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MarketWatch MarketPulseFeb 18, 2020
China marketing company Acorn shares hit as exec chair pulls bid over coronavirus fears
U.S.-listed shares of China brand and marketing company Acorn International Inc. slid 10% Tuesday, after its executive chairman said he was pulling an offer for the company made in November because of risks relating to the coronavirus. Robert Roche said in a letter to the Shanghai-based company that he and shareholders of a buyer vehicle were not willing to pursue a $19.50 per American Depositary Share offering made in a Nov. 4 letter. The parties are willing to continuing talks with a special committee formed to review the offer. "No additional terms or proposals have been discussed at this time and there can be no assurance that negotiations will continue or that a revised offer will be made, that any agreement related to the Acquisition will be reached, or that the Acquisition or any other similar transaction will be consummated," said the letter. Shares have fallen 42% in the last 12 months, while the S&P 500 has gained 22%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Market Snapshot: Stocks trade lower after Apple says coronavirus outbreak will hurt sales (MarketWatch)
WRAPUP 8-China sees fall in coronavirus deaths, WHO urges caution, Apple takes hit (Reuters Company News)

Reuters Company NewsFeb 18, 2020
PRECIOUS-Gold back above $1,600/oz as Apple's virus warning lifts safety demand
Gold surged over 1% on Tuesday to fetch more than $1,600 an ounce as Apple Inc's surprise warning about the impact of the coronavirus outbreak fueled concerns about global economic weakness, driving investors to lower-risk assets.

Stocks slide on Apple's virus warning, euro near three-year low (Reuters Business)

Wall Street Journal US BusinessFeb 18, 2020
Coronavirus Exposes Businesses' Dependency on China
Cities have been locked down, logistics and the movement of people hampered, and consumer demand dented, leaving companies—both Chinese and foreign—grappling to resume operations.

Reuters BusinessFeb 18, 2020
Wall Street dragged down by Apple's shock sales warning
U.S. stocks dropped on Tuesday after a surprise sales warning from technology bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.

US STOCKS-Wall Street dragged down by Apple's shock sales warning (Reuters Company News)

Reuters Company NewsFeb 18, 2020
GLOBAL MARKETS-Stocks slide on Apple's virus warning, euro near three-year low
* Apple will miss quarterly revenue target due to coronavirus

Wall Street Journal US BusinessFeb 18, 2020
Trump Says He Supports Selling U.S. Jet Engines to China
President Trump said he would support the continued export of U.S.-made jet engines to China, taking sides in a dispute within the administration about restricting high-tech exports over piracy concerns.

Trump blasts proposed restrictions on selling U.S. jet parts to China (Reuters Business)
UPDATE 2-Trump blasts proposed restrictions on selling U.S. jet parts to China (Reuters Company News)

MarketWatch MarketPulseFeb 18, 2020
Macy's stock takes a dive after S&P cuts credit to 'junk'
Shares of Macy's Inc. took an midday dive Tuesday, after S&P Global Ratings downgraded the department store chain's credit to "junk" status, citing a weaker profitability outlook after the company unveiled its three-year strategic plan. The stock was down 3.9%, after being down about 1.4% prior to the downgrade. S&P cut its rating one notch to BB , which is the highest speculative grade rating, from BBB-. The rating's outlook is stable. S&P said Macy's three-year "Polaris" plan, which includes a significant reduction of the store network, focus on growth in private label brands and off-price stores and cost cutting, has "considerable" execution risks. "While we believe management's strategic plan is a necessary step toward rightsizing the enterprise, it demonstrates to us that the company's competitive advantage has diminished more than we expected, and to a point that we no longer believe is consistent with an investment-grade rating," S&P wrote in a research note. "We now project operating performance will deteriorate over the next several quarters, with declines in comparable same-store sales." Fellow rating agencies Moody's Investors Service rates Macy's at Baa3, the lowest investment-grade rating, and said last week that the strategic plan was "credit positive." Macy's stock has lost 5.1% over the past three months, while the SPDR S&P Retail ETF has eased 0.1% and the S&P 500 has gained 7.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Reuters Company NewsFeb 18, 2020
UPDATE 5-Walmart sees slower online sales growth after tepid holiday quarter
Walmart Inc on Tuesday forecast online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online.

