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President Trump in comments Saturday said stock-rallying reports this week that trade talks with China would include the lifting of tariffs against the world's second-largest economy weren't true. The president referred to those tariffs as "sanctions" on Saturday. "Things are going very well with China and with trade," he said to reporters. "There were some false reports about sanctions being removed. We have taken in tremendous amounts of money into the United States because of the sanctions and we'll see how it goes. And if we make a deal, certainly we wouldn't have sanctions...," he said, expressing general optimism for progress. The Wall Street Journal reported Thursday, citing people familiar with the matter, that the idea of lifting tariffs in part or whole was proposed by Treasury Secretary Steven Mnuchin in a series of strategy meetings. The report added that U.S. Trade Representative Robert Lighthizer is concerned that any concession could be seen as a sign of weakness, however. Trade issues have been cited as the biggest headwind for stocks rallying in 2019 and the reported tariff removal pushed stock averages to session highs Thursday when the headlines hit.
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BlackRock Inc. , the world's largest asset manager, inadvertently posted confidential information about thousands of financial adviser clients on its site, Bloomberg News reported late Friday, citing a glimpse of the released data before it was removed by the investment firm. The data were linked on one of the company's web pages dedicated to its iShares exchange-traded funds. The documents included names and email addresses of financial advisers who buy BlackRock's ETFs on behalf of customers and appeared to show the assets under management each adviser had in the firm's iShares ETFs, Bloomberg reported. The links were dated Dec. 5, 2018, but it's unclear how long they were public. BlackRock oversees assets of almost $6 trillion and is the world's largest issuer of ETFs.
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President Donald Trump plans to make a "major announcement" concerning the border with Mexico and the government shutdown on Saturday, according to his Twitter feed late Friday. In a tweet, Trump said he would make the announcement at 3 p.m. Eastern time on Saturday, which will mark the 29th day of the partial government shutdown, the longest on record. Trump is locked in a stalemate with House Speaker Nancy Pelosi over funding for his proposed wall on the U.S.-Mexico border.
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Snap Inc. forced out two of its executives because one of them had an inappropriate relationship with a contractor, according to a report late Friday. The Snapchat parent fired Francis Racioppi, its director of global security, late last year because he had hired an outside contractor, had a relationship with her, and then pulled the contract after the relationship ended, according to The Wall Street Journal, which cited people familiar with the matter. Snap also asked its head of human resources Jason Halbert to leave the company because of the Racioppi incident and other performance issues, WSJ reported. Snap shares declined 0.7% after hours, following a 7.7% surge to close at $6.18 in Friday's regular session.
FedEx Corp. began offering buyouts to U.S. employees on Friday, saying in a filing it expects the program to cost between $450 million and $575 million before taxes. Actual costs will depend on acceptance, and most expenses are expected to incur in the fourth quarter of fiscal 2019, the company said. Savings were seen between $225 million and $275 million a year beginning in fiscal 2020, FedEx said. The buyouts are part of a reorganization plan FedEx announced in December alongside its fiscal second-quarter results. That plan also included reductions at FedEx Express' international network capacity and limited hiring. Shares of FedEx rose 0.6% in the extended session Friday after ending the regular trading day up 2.1%.
U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500 rose 1.3% to end around 2,671. The Dow Jones Industrial Average picked up 342 points, or around 1.4%, to end around 24,713, based on preliminary numbers. The Nasdaq Composite rose 1% to around 7,157. For the week, the Dow was up 3%, the S&P was up 2.9% and the Nasdaq was up 2.7%. Investors pinned hopes on progress in U.S.-China trade talks after a report from Bloomberg News said that Chinese officials would increase imports from the U.S. to close their bilateral trade deficit to zero by 2024. As for corporate news, shares of Netflix Inc. fell around 4% after revenue growth fell short of expectations.
