|
 Chris Wallace from Fox News draws flak from partisans and pundits amid a messy debate in Cleveland between President Donald Trump and Democratic challenger Joe Biden.
|
RELATED ARTICLES | | |
|
The stocks making the biggest moves in premarket trading include Disney, Micron, Dow Inc., GM, and more.
|
|
 The stock market may do worse than the historical norm after a debacle of a first debate between president Trump and challenger Joe Biden.
|
|
 The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 33.6 million on Wednesday, according to data aggregated by Johns Hopkins University, while the death toll rose to 1.008 million. The U.S. has the highest case tally at 7.2 million, and highest death toll at 205,998. In the first of three planned presidential debates, President Donald Trump blamed China for the outbreak, while rival Democrat Joe Biden slammed Trump's handling of the crisis. "It is what it is because you are who you are," Biden said, parotting the phrase Trump used in a recent Axios interview regarding the U.S. death toll. Brazil has the second-highest death toll at 142,921, but third-highest case tally at 4.8 million. India is second to the U.S. by case tally at 6.2 million, and has the third-highest death toll at 97,497. Mexico is fourth with 77,163 deaths and seventh with 738,163 cases. The U.K. has 42,162 deaths and 448,734 cases, the highest death toll in Europe and fifth-highest in the world.
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.
|
RELATED ARTICLES | | |
|
U.S. stock-index futures head lower Wednesday, with investors attributing the declines at least partly to a failure of the first presidential election debate to provide any substance on policy or calm fears of a contested outcome.
|
|
ConocoPhillips said Wednesday it is planning to resume share buybacks in the fourth quarter with plans to repurchase $1 billion worth. The Houston-based oil and gas company made the announcement as it offered updated guidance for the third quarter. The company expects production volumes of 1,050 thousands barrels of oil equivalent per day, or MBoed, to 1,070. "This estimate reflects the impact of third-quarter curtailments and planned seasonal turnaround activity," the company said in a statement. It expects average realized prices of $30 to $32 per barrel of oil equivalent. ConocoPhillips expects adjusted operating costs to range from $1.180 billion to $1.250 billion, and capex excluding acquisitions of $750 million to $820 million. The company will release third-quarter earnings on Oct. 29. Shares were up 0.4% premarket, but have fallen 50% in the year to date, while the S&P 500 has gained 3.2%.
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.
|
|
Many on social media bemoan chaotic debate in which President Donald Trump constantly and aggressively interrupted Joe Biden.
|
|
 Stock futures fell Wednesday morning as investors considered the aftermath of a raucous first presidential debate and continued to eye developments among congressional lawmakers for further fiscal stimulus.
|
|
Dow futures pointed to a drop at Wednesday's open following the chaotic first debate between President Trump and Joe Biden.
|
|
Dow Inc. said Wednesday it expects to book restructuring charges of $500 million to $600 million in the third quarter, as the materials science company, which makes plastics and paints among other products, pushes ahead with a cost cutting program during the pandemic. The company said the charges will consist of severance and related benefit costs, exit and disposal activity costs and asset write-downs and write-offs. The company is on track to achieve its reduced target for capex of $1.25 billion in 2020, down from $2.0 billion in 2019. "Given the expected gradual and uneven global economic recovery from COVID-19, we announced in July that we are taking necessary actions to continue to optimize our asset footprint, reduce structural costs and enhance the competitiveness of our business over the long-term," Chief Executive Jim Fitterling said in a statement. The company is expecting to close the dale of rail infrastructure assets at six North American sites to Watco three months earlier than planned for cash proceeds or more than $310 million. Shares were not active premarket, but have fallen 15% in the year to date, while the S&P 500 has gained 3.2%.
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.
|
|
Elanco Animal Health Inc. said Wednesday it is restructuring its business just two months after closing the acquisition of Bayer Animal Health. The Greenfield, Indiana-based company said it expects to cut 900 jobs across nearly 40 countries, mostly in sales and marketing, but also in R&D, manufacturing and quality, and back office support. The company is aiming to generate at least $100 million in annual savings, and will start to de-lever, by paying $100 million on its term loan. Elanco is aiming to capture initial synergies from the deal, despite the challenges presented by the coronavirus pandemic. "After our early view of the combined business, we have full confidence in delivering $275 million to $300 million in synergies, with the first two-thirds coming in the first 30 months," Chief Executive Jeff Simmons said in a statement. The restructuring is expected to cost $190 million to $210 million, and the company will book a restructuring charge of $130 million to $145 million in the third quarter, followed by $40 million to $45 million in the fourth quarter. Shares were not active premarket, but have fallen 9% in the year to date, while the S&P 500 has gained 3.2%.
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.
|
|
Leon Cooperman, the 77-year-old billionaire chief executive of hedge fund Omega Advisers, has a lot of thoughts on the stock market. Or, as he puts it, three stock markets.
|
|
U.S. firms add 749,000 jobs in September, above Wall Street estimates, ADP said Wednesday.
|
|
‘At 94, our father needed assistance with paying his bills. He told us that all of his money was to be split evenly between us. Do I have a legal right to any of that money?'
|
|
Boqii Holding Ltd. , a Chinese pet products online platform, priced its initial public offering at $10 per American Depositary Share on Wednesday, selling 7 million ADS to raise $70 million. The stock will start trading on the New York Stock Exchange later Wednesday, under the ticker "BQ." Roth Capital Partners, CMB International Capital Limited and Valuable Capital Limited were underwriters on the deal.
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.
|
|
 Private sector of U.S. economy has regained 749,000 jobs in September: ADP
|
|
| |
The number of confirmed cases of the coronavirus that causes COVID-19 rose to 33.4 million on Tuesday, a day after the global death toll reached 1 million, as governments around the world moved to reimpose restrictions on movement in a fight to contain the spread.
|
RELATED ARTICLES | | |
|
‘My daughter was in an outpatient program and outpatient family therapy. The therapist said that we were a toxic family and we had parentified our kids.'
|
|
 The pandemic is wrecking millions of older workers' retirement dreams as crashing stock markets and a wage slump make it impossible for them to give up work, the Institute for Fiscal Studies (IFS) has warned. Huge numbers of pensioners could find themselves significantly worse off than planned in retirement, the IFS said, following a plunge in share prices which has wiped 22pc off the FTSE 100 since the start of the year. A third of older people say they are worse off as a result - while 8pc have said they will be forced to push their retirement date back. There were 10.7m over-50s in work before the pandemic struck, according to the Office for National Statistics, suggesting as many as 850,000 could delay retirement if the survey reflects this age group. Meanwhile, 5pc are planning to retire sooner than expected. Although this group encompasses some richer households, it also includes may workers who have given up hope of returning to their job after being put on the taxpayer-funded furlough scheme, which is ending next month. Almost a quarter of older workers have been furloughed, and 15pc of workers in the age group think their job is unlikely to return after the pandemic. Rowena Crawford, of the IFS, said: "The current pandemic risks having serious and long-term financial consequences for older workers, affecting living standards into and through retirement. "Those on furlough are now more likely than those working to be planning to retire earlier and it will be important
|
RELATED ARTICLES | | | |
Market Questions is the FT's guide to the week ahead
|
Manage Folders
Manage Ticker/Headlines
Choose from News Feed Directory
Add Your Own Feed
Create Feed Using Search Terms
|
Choose from News Feed Directory
Add Your Own Feed
Create Feed Using Search Terms
|
|
Private Label