Walmart sees slower online sales growth after tepid holiday quarter (Reuters Business)
Walmart disappoints with weak Christmas sales ( - US)

CNBC FinanceFeb 18, 2020
Leon Cooperman says the market has become too pessimistic on energy stocks, too euphoric on Tesla
"The fact is if the economy grows, energy demand is going to grow," Cooperman told CNBC.

Tesla analyst sees no negative catalyst on horizon — and stock spikes to $850 (MarketWatch Breaking News)
The Ratings Game: Tesla's stock spikes above $850 after Bernstein sees no ‘imminent' negative catalyst (MarketWatch)

MarketWatch MarketPulseFeb 18, 2020
Dow opens lower after Apple warns of coronavirus hit
U.S. stocks opened lower on Tuesday as traders returned from the long holiday weekend to see Apple's statement that it would miss its guidance due to COVID-19, which has kept Chinese workers at home and away from factory floors. The S&P 500 fell 0.3% to 3,370. The Dow Jones industrial Average shed 109 points, or 0.4%, to 29,286. The Nasdaq Composite was down 0.3% to 9,701. On Friday, the S&P 500 and Nasdaq closed at records. Investors are increasingly sensitive to signs that the coronavirus outbreak could disrupt global supply chains, as Chinese factories struggle to return to full-capacity after the Lunar New Year holidays. Apple Inc. warned that it would miss its second-quarter guidance due to the coronavirus. In other news, Franklin Resources , the holding company for Franklin Templeton, said it was buying asset manager Legg Mason.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Accounting TodayFeb 18, 2020
Bloomberg vows tougher Wall Street rules, transactions tax
Michael Bloomberg is proposing a financial transactions tax of 0.1 percent and merging Fannie Mae and Freddie Mac as part of a proposal for regulating Wall Street for a financial system "strong enough to weather crises without harming the broader economy or requiring taxpayer bailouts."

Mike Bloomberg releases plan to rein in Wall Street (CNBC Business) - China, Economy & TradeFeb 18, 2020
Coronavirus latest: Global outlook darkens as companies and economies feel the pinch
Chinese telecoms company takes more aggressive stance in US

Coronavirus death toll rises, rattles global markets (Yahoo Business)

The Motley FoolFeb 18, 2020
Gardner Denver Holdings, Inc. (GDI) Q4 2019 Earnings Call Transcript
GDI earnings call for the period ending December 31, 2019.

MarketWatch Breaking NewsFeb 18, 2020
What Apple, Walmart and other companies are saying about coronavirus outbreak
What Apple, Walmart and other companies are saying about coronavirus outbreak

MarketWatchFeb 18, 2020
Market Extra: The hedge-fund investor who has beaten Warren Buffett by 200x likely made a killing on Tesla
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker's shares catapulted higher, according to public filings.

Reuters BusinessFeb 18, 2020
Hedge funds use DIY strategies to gauge coronavirus impact
As investors crunch numbers to determine how the coronavirus will hit China's economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

Oil falls nearly 1% on virus impact, OPEC delay (Reuters Business)
UPDATE 7-Oil falls nearly 1% on virus impact, OPEC delay (Reuters Company News) Updates: News DigestFeb 18, 2020
8-K - Genprex, Inc. (0001595248) (Filer)
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Item 1.01: Entry into a Material Definitive Agreement
Item 8.01: Other Events
Item 9.01: Financial Statements and Exhibits