Treasury Secretary Steven Mnuchin flew from Washington to Los Angeles on Michael Milken's private jet, according to a report Friday in The New York Times. Milken is the Wall Street bond trader who went to prison after pleading guilty to securities fraud charges. A Treasury spokesman said Mnuchin has already reimbursed Milken for the cost of the flight and said he did not need an ethics waiver for the trip. Mnuchin's use of military aircraft for domestic travel caused some controversy early in his term. Last year, Treasury's inspector general said Mnuchin's staff had not provided complete proof about why the Treasury secretary needed to use military aircraft. Mnuchin had asked to use a government jet on his European honeymoon, but later withdrew the request.
President Donald Trump and North Korean leader Kim Jong Un are expected to hold a second summit "near the end of February," the White House said in a statement Friday. The announcement came after Trump held a meeting with a top North Korean official to discuss the isolated Asian nation's denuclearization. "The president looks forward to meeting with Chairman Kim at a place to be announced at a later date," the White House statement said.
Walt Disney Co.-backed "Glass", the new film directed by M. Night Shyamalan, is expected to dominate the box office over the long holiday weekend, according to MKM analyst Eric Handler. The film, which brings together characters and narratives from his previous films, is expected to boost the weekend gross to $124 million, up 11% from the year-earlier period, Handler said in a Friday note. "Not only will Glass likely provide a significant boost for the box office but the four-day holiday weekend should benefit as the MLK holiday in 2018 occurred a week earlier," Handler wrote. "Last year's same weekend saw its Top 10 films gross $112mn over the four-day weekend (although Monday was not a holiday and schools and businesses were open) and was led by Jumanji: Welcome to the Jungle with $20.7mn." The film, which stars Bruce Willis, James McAvoy, Samuel L. Jackson and Sarah Paulson, is expected to chalk up box revenue of $64 million, he said. "The Upside," starring Bryan Cranston and Kevin Hart, is expected to take second place with $14.5 million, according to Handler. "Aquaman" is expected to take third slot with box office of $11 million, which will push it above the $300 million-mark. Disney shares were slightly lower Friday, but have gained 0.5% in the last 12 months, while the S&P 500 has fallen 4.8% and the Dow Jones Industrial Average has fallen 5.3%.
Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes Friday also revealed a drop in the U.S. oil-rig count for this week, the largest such decline in nearly three years. February West Texas Intermediate oil rose $1.73, or 3.3%, to settle at $53.80 a barrel on the New York Mercantile Exchange. The contract, which expires at Tuesday's settlement, ended about 4.3% higher for the week.
J. Crew Group Inc. announced Friday that its chairman, Millard "Mickey" Drexler," will retire to devote his time to developing Drexler Ventures LLC and his other interests. Chad Leat, a J. Crew director since Jan. 2017 and a retired vice chairman of global banking at Citigroup Inc. , will succeed Drexler as chairman, effective immediately. Drexler also previously served as chief executive of J. Crew, joining the company in that role in 2003, and founded Madewell. J. Crew has struggled to regain its iconic status after the departure of Jenna Lyons, the brand's superstar creative director. The brand recently replaced its chief executive with an "office of the CEO" and announced plans to discontinue its budget Mercantile and Nevereven lines, throwing the brand's partnership with Amazon.com Inc. into jeopardy. The SPDR S&P Retail ETF has fallen 5.5% in the past year, the Amplify Online Retail ETF has gained 3.6% for the period, and the S&P 500 index has slipped 4.6%.
Gold futures fell on Friday, suffering from their first weekly decline since mid-December as optimism surrounding the U.S.-China trade dispute contributed to gains in the U.S. stock market and strength in the dollar. February gold settled at $1,282.60 an ounce, down $9.70, or 0.8% for the session. That was the lowest finish for a most-active contract so far this year, with prices down about 0.5% for the week, according to FactSet data.
