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 So much is uncertain these days. The coronavirus has came back, but the ‘second wave' already shows signs of fizzling out. China was in the headlines again recently, as President Trump promised to ban Tik Tok from US access unless it was purchased by a US company. With the November election less than three months away, no one can truly say what the political landscape will look like come year's end. And to top it off, we don't even really know how our kids will be going back to school. By remote? In person? It all comes back to the coronavirus.Looking at the clouded landscape from Wells Fargo, head of equity strategy Chris Harvey isn't worried about the virus or China - he believes those factors are baked into the economic picture by now. He does see risk, however, from the elections and the coming school year: "What we worry about more is the narrative of negative interest rates coming back, the fact that we think that political risk is underpriced, and back to school is going to have a ton of fits and starts, which could play into the economy and the job picture."On a more immediate note, Harvey sees the markets peaking near their current levels, and then pulling back in the run-up to the elections.Yet, even though Wells Fargo sees markets nearing their upper resistance levels, the firm is still suggesting value stocks to buy. The firm's analysts have been pointing out opportunities in the market, and we've pulled the info on them from the TipRanks database. Some of the recent picks are an eclectic bunch from a range of sectors. Let's find out w
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 On Friday, numerous pharmaceutical companies - Novavax, Johnson and Johnson, and AstraZeneca - came forward with announcements about vaccine deals with several countries. Yahoo Finance's Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round.
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 Yahoo Finance's Anjalee Khemlani and Zack Guzman discuss COVID-19 vaccine maker Curevac's public debut and the UK Government signing vaccine deals with J&J and Novavax.
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 "Fortnite" creator Epic Games is geared up for a fight against Big Tech, and it is winning the support of other prominent app developers in the process.
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U.S. stocks spent most of the day hovering around the flat line after a weaker-than-forecast July rise in retail sales.
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 President Donald Trump said Friday that McKesson Corp. would partner with the U.S. government to distribute a coronavirus vaccine when one is approved. Speaking at a White House news conference, Trump said the joint effort was being taken under the federal government's Operation Warp Speed, which aims to deliver COVID-19 vaccine doses to the American public. Shares of McKesson were up nearly 3% in recent trading action. Just prior to Trump's mention of the company, the stock was up about 1.7%.
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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The S&P is struggling to reach a new record high.
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Despite taking business risks himself during the '90s, NBA Hall-of-Famer turned business mogul Magic Johnson advises the next generation of entrepreneurs to "lay low" and "push the pause button" amid the Covid-19 pandemic.
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 Vaccine companies are striking deals with richer countries, leaving poorer countries on the sidelines.
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 1-800 Contacts has been selling contact lenses over the telephone since 1995, but it's never received as many calls as it has since the Covid-19 outbreak began. At the outset of the coronavirus crisis, government orders to shelter in place meant fewer people were willing to venture far from home. Plus, with eye doctors largely...
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U.S. stocks closed lower Friday and booked weekly gains, but trading to end in mid August suggests that it may be tough sledding ahead for investors hoping to find further gains, with the S&P 500 within a striking distance of its record close, as stimulus talks are all but dead and data point to a slow and fitful economic recovery from the COVID-19 pandemic. Economic reports, including unemployment claims and retail spending, continue to suggest the economy is recovering, but at an unsteady pace as the virus fails to submit efforts to quash it throughout the country. A report on retail sales in July rose 1.2%, and increased by 1.9% once stripping out for auto and gas. Meanwhile, second-quarter productivity jumped 7.3%, while second-quarter unit labor costs surged by 12.2%. Separately, a reading on industrial production rose 3% in July for the third straight monthly gain after sharp declines in March and April, the Federal Reserve reported Friday. Investors continued to wait for developments on a coronavirus relief package from Congress but lawmakers have broken for recess until Labor Day. The Dow Jones Industrial Average closed up 34 points, or 0.1%, at 27,931 and booked a weekly gain of 1.8%, while the S&P 500 index finished the day nearly unchanged at 3,372 but notched a weekly gain of 0.6%, ending Friday's trade about 14 points from a record close. Meanwhile, the Nasdaq Composite Index closed 0.2% lower at 11,019 and logged a weekly gain of less than 0.1%. Tech stocks have been at the vanguard of the current recovery for stocks but have seen gains peter out in recent trade. Meanwhile, on U.S.-China trade talks, both sides have canceled plans for a virtual weekend meeting to assess their so-called phase one trade deal as it hits its six-month mark.
