, said that monetary and "fiscal support will remain vital," to the economic rebound. The Dow Jones Industrial Average was up 430 points, or 1.6%, at 26,511, the S&P 500 index was up 0.9% at 3,183, while the Nasdaq Composite Index , which had been under pressure all session, was up 0.4% at 10,439. "The recent resurgence in COVID cases is a sober reminder that the pandemic remains the key driver of the economy's course," she said. "A thick fog of uncertainty still surrounds us, and downside risks predominate." Brainard is viewed as dovish, or accommodative, member of the Fed's rate-setting Federal Open Market Committee. As a Fed governor, she maintains voting status.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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US warship challenges China in South China Sea after claims rejection - Business Insider Business InsiderU.S. Rejects Beijing's South China Sea Claims Bloomberg PoliticsTrump expected to talk about China and Hong Kong at news conference ReutersWhy Mike Pompeo's South China Sea statement is so significant Washington Examiner
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Chicago-based Boeing said customers canceled orders for 60 of its grounded 737 Max jets in June, and the aircraft maker removed another 123 planes from its backlog because of doubts that the deals will be completed.
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But exactly how the country will sanction a company that can do very little business with it remains to be seen.
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 The number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world's eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
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British regulators say they had little choice after the U.S. imposed sanctions that could affect the viability of Huawei products. Existing 5G equipment must be removed from the network by 2027.
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Stocks jumped Tuesday as investors looked past a surge in coronavirus cases to monitor the start of corporate earnings season.
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2021 Ford Bronco site crashed as reservations opened - Business Insider Business InsiderFord unveils new Bronco as off-road, open-air Jeep rival for under $30,000 CNBC2021 Ford Bronco trim breakdown | All seven trims and how they differ Autoblog2021 Ford Bronco "Nissan Juke" Face Swap Will Polarize Opinion autoevolution2021 Bronco Family World Premiere | Ford Ford Motor Company
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A day after California's widespread business closings knocked the major indices down a couple rungs, investors got word of declining daily caseloads of COVID-19 in that state and hard-hit Florida and moved to prop up more cyclical sectors.
Caterpillar (CAT, 4.9%) helped lead the Dow higher Tuesday, and energy stocks such as Exxon Mobil (XOM, 3.3%) and Chevron (CVX, 3.5%) also advanced the cause.
91 Top Dividend Stocks From Around the World
Financial stocks were more muted, however, after Wells Fargo (WFC, -4.6%) not only reported its first quarterly loss since 2008, but became the latest marquee company to cut its dividend, hacking its payout from 31 cents quarterly to 10 cents. Indeed, financials (XLF, 0.6%) were the weakest of the 11 market sectors.
The major indices all enjoyed a flourish to finish Tuesday's trading. The Dow Jones Industrial Average led the way with a 2.1% gain to 26,642. The small-cap Russell 2000 logged a 1.6% gain to 1,426, and the S&P 500 improved 1.3% to 3,197. And the Nasdaq lagged again, up 0.9% to 10,488.
Can Emerging Markets Keep Rallying, Too?
Like the Nasdaq, red-hot emerging markets such as China, Taiwan and India have started to cool just
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Dow Jones Today Up On Boeing Contract, JPMorgan Q2; Futures Rise, Tesla Leads Nasdaq: Ford Gets A Bronco Boost Investor's Business DailyJPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit CNBCJPMorgan announces it will suspend buybacks through end of the third quarter CNBC TelevisionJPMorgan beats on earnings but Dimon warns on 'much uncertainty' Yahoo FinanceThis bank's earnings c
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 How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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The Supreme Court has set a precedent for the resumption of the federal death penalty.
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The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.
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JPMorgan Chase, Citigroup and Wells Fargo said that as long as the economy behaved according to their forecasts, they were braced for more pandemic-induced pain.
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Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.
