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Opinion: 'Martin, You Can Never, Ever Trust the Communists'

  • Opinion: 'Martin, You Can Never, Ever Trust the Communists' Opinion: 'Martin, You Can Never, Ever Trust the Communists' 4:21
12:05 p.m. April 15, 2021 - By Mark Decambre
Dow ends at 34,000 for first time; S&P 500 notches record as jobless claims hit pandemic low, retail sales surgeThe S&P 500 and Dow clinched fresh records Thursday, after economic reports continued to affirm a healthy recovery from the pandemic, highlighted by retail sales surging in March on the back of fiscal stimulus checks to consumers and jobless benefit claims falling to a fresh low for the COVID period. The Dow Jones Industrial Average closed up more than 300 points at a fresh milestone at 34,000, on a preliminary basis, the S&P 500 index notched a 1.1% advance to log its all-time closing high at around 4,170 and the Nasdaq Composite Index finished 1.3% higher at about 14,039, marking its first finish above 14,000 since February and its third-highest close in its history. U.S. retail sales surged almost 10% in March thanks to $1,400 stimulus checks paid to consumers by the federal government. Sales climbed 9.8% last month, the government said Thursday. Economists polled by Dow Jones and The Wall Street Journal had forecast a 6.1% increase.Adding to the market's optimism, weekly jobless benefit claims fell to a pandemic-era low. U.S. unemployment claims sank by 193,000 in the week of April 10, an unusually large decline that likely reflects both an improving economy but also continuing problems in processing applications for jobless benefits.
6:35 a.m. March 27, 2021 - By Catey Hill
I’m looking for safe, friendly cities to retire abroad on $2,500 or less a month. Where should I retire? Eight options — from cities in Thailand, Portugal, Italy and more — to consider. Eight options — from cities in Thailand, Portugal, Italy and more — to consider.
8:11 a.m. Feb. 11, 2021 - By Mark DeCambre
Pot stocks ETF tumbles 20% and faces its worst daily drop in its history as Cannabis trade flames outOne of the most popular ways to gain exposure to the cannabis industry was facing the worst single-day decline since it was created back in 2015, according to Dow Jones Market Data. The ETFMG Alternative Harvest ETF on Thursday was down more than 20% and on track to snap a three-day win streak as it heads to its worst day since inception, Dec. 3 of 2015. Stunningly, the ETF was still nursing an 11% gain for the week and an 81% gain in the year to date, highlighting the nearly unfettered appetite for pot stocks that has gripped the market in recent days. The decline for the popular ETF comes as Cannabis shares were tumbling sharply across the board Thursday, with many of the sector's best performers a day earlier surrendering all those gains. Tilray Inc. , a recent market darling, was last down 42%, while Aphria Inc. , with which it is merging, was down over 30%. Pot stocks have been reignited on bullish bets for positive political developments and a better legal landscape under President Joe Biden. Meanwhile, the broader market was seeing tepid gains, with the Dow Jones Industrial Average was off 0.2%, the S&P 500 index trading flat and the Nasdaq Composite Index gaining a modest 0.3% on the session.
10:23 a.m. Dec. 30, 2020 - By Ciara Linnane
U.S. sets record for COVID-19 hospitalizations, as country’s first case of new U.K. variant is found in Colorado Health experts continue to lament slow rollout of vaccines in U.S. after much-ballyhooed authorizations were granted in early December The U.S. set a fresh record for hospitalizations of patients with COVID-19 on Wednesday and the first case of the highly infectious U.K variant of the coronavirus was found in Colorado, as health experts continued to lament the delayed rollout of vaccines that is hampering the economic recovery.
10:26 a.m. Dec. 9, 2020 - By Ciara Linnane
U.S. coronavirus case tally climbs to 15 million from 14 million in just five days U.S. sets fresh record for COVID-19 hospitalizations; Angela Merkel pleads with Germans to limit gatherings during holidaysThe global case tally for the coronavirus illness COVID-19 climbed above 68 million on Wednesday and the U.S. tally rose above 15 million as the virus continued to race across the nation, filling hospitals with record numbers of patients
1:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
6:15 a.m. Nov. 25, 2020 - By Mark DeCambre
Stocks trading near session lows ahead of Thanksgiving as Nasdaq Composite and Dow retreat from recordsU.S. stock benchmarks on Wednesday were pulling back and trading near their lows of the day as investors found few reasons to buy stocks after a record run-up for the equity market broadly a day ago. Lackluster economic reports also appeared to undercut the buying mood on Wall Street. The Dow Jones Industrial Average was down 177 points, or 0.6%, at 28,870, following the first close for the blue-chip index above 30,000 in its history. The S&P 500 index was down 0.4% at 3,621, while the Nasdaq Composite Index was trading flat to slightly lower after opening above its most recent closing record. U.S. markets will be closed on Thursday for Thanksgiving and will see an early close on Black Friday.
