BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'stocks'. (Return)

MarketWatchMay 24, 2019
In One Chart: This chart shows the Trump trade bump has ‘evaporated' for Chinese stocks
China's Shanghai Composite reverses all its gains since President Donald Trump's remarks that the U.S. was "very, very close" to a trade deal.

RELATED ARTICLES
Wall Street gains as trade tensions ease (Reuters Business)
US STOCKS SNAPSHOT-Wall St opens higher as trade worries ease (Reuters Company News)

Reuters Company NewsMay 24, 2019
CANADA STOCKS-TSX recovers slightly at open as oil prices steady
Canada's main stock index rose at open on Friday after two days of sharp declines as crude prices recovered and supported advances in the energy sector.

RELATED ARTICLES
CANADA STOCKS-TSX futures rise on higher oil prices (Reuters Company News)

MarketWatch MarketPulseMay 24, 2019
Total System Services stock rises after Bloomberg reports of merger talks with Global Payments
Shares of Total System Services Inc. are up more than 6% in premarket trading Friday after Bloomberg reported that the company has engaged in talks with Global Payments Inc. about a potential merger. The companies also discussed potential joint ventures and other ways they could work together without merger, according to Bloomberg, which cites an anonymous source. Total System Services and Global Payments didn't immediately respond to MarketWatch's request for comment. "It seems like the race is on for creating the third two-sided network platform, servicing both [financial institutions] and merchants," wrote Wedbush analyst Moshe Katri. "TSS remains one of the least expensive names in the space." Payments peers Fidelity National Information Services Inc. and Worldpay Inc. announced plans to combine back in March, while Fiserv Inc. and First Data Corp. announced their own merger plans in January. Piper Jaffray analyst Jason Deleeuw wrote that he expects any merger between Total System Services and Global Payments to be a cash and stock deal, "like the other two processing mega-mergers announced this year." Total System Services shares have gained 23% so far this year, as the S&P 500 has risen 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.



CNBC FinanceMay 24, 2019
Stocks making the biggest moves premarket: Foot Locker, Amazon, HP Inc, Autodesk & more
Names on the move ahead of the open.

RELATED ARTICLES
Snap shares climb 2.7% premarket on WSJ report of talks with major music labels (MarketWatch MarketPulse)

Reuters BusinessMay 24, 2019
Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits
World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May's resignation briefly sent sterling fluctuating wildly.

RELATED ARTICLES
GLOBAL MARKETS-Stocks climb on muted trade hopes, sterling yo-yos as PM May quits (Reuters Company News)

MarketWatch MarketPulseMay 24, 2019
Dow appears set for longest weekly losing streak in 8 years
The Dow Jones Industrial Average on Friday was gaining to close out a mostly downbeat trading stretch, but the gains don't appear to be sufficient for the blue-chip to avoid its longest weekly string of losses in about eight years. The Dow was set for a weekly decline of 0.5%, even as the benchmarks rose 150 points, or 0.6%, at 25,640. If the gauge logs a weekly loss it would be its fifth straight, representing the longest such weekly skid since a six-week slump ended June 10, according to FactSet data. Meanwhile the S&P 500 index was trading 0.6% higher, on track for a weekly slump of 0.7%, while the Nasdaq Composite Index gained 0.8% at 7,689, but set for a weekly decline of 1.6%. Both indexes are on track for their third straight weekly declines.

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.



MarketWatch MarketPulseMay 24, 2019
Dow rises 150 points at start of Friday action but poised for 5th weekly loss in a row ahead of Memorial Day
U.S. stocks opened higher on Friday, capping a mostly downbeat week for equities, weighed by U.S.-China trade tensions, which put the three main indexes on track to post consecutive weekly losses heading into the Memorial Day holiday. The Dow Jones Industrial Average rose 150 points, or 0.6%, at 25,651, set for a weekly slump of 1.1% and its fifth straight weekly loss, as of Thursday's close, the S&P 500 index rose 17 points, or 0.6%, at 2,839, poised for a 1.3% weekly skid. Meanwhile, the Nasdaq Composite Index advanced 0.8% at 7,685, but was on pace for a 2.4% weekly slide as of Thursday's finish. The main political news for the day centered on apparent softening of trade tensions between the U.S. and China and Theresa May's announced resignation as U.K. prime minister amid her failed attempts at Brexit. In economic news, orders for durable goods-products designed to last at least three years, such as cars and appliances-fell 2.1% from the prior month to a seasonally adjusted $248.4 billion in April, the Commerce Department said Friday. Meanwhile, yields on government debt rose somewhat after the 10-year Treasury month hit its lowest rate since 2017 in Thursday trade as heightened tariff anxieties, among many other factors, helped to drive bond prices up and yields lower. The 10-year Treasury note yield was at 2.33% in recent action. U.S. markets will be closed on Monday in observance of Memorial Day and the bond market will close an hour early at 2 p.m. Eastern Time on Friday.

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.



MarketWatch MarketPulseMay 24, 2019
Alibaba stock rises after Stifel adds company to its 'select list'
Stifel analyst Scott Devitt elevated Alibaba Group Holding Ltd. shares to his firm's "select list" on Friday as he reiterated a bullish view of the company in the face of escalating trade tensions between the U.S. and China. Alibaba shares are up 1.3% in premarket trading Friday. "While it is impossible to predict the timing of resolution of certain macro events, we believe the recent pullback has created an opportunity to own shares with a long-term investment horizon," he wrote. "Cross-border business between the U.S. and China is a relatively small component of total company revenue. Long-term secular trends such as the growing middle class and the economy shifting more towards services are more important to Alibaba's long-term growth trajectory." Alibaba shares have gained 14% so far this year, as the S&P 500 has risen 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.



