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Country's buoyant market supported by influential state media talking up its prospects
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Which Louisiana organizations got at least $150,000 in paycheck protection loans? Search our database NOLA.comMcConnell's Wife's Family Business Appears on Trump Admin's List of Companies That Received Most PPP Money NewsweekNew data shows lawmakers secured millions in small business aid POLITICOPPP Loans: What You Need to Know About the Latest Changes The Wall Street Journal
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European stocks pull back before earnings and next wave of data MarketWatch
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Google, Facebook and Twitter said they were reviewing China's punitive new national security law for the city, a rare public questioning of Chinese policy by major American tech companies.
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The moves in stock futures came as the U.S. continued to see a in coronavirus cases across the country.
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 Facebook boycott is giving voice to complaints that social media disproportionately stifles Black users while failing to protect them from harassment.
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Microsoft joins US tech peers in pushing back against China's sweeping new regulations
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Beijing's new national security law for the territory poses more uncomfortable questions
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 The Trump administration issued a ‘blanket approval' ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loan.
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The holiday weekend has done nothing to slow the positive momentum for U.S. stocks, with futures significantly higher on Monday
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 (Bloomberg) -- Leaving behind the waters of the Caribbean Sea, the 1,100-feet long oil tanker Maran Apollo is emblematic of the wider petroleum market.Steaming at 11.5 knots, she's heading toward China, where oil demand is fast recovering, hauling a cargo of two million barrels of U.S. crude. But her voyage didn't start a few days ago. She loaded in early May, and with no buyers during the worst of the coronavirus outbreak, the supertanker stood floating in the U.S. Gulf of Mexico for almost two months, waiting for better times.Only a few days ago, she weighed anchor and left for the Chinese port of Rizhao -- a sign that refiners are starting to pull in crude that went unwanted for months.It's not any kind oil on board, though. Refiners are competing for barrels in one corner of the market known as medium-heavy sour crude -- barrels with a higher content in sulfur and relatively dense. It's the kind of oil that Saudi Arabia and its allies pump. And also the type of crude that's pumped offshore in the U.S. Gulf of Mexico -- and that's what's in the Maran Apollo's tanks.Like the wine industry, the oil market has its own vintages: global refiners seek their barrels much like connoisseurs covet bottles of Bordeaux and Burgundy. Urals of Russia and Arab Light from Saudi Arabia are normally two of the most widely consumed -- think Cabernet Sauvignon, maybe a Merlot. But in today's oil market, such crude is in increasingly short supply due to record output cuts by the two nations and their allies."Deep OPEC cuts an
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Sunrun, which overtook Tesla to become the U.S.'s top installer of residential-solar systems, agreed to buy Blackstone-backed Vivint in all-stock deal valued at about $3.2 billion including debt.
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Energy-focused private equity house Vortus Investment Advisors has partnered up with Alchemist Energy to help upstream oil and gas players wait out market volatility.
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Dana White Says Usman Vs. Masvidal NOT for BMF Belt, 'That's a One and Done!' TMZUFC 251 Embedded: Vlog Series - Episode 1 UFC - Ultimate Fighting ChampionshipIs Max Holloway's legacy on the line in his next fight against Alexander Volkanovski? (Opinion) SportskeedaJorge Masvidal talks Kamaru Usman, negotiating to fight at UFC 251 | ESPN MMA ESPN MMAJorge Masvidal signs new multifight contract ahead of UFC 251
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Dr. Anthony Fauci warns US is 'knee-deep' in first wave of coronavirus cases and prognosis is 'really not good' USA TODAYLIVE VIDEO: Fauci and NIH chief deliver COVID-19 update Daily CometFauci Says the State of Coronavirus in the U.S. Is 'Not Good' Bloomberg QuickTake NewsFauci: State of US coronavirus outbreak 'really not good' | TheHill The HillUS is still 'knee-deep' in the
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Atlanta Mayor Keisha Lance Bottoms tests positive for Covid-19 POLITICOAtlanta mayor says she tested positive for coronavirus CNNAtlanta mayor faces criticism over early handling of protest site Fox NewsAtlanta mayor tests positive for COVID-19 Atlanta Journal ConstitutionAtlanta Mayor Keisha Lance Bottoms says she tested positive for COVID-19
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Some industries that were less directly impacted by the pandemic, such as manufacturing and construction, received a greater proportion of the PPP loans than the hard-hit restaurant and hotel industries.