12:50 p.m. Nov. 16, 2020 - By Ciara Linnane
Coronavirus update: U.S. averaging 150,000 COVID-19 cases a day as expert warns of pending ‘humanitarian catastrophe’ Experts are worried that President Trump’s refusal to concede election could cause more cases, hospitalizations and deathsThe global case tally for the coronavirus illness COVID-19 climbed above 54.5 million on Monday, while the U.S. tally topped 11 million after adding 1 million new cases in six days, with 50 states and territories recording rising numbers and the virus showing no sign of slowing.
12:24 p.m. Nov. 13, 2020 - By Ciara Linnane
Coronavirus update: U.S. again shatters daily case record as experts worry holidays will be superspreader event ‘Unless people celebrate safely, we will see a huge increase about two weeks after Thanksgiving and then again two weeks after Christmas,’ says epidemiologist Dr. Tista GhoshThe U.S. shattered records for daily cases of the coronavirus illness COVID-19 and hospitalizations on Friday, as states and cities announced new restrictions while others warned that full lockdowns may be needed to contain the spread.
11:09 a.m. Nov. 7, 2020 - By Jonathan Burton
U.S. faces a potential ‘secession crisis’ at home and ‘open conflict’ with China in the coming decade, says author who predicted 2020 unrest 2020s will bring ‘creative destruction’ that pits boomers against millennials and challenges what it means to be an AmericanThe 2020s will bring ‘creative destruction’ that pits boomers against millennials and challenges what it means to be an American, says a scholar of demographic trends.
12:11 p.m. Nov. 4, 2020 - By Mark DeCambre
S&P 500, Nasdaq book best postelection rally in history as Biden-Trump presidential contest remains undecidedThe S&P 500 and the Nasdaq on Wednesday produced the best postelection gain on record, as investors focus on the possibility that the race for the White House between President Donald Trump and former Vice President Joe Biden might yield a split government. Biden was seen edging Trump for the presidency after Tuesday's Election Day results, which were still being tallied but the expectations for a Democratic sweep appeared dashed, making it more likely that Republicans and Democrats would lock horns over the next four years--viewed as the type of political gridlock that is felicitous for financial markets. Crucial battleground states like Georgia, Michigan and Pennsylvania continued to be counted, with Biden holding a 248 electoral college lead, compared against Trump's 214. A total of 270 votes are required to determine a winner for the White House. Technology-related stocks led the way on Wednesday on the belief that a Biden victory and a split Congress would make the Democratic challenger's hope of raising taxes and enacting stricter regulation on tech companies less likely. The Nasdaq Composite Index gained 430 points, or 3.9%, to reach 11,591, the S&P 500 index climbed 74.45 points, or 2.2%, to 3,443, with both indexes registering their best returns in the trading day after an election on record, according to Dow Jones Market Data. Meanwhile, the Dow Jones Industrial Average finished up 1.3% higher at 27,848, but finished the session well off its best levels at 28,302, which would have resulted in the best day for the benchmark since 1900. In corporate news, shares of Biogen surged after the U.S. Food and Drug Administration offered a positive assessment of the company's experimental Alzheimer's disease drug. Meanwhile, health-care shares [s; XLV] gained 4.5% on the day, leading the S&P 500's 11 sectors, perhaps, on the belief that a Biden presidency would maintain Obamacare. The focus on politics comes also as the Federal Reserve commenced its two-day policy meeting which will conclude on Thursday and could signal that the central bank will reiterate its support for financial markets amid the economic uncertainty wrought by the pandemic.
10:37 a.m. Nov. 1, 2020 - By Quentin Fottrell
I make $140K a year. I’m trying desperately to help my half siblings: 2 are refugees in Turkey, 3 are in Syria. But how? ‘Obviously, I’m not making crazy money, but my family is secure. I feel incredibly protective and heartbroken of their missed dreams and destroyed lives’‘Obviously, I’m not making crazy money, but my family is secure. I feel incredibly protective and heartbroken of their missed dreams and destroyed lives.’
