Category Archives: News & Updates

Boeing’s Q1 commercial-plane deliveries up 54%

Boeing Co. said Tuesday it delivered 77 commercial airplanes in the first quarter, which is 54% more than the number delivered in the first quarter of 2020. Most of those delivered in the first quarter, or 63 jets, were of the narrow-bodied 737. The aerospace and defense company last week flagged a new problem with 737 Max jets, notifying some airline customers of a potential issue with a component of the electrical power system. 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.

MicroStrategy’s stock surges, as bitcoin rallies toward a record

Shares of MicroStrategy Inc. shot up 7.8% in morning trading Tuesday, putting it on track for a fourth straight gain, boosted by the 5.1% jump in bitcoin toward a record close. The stock has jumped 18.0% amid the four-day win streak. The enterprise software company has been seen by investors as a bitcoin play, as the company said it uses the cryptocurrency as its primary treasury reserve asset, and has spent $2.23 billion to accumulate 91,579 bitcoins through April 5, at a average purchase price of $24,311 per bitcoin. On Monday, MicroStrategy disclosed that non-employee members of its board of directors will be paid their fees in bitcoin instead of cash. MicroStrategy’s stock has soared 534.3% over the past 12 months, while bitcoin has run up 817.5% and the S&P 500 has gained 49.6%. The correlation coefficient between MicroStrategy’s stock and bitcoin is 0.94 over the past year, but that has dropped to just 0.32 since the end of February, according to a MarketWatch analysis of FactSet data. Since reaching a 21-year closing high of $1,272.94 on Feb. 9, MicroStrategy’s stock has tumbled 39.2% while bitcoin has hiked up 35.2%.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.

GameStop stock turns lower, falls 0.7% after being up as much as 3.0% at the intraday high

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

United Airlines unveils plan to fund more sustainable jet fuel made from trash

Black man killed by police in Minnesota was ‘amazing, loving kid’: media

Boeing delivers 29 aircraft in March; orders positive for second straight month

: ‘Optimism has huge risks’: Why new investors, excited by GameStop’s rollercoaster ride, should rethink their rose-colored glasses

A new survey looks at the differing attitudes of new and experienced investors.

‘Fortnite’ maker Epic Games gets 28.7 billion valuation in latest funding

Deployment of EU electric vehicle charging stations too slow, auditors say

Coronavirus Update: U.S. COVID vaccine program faces setback with J&J jab, as experts say there is no cause for alarm

The U.S. COVID-19 vaccine program was facing a setback Tuesday, when the nation’s two leading health agencies recommended a pause in the use of the Johnson & Johnson vaccine to allow their scientists investigate six cases of blood clotting in individuals who had been vaccinated.

Outside the Box: The madness of stock picking

The sheer amount of information in the market is similar to ridiculous math of guessing 64 winners in a basketball tournament

Metals Stocks: Gold prices rise after higher-than-expected reading on U.S. inflation

Gold futures turn higher on Tuesday after data showed U.S. consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level in 2½ years. Bullion is often viewed as a hedge against inflation.

: U.S. recommends pausing use of J&J’s COVID-19 vaccine after reports of rare blood clots

U.S. regulators have suggested temporarily halted use of Johnson & Johnson’s COVID-19 vaccine while they examine six cases of rare blood clots that have been reported in people who have received the shot.

Bond Report: U.S. Treasury yields slip despite surge in inflation to 2½-year high

U.S. Treasury yields slip Tuesday after bond investors shrugged off an increase in consumer prices in March that sent yearly inflation measures to the highest level in two and a half years.

