marketwatch.com
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MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp. Notable contributors include Mark Hulbert and Francine McKenna.Source
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Facebook demands academics disable tool showing who is being targeted by political ads

Facebook demands academics disable tool showing who is being targeted by political ads

Academics, journalists and First Amendment lawyers are rallying behind New York University researchers in a showdown with Facebook over its demand that they halt the collection of data showing who is being micro-targeted by political ads on the world’s dominant social media platform.The researchers say the disputed tool is vital to understanding how Facebookhas been used as a conduit for disinformation and manipulation. In an Oct. 16 letter to the researchers, a Facebook executive demanded they disable a special plug-in for Chrome and Firefox browsers that they have distributed to thousands...

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19h ago
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Dr. Fauci and Biden advocate a mask mandate, as U.S. COVID-19 infections exceed 83,000, hitting new daily record

Dr. Fauci and Biden advocate a mask mandate, as U.S. COVID-19 infections exceed 83,000, hitting new daily record

Dr. Anthony Fauci wants all Americans to wear a mask and — contrary to previous statements he’s made on the issue — he now favors a mask mandate in order to make that happen. Fauci, a physician and immunologist, and director of the National Institute of Allergy and Infectious Diseases for the last three decades, told Erin Burnett on CNN’s OutFront Friday evening: “If people are not wearing masks, then maybe we should be mandating."“There’s going to be a difficulty enforcing it, but if everyone agrees that this is something that’s important, and they mandate it and everybody pulls together...

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Quentin Fottrell
1d ago
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President Trump asked a reporter for some advice on how to win tonight’s debate — and here’s what he got

President Trump asked a reporter for some advice on how to win tonight’s debate — and here’s what he got

‘Let Joe Biden talk. He’ll do the work for you.’That’s Jason Whitlock, a former Fox Sports and ESPN reporter, giving President Donald Trump some advice in an interview ahead of the final pre-election debate with Democratic rival Joe Biden later Thursday.Aside from that interaction, a jab at either the former vice president’s rhetorical or inspirational capacity even as he, Whitlock also touched on Trump’s appeal to the Black community. “I know I look incredibly young, but I actually have lived long enough to remember back when rappers loved … Donald Trump before he was president,” Whitlock...

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Shawn Langlois
3d ago
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There Are ‘a Dozen Startups Effectively in Tesla,’ and 4 More Things Elon Musk Said on the Earnings Call

There Are ‘a Dozen Startups Effectively in Tesla,’ and 4 More Things Elon Musk Said on the Earnings Call

Teslareported third-quarter earnings Wednesday evening. were. That’s the fifth consecutive quarterly “beat” for the electric vehicle pioneer. Management hosted a conference call shortly after the earnings release and CEO said several things which should be of interest to investors. Here are five noteworthy items from the call, along with a little context: 1. Self Driving Musk believes in and believes Tesla’s technology will be ready sooner than most industry pundits believe is possible. “Regarding the Full Self-Driving beta release,” commented Musk. He was talking about the early full...

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Al Root
4d ago
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‘Trump stocks’ have significantly lagged the U.S. market since 2016 — while ‘Clinton stocks’ have soared

‘Trump stocks’ have significantly lagged the U.S. market since 2016 — while ‘Clinton stocks’ have soared

Take with a grain of salt any forecast about which stocks will do well if Joe Biden wins the U.S. presidency. To be sure, these forecasts can make for interesting reading, but to paraphrase a quotation from Warren Buffett, their only value is to make fortune tellers look good. Consider what happened four years ago when analysts were trying to guess which stocks would do well during a Clinton administration and which under a Trump administration. They couldn’t have been more wrong.From two different websites at the time I collected 25 stocks that would supposedly thrive if Clinton were...

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Mark Hulbert
5d ago
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Coronavirus update: CDC says nearly 300,000 excess American deaths have occurred during pandemic

Coronavirus update: CDC says nearly 300,000 excess American deaths have occurred during pandemic

The U.S. death toll from the coronavirus illness COVID-19 rose above 221,000 on Wednesday, as the nation’s leading public health agency said almost 300,000 Americans have died during the pandemic, including fatalities that would not have happened without the virus. In the Centers for Disease Control and Prevention said the number is higher because it includes people who died from heart attacks or other medical emergencies that were untreated because people were afraid to go to a hospital.The study also uncovered that the biggest percentage rise in excess deaths were in those aged 25 to 44,...