A powerful four-day rally on Friday has helped to drive U.S. stock benchmarks to multiweek highs, but the degree by which sentiment has improved since a rough 2018 is perhaps best exemplified by the moves in the Dow Jones Industrial Average. The Dow on Friday afternoon was up more than 320 points at 24,694, a gain of 1.3%, climbing nearly 700 points in the past several days. That move has placed the blue-chip gauge within reach of its 200-day long-term average at 24,968.10, according to FactSet data. That's a surprising burst higher for the Dow which only Thursday closed above its 50-day moving average, then at 24,346, for the first time since Dec. 3. Moving averages are used by market technicians to help gauge bullish and bearish momentum in an asset over the long and short term. Trading above its 200-day would help to signal that the Dow, and the rest of the stock market, is re-establishing some semblance of structure after all three indexes, including the S&P 500 index and the Nasdaq Composite Index ended 2018 with their worst annual declines since 2008. Those declines also saw the Dow form a death cross, where the 50-day - a short-term trend tracker - crosses below the 200-day, used to determine a long-term trend in an asset, formed on Dec. 18. The recent updraft has been attributed to a series of stories indicating that a lasting problem for the stock market and the global economy--a trade spat between China and the U.S.--may be near a resolution.
Johnsonville announced a voluntary recall of its Cheddar Cheese & Bacon Grillers on Friday because they may contain black rubber bits. The recall comes after three complaints, and applies to the 24-ounce package with the following "Best Flavor By" dates and EST numbers: July 24, 2019 and an EST 34225; Aug. 13, 2019 and an EST 34225; and Aug. 14, 2019 and an EST 34225. The product was shipped to 31 states. Purdue has also issued a recall of chicken nuggets that may be contaminated with wood. The Invesco Dynamic Food & Beverage ETF has lost 7.1% over the last year while the S&P 500 index is down 4.6% for the period.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil dropped by 21 to 852 this week. That marked a third straight weekly decline. The total active U.S. rig count also declined by 25 to 1,050, according to Baker Hughes. February West Texas Intermediate crude was up $1.64, or 3.2%, at $53.71 a barrel from Thursday's finish. It was trading at $53.59 before the rig data.
U.S. stock indexes Friday midday clambered higher after a report from Bloomberg said Chinese officials were open to eliminating an imbalance with the U.S. that has been a source of trade tension between the two largest economies in the world and a major headwind for stocks. The Dow Jones Industrial Average rose 368 points, or 1.5% at 24,734, the S&P 500 index advanced 1.5% at 2,674, while the Nasdaq Composite Index rose 1.4% at 7,181. Bloomberg on Friday, citing sources familiar with talks, reported that China has offered to go on "a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world's two largest economies." China would increase purchases of U.S. imports over six years to reach more than $1 trillion per year, according to the report, which comes a day after the Wall Street Journal reported that Treasury Secretary Steven Mnuchin had debated eliminating China tariffs as a tactic toward advancing talks on their protracted trade dispute and easing tensions. However, a Treasury spokesman has walked back that story, saying that discussions continue and no decisions have been made. Trade issues have been the greatest source of friction for stock markets here and abroad, market participants have said.
The Dow Jones Industrial Average shot up 329 points, or 1.4%, in midday trade Friday, will all 30 components contributing to gains. The blue-chip barometer, on track for the highest close since in six weeks, has now run up 13% since it closed at a 14-month low on Dec. 24. Of the biggest gainers, shares of Home Depot Inc. rallied 2.9%, Caterpillar Inc. climbed 2.8% and DowDuPont Inc. tacked on 2.3%. The most-active Dow component was Apple Inc.'s stock , which rose 0.8%.
The Cboe Volatility index has tumbled in recent trade and is on pace for its steepest monthly slide since March of 2016, according to FactSet data. Wall Street's so-called "fear index," uses S&P 500 options to calculate expectations for volatility over the coming 30 days, and tends to trade inversely to stocks. Equity benchmarks, following a bruising 2018, have experienced a mutltiday stock-market rally that has been partly underpinned by hope of a resolution between China and the U.S. on trade relations. That, in turn, has driven the the volatility index sharply lower. Investors tend to use the gauge partly to hedge against declines in the market, with rising prices equating to a higher cost of such coverage. Most recently, the index was at 17.40 and has declined about 31.55% thus far in January (markets are closed on Jan. 21 in honor of Martin Luther King Jr.). That level of decline would represent the most severe for the gauge since it fell 32.12% in March of 2016. The index's drop in 2016 had also been fueled by relief following concerns about the health of the Chinese economy, which continues to be a source of concern for market participants after data out of Beijing has shown clear signs of slowing down. Still, market participants have waxed optimistic that tensions between Beijing and Washington, if resolved, would help to stem any economic contraction in global markets. The VIX's historical average stands at around 19 or 20. The S&P 500 and the Russell 2000 index have both enjoyed the best start to a year since 1987. And all of the main stock indexes, including the Dow Jones Industrial Average and the Nasdaq Composite Index were looking at solid weekly and monthly gains.
