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Trump Signs Executive Orders to Provide Additional Coronavirus Relief

  • Trump Signs Executive Orders to Provide Additional Coronavirus Relief Trump Signs Executive Orders to Provide Additional Coronavirus Relief 1:49
    How bad is it if I don't have health insurance? How bad is it if I don't have health insurance? 1:53
    Unemployed Americans Line Up as $600 Jobless Benefit Expires Unemployed Americans Line Up as $600 Jobless Benefit Expires 5:32
    Gold Hits New High as Investors Look to Hedge Against Uncertainty Gold Hits New High as Investors Look to Hedge Against Uncertainty 1:39
3:29 a.m. Today - By Steve Goldstein
What one currency expert says bears on the dollar are overlookingThe market is positioned for the dollar to keep declining. Here’s what one expert says traders are missing.
3:25 a.m. Today - By Mark DeCambre
Companies are weighing stock splits, after Tesla and Apple announcements, expert says After Tesla and Apple Inc.--behemoths of Wall Street by dint of their popularity among investors and their outsize valuations, announced plans to split their shares within weeks of each another--there has been a growing buzz that more companies with triple and quadruple-digit share prices will follow in their footsteps.
3:09 a.m. Today - By Andrew Keshner
‘It’s a huge decision’: Judge hands a win to businesses demanding insurance coverage for lost income due to coronavirus At least 1,000 lawsuits related to insurance coverage have been filed during the outbreak, according to one countAt least 1,000 lawsuits related to insurance coverage have been filed during the outbreak, according to one count.
2:08 a.m. Today - By Tomi Kilgore
Duck Creek's IPO prices above expectations, to value company at nearly $3.5 billionDuck Creek Technologies Inc.'s initial public offering priced late Thursday above the expected range, as the Boston-based provider of software-as-a-service (SaaS) for the property and casualty insurance industry raised $405 million. The company sold 15 million shares at $27 a share, above the , which was raised from a previously expected range of $19 to $21. With 128.3 million shares outstanding, the IPO pricing values the company at $3.46 billion. If the underwriters exercise all the options to buy additional shares, the company could raise $465.8 million and be valued at $3.53 billion. Goldman Sachs, J.P. Morgan and BofA Securities are the lead book-running managers. Duck Creek is going public at a good time for the IPO market, as the Renaissance IPO ETF has rallied 31.0% over the past three months, while the S&P 500 has gained 18.3%.
1:02 a.m. Today - By Brittany Anas
6 reasons to give up the big city life Many Americans have already moved because of COVID. If the concrete jungle is wearing you down, here’s some places to go insteadIt’s not just COVID. Why you might want to leave big city life behind, and where to live instead.
1:02 p.m. Aug. 13, 2020 - Barrons.com
How the 2020 Election Could Affect Health-Care Stocks Here’s how a Biden and a Trump administration are likely to differ on drug pricing, health insurance, and Covid-19 plans
12:38 p.m. Aug. 13, 2020 - By Nicole Lyn Pesce
CDC director warns America is in for the ‘worst fall…we’ve ever had’ The coronavirus isn’t the only public health crisis looming this autumn The coronavirus isn’t the only public health crisis looming this autumn
12:38 p.m. Aug. 13, 2020 - By Jeffry Bartash
Did the expired $600 federal jobless benefit keep people from going back to work? Sudden drop in claims adds fuel to debate ‘When you pay people more to sit at home ... they sit at home’Did generous unemployment benefits discourage many workers from returning to their jobs? A big drop in people seeking benefits in the past two weeks after the end of a $600 federal stipend hints the answer might be yes.
12:32 p.m. Aug. 13, 2020 - By Lina Saigol
Recession-proof your portfolio with these 4 stocks, says analystThe U.K. economy has officially crashed into recession following the economic shutdown in response to the coronavirus pandemic.
12:25 p.m. Aug. 13, 2020 - By MarketWatch Automation
12:14 p.m. Aug. 13, 2020 - Barrons.com
Roper Technologies Is Buying an Insurtech for More Than $5 Billion Vertafore provides cloud-based software for the property and casualty insurance market.
10:28 a.m. Aug. 13, 2020 - By Levi Sumagaysay
Lyft's 'very weak' quarter, pandemic uncertainty and possible California shutdown weigh on stockOutlook for demand is unknown because of the coronavirus pandemic, and Lyft could pause ride-hailing services in California as soon as next week pending an appeal.
8:02 a.m. Aug. 13, 2020 - Barrons.com
Jobs News Is a Welcome Surprise. The Market Isn’t Celebrating. Initial claims for jobless benefits came in lower than expected at 963,000 for the latest week, in a sign that layoffs are starting to ease.
6:24 a.m. Aug. 13, 2020 - MarketWatch.com
A letter from Chennai as India tops 2 million COVID-19 cases: 'In the midst of so much death, despair and depression, life does go on''Whether or not a vaccine is around the corner, alternative medicines have sprouted like mushrooms after rain, claiming to build immunity against COVID-19,' writes Sadagopa Iyengar, an author and retired banker.
