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Google Business NewsFeb 20, 2019
Fed flags end to balance sheet runoff, patience on rates - Reuters
Fed flags end to balance sheet runoff, patience on rates  ReutersFed sees balance sheet reduction ending, notes 'risks and uncertainties'  CNBCFed Minutes Show Officials Unsure on Need for Rate Hikes in 2019  BloombergHow Long Will Fed's Rate Pause Last? Minutes Could Yield Clues  The Wall Street JournalWe're about to find out why the Federal Reserve did its policy U-turn which sent markets higher  CNBCView full coverage on Google News

Reuters Company NewsFeb 20, 2019
GLOBAL MARKETS-Stocks rise on U.S.-China trade hopes; oil up again
* Fed's FOMC uncommitted in minutes of latest meeting (Updates to U.S. market close)

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NLight shares slammed as weakness in China hurts forecast (MarketWatch MarketPulse)

MarketWatchFeb 20, 2019
Market Snapshot: Stocks struggle for direction as investors watch trade talks, await Fed minutes
U.S. stocks trade sideways, with investors keeping an eye on U.S.-China trade talks in Washington while awaiting the release of minutes from the Federal Reserve's January policy meeting for further insights into the central bank's surprise flip to wait-and-see mode on rates.

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Stocks edging upward as investors await details of policy pivot in Fed minutes (MarketWatch Breaking News)

MarketWatchFeb 20, 2019
The Wall Street Journal: Johnson & Johnson says it's been subpoenaed by SEC, Justice Department
Johnson & Johnson said Wednesday it received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission seeking documents related to the safety of its signature baby powder and other talc-containing products.

MarketWatch MarketPulseFeb 20, 2019
Equifax disappoints with earnings and forecast as it spends on tech and security
Equifax Inc. fourth-quarter earnings dropped 85% from the year before as the company continues to spend to bolster its security and technology after a devastating hack, and the company's forecast for 2019 came in below expectations in an earnings report delivered Wednesday afternoon. Equifax reported net income of $25.6 million, or 21 cents a share, down from $1.42 a share a year ago, on revenue of $835.3 million, down from $839 million a year ago. After stripping out all costs for "the 2017 cybersecurity incident," as Equifax refers to it, as well as a host of other factors, the company claimed earnings of $1.38 a share, down just a penny a share from last year's fourth quarter. Analysts on average expected adjusted earnings of $1.32 a share on revenue of $840 million. Equifax projected 2019 adjusted earnings of $5.60 a share to $5.80 a share, after totaling $5.79 by that metric in 2018, on revenue of $3.43 billion to $3.53 billion, which would be a gain from $3.36 billion in 2018. Analysts on average were projecting 2019 adjusted earnings of $5.86 a share on revenue of $3.53 billion, according to FactSet. "Our incremental investment of over $1.25 billion to transform our technology and security between 2018 and 2020 will position Equifax for future growth and profitability and improve our speed of delivering new products to our customers," Chief Executive Mark Begor said in Wednesday's announcement. Equifax shares fell about 2% in very light trading during the extended session following the report Wednesday afternoon. The stock has declined 6.4% in the past year, as the S&P 500 index has gained 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.



FT.com - Financial MarketsFeb 20, 2019
Fed minutes reveal an upside bias for higher rates
Mike Mackenzie's daily analysis of what's moving global markets

Automotive News Breaking NewsFeb 20, 2019
Lyft plans to file for IPO next week, reports say
Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, Reuters reported. Sources told Reuters the plans were still subject to change and market conditions.



Entrepreneur.comFeb 20, 2019
J.M. Smucker Is Up, But Rest of Stock Market Soft After Minutes of Last Fed Meeting Released
The stock market wasn't sure what to make of the minutes to the last Federal Reserve Board meeting released this afternoon.

USA Today MoneyFeb 20, 2019
$700M Amazon investment will help Rivian compete against Tesla
Amazon's move into the electric vehicle market is a challenge to Tesla's dominance in the EV space and a significant milestone in the auto industry.        

