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Yahoo BusinessAug 03, 2021
Dow Jones Futures Signal Stock Market Rally, SolarEdge Shines; Tesla, Square Lead New Buys


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5 things to know before the stock market opens Tuesday (CNBC Business)
Stock Futures Point to Dow, S&P 500 Grinding Higher - The Wall Street Journal (Google Business News)

Yahoo BusinessAug 03, 2021
Tencent and other gaming stocks tumble after China news outlet labels them ‘spiritual opium' for teens


RELATED ARTICLES
Tencent Sinks After China Denounces Online Gaming (Wall Street Journal US Business)
: Tencent and other gaming stocks tumble after China news outlet labels them ‘spiritual opium' for teens (MarketWatch)

Yahoo BusinessAug 03, 2021
Eli Lilly's stock falls after profit comes up short of expectations, while revenue beat


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Marriott stock jumps after big profit beat, revenue more than doubles but comes up a bit shy (Yahoo Business)
Earnings Results: Alibaba tops profit expectations, boosts buyback program (MarketWatch)

MarketWatch MarketPulseAug 03, 2021
Expeditors beats earnings expectations, sees logistics challenges remaining for rest of the year
Expeditors International of Washington Inc. reported Tuesday second-quarter profit and revenue that rose well above expectations, and said logistics challenges are likely to remain through the rest of the year while demand is expected to remain robust. The airfreight and ocean freight company's stock was still inactive in premarket trading. Net income rose to $316.4 million, or $1.84 a share, from $183.9 million, or $1.09 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.63. Revenue increased 49.7% to $3.61 billion, above the FactSet consensus of $3.40 billion. Cost of transportation and other expenses rose 56% to $2.60 billion. "Robust demand is bumping up against capacity constraints in the air and ocean markets, all of which is made more challenging by limited warehouse space, staffing constraints, port congestion, equipment dislocations, and driver shortages, not to mention additional disturbances such as the closure of the Yantian port due to a COVID-19 outbreak in May or the blockage of the Suez Canal back in March," said Chief Executive Jeffrey Musser. "While we remain optimistic that conditions will improve over time, we are unable to predict when that might take place, or how even the recovery might be, and we believe that demand will likely continue to outstrip capacity in both air and ocean for the near term, keeping buy/sell rates unsettled for at least the duration of 2021." The stock has rallied 12.0% over the past three months, while the Dow Jones Transportation Average has dropped 8.0% and the Dow Jones Industrial Average has gained 2.1%.

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
Ultragenyx Pharmaceutical inc (RARE) Q2 2021 Earnings Call Transcript (The Motley Fool)
Ralph Lauren shares surge after earnings blow past expectations (MarketWatch MarketPulse)

Yahoo BusinessAug 03, 2021
Sanofi to buy mRNA developer for $3.2 billion


RELATED ARTICLES
PepsiCo stock rises after $3.3 billion deal to sell juice brands, including Tropicana and Naked (Yahoo Business)
Sanofi to acquire mRNA developer for $3.2 billion (MarketWatch Breaking News)

Yahoo BusinessAug 03, 2021
Tencent Stock Is Sliding. Regulators Could Target ‘Spiritual Opium.'


RELATED ARTICLES
Tencent's Pony Ma Loses $3 Billion After State Media Calls Online Games ‘Spiritual Opium' (Forbes Headlines)
Tencent Weighs Kids Games Ban After ‘Spiritual Opium' Rebuke (Yahoo Business)

Yahoo BusinessAug 03, 2021
Clorox shares slide 7% premarket as earnings hurt by inflation and lower demand for cleaning products


The Motley FoolAug 03, 2021
1 Growth Stock to Buy and Hold for the Next Decade
Some stocks are worth their premium valuations. This is one of those stocks.

