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PayPal co-founder Peter Thiel amassed a $5 billion Roth IRA, according to ProPublica.


Americans have returned to more watchful spending habits now that most of the federal stimulus money is gone.


A key measure of U.S. inflation rose sharply again in May and showed prices rising at the fastest annual pace since 2008, signaling consumers can expect to pay more for goods and services over the summer as the economy recovers from the pandemic.


"I canat believe cat litter and food have gone up by $5. How could they even do that? Itas kitty litter and cat food for Godas sake."


aI believe he should get back $28,000 on his original capital investment a but not the money he spent on refurbishments.a


TaxWatch: IRS audits fell again in 2020 a but thereas one big exception
Date: Fri, 25 Jun 2021 13:13:00 GMT
From marketwatch.com
Internal Revenue Service audit numbers dropped again in 2020, continuing a downward trend thatas been occurring for years --- except for one group of taxpayers.


Homeowners who have yet to refinance may miss out on the opportunity to save if they donat act soon.


Nomura says a new model correctly signalled two-thirds of the past 53 crises in 40 countries since the early 1990s, and it is currently warning that six economies appear vulnerable to financial crises over the next 12 quarters.


Market Snapshot: U.S. stock index futures point higher after key inflation reading
Date: Fri, 25 Jun 2021 12:55:00 GMT
From marketwatch.com
U.S. stocks are set to build on a record climb on Friday as investors parse readings on inflation and consumer spending and incomes, a day after an agreement on infrastructure spending was credited with helping lift the S&P 500 index and Nasdaq Composite to another round of records.


Metals Stocks: Gold futures aim for daily and weekly gains
Date: Fri, 25 Jun 2021 12:49:00 GMT
From marketwatch.com
Gold futures rise Friday morning and were set for a solid weekly gain as a tepid U.S. dollar and subdued Treasury yields helped bullion claw back some of its over 5% decline from last week.


Nasdaq Composite up 0.2%
Date: Fri, 25 Jun 2021 13:33:07 GMT
From feeds.marketwatch
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.


S&P 500 carves out fresh intraday record above 4,277
Date: Fri, 25 Jun 2021 13:33:07 GMT
From feeds.marketwatch
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Dow rises 0.6% early Friday
Date: Fri, 25 Jun 2021 13:33:07 GMT
From feeds.marketwatch
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S&P 500 and Nasdaq head to fresh records to end the week
Date: Fri, 25 Jun 2021 13:30:18 GMT
From feeds.marketwatch
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U.S. dollar off 0.3% at 110.52 Japanese yen
Date: Fri, 25 Jun 2021 12:36:04 GMT
From feeds.marketwatch
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Euro up 0.2% versus dollar at $1.1962
Date: Fri, 25 Jun 2021 12:35:42 GMT
From feeds.marketwatch
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10-year Treasury yield down 0.2 basis point to 1.486%
Date: Fri, 25 Jun 2021 12:34:54 GMT
From feeds.marketwatch
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Treasury yields little changed after PCE data
Date: Fri, 25 Jun 2021 12:34:16 GMT
From feeds.marketwatch
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August gold up 0.7% at $1,790.30/oz.
Date: Fri, 25 Jun 2021 12:33:00 GMT
From feeds.marketwatch
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Gold adds to gains after data
Date: Fri, 25 Jun 2021 12:33:00 GMT
From feeds.marketwatch
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Stocks open higher after key inflation indicator rises
Date: Fri, 25 Jun 2021 13:34:06 GMT
From feeds.marketwatch

Stocks opened higher Friday after a closely watched reading of inflation jumped, but was largely in line with expectations. The Dow Jones Industrial Average rose 165 points, or 0.5%, to 34,362. The S&P 500 was up 0.2% at 4,275.32, while the Nasdaq Composite rose 0.2% to 14,398.33. The S&P 500 and Nasdaq both ended at records Thursday, with stocks buoyed by an agreement between the Biden administration and a bipartisan group of senators on an infrastructure spending plan. The core personal consumption expenditure price index, the Fed"s preferred inflation measure, moved up 0.5% in May. That nudged the increase over the past 12 months to 3.4% from 3.1%.