3:51 a.m. Aug. 13, 2020 - By Jacob Passy
Kamala Harris on student-loan forgiveness, Medicare, universal basic income, credit scores — and a tax on trading stocks Former Vice President Joe Biden announced that Harris would be his running mate for the 2020 presidential electionFormer Vice President Joe Biden announced that Harris would be his running mate for the 2020 presidential election.
3:06 a.m. Aug. 13, 2020 - By Tomi Kilgore
Roper Technologies to buy Vertafore for $5.35 billion in cashRoper Technologies Inc. announced Thursday a deal to buy Vertafore in a cash deal valued at $5.35 billion. Roper expects to fund the acquisition, which is expected to close in the third quarter, with cash on hand, new debt and by drawing on its revolving credit facility. Vertafore provides software-as-a-service for the property and casualty insurance industry. Roper expects Vertafore to contribute $590 million of revenue in 2021. "Vertafore is a fantastic business characterized by clear leadership in its niche market, a strong management team, high customer retention, and a long track record of consistent revenue and cash flow growth," said Roper Chief Executive Neil Hunn. Roper's stock, which was still inactive in premarket trading, has rallied 26.1% year to date, while the S&P 500 has gained 4.6%.
10:40 p.m. Aug. 12, 2020 - MarketWatch
Aegon cuts dividend as profit drops 67%Aegon NV on Thursday cut its dividend by more than half as it reported a 67% fall in net profit for the first half of the year and withdrew its guidance. The Dutch insurance and asset-management company said it will pay a dividend of 6 European cents (7 cents) for the half year, compared with 15 cents for the comparable period last year.
10:38 p.m. Aug. 12, 2020 - MarketWatch
Swiss Life profit falls Swiss Life Holding AG said Thursday that net profit for the first half of the year declined. The Swiss financial-services company said net profit for the six months was 533 million Swiss francs ($584.4 million), down from CHF615 million a year earlier. The decline was partly due to a positive one-off tax effect that contributed to the results in the year-earlier period, it said.
12:25 p.m. Aug. 12, 2020 - By MarketWatch Automation
12:24 p.m. Aug. 12, 2020 - Barrons.com
S&P 500 Closes Just Below a New High Investors are shrugging off a lack of progress toward a U.S. economic stimulus bill, a plunge in U.K. gross domestic product and an unexpected surge in inflation.
11:52 a.m. Aug. 12, 2020 - Barrons.com
Duck Creek Raised the Price Range for Its IPO. Trading Starts Friday. The insurance-technology company could raise as much as $375 million when it goes public on Friday.
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.
8:18 a.m. Aug. 12, 2020 - MarketWatch.com
FTSE 100 surges and the pound holds firm despite U.K. economy's worst ever fallThe U.K.'s blue-chip index rose 2% on Wednesday and the pound was largely unmoved, despite GDP plunging 20.4% in the second quarter.
7:56 a.m. Aug. 12, 2020 - MarketWatch.com
European stocks close higher as investors shrug off U.K. economy's record collapseU.K. GDP plunged 20.4% in the second quarter, but there were signs of recovery in June as the economy bounced back 8.7% in the month.
6:29 a.m. Aug. 12, 2020 - By Jeffry Bartash
Consumer prices jump again in July, rebounding from pandemic lows, but inflation remains low Consumer price index rises 0.6% for the second month in a row The cost of many goods and services such as gas, autos, clothing and airfare rose in July and rebounded from pandemic lows, but inflation is still barely visible in the wake of a coronavirus-induced recession that sapped demand throughout the economy. The consumer price index rose 0.6% for the second month in a row.
6:01 a.m. Aug. 12, 2020 - By Jaime Eckels
Are you competitive, smart and wealthy? You’re likely to make a lot of financial mistakes High-achievers may take unnecessary investing riskHigh-achievers may take unnecessary investing risk
5:00 a.m. Aug. 12, 2020 - By Tomi Kilgore
Duck Creek's expected pricing of IPO increases, raising potential valuation to up to $3.2 billionDuck Creek Technologies Inc. disclosed Wednesday that the expected range for the pricing of its initial public offering increased to between $23 and $25 from $19 and $21. With the Boston-based provider of software-as-a-service (SaaS) for the property and casualty insurance industry offering 15 million shares in the IPO, the amount the company could raise has increased to up to $375 million from $315 million, and its expected market value has increased to $3.21 billion from $2.69 billion. Goldman Sachs, J.P. Morgan and BofA Securities are among the lead underwriters. For the nine months ended May 31, 2020, the company recorded a net loss of $8.5 million on total revenue of $153.35 million, after a loss of $14.1 million on revenue of $123.35 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 28.3% over the past three months while the S&P 500 has gained 16.2%.
4:05 a.m. Aug. 12, 2020 - By Levi Sumagaysay
Uber and Lyft must make drivers employees because California law has 'overwhelming' edge, judge saysA California judge ruled Monday that Uber Technologies Inc. and Lyft Inc. must classify their drivers as employees due to a new state law, a decision that threatens the business models of the ride-hailing giants and other gig-economy companies.
