Category: Markets

MARKETWATCH Top News

• : California movie-theater chains ArcLight Cinemas and Pacific Theatres to close for good
  In a blow to Southern California moviegoers, ArcLight Cinemas and Pacific Theatres, which together operate about 300 screens in the region and have been closed due to the COVID-19 pandemic, will not reopen.
• : GameStop board on the hunt for a new CEO: report
  GameStop Corp. is looking for a new chief executive, just two years after hiring its current leader, Reuters reported Monday.
• In One Chart: Here’s how much it costs to be a fan of your favorite NFL team
  A new report estimates that Las Vegas Raiders fans spend more money than any other NFL fan base.
• : The streaming wars have a winner — in this real estate sector
  Hollywood was running out of studio space even before the pandemic hit. Now after a stay-at-home year, appetite for streamed entertainment, including original content, is surging. So, too, is demand for high-quality soundstages, creative labs and production offices.
• : Facebook opposes adding civil-rights expert to its board
  Facebook was among the many companies which last year declared solidarity with the Black Lives Matter movement and is among the many that this year are opposing race-related shareholder resolutions.
• Capitol Report: Biden says he’s ‘prepared to negotiate’ on infrastructure as he meets bipartisan group of lawmakers
  President Joe Biden said Monday he's ready to hash out ideas on his proposed $2.3 trillion infrastructure plan, as he faces resistance from Republicans and even some Democrats.
• Bond Report: U.S. government bond yields tick higher Monday after auctions
  U.S. Treasury yields climb Monday as investors digest a series of auctions, including a three-year and 10-year Treasury note sale, part of nearly $270 billion in debt set to be sold this week in what's slated to be the most recent test of appetite for Treasurys.
• : U.S. budget deficit soars to $660 billion in March after stimulus checks are sent out
  The U.S. budget deficit skyrocketed in March after the government approved a $1.9 trillion coronavirus-relief package that included $1,400 stimulus checks for most Americans.
• : An Israeli study says a COVID-19 variant can still infect vaccinated people. Here’s what Dr. Fauci says the research means
  A small Israeli study indicates that some of the new coronavirus variants may put people who have been vaccinated at higher risk of breakthrough infections, though U.S. health officials questioned some of the wording used in the preliminary research.
• Market Extra: Can a pent-up economy outweigh higher taxes for stock-market investors?
  It’s “hard to argue” that markets have already priced the rising risk of higher taxes, according to David Kelly, chief global strategist at JPMorgan Chase & Co.’s asset management unit.