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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Tesla bear ranks are thinner after BofA, Morgan Stanley upgrade their ratings on the stock, citing the share rally and ‘battery day'.
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Epic Games' latest legal action comes on the heels of a similar suit it filed against Apple.
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Indexes were little changed to finish a noteworthy week.
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Fortnite banned by Apple and Google: Everything you need to know CNETFortnite for Android has also been kicked off the Google Play Store The VergeEpic's Nineteen Eighty-Fortnite video is an irresponsible piece of corporate propaganda | Opinion GamesIndustry.bizOpinion: The Apple/Epic ba
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Trump signed an executive order calling for an extra $300 a week in unemployment benefits — but it's best to read the small print.
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The USPS said that states' deadlines for mail-in voting are "incongruous with the Postal Service's delivery standards."
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This week Bloomberg reported Apple Inc's plans to launch a new subscription bundle according to anonymous sources familiar with the rollout.
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Households boosted retail spending 1.2% in July, the third straight monthly increase, but new obstacles could hamstring the U.S. economy as it digs out of a severe recession.
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 Macy's, Nordstrom, Kohl's shares rise after July retail data
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The CDC asked four states and a city to begin drafting vaccine distribution plans this week.
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Kamala Harris misinformation on Facebook and Twitter worries experts Vox.comFact check: Trump promotes another birther lie, this time about Kamala Harris CNNNewsom must appoint first Latino US Senator of California Sacramento BeeKamala Harris's Undertold, Undersold Story The New York Times
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Trump brother hospitalized in New York: Sources ABC NewsPresident Donald Trump's brother Robert hospitalized in New York, White House says CNNReporter Asks Trump If He Regrets 'All The Lying' He Has 'Done To The American People' | NBC News NBC NewsTrump's younger brother, Robert, is hospitalized in New York AOL'Do you regret all your lying?' Reporter stumps Trump at White House press briefing Guardian NewsV
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 Stock futures pointed to another mixed session on Wall Street. A day earlier, tech shares led the Nasdaq to back-to-back sessions of advances while the S&P 500 and Dow declined.
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The coronavirus has infected more than 20.9 million people around the world as of Friday, killing at least 760,000 people.
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Dow Jones Edges Higher In New Bid For 28000; Tesla, AMAT Stock Lead Nasdaq Investor's Business DailyS&P 500 Index opens little changed after mixed US data FXStreetDow Jones Futures: Signal Mixed Stock Market Rally; Tesla Eyes Key Resistance; SEC Accounting Probe Slams Baidu's iQiyi Investor's Business DailyBullish indicators point to more gains for S&P 500 MarketWatch
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Oil futures settled lower on Friday on the back of weaker global demand forecasts, but declines in U.S. crude supplies helped prices tally a gain for the week. Right now, "fundamentals are not looking favorable for crude," with pressure from both the supply and demand sides of the market," said James Hatzigiannis, chief market strategist Ploutus Capital Advisors. Prices will likely "be coiling around this area until we see a big catalyst...leading to risk on or risk off sentiment." September West Texas Intermediate oil fell by 23 cents, or 0.5%, to settle at $42.01 a barrel on the New York Mercantile Exchange. Front-month prices rose 1.9% for the week.
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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Shares of iQiyi Inc. plunged 15% on heavy volume Friday, in the wake of the China-based streaming video service's disclosure of an investigation by the Securities and Exchange Commission related to certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th-most actively traded on major U.S. exchanges, and more than 7-times the full-day average. The SEC investigation follows a report issued by short seller Wolfpack Research in April. Analyst Rob Sanderson at Loop Capital Markets said said investors "should not be incrementally rattled by the announcement of the SEC investigation," as the lack of content and heavy post-COVID-19 attrition was already well known. The disclosure of the investigation was in the company's second-quarter earnings report out late Thursday, in which iQiyi reported a narrower-than-expected loss and revenue that rose more than forecasts, according to FactSet, while online ad revenue and subscribers missed, Loop's Sanderson said. Separately, the stock's selloff was helping knock Baidu Inc.'s stock down 6.1%. In Baidu's second-quarter report, the China-based internet search and marketing company said revenue iQiyi represented about 27% of total revenue. Year to date, shares of iQiyi have shed 12.4% and Baidu have lost 7.5%, while the iShares MSCI China ETF has rallied 12.6% and the S&P 500 has gained 4.5%.