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Asian markets were mixed in early trading Tuesday, as investors awaited an interest-rate announcement by Australia's central bank.
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The companies said they were reviewing China's punitive new national security law for the city, a rare public questioning of Chinese policy by major American tech companies.
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2020-07-06 0001209191-20-041419 11 KB
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The coronavirus has infected more than 11.49 million people around the world as of Monday, killing at least 535,185 people.
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 Solar company Sunrun to buy rival Vivint in $3.2 billion deal
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Kanye West's clothing brand, Hollywood production companies on pandemic loan list ReutersKanye West's Yeezy got millions in federal small business loans CBS NewsBillionaire Kanye West's Company Gets Multimillion-Dollar PPP Loan From Trump Admin The Daily BeastKanye West's Yeezy Brand Gets Multi-Million Dollar Loan from Government Stimulus Fund MSN MoneyYeezy Received At Least $2 Million In Small Business Loans
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The small business sectors that received the largest share of federal loans from the coronavirus relief package known as PPP include restaurants, doctors' offices, car dealerships and law firms.
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Uber Acquires Postmates For $2.65 Billion. Who Wants Takeout? ForbesUber to buy food-delivery service Postmates in $2.65 billion all-stock deal CNBC TelevisionUber to buy Postmates in $2.65 billion stock deal, expands food-delivery reach Yahoo FinanceHow Long Will UberEats Keep Its Appetite For New Acquisitions? ForbesUber buying Postmates in $2.65 billion deal Yahoo Finance
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Dr. Anthony Fauci says the average age of U.S. coronavirus patients has dropped by 15 years as Sun Belt states gets hit CNBCFauci Says Assume Any Covid-19 Vaccine Will Offer 'Finite' Protection Bloomberg Markets and FinanceSituation 'really not good' as new COVID-19 cases break records: Fauci ABC NewsUS is still 'knee-deep' in the first wave of the coronavirus pandemic, Fauci says CNN
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Supreme Court Rules State 'Faithless Elector' Laws Constitutional NPRSupreme Court says states can punish Electoral College voters CNNWhat does the SCOTUS ruling on faithless electors mean? Fox NewsSupreme Court makes it official: The Electoral College is an anachronism The Boston GlobeCourt's ruling on Electoral College -- chaos could still ensue CNN
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Author Max Brooks on America's poor pandemic response and why Donald Trump is "a homicidal buffoon" SalonAs Trump gaslights America about coronavirus, Republicans face a critical choice CNNWhite House signals it could get on board with 2nd round of stimulus checks - Business Insider Business InsiderSteve Hilton: Here's how Trump gets reelected Fox NewsMc
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The ruling, a victory for the Native American and environmentalist groups who oppose the pipeline, said that it must be emptied of oil by Aug. 5.
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Florida orders schools to reopen in the fall, even as virus cases soar The Washington PostFlorida Department of Education orders all its schools to reopen campuses in August after coronavirus closures Fox NewsFlorida Orders Schools to Open in August Despite Coronavirus Surge NewsweekFlorida orders all schools to open next month despite surging COVID-19 cases | TheH
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 U.S. stock index futures fell late Monday, after stocks on Wall Street continued to rally earlier in the day. As of 10:30 p.m. Eastern, Dow Jones Industrial Average futures were down about 100 points, or 0.4%, while S&P 500 futures slipped 0.3% and Nasdaq-100 futures were about flat. During regular trading, the Dow gained 459.67 points, or 1.8%, to close at 26,287.03. The S&P 500 climbed 49.71 points, or 1.6%, closing at 3,179.72 and booking its fifth straight sessions of gains, its longest streak since Dec. 17, according to Dow Jones Market Data. The Nasdaq Composite Index surged 226.02 points, or 2.2%, to 10,433.65, finished at another record high.
