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Dow Jones Surges 500 Points, As Apple, Tesla Jump; Virgin Galactic Rockets On Buy Ratings Investor's Business DailyStocks jump at open as Dow and S&P 500 look to snap four-week losing streak CNBC TelevisionWhat to watch today: Wall Street set to pick up where Friday's rally left off CNBCS&P 500 Index opens sharply higher near 3,500 FXStreetDow Jumps as Bulls Up Bets on Financials, Industrials Investing.com
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Trump's TikTok restrictions ‘likely exceed' his legal authority, federal judge says POLITICOJudge blocks Trump administration's ban on new TikTok downloads from U.S. app stores CNBCU.S. Likely Exceeded Authority in TikTok Ban, Judge Says The Wall Street JournalShow me who bans TikTok and I'll show you your (future) allies | TheHill The Hill
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 Nio Inc - ADR (NYSE: NIO) shares were advancing Monday, buoyed by the electric automaker's announcements at a Chinese auto show over the weekend.Nio Parades Products, Services: At the Beijing International Auto Exhibition 2020, Nio displayed its EV models, including the EP9, an electric super car launched in 2016; the ES8, its six-seater flagship premium EV model; and the recently launched EC6 SUV.The company also showcased a Power Swap Station, three types of chargers, NIO Innovations and patents and NIO Life.As expected, the company announced an upgrade to its smart operating system to Nio OS 2.7.0.Nio Unveils New Driver Assistance Functionality: Nio also released its Navigate on Pilot feature, which automatically guides the car on ring roads and highways."This is the first NIO.com commercial application of high-definition map in China on the ADAS functionality of mass-produced vehicles, which further enhances NIO Pilot's capability," Nio said in a press release.The company plans to release the feature to users in batches through firmware over the air in October, along with the newest upgrade to its operating system. Nio announced 20 new features and function optimizations, including camera-based driver drowsiness detection, remote seat ventilation and 5.1 immersive surround sound mode.Nio's Faster Charging Options: Nio has added 20 kilowatt-hour DC chargers to the list of destination charging stations to accelerate charging speed in certain scenarios and expand destination
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Banning downloads while the court fight continues would harm the video-sharing app's business, a federal judge said, ruling that the Trump administration's curbs likely went beyond the bounds of a national security law.
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U.S. stocks closed sharply higher Monday, starting the week on a higher note as investors bought shares of banks, energy companies, as well as materials and industrials firms. Talk of some progress toward a fresh coronavirus aid package, however unlikely to gain much traction on Washington, and bargain hunting by investors betting on happier economic times in the throes of a global viral outbreak, helped to revive some degree of the bullish sentiment. The Dow Jones Industrial Average closed up 410 points, or 1.5%, at 27,583, the S&P 500 index finished the session up 1.6% at 3,352, powered by a 2.3% gain in financials and a 2.3% in the energy sector . The Nasdaq Composite Index , meanwhile, closed 1.9% higher at 11,117, retaking a psychological perch above 11,000. All closing numbers are on a preliminary basis. Shares of Citigroup and Morgan Stanley and Wells Fargo & Co. closed up 2.9% and 3.1%, and 3.5% respectively, helping to lead the charge higher for the economically sensitive banking sector, underscoring some bets for an improved economy by investors and efforts by investors to find value in beaten down sectors that have not enjoyed the run-up in stocks to the same degree as the highflying technology-related and work-from-home shares. Investors are also focused on the looming 2020 presidential election, with a debate between President Donald Trump and former Vice President Joe Biden set for Tuesday, which could also influence investment behavior in the short term. Last week, stocks took a hit amid rising concerns of a renewed spread of the novel strain of coronavirus that causes COVID-19. Markets got off to a strong start on Monday partly due to solid economic data out of China, which appeared to overshadow reports of fresh lockdowns and growing cases of COVID-19 in parts of Europe.
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 two companies argued in federal court over Apple's power over apps, as their fight heads to trial next year.
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Commercial properties in difficulty are being valued at less than 75% previous level, appraisal data show
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These days, following an election can feel like watching the same slasher film every day for six months straight. But how should our political leanings impact our investing decisions? Specifically, should you sell before, during or after the election? While some might say that depends on who wins, I would take a different approach.
Two Clients Who Immediately Come to Mind
I remember receiving a call the morning after President Trump won in 2016 from a client who wanted to sell out of the market because he was sure President Trump would run stocks into the ground. After some conversation we agreed to look the other way on politics for a while and focus instead on his investing strategy, keeping the two parts of his life divided and keeping his assets in the market. Looking back, he would have kicked himself if he'd allowed his political views to leave him out of an amazing runup in equities following President Trump's election: After the "Trump rally," market performance during Trump's term showed strong annualized returns of 11.1% per year, with data through Aug. 3, 2020.
SEE MORE 5 All-Too-Common Financial ‘Sins' … and How to Atone for Them
On the other side of the aisle, I recall a client who was an avid supporter for President Trump and spent time standing by the roadside holding a Trump sign up for passing traffic (he was a pretty committed supporter). This client insisted on getting out of the market completely before the election because he believed Hillary Clinton would win and that the markets would be negatively impacted. In this case, the client missed the aforementioned equities runup completely, but for totally different emotional reasons than the first client. Not only was he frustrated that he
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Over the last several months, therapists have seen more marital conflict due to COVID-19. It turns out that, for couples who already have cracks in their marriage, being cooped up together, 24/7, is like putting salt on an open wound.
SEE MORE Thinking About Divorce? 5 Steps to Save Time, Money
However, not all unhappy couples are running to divorce lawyers. Robert Moses, a top matrimonial attorney with Moses Ziegelman Richards & Notaro in New York City, reports that he has not seen a stampede of new clients. "Many of my colleagues have not seen a great uptick yet in new divorce matters right now, but it is the summertime. It's possible that when the weather gets worse people will not want to stay cooped up with a spouse they want to divorce."
Aside from the weather, there are several other reasons why many are staying put, deciding to defer the date of their divorce.
Housing issues are holding couples together
Many couples decided to escape urban life during quarantine, landing in the suburbs, and beyond. According to a recent Harris Poll, 39% of Americans are considering moving to less crowded cities due to the pandemic. They are putting down roots, enrolling their kids in these school districts, and waiting to divorce until there is more clarity around the COVID situation, later in the year. There are just too many variables for these families to know where they will end up living, long-term. Starting a divorce action in their current location would not be ideal if the family decided to move back to their city of origin.
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