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Forbes HeadlinesMay 24, 2019
Oil Markets Finally Succumb to US-China Trade Fears
One could logically argue that crude oil prices should be heading toward $100 a barrel given the bullish factors in global oil markets. Why prices have stayed low is something of a mystery that cannot be explained by President Trump's Twitter habits alone.

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Wall St. edges higher after Trump sparks U.S.-China trade hopes (Reuters Business)
US STOCKS-Wall St edges higher after Trump sparks U.S.-China trade hopes (Reuters Company News)

Reuters Company NewsMay 24, 2019
US STOCKS-Wall St clings to slight gains after Trump sparks U.S.-China trade hopes
* Indexes up: Dow 0.45%, S&P 500 0.29%, Nasdaq 0.29% (Updates to late afternoon; changes byline, adds NEW YORK to dateline)

Forbes HeadlinesMay 24, 2019
Trade War Update: Washington Throws The Kitchen Sink At China
Washington is ready to punish China for currency manipulation, its treatment of Muslim minorities, and issues related to the South China Sea.

RELATED ARTICLES
China accuses U.S. officials of misleading public on trade war (Reuters Business)
WRAPUP 1-China accuses U.S. officials of misleading public on trade war (Reuters Company News)

MarketWatchMay 24, 2019
Market Snapshot: Stocks close higher but Dow logs longest weekly losing streak since 2011
U.S. stocks close higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease up on restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.

RELATED ARTICLES
BUZZ-U.S. stocks weekly: On the defensive (Reuters Company News)

Forbes HeadlinesMay 24, 2019
The Best Pre-Memorial Day Sales for Women's Fashion
It's time to shop Memorial Day sales from all your favorite websites! We know it's a couple days away, but we rounded up some of our favorite items from all of our favorite websites for you to shop right now!

SEC.gov Updates: News DigestMay 24, 2019
497K - Invesco Exchange-Traded Self-Indexed Fund Trust (0001657201) (Filer)
2019-05-24 0001193125-19-157158 171 KB

MarketWatchMay 24, 2019
Market Snapshot: Hope gives way to worry as stock-market investors reassess U.S.-China trade fight
Expectations for a painless resolution of the U.S.-China trade fight is giving way to fears of a prolonged battle that could dent global growth.

Forbes HeadlinesMay 24, 2019
Dell Memorial Day Sale 2019: Best Deals
Dell is offering several outstanding tech deals at its online store. And this roundup will help you find the best options—all while saving thousands of dollars.

RELATED ARTICLES
Personal Finance Daily: Why it's a smart move to list your home on Memorial Day Weekend and what the savviest travel pros take on vacation (MarketWatch)

MarketWatch MarketPulseMay 24, 2019
Roku stock closes at record high for fourth consecutive session, market cap above $10 billion
Roku Inc. shares jumped another 6.2% Friday to close at $95.78, establishing a new record high for the fourth consecutive session. Roku stock has been on a roll since the streaming-television company reported strong revenue growth on May 8, gaining 47.5% since that date. For the week, Roku stock increased 14%, after jumping 27.3% in the week of its first-quarter earnings report. Shares have now more than tripled in 2019, gaining 212% this year as the S&P 500 index has gained 12.6%. The gains pushed Roku's market capitalization into 11 figures for the first time at the end of Thursday's session before closing Friday at $10.9 billion, according to FactSet.

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.



