• May 18, 2021
    12:09 AM

    Here’s everything coming to Hulu in June 2021, and what’s leaving

    New seasons of ‘Love, Victor’ and ‘Dave’ are coming, along with the thriller ‘False Positive’

  • May 17, 2021
    11:04 PM

    Here’s what’s coming to Disney+ in June 2021: ‘Loki,’ ‘Luca’ and more

    Get ready for Marvel shenanigans, a new Pixar film and ‘Raya and the Last Dragon’ free for all subscribers

  • May 17, 2021
    7:15 PM

    Amazon reportedly in talks to buy MGM, the movie studio behind James Bond

    Amazon.com Inc. is in discussions to buy MGM Holdings Inc, the studio behind the James Bond franchise, according to a report Monday by The Information.

  • May 17, 2021
    5:54 PM

    Biden earned $607,336 last year, tax returns show

    President Joe Biden and his wife, Jill Biden, had an adjusted gross income of $607,336 in 2020, and an effective tax rate of 25.9%, according to returns released by the White House on Monday.

  • May 17, 2021
    5:42 PM

    EV startup Canoo narrows quarterly loss, says it is ‘on track’ for production in 2022

    Shares of Canoo Inc. weaved between gains and losses in the extended session Monday after the electric-vehicle startup reported a narrower-than-expected quarterly loss. Canoo said it lost $15.2 million, or 7 cents a share, in the first quarter, compared with a loss of $30.9 million, or 37 cents a share, in the first quarter of 2020. FactSet consensus, drawn from three analyst estimates, called for a GAAP loss of 21 cents a share for the quarter. Canoo said it ended the quarter with $641.9 million in cash and equivalents. “We are on track to start production in 2022 and ramp to 15,000 units in 2023,” Chief Executive Tony Aquila said in a statement. Canoo’s planned-for vehicles include a delivery van and a pickup truck. The stock ended the regular trading day up 3.5%. Canoo went public in December after a reverse merger with a blank-check company.

  • May 17, 2021
    5:12 PM

    EBay taps JetBlue Airways executive to be its new CFO

    EBay Inc. said late Monday it has named Steve Priest its new chief financial officer, starting on June 21. Priest is currently JetBlue Airways Corp.’s as the airline’s CFO, and also spent nearly 20 years at British Airways. EBay said interim CFO Andy Cring will continue in his role until Priest joins next month, and assist with the transition. Shares of eBay rose 0.2% in the extended session, while shares of JetBlue fell 0.1%. JetBlue said that its head of treasury and investor relations Ursula Hurley will be acting CFO once Priest departs in mid-June.

  • May 17, 2021
    4:41 PM

    Here’s when American families will finally get their Child Tax Credit money and home-builder confidence remains strong, but buyers should expect rising prices

    By Andrew Keshner Happy Monday MarketWatchers. Don’t miss these top stories. ‘I am 65 and get a monthly pension of $800 and receive $1,800 Social Security every month. I have no savings, and own two properties.’ Read More The IRS has received 126.7 million returns through early May, around 1% fewer than the same point [...]

  • May 17, 2021
    4:39 PM

    Fisker stock falls after quarterly loss widens

    Fisker Inc. stock falls late Monday after the electric-car startup reports a larger quarterly loss and forecast a rise in expenses.

  • May 17, 2021
    4:34 PM

    Twilio to acquire ZipWhip for $850 million

    Twilio Inc. TWLO said late Monday it plans to acquire business-texting platform ZipWhip for about $850 million in cash and stock. The company said ZipWhip will become a part of its Messaging Business Unit. The company expects the deal to close by the end of 2021. Twilio reiterated its second-quarter revenue guidance of $591 million to $601 million, noting that it would not be affected by the deal, while analysts surveyed by FactSet expect $597.1 million. Twilio shares were flat after hours, following a 0.7% decline to close at $297.20, for a 12-month gain of 57%, compared with the Nasdaq Composite Index’s COMP 48% gain.

  • May 17, 2021
    4:34 PM

    Afternoons are the new rush hour in the suburbs

    The pandemic continues to scramble driving patterns throughout the U.S.

  • May 17, 2021
    4:20 PM

    It’s a ‘race to the bottom’ as states end unemployment benefits too soon, critics say

    More than a dozen states are taking steps to curtail jobless benefits, a move that some analysts say risks deepening poverty and inequality, and puts those states in a worse position for future downturns.