MarketWatchFeb 20, 2019
TaxWatch: One in 5 taxpayers risk a penalty from the IRS for withholding too little in taxes for 2018 — here's how you avoid it
IRS is more generous with waivers this year, but you still might get hit.

Reuters Company NewsFeb 20, 2019
PC maker Lenovo returns to Q3 profit, beats estimates
Lenovo Group Ltd said on Thursday it swung back to a net profit in the December quarter, beating market expectations, due to a strong performance across its major business groups.

MarketWatchFeb 20, 2019
The Fed: What's all the excitement? Fed staff's economic outlook barely changed in January
While Fed policymakers said they could barely discern how the economy was doing given all the uncertainty, the central bank's staff seened much more sanguine and barely changed its outlook, according to minutes of the FOMC January meeting released Wednesday.

NYTimes BusinessFeb 20, 2019
Estonia Orders Danske Bank Out After Money-Laundering Scandal
Regulators said the uproar over the Danish lender, centered on its branch in Tallinn, had tarnished Estonia's financial market.

MarketWatch Breaking NewsFeb 20, 2019
The Fed saw economic outlook becoming 'more uncertain' at its January meeting
The Fed saw economic outlook becoming 'more uncertain' at its January meeting

MarketWatch MarketPulseFeb 20, 2019
Owens & Minor's stock tumbles after dividend slashed to a penny, earnings miss
Shares of Owens & Minor Inc. tumbled 14% in active afternoon trade Wednesday, after the provider of distribution services to makers of healthcare products reported fourth-quarter earnings that missed expectations, provided a downbeat outlook and slashed its dividend to next to nothing. The company said late Tuesday it swung to a net loss of $261.8 million, or $4.37 a share, from a profit of $23.0 million, or 38 cents a share, in the same period a year ago. Excluding non-recurring items, such as $274 million impairment charge, adjusted earnings per share of 9 cents was below the FactSet consensus of 14 cents. Revenue rose 6.4% to $2.54 billion, above the FactSet consensus of $2.50 billion. The company said it amended its credit agreements, that while enhances it financial "flexibility," also increases its interest expense. With that in mind, the company expects 2019 adjusted EPS of 60 cents to 75 cents, below the current FactSet consensus of 93 cents. The company also cut its quarterly dividend to 0.25 cents a share from 7.5 cents a share, which lowers the implied annual dividend yield to 0.15% from 4.39%. Separately, Owens & Minor named Edward Pasicka its chief executive officer, effective March 4. The stock has plunged 56% over the past 12 months, while the S&P 500 has gained 2.5%.

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.



MarketWatchFeb 20, 2019
Capitol Report: Kellyanne Conway's husband: Who's more credible, Trump or the New York Times? 94% of voters are on same page
George Conway is back to his trolling ways with a Twitter poll that Trump isn't going to like.

MarketWatch MarketPulseFeb 19, 2019
Pepsi to buy maker of Muscle Milk
Hormel Foods Corp. said late Tuesday that it was selling its CytoSport business, which makes Muscle Milk, to PepsiCo Inc. . Hormel did not disclose terms of the deal but said it would provide more details on its earnings call Thursday at 8 a.m. Central time. Hormel stock declined less than 1% in after-hours trading, as Pepsi stock was flat. The S&P 500 index closed up 0.2% during the regular session.

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 MarketPulseFeb 19, 2019
Stanley Black & Decker to book $50 million charge on 2018 EPS due to IPS Worldwide bankruptcy
Stanley Black & Decker Inc. said Tuesday it will book a charge of $50 million on its previously announced 2018 GAAP per-share earnings, due to the bankruptcy of IPS Worldwide LLC. The third-party provider of freight payment processing services listed Stanley Black & Decker as an unsecured creditor with outstanding obligations of about $50 million owned to certain freight carriers in a Jan. 25 Chapter 11 filing. The charge does not include any sums the company is hoping to recover from insurance or through the bankruptcy proceedings and will be included in the company's 10-K filing with the Securities and Exchange Commission later this month. Shares were slightly higher premarket, but have fallen 14% in the last 12 months, while the S&P 500 has gained 1.6%.

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.


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