424B2 - Citigroup Global Markets Holdings Inc. (0000200245) (Filer) ( Updates: News Digest) Updates: News DigestFeb 18, 2020
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Yahoo BusinessFeb 18, 2020
Billionaire Ray Dalio Pulls the Trigger on 3 "Strong Buy" Stocks
As coronavirus fears run rampant throughout the world, investors are turning to Wall Street titans for guidance, namely Ray Dalio. Founding hedge fund Bridgewater Associates in 1975, the firm now boasts $160 billion worth of assets under management, with Dalio alone estimated to be worth $18.7 billion.Dalio, who has looked at the impact of past pandemics and virus outbreaks on the market, called the current reaction to the coronavirus overblown, noting that the concerns "probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that..." He added, "It most likely will be something that in another year or two will be well beyond what everyone will be talking about."While the billionaire does acknowledge that it's difficult to gauge what the full extent of the virus will be, he argues that diversifying across currencies, asset classes and geographical regions could prove to be the best strategy. Additionally, Dalio believes investors should pay attention to issues related to wealth and political gaps, the emergence of China, technology and the environment that could emerge from the public health crisis."What concerns me most if you did have a downturn -- we are now 11 years in expansion -- whether that's one, two, three years forward, with the larger polarity that exists, the wealth gap and the political gap," Dalio commented.Looking into Bridgewater's basket of stocks, we've chosen three of the fund's new holdings that TipRanks' Stock Screener reveals as "s

Reuters Company NewsFeb 18, 2020
EMERGING MARKETS-Latam assets shaky on fears of virus impact on companies
Latin American stocks and currencies slipped on Tuesday, after Apple Inc's sales warning stoked worries of how the coronavirus outbreak in China could affect companies and global supply chains. The world's most valuable technology company said it will miss its March quarter

Reuters Company NewsFeb 18, 2020
UPDATE 2-Franklin Resources to buy Legg Mason as investors move towards passive funds
Asset manager Franklin Resources Inc said on Tuesday it would buy rival Legg Mason Inc in a $4.5 billion deal as it looks to navigate through the changing preferences of investors for low-cost index tracking funds.

Franklin Templeton agrees to buy Legg Mason for $6.5bn ( - Financial Markets) Updates: News DigestFeb 18, 2020
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Wall Street Journal US BusinessFeb 18, 2020
Bloomberg Proposal Would Stiffen Wall Street Oversight
Michael Bloomberg unveiled a raft of proposals to strengthen oversight of lenders and protect consumers, a move that positions the billionaire former New York City mayor closer to the rest of the Democratic presidential field.

Google Business NewsFeb 18, 2020
HSBC's Headless Restructuring Plan - The Wall Street Journal
HSBC's Headless Restructuring Plan  The Wall Street JournalHSBC plans to cut 35,000 jobs as profit drops 33%  CNNHSBC to Fire as Many as 35,000  msnNOWHSBC Is No Man's Land for Quinn or Anyone Else  BloombergHSBC net profit falls 53%, bank to sell assets - China, Economy & TradeFeb 18, 2020
Coronavirus hits return to work at Apple's biggest iPhone plant
Huge factory complex struggles to move to full production after extended holiday for lunar year

Coronavirus restrictions hit return to work at Apple's biggest iPhone plant - Financial Times (Google Market News)

CNBC BusinessFeb 18, 2020
Coronavirus live updates: Sanofi working on vaccine with US health agency, Jaguar faces parts shortage
As of Tuesday, more than 73,400 cases of the coronavirus have been confirmed, including at least 1,874 deaths.

UPDATE 2-Sanofi teams up with U.S. agency against coronavirus (Reuters Company News)

Google Business NewsFeb 18, 2020
Save on leather iPhone cases, the 16-inch MacBook Pro, and more - The Verge
Save on leather iPhone cases, the 16-inch MacBook Pro, and more  The VergeApple Signals Coronavirus's Threat to Global Businesses  The New York TimesApple revenue will be hit as coronavirus creates iPhone supply shortages, company warns  CNNApple Is Handcuffed to the iPhone. Just Like Its Customers  Bloomberg - China, Economy & TradeFeb 18, 2020
Jaguar Land Rover rushes parts out of China in suitcases
Carmaker has enough components to continue UK production for only two weeks

Enterprise Application NewsFeb 18, 2020
Apple sticks with March iPhone event despite coronavirus
Apple is reportedly still gearing up for a late March special event to introduce the much-expected iPhone 9, though production of any new iPad Pro models may have been affected by the coronavirus pandemic.

