News Stocks 

Stocks end lower after failed Trump-Kim summit, but benchmarks log strong February gains

“However, market participants highlighted the economic reports highlight expansion that is tapering from heady levels of a 4.2% growth rate in the second quarter of 2018” writes Markets Reporter for marketwatch.com. U.S. stocks finished lower Thursday after a sudden breakdown in denuclearization talks with North Korea weighed on sentiment, even though main indexes posted strong gains in February.The Commerce Department’s estimate of fourth-quarter GDP growth showed the U.S. economy growing at a rate of 2.6%, well above consensus expectations of 1.9%, per a MarketWatch poll of economists.LB, -4.60% shares declined…

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The secret to scoring dates online may be mentioning this topic

“Sunday is likely to be the busiest day of the year for online daters, according to multiple online dating sites” writes Catey Hill for marketwatch.com. Not to mention that many of us pay for our online dating memberships.Not only are Sundays the most popular day for online dating, but this Sunday in particular is one when people begin to commit to their resolutions to find love in 2019. Source: marketwatch.com

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Markets News Stocks 

Here’s just how crazy this week was for the stock market, in one big chart

“The week finished Friday with an indecisive whimper, as stocks flipped back and forth between gains and losses all day long” writes Senior Editor for marketwatch.com. On Monday, the Dow Jones Industrial DJIA, -0.33% , the S&P 500 SPX, -0.12% and the Nasdaq Composite COMP, +0.08% all booked their ugliest-ever plunges in the shortened Christmas Eve trading session.But the ups and downs during a usually calm period are no doubt stoking investor anxiety about what’s to come.The week’s sharp moves were attributed mostly to light holiday trading volume and computer-driven…

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Q3 GDP Revised Lower To 3.4%…

“WASHINGTON (MarketWatch) – The U.S. economy grew at an annual 3.4% pace in the third quarter instead of 3.5%, revised government data show” writes Senior Economics Reporter for marketwatch.com. Slightly weaker consumer spending mostly accounted for the downward revision, the Commerce Department said.Consumer spending, the main engine of U.S. growth, rose 3.5% vs. an earlier 3.6% estimate.The data confirm there were large but offsetting swings in inventories, which added 2.3 percentage points to growth, and the trade balance, which subtracted 2 percentage points.This was offset partly by higher inventory growth…

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Crypto Markets News Stocks 

Weekend roundup: ‘Worthless’ bitcoin | ‘Tariff Man’ | Simple advice from Warren Buffett

“Check out our Personal Finance Daily or other newsletters, and get the latest news, personal finance and investing advice” writes Investing Columnist for marketwatch.com. Even more negative is when short-term rates are higher than long-term rates, known as an inverted yield curve.The value of bitcoin BTCUSD, -9.94%  has plummeted 74% this year, to $3,587.50 as of Thursday.A narrowing gap between short-term and long-term Treasury yields typically indicates a lack of confidence in the economy, at least among bond investors. Source: marketwatch.com

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Democrats may resist Maxine Waters’s bid to investigate Trump | Koch groups say Congress shouldn’t renew expired tax breaks

“Koch groups on tax breaks: The Hill reports groups backed by wealthy Republican donor Charles Koch are urging Congress not to renew expired tax breaks, as lawmakers may consider reviving some or all of them during the lame-duck session” writes Robert Schroeder for marketwatch.com. More than two dozen tax provisions, known as “tax extenders,” expired at the end of 2017, including tax breaks that benefit the renewable energy, motorsports, and horse racing industries.Congress often passes one- or two-year extensions of tax extenders during the final weeks of a year. Source: marketwatch.com

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Trump involved in payouts to women, potentially violated campaign laws, Wall Street Journal reports

“WASHINGTON (MarketWatch) — Donald Trump played an active role in arranging hush-money deals with a model and an adult-film star ahead of the 2016 presidential election and may have violated campaign-finance laws, according to the Wall Street Journal” reports marketwatch.com. The president has repeatedly denied involvement in deals arranged to keep the women silent, but the Journal said he was kept abreast nearly ever step of the way. Source: marketwatch.com

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News Stocks 

Weekend roundup: Democrats and your retirement | Buffett’s buybacks | Biotech stocks on sale

“Marijuana stocks added to their recent rally after President Trump asked Attorney General Jeff Sessions to resign on Wednesday” writes Investing Columnist for marketwatch.com. Also see: How investors can stay balanced in a seesawing stock market The IRS has increased IRA, 401(k) and other retirement account contributions for 2019.Biotech stocks have taken a tumble recently. Source: marketwatch.com

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House bill would fully fund Trump’s border wall | Electric-vehicle tax break in crosshairs

“House Majority Leader Kevin McCarthy will introduce a bill this week to fully fund a border wall between the U.S. and Mexico, according to CBS News” writes Robert Schroeder for marketwatch.com. The fee, based on typical fuel taxes paid for similar gas-powered vehicles, would be collected with the vehicle owner’s federal tax return. Source: marketwatch.com

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