SEC.gov Updates: News DigestMay 24, 2019
497K - AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) (0000826644) (Filer)
2019-05-24 0001193125-19-156856 531 KB

Google Business NewsMay 24, 2019
MAX's Return to Flight Delayed by FAA's Reevaluation of Safety Procedures for Older 737 Models - The Wall Street Journal
MAX's Return to Flight Delayed by FAA's Reevaluation of Safety Procedures for Older 737 Models  The Wall Street JournalEven if Boeing 737 Max jets are cleared to fly, Americans may not get on board  CBS This MorningBoeing Needs to Come up With Global Solutions for 737: Allied Pilots Association  BloombergFAA Holds Summit On Boeing 737 Max, Says No 'Target' Date On A Fix | NBC Nightly News  NBC NewsUnited extends 737 Max cancellations through early August as Boeing plane remains grounded  CNBCView full coverage on Google News

RELATED ARTICLES
United Airlines extends cancellations of Boeing 737 MAX flights into August (Reuters Business)

NYTimes BusinessMay 24, 2019
DealBook Briefing: $16 Billion in Bailouts Says the Trade War Is Here to Stay
Aid for farmers hurt by the trade war with Beijing signals that a protracted fight lies ahead.

Forbes Social Media NewsMay 24, 2019
Facebook Deleted More Than 2 Billion Fake Accounts In The First Quarter Of The Year [Infographic]
Facebook has detailed its efforts to curb controversial content in its third Community Standards Enforcement Report.

Washington Post BusinessMay 24, 2019
China Trade War Is Music to a French Billionaire's Ears
Vincent Bollore's Vivendi has been struggling to sell Universal Music Group. Now it has a convenient get-out.

SEC.gov Updates: News DigestMay 24, 2019
4 - Browner Carol M. (0001582855) (Reporting)
2019-05-24 0001562180-19-003101 4 KB

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4 - BROWN PETER C (0001095168) (Reporting) (SEC.gov Updates: News Digest)
4 - Adkins Rodney C (0001400395) (Reporting) (SEC.gov Updates: News Digest)

Forbes HeadlinesMay 24, 2019
Harvey Weinstein Sexual Misconduct Cases Appear to Be Settling for $44 Million
The civil cases against Harvey Weinstein may be nearing resolution. The $44 million settlement would include $30 million for the accusers, creditors, and former employees of the studio, as well as an additional $14 million in legal fees.

The Motley FoolMay 24, 2019
Why Investors Are More Bearish About Best Buy, More Bullish About L Brands
The electronics chain could get wounded by the trade war -- but politics or no politics, people are still buying lotions and candles.

FT.com - Financial MarketsMay 24, 2019
Wall Street ends week lower despite Friday bounce
S&P 500 suffers third straight week of losses, its longest losing streak since December

Google Business NewsMay 24, 2019
Some Weinstein Accusers Balk at $30 Million Settlement - Variety
Some Weinstein Accusers Balk at $30 Million Settlement  VarietyHarvey Weinstein agrees to $44M deal to settle lawsuits with alleged victims and others: sources  New York Daily NewsHarvey Weinstein Is Said to Reach $44 Million Deal to Settle Lawsuits  The New York TimesWSJ: Harvey Weinstein Reaches Tentative $44 Million Deal With Alleged Victims, Film Studio  The Daily BeastAshley Judd goes it alone, says she is not settling with Hollywood honcho Harvey Weinstein  NBCNews.comView full coverage on Google News

The Motley FoolMay 24, 2019
Foot Locker Affirms Its Growth Outlook As Expenses Jump
The retailer is on track for another record revenue year in 2019.

Reuters BusinessMay 24, 2019
Oil rises more than 1% but sets biggest weekly loss of 2019
Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.

RELATED ARTICLES
UPDATE 9-Oil rises more than 1% but sets biggest weekly loss of 2019 (Reuters Company News)

Reuters Company NewsMay 24, 2019
UPDATE 3-United Airlines extends cancellations of Boeing 737 MAX flights into August
United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes.

The Motley FoolMay 24, 2019
Foot Locker Inc (FL) Q1 2019 Earnings Call Transcript
FL earnings call for the period ending May 4, 2019.

MarketWatchMay 24, 2019
Futures Movers: Oil futures suffer worst weekly performance of the year
Oil futures settle higher Friday, recouping a small portion of recent losses, but a day after posting their biggest one-day loss since December, prices see their worst weekly performance of the year.

