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Oct. 28, 2020, 12:00 p.m. EDT

Coronavirus update: Pandemic sets record case numbers across the U.S. as White House suggests the crisis is over

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By MarketWatch

MARKETWATCH FRONT PAGE

The coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating. See full story.

U.S. stocks tumble, Dow down more than 700 points, as COVID cases rise

Stocks see big losses in early trade Wednesday, pressured by rising COVID-19 cases in the U.S. and Europe, presenting a threat to the economic recovery. See full story.

The stock market has put in a top and an ‘enormous’ bubble has already burst, says David Einhorn

An “enormous” bubble in tech stocks likely popped in September, putting the top in the market, hedge-fund manager David Einhorn warned in a letter to investors. See full story.

Microsoft earnings easily top expectations, but forecast for Xbox’s debut quarter dings stock

Microsoft Corp. easily topped earnings and sales expectations with a Tuesday report, as all three of its core segments grew strongly amid demand for cloud services and videogames during the COVID-19 pandemic, but its forecast did not live up to estimates. See full story.

Prospect of Biden winning could spur deal making rush ahead of tax hikes

Higher corporate tax rate could hit private equity pay. See full story.

MARKETWATCH PERSONAL FINANCE

There’s a reason insurance policies have all that fine print: You might not have the coverage you expect. See full story.

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