China has offered to ramp up its purchases of U.S. imports over six years to reach more than $1 trillion per year, Bloomberg News reported, citing officials familiar with the negotiations. The move would end the U.S. trade gap with China by 2024, the report said.
Consumer sentiment plunged in January to the lowest level since President Trump was elected, according to the University of Michigan index released Friday. The index fell to 90.7 in January from 98.3, with the expectations index dropping especially sharply. Economists polled by MarketWatch forecast a 97.5 reading. "The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack of clarity about monetary policies," said Richard Curtin, chief economist for the survey.
U.S. stocks rose on Friday, putting benchmarks on pace for a fourth straight win, as investors hung on to optimism over a report that Washington might ease tariffs on Chinese goods. The Dow Jones Industrial Average rose 156 points, or 0.6%, at 24,523, the S&P 500 index added 0.5% at 2,649, and the Nasdaq Composite Index climbed 0.6% at 7,130. The Wall Street Journal on Thursday reported that U.S. officials were debating a possible ease in tariffs on Chinese imports, to give Beijing incentive to make deeper concessions over the trade dispute. A Treasury spokesman immediately walked back the report, telling the newspaper that any bargaining positions remained "at the discussion stage." Still optimism in the markets held. For the week, as of Thursday's close, the Dow and S&P 500 are each up 1.5% and the Nasdaq Composite is looking at a gain of 1.6%. In corporate news, shares of Tesla were in focus after the automaker said it was cutting 7% of its workforce to cut costs, while investors also watched shares of Eli Lilly & Co. sank after it reported disappointing results from a medical trial. Meanwhile, Netflix shares were drawing attention after the media-streaming giant reported weaker-than-expected revenue late-Thursday. In economic reports, industrial production finished the year on a strong note, rising 0.3% in December after a revised 0.4% gain in November, according to data released by the Federal Reserve on Friday.
Industrial production finished the year on a strong note, rising 0.3% in December after a revised 0.4% gain in November, according to data released by the Federal Reserve on Friday. The gain was in line with estimates of economists polled by MarketWatch. In the fourth quarter, industrial output rose at a 3.8% annual rate, down from 4.7% rate in the third quarter. Manufacturing output alone rose 1.1% in December, the biggest gain in 10 months. The increase was led by a 4.7% increase in the output of motor vehicles and parts but there were gains across the board. Capacity utilization rose to 78.7% in December, the highest level in almost four years.
Shares Nautilus Inc. plummeted 42% toward a more-than 5-year low in premarket trade Friday, after the fitness company provided a fourth-quarter outlook that was well below expectations and said it was implementing an "aggressive" cost-cutting program. The company said late Thursday it expected earnings per share from continuing operations of 4 cents to 5 cents a share, while the FactSet EPS consensus as of Dec. 31 was 56 cents. Revenue is now expected to be $114 million to $116 million, below the year-end FactSet consensus of $149.6 million. Nautilus said it was expecting "significantly stronger" direct segment sales, but expected fourth-quarter direct segment sales of $50 million is down from $71.6 million a year ago. The company said it's cost-cutting plan aims to rescale operations to be more profitable on a lower sales base. The stock was on track to open at the lowest price seen during regular session hours since November 2013. It has lost 8.8% over the past three months through Thursday, while the S&P 500 has slipped 4.8%.