Calling change in a spooky market In January, a report claimed a March launch for the device. More recently, Germany's said Apple intends to host the event on March 31, with the iPhone 9 (or iPhone SE2, as some call it) set to ship April 3. This was followed by a report from Bloomberg, which said Apple is still going for a March launch, but warns the plans may change.

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Reuters BusinessFeb 18, 2020
Walmart sees slowing online sales growth after lackluster holiday quarter
Walmart Inc forecast slowing online growth for the year on Tuesday after reporting weak results for the holiday quarter that suggested it was leaking sales to

The Motley FoolFeb 18, 2020
Jeff Bezos Pledges $10 Billion Combat Climate Change: What You Need to Know
Find out why the Amazon founder is giving away $10 billion.

The Motley FoolFeb 18, 2020
Bed Bath & Beyond to Sell in Streamlining Effort
The brick and mortar shopping venue continues to reconfigure itself in a way that tightens its focus and raises cash.

Google Business NewsFeb 18, 2020
Coronavirus 20 times more deadly than the flu? Death toll approaches 2,000 - USA TODAY
Coronavirus 20 times more deadly than the flu? Death toll approaches 2,000  USA TODAYLiu Zhiming, hospital director in Wuhan, confirmed dead from coronavirus  New York Post Hospital director dies in Wuhan as China designates dead nurses and doctors as 'martyrs'  CNNChina sees fall in coronavirus deaths but WHO urges caution  ReutersLive updates: D

Reuters BusinessFeb 18, 2020
Jaguar Land Rover's UK output at risk from coronavirus-hit supplies
Jaguar Land Rover (JLR) has flown Chinese parts in suitcases to Britain to maintain production and could run out after two weeks as the impact of the coronavirus outbreak hits firms across countries and industries.

Entrepreneur.comFeb 18, 2020
If You're In Need of a New Logo for Your Business, You Should Know About This $40 Tool
Stop, look, and listen before you go hiring a design firm.

Forbes Social Media NewsFeb 18, 2020
Why Jeff Bezos Picked Instagram To Make A Major Climate Change Announcement
In an Instagram post, Bezos explained how saving the earth is the one thing we all agree about. Updates: News DigestFeb 18, 2020
NPORT-P - FMI FUNDS INC (0001023391) (Filer)
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8-K - Koppers Holdings Inc. (0001315257) (Filer) ( Updates: News Digest)

Yahoo BusinessFeb 18, 2020
Kroger, Alibaba, Bed Bath & Beyond, Apple: Companies to Watch
Kroger, Alibaba, Bed Bath & Beyond and Apple are the companies to watch.

Reuters BusinessFeb 18, 2020
Oil falls below $57 on virus impact, OPEC delay
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.

Google Business NewsFeb 18, 2020
'Did you hear the latest con job?': Trump and Obama spar over who should get credit for robust US economy - Business Insider
'Did you hear the latest con job?': Trump and Obama spar over who should get credit for robust US economy  Business InsiderTrump fires back after Obama claims credit for economic boom: 'Con job'  Fox NewsBiden's Stuck Between Barack and a Hard Place  RealClearPoliticsObama pushes Trump's button on economy. Trump responds: ‘Did you hear the latest con job?'  The Washington Post