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Ciara Linnane
4d ago
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Trump calls Dr. Fauci a ‘disaster’ — Fauci tells Americans: ‘Stay away from the politics’

Trump calls Dr. Fauci a ‘disaster’ — Fauci tells Americans: ‘Stay away from the politics’

President Donald Trump took aim at Dr. Anthony Fauci Monday on a campaign call and on Twitter, calling him a “disaster” in a campaign call and bemoaning his media appearances, but the veteran immunologist told Americans to follow the scientific data, and to stay out of the political fray. “Every time he goes on television there’s always a bomb, but there’s a bigger bomb if you fire him,” Trump said, according to the Associated Press. Trump added, “People are tired of hearing Fauci and all these idiots.” The president, 74, added, “He’s been here for 500 years.”“People are tired of hearing...

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Quentin Fottrell
5d ago
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John Fogerty demands the president stop using his music: Donald Trump IS the ‘fortunate son’

John Fogerty demands the president stop using his music: Donald Trump IS the ‘fortunate son’

‘I wrote this song because, as a veteran, I was disgusted that some people were allowed to be excluded from serving our country because they had access to political and financial privilege. I also wrote about wealthy people not paying their fair share of taxes. Mr. Trump is a prime example of both of these issues.’ That’s rock legend John Fogerty – singer, songwriter and guitar player for Creedence Clearwater Revival – tweeting about his cease-and-desist order against President Donald Trump, who regularly plays the band’s classic anti-war anthem “Fortunate Son” at his rallies.“The fact that...

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Shawn Langlois
7d ago
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New Zealand’s Ardern wins 2nd term in election landslide

New Zealand’s Ardern wins 2nd term in election landslide

New Zealand Prime Minister Jacinda Ardern won a second term in office Saturday in an election landslide of historic proportions. With most votes counted, Ardern’s liberal Labour Party was winning 49% of the vote compared to 27% for its main challenger, the conservative National Party.Labour was on target to win an outright majority of the seats in Parliament, something that hasn’t happened since New Zealand implemented a proportional voting system 24 years ago. Typically, parties must form alliances to govern, but this time Ardern and Labour can go it alone. In a victory speech in front of...

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Oct 17
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Tesla and Netflix put their big 2020 gains on the line in the coming week

Tesla and Netflix put their big 2020 gains on the line in the coming week

Two of 2020’s hottest companies will try to keep their momentum alive as earnings reporting season kicks into high gear this coming week.  Netflix Inc.has been one of the biggest beneficiaries of the COVID-19 crisis, as more people flocked to streaming services amid quarantine measures and a dearth of traditional new TV programming in the first half of the year. Now the question is whether that easy growth is in the past.After , Netflix warned investors to brace for a slowdown. Analysts expect only 3.8 million new paid subscribers for the third quarter when Netflix reports results Tuesday...

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Emily Bary
Oct 17
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Trump reverses course, approves California relief for 6 wildfires

Trump reverses course, approves California relief for 6 wildfires

President Donald Trump’s administration has reversed course and approved a previously rejected California application for disaster relief funds to clean up damage from six recent wildfires. Gov. Gavin Newsom said in a statement Friday that he had just got off the phone with Trump who just approved the major disaster declaration.The White House earlier said the Federal Emergency Management Agency rejected the request because it was not supported by data needed for approval. The dispute surfaced as a representative of one fire-stricken area warned that time was running out to clean up debris...

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Oct 16
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Biden will win, polls say. But the stock market is sending a different signal

Biden will win, polls say. But the stock market is sending a different signal

With three weeks to go, President Trump’s re-election bid is in trouble. At least that’s what the polls show. But it’s not what the stock market is signaling. Based on nearly a century’s worth of election-year data, Trump may yet win.“A rising stock market tends to be a ratification of the present policies being satisfying to the investing public.”Here’s the research, and it is compelling: Since 1928, whenever the S&P 500 Index of the largest U.S. stocks has risen in the three months prior to a presidential election, the party that controlled the White House won 90% of the time. “If you...

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Paul Brandus
Oct 13
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IEA’s best case scenario calls for energy demand recovery in 3 years

IEA’s best case scenario calls for energy demand recovery in 3 years

Global energy demand isn’tlikely to return to levels seen before the COVID-19 crisis for another threeyears, under the best case scenario presented by the International EnergyAgency’s World Energy Outlook report issued Tuesday. “The Covid-19 pandemic has caused more disruption to the energy sector than any other event in recent history, leaving impacts that will be felt for years to come,” the report said.  The IEA expects global energy demand to drop by 5% this year, with oil demand down by 8%. Energy investment also is forecast to fall by 18%. The report, however, emphasized the...