2:17 a.m. Oct. 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally tops 8.7 million and marks seven-day record, with more than 20 states seeing most new cases since start of the outbreak Dr. Birx says North Dakotans’ failure to wear face masks is ‘deeply unfortunate’ as the Dakotas suffer worst case numbers measured per capitaThe U.S. case tally for the coronavirus illness COVID-19 climbed above 8.7 million on Tuesday, with more than 20 states counting record numbers of new infections, as more business curfews were announced to combat the spread.
11:18 a.m. Oct. 19, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 40 million; White House task force reported to be hive of infighting over new adviser White House Task Force beset by internal strife over adviser who is spreading misinformation, says Washington PostThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
11:05 a.m. Oct. 8, 2020 - By Ciara Linnane
Coronavirus update: New England Journal of Medicine says Trump should be voted out over pandemic management as U.S. death toll tops 212,000 ‘When it comes to the response to the largest public health crisis of our time, our current political leaders have demonstrated that they are dangerously incompetent,’ say editors of prestigious medical journalThe U.S. death toll from the coronavirus illness COVID-19 moved above 212,000 on Thursday, as the editors of the prestigious New England Journal of Medicine sharply criticized the Trump administration’s handling of the pandemic.
11:24 a.m. Oct. 1, 2020 - Associated Press
State Department’s Pompeo clashes with Vatican over China Pompeo had called on the Vatican to take a harder line amid negotiations with Beijing over the appointments of new bishopsPompeo had called on the Vatican to take a harder line amid negotiations with Beijing over the appointments of new bishops.
8:41 p.m. Sept. 22, 2020 - Associated Press
Olympic sponsors in need of persuading that Tokyo Games will actually happen A study last week from the University of Oxford showed Tokyo to be the most expensive Summer Olympics dating from 1960. And the meter is still running.A study last week from the University of Oxford showed Tokyo to be the most expensive Summer Olympics dating from 1960. And the meter is still running.
9:48 a.m. Sept. 18, 2020 - By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
12:05 p.m. Sept. 9, 2020 - By Mark DeCambre
Dow posts 440-point gain and Nasdaq notches 2.7% rise to recover a chunk of losses from Tuesday's tech routU.S. stocks finished sharply higher Wednesday, snapping a three-day selloff that a day earlier drove the Nasdaq Composite into a correction at the fastest pace in history following its record high last week. The Dow Jones Industrial Average closed up 440 points, or 1.6%, at 27,940, boosted by gains in Microsoft Corp. , Apple and salesforce.com . The S&P 500 index rose 2% to 3,399, powered by gains in technology , up 3.4%, and materials , rising 2.6%; and the tech-heavy Nasdaq Composite Index rose 2.7% to 11,142, after falling into a correction with Tuesday's 4.1% selloff. A correction is commonly defined as a drop of at least 10% from a recent peak. In corporate news, AstraZeneca PLC [s:UK: AZN] was halted in what the drugmaker described as a "routine action," paused late-stage trials of its vaccine candidate for COVID-19 following an unexplained illness in one of the trial volunteer. U.S. listed shares of AstraZeneca finished down nearly 2%. Shares of Slack Technologies finished the day down around 14% after the communication company said it broke even in its latest quarter, perhaps, disappointing investors hoping for better results.
2:36 a.m. Sept. 3, 2020 - By Ciara Linnane
Coronavirus update: Global case tally nears 26 million, and experts are alarmed that U.S. isn’t joining WHO vaccine effort ‘This go-it-alone approach leaves America at risk of not getting a vaccine,’ says one expertThe number of confirmed cases of the coronavirus that causes COVID-19 worldwide edged closer to 26 million on Wednesday, as experts sounded the alarm on the Trump administration’s decision not to work with an international effort to develop and distribute a COVID-19 vaccine that is backed by the World Health Organization.
9:37 p.m. Sept. 1, 2020 - By Barbara Kollmeyer
Here’s what could trigger more stock market pullbacks this year, says Schwab trading pro Critical information for the U.S. trading dayOn the heels of a huge month for stocks in August, our call of the day says investors need to get ready for at least two pullbacks this year, with history as a guide.
11:39 p.m. Aug. 31, 2020 - By Barbara Kollmeyer
An ‘extreme’ August on the stock market might be telling us something about the November election Critical information for the U.S. trading dayIt has been a pretty bullish August for the stock market. That tends to work well in an incumbent U.S. President’s favor, but our call of the day says a twist could lie ahead.
12:49 p.m. Aug. 31, 2020 - By Joy Wiltermuth
Dow, S&P 500 end lower, but book best August in 36 years. Nasdaq clinches another record Amazon wins FAA approval for drone deliveryU.S. stocks closed mostly lower on Monday, except for the record-setting Nasdaq Composite, as Wall Street closed out a historically strong August.