Reuters Company NewsMay 24, 2019
UPDATE 2-Global Payments nearing $20 bln deal to buy Total System - source
Payment technology company Global Payments Inc is nearing a deal to acquire peer Total System Services Inc (TSYS) for about $20 billion in an all-stock deal, a source familiar with the matter said on Friday.

MarketWatch MarketPulseMay 24, 2019
Foot Locker shares plummet after lackluster second-quarter guidance
Foot Locker Inc. stock plummeted more than 16% in Friday trading after the athletic retailer missed on first-quarter profit and sales and gave a lackluster look forward. Calling the second quarter "just sort of not very exciting," Foot Locker Chief Executive Richard Johnson also said changes to merchandise plans would make the period even more dull. "So, the biggest shift in the second quarter is related to products that we now know are shifting out of the quarter," he said, according to a FactSet transcript. "It's a very normal course of business that we have puts and takes." But analysts at Baird reacted to the "disappointing setback" by removing their "Fresh Pick" rating from Foot Locker stock and cutting the price target to $62 from $77. Still, Baird rates Foot Locker stock outperform. "While highly disappointed by the FQ1 update/outlook, we still think Foot Locker is well positioned to benefit from an improving footwear cycle (especially as a key differentiated partner for Nike) allowing for continued strong comps and improving margin visibility over the next several quarters," the note said. Meanwhile, competing athletic retailer Hibbett Sports Inc. stock soared 22.4% after better-than-expected quarterly results. Hibbett shares have gained 69.5% for the year to date. Foot Locker stock is down 18% for the period. And the S&P 500 index is up 12.8% for 2019 so far.

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.



MarketWatchMay 24, 2019
Key Words: Watch Theresa May's emotional farewell: ‘I have done everything I can'
The embattled British Prime Minister got teary towards the end of her resignation speech.

RELATED ARTICLES
Steve Hilton on departure of 'accidental prime minister' Theresa May: 'Disaster from start to finish' - Fox News (Google Business News)

MarketWatch MarketPulseMay 24, 2019
Global Payments could announce $20 billion deal for Total System Services on Tuesday: CNBC
Global Payments Inc. is expected to announce a roughly $20 billion deal for peer Total System Services Inc. on Tuesday, according to CNBC. The deal is expected to be an all-stock transaction, CNBC said, citing multiple anonymous sources. Global Payments and Total System Services didn't respond to requests for comment about the potential deal. Total System Services shares are up 11.2% in midday trading Friday, while Global Payments shares are up 3.7%. "A combined TSYS-Global Payments entity would be a ~$40B market cap payments company with 8% share in U.S. merchant acquiring, and benefit from the similar customer segment focus of the two merchant acquiring business on the [small- and medium-sized business] segment," wrote MoffettNathanson analyst Lisa Ellis. However, she sees other potential deals involving Global Payments as "equally, if not more, likely" given that the company is growing more quickly than Total System Services, which has seen its shares rise 37% this year as the S&P 500 has climbed 13%.

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.



RELATED ARTICLES
Global Payments nears $20bn deal to buy Total System Services (FT.com - Financial Markets)

Reuters Company NewsMay 24, 2019
UPDATE 2-European shares recover after Trump signal on trade war
* Casino shares headed for best day since market debut (Adds UK PM's resignation announcement, updates to closing)

RELATED ARTICLES
Deckers shares rise as interest in Ugg lifts in the U.S. (MarketWatch MarketPulse)

The Motley FoolMay 24, 2019
Why Foot Locker, Lions Gate Entertainment, and The Buckle Slumped Today
Find out what made these stocks miss out on the market's bounce.

Forbes HeadlinesMay 24, 2019
The Best Memorial Day Deals On Bedroom Furniture At Wayfair, Walmart And Amazon
Transform your bedroom with these deals on bedroom furniture from Wayfair, Walmart and Amazon.