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Myra P. Saefong
Oct 13
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Amazon workers strike on busy Prime Day over conditions and pay in Germany

Amazon workers strike on busy Prime Day over conditions and pay in Germany

Thousands of workers at seven Amazon fulfillment centers in Germany are set to strike over working conditions and wages during one of the technology giant’s busiest weeks.  Verdi, the trade union organizing the strike, told MarketWatch that it estimates that around 15% of Amazon’s German logistics workers will walk out at seven sites on Prime Day, the busy two-day sale for members of Amazon’s paid subscription program. The union confirmed workers from seven centers were on strike on Tuesday.After the U.S., Germany is Amazon’slargest market, and it operates 15 fulfillment centers in the...

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Jack Denton
Oct 13
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Pelosi to CNN’s Wolf Blitzer: ‘You really don’t know what you’re talking about’

Pelosi to CNN’s Wolf Blitzer: ‘You really don’t know what you’re talking about’

House Speaker Nancy Pelosi sparred with CNN host Wolf Blitzer on Tuesday evening, calling him a “Republican apologist” during a heated exchange over the holdup of coronavirus stimulus.Pelosi, D-Calif., slammed Blitzer for having “no knowledge” on the details of relief proposals as he pressed her on why she wouldn’t accept a $1.8 trillion package offered by Treasury Secretary Steven Mnuchin — a package that is roughly $400 billion less than the relief legislation the House . “[Americans] really need the money right now…even members of your own caucus, madam speaker, want to accept this...

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By Vincent Barone
Oct 13
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‘The 25-cent solution’ would have prevented the COVID recession, says the most accurate forecaster

‘The 25-cent solution’ would have prevented the COVID recession, says the most accurate forecaster

The U.S. economy never would have entered a recession at all this year if we’d only adopted what he calls the “25-cent solution,” says Brian Bethune, a teacher of economics at Tufts University and Boston College who won the Forecaster of the Month contest for September.What’s the 25-cent solution? “Everyone wears a mask,” he says. “Everyone wears it wherever they go outside. If we had applied the 25-cent solution, we never would have had a recession.” “But we can’t seem to get there,” he says mournfully.China did it Look at China, he says. Once they recognized the magnitude of the...

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Rex Nutting
Oct 12
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JetBlue's debt downgraded deeper into junk territory by Fitch

JetBlue's debt downgraded deeper into junk territory by Fitch

Fitch Ratings on Thursday downgraded JetBlue Airways Corp.'sdebt one notch deeper into high-yield bonds, to BB- from BB. A "recovery in air traffic will be slower than previously anticipated," hampering JetBlue and other airlines' efforts to drum up business until COVID-19 cases decrease or until treatment or a vaccine against the virus become available. JetBlue's cash burn is likely to "remain material well into 2021," Fitch said. The ratings agency also worried about the airline's going deeper into debt, which helped it with liquidity but puts pressure on the airline's debt metrics in the...

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Claudia Assis
Oct 8
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Here are the Senate races to watch, as Democrats battle to take control from Republicans

Here are the Senate races to watch, as Democrats battle to take control from Republicans

If Democrats take control of the U.S. Senate, that could lead to laws that shake up key sectors such as tech, health care, finance and energy — especially if the Nov. 3 election brings a “blue wave” that puts Joe Biden in the White House. So which Senate races are worth tracking, as 35 seats in that 100-member chamber are up for grabs in 2020?The nonpartisan Cook Political Report has rated 10 seats as solidly Republican and 10 as solidly Democratic as of Friday, meaning the independent newsletter’s analysts view 15 races as competitive, with ratings that range from “Toss up” to “Lean D” or...

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Victor Reklaitis
Oct 10
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Sacha Baron Cohen calls Facebook Trump’s ‘willing accomplice’ in spreading conspiracy theories

Sacha Baron Cohen calls Facebook Trump’s ‘willing accomplice’ in spreading conspiracy theories

Borat isn’t finished with Facebook yet. British comedian and satirist Sacha Baron Cohen — who has a history of pushing buttons with the movie “Borat” and TV series “Who Is America?” — calls the social network President Donald Trump’s “willing accomplice” as “the greatest propaganda machine in history” .In his column “We Must Save Democracy From Conspiracies”, Cohen refers to studies that show people are especially susceptible to misinformation and conspiracy theories during periods of great uncertainty — such as the coronavirus pandemic, the resulting economic crisis, and the racial...