Starbucks Corp. announced Friday that it has opened a new cafe in Jalisco, Mexico, and it's operated exclusively by staffers between the ages of 52 and 66. This is the second Starbucks in Mexico to hire an older staff; the first launched last year in Mexico City. The Jalisco location will have 14 workers. Starbucks, which partnered with the National Institute for Elderly People five years ago, aims to hire 120 senior workers by 2019. Diana González, head of HR at Starbucks Mexico, characterizes the move as part of the company's efforts towards diversity and inclusion. Starbucks shares have gained 5.2% over the past year while the S&P 500 index has lost 5.8% for the period.
Although Netflix Inc. investors may not be completely satisfied with the streaming video service giant's fourth-quarter results, especially considering the massive run up in its stock price that past few weeks, but Wall Street analysts were nearly unanimously upbeat. The stock fell 2.5% in premarket trade Friday, as Netflix beat profit and net subscriber additions expectations but missed on revenue. Of the analysts surveyed by FactSet, 14 raised their stock price target while 1 lowered their target. That lifted the average analyst price target to $402.61, which is 14% above Thursday's closing price, from $391.31 just before the results. The most bullish analyst is Justin Patterson at Raymond James, who reiterated his strong buy rating and raised his price target to $470 from $450, saying Netflix's global distribution advantage is becoming increasingly clear. Even the most bearish analyst, Wedbush's Michael Pachter, reiterated his underperform rating, citing troubling cash burn and concerns over subscriber growth deceleration, but raised his price target to $165 from $150. Netflix's stock had rocketed 51% from Dec. 24 through Thursday, while the S&P 500 rallied 12% over the same time.
Shares of GameStop Corp. jumped 1.6% in premarket trade Friday, after the video game seller reported an increase in holiday-period same-store sales and affirmed its full-year profit outlook. Net sales for the nine-weeks ended Jan. 5 fell 5% from the same period a year ago. The FactSet sales consensus for the fiscal fourth quarter, which ends January, of $3.24 billion implies a 7.5% decline. Same-store sales for the period rose 1.5%, as a 3.6% increase in the U.S. offset a 3.1% decline internationally. The FactSet consensus for fourth-quarter same-store sales is a decline of 6.4%. The company affirmed its fiscal 2018 outlook for adjusted earnings per share of $2.55 to $2.75, which surrounds the FactSet consensus of $2.66. The stock has rallied 4.7% over the past three months through Thursday, while the S&P 500 has lost 4.8%.
Schlumberger Ltd. shares rose 2% in premarket trade Friday, after the oil giant posted stronger-than-expected revenue for the fourth quarter. The company said it had net income of $538 million, or 39 cents a share, in the quarter, after a loss of $2.26 billion, or $1.63 a share, in the year-earlier period. Adjusted per-share earnings came to 36 cents, matching the FactSet consensus. Revenue fell to $8.180 billion from $8.504 billion, ahead of the FactSet consensus of $8.044 billion. The dramatic fall in oil prices in the quarter was driven by U.S. shale production surprising to the upside, combined with geopolitical tensions. "Looking forward to 2019, we expect a more positive supply- and demand-balance sentiment to lead to a gradual recovery in the price of oil over the course of the year, as the OPEC and Russia cuts take full effect; the effect of lower activity in North America land in the second half of 2018 impacts production growth; the dispensations from the Iran export sanctions expire and are not renewed; and as the US and China continue to work toward a solution to their ongoing trade dispute," Chief Executive Paal Kibsgaard said in a statement. Shares have fallen 45.8% in the last 12 months, while the S&P 500 has fallen 5.8%.
