Marketwatch

American Hotel & Lodging Association, in a letter, requested U.S. lawmakers to raise the borrowing threshold for hotels in the Paycheck Protection Program. Hyatt Hotels Corp. (NYSE: H), Marriott International Inc. (NASDAQ: MAR) and InterContinental Hotels Group PLC (NYSE: IHG) are a few members...

Robert Redfield, director of the Centers for Disease Control and Prevention, said that a second wave of the COVID-19 pandemic could combine with the annual seasonal flu in the U.S. in winter and could be more threatening. What Happened The coronavirus outbreak, together with the annual seasonal flu...

According to Alan Lancz, the stock market is at a point of inflection, having recouped some of the losses caused by the coronavirus sell-off in March. Keep An Eye On The Next 45 Days In his newsletter published Wednesday, Lancz commented, “The next 45 days may just become the most critical...

Tara Reade, a former aide to Joseph Biden, had accused the presumptive Democratic presidential nominee of sexual assault in 1993 when he was a Senator. What Happened Ms. Reade, who worked as a staff assistant for a brief stint in 1993, alleged in an interview with the Associated Press that the...

Walmart Inc. (NYSE: WMT) is being sued for its failure to protect workers by the estate of an employee who died of complications caused by COVID-19. What Happened The estate of a worker named Wando Evans is suing Walmart for failing to protect workers with safety equipment such as...

Dan Niles, founder and portfolio manager of the Satori fund, says the market may drop another 30% before it can find a bottom.  Damage From COVID-19 Hidden Satori, a US-focused, technology biased, large-cap fund closed in the green even when the Dow Jones Industrial Average had its worst-ever...

The train engineer crashed the locomotive through barricades and fences and came to a halt 250 yards away from the U.S. Navy Hospital Ship Mercy on Tuesday. What Happened Eduardo Moreno, the 44-year old engineer at the controls of the speeding locomotive which crashed near the USNS Mercy, had...

Meal kit delivery company Blue Apron Holdings Inc (NYSE: APRN) is increasing its capacity for future orders as demand surges, MarketWatch reported Friday.  Blue Apron Sees 'Increased Demand' In Pandemic  Blue Apron CEO Linda Findley Kozlowski told MarketWatch in a statement...

Expressing her disagreement with Boeing's (NYSE: BA) government bailout, Nikki Haley resigned from the company's board of directors. What Happened Former governor of South Carolina and former ambassador to the United Nations left Boeing's board of directors after the company sought a $...

Microsoft Corporation's (NASDAQ: MSFT) workplace communications platform Teams added 12 million daily active users between March 11 and March 18, the company said, as reported by MarketWatch. This is a stark increase in daily active users as it took about four months for Microsoft to add the...

If elected, he plans to take a salary of $1, just as he did as the mayor of New York, Michael Bloomberg tells MarketWatch in an interview. On Giving Away “When I was mayor, I took a salary of just a dollar a year. I still have all 12 one-dollar checks — 93 cents, after...

Ralph Acampora, who is considered a pioneer in price chart-based trading, thinks that coronavirus concerns are a catalyst for a market that is overpriced and is in for an impending downturn. What Happened “The market itself was stretched, which is true, so we were begging for some kind...

The famous horror author Stephen King announced his decision to delete his Facebook account. King is an active social media user with 5.6 million followers on Twitter. What Happened Tweeting about his decision, King said, “I'm quitting Facebook. Not comfortable with the flood of...

This year was a watershed one for biopharma M&A, with several multibillion-dollar deals announced thus far. M&A activity in 2019 kickstarted with a big deal. Bristol-Myers Squibb Co (NYSE: BMY) agreed to buy Celgene for $74 billion in cash and stock, and the deal was consummated in late...

The U.S. stock market has reacted positively to the 0.25% rate cut announced Wednesday by the Federal Reserve. What Happened The Federal Reserve cut the interest rate for the third time this year. The U.S. economy also showed less of a slowdown, at 1.9% growth in the third...