NewsWatch: Dow books a 150-point loss after President Trump says he will hold Friday news conference on China

This post was originally published on this site

MARKETWATCH FRONT PAGE

Stocks close lower Thursday, skidding into negative territory in the final hour of trade, after President Donald Trump said he would hold a news conference on China on Friday, rattling investors who had been enjoying a rally on optimism about an economic recovery from the coronavirus pandemic. See full story.

Trump executive order to punish social-media platforms is largely toothless, legal experts say

President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies. See full story.

Check your junk mail — 4 million Americans are getting their stimulus payments as prepaid debit cards, not checks

The EIP Cards come in plain white envelopes, which some people have thrown away by mistake See full story.

Sorry Bill Ackman, truth is you’re probably not Warren Buffett’s ideal investor

Berkshire Hathaway chairman and famed stock-picker values long-term ‘high-quality’ shareholders, writes Lawrence Cunningham. See full story.

The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs

For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows. See full story.

MARKETWATCH PERSONAL FINANCE

‘No one signs up for a high-end travel credit card wanting to use those points for groceries.’ See full story.