MarketWatch MarketPulseMay 24, 2019
Hibbett shares soar after earnings blow past estimates, guidance raised
Hibbett Sports Inc. shares soared 16.6% in Friday premarket trading after the athletic retailer reported first-quarter earnings that blew past estimates and the company raised its guidance. Net income totaled $27.4 million, or $1.48 per share, up from $21.5 million, or $1.12 per share, last year. Adjusted EPS was $1.61, blowing past the $1.32 Factset consensus. Revenue totaled $343.3 million, up from $274.7 million last year and ahead of the $327.0 million FactSet estimate. Same-store sales rose 5.1% while FactSet expected a 0.7% same-store sales decline. Same-store sales will not include City Gear until the fourth quarter of fiscal 2020. Hibbett announced its acquisition of City Gear, a specialty athletic retailer with 135 stores across 15 states, in October 2018. "We believe our improved web traffic and mobile app, along with continued traction in buy online, pickup in-store, are translating to traffic in our stores and online," said Hibbett Chief Executive Jeff Rosenthal. The company is undergoing a realignment of its stores, with three new stores opened in the quarter, two Hibbett stores rebranded as City Gear shops, one expansion of a "high-performing" Hibbett, and 24 store closures. Hibbett plans to close 95 underperforming stores in fiscal 2020. For the year, Hibbett raised its same-store sales estimate to a 0.5% to 2.0% increase, up from a previous 1% decline to 1% growth. EPS is expected to be $1.70 to $1.85, up from $1.50 to $1.70. Adjusted EPS is now expected to be $2.00 to $2.15, up from $1.80 to $2.00. FactSet is guiding for EPS of $1.90 and same-store sales growth of 0.8%. Hibbett stock has climbed 38.6% for the year to date while the S&P 500 index is up 12.6%.

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.



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.



Google Business NewsMay 23, 2019
2013-2019: Tesla Sales Jump From ~20000 Per Year To ~20000-30000 Per Month ... But Tesla Stock (TSLA) Barely Up - CleanTechnica
2013-2019: Tesla Sales Jump From ~20000 Per Year To ~20000-30000 Per Month ... But Tesla Stock (TSLA) Barely Up  CleanTechnicaTesla is on track to snap a 6-day losing streak even as analysts' concerns mount (TSLA)  Business InsiderIs the Tesla Stock Beating Over or Just Beginning?  TheStreet.comTesla (TSLA) Stock Snaps Six-Day Losing Streak, but Here's the Real Reason You Should Be Bearish  HackedThese Bearish Tesla Option Trades Suggest More Downside Could Be Ahead  BenzingaView full coverage on Google News

MarketWatch MarketPulseMay 23, 2019
House overwhelmingly passes retirement bill that would lift IRA age cap, aid small employers
The House of Representatives on Thursday passed a key bipartisan retirement bill, voting 417-3 in favor of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The measure aims to boost the use of annuities, improve the retirement plans offered by small employers, raise the age cap for IRA contributions and deliver other changes to the retirement system. The related bill in the Senate is known as the Retirement Enhancement and Savings Act, or RESA. "I encourage the Senate to follow our lead and swiftly pass this important bill that goes a long way in helping American families prepare for a financially secure retirement," said Massachusetts Democratic Rep. Richard Neal, one of the SECURE Act's co-sponsors, in a statement.

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.



MarketWatch MarketPulseMay 23, 2019
Purchase intent for Apple's iPhones in China reaches 'lowest level ever,' says UBS
UBS analyst Timothy Arcuri wrote Thursday that purchase intent for Apple Inc.'s looks to be stabilizing in most of the world, except for in China. His firm's survey of smartphone owners found that only 17% of Chinese respondents plan to purchase an iPhone in the next 12 months, compared with 22% when the survey was last conducted in October. "The survey has been directionally accurate in predicting demand for the next 12 months," Arcuri wrote. He said that Apple's China numbers face easier comparisons going forward but are still high in the next six months. "We do think a nationalistic movement - similar to the one we saw at the time of the arrest of Huawei's CFO in November - seems quite probable and would impact iPhone sales," Arcuri wrote of trade tensions between the U.S. and China. He cut his price target to $225 from $235 but maintained a buy rating on shares, which are off 2.4% in Thursday's session. Apple's stock has gained 13% so far this year, as the Dow Jones Industrial Average has risen almost 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.



KiplingerMay 23, 2019
10 Buy-and-Hold Stocks to Own Forever
Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.

General Motors (GM) was a classic "widows and orphans" stock until last decade, when GM wound up going bankrupt. United States Steel (X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.

But there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way.

Here are ten such retirement stocks to hold forever.

SEE ALSO FROM KIPLINGER: 19 Best Retirement Stocks to Buy

TRENDING TAGS
Tradewar China Trump Global US-China
Chinatrade US-China Huawei war Trump
Trumptrade China Pelosi war administration
Stockstrade oil higher Global open
Wartrade Trump China shares US-China
FacebookFake Accounts Billion removed Nearly
MemorialDay These deals weekend military
CEObank Manafort loans Chicago charged
businessMemorial Day deals veterans military
Yearlow Growth trade Tesla Yield

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2019 CEOExpress Company LLC