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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Gold futures end lower Friday, pulling back after two straight days of gains, with prices registering their first weekly loss in 10 weeks, pressured by recent strength in U.S. Treasury yields.
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‘I was the supervisor of the department that processed and reconciled parking citations. Since mid-March, the number of parking citations drastically fell due to the coronavirus pandemic.'
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 Gold suffers first weekly loss in past 10
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The Chinese search leader and its streaming unit are facing a regulatory probe into fraudulent reporting.
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DraftKings sank more than 6% on Friday after it said its loss for the second quarter widened despite stronger revenues.
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General Motors Co. would do well in spinning off its electric-vehicle operations and capabilities into a standalone company, "which could force the market to recognize its robust EV technology and upcoming (vehicle) lineup," analysts at Deutsche Bank said in a note Friday. That recognition would unlock "considerable" shareholder value, give the new company access to cheap capital to fund expected growth, and provide it the ability to attract and retain talent, the analysts said. GM seems to be considering the option, they said. Tesla Inc. , Nikola Corp. and others have reaped the benefits of that market attention, which stands "in sharp contrast with depressed legacy automakers' value," the Deutsche Bank analysts said. "This is particularly striking in the case of GM and VW, which actually have strong EV capability and upcoming product plans," they said. This "reflects massive investment flows towards vehicle electrification startups, at the expense of incumbent industry participants, and raises the question of how to get investors to recognize the value of electrification technology within large legacy organizations." The analysts reiterated their buy rating on GM, and kept their price target on the stock at $33, saying that an EV spinoff "could boost it considerably further." GM shares have lost 24% this year, contrasting with gains around 4% for the S&P 500 index in the same period.
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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 Americans slowed down their spending last month, with retail sales only up 1.2% in July. Yahoo Finance's Alexis Christoforous, Brian Sozzi and Emily McCormick break down the numbers and speak with Columbia Business School Professor Mark Cohen about what it means for the economy.
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U.S. stocks opened mostly lower on Friday, as investors digested so-so economic data against the backdrop of stalled negotiations over extending coronavirus aid. The Dow Jones Industrial Average was down 119 points or 0.4% to open near 27,778, while the S&P 500 lost 8 points, 0.2%, to open near 3,370. The tech-heavy Nasdaq Composite index bucked the trend, opening at 11,046, up about 3 points. Retail sales volumes grew 1.2% in July, below expectations, but boosted by upward revisions to prior months. All eyes are on consumer working and spending patterns now that existing fiscal relief has expired, and negotiations for an extension seem to have broken down in Washington. Shares of Tesla Inc. jumped at the start of trading, opening above an earlier record of $1,643.
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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Novavax shares rose after the company said it reached a deal with the U.K. to supply 60 million doses of its potential coronavirus vaccine.
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A new record for the S&P 500 seems unlikely this week as the market is on pace for an opening loss.
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Like AMC, Cinemark plans to reopen theaters before the month is out.
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 Buffett's Berkshire buys gold miner Barrick, cuts Wells Fargo, JPMorgan stakes
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Investors appear to be getting more optimistic about the company's upcoming Q2 update.
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 Shares of iQiyi tumbled on Friday after the launch of an SEC probe into fraud allegations against the company. Yahoo Finance's On the Move panel discusses.
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Some stock offerings dilute -- but not all.
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 E-commerce giant Amazon is considering relocating some employees out of Seattle. Yahoo Finance's On The Move panel break down the latest developments.
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Popular video game Fortnite was no longer appearing on the App Store after its maker, Epic Games, announced a cheaper payment system that sidestepped Apple's.