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.



Shares of Vir Biotechnology Inc. gained 3.1% in premarket trading on Friday after the company shared positive data from mid-stage and early-stage clinical trials for its experimental hepatitis C treatments. One candidate, VIR-2218, was tested subcutaneously in 32 patients with chronic hepatitis B infections. The other, VIR-3434, enrolled 40 patients in a Phase 1 clinical trial. Vir"s stock is up 85.2% so far this year, while the S&P 500 has gained 13.0%.

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.



Roche"s arthritis drug gets authorized as COVID-19 treatment for the severely ill
Date: Fri, 25 Jun 2021 12:30:43 GMT
From feeds.marketwatch

Shares of Roche Holding Group were up 0.1% in trading on Friday, the day after the company said its COVID-19 drug has been authorized in the U.S. as a treatment for those who have been hospitalized with COVID-19 who are at least two years old. The drug, Actemra, is already approved by the Food and Drug Administration as a treatment for rheumatoid arthritis. The intravenous therapy is reserved for the very ill, including those patients already taking steroids, on oxygen, or being ventilated. Roche"s stock is up 7.0% for the year, while the broader S&P 500 has gained 13.0%.

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.



AMC stock set to snap 4-week win streak
Date: Fri, 25 Jun 2021 12:23:35 GMT
From feeds.marketwatch

Shares of AMC Entertainment Holdings Inc. fell 2.5% in premarket trading Friday, which puts the meme stock on track to snap a four-week win streak in which it rocketed nearly fivefold. The movie theater chain"s stock has lost 4.3% so far this week, after soaring 390.6% over the previous four weeks. During the weekly win streak, the stock had closed at a record $62.55 on June 2. Among other meme stocks, GameStop Corp. rose 1.1% in premarket trading Friday, which would put it on track to snap a two-week losing streak in which it shed 13.9%. GameStop shares have slipped 0.7% week-to-date through Thursday. Separately, the S&P 500 has fallen 0.7% week to date, putting it on track for a third-straight weekly decline.

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.



Shares of Nike Inc. rocketed into record territory in premarket trading Friday, enough to provide a more than 100-point boost to the Dow Jones Industrial Average"s price, in the wake of the athletic apparel and accessories maker"s better-than-expected fiscal fourth-quarter results. The stock soared 12.8% ahead of the open, putting them on track to open above Jan. 11, 2021 record close of $147.05, and to produce the biggest one-day percentage gain since it shot up 15.2% on March 24, 2020. The stock"s implied price gain would add about 113 points to the Dow"s price, while Dow futures rose 105 points, or 0.3%.

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.



Zero-calorie beverage company Zevia files to go public
Date: Fri, 25 Jun 2021 11:54:16 GMT
From feeds.marketwatch

Zevia, a beverage company that makes zero-calorie and zero-sugar beverages with "clean" ingredients, has filed to go public. It plans to list class A shares on the New York Stock Exchange under the ticker "ZVIA." Goldman Sachs & Co. LLC, BofA Securities and Morgan Stanley are the lead underwriters. An S-1 has been filed with the Securities Exchange Commission, but has not yet become effective. Zevia joins a slew of companies that have recently filed paperwork to go public or have started trading, including Krispy Kreme, Mister Car Wash and Confluent Inc. . The Renaissance IPO ETF is up 2.3% for the year to date while the S&P 500 index has gained 13.6% for the period.

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.