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Shares of Bed Bath & Beyond Inc. rose 1.1% in premarket trading Tuesday, after the home accessories retailer said June same-store sales were "positive" for reopened stores and digital channels. The company said cash flow during June were also positive. Nearly all stores have reopened, following closures because of the COVID-19 pandemic. Separately, the company said it believes there is between $350 million to $450 million it could get from asset sales and the plan to reduce up to $1 billion of inventory at retail is slightly more than halfway complete. The stock has run up 43.9% over the past three months through Monday, while the SPDR S&P Retail ETF has advanced 25.3% and the S&P 500 has gained 10.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Michael Goldberg is stepping down as CEO of Fort Lauderdale-based Omnicom agency Zimmerman Advertising after almost six years in the role. In a statement, Goldberg said he is leaving the role upon return from a family vacation and will transition into a senior advisor role. No immediate long-term successor has been named in the CEO...
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Trump administration drops college student visa rule prohibiting online-only classes USA TODAYTrump administration rescinds foreign students rule | TheHill The HillTrump administration rescinds rule on foreign students amid pressure from colleges Fox NewsTrump administration drops plan to bar international students from US The Boston Globe
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JPMorgan has the world's biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic.
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Despite setting an intraday record yesterday, Nasdaq ended the day with a sharp reversal. More choppiness should be expected as more companies declare their quarterly results throughout the week. Using our AI, we have the Top Buys for today.
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Shares of Wells Fargo & Co. closed Tuesday down nearly 5%, but well off the day's worst levels, after the bank reported a wider-than-expected second-quarter loss and said it was cutting its quarterly dividend by 80%.
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"Something happened in mid-June that we're now confronting right now," Redfield said. "And it's not as simple as just saying it was related to timing of reopening or not reopening."
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Unlike other the other two big banks that reported on Tuesday, its results fell well short of analysts' consensus estimates.
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Tougher environment for likes of BuzzFeed and Vice raises prospect of more consolidation
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U.S. stock-indexes finished near session highs Tuesday, after Federal Reserve Gov. Lael Brainard calls for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid a "thick fog of uncertainty" brought on by COVID-19.
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U.S. investors, who been running up equity market values, have been right, at least so far, said St. Louis Fed President James Bullard on Tuesday. "Equity markets are something we don't usually talk about at the Fed. I think they have been optimistic and they have been right, I think, up to now anyway. They were optimistic in the May-June time-frame and indeed the data came in and validated the market thinking," Bullard said. He added a big part of market capitalization is tech firms and pandemic has been a "boon" to this industry.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Oil futures finished slightly higher on Tuesday, with traders awaiting outcome of Wednesday's OPEC Joint Ministerial Monitoring Committee meeting as well as this week's updates on U.S. petroleum supplies. Some analysts said the committee meeting may result in a recommendation to taper the size of current crude production cuts of 9.7 million barrels per day. Meanwhile, a report from Energy Information Administration due Wednesday morning is forecast to show a weekly decline of 2.1 million barrels in U.S. crude supplies, according to an S&P Global Platts survey of analysts. August West Texas Intermediate oil rose 19 cents, or 0.5%, to settle at $40.29 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Parking lots, of all places, are turning into bigger sources of revenue for some mall owners during the coronavirus pandemic. They're hosting drive-in movie theaters, food venues and more.
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Doctors in states with rising COVID-19 cases share their fears: "Is this the tipping point?" CBS News
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Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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Baby Was Infected With Coronavirus in Womb, Study Reports The New York TimesFirst known recorded case of baby contracting COVID-19 in womb - Business Insider Business InsiderDoctors in France have found what they say is the world's first recorded case of an unborn child contracting COVID-19 from their mother inside the womb MSN MoneyBaby infected with COVID-19 in the womb: study Yahoo! Voices
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Earnings were bad -- much worse than feared.
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Stocks rose on Tuesday as investors added exposure to some of the more cyclical names in the market while Big Tech underperformed.
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Delta has aggressively pursued investments in foreign airlines but the pandemic has hurt air travel, particularly abroad.
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Roche is licensing commercial rights to Blueprint Medicines RET-inhibitor pralsetinib.