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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What unites Planned Parenthood, Kushner and Kanye? PPP loans NBC NewsTrump administration releases list of companies that received most money from small business bailout loans CNBCNancy Pelosi's husband among lawmaker-linked PPP loan recipients New York Post Trump's Waikiki Partner, Kushner Family Among PPP Borrowers Washington Post
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Here's your first real-life look at the Samsung Galaxy Note 20, and it's gorgeous PocketnowSamsung Galaxy A51 5G full review GSMArena OfficialSamsung's next Fold will be called the "Galaxy Z Fold 2" XDA DevelopersGalaxy Note 20 will likely be released on August 21 PhoneArenaGalaxy Fold 2 to come bundled with 25W fast charger SamMobileView Full Coverage on Google News
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Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery NPRUber to buy food-delivery service Postmates in $2.65 billion all-stock deal CNBC TelevisionUber buying Postmates in $2.65 billion deal Yahoo FinanceHow Long Will UberEats Keep Its Appetite For New Acquisitions? ForbesUber to buy Postmates in $2.65 billion stock deal, expands food-delivery reach Yahoo Finance
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Galaxy Watch 3 firmware analysis: Here's what we found about Samsung's new smartwatch XDA DevelopersHere's your first real-life look at the Samsung Galaxy Note 20, and it's gorgeous PocketnowSamsung Galaxy A51 5G full review GSMArena OfficialSamsung's next Fold will be called the "Galaxy Z Fold 2" XDA DevelopersGalaxy Note 20 Ultra appears in live photos, launch date tipped SlashGear
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Uber bets on delivery with $2.65 billion acquisition of Postmates as ride-hailing stalls MarketWatchUber to buy food-delivery service Postmates in $2.65 billion all-stock deal CNBC TelevisionUber buying Postmates in $2.65 billion deal Yahoo FinanceHow Long Will UberEats Keep Its Appetite For New Acquisitions? ForbesThe Morning After: Uber sets its sights on Postm
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Palantir Technologies said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley's oldest private startups.
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CNN's Anderson Cooper: Trump's Bubba Wallace tweet was 'racist, just plain and simple' | TheHill The HillPresident Donald Trump calls out Bubba Wallace, NASCAR in tweet ESPNMcEnany defends Trump tweet on NASCAR and confederate flag CNNFour more years? Four more months will be hard enough. The Washington Post
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This elite business just keeps on winning.
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Sources - Chiefs, Patrick Mahomes agree to 10-year, $450 million extension ESPNPat McAfee Reacts To Patrick Mahomes Signing A 10 Year Contract With The Chiefs The Pat McAfee ShowPatrick Mahomes agrees to record-breaking $503 million, 10-year extension with Chiefs Yahoo SportsReport: Chiefs, Mahomes agree on 10-year contract extension KCTV Kansas City
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U.S. stocks on Monday finished sharply higher to kick off the first full week in July, as Wall Street followed European and Chinese equities higher, even though the U.S. showed little sign of controlling new coronavirus infections.
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Some companies aren't allowing workers to wear Black Lives Matter masks or other BLM attire. Employees have protested against Whole Foods, Trader Joe's Taco Bell and Starbucks, among others.
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The latest on stock market and business news during the coronavirus outbreak.
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 Network of anti-lockdown Facebook groups has new target: Black Lives Matter
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Shares of Tesla Inc. charged higher to a fourth-straight record close Monday, after even the most bearish analyst on Wall Street analyst lifted his price target following the electric vehicle maker's blowout deliveries results.