12:26 p.m. Aug. 30, 2020 - Associated Press
‘Tenet’ off to ‘fantastic start’ with hodgepodge theatrical release Strong international box-office numbers ahead of U.S. releaseThe first wave of big new movies released since the beginning of the pandemic, including Christopher Nolan’s mind-bending thriller “Tenet” and the long-delayed “X-Men” spinoff “The New Mutants,” arrived in theaters over the weekend, testing the waters of a radically different theatrical landscape.
6:38 p.m. Aug. 26, 2020 - Associated Press
New Zealand mosque shooter sentenced to life without parole Australian white supremacist gets maximum sentence for murders of 51 worshippersThe white supremacist who slaughtered 51 worshippers at two New Zealand mosques was sentenced Thursday to life in prison without the possibility of parole.
5:13 p.m. Aug. 19, 2020 - Associated Press
Qantas doesn’t expect global travel to resume until mid-2021 Australian airline reports 90% decline in fiscal-year profitQantas Airways said Thursday the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won’t resume before mid-2021.
12:54 p.m. Aug. 18, 2020 - By Joy Wiltermuth
S&P 500, Nasdaq score record closes, reclaim their perch at all-time highs Dow closes lower, but 6% off record highMajor U.S. stock indexes finished Tuesday mostly in record territory, despite ongoing wrangling in Congress over a further coronavirus aid and concerns about how the economy will fare when an unprecedented raft of fiscal stimulus eventually burns off.
12:06 p.m. Aug. 18, 2020 - By Mark DeCambre
S&P 500 logs first record close in 6 months and marks fastest recovery in history amid coronavirus: 'record breaking and heartbreaking' U.S.stocks finished mostly higher Tuesday, with the S&P 500 index notching its first record close since Feb. 19 and marking the quickest recovery from bear-market territory in its history, according to Dow Jones Market Data. The S&P 500 finished up a modest 8 points, or 0.2%, at 3,390 (on a preliminary basis, rounded). It has taken the broad-market benchmark 126 trading sessions to finish at a new record after falling by at least 20%, which defines a bear market. Gains on Tuesday were driven by a surge in consumer-discretionary shares, up 1.5%, and communication services, rising 1.1%. The record for the S&P 500 came as the Nasdaq Composite Index notched its own record close and its 34th for 2020. The Nasdaq closed up 0.7% at 11,210. Meanwhile, the Dow Jones Industrial Average finished the session off 0.2% at 27,777. All closing levels are on a preliminary basis. The records for the S&P 500 and the Nasdaq come, however, even as millions of Americans are out of work due to the coronavirus pandemic. "Many continue to wonder why stocks are at new highs with 10% unemployment and nearly a million people filing for initial unemployment claims. The truth is economic data is backward looking and stocks are looking ahead to a much brighter future," wrote Ryan Detrick, chief investment strategist at LPL Financial. "From a 34% bear market to new highs, 2020 is record breaking and heartbreaking all at the same time," he wrote.
9:06 a.m. Aug. 18, 2020 - By Barbara Kollmeyer
Why investors should sell stocks now to get ready for the big rally that’s coming Critical information for the U.S. trading dayAs stocks continue to march towards highs, our call of the day says it’s time to sell, and raise cash for a shopping spree later this year.
9:22 a.m. Aug. 17, 2020 - By Quentin Fottrell
Dr. Fauci: ‘We’ve been through a Depression, we’ve been through a World War. We pulled together through 9/11’ The infectious-disease expert also said that aiming for 100% herd immunity, instead of maintaining safety procedures and waiting for a vaccine in early 2021, would have dire consequencesThe infectious-disease expert said that aiming for 100% herd immunity, instead of maintaining safety procedures and waiting for a vaccine in early 2021, would have dire consequences.
6:28 a.m. Aug. 15, 2020 - By Shawn Langlois
Stocks could be melting up like they did in the Roaring ’20s, strategist says — we all know what happened nextMark Twain once said, “History doesn’t repeat itself, but it often rhymes.” Ed Yardeni of Yardeni Research applied those words to what, for most observers, has to feel like a unique climate for playing the market these days.