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 Imv Inc (NASDAQ: IMV) share are ripping higher on above-average volume following an update by the company on its coronavirus vaccine program.What Happened? The Dartmouth, Nova Scotia-based company said it's rapidly progressing in developing DPX-COVID-19, its vaccine candidate against SARS-CoV2.The company said it's working closely with regulators and collaborators to kickstart the Phase 1 study as quickly as possible. Health Canada has already approved the clinical trial design of the study, it added."The rapid progress in target selection, the vaccine formulation, manufacturing and preclinical results so far not only demonstrate the potential of our delivery platform, but also build on our previously reported clinical data from a similarly designed vaccine against RSV, the respiratory syncytial virus," said Frederic Ors, CEO of IMV.What's Next? IMV plans to conduct the early-stage study as a randomized controlled study, assessing the safety and immunogenicity of two doses of DPX-COVID-19, in 84 healthy adults across two age cohorts - adults, ages 18-55 years and ages 56 and above.IMV said multiple batches of DPX-COVID-19 have been successfully produced.The Phase 1 study is planned for the fall. Contingent on positive results from the study, the company plans to initiate Phase 2 trials in the second half of the year.IMV shares were rallying 69% to $5.07 at the time of publication.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily u
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Big banks are still stockpiling cash to prepare for a wave of loan defaults as the coronavirus crisis wears on.
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China said it plans to sanction Lockheed Martin over its role in a $620 million U.S. arms package for Taiwan, Beijing's latest retaliatory gesture amid mounting pressure from Washington.
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Coronavirus cases soar by more than 1 million over 5 days CNNCoronavirus crisis may get "worse and worse and worse," WHO chief warns CBS NewsWHO sounds alarm as coronavirus cases rise by one million in five days ReutersWHO chief: Pandemic 'going to get worse and worse and worse' | TheHill The Hill
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Measures announced as relationship between world's most powerful countries grows frostier
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The company might just begin the testing this month after all.
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Banning the use of the Chinese tech giant's equipment in high-speed wireless infrastructure is a major reversal by Prime Minister Boris Johnson — and a big victory for the Trump administration.
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Will the Patriots start Cam Newton or Jarrett Stidham? Here are 4 factors to consider. Boston.comPatriots' Cam Newton: 'I felt like I was just left to die' Fox NewsThe Patriots have a social media-obsessed QB, as they have for years WEEIPatriots' Cam Newton says replacing Tom Brady is 'the elephant in the room' ESPN
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UK bans Huawei from 5G networks in "victory for the Trump administration" Ars TechnicaU.K. Bans Huawei From 5G Networks in Security Crackdown Bloomberg QuickTake NewsU.K. Bars Huawei From 5G Network, Raising Tensions With China The New York TimesWhat is Huawei and why is its role in UK's 5G so controversial? The GuardianGeorge Galloway: UK ban on Huawei is national self-harm. China's riposte could devastate the ailing British
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Shares of Tesla Inc. are up more than 4% in premarket trading Tuesday after Piper Sandler analyst Alexander Potter raised his price target on the stock to $2322 from $939, writing of "faster-than-expected share gains" and big opportunities in software. Though Tesla shares have rocketed nearly 260% on the year and the stock's valuation is 88 times higher than it was after its 2010 initial public offering, Potter said that "resoundingly" his conclusion is to stick with the stock. "While deliveries are a key driver of our increased near-term estimates, software is the biggest driver of our increased DCF-based price target," he wrote in a late Monday note to clients. "Tesla has noted the possibility for 30% gross margins if/when more customers opt-in for purchasing the company's full self-driving (FSD) software." That could help Tesla record operating margins in the "mid-20s" by the end of Potter's 20-year forecast period, even if only half of customers go for the full self-driving software. "Thanks to the high-margin nature of the FSD package, we think that by the 2030s, Tesla could conceivably be selling vehicles at cost - or even below cost - while still achieving higher operating margins," he wrote. Tesla shares have surged 60% in the past month alone as the S&P 500 has added about 4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Top news and what to watch in the markets on Tuesday, July 14, 2020.
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We're on track to hit a forecasted $3.7 trillion deficit for the whole year, which would surpass the previous annual record set during the 2008 financial crisis.
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 Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
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Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has not briefed the president since June 2.
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The parent company of century-old women's apparel brand New York & Co. has filed for bankruptcy protection and plans to liquidate all its stores after being hurt by the coronavirus pandemic.
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