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Wall Street Journal US BusinessJul 14, 2020
China Threatens to Sanction Lockheed Martin Over Taiwan Arms Deal
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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China Retaliates Against Lockheed Martin for Taiwan Parts Sale (Yahoo Business)
U.S. says most of China's claims in South China Sea are unlawful - NBC News (Google Business News)

MarketWatch MarketPulseJul 14, 2020
Tesla stock surges after Piper Sandler boosts price target above $2300
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.



RELATED ARTICLES
Market Snapshot: Stock-index futures up slightly as big banks kick off earnings season (MarketWatch)

Wall Street Journal US BusinessJul 14, 2020
Delta Trims Flying Amid Coronavirus Pandemic
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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Is Moderna Stock A Buy As It Leads The Coronavirus Vaccine Race? - Investor's Business Daily (Google Business News)

Wall Street Journal US BusinessJul 14, 2020
Google Cloud Chief Finds Opportunities in Pandemic for Customer Connection
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.

RELATED ARTICLES
How to Beat the Summer Doldrums During a Pandemic? Enter, 'Safe-Cations' (Inc.com)

CNBC FinanceJul 14, 2020
Dow set to open higher as JPMorgan Chase gains on strong earnings
U.S. stock futures were higher early Tuesday as quarterly results from the major banks started rolling in.

RELATED ARTICLES
Citigroup shares rise after bank reports better-than-expected earnings on strong trading results (CNBC Finance)

Google Business NewsJul 14, 2020
UK bans Huawei from its 5G network in rapid about-face - CNN
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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U.K. to Ban Huawei From Its 5G Network (Wall Street Journal US Business)

The Motley FoolJul 14, 2020
Got $5,000? Smart Investors Are Piling Into These Stocks
These two stocks will reward investors who are in it for the long haul.

RELATED ARTICLES
Offshore investors dump China stocks after ‘incredible' rally (FT.com - Financial Markets)

Chicago Tribune Business NewsJul 14, 2020
JPMorgan Chase hit hard by pandemic, sets aside billions to cover loan losses as consumers struggle
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.

CNBC BusinessJul 14, 2020
Wells Fargo reports $2.4 billion loss for the quarter, slashes dividend to 10 cents
Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

Google Business NewsJul 14, 2020
Dow Jones Today Up On Boeing Contract, JPMorgan Q2; Futures Rise, Tesla Leads Nasdaq: Ford Gets A Bronco Boost - Investor's Business Daily
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

CNBC BusinessJul 14, 2020
JPMorgan Chase earns $4.7 billion in the quarter, sets aside another $8.9 billion for credit losses
JPMorgan Chase will be closely watched for clues on how the coronavirus pandemic is impacting banks' retail and institutional businesses.

CNBC FinanceJul 14, 2020
Stocks making the biggest moves in the premarket: JPMorgan, Delta, Alphabet, Ford, Tesla & more
The stocks making the biggest moves in premarket trading include JPMorgan, Delta, Alphabet, Ford, Tesla, and more.

The Motley FoolJul 14, 2020
Are There Warning Signs About Moderna's COVID-19 Vaccine Program?
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.

Yahoo BusinessJul 14, 2020
Making sense of Tesla's parabolic rally: Morning Brief
Top news and what to watch in the markets on Tuesday, July 14, 2020.


Google Business NewsJul 14, 2020
US COVID-19 vaccine program to start manufacturing by late summer, says US official - The Jakarta Post - Jakarta Post
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

SEC.gov Updates: News DigestJul 14, 2020
8-K - AAR CORP (0000001750) (Filer)
2020-07-14 0001104659-20-083267 385 KB
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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8-K - Accel Entertainment, Inc. (0001698991) (Filer) (SEC.gov Updates: News Digest)
8-K - Enochian Biosciences Inc (0001527728) (Filer) (SEC.gov Updates: News Digest)

MarketWatchJul 14, 2020
Economic Report: Higher gas prices trigger first increase in consumer inflation in four months
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.

RELATED ARTICLES
Economic Report: Small businesses grew more optimistic in June, NFIB says — but new coronavirus outbreak threatens fresh pain (MarketWatch)
Sobering Economic Data From Europe, Asia Dash Hopes for Swift Recovery (Wall Street Journal US Business)

MarketWatchJul 14, 2020
The Tell: Value will trump highflying growth stocks if this bond-market indicator bounces back, says Bill Gross
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.

Google Business NewsJul 14, 2020
Finally, it's the new Ford Bronco - Top Gear
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

Yahoo BusinessJul 14, 2020
US STOCKS-Futures rise with bank earnings in focus
Top news and what to watch in the markets on Tuesday, July 14, 2020.