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 (Bloomberg) -- The parent company of TheStreet Inc., a financial news website co-founded by media personality Jim Cramer, received a $5.7 million loan as part of a program aimed at helping U.S. small businesses weather the pandemic.The loan was included in documents released by the federal government on Monday chronicling the $669 billion Paycheck Protection Program. A spokesman for TheMaven Inc., which acquired TheStreet in 2019 for $16.5 million, said that for "ease-of-process" reasons the borrowing was taken out under TheStreet's name, but that it was for the entire consolidated company, which owns media properties such as Sports Illustrated.Cramer, who still supplies content to TheStreet under a deal that followed its acquisition by TheMaven, has been critical of how banks handled the Paycheck Protection Program. In April, he slammed financial institutions for approving loans to larger companies than should have been allowed. A spokesperson for CNBC, where Cramer hosts a TV show, didn't immediately respond to a request for comment.Bloomberg News, part of Bloomberg LP, competes with both TheStreet and CNBC in providing financial news.In June, TheMaven forecast that sales would be more than $115 million this year. It first disclosed that it was taking out the loan in a filing in May.Another news outlet, Axios, which covers finance, government and politics, returned its loan from the Small Business Administration's stimulus program after it became public.Other media businesses have tapped the loans, inclu
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 (Bloomberg) -- It was once the center of America's shale boom -- a vast reservoir of crude unleashed by hydraulic fracturing and horizontal drilling, turning North Dakota into the second-largest oil producer in the U.S. and helping transform the nation into the world's largest supplier.These days, the Bakken is looking like anything but a boom. Drilling in the once-prolific shale formation straddling North Dakota, Montana and parts of Canada has all but halted -- another victim of the pandemic that sapped fuel demand worldwide. Output is believed to have fallen by as much as half a million barrels a day this year. Even before the virus, drillers there were struggling to compete with fast-improving margins in Texas's Permian Basin. Now, the looming shutdown of the Dakota Access pipeline that carries more than a third of the region's oil to market threatens to keep the play from booming ever again."This court ruling will create major obstacles for producers in North Dakota, who've been struggling to rebound," said Sandy Fielden, director of research for Morningstar Inc. The buyers of Bakken crude, he said, will simply turn elsewhere for supplies once the pipeline dries up.On Monday, a U.S. district court ruled that Energy Transfer LP's Dakota Access pipeline will have to shut by Aug. 5. If the ruling survives appeals, it would be the first time a major pipeline in service was ordered shut because of environmental concerns. Exactly how long it will be down is unclear -- the court has decided
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Teary Amanda Kloots sings 'Live Your Life' with fans one last time after Nick Cordero dies USA TODAYEditorial: Want to revive the economy? Fewer lectures, more personal responsibility. Chicago TribuneBroadway star Nick Cordero dies after a monthslong battle with coronavirus CBS This MorningNick Cordero's last Instagram post in March was a tribute to his wife TODAY
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See which stocks are posting big moves after the bell.
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Multiple brands of hand sanitizer recalled or should be avoided due to methanol risk, FDA says. See the list. USA TODAYFDA warns about 5 additional toxic hand sanitizers CBS NewsDigital Desk: FDA warns against hand sanitizers containing toxic chemical CBS 17FDA Adds 5 'Toxic' Hand Sanitizers to an Already Dangerous List, Now at 14 NewsweekFiv
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 We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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The market continues to move to unprecedented heights.
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Moves by social media companies follow rollout of China's national security law
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 Tesla Inc (NASDAQ: TSLA) shares ripped higher by another 10% on Monday as the Wall Street buying frenzy surrounding electric vehicle stocks continued. Earlier this month, Tesla reported its second-quarter vehicle deliveries were down about 5% from a year ago, yet Tesla's market cap has exploded from around $40 billion a year ago to $245 billion today.Tesla has the single largest short position of any U.S. stock, according to S3 Partners. And while short sellers pound the table on how detached the stock has come from reality, Tesla is a textbook example of how much more dangerous it is for traders to short a stock than go long.Risk-Reward Balance And FeesThe primary reason short selling is more dangerous than buying is potential risk versus potential reward.When an investor buys a stock, risk is capped at 100% of the investment. A stock price can't go lower than $0, and rarely does it even come close. At the same time, potential upside is unlimited, and stocks often gain 150% or even 200% in a matter of a few years. Tesla shares are up 468% in the past 12 months.When a trader shorts a stock, that risk-reward balance is reversed, creating a situation where potential gains are capped at 100% but potential losses are unlimited.On top of that elevated risk level, short sellers must also deal with borrowing fees. For most liquid stocks like Tesla, these fees are relatively small, but they eat into any potential profits and add to any losses.On top of borrow fees, short sellers are requ
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 The day's jump increased Tesla's stock market value by $30 billion, eclipsing the entire value of Ford Motor Co , currently at $25 billion. JMP Securities increased its price target to $1,500 from $1,050 after Tesla on Thursday reported higher-than-expected second-quarter vehicle deliveries, defying plummeting sales in the wider auto industry as the coronavirus pandemic slammed the global economy. "We believe that the question to be considered is not whether the stock is expensive on current valuation measures, but what the company's growth and competitive position signal about the stock's potential for the next several years," JMP Securities analyst Joseph Osha wrote in a client note.
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 Despite competing for cruisers out at sea, Royal Caribbean and Norwegian Cruise Line are teaming up to help throw their industry a life preserver during the Covid-19 pandemic. Announced this morning, and first reported by The Washington Post, the cruise lines are leading the creation of a health and safety panel aimed at helping the...
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