Shares of used car retailer CarMax Inc. jumped 5.8% in premarket trade Friday, after the company blew past earnings estimates for its fiscal first quarter. Richmond, Virginia-based CarMax said it had net income of $436.8 million, or $2.63 a share, in the quarter to May 31, up from $4.978 million, or 3 cents a share, in the year-earlier period. Revenue rose to $7.698 billion from $3.229 billion a year ago. The FactSet consensus was for EPS of $1.63 and revenue of $6.183 billion. The company sold 452,188 units through its retail and wholesale channels combined, up 128% from a year ago. Sales were driven by "significant demand" for used cars from consumers, supported by federal stimulus checks, which were sold through the company"s omnichannel network. "We believe CarMax became the largest online buyer of used vehicles from consumers as a result of our nationwide online instant appraisal offerings, with approximately 163,000 vehicles bought in the quarter," the company said in its earnings release. CarMax is targeting $33 billion in revenue and 2 million units sold per year by fiscal 2026. The company is also aiming to expand market share of the national used car market of cars zero to 10 years old to more than 6% by calendar 2025. Shares have gained 26% in the year to date, while the S&P 500 has gained 13.6%.

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.



Rockwell Automation to buy Plex Systems for $2.2 billion in cash
Date: Fri, 25 Jun 2021 10:44:31 GMT
From feeds.marketwatch

Rockwell Automation Inc. announced Friday an agreement to buy Michigan-based privately held software-as-a-service smart manufacturing platform company Plex Systems for $2.22 billion in cash. The deal, which will be financed with a combination of cash and debt, is expected to be completed in Rockwell"s fourth quarter. Plex offers a multi-tenant SaaS manufacturing platform, including advanced manufacturing execution systems, quality and supply-chain management capabilities. It has more than 700 customers and manages more than eight billion transactions per day. "Combining Plex"s cutting-edge cloud technology with Rockwell"s existing software portfolio and domain expertise will add customer value and create more ways to win," said Rockwell Chief Executive Blake Moret. "The acquisition will also accelerate our software revenue growth and strengthen our annual recurring revenue streams." Rockwell"s stock, which is still inactive in premarket trading, has rallied 13.8% year to date while the S&P 500 has gained 13.6%.

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.



Mister Car Wash Inc. is set to go public Friday, after the profitable Arizona-based carwash chain"s initial public offering priced overnight, to value the company at $4.44 billion. The company raised $468.8 million as it sold 31.25 million shares in the IPO, while selling shareholders sold 6.25 million shares to raise $93.8 million. The IPO pricing of $15 a share was at the low end of the expected range of between $15 and $17 a share. The stock is expected to begin trading on the NYSE under the ticker symbol "MCW." BMO Capital and UBS Securities are acting as joint book-running managers. The stock is going public at a time that the Renaissance IPO ETF has rallied 9.3% over the past three months while the S&P 500 has gained 9.1%.

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.



The global tally for the coronavirus-borne illness headed above 180 million on Friday, according to data aggregated by Johns Hopkins University, while deaths climbed above 3.9 million. The U.S. continues to lead the world in total cases at 33.6 million, and by deaths that total 603,178. Nearly all COVID-19 deaths in the U.S. now are in people who have not been vaccinated, according to anAssociated Press analysis. Only about 150 of the more than 18,000 COVID deaths since May were people who had been fully vaccinated, equal to 0.8% of the total per day on average. That shows how effective vaccines are in protecting against death and suggests the death rate would be far lower than its current level of just under 300 a day if everyone got inoculated. The number of fully vaccinated Americans rose to 151 million, or 45.6% of the total population, according to the latest data from the Centers of Disease Control and Prevention (CDC), up from 45.4% on Thursday. The number of U.S. adults receiving at least one dose increased to 65.7% from 65.6%, as the vaccine drive continues to lose steam. On a global basis, India is second in total cases at 30.1 million and third by fatalities at 393,310, although those numbers are expected to be undercounted given a shortage of tests. Brazil has the third-highest caseload at 18.2 million, according to JHU data, and is second in deaths at 509,141. Mexico has fourth-highest death toll at 232,068 and 2.5 million cases. In Europe, Russia has overtaken the U.K. by deaths. Russia has 129,869 fatalities, while the U.K. has 128,312, making Russia the country with the fifth-highest death toll in the world and highest in Europe. Russia reported 20,182 new cases on Thursday, its highest daily total since Jan 24.

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.