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Scientists: Probe Center of Uranus, You'll Hit Some Weird Water FuturismScientists probe the weird, alien water inside of Uranus and Neptune Live ScienceView Full Coverage on Google News
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 The oil industry was already under pressure due to the climate crisis and increasing regulation from governments to cut emissions. Now, many are wondering if the coronavirus is the last drop that will kill the oil industry and help save the planet. Analysts say that the oil and gas industry will never be the same. Without any exaggeration, oil is facing the gravest challenge in its 100-year history. Oil giants have been pushed to 'survival mode' and an environment of pure carnage due to plunging demand and a destructive price war.Unprecedented Times With some labeling, the situation as "apocalyptical", the least lurid description is "unprecedented". Oil prices have been the lowest in almost two decades, with even worse potentially on the way. This latest cyclical oil shock is hitting an industry whose days are counted. But the world's economy and infrastructure is still heavily invested in fossil fuels to a truly staggering level. This means oil has enormous inertia. Moreover, the aspects that made us rely on oil during the last hundred-plus years are still around because it is still a powerful way to produce and transport energy.The Answer Of Oil Giants Dividend Aristocrats are still betting their future on oilChevron Corporation (NYSE: CVX) is continuing to drill for oil. Chevron and Exxon Mobil Corporation (NYSE: XOM) are certain they can still bring in a few profitable years while their European rivals are betting their future on renewables. Chief Executive Officer Mike Wirth believes the energy business is simply undergo
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Apple, Google remove Fortnite from app stores ABC NewsView Full Coverage on Google News
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Sales at U.S. retailers rose modestly in July and returned to precrisis levels, but growth has tapered off since the economy reopened and could be even softer in the months ahead in the absence of another major federal-relief package. Retail sales rose 1.2% last month
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 (Bloomberg) -- Oil headed for a second weekly gain as signs an energy demand recovery in the U.S. is gaining traction outweighed a more pessimistic report from the International Energy Agency.Futures in New York edged higher near $42 a barrel Friday and are up around 3% for the week. A slew of encouraging data on U.S. crude stockpiles, gasoline consumption and refinery activity spurred the biggest daily jump in three weeks Wednesday. The optimism was tempered the following day as the IEA cut its global demand estimates for almost every quarter through the end of 2021.The agency's steepest downgrades were for the second half of this year and it said the outlook for jet fuel consumption had worsened in the last few weeks as the coronavirus spread more widely. On a brighter note, the IEA said that world markets should tighten during the rest of the year as activity recovers and Saudi Arabia and other OPEC nations keep production in check.Crude closed at a five-month high on Wednesday and is threatening to break out of the tight range it's been trading in for the last couple of months. That promises to be tough though, as it will need to overcome a still-surging coronavirus and large inventory overhangs. However, an expected increase in Chinese buying later in the year may lend some support."This week's inventory data was supportive, but the next significant catalyst that the market is focused on could be the U.S. coronavirus stimulus package," Stephen Innes, chief global market strategist at AxiCorp Ltd., said
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UK fund manager says Trump administration measures could hit $1tn in equity investments
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 Taking the top spot, Apple (AAPL) is the world's largest company by market cap. Valued at almost $2 trillion, the tech giant keeps swatting away whatever headwinds it encounters.The level of devotion it inspires among its fans is like no other. Mega-cap rivals Microsoft and Amazon might also be considered untouchable titans, but their brands and products do not sparkle with the same aura as Apple's offerings do.That said, should investors be comfortable with how much its valuation has increased recently? Deutsche Bank analyst Jeriel Ong took a look inside Apple's core, to explore why the giant from Cupertino has trounced all standing in its way over the last few years.The analyst lists six reasons why he believes Apple's valuation has expanded so dramatically: "1) S&P500 NTM P/E has expanded from ~17x from 2015-2019 to ~20x year-to-date on average and 23-24x of late; this has provided a tailwind to AAPL; 2) Risks of material unit share loss reduced (iPhone revenues largely stable despite negative preannouncements, iPad and Mac growing steadily); 3) AAPL has increasingly integrated their ecosystem together: 4) AAPL has increasingly shifted revenues/profits to higher services/software mix as a percentage of revenue, and as a result has a more consistent/stable margin outlook; 5) Wearables has risen driven by Watch/AirPods; 6) Shareholder return strategy increasingly valued."Pertaining to point three, Ong highlights what might be the most telling insight of all. Apple is not an iPhone company, b
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 Four months after the rollout, those left waiting for stimulus include some lower income families with children and others with spouse is in jail.
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