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MarketWatch 09/22/2020 13:43
Gold futures fell Tuesday to tally a second loss in a row, with strength in the U.S. dollar continuing to pressure dollar-denominated prices for the metal. December gold fell $3, or 0.2%, to settle at $1,907.60 an ounce following a loss of 2.6% on Monday. Prices marked the lowest settlement for a most-active contract since July 24, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 09/22/2020 13:10
The U.S. death toll from COVID-19 has topped 200,000, according to data aggregated by Johns Hopkins University, and makes up about one-fifth of the global total which is approaching one million. The new case tally has increased to 6,867,960 worldwide and to 6,867,960 in the U.S., the JHU data show, while the global death toll is at 966,152 and the U.S. death toll climbed to 200,182. The second-highest case tally in the world is India at 5,562,663 while the second-highest death count is 137,272 in Brazil. Within the U.S., the states where deaths per capita are showing the highest growth over the last 14 days include North Dakota, Missouri, Virginia, Rhode Island and South Dakota, according to New York Times data. The states with the highest
MarketWatch 09/22/2020 13:08
The number of deaths as a result of the coronavirus that causes COVID-19 rose closer to 1 million globally, and was on the verge of surpassing 200,000 in the United States, prompting new shutdown measures in the U.K., even as President Donald Trump repeated his unsubstantiated claim that young people are virtually immune.
MarketWatch 09/22/2020 12:53
Sanofi and GlaxoSmithKline PLC announced Tuesday that the companies have signed agreements with Canada to supply up to 72 million doses of their COVID-19 vaccine, starting in 2021. The companies had initiated a Phase 1/2 study on their vaccine candidate on Sept. 3, and expect first results in early December to support the initiation of a Phase 3 study before the end of the year. The companies said if the data is sufficient, they plan to request regulatory approval in the first half of 2021. "To address a global health crisis of this magnitude, it takes partnerships and we are grateful to Canada for its collaboration, and to [GlaxoSmithKline] for partnering with us to develop a safe and effective vaccine," said Thomas Triomphe, global head o.
MarketWatch 09/22/2020 12:10
Dish Network Corp. on Tuesday named Stephen Stokols chief executive of Boost Mobile, its business unit with more than 9 million subscribers and over $4 billion in 2019 revenue. Stokols, who most recently served as founder and CEO of FreedomPop, told MarketWatch he plans to ratchet up innovation, and increase availability of Boost Mobile across all channels. Dish shares are down 15.5% in 2020. The broader S&P 500 index has inched up 2% this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 09/22/2020 12:03
Exchange-traded funds with European stock exposure fell for a second day, putting them on track for their worst week since early June as coronavirus cases mounted and governments took steps to curtail economic activity to contain the spread. The iShares MSCI Eurozone ETF was down 0.7% at midday, while the iShares Core MSCI Europe ETF and the Vanguard FTSE Europe ETF both lost 0.6%. In the U.S., stock indexes were mixed: the broad-market S&P 500 was flat. European stocks haven't enjoyed the same recovery from the market turmoil of the spring that domestic stocks have. The ETFs noted above have lost 10-11% in the year to date. That has prompted some analysts to recommend them as a value strategy, but a resurgence of the coronavirus might scut.
MarketWatch 09/22/2020 11:59
Citi Research analyst Jim Suva upped his price target on Apple Inc. shares to $125.00 from $112.25 in a Tuesday note to clients as he increased his projections for the company's wearables business. He's upbeat about Apple's potential in wearables given "continued demand strength in consumer spending on technology gadgets, especially those that enable improved productivity (work from home) and improved ability to track one's health/fitness." Suva also expects that the company will be able to generate momentum with a new family-setup options that allows people to manage Apple Watch devices for their children or older relatives even if those family members don't have their own iPhones. "Apple continues to make inroads into health care devices
MarketWatch 09/22/2020 11:33
Lowe's Cos. said Tuesday that it will add self-serve pickup lockers to all U.S. stores, more than 1,700, by March 2021. The lockers will be one more contactless options for shoppers, who have sought out these sorts of benefits during COVID-19. A scannable barcode generated after a purchase is made will allow shoppers to gain access to their items. The lockers will be available in most major metro markets by Thanksgiving, the home improvement retailer said. Stores in Charlotte, Philadelphia, and the New York tri-state area already have lockers in place. "With more than 60 percent of online orders picked up in our stores, this gives our customers one more option and the added convenience and flexibility to control how and when they get that o.
MarketWatch 09/22/2020 11:09
Existing-home sales increased for the third consecutive month in August, as the U.S. housing market continued its rebound from the coronavirus pandemic. Total existing-home sales rose 2.4% from July to a seasonally-adjusted, annual rate of 6 million, the National Association of Realtors reported Tuesday. Meanwhile, tightening inventories nationwide pushed home prices to new heights. The median existing-home price was $310,600 in August, up 11.4% from a year ago.
MarketWatch 09/22/2020 10:08
Shares of Spirit AeroSystems Holdings Inc. rose 1.7% in morning trading Tuesday, after the aircraft components maker indicated that its acquisition of Asco Industries NV parent S.R.I.F N.V. may be terminated. The acquisition, which was announced in May 2018 for $650 million in cash, and was lowered to $420 million in October 2019, has a termination date of Oct. 1, 2020. "As of September 22, 2020, the conditions to the Asco Acquisition have not been satisfied and the Company does not expect to extend the Asco End Date," Spirit AeroSystems disclosed in an SEC filing. "One of the remaining conditions includes the European Commission's approval (the "EC Condition") to close the transaction in accordance with the commitments made by the parties.

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