  • May 17, 2021
    4:11 PM

    U.S. stock market ends lower Monday but off low as tech and communication-services stocks slump

    U.S. stocks ended slightly lower Monday, weighed by declines technology and tech-related shares, as concerns about inflation continued to buffet Wall Street, following the worst week for stocks since Feb. 26. The Dow Jones Industrial Average finished about 0.2% lower at 34,328, off the low for the day at 34,176.65, with shares of Walt Disney Co. and Home Depot leading the blue-chip benchmark’s slide. The SP 500 index closed off 0.3% at roughly 4,163, led lower by technology and communicatiion-services shares, while the Nasdaq Composite Index retreated 0.4% to 13,379, off a low of 13,265. The slump for stocks came as gold futures jumped, settling above their 200-day moving average and marking the highest finish for the most-active contract since early February. Federal Reserve Vice Chairman Richard Clarida, the Fed’s No.2, said the U.S. economy had yet to reach the “substantial further progress” that would be needed to peel back accommodative policies, even as investors fear that inflation is set to run hotter than the central bank is predicting. In corporate news, ATT shares fell 2.7% after it agreed to combine media assets with Discovery Inc. and spin them off into a new, publicly traded company. Shares of Disovery fell more than 5%.

  • May 17, 2021
    4:01 PM

    SP 500 finishes 0.3% lower; Nasdaq Composite slips 0.4%

  • May 17, 2021
    4:01 PM

    Dow industrials end around 54 points lower, down 0.2%

  • May 17, 2021
    4:00 PM

    Stocks end slightly lower as inflation fears keep pressure on tech shares

  • May 17, 2021
    3:52 PM

    Crypto platform Coinbase’s 5% skid on verge of yanking stock below $250 reference price

    Coinbase Global on Monday is threatening a close below its $250 reference price for the first time since the crypto platform listed on the Nasdaq Inc. exchange in mid-April.

  • May 17, 2021
    2:36 PM

    U.S. oil futures end at highest in more than 2 years

    Oil futures climbed Monday, with optimism that an economic recovery in the U.S. and Europe will lead to higher energy demand sending U.S. prices to their highest settlement in more than two years. Prices got a boost on “hopes that large parts of Europe will soon be able to follow the U.K. on easing restrictions further, thus driving up demand over the next few weeks,” said Michael Hewson, chief market analyst at CMC Markets UK. June West Texas Intermediate crude rose 90 cents, or 1.4%, to settle at $66.27 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since April 23, 2019, when prices settled at $66.30, FactSet data show.

  • May 17, 2021
    2:35 PM

    ‘Inflation’ an earnings concern for the most companies in at least 11 years

    The word “inflation” is being thrown around in post-earnings conference calls by the most companies in at least 11 years, enough to set a new record, led by the consumer staples and materials sectors, according to research provided by FactSet.

  • May 17, 2021
    2:33 PM

    WTI oil futures log highest finish in over 2 years

  • May 17, 2021
    2:33 PM

    June WTI oil gains 90 cents, or 1.4%, to settle at $66.27/bbl

  • May 17, 2021
    2:23 PM

    Are you late filing your 2020 income taxes? 3 easy steps to get them off your back

    The IRS has received 126.7 million returns through early May, around 1% fewer than the same point last year.

  • May 17, 2021
    2:23 PM

    Elon Musk impersonators cost consumers more than $2 million in cryptocurrency scams, FTC says

    Consumers have lost more than $2 million since October to scammers impersonating Tesla Inc. Chief Executive Elon Musk saying he would multiply cryptocurrency sent to his wallet and send it back, according to the Federal Trade Commission.

  • May 17, 2021
    2:17 PM

    Infectious Diseases Society of America: ‘CDC recommendations should not send the message that the pandemic is over’

    ‘Less than half of the U.S. population is fully immunized. Increased vaccinations will be necessary to control and finally end the pandemic.’

  • May 17, 2021
    2:16 PM

    Biden sees U.S. as ‘arsenal of vaccines’ as he plans to send 20 million more doses overseas

    President Joe Biden on Monday borrows from Franklin D. Roosevelt’s rhetoric as commander-in-chief during World War II, as his administration announces its plans to ship 20 million more COVID-19 vaccine doses to other countries.

  • May 17, 2021
    2:04 PM

    Airbnb stock drops more than 6% as post-IPO lockup ends

    Airbnb Inc.’s stock fell sharply Monday as the company’s post-IPO lockup expired, meaning insiders can now sell shares.

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