MarketWatch MarketPulseAug 03, 2021
Bausch Health shares slide 6% premarket after surprise loss, says will seek IPO of Solta Medical business
Bausch Health Companies Inc. shares fell 6% in premarket trade Tuesday, after the company posted a surprise loss in the second quarter, hurt by higher costs stemming from litigation, selling, general and administration expenses and the impact of a recall caused by a quality issue at a third-party supplier. The loss came to $595 million, or $1.66 a share, wider than the loss of $326 million, or 92 cents a share, posted in the year-earlier period. Revenue rose to $2.100 billion rom $1.664 billion. The FactSet consensus was for EPS of 95 cents and revenue of $2.118 billion. The company, the former Valeant, lowered its full-year guidance and now expects revenue of $8.40 billion to $8.60 billion, down from earlier guidance of $8.60 billion to $8.80 billion. The FactSet consensus is for $8.60 billion. It made several other announcements with earnings, including that Thomas J. Appio will become CEO of Bausch Pharma as soon as the separation of the Bausch & Lomb eye health care business has been completed. The company will seek an initial public offering of its Solta Medical business, a provider in medical aesthetics. Shares have gained 43% in the year to date, while the S&P 500 has gained 16.8%.

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.



MarketWatchAug 03, 2021
: The delta variant is more than twice as contagious as previous strains of the virus, CDC says, as health officials urge vaccinations
Federal health officials struck a serious tone on Monday, once again urging Americans to get vaccinated and calling on more employers to require COVID-19 vaccine mandates.

RELATED ARTICLES
How the Delta Variant Could Change the World of Coronavirus Vaccine Stocks (The Motley Fool)
Coronavirus tally: Global cases of COVID-19 near 199 million , CDC urges vaccination against 'highly contagious' delta variant (MarketWatch MarketPulse)

Forbes HeadlinesAug 03, 2021
Fed Reserve Bank Executive Says The Delta Variant Surge May Disrupt The Job Market As "It's Creating A Bunch Of Caution."
Uncertainty about the future is an anathema to job growth. When companies are afraid of what will happen next, they tend to hold off on making decisions. With the possible threat of some sort of shutdown, executives will hold off on hiring and possibly downsize employees.

Forbes HeadlinesAug 03, 2021
Will My Business Leave The World A Better Place? And 3 More Soul-Searching Questions Entrepreneurs Ask
Expectations, legacy, life after Covid and when it's time to call it quits—a new study reveals four tough questions that entrepreneurs across all generations are asking themselves.

Google Business NewsAug 03, 2021
COVID-19 is spreading fast among Texas' unvaccinated. Here's who they are and where they live. - The Texas Tribune
COVID-19 is spreading fast among Texas' unvaccinated. Here's who they are and where they live.  The Texas TribuneAustin/Travis County crosses Stage 5 COVID-19 threshold | FOX 7 Austin  FOX 7 AustinCoronavirus updates in Central Texas: Tuesday stats tracker  KVUE.comAustin-area unvaccinated pregnant women increasingly hospitalized with delta variant, maternal death risk high  KXAN.com

CNBC BusinessAug 03, 2021
PepsiCo to sell Tropicana and other juice brands for $3.3 billion
PepsiCo has agreed to sell Tropicana, Naked and other North American juice brands to a French private equity firm for $3.3 billion.

Forbes HeadlinesAug 03, 2021
Three Things You Need To Know About Google's Pixel 6 And Pixel 6 Pro
Less of a launch and more of a preview, Google wants us to know a bit more about the Pixel 6 and Pixel 6 Pro.

MarketWatch MarketPulseAug 03, 2021
Wolverine World Wide buys athletic brand Sweaty Betty in $410 million all-cash deal
Wolverine World Wide Inc. announced Tuesday that it has acquired British lifestyle brand Sweaty Betty in a $410 million all-cash deal. Wolverine funded the transaction with cash and credit. Founded in 1998, more than 80% of Sweaty Betty's sales come through direct-to-consumer channels. "The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company," said Wolverine Chief Executive Blake Krueger in a statement. Wolverine brands include the namesake label, Keds, Saucony and Merrell. "It also gives us a leadership position in the growing women's activewear category," he said. Wolverine expects the deal to be earnings accretive in a year. Wolverine acquired all of the shares of Lady of Leisure InvestCo Limited, the group that owns Sweaty Betty, from L Catterton and other shareholders. Wolverine stock rose 1.3% in premarket trading after the deal, and has gained 7.7% for the year to date. The S&P 500 index is up 16.8% for 2021 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.



RELATED ARTICLES
Footwear company Wolverine Worldwide buys Lululemon competitor Sweaty Betty for $410 million (CNBC Business)

Forbes HeadlinesAug 03, 2021
What Apartment Owners Need To Know About The Experience Economy
Like hotels, apartment owners now need to focus on end-user experience or face becoming commoditized.

Wall Street Journal US BusinessAug 03, 2021
Wolverine to Buy Sweaty Betty for $410 Million
The maker of Wolverine boots and Keds, Saucony and Merrell sneakers is diving deeper into apparel with the acquisition of women's activewear brand Sweaty Betty.

MarketWatch Breaking NewsAug 03, 2021
Simone Biles wins bronze in return to Olympics competition
Simone Biles wins bronze in return to Olympics competition

RELATED ARTICLES
Simone Biles takes bronze on balance beam in return to Tokyo Olympics - USA TODAY (Google Business News)

Google Business NewsAug 03, 2021
What You Need To Know About NASA's Boeing Starliner Spacecraft Launch How To Watch It Live - SciTechDaily
What You Need To Know About NASA's Boeing Starliner Spacecraft Launch How To Watch It Live  SciTechDailyNASA, Boeing launch Starliner to the ISS: How to watch test flight live  CNETBoeing's Starliner capsule rolls out to launch pad again (photos)  Space.comBoeing set for rerun of Starliner space capsule test  BBC NewsBoeing Starliner Rolled to Pad for OFT-2 Launch  Boeing

Yahoo BusinessAug 03, 2021
ConocoPhillips shares jump about 2% premarket after profit tops estimates


Forbes HeadlinesAug 03, 2021
Ralph Lauren's CIO Has Helped Reshape How The Retailer Will Operate In A Hybrid World
Like so many retailers, Ralph Lauren has had its resilience tested as a result of the COVID-19 pandemic. The company's CIO invested in numerous technologies in the years prior, however, that fostered resilience in the retailer.

NYTimes BusinessAug 03, 2021
BMW and Stellantis report big jumps in profit as car sales snap back.
But shortages of computer chips remain a problem, and could curtail production of as many as 90,000 vehicles at BMW alone this year.

MarketWatch MarketPulseAug 03, 2021
Arconic stock slips after swinging to loss, while revenue came up short of expectations
Shares of Arconic Corp. slipped 0.2% in premarket trading Tuesday, after the aluminum company swung to a loss, which included a one-time pension charge, and revenue that came up a bit shy of forecasts. The net loss was $427 million, or $3.89 a share, after net income of $52 million, or 48 cents a share, in the year-ago period. The results included a pension settlement charge of $423 million related to the partial annuitization of U.S. pension obligations. Sales increased 51.7% to $1.80 billion, but was below the FactSet consensus of $1.87 billion, as rolled products revenue grew 67.5% to $1.47 billion. Arconic raised its 2021 revenue guidance range to $7.3 billion to $7.6 billion from $7.1 billion to $7.4 billion. The company said after buying back nearly $9 million worth of stock in the second quarter, it repurchased more than doubled that amount during July. The stock has run up 18.9% year to date through Monday, while the S&P 500 has gained 16.8%.

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 MarketPulseAug 03, 2021
DuPont stock surges after profit and sales beats, raised full-year outlook
Shares of DuPont de Nemours Inc. rallied 1.7% in premarket trading Tuesday after the specialty materials and chemicals company reported second-quarter earnings that beat expectations, amid an ongoing recovery in markets hurt by the COVID-19 pandemic a year ago, and raised its full-year outlook. The company swung to net income of $478 million, or 90 cents a share, from a loss of $2.48 billion, or $3.37 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $1.06 from 31 cents, beating the FactSet consensus of 94 cents. Sales grew 25.7% to $4.14 billion, above the FactSet consensus of $3.99 billion. For 2021, the company raised its adjusted EPS guidance range to $4.24 to $4.30 from $3.60 to $3.75 and listed its sales guidance to $16.45 billion to $16.55 billion from $15.7 billion to $15.9 billion. "Continued positive momentum in almost all of our key end-markets, including semiconductor, smartphones, automotive, and residential construction, enabled us to deliver strong second quarter results ahead of expectations with year-over-year and sequential growth in all three reporting segments," said Chief Executive Ed Breen. The stock has gained 5.0% year to date through Monday, while the S&P 500 has gained 16.8%.

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 FinanceAug 03, 2021
Stock futures rebound after losing day as Dow tries for another run at a record
The spread of the delta coronavirus variant continued to keep investors on edge.

FT.com - China, Economy & TradeAug 03, 2021
China's Tencent imposes controls to tackle gaming addiction among children
Online games branded ‘spiritual opium' in Beijing's latest assault on tech and its social impact

Google Business NewsAug 03, 2021
Tencent shares fall as Chinese state media brand online games ‘spiritual opium' - Financial Times
Tencent shares fall as Chinese state media brand online games ‘spiritual opium'  Financial TimesChinese e-commerce giant JD.com has gaming ambitions. This is its strategy  CNBCTencent Plummets as China Calls Online Gaming ‘Opium for the Mind'  The Wall Street JournalChina is Cracking Down on Private Sector. This Could Trigger Political Instability  News18

Yahoo BusinessAug 03, 2021
Under Armour Posts Strong 2Q Results, Raises Outlook


RELATED ARTICLES
Under Armour shares surge as earnings top estimates, retailer hikes outlook (CNBC Business)

NYTimes BusinessAug 03, 2021
Tyson Foods Mandates Vaccines for Its U.S. Work Force
More than 56,000 of Tyson's 120,000 employees have been vaccinated. Frontline workers have until Nov. 1 to be fully inoculated.

RELATED ARTICLES
Tyson Foods to require vaccinations for all U.S. workers (MarketWatch MarketPulse)

MarketWatch MarketPulseAug 03, 2021
Marvell Technology to acquire Innovium in all-stock deal valued at $1.1 billion
Marvell Technology Inc. said Tuesday it has reached an agreement to acquire Innovium Inc., a provider of software for cloud and edge data centers, in an all-stock deal valued at $1.1 billion. The deal is expected to close by year-end and to add $150 million in incremental revenue in fiscal 2023. It's expected to be neutral to Marvell's adjusted per-share earnings in the first quarter after close and too boost it in the first full fiscal year after that. Marvell, which makes infrastructure semiconductor software, has a portfolio of Ethernet switch semiconductor solutions for the enterprise and carrier segment. "Innovium's TERALYNX(TM) switching architecture delivers the ultra-low latency, optimized power, high performance, and innovative telemetry that are critical in today's cloud-scale data centers," Marvell said in a statement. The deal will allow Marvell to "immediately participate in the fastest growing segment of the switch market with a cloud-optimized solution," said the statement. Marvell shares were slightly higher premarket and have gained 27% in the year to date, while the S&P 500 has gained 16.8%.

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 MarketPulseAug 03, 2021
Under Armour reports better-than-expected earnings, raises guidance
Under Armour Inc. shares jumped 5.4% in Tuesday premarket trading after the athletic company reported second-quarter earnings that far exceeded expectations and raised its 2021 guidance. Net income totaled $59.2 million, or 13 cents per share, after a loss of $182.9 million, or 40 cents per share, last year. Adjusted EPS of 24 cents blew past the FactSet consensus for 6 cents. Revenue of $1.352 billion was up from $707.6 million last year and ahead of the FactSet consensus for $1.218 billion. Under Armour is now guiding for revenue growth in a low-20 percentage rate compared with previous guidance for high-teens percentage rate. EPS is expected to be 14 cents to 16 cents up from previous guidance for 2 cents to 4 cents. And adjusted EPS is expected to be 50 cents to 52 cents, up from prior guidance for a range of 28 cents to 30 cents. The FactSet consensus is for revenue of $5.346 billion, implying 19.5% growth, and EPS of 35 cents. Under Armour shares have gained 23% for the year to date while the S&P 500 index is up 16.8% for the period.

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 NewsAug 03, 2021
The vacation outbreaks among vaccinated people on Cape Cod is proof that vaccines work, CDC director says - Yahoo News
The vacation outbreaks among vaccinated people on Cape Cod is proof that vaccines work, CDC director says  Yahoo NewsCovid third wave: Americans 'scared and angry' as pandemic worsens  BBC NewsCDC says 7-day average of daily U.S. Covid cases surpassed peak seen last summer  CNBCFauci: 'I don't think we're going to see lockdowns' with the Delta variant surge, but more 'pain and suffering' is likely  Yahoo! Voices

NYTimes BusinessAug 03, 2021
Tencent Shares Drop After China Media Criticizes Video Games
Investors reacted after months of increased pressure from Beijing aimed at the broader Chinese internet industry.

