We are undergoing site maintenance

We apologize for the inconvenience. The full MarketWatch site will return shortly.

May. 14, 2021 at 6:39 p.m. ET

A bitcoin battle of the billionaires ensues as Jack Dorsey faces off with Musk on ‘green’ merits of world’s No. 1 crypto

Two of the world’s most prominent billionaires Tesla Inc.’s CEO Elon Musk and Jack Dorsey are facing off over the merits of bitcoin, with the future of the world’s No. 1 crypto likely hanging in the balance.

May. 14, 2021 at 6:11 p.m. ET

Walmart drops mask requirement for vaccinated workers and customers

American companies began to rethink their requirements for face masks after federal health regulators relaxed their guidelines this week, and on Friday Walmart Inc. made the first big move to bend to the new view.

May. 14, 2021 at 5:46 p.m. ET

Cisco earnings could be a sign that businesses are ready to spend again

Cisco Systems Inc. stands to benefit from a thawing in enterprise spending as more businesses resume projects that got postponed because of the COVID-19 pandemic, and that will likely put more focus on the company’s outlook.

May. 14, 2021 at 5:36 p.m. ET

Conor McGregor tops the list of highest-paid sports stars of 2020

Forbes releases its list of highest-paid athletes of 2020 and athletes including Conor McGregor and LeBron James had huge earnings outside of their sport.

May. 14, 2021 at 5:26 p.m. ET

Medical-device maker Femasys files for IPO

Medical-device maker Femasys Inc. has filed for an initial public offering. The Georgia-based company, which focuses on women’s health care, filed to sell $40.25 million worth of shares. The company plans to list its shares on the Nasdaq under the symbol FEMY, according to a filing with U.S. securities regulators on Friday. Femasys said its sales rose 12% to $1.04 million in 2020, and its net loss narrowed to $6.9 million in 2020 from an $11.3 million net loss in 2019. One of its devices, FemVue, used in artificial inseminations, has marketing clearances or authorization in the U.S., Europe, Canada, and Japan, but currently its sale is “a very limited direct effort,” the company said.

May. 14, 2021 at 5:01 p.m. ET

Do breakthrough COVID-19 infections seen in the Yankees and Bill Maher mean vaccinated people should still wear masks?

The number of breakthrough cases in people vaccinated against COVID-19 is low, but here’s what you should know.

May. 14, 2021 at 4:53 p.m. ET

Vimeo to begin trading in late May as IAC shareholders OK spinoff

IAC/Interactive Corp. IAC said late Friday that Vimeo will begin trading as a public company in late May, following a vote from shareholders to approve a spinoff of the video hosting and streaming site. IAC expects Vimeo to start trading on the Nasdaq under the ticker “VMEO” on May 25. The spinoff is still subject to final approval from IAC’s board, the company said. IAC said that Vimeo will trade on the Nasdaq “on a ‘when issued’ basis” under the ticker “VMEOV” from May 18 to May 24. Earlier in the month, Vimeo was credited with driving accelerated revenue growth in IAC’s quarterly results. Plans for the spinoff were first announced in late December.

May. 14, 2021 at 4:52 p.m. ET

Neera Tanden, who withdrew as budget nominee, becomes senior adviser to Biden

Neera Tanden, who withdrew in March as President Joe Biden’s nominee to head the Office of Management and Budget, has become a senior adviser to the president, according to reports and the think tank she heads. Tanden’s portfolio will include planning for potential policy changes that could result from the forthcoming Supreme Court decision on Republican legal efforts to strike down the Affordable Care Act, CNN reported. Before withdrawing as OMB nominee, Tanden had come under fire for using Twitter to criticize former President Donald Trump and Republican lawmakers, and was also critical of the liberal Vermont independent Sen. Bernie Sanders. Tanden now heads the Center for American Progress, whose director John Podesta said in a statement that Tanden would bring “intellect, tenacity, and political savvy” to her new role. The White House did not immediately return a request for comment.

May. 14, 2021 at 4:34 p.m. ET

ViacomCBS says disputes with former CEO Moonves resolved, arbitration dismissed

ViacomCBS Inc. said in a filing late Friday that the disputes with former Chairman and Chief Executive Leslie Moonves have been resolved, with both parties dismissing the arbitration started by Moonves in January 2019. Assets of a grantor trust relating to the matter will revert to the ViacomCBS “in their entirety,” the media company said in a U.S. Securities and Exchange Commission filing. Shares of ViacomCBS rose 0.2% in the extended session Friday after ending the regular trading day up 1%. The media executive resigned in 2018 following allegations he sexually assaulted or harassed multiple women. Moonves has denied the allegations.

