NewsWatch: Stocks push higher, fresh records in sight, as earnings and service-sector data surprise to the upside

This post was originally published on this site

MARKETWATCH FRONT PAGE

U.S. stocks rise Wednesday as corporate earnings results surprised to the upside and rosy service-sector data outweighed a disappointing jobs report from payroll provider ADP. See full story.

Trump suddenly supports mail-in voting — for the key swing state of Florida

After weeks of bashing mail-in voting and even suggesting the 2020 election should be delayed. President Donald Trump has changed his tune — at least when it comes to the critical swing state of Florida. Now he’s for it. See full story.

White House, Democrats agree to try to reach coronavirus-aid deal by week’s end

After more than a week of almost daily face-to-face meetings, Trump administration officials and congressional Democratic leaders have agreed to try to reach a deal by the week’s end. See full story.

Disney shakes up streaming approach after losing nearly $5 billion due to pandemic

Walt Disney Co. is doubling down on streaming after reporting a quarterly loss of nearly $5 billion Tuesday amid a pandemic that has all but paralyzed its theme parks, live productions and cruise line. See full story.

Kodak shareholders were not the only beneficiaries of the sudden stock surge — holders of convertible bonds also saw tidy gains

Eastman Kodak Co.’s share price rally after news of a $765 million government loan to help it make drug ingredients at its U.S. factories has offered shareholders and executives with stock options a tidy windfall. But they’re not alone. See full story.

MARKETWATCH PERSONAL FINANCE

COVID-19 gives us an opportunity to take care of our people See full story.

Add Comment