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China said it plans to sanction Lockheed Martin over its role in a $620 million U.S. arms package for Taiwan, Beijing's latest retaliatory gesture amid mounting pressure from Washington.
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 Shares of Tesla Inc. are up more than 4% in premarket trading Tuesday after Piper Sandler analyst Alexander Potter raised his price target on the stock to $2322 from $939, writing of "faster-than-expected share gains" and big opportunities in software. Though Tesla shares have rocketed nearly 260% on the year and the stock's valuation is 88 times higher than it was after its 2010 initial public offering, Potter said that "resoundingly" his conclusion is to stick with the stock. "While deliveries are a key driver of our increased near-term estimates, software is the biggest driver of our increased DCF-based price target," he wrote in a late Monday note to clients. "Tesla has noted the possibility for 30% gross margins if/when more customers opt-in for purchasing the company's full self-driving (FSD) software." That could help Tesla record operating margins in the "mid-20s" by the end of Potter's 20-year forecast period, even if only half of customers go for the full self-driving software. "Thanks to the high-margin nature of the FSD package, we think that by the 2030s, Tesla could conceivably be selling vehicles at cost - or even below cost - while still achieving higher operating margins," he wrote. Tesla shares have surged 60% in the past month alone as the S&P 500 has added about 4%.
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.
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Delta Air Lines trimmed plans for more summer flights as Covid-19 cases increased nationwide and a $5.7 billion loss for the latest quarter underscored the depth of the crisis facing the aviation industry.
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Google Cloud is racing to roll out new features and services aimed at helping its enterprise customers maintain business continuity during the coronavirus pandemic, including a new security product expected to launch Tuesday, said Thomas Kurian, chief executive of the Google LLC unit.
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U.S. stock futures were higher early Tuesday as quarterly results from the major banks started rolling in.
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UK bans Huawei from its 5G network in rapid about-face CNNUK says it will ban Huawei from 5G networks in major U-turn CNBCHuawei to be frozen out of UK 5G network from 2021 - BBC News BBC NewsWhat is Huawei and why is its role in UK's 5G so controversial? The GuardianINSS: Demand better conditions from US for playing
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These two stocks will reward investors who are in it for the long haul.
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JP Morgan Chase said it earned a profit of $4.69 billion, or $1.38 per share. That's down 51% from a year ago. The results offer a glimpse into how badly the pandemic is impacting the financial health of American consumers and businesses.
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Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.
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Dow Jones Today Up On Boeing Contract, JPMorgan Q2; Futures Rise, Tesla Leads Nasdaq: Ford Gets A Bronco Boost Investor's Business DailyJPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit CNBCJPMorgan announces it will suspend buybacks through end of the third quarter CNBC TelevisionJPMorgan beats on earnings but Dimon warns on 'much uncertainty' Yahoo FinanceThis bank's earnings c
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JPMorgan Chase will be closely watched for clues on how the coronavirus pandemic is impacting banks' retail and institutional businesses.
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The stocks making the biggest moves in premarket trading include JPMorgan, Delta, Alphabet, Ford, Tesla, and more.
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Some sources are complaining that Moderna is attempting to "test every boundary" with its COVID-19 vaccine development. But that might not be a bad thing.
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 Top news and what to watch in the markets on Tuesday, July 14, 2020.
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US COVID-19 vaccine program to start manufacturing by late summer, says US official - The Jakarta Post Jakarta PostRussia Coronavirus Vaccine Could Be Distributed Next Month NewsweekRussia Completes Human Trials Of Covid-19 Vaccine ForbesPolitics endanger COVID-19 vaccine The Boston Globe
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Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item 9.01: Financial Statements and Exhibits
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 The cost of consumer goods and services rose in June for the first time in four months largely because of higher gasoline prices, but inflation more broadly remained low and is likely to stay that way during the pandemic. The consumer price index jumped 0.6% last month.
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Bill Gross says the dominance of Amazon, Microsoft and other technology giants throughout this year's stock-market slump and recovery won't last if inflation-adjusted bond yields rebound from their record low.
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Finally, it's the new Ford Bronco Top GearFord unveils new Bronco as off-road, open-air Jeep rival for under $30,000 CNBCTested: 1978 Ford Bronco Takes the SUV Out of the Dark Ages Car and Driver2021 Ford Bronco SUV revealed with retro styling and off-road tech Fox News2021 Bronco Family World Premiere | Ford Ford Motor Company
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Top news and what to watch in the markets on Tuesday, July 14, 2020.
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Measures are latest sign of chilling relations between Beijing and Washington
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The leading online travel specialist and media stock are trading 19% to 24% off their all-time highs. Let's see which one will bounce back first.
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China will sanction Lockheed Martin over arms sales to Taiwan CNNChina says to sanction Lockheed Martin over Taiwan arms sale ReutersChina sanctions Lockheed Martin over Taiwan arms sales, but impact is minimal The Washington Post
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'Glee' Star Naya Rivera Remembered on Lakeshore Where Her Body Was Found Bloomberg QuickTake NewsNaya Rivera dead at 33: Officials confirm body recovered from Lake Piru is 'Glee' star Yahoo Entertainment'Glee' actress Naya Rivera 'mustered enough energy' to rescue her son 'but not enough to save herself,' authorities say CNNNaya Rivera dead at 33: 'Glee' actress drowned in accident Los Angeles TimesNaya Rivera Took a Basic
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Our call of the day, from Nordea's Sebastien Galy, says the mad rush for tech stocks is going to end in pain for some investors.
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The bank also saw record trading revenue in a quarter where the bank's net income beat estimates.