Shares of Graphite Bio Inc. are set to start trading Friday, after the California-based gene-editing biotechnology company"s upsized initial public offering priced at the top of the expected range. The company raised $238 million, as it said late Thursday that sold 14.0 million shares in its IPO, which priced at $17 a share. The pricing values Graphite Bio at about $926.1 million. The company had previously said it was offering 12.5 million shares in the IPO, which was expected to price between $15 and $17 a share. The stock is expected to begin trading on the Nasdaq under the ticker symbol "GRPH." Morgan Stanley, BofA Securities, Cowen and SVB Leerink are the joint book-running managers. The company recorded a net loss of $68.4 million on no revenue in 2020 after a loss of about $109,000 on no revenue in 2019. The company is going public at a time that the Renaissance IPO ETF has run up 9.3% over the past three months and the S&P 500 has gained 9.1%.

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.



Green list change prompts holiday pricing chaos
Date: Fri, 25 Jun 2021 13:26:41 GMT
From https:
Prices for some destinations doubled overnight but others are falling as demand and supply fluctuates.

Amazon and Google probed over efforts to stop fake reviews
Date: Fri, 25 Jun 2021 09:38:12 GMT
From https:
UK competition watchdog begins formal probe into whether the internet giants have broken consumer law.

Toshiba: Scandal-hit chairman ousted by investors
Date: Fri, 25 Jun 2021 05:55:16 GMT
From https:
It comes after the firm was found to have helped suppress the interests of foreign investors.

Nike boss defends firmas business in China
Date: Fri, 25 Jun 2021 04:28:12 GMT
From https:
The sportswear giant was recently hit by a backlash over statements on Xinjiang and the Uyghurs.

Covid: Green list expansion not enough, say travel bosses
Date: Fri, 25 Jun 2021 09:22:31 GMT
From https:
Sixteen places - including Ibiza - will join the green list from Wednesday, but industry leaders want more.

Biden backs $1.2tn infrastructure bill but places big condition
Date: Fri, 25 Jun 2021 03:27:24 GMT
From https:
But the US president says he will only sign it if a separate, far bigger budget bill can be passed.

U.S. stocks open higher Friday in wake of rise in Fed-favored inflation gauge
Date: Fri, 25 Jun 2021 13:35:46 GMT
From feeds.marketwatch
U.S. stocks open higher Friday in wake of rise in Fed-favored inflation gauge

U.S. consumer spending was flat in May as personal incomes dipped
Date: Fri, 25 Jun 2021 12:35:06 GMT
From feeds.marketwatch
U.S. consumer spending was flat in May as personal incomes dipped

PCE inflation index shows 0.4% U.S. price rise in May
Date: Fri, 25 Jun 2021 12:32:55 GMT
From feeds.marketwatch
PCE inflation index shows 0.4% U.S. price rise in May

U.S. stock-market futures point higher ahead of key inflation reading
Date: Fri, 25 Jun 2021 12:27:04 GMT
From feeds.marketwatch
U.S. stock-market futures point higher ahead of key inflation reading

Nike"s stock on track to singlehandedly lift the Dow by 100 points at the open
Date: Fri, 25 Jun 2021 12:02:45 GMT
From feeds.marketwatch
Nike"s stock on track to singlehandedly lift the Dow by 100 points at the open

CarMax shares surge as strong demand for used cars leads to blowout earnings
Date: Fri, 25 Jun 2021 11:52:39 GMT
From feeds.marketwatch
CarMax shares surge as strong demand for used cars leads to blowout earnings

Virgin Galactic shares soar after getting FAA OK to send customers to space
Date: Fri, 25 Jun 2021 11:37:10 GMT
From feeds.marketwatch
Virgin Galactic shares soar after getting FAA OK to send customers to space

U.S. tops list of countries most vulnerable to a financial crisis, warns Nomura
Date: Fri, 25 Jun 2021 11:22:43 GMT
From feeds.marketwatch
U.S. tops list of countries most vulnerable to a financial crisis, warns Nomura