2:30 a.m. Aug. 12, 2020 - Barrons.com
The Virus Could Be Distorting the Job Market’s Normal-Looking Data New data on job openings, hiring, and quitting shows how the labor market has been behaving very differently compared with previous downturns. Workers afraid of getting sick may be affecting the data.
1:30 a.m. Aug. 12, 2020 - Barrons.com
What Could Disqualify Me From Collecting Unemployment Benefits? In general, if your employer hasn't reopened, you are still able to collect unemployment benefits.
10:32 p.m. Aug. 11, 2020 - MarketWatch
Admiral to pay special dividend as profit climbsAdmiral Group PLC on Wednesday declared a deferred special dividend from 2019, as it reported a market-beating 31% rise in first-half pretax profit. The U.K.-listed car insurance company--which houses its namesake Admiral brand and price comparison site Confused.com--said it will pay the special dividend of 20.7 pence a share which was declared at the time of its 2019 earnings but suspended due to the coronavirus pandemic.
2:29 p.m. Aug. 11, 2020 - By Wallace Witkowski
Lemonade stock declines following first public quarterly resultsLemonade Inc. shares declined in the extended session Tuesday as the mobile-based insurance company reported its first quarterly results a little over a month after its initial public offering. Lemonade shares declined 4.3% after hours, following a 6.9% drop in the regular session to close at $62.75. The company reported a second-quarter loss of $21 million, or $1.77 a share, compared with a loss of $23.1 million, or $2.09 a share, in the year-ago period. Revenue rose to $29.9 million from $13.8 million in the year-ago quarter. "At the start of the quarter we significantly slowed our marketing spend, suspended nonessential hiring, and offered to defer customers' payments," the company said in a statement. "Then, we braced for impact. We expected to see a spike in churn, a drop in demand, and a hit to our cash flow. None materialized." Lemonade expects revenue of $14 million to $15 million for the third quarter, and $86 million to $88 million for the year. Lemonade shares soared following the company's initial public offering in early July.
1:04 p.m. Aug. 11, 2020 - By Ellis Henican
Is it safe yet to work and go back to school in New York? Targeting the testing where it’s needed most: Can companies and schools identify those more likely to be infected?You can’t test everyone all the time. Is there way to identify those most likely to be infected to focus testing on them?
12:25 p.m. Aug. 11, 2020 - By MarketWatch Automation
9:48 a.m. Aug. 11, 2020 - Barrons.com
Uber and Lyft Could Go Dark in California Over Court Ruling, Analyst Says California judge orders ride-hailing companies to stop classifying drivers as contractors. Here are potential ramifications.
9:21 a.m. Aug. 11, 2020 - By Levi Sumagaysay
Airbnb to file for IPO this month: reportAirbnb plans to file IPO paperwork later this month and could begin trading by the end of the year, , citing people described as familiar with the matter. The short-term home rental service, which had been hard hit by the coronavirus pandemic and the abrupt halt of travel, has seen a rebound in rental bookings as people take getaways closer to home, if at all. If the 12-year-old company does go public, it would enter a welcoming IPO market that has seen big offerings from the likes of insurance startup Lemonade Inc. and music label Warner Music Group Inc. amid the COVID-19 pandemic. The Journal -- which stressed that Airbnb's timeline for a public offering could change -- noted that the San Francisco-based company was recently valued at $18 billion, down from as high as $31 billion some three years ago. Morgan Stanley will lead the offering, and Goldman Sachs will also be involved, the Journal said.
8:35 a.m. Aug. 11, 2020 - By Elisabeth Buchwald
Here’s how much a reduction in extra unemployment benefits could slash consumer spending Such research may help inform the debate between Republican and Democratic lawmakers who continue to clash over federal unemployment benefits Such research may help inform the debate between Republican and Democratic lawmakers who continue to clash over federal unemployment benefits.
6:29 a.m. Aug. 11, 2020 - By Greg Robb
Republican senator calls Trump’s stimulus executive order ‘unconstitutional slop’ As top Democrats Pelosi and Schumer urge congressional Republicans to return to the negotiating table, Trump engages in an intraparty war of words with Nebraska’s Ben SassePresident Donald Trump’s executive order and memorandum to stimulate the economy “is unconstitutional slop,” said Se. Benn Sasse of Nebraska.
4:56 p.m. Aug. 10, 2020 - MarketWatch
Singapore's economy sank more than expected in Q2Singapore's economy contracted faster in the second quarter than previously estimated amid continued fallout from Covid-19, revised data showed Tuesday. The economy shrank 13.2% in the quarter from a year earlier, compared with the prior estimate for a 12.6% contraction, due to domestic measures to slow the virus combined with weak external demand, the Ministry of Trade and Industry said.
3:02 p.m. Aug. 10, 2020 - By Quentin Fottrell
Why are some people with coronavirus asymptomatic — are they as contagious as those who display symptoms? Asymptomatic transmission ‘is the Achilles’ heel of COVID-19 pandemic control,’ one study saysAsymptomatic transmission ‘is the Achilles’ heel of COVID-19 pandemic control,’ one study says.
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