FT.com - China, Economy & TradeMay 24, 2019
Huawei v the US: Trump risks a tech cold war
Curbs on the Chinese company play into the trade war rhetoric. But American industry fears it has a lot to lose from the dispute

RELATED ARTICLES
MacBook Pro teardown reveals subtle changes to keyboard mechanism - TechCrunch (Google Business News)

Forbes HeadlinesMay 24, 2019
Best Memorial Day Deals We Know About So Far
Memorial Day sales are known for their steep discounts in home, but this Memorial Day, we've rounded up all of the best Memorial Deals we could find in fashion, home and tech.

Google Market NewsMay 24, 2019
Trump tweets heavily edited video of Pelosi played by Fox Business - CBS News
Trump tweets heavily edited video of Pelosi played by Fox Business  CBS NewsDonald Trump falls for Nancy Pelosi's trap  CNNPelosi's Pragmatism on Impeachment May Backfire  BloombergJon Summers: Trump's $2 trillion temper tantrum -- President needs to put on big boy pants and get to work  Fox NewsTrump Tantrums the Dems Out of a Trap  The New York TimesView full coverage on Google News

Reuters Company NewsMay 24, 2019
UPDATE 1-Gibson to load 225,000 bpd of Canadian crude-by-rail by summer's end - CEO
Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will rise to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday.

The Motley FoolMay 24, 2019
Intuit Raises Full-Year Guidance After a Strong Tax Season
The software giant's tax and small-business ecosystem segments both notched vigorous growth over the last three months.

Reuters Company NewsMay 24, 2019
Gibson to load 225,000 bpd of Canadian crude-by-rail by summer's end - CEO
Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will go up to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday.

MarketWatchMay 24, 2019
The Wall Street Journal: New rule would let U.S. companies sue foreign rivals over currency weakness
U.S. companies would be able to seek penalties against foreign competitors they say benefit from artificially weak currencies, under a new rule proposed by the Trump administration.

Forbes HeadlinesMay 24, 2019
Low-Tax States Are Adding Jobs 80% Faster Than High-Tax States Due To Trump's Tax Cut & SALT Cap
Job growth has been running 80% stronger in low-tax states than in high-tax states since the passage of the Tax Cuts and Jobs Act of 2017 in December 2017. Understanding why holds important lessons for policy, economics, and politics.

Reuters Company NewsMay 24, 2019
UPDATE 2-U.S. startup accuses Huawei executive of involvement in trade-secrets theft -WSJ
A Silicon Valley chip startup has accused a top executive of China's Huawei Technologies Co Ltd, Deputy Chairman Eric Xu, of participating in a conspiracy to steal its trade secrets, the Wall Street Journal reported https://www.wsj.com/articles/huawei-executive-is-accused-of-involvement-in-trade-secrets-theft-u-s-startup-said-in-court-filings-11558550468 on Wednesday, citing court documents.

RELATED ARTICLES
The U.S. war on Huawei may end up hurting American tech companies (Washington Post Business)
Huawei shipments could fall by up to a quarter this year: analysts (Reuters Business)

Google Market NewsMay 24, 2019
Kevin Durant defends social media use after spat with Chris Broussard - SF Gate
Kevin Durant defends social media use after spat with Chris Broussard  SF GateKD prioritizing free agency over the Finals would start an 'avalanche' - Jalen Rose | First Take  ESPNKevin Durant and the Mirage of Basketball Heaven  The RingerKevin Durant free agency: Ranking K.D.'s options, from Clippers to Knicks to staying with the Warriors  CBS SportsKevin Durant is the best player, but the Warriors are Steph Curry's team - Mike Greenberg | Get Up!  ESPNView full coverage on Google News

Google Business NewsMay 24, 2019
Why Trump is right to sidestep Congress on Saudi-UAE arms sales - Washington Examiner
Why Trump is right to sidestep Congress on Saudi-UAE arms sales  Washington ExaminerTrump approves massive arms deals to Saudi Arabia and UAE amid Iran tensions  CNBCTrump Officials Prepare to Bypass Congress to Sell Weapons to Gulf Nations  The New York TimesTrump to declare emergency to bypass Congress in Saudi arms deal: Report  Fox NewsTrump to sidestep Congress to clear arms deals benefiting Saudi Arabia, UAE  The Washington PostView full coverage on Google News