11:00 a.m. Aug. 13, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 20.7 million and U.S. suffers biggest one-day death toll since May The U.S. is ‘an anomaly among the higher-income countries of the world in that we never did lock down sufficiently; we only slowed down to get the virus activity by May to a so-so level,’ says Dr. Michael OsterholmThe number of confirmed cases of the coronavirus illness COVID-19 world-wide rose above 20.7 million on Thursday and the U.S. suffered its biggest death toll since May with almost 1,500 fatalities counted in a single day.
9:04 a.m. Aug. 12, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 20.3 million, U.S. tally tops 5.15 million as Florida and Georgia see record one-day deaths British economy hit the hardest of any by COVID-19 as GDP shrinks by the most on recordThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 20.3 million on Wednesday and the U.S. case tally topped 5.15 million, as Florida and Georgia reported record one-day death tolls.
4:16 a.m. Aug. 11, 2020 - By Tomi Kilgore
Nio's stock soars toward record territory after narrower-than-expected loss, upbeat deliveries outlookShares of Nio Inc. shot up 8.8% into record territory in premarket trading Tuesday, after the China-based electric car maker reported a second-quarter loss that was about half what was expected as revenue more than doubled, and provided an upbeat deliveries outlook for the current quarter. The net loss narrowed to RMB1.21 billion ($173.9 million), or RMB1.15 a share, from a loss of RMB3.31 billion, or RMB3.23, in the year-ago period. Excluding non-recurring items, the loss per share was RMB1.08, compared with the FactSet consensus for a per-share loss of RMB2.15. Gross margin swung to positive 9.7% from negative 24.1% a year ago. Total revenue rose 146.5% to RMB3.72 billion ($535.4 million), to beat the FactSet consensus of RMB3.51 billion. Deliveries reached a quarterly record of 10,331 vehicles, and the company expects a further increase to 11,000 to 11,500 vehicles in the third quarter. "Beyond the strong order growth, we are proud to reach a milestone quarter with respect to the key financial metrics of the company, highlighted with the historically high vehicle gross margin of 9.7%, lowest-ever operating losses and more importantly, a positive cash flow from operations for the first time in our history," said Founder and Chief Executive William Bin Li. The stock, which is on track to open above the July 10 record close of $14.98, has more than tripled (up 253.5%) year to date through Monday, while shares of U.S. rival Tesla Inc. have run up 239.1% and the S&P 500 has gained 4.0%.
9:14 a.m. Aug. 7, 2020 - By Ciara Linnane
Coronavirus update: Global case tally climbs above 19 million; U.S. death toll moves above 160,000 after 11 straight days with 1,000-plus fatalities Uber sees more revenue from food delivery than ride-hailing for the first timeThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 19 million on Friday, the death toll rose above 715,000 and the U.S. death toll topped 160,000, after an 11th straight day in which more than 1,000 deaths were counted.
7:16 p.m. Aug. 4, 2020 - Associated Press
Beirut explosion: Cache of ammonium nitrate blamed for blast killing dozens, injuring thousands Neighborhood around downtown port devastatedA massive explosion rocked Beirut on Tuesday, flattening much of the city’s port, damaging buildings across the capital and sending a giant mushroom cloud into the sky. More than 70 people were killed and 3,000 injured, with bodies buried in the rubble, officials said.
11:37 a.m. Aug. 4, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally at 4.74 million as New Jersey, Massachusetts and Connecticut see infections climb again Cinemark’s revenue falls 99% as theaters remain closed, and Mallinckrodt says it is looking at possible bankruptcyThe U.S. case tally for the coronavirus illness COVID-19 rose by fewer than 50,000 on Monday for a second straight day, data aggregated by Johns Hopkins University showed, although cases were rising in some states that had seemed to get the spread under control earlier this year.
10:32 a.m. Aug. 3, 2020 - By Jurica Dujmovic
The potential abuses of a coronavirus ‘health passport’ are downright frightening Western countries should resist tracking apps, even in the name of health and safetyWestern countries should resist tracking apps, even in the name of health and safety, argues Jurica Dujmovic.
12:57 p.m. Aug. 1, 2020 - Associated Press
Biden eyes major foreign policy shifts if he wins Americans could expect Biden to re-engage with traditional allies. Should former Vice President Joe Biden win the White House in November, America will likely be in for a foreign policy about-face as Biden reverses, dismantles or severely curtails many of President Donald Trump’s most significant and boldest actions.
3:15 a.m. July 31, 2020 - Associated Press
Hong Kong postpones elections by a year, citing coronavirusHong Kong leader Carrie Lam announced Friday that the government will postpone highly anticipated legislative elections by one year, citing a worsening coronavirus outbreak in the semi-autonomous Chinese city.
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