S&P 500, Nasdaq up as tech stocks rise after J&J vaccine pause

S&P 500, Nasdaq up as tech stocks rise after J&J vaccine pause

Russia calls U.S. ‘adversary’, rejects NATO call to end Ukraine build-up

Singapore’s Grab to go public in world’s biggest $40 billion SPAC merger

Cognizant Technology started at equal weight at Morgan Stanley

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Air Canada shares sink after government aid takes discounted equity stake

Wall Street Opens Mixed as J&J Shock Dents Reopening Trades – Dow Down 150 Pts

CRA: 4 Tax Breaks that Could Save You Lots of Money

Moderna, BioNTech stocks surge after regulators halt use of J&J vaccine

Shares of Moderna Inc. shot up 8.6% in morning trading, BioNTech SE ran up 5.7% toward a 4-month high and Pfizer Inc. climbed 1.1% toward a 3-month high, after U.S. health regulators paused the use of Johnson & Johnson’s COVID-19 vaccine “out of an abundance of caution” as a result of rare blood clotting cases. Meanwhile, J&J shares shed $2.98, or 1.8%, to shave about 20 points of the Dow Jones Industrial Average’s price, as the Dow dropped 132 points, or 0.4%. Moderna’s two-dose COVID-19 vaccine, and the two-dose vaccine from Pfizer and partner BioNTech are mRNA vaccines while J&J’s one-dose vaccine is an adenovirus vaccine. The Centers for Disease Control and Prevention and the Food and Drug Administration said there have been six cases of blood clotting out of the roughly six million people who have received the J&J vaccine, all of who were women between the ages of 18 and 48.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.

Cardano Climbs 10.29% In Bullish Trade

American Airlines cash flow turns positive in March

AdaptHealth stock plunges after CEO charged with tax fraud in Denmark

Shares of AdaptHealth Corp. plunged 16.7% in morning trading Tuesday, after the maker of home health care equipment said it has learned that co-Chief Executive Luke McGee has been formally charged in Denmark for tax fraud for past private activity. The stock was on track to suffer the biggest one-day drop since the record plunge of 21.2% on March 18, 2020. The company said it has placed McGee, who founded the AdaptHealth in conjunction with Quadrant Management, on unpaid leave. The company said the charges stem from alleged “personal conduct” which occurred between March 2014 and August 2015, and had no connection with the company. In February, following the closing of the acquisition of AeroCare, Stephen Griggs had joined McGee as co-CEO. “The Board has full confidence in the Company’s management team, led by current Co-CEO Steve Griggs and President Josh Parnes, and in its ability to ensure that AdaptHealth’s business remains strong and to maintain the Company’s growth trajectory,” AdaptHealth said in a statement. The stock has still rallied 74.2% over the past 12 months, while the S&P 500 has gained 49.6%.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.

Gap signs credit card agreement with Barclays and Mastercard after split with Synchrony

Gap Inc. said Tuesday that it has signed long-term credit card agreements with Barclays PLC [s:bcs], which will exclusively issue Gap Inc. cards, and Mastercard Inc. , which will issue co-branded cards across the namesake, Banana Republic, Old Navy and Athleta brands. Barclays will begin issuing cards in May 2022. The credit card program is a key component of Gap’s growth strategy and new rewards programs, the apparel retailer said. Synchrony Financial announced earlier on Tuesday that it will not renew its partnership with Gap. Shares of Gap fell 2.6% in early Tuesday trading, but have rallied 58% for the year to date. The S&P 500 index is up 9.9% for 2021 so far.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.

CRA: Did You Set Aside Enough Money for Your 2020 CERB Taxes?

Iran says it begins 60% uranium enrichment following nuclear site incident

TSX gains as oil prices rise after strong China imports data

Deep Dive: These stocks let you tap into the hot housing market

Many home builders’ valuations are still low, while their implied upside potential is in the double digits.

The Moneyist: My fiancée’s mother asked us to raise her 2 kids as we live in a good school district and she has a gambling addiction — then she claimed their stimulus checks

‘Will this situation hurt my fiancée and I in any way? I fear that the IRS may find out sooner or later about the error, and will seek the money from us.’

Pause for J&J shots ‘will not have a significant impact on our vaccination plan’: White House

The White House on Tuesday said it didn’t expect a big hit to the nationwide vaccination program after U.S. regulators paused use of Johnson & Johnson’s COVID-19 vaccine while they examine six cases of rare blood clots. “This announcement will not have a significant impact on our vaccination plan,” said Jeff Zients, the White House’s COVID-19 response coordinator, in a statement.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.