RELATED ARTICLES
UPDATE 2-Defying Congress, Trump sets massive arms sales to Saudis, UAE (Reuters Company News)

Chicago Tribune Business NewsMay 24, 2019
United extends 737 Max cancellations through August
United Airlines is canceling more than 2,400 flights during the busy summer travel season as Boeing's 737 Max jets remain grounded.

Chicago-based United had already pulled flights on the 737 Max from its schedule through early July, but it is now extending cancellations through Aug. 3, the airline...



Reuters Company NewsMay 24, 2019
UPDATE 8-Oil edges higher but set for biggest weekly loss of 2019
* U.S. oil drillers cut rigs for third week in a row -Baker Hughes (New throughout, updates prices, market activity and comments; adds rig count data)

Google Business NewsMay 24, 2019
Best Buy cancels pre-orders for the Samsung Galaxy Fold - CNN
Best Buy cancels pre-orders for the Samsung Galaxy Fold  CNNSamsung Insider Reveals Radical New Galaxy Smartphone  ForbesSecond Samsung foldable smartphone to be out-folding like the Mate X?  PocketNowBest Buy cancels all preorders for the Galaxy Fold  The VergeSamsung may release a surprise new phone at the end of 2019  TechRadarView full coverage on Google News

Reuters Company NewsMay 24, 2019
UPDATE 7-Oil steady but set for 2019's biggest weekly loss
* Coming Up: Weekly U.S. oil rig count data at 1 p.m. (1700 GMT) (New throughout, adds comments, updates prices, changes dateline to NEW YORK; previous LONDON)

Google Business NewsMay 24, 2019
Best Buy cancels Samsung Galaxy Fold preorders - TechCrunch
Best Buy cancels Samsung Galaxy Fold preorders  TechCrunchSamsung Insider Reveals Radical New Galaxy Smartphone  ForbesBest Buy cancels all preorders for the Galaxy Fold  The VergeBest Buy Just Cancelled All Galaxy Fold Preorders  Tom's GuideBest Buy cancels pre-orders for the Samsung Galaxy Fold  CNNView full coverage on Google News

FT.com - China, Economy & TradeMay 24, 2019
Who's paying for the US-China trade war?
US consumers are feeling the pain.

RELATED ARTICLES
Australia won't take sides in the US-China trade dispute, says former PM Gillard (CNBC Business)

Wall Street Journal US BusinessMay 24, 2019
At $2 Million, New Novartis Drug Is Priciest Ever
The world's most expensive medicine is about to hit the market.

MarketWatch MarketPulseMay 24, 2019
Novartis gets FDA nod for advanced breast-cancer treatment
Novartis AG said late Friday the U.S. Food and Drug Administration has approved one of its treatments for a type of advanced breast cancer afflicting patients carrying a gene mutation. The mutations are associated with tumor growth, resistance to endocrine treatment, and a poor overall prognosis, Novartis said. The treatment, Piqray, is the first ever for treatment specifically for the type of advanced breast cancer with the mutation, the company said. "We are proud to offer a new treatment option that specifically addresses the needs of the patients living with this mutation," Novartis' oncology Chief Executive Susanne Schaffert said in a statement. "We are grateful to our researchers' bold and unrelenting pursuit of a first-in-class treatment for this incurable disease, and to the patients, investigators and administrators who participated in the clinical trials leading to this remarkable milestone." American depositary shares of Novartis rose nearly 1% in the extended session Friday, after ending the regular trading day up 3.7%.

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.



NYTimes BusinessMay 24, 2019
A Fund to Support the Muslim American Community, Inside and Out
The founders of the Pillars Fund seek to strengthen a network of Muslim support groups while countering negative perceptions and stereotypes.