FT.com - China, Economy & TradeJul 14, 2020
China to impose sanctions on Lockheed over Taiwan arms deal
Measures are latest sign of chilling relations between Beijing and Washington

The Motley FoolJul 14, 2020
Better Buy: Disney vs. Booking Holdings
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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Better Buy: Spotify vs. Verizon (The Motley Fool)

Google Business NewsJul 14, 2020
China will sanction Lockheed Martin over arms sales to Taiwan - CNN
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

Google Business NewsJul 14, 2020
'Glee' Star Naya Rivera Remembered on Lakeshore Where Her Body Was Found - Bloomberg QuickTake News
'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

SEC.gov Updates: News DigestJul 14, 2020
485BPOS - T. Rowe Price State Tax-Free Funds, Inc. (0000795384) (Filer)
2020-07-14 0000795384-20-000028 8 MB

MarketWatchJul 14, 2020
NewsWatch: This strategist says investors are in the ‘forest of make believe' when it comes to growth stocks
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.

The Motley FoolJul 14, 2020
JPMorgan Chase Generates Record Revenue in Q2, While Setting Aside $10.5B for Potential Loan Losses
The bank also saw record trading revenue in a quarter where the bank's net income beat estimates.

CNBC BusinessJul 14, 2020
Delta cuts summer flying as demand stalls due to coronavirus, posts $5.7 billion quarterly loss
Delta deepened its losses because of the coronavirus pandemic.

MarketWatchJul 14, 2020
Need to Know: This strategist says investors are in the ‘forest of make believe' when it comes to growth stocks
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.

FT.com - USJul 14, 2020
UK orders ban of new Huawei equipment from end of year
Boris Johnson's government says existing kit must also be stripped from 5G networks by 2027

MarketWatch MarketPulseJul 14, 2020
Delta Air stock slips after wider-than-expected loss
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

SEC.gov Updates: News DigestJul 14, 2020
SC 13D/A - HILLHOUSE CAPITAL ADVISORS, LTD. (0001762304) (Filed by)
2020-07-14 0000902664-20-002660 66 KB

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3 - HILLHOUSE CAPITAL MANAGEMENT, LTD. (0001510589) (Reporting) (SEC.gov Updates: News Digest)

CNBC BusinessJul 14, 2020
Coronavirus updates: Pandemic roils corporate earnings; 3M developing rapid antigen test
The coronavirus has infected more than 13.1 million people across the country as of Tuesday, killing at least 573,200 people.

MarketWatch MarketPulseJul 14, 2020
Citigroup profit falls sharply but beats analyst estimates
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.



Google Business NewsJul 14, 2020
Hong Kong Disneyland Closes Due To Coronavirus : Coronavirus Live Updates - NPR
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

CNBC EconomyJul 13, 2020
Homebuilders just saw the strongest June sales since the last housing boom, as pandemic pushes more buyers to the suburbs
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.

Yahoo BusinessJul 13, 2020
Hedge fund manager Singh calls Trump's handling of coronavirus 'an incredible gift'
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.


RELATED ARTICLES
Did Hedge Funds Make The Right Call On Amarin Corporation plc (AMRN) ? (Yahoo Business)

Chicago Tribune Business NewsJul 13, 2020
The US monthly budget deficit hit an all-time high of $864 billion in June, amid COVID-19 recession and mass unemployment
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.

NPR Topics: BusinessJul 13, 2020
Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth
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.

Google Business NewsJul 13, 2020
After 25 years, the Ford Bronco is back - CNN
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

FT.com - Financial MarketsJul 13, 2020
Investors get set for US earnings season without precedent
S&P 500 stocks will unveil a 45 per cent plunge in quarterly profits, according to FactSet

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Market Snapshot: Nasdaq hits record, S&P 500 tops 3,200 as investors brace for earnings season, weigh vaccine news (MarketWatch)

FT.com - Financial MarketsJul 13, 2020
European shares rise as focus turns to EU recovery fund
Investors brace themselves for this week's EU summit and start of US earnings season

FT.com - USJul 13, 2020
China imposes sanctions on US lawmakers in retaliation to Xinjiang measures
Senators Marco Rubio and Ted Cruz among US officials targeted by Beijing

FT.com - USJul 13, 2020
Coronavirus latest: Record 41.2% GDP plunge pushes Singapore into recession
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm

RELATED ARTICLES
Big Tech's latest reckoning is coming as it continues to rack up record valuations (MarketWatch)

Google Business NewsJul 13, 2020
New Ford Bronco Reveal ? 2021 Ford Bronco and Bronco Sport, Price, Interior, Off-Road, Release Date - Edmunds
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

Yahoo BusinessJul 13, 2020
Stock market news live updates: Stock futures open slightly higher ahead of bank earnings
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.


FT.com - USJul 13, 2020
Tech groups and 18 states take on Trump over student visas
Complaints join legal challenge to rules hitting universities offering online-only classes

MarketWatchJul 13, 2020
The Wall Street Journal: Hong Kong Disneyland closes again as coronavirus cases increase
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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