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Delta deepened its losses because of the coronavirus pandemic.
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Our call of the day, from Nordea's Sebastien Galy, says the mad rush for tech stocks is going to end in pain for some investors.
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Boris Johnson's government says existing kit must also be stripped from 5G networks by 2027
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Delta Air Lines Inc. stock fell nearly 1% in Tuesday premarket trading after the airline reported second-quarter losses that were wider than expected. Delta's net loss was $5.72 billion, or $9.01 per share, after net income of $1.44 billion, or $2.21 per share, last year. Adjusted losses were $4.43 per share. The FactSet consensus was for a loss of $4.16. Revenue totaled $1.47 billion, down from $12.54 billion last year but ahead of the FactSet consensus for $1.39 billion. Passenger revenue for the quarter fell 94% to $678 million, and cargo revenue was down 42% to $108 million. "Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery," said Delta Chief Executive Ed Bastian in a statement, emphasizing the "staggering impact of the COVID-19 pandemic on our business." Delta ended the quarter with $15.7 billion in liquidity, and reduced its daily cash burn in June by 70% compared to late March, down to an average of $27 million. And the company has gotten $5.4 billion in grant funds and unsecured loans through the CARES Act, which will be paid in installments through July 2020. Maturities on $1.3 billion in borrowings on revolving credit facilities have been extended to 2022 from 2021. Delta has taken additional sanitation steps in the face of the coronavirus pandemic, has limited load factor at 60% and is blocking off middle seats. The company has provided more than $2.2 billion in cash refunds in 2020. Delta is positioning itself to be a smaller airline over the next couple of years, retiring MD-88 and other planes, and reducing headcount through early retirement and other programs. The company is also accelerating airport construction projects in New York's LaGuardia Airport, in Los Angeles and other cities. At the end of the quarter, the company had total debt and finance lease obligations of $24.6 billion. Delta took a write
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The coronavirus has infected more than 13.1 million people across the country as of Tuesday, killing at least 573,200 people.
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Citigroup Inc. shares rose 1.5% in premarket trade Tuesday, after the bank posted second-quarter earnings that tumbled from a year ago but better than analysts were expecting. The bank said it had net income of $1.3 billion, or 50 cents a share, in the quarter, down from $4.8 billion, or $1.95 a share, in the same period a year ago. Revenue rose to $19.8 billion from $18.8 billion. The FactSet consensus was for EPS of 35 cents and revenue of $19.1 billion. Revenue was boosted by a strong performance in fixed income markets and investment banking, which offset weakness in consumer banking as consumers eased spending during the coronavirus pandemic. Net income was hurt by a huge bump in loan loss reserves, reflecting Citi's deteriorating macro-economic outlook. "While credit costs weighed down our net income, our overall business performance was strong during the quarter, and we have been able to navigate the COVID-19 pandemic reasonably well," Chief Executive Michael Corbat said in a statement. Loan loss reserves rose to $26.4 billion from $12.5 billion a year ago, and cost of credit jumped to $7.9 billion from $2.1 billion. Shares have fallen 34.7% in the year to date, while the Dow Jones Industrial Average has fallen 8.6% and the S&P 500 has fallen 2.3%.
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.
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Hong Kong Disneyland Closes Due To Coronavirus : Coronavirus Live Updates NPRI Went To Disney World The Day It Reopened After The Coronavirus Closures, And This Is What It's Really Like Yahoo LifestyleDisney to reclose its Hong Kong park on July 15 CNBC TelevisionFL Mayor Says Disney Parks are Safe Inside the MagicI Went To Disney World For The First Time Since The COVID-19 Pandemic Hit DelishView Full Coverage on Google News
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A sharp decline in the supply of existing homes for sale, increasing consumer preference for brand-new, high-tech homes with all the amenities for working and schooling, as well as an accelerating flight to the suburbs and exurbs, made for remarkable housing demand in June.
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 Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world. "We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters.
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We're on track to hit a forecasted $3.7 trillion deficit for the whole year, which would surpass the previous annual record set during the 2008 financial crisis.
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The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.
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After 25 years, the Ford Bronco is back CNNFord unveils new Bronco as off-road, open-air Jeep rival for under $30,000 CNBCTested: 1978 Ford Bronco Takes the SUV Out of the Dark Ages Car and Driver2021 Ford Bronco SUV revealed with retro styling and off-road tech Fox NewsThe 2021 Ford Bronco Has Arrived! 35s, Lockers, Sasquatch and So Much More! TFLoffroad
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S&P 500 stocks will unveil a 45 per cent plunge in quarterly profits, according to FactSet
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Investors brace themselves for this week's EU summit and start of US earnings season
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Senators Marco Rubio and Ted Cruz among US officials targeted by Beijing
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Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm
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New Ford Bronco Reveal ? 2021 Ford Bronco and Bronco Sport, Price, Interior, Off-Road, Release Date EdmundsV8-powered Jeep Wrangler crashes Ford Bronco's party Fox News2021 Bronco Family World Premiere | Ford Ford Motor CompanyTested: 1978 Ford Bronco Takes the SUV Out of the Dark Ages Car and Driver2021 Ford Bronco SUV revealed with retro styling and off-road tech Fox NewsView Full Coverage on Google News
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 Stock futures opened slightly higher Monday evening as investors looked ahead of a slew of earnings results from big banks Tuesday and later this week.
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Complaints join legal challenge to rules hitting universities offering online-only classes
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Walt Disney Co. said it would again close the Hong Kong Disneyland theme park, less than a month after it reopened, amid an increase of new coronavirus cases in the city, in a new setback for the entertainment company.
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