Reuters Company NewsMay 24, 2019
UPDATE 1-Novartis' breast cancer treatment wins FDA approval
The U.S. Food and Drug Administration (FDA) said on Friday that it had approved Novartis AG's treatment in combination with a hormone therapy for postmenopausal women, as well as for men, with a form of advanced breast cancer.

RELATED ARTICLES
UPDATE 4-Novartis $2 mln gene therapy for rare disorder is world's most expensive drug (Reuters Company News)

Google Business NewsMay 24, 2019
Zolgensma From Novartis Is The Most Expensive Drug Ever Approved : Shots - Health News - NPR
Zolgensma From Novartis Is The Most Expensive Drug Ever Approved : Shots - Health News  NPRThe US just approved a $2.1 million treatment for a devastating disease. It's the most expensive drug in the world.  Business InsiderFDA approves $2M medicine, most expensive ever  New York Post At $2M, priciest ever medicine treats fatal genetic disease  SF GateNovartis $2 million gene therapy for rare disorder is world's most expensive drug  ReutersView full coverage on Google News

MarketWatch MarketPulseMay 24, 2019
U.S. oil prices finish higher, but post worst week of the year
U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date. Traders continued to gauge the risk of an energy demand slowdown as the U.S. and China continue to grapple with their dispute on trade. "There was a violent repricing of risk on Thursday after the rather disappointing global Flash PMIs discounted the argument that solid growth will continue to underpin demand. And that, paired with ongoing trade war tensions led to the big declines" that left the market "to finish the week deep in the red," said Tyler Richey, co-editor at Sevens Report Research. July WTI oil rose 72 cents, or 1.2%, to settle at $58.63 a barrel on the New York Mercantile Exchange. After a 5.7% drop Thursday, front-month contract prices lost 6.8% for the week, according to Dow Jones Market Data.

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.



Washington Post BusinessMay 24, 2019
Stop the office AC overload: Study shows women are more productive when it's warmer
Men tend to perform better when the temperature is a bit cooler.

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How One of Today's Boldest Marketers Is Shattering Stigmas Inflicted on Women Worldwide (AdWeek News)

Reuters BusinessMay 24, 2019
Oil edges higher but set for biggest weekly loss of 2019
Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.

CNBC BusinessMay 24, 2019
Elon Musk's SpaceX raises over $1 billion this year as internet satellite production ramps up
SpaceX has raised just over $1 billion in financing since the beginning of the year.

Reuters BusinessMay 24, 2019
Wall Street week ahead: Trade protection doesn't have to exclude growth stocks
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

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Wall St Week Ahead-Trade protection doesn't have to exclude growth stocks (Reuters Company News)

The Motley FoolMay 24, 2019
Why Shares of ViaSat Are Higher on Friday
Strong results led to a price target boost.

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Why Shares of Total System Services Are Charging Higher on Friday (The Motley Fool)

Entrepreneur.comMay 24, 2019
How Sarah Pendrick Is Empowering the Next Generation of Women Entrepreneurs
The Founder of GirlTalk discusses her early beginnings and her commitment to inspiring women entrepreneurs.

Google Business NewsMay 24, 2019
WDAY Friday News Update - 05-24 | INFORUM - INFORUM
WDAY Friday News Update - 05-24 | INFORUM  INFORUMWisconsin Man Gets 2 Life Sentences For Kidnapping Jayme Closs, Murdering Parent  NPRJayme Closs' kidnapper sentenced to life in prison: Live updates  CNNWATCH LIVE 1:30: Jake Patterson sentenced in Barron County  WQOW TV News 18Wisconsin man gets life in prison in Jayme Closs case  Yahoo FinanceView full coverage on Google News

MarketWatch MarketPulseMay 24, 2019
Apple faces 'low likelihood' that its iPhones will be subject to tariffs, says Wedbush
Wedbush analyst Daniel Ives wrote Friday that Apple Inc.'s selloff due to escalating trade tensions with China looks overdone. "We continue to strongly believe that for a company that employs over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem...from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise," he wrote. "Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as [Chief Executive Tim] Cook's ability to navigate these issues in the past with Trump and K Street." He maintained an outperform rating and $235 target price on the stock, which has gained 14% so far this year, as the Dow Jones Industrial Average has increased 9%.

