Stocks turn positive, Dow touches intraday high on reopening optimism


MARKETWATCH FRONT PAGE

Stocks reversed earlier losses to trade higher Wednesday as bond yields continued to climb, as investors monitored a second day of testimony from Federal Reserve Chairman Jerome Powell, whose remarks Tuesday were credited with helping major benchmarks reverse big intraday losses. See full story.

J&J’s one-shot COVID-19 vaccine nears authorization as FDA has no ‘specific safety concerns’

The Food and Drug Administration said that Johnson & Johnson’s single-dose COVID-19 vaccine candidate has no unexpected safety concerns, in a step that moves the experimental vaccine one step closer to emergency authorization. See full story.

Don’t expect an economic boom, because there’s little pent-up consumer demand

Consumers have already gorged themselves on durable goods, and will have reduced appetite for face-to-face services. See full story.

Robinhood’s Tenev faced off with Dave Portnoy over GameStop saga

It’s hard to find two people who better epitomize the retail trading boom than Vlad Tenev, the co-CEO of the popular online broker Robinhood, and Dave Portnoy, the brash founder of Barstool Sports who took up investing as the COVID-19 pandemic shut down the sports world. See full story.

Airbnb’s first earnings since IPO could be a bellwether for the travel industry in 2021

Airbnb Inc.’s business was decimated by the coronavirus pandemic, but quickly rebounded to the point that it had one of the biggest initial public offerings of 2020. Now, it’s time to find out what is expected for 2021. See full story.

MARKETWATCH PERSONAL FINANCE

Booking travel right now can be risky, and bad cancellation policies are easy to come by in the cruise industry. Here are the ones we don’t hate. See full story.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *