|
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm
|
|
 The Chinese Embassy in Washington said that a statement issued by U.S. Secretary of State Mike Pompeo deliberately distorts the facts and disregards the efforts of China and the others to achieve peace and stability in the South China Sea.
|
|
 COVID-19 is putting the future of malls in jeopardy with JCPenney, Victoria's Secret and others planning to close stores or filing for bankruptcy.
|
|
European stocks slipped on Tuesday, reversing the previous day's gains on worries about the state of California shutting down.
|
|
Red paint splashed on Black Lives Matter mural in front of Trump Tower NBC NewsNYPD officer filmed using Taser against black protester The IndependentComet, baby panda, Black Lives Matter: World in Photos, July 13 ABC NewsBlack Lives Matter Street Painting Is Rejected in Catskill, N.Y. The New York TimesPro-Police Agitators and Black Lives Matter Protesters Clas
|
|
Investors lodged in ‘zone of uncertainty' as country's coronavirus outbreak worsens
|
|
US start-ups set to complete lowest number of sales or IPOs since 2011
|
|
America shuts down again -- choosing reality over Trump's false claims CNNDonald Trump Jr's new anti-Biden book misplaces apostrophe in title The GuardianForecast: The race between Biden and Trump is within the true margin of error CNNDemocratic task force miles behind Donald Trump in the campaign trail | TheHill The Hill
|
|
Tucker Carlson addresses ex-staffer's racist posts, says he will take 'long-planned' vacation CNNTucker: Imagining an America without police Fox NewsTucker Carlson Attacks "Ghouls" Over Fired Fox News Writer Blake Neff's "Wrong" Racist Online Posts, Announces Vacation DeadlineSpeak Out: Tucker Carlson's criticism of Tammy Duckworth was unwarranted Chicago Tribune
|
|
Bank earnings kick off on Tuesday with Citigroup, JPMorgan Chase and Wells Fargo all set to report before the opening bell.
|
|
The manufacturing process is already underway even though they aren't sure which vaccine, if any, will work, a senior Trump administration official told reporters Monday. He said they are already buying equipment, securing the manufacturing sites and, in some cases, acquiring the raw materials.
|
RELATED ARTICLES | | |
|
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due Investor's Business DailyS&P 500 and Nasdaq end lower after sharp drop in tech titans Reuters UKStocks surrender gains after California rolls back coronavirus reopenings Fox BusinessDow surges then fizzles after stocks briefly turn positive for 2020 CNNS&P 500 and Nasdaq end lower after sharp drop in tech titans Kitco NEWS
|
RELATED ARTICLES | | |
|
 Investor focus has landed squarely on the surge in new COVID-19 cases and its threat to economic reopenings, but there's another possibility being ignored. According to Morgan Stanley equity strategist Mike Wilson, even though the market is expecting economic activity to decline, earnings could get a major boost."Cautious investors may be overlooking the potential for operating leverage to fuel an earnings rebound... Aggressive cost-cutting in a downturn is what creates the powerful operating leverage when the economy recovers," Wilson commented.While unemployment has skyrocketed during the coronavirus crisis, Wilson argues operating leverage was already dropping before the pandemic's onset. "It's also a classic feature of late-cycle economic expansions. My point is that many companies were already exhibiting negative operating leverage pre-COVID-19. This gives me confidence that Q2 will likely be the trough for earnings growth," he explained.Bearing this in mind, some investors are on the hunt, looking to snap up compelling names before shares re-embark on an upward trajectory. For the more risk-tolerant, focus has locked in on penny stocks, or tickers trading for less than $5 per share. The appeal is clear; the bargain price tag means you can get more bang for your buck and even what feels like inconsequential share price appreciation can result in huge percentage gains.What's the flip side? Minor share price depreciation can fuel major percentage losses. By nature of these massive movements, penny stocks are no
|
RELATED ARTICLES | | | | |
|
The U.S. State Department said Monday that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them."
|
RELATED ARTICLES | | |
|
WHO warns coronavirus pandemic may get 'worse and worse and worse' | TheHill The HillUS Grapples with Pandemic as WHO Warns 'No Return to Normal' Snopes.com'Too many countries are headed in the wrong direction,' WHO warns NBC NewsWHO: virus will get 'worse and worse' Reuters
|
|
See which stocks are posting big moves after the bell.
|
|
The companies expect to manufacture 100 million doses by the end of 2021.
|
RELATED ARTICLES | | | | |
|
 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.
|
|
Asia markets fall amid coronavirus fears, China-U.S. friction MarketWatchDow surges then fizzles after stocks briefly turn positive for 2020 CNNHere's what happened to the stock market on Monday CNBCDocuSign Joins the Nasdaq-100. Does That Make It a Buy? The Motley Fool
|
|
 The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
|
|
Black Lives Matter street mural in front of Trump Tower vandalized with red paint, quickly repainted USA TODAYNYPD officer filmed using Taser against black protester The IndependentBlack Lives Matter Street Painting Is Rejected in Catskill, N.Y. The New York Times
|
|
2020-07-13 0000899243-20-019046 18 KB
|
RELATED ARTICLES | | |
|
Ford is squarely positioning the new Bronco SUV against the Jeep Wrangler, which dominates off-road vehicle sales and supports a profitable accessory business for Fiat Chrysler.
|
RELATED ARTICLES | | | | |
|
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has not briefed the president since June 2.
|
RELATED ARTICLES | | |
|
House Democrats ask Supreme Court to speed things up in Trump financial docs cases CNNIt Wasn't Roberts That Changed This Term. It Was the Cases SCOTUS Heard. SlateHouse to quickly revive legal effort to get Trump's financial records POLITICOA plea for restraint from Congress | TheHill The Hill
|
|
Fox News' Tucker Carlson said Monday that his former writer who posted racist comments online was wrong but criticized "ghouls now beating their chest in triumph" after his staffer's resignation.
|
|
These stunning pictures captured Comet Neowise soaring through the sky. Here's how you can see it for yourself CNNWhat's Up for July 13-19 WRAL.comHow to view comet NEOWISE at night, and in the morning WCNCWeather Forecast: Perfect conditions to view Comet NEOWISE this week KPAX-TVHow to watch for spectacular Comet Neowise - before it disappears for 6,800 years USA TODAYView Full Coverage o
|
|
 On Monday night, Ford officially revealed its highly anticipated Bronco brand, consisting of three new vehicles, each capable of being taken off-road into the proverbial wilderness, should drivers choose. The Bronco may be best remembered as the vehicle from perhaps the most infamous car chase in history: when O.J. Simpson sat in the back of...
|
|
The parent company of century-old women's apparel brand New York & Co. has filed for bankruptcy protection and plans to liquidate all its stores after being hurt by the coronavirus pandemic.
|
|
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm
|
|
Jupiter will be visible tonight; here's how to see it in Seattle Seattle PIView Full Coverage on Google News
|
|
 Retailer New York & Company could close all of its stores as parent company RTW Retailwinds, Inc. files for bankruptcy protection due to coronavirus.
|
RELATED ARTICLES | | |
|
Huawei sees sharp growth slowdown as UK weighs ban on the Chinese giant from its 5G networks CNBCHuawei: UK prepares to change course on 5G kit supplier BBC NewsBritain toughens stance on China as it eyes U.S. POLITICOWhat is Huawei and why is its role in UK's 5G so controversial? The GuardianOpinion: Neil Mackay: How would an independent Scotla
|
|
Fox News's Tucker Carlson Rejects Writer's Posts and Critics' ‘Self-Righteousness' The Wall Street JournalTucker: Imagining an America without police Fox NewsTucker Carlson to Take 'Long-Planned' Vacation After Blake Neff's Resignation The New York TimesTucker Carlson addresses ex-staffer's racist posts, says he will take 'long-planned' vacation CNNTucker Carlson Announces 'Long-Planned Vacation' After Racist Writer's Resignation Daily Beast
|
RELATED ARTICLES | | |
|
California's decision to reverse its reopening plans is an ominous sign for the beleaguered cruise industry.
|
|
Huawei: UK prepares to change course on 5G kit supplier BBC NewsBritain set to ban Huawei from 5G ReutersBritain to bar Huawei from its 5G wireless networks, part of a growing shift away from the Chinese tech giant The Washington PostWhat is Huawei and why is its role in UK's 5G so controversial? The Guardian
|
|
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.
|
|
Dow futures rise 100 points ahead of bank earnings CNBCS&P 500 and Nasdaq end lower after sharp drop in tech titans CNAFor Nasdaq-rally skeptics, remember that momentum doesn't die easily MarketWatchOpinion: For Nasdaq-rally skeptics, remember that momentum doesn't die easily MSN Money
|
|
‘We're moving back into a modification mode of our original stay-at-home order," Gov. Gavin Newsom, a Democrat, said. ‘This continues to be a deadly disease.'
|
|
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.
|
|
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.
|
|
 Shares of Carnival Corp. dropped 1.8% in midday trading Monday, to buck the surge in the broader stock market, amid concerns over how the recent surge in COVID-19 cases will affect the timeline for restarting cruises in the U.S. Analyst James Hardiman at Wedbush cut his price target to $20 from $29 while reiterating his neutral rating, in the wake of the cruise operator's announcements last week that three of its AIDA Cruises will start resailing in August, and that cumulative advance bookings for 2021 remained within historical ranges, although at lower prices. "While a legitimate target for the restart of the AIDA brand is encouraging, we can't help but think that we remain a far distance away from operations resuming in the United States given a resurgence in COVID-19 cases as well as halted (in some instances reversed) economic reopenings," Hardiman wrote in a note to clients. Other cruise stocks were also falling Monday, with Royal Caribbean Cruises Ltd.'s down 0.9% and Norwegian Cruise Line Holdings Ltd.'s losing 1.7%. Over the past three months, Carnival's stock has rallied 38.1%, Royal shares have shot up 54.2% and Norwegian shares have soared 42.3%, 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.
|
|
Tesla surges to become 10th most valuable publicly traded US company
|
|
20 Michigan junior colleges moving most fall, winter sports to spring for 2020-21 MLive.comClose contact junior college fall sports moved to spring nationwide KETKnbcNo fall sports at Utah junior colleges: NJCAA pushes most athletics to spring KSL.comUPDATE: Mississippi community colleges not happy with national move of fall football to spring WTVANJCAA announces junior college fall sports, including football, will
|
|
 Unlike other industries, the coronavirus' impact on parcel delivery services has been more nuanced. The drop in volume for the traditionally more profitable B2B segment has been countered by the massive increase in B2C deliveries, which are typically more margin tight. So much so, these companies are finding it difficult to meet demand.This is true of package delivery giant United Parcel (UPS). In normal times, the mix between B2C and B2B is evenly split, but by the end of March, the pandemic resulted in the B2C segment boasting 70% of delivery volume.In a recent note to clients, Credit Suisse analyst Allison Landry ponders how the increasing volume in a less profitable segment impacts UPS.Landry said, "UPS is at an existential crossroads with COVID having pulled forward what was initially expected to be 8-10 years of B2C/residential mix into just a few short months… The margin erosion from higher cost B2C has long been problematic - amplified by the massive upswing in capex required to more efficiently handle these volumes - but the good news, in our view, is that the profound pandemic-driven acceleration in mix will force a permanent, structural pricing tailwind in the domestic parcel market."The other good news, according to Landry, is United Parcel's recent appointment of new CEO Carol Tomé. The ex-Home Depot CFO brings with her extensive experience, a proven track record, as well as a reputation for improving performance. Tomé was instrumental in making Home Depot one of the be
|
|
The U.S. budget deficit reached $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on pace to register the largest annual deficit as a share of the economy since World War II.
|
|
 Walmart CEO Doug McMillon said Monday the retailer currently requires masks at 3,700 stores and a national mandate is "something that's on our minds."
|
|
More owners are permanently shutting their doors after new lockdown orders, realizing that there may be no end in sight to the crisis.