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.



RELATED ARTICLES
Pain of Tariffs Tests Farmers' Faith in Trump: ‘How Long Is Short-Term?' (NYTimes Business)

Reuters Company NewsMay 24, 2019
UPDATE 2-Maersk warns trade tensions are hurting shipping growth
* Maersk: global container traffic growth to be low end of 1-3% forecast

Chicago Tribune Business NewsMay 23, 2019
Chicago bank CEO Stephen Calk, who issued loans to Paul Manafort, pleads not guilty to bribery
Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.

...


RELATED ARTICLES
Federal Savings Bank CEO charged over loans to Manafort (FT.com - US)

Washington Post BusinessMay 23, 2019
Trump announces $16 billion in aid for U.S. farmers hit by trade war
The package announced at the White House is bigger than last year's $12 billion in emergency aid for farmers and ranchers caught in tariff showdowns.

Washington Post BusinessMay 23, 2019
Facebook removed 3 billion fake accounts over a six-month period
Facebook said it had removed more than 3 billion fake accounts over the past two quarters, a spike in inauthentic activity that the tech giant attributed to "unsophisticated" bad actors that are caught in the act of creating scores of fake profiles in batches.

RELATED ARTICLES
Facebook Removed Nearly 3.4 Billion Fake Accounts In 6 Months (NPR Topics: Business)

CNBC BusinessMay 23, 2019
Cramer: Investors are holding out hope for a trade deal — that's why the market hasn't bottomed yet
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.

Wall Street Journal US BusinessMay 23, 2019
Intuit Raises Outlook Amid TurboTax Scrutiny
Intuit raised its profit and sales outlook for the year, citing strong results in the latest quarter despite mounting legislative scrutiny over the business practices of its TurboTax tax-preparation software unit.

Brad IdeasMay 23, 2019
If you buy land that will be covered by rising seas, should the government help you?
Topic: Going GreenGovernance In Venice, Acqua Alta rising seas flood the streets many times each year. They plan expensive inflatable dams.

Evidence mounts that sea level rise can't be avoided now, absent some miracle of geoengineering, and maybe not even with that. Even if you're one of those who insists human pollution isn't the cause, the planet is getting warmer, the ice sheets are melting at extreme rates.

When it comes to sea level rise, it's simple to know who will be affected. We know the height of all the land. We don't know the date the seas will reach that level, and we don't know what level they will finally reach before we fix things, but as time passes, we will get better handles on that.

For the people living on low-lying land, there will be calls for the government to help them, at the expense of those on higher ground. There will be efforts to build levees. Houses will be raised on stilts. There will be emergency funds during floods, and eventual funds to help people move.

What if governments declare today that this is coming. That a deadline approaches. Pick your date, but imagine Jan 1, 2030, a date before serious rise will appear.

Anybody who bought their land after the deadline would no longer be eligible to receive government assistance for problems caused by global warmi


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NYTimes BusinessMay 23, 2019
Deutsche Bank Leaders, Facing Angry Investors, Survive Vote
At its annual shareholders meeting, the bank's chairman faced pressure to resign amid a money-laundering scandal and meager profits.

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Deutsche Bank plans cuts in U.S. equities, prime unit: sources (Reuters Business)
Deutsche Bank Investors, Armed With a List of Complaints, Face Managers (NYTimes Business)

Reuters MoneyMar 29, 2019
U.S. government weighs social-media snooping to detect Social Security fraud
Getting followed on social media could soon gain a new meaning for workers applying for Social Security disability benefits. The Trump administration is working on a plan to let the Social Security...
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