Yahoo BusinessFeb 18, 2020
Elon Musk Calls Bill Gates Underwhelming After Billionaire Buys a Porsche
(Bloomberg) -- Bill Gates paid Tesla Inc. a compliment for coaxing the car industry to go electric. If he was expecting kind words in return from Elon Musk, he apparently shouldn't have spoken about challenges that still lie ahead -- or about his new Porsche.Gates, the billionaire co-founder of Microsoft Corp., spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change. He called the passenger-car industry "one of the most hopeful" sectors taking action in this regard."And certainly Tesla, if you had to name one company that's helped drive that, it's them," Gates told YouTuber Marques Brownlee.Then Gates discussed recently buying a Porsche Taycan. While he called the electric sports car "very, very cool," he acknowledged its premium price -- the initial Turbo S models start at $185,000 -- and said consumers still have to overcome anxieties about EVs offering limited range and taking longer to recharge. Gasoline-powered cars travel longer between quick refuels at stations that outnumber charging points.When a Tesla enthusiast posted about being disappointed in Gates's decision to buy a Taycan instead of a Tesla and his comments about range anxiety, Musk replied: "My conversations with Gates have been underwhelming tbh."Musk, 48, is of course no stranger to tweeting dismissively about fellow billionaires. The Tesla chief executive officer questioned Facebook Inc. CEO Mark Zuckerberg's understanding of artificial intelligenc - USFeb 18, 2020
Glencore to shake up its top tier with younger leaders
‘Senior changes coming' at commodities trader, says chief Glasenberg

Forbes Social Media NewsFeb 18, 2020
Survey: US Consumers Love Online News But Won't Pay For It
A new international survey sheds light on the news consumption habits of Americans and Europeans, with some sobering implications for content sites and advertisers.

NYTimes BusinessFeb 18, 2020
HSBC Plans to Cut 35,000 Jobs, Weighed Down by Virus and Hong Kong Unrest
The London-based bank aims to cut $4.5 billion in costs and scale back its Western operations.

The Motley FoolFeb 18, 2020
Why ImmunoGen Shares Are Sinking Today
Investors appear to be taking profits off the table after the biotech's positive Q4 update.

UPDATE 2-Air Canada profit misses on 737 MAX grounding costs, shares fall (Reuters Company News)

Yahoo BusinessFeb 18, 2020
Bloomberg's new plan to crack down on Wall Street includes a financial transaction tax
Democratic presidential candidate Mike Bloomberg unveiled a plan on Wednesday to crack down on Wall Street.

CNBC BusinessFeb 18, 2020
Walmart earnings and outlook fall short as holiday season disappoints
Walmart saw weak demand for toys, apparel and video games during the holiday season.

Reuters Company NewsFeb 18, 2020
UPDATE 1-Fluor discloses SEC probe, pares asset sale plans; shares fall
Fluor Corp said on Tuesday the U.S. Securities and Exchange Commission (SEC) is investigating the engineering and construction firm's past accounting and financial reports for possible errors, sending its shares down 8.7% before bell.

MarketWatch MarketPulseFeb 18, 2020
Bloomberg to push for financial transactions tax and Fannie-Freddie merger
A spokeswoman for Mike Bloomberg told the New York Times he will push for a financial transactions tax of 0.1% and a merger of housing finance giants Fannie Mae and Freddie Mac . The plan, which the Democratic presidential candidate is set to unveil, will also call for toughening the Volcker Rule and having the Justice Department create a dedicated team to fight corporate crime. Bloomberg's fortune has come through his eponymous Bloomberg LP service that caters to Wall Street clients.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

HSBC misses expectations on 2019 pre-tax profit, will cut 35,000 jobs (CNBC Finance)

Google Business NewsFeb 18, 2020
Japan to trial HIV medications on coronavirus patients - Fox News
Japan to trial HIV medications on coronavirus patients  Fox NewsWhy did US break Diamond Princess coronavirus quarantine? 'Something went awry'  USA TODAYJapan to start trials using HIV treatment for coronavirus: Suga  ReutersCoronavirus: Americans from quarantined cruise ship flown from Japan - BBC News  BBC NewsCoronavirus cases nearly doubl

Coronavirus: Japan to trial HIV retroviral drugs on patients - latest news - The Guardian (Google Market News)

Yahoo BusinessFeb 17, 2020
Dairy Farmers of America agrees to buy 'substantial' part of Dean Foods for $425 million
Dairy Farmers of America agreed to buy a "substantial" part of Dean Foods, the largest U.S. milk producer, for $425 million.

Dairy Farmers Strike $425 Million Deal for Dean Foods Assets (Wall Street Journal US Business)
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