|
|
Report: Apple faces nearly $1 billion penalty from Samsung for ordering too few OLED screens 9to5MacApple Pays Samsung an Estimated $950 Million for Missing OLED Panel Purchase Targets MacRumorsApple reportedly paid Samsung a $950 million penalty for not ordering enough OLED panels CNETApple pays Samsung estimated $950M for missing OLED purchase targets AppleInsider
|
|
Shares of Mohawk Industries Inc. fell more than 8% in the extended session Monday after the maker of carpets and other floor covering products said it is being sued for federal securities law violations and it is under a SEC investigation for those alleged violations. Debt ratings Moody's Investors Service added to the company's woes by calling the allegations, which include claims that the company fabricated sales figures, "credit negative and suggest aggressive business practices and potential corporate governance weaknesses." For the time being, however, Moody's kept its investment-grade Baa1 ratings on Mohawk's debt "because the company has good liquidity bolstered by recent debt offerings and the allegations will take time to litigate," Moody's said. Mohawk intends to "vigorously defend itself" in the lawsuit, it said in a filing Monday. A complaint was filed on June 29 against the company and Chief Executive Jeff Lorberbaum, Mohawk said. It alleges that the company fabricated revenue by attempting delivery to customers that were closed and recognizing these attempts as sales, that it overproduced goods to report higher operating margins and maintained "significant" inventory that it knew it couldn't sell, and valued some inventory improperly or improperly delivered inventory knowing that it was defective and customers would return it, the company said in the filing. Mohawk said that on June 25 it received subpoenas from the U.S. Attorney's Office for the Northern District of Georgia and the SEC "on topics similar to those raised" by the complaint. The company is cooperating with those authorities, it said in the filing. Shares of Mohawk ended the regular trading day up 8.7%.
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.
|
|
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.
|
RELATED ARTICLES | | |
|
Complaints join legal challenge to rules hitting universities offering online-only classes
|
|
Apple Inc. shares are up 3% in Monday trading and on track to record yet another record high after a pair of analysts chimed in with increasingly upbeat views of the smartphone giant.
|
|
U.S. stocks extended recent gains Monday, after investors weighed signs of progress for a coronavirus vaccine as new cases continue to surge.
|
|
 (Bloomberg) -- Moderna Inc.'s experimental vaccine for Covid-19 could generate sales of more than $5 billion a year, Jefferies analyst Michael Yee said, initiating the stock at a buy.The shares jumped as much as 5.6% in Monday trading after the bullish review. A more than 230% surge for the stock since the start of the year has split Wall Street as to "what will happen or if the vaccine will even work," and investors are "hugely divided on valuation," Yee wrote in his note to clients."We believe the Street will be surprised to the upside if the Covid-19 vaccine works, gets approved by early 2021, and there are multi-billion dollars of purchase orders from USA and around the world," he said.With a 30,000 person late-stage study set to kick off sometime this month, Moderna's shot leads the pack in the race to get a vaccine to the world at large as the pandemic continues to spread.Yee predicts mRNA-1273, as the inoculation is known, will get "at least" an emergency use authorization by early next year. There are more than 20 candidates in human testing, while at least another 130 vaccines are in even earlier stages of development, according to the World Health Organization.The analyst assigned the biotechnology company a $90 price target, which is largely in-line with the $88 average price target of analysts tracked by Bloomberg. The Cambridge, Massachusetts-based company has 12 other buys and a single hold rating, while no analyst followed by Bloomberg currently rates it a sell.(Updates shares throughout)For more
|
RELATED ARTICLES | | |
|
Presumptive Democratic nominee Joe Biden unveiled his economic recovery plan Thursday. He outlined steps for immediate relief, with a focus on mobilizing manufacturing in the United States.
|
|
Sequoia Capital India has hauled in $1.35bn across a pair of new funds targeting venture capital and growth deals across southeast Asia.
|
|
As COVID 19, the new coronavirus, accelerates the drive toward online learning, how will business schools remain relevant in the age of AI? Anne Trumbore, senior director of Wharton Online, offers her perspective.
|
|
Private Label