Entrepreneur.comAug 03, 2021
Merqueo raises $ 50 million to expand its super home delivery services in Latin America
The Colombian company has quintupled its sales growth in Mexico during the first half of 2021.

Yahoo BusinessAug 02, 2021
5 Best Chinese Stocks To Buy And Watch As Beijing Crackdowns Continue


RELATED ARTICLES
Global stocks rise after calming words from Beijing (FT.com - Financial Markets)

SEC.gov Updates: News DigestAug 02, 2021
10-Q - Jialijia Group Corp Ltd (0001659559) (Filer)
2021-08-02 0001213900-21-039726 2 MB

RELATED ARTICLES
6-K - Ituran Location & Control Ltd. (0001337117) (Filer) (SEC.gov Updates: News Digest)
6-K - KT CORP (0000892450) (Filer) (SEC.gov Updates: News Digest)

Yahoo BusinessAug 02, 2021
August is among the worst months of year for the stock market. Here's how to play it.


MarketWatchAug 02, 2021
: Disney, Google and other U.S. companies requiring workers to get vaccinated before returning to the office
See which U.S. companies are requiring workers to get vaccinated before returning to the office

RELATED ARTICLES
NewsWatch: See which U.S. companies are requiring workers to get vaccinated before returning to the office (MarketWatch)

CNBC BusinessAug 02, 2021
New York Gov. Cuomo asks private businesses to require Covid vaccination for admission
"I am asking them, and suggesting to them, go to vaccine-only admission," Cuomo told reporters.

Wall Street Journal US BusinessAug 02, 2021
Federal Labor Official Recommends Alabama Amazon Workers Hold New Vote, Union Says
A federal official from the National Labor Relations Board recommends that the results be nullified from an earlier vote in which Amazon warehouse workers in Alabama cast ballots against unionizing.

RELATED ARTICLES
The Wall Street Journal: NLRB official recommends new vote for Amazon workers in Alabama, union says (MarketWatch)
Amazon Warehouse Workers In Alabama May Get To Vote Again On Union (NPR Topics: Business)

Yahoo BusinessAug 02, 2021
Dow stages 360-point U-turn and stocks end mostly lower as investors point to worries about COVID's delta variant


FT.com - USAug 02, 2021
Amazon union vote should be rerun, says US labour board official
Online retailer counters that employees ‘had a chance to be heard' after winning 1,798 to 738

RELATED ARTICLES
Federal labor board official recommends new vote for Amazon union election - CNBC (Google Business News)

MarketWatchAug 02, 2021
Market Snapshot: Dow stages 360-point U-turn and stocks end mostly lower as investors point to worries about COVID's delta variant
U.S. stock indexes relinquish solid gains Monday and stocks end mostly lower as persistent concerns about the spread of the COVID-19's delta variant create an excuse for modest selling in the first trading day for equity markets in August.

RELATED ARTICLES
Stocks are little changed to begin August as investors weigh strong earnings vs. delta variant risks (CNBC Finance)

Yahoo BusinessAug 02, 2021
Tesla (TSLA) Stock Gains on Report About China EV Sales


Google Business NewsAug 02, 2021
White House Calls On States To Do More After Federal Eviction Ban Expires - NPR
White House Calls On States To Do More After Federal Eviction Ban Expires  NPRBiden ignores Pelosi's call to extend eviction ban despite Kavanaugh opinion  Fox NewsHow Democrats Screwed Up So Royally on Evictions  SlateCongress and Biden failed tenants on eviction moratorium  Los Angeles TimesOpinion | Biden cannot sit back and let our democracy sink. He's now showing us he gets that.  The Washington Post

Google Business NewsAug 02, 2021
Amazon union election results should be set aside due to misconduct, NLRB officer recommends - CNN
Amazon union election results should be set aside due to misconduct, NLRB officer recommends  CNNAmazon Alabama Warehouse Workers May Get To Vote Again On Union  NPRNLRB decision recommends new union election at Amazon warehouse in Alabama  The Washington PostAmazon warehouse workers overwhelmingly rejected a union. Now they may vote again  Yahoo FinanceAmazon violated labor law in Alabama union election, labor official finds  NBC News

Forbes HeadlinesAug 02, 2021
Louisiana Is The First State To Reissue Indoor Mask Mandate Amid Covid Surge — Here's Where Other States Stand
Louisiana is one of the states leading the recent Covid-19 case surge.
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