May. 14, 2021 at 4:07 p.m. ET

Meme stocks take eerily similar journeys leaving retail traders to wonder why and who

Despite differing outcomes, shares of GameStop and AMC Entertainment were moving in almost perfect sync on Friday as the two most popular meme stocks experienced very similar choppy trading one day after both experienced major surges.

Dow books weekly fall of 1.1% and marks worst weekly decline since week ended Feb. 26
May. 14, 2021 at 4:06 p.m. ET

Dow books weekly fall of 1.1% and marks worst weekly decline since week ended Feb. 26

SP 500 notches weekly decline of 1.4%, worst since Feb. 26 and marks first weekly drop in three
May. 14, 2021 at 4:06 p.m. ET

SP 500 notches weekly decline of 1.4%, worst since Feb. 26 and marks first weekly drop in three

Nasdaq logs 2.3% weekly slide and books fourth straight weekly decline
May. 14, 2021 at 4:06 p.m. ET

Nasdaq logs 2.3% weekly slide and books fourth straight weekly decline

May. 14, 2021 at 4:04 p.m. ET

Dow ends 360 points higher as stocks trim weekly decline

Stocks ended with strong gains Friday, building on the previous session’s bounce as major benchmarks trimmed weekly losses. The Dow Jones Industrial Average rose around 361 points, or 1.1%, to end near 34,382, according to preliminary figures. The SP 500 finished around 61 points higher, up 1.5%, near 4,174, while the Nasdaq Composite rallied around 305 points, or 2.3%, to close near 13,430. Friday’s gains were broad based, with tech-related shares rising alongside stocks tied more closely to the economic reopening. Equities slumped earlier in the week and tumbled hard on Wednesday after data showed a hotter-than-expected rise in the April consumer price index. The bounce left the Dow with a weekly loss of 1.1%, while the SP 500 stumbled 1.4% and the Nasdaq declined 2.3%.

Nasdaq Composite rises 2.3% to mark best daily percentage gain since March 11
May. 14, 2021 at 4:02 p.m. ET

Nasdaq Composite rises 2.3% to mark best daily percentage gain since March 11

Dow ends up 1.1%; SP 500 closes Friday session with a 1.5% gain
May. 14, 2021 at 4:02 p.m. ET

Dow ends up 1.1%; SP 500 closes Friday session with a 1.5% gain

U.S. stocks close out Friday with sharp gains but book weekly losses amid inflation jitters
May. 14, 2021 at 4:01 p.m. ET

U.S. stocks close out Friday with sharp gains but book weekly losses amid inflation jitters

May. 14, 2021 at 4:01 p.m. ET

Bitcoin extortion: How cryptocurrency has enabled a massive surge in ransomware attacks

The Colonial Pipeline episode is likely to bring even greater interest in the regulation of bitcoin and other cryptocurrencies as law enforcement seeks to track down the perpetrators, and policymakers hope to prevent similar attacks from happening again.

May. 14, 2021 at 3:53 p.m. ET

Is this ‘good’ inflation or ‘bad’ inflation? Stock-market investors are rattled because they can’t tell

The stock market is generally expected to benefit from inflation, but surging price pressures are rattling investors.

May. 14, 2021 at 3:47 p.m. ET

Despite new CDC mask guidelines, vaccinated people may still need to mask up when shopping or going to work — here’s why

The grocery store chain Kroger said Friday it ‘continues to require everyone in our stores to wear masks’

May. 14, 2021 at 3:35 p.m. ET

NBA Great Paul Pierce Sells His Calabasas Compound for $8.7M

The retired NBA star Paul Pierce has bagged a buyer for his Calabasas, CA, compound, the Los Angeles Times reported. The deal closed for $8.7 million.

May. 14, 2021 at 2:53 p.m. ET

ThredUp CEO says the company can look forward to wedding season, closet refreshes and growing interest in resale

Core categories like dresses and handbags will get a post-COVID boost with dresses already getting a 20% lift, the company says.

May. 14, 2021 at 2:40 p.m. ET

Oil prices finish the week higher as pipeline shutdown ‘short lived’

Oil futures climbed on Friday, erasing previous losses to finish higher for the week. “The Colonial Pipeline debacle got most of the attention from energy traders this week,” but the shutdown “did not have a material impact on the broader market as the outage was short-lived and all operations are reportedly back to normal as we approach the weekend,” said Tyler Richey, co-editor at Sevens Report Research. June West Texas Intermediate crude rose $1.55, or 2.4%, to settle at $65.37 a barrel on the New York Mercantile Exchange. For the week, the front-month contract gained 0.7%, FactSet data show.

May. 14, 2021 at 2:38 p.m. ET

Dogecoin prices surge 40% higher but here’s one sign the crypto is headed for a lasting breakout, analysts say

Here’s how to tell if dogecoin’s rebound is more bark than bite, according to technical analysts following the popular crypto.