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Nicole Lyn Pesce
Oct 8
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Trump’s vaccine czar says the first vaccine should be submitted for emergency authorization around Thanksgiving

Trump’s vaccine czar says the first vaccine should be submitted for emergency authorization around Thanksgiving

This interview is part of a series of conversations MarketWatch is conducting with some of the leading voices in the U.S. on COVID-19 pandemic. Moncef Slaoui, an immunologist by training and a longtime pharmaceutical executive, is running the Trump administration’s Operation Warp Speed program to spur development of vaccines on the fastest ever timetable.While none of the four vaccine candidates to enter Phase 3 trials have publicly reported data from the mid-stage studies, Slaoui is hopeful that drug makers will file for emergency authorization with the Food and Drug Administration by late...

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Jaimy Lee
Oct 8
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Kissinger says U.S., China must cease escalating threats, or ‘we will slide into a situation similar to World War I’

Kissinger says U.S., China must cease escalating threats, or ‘we will slide into a situation similar to World War I’

National newsHenry Kissinger is no stranger to a hostile China. As President Nixon’s national security adviser, Kissinger helped engineer the first official visit by an American delegation to the People’s Republic of China, which ultimately paved the way for Nixon to visit Beijing and the U.S. to resume a cooperative relationship with the country after a long period of diplomatic isolation.On Wednesday afternoon, the famed diplomat warned that rising tensions between the U.S. and China could ultimately lead to a disastrous, kinetic war, in a virtual discussion with Federal Reserve Bank of...

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Chris Matthews
Oct 7
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Why the U.S. economy could approach ‘stall speed’ after stimulus talks collapse

Why the U.S. economy could approach ‘stall speed’ after stimulus talks collapse

Another tweet sent the markets into upheaval. This time it was the announcement from President Donald Trump that his side will end negotiations on fiscal stimulus. Granted, it wasn’t clear that idea ever had much support in the Republican-controlled U.S. Senate in the first place. The Dow Jones Industrial Averageended 375 points lower on Tuesday, and the Nasdaq Compositedropped to 7% below its record close.Gregory Daco, chief U.S. economist at Oxford Economics, said the move could be a watershed moment for the world’s largest economy. Yes, consumer spending held up after the expiration of...

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Steve Goldstein
Oct 7
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FBI’s Chris Wray joins homeland-security and other federal-agency officials in 9-minute video reassuring voters on election integrity

FBI’s Chris Wray joins homeland-security and other federal-agency officials in 9-minute video reassuring voters on election integrity

WASHINGTON (AP) — Four weeks ahead of Election Day, senior national-security officials provided fresh assurances about the integrity of the elections in a video message Tuesday, putting them at odds with President Donald Trump’s efforts to discredit the vote. “I’m here to tell you that my confidence in the security of your vote has never been higher,” Chris Krebs, the director of the Department of Homeland Security’s Cybersecurity and Infrastructure Agency, said in the video message. “That’s because of an all-of-nation, unprecedented election security effort over the last several...

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Oct 7
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Apple Stock Forecast: AI Algorithm Shows Accuracy Up To 78% On Predicting AAPL Price Movements

Apple Stock Forecast: AI Algorithm Shows Accuracy Up To 78% On Predicting AAPL Price Movements

The MarketWatch News Department was not involved in the creation of this content.Oct 04, 2020 (TS Newswire via Comtex) --The evaluation report published by I Know First on September 29th, 2020 announced that their algorithm achieved a hit ratio up to 100% resulting from their 1-year long forecasts. According to the data collected, during the period between June 1st, 2019 till September 13th, 2020 the company's AI algorithm was able to produce predictions with accuracy no less than 62% for time horizons ranging from 3-days to 1-year. This period of COVID-19 was characterized by strong...

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Oct 4
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Trump administration moves to shrink H1-B visa program for highly skilled workers

Trump administration moves to shrink H1-B visa program for highly skilled workers

WASHINGTON (AP) — The Trump administration announced plans Tuesday to sharply limit visas for skilled workers from overseas, a move officials said was a priority amid job losses caused by the coronavirus pandemic. Department of Homeland Security and Department of Labor officials said new rules for what’s known as the H1-B program will restrict who can obtain a work visa and will impose additional salary requirements on companies seeking to hire foreign workers.The H-1B program was created under President George H.W. Bush to help companies fill specialized jobs as the tech sector began to...

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Oct 7
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