Shares of VF Corp. shot up 8.5% toward a 6-week high in premarket trade Friday, after the apparel and accessories company, which brands include Vans, The North Face and Wrangler, reported better-than-expected fiscal third-quarter profit and sales. For the quarter ended December, VF swung to net income of $463.5 million, or $1.16 a share, from a loss of $90.3 million, or 23 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.31, well above the FactSet consensus of $1.10. Revenue rose 8% to $3.94 billion, above the FactSet consensus of $3.87 billion. Gross margin improved to 51.9% from 51.5%. For fiscal 2019, the company raised its revenue guidance to "at least $13.8 billion" from "at least $13.7 billion," as raised outlooks for its outdoor, active and work segments offset a lower outlook for jeans. The company raised its adjusted EPS outlook to $3.73 from $3.65. The stock has dropped 16% over the past three months through Thursday, while the S&P 500 has lost 4.8%.
Eli Lilly and Co. shares fell as much as 5% in premarket trde Friday before paring those losses, after the company said a late-stage trial of a treatment for sarcoma failed to meet its main goals. The phase 3 trial of Lartruvo in combination with doxorubicin in patients with advanced or metastatic soft tissue sarcoma (STS) did not meet its primary endpoint of overall survival. It had previously shown an overall survival benefit in a 133-patient phase 2 trial which led to accelerated approval by the U.S. Food and Drug Administration and the European Medicines Agency. The company "was surprised and disappointed that LARTRUVO did not improve survival for patients with advanced soft tissue sarcoma in this study," said Anne White, president, Lilly Oncology, in a statement. The company is in talks with global regulators to determine its next steps. In the meantime, it expects to book a charge of $70 million to $90 million, or 10 cents a share, in the first quarter. For the full year of 2019, it expects the issue to shave about 17 cents off EPS. Sarcomas are a rare type of cancer that typically develop in connective tissue, including fat, blood vessels, nerves, bones, muscles, deep skin tissues and cartilage. About 13,040 cases were diagnosed in 2018 and more than 5,000 are expected to die from the disease. Eli Lilly shares were last down 2% but have gained 38.9% in the last 12 months, while the S&P 500 has fallen 5.8%.
Shares of Tiffany & Co. slumped 2.7% in premarket trade Friday, after the luxury jewelry retailer reported holiday-period sales that declined from a year ago and provided a downbeat full-year profit and sales outlook. Net sales for the two months ended Dec. 31 fell 1%, while same-store sales declined 2%. For the full quarter, which ends January, the FactSet consensus for net sales of $1.37 billion implies 2.8% growth and for same-store sales is 2.6% growth. Tiffany attributed the disappointing results partly to lower sales to foreign tourists, primarily Chinese, and to softening demand from local customers in the Americas and Europe. For the year, the company expects net sales to increase 6% to 7%, while the FactSet consensus of $4.50 billion implies 7.8% growth. Tiffany now expects 2018 earnings per share at the "lower end" of its previously provided guidance range of $4.65 to $4.80, compared with the FactSet consensus of $4.77. The stock has tumbled 22% over the past three months through Thursday, while the SPDR S&P Retail ETF has lost 6.0% and the S&P 500 has slipped 4.8%.
British Prime Minister Theresa May is considering solving the Brexit deadlock by amending the Good Friday agreement after abandoning attempts to negotiate a cross-party deal, the Daily Telegraph reported late on Sunday.
A blast at a gasoline pipeline in Mexico that killed at least 79 people has put renewed attention on the government's strategy to stop fuel theft, with some relatives saying fuel shortages stemming from the plan led victims to risk their lives.
Roaring along Baghdad's highways, the "Iraq Bikers" are doing more than showing off their love of outsized motorcycles and black leather: they want their shared enthusiasm to help heal Iraq's deep sectarian rifts.
Ten U.N. peacekeepers from Chad were killed and at least 25 were wounded while repelling an attack by armed assailants near a village in northern Mali on Sunday, the West African nation's U.N. mission and the United Nations said.
Visits to the Black Sea by U.S. warships have nothing to do with U.S. security and are motivated by domestic politics, prominent Russian senator Alexei Pushkov said on Sunday, warning they should stay away from the Russian coast.
German Foreign Minister Heiko Maas said on Sunday it was unclear how any talks between Britain and Ireland on resolving the question of the Irish backstop could help the European Union's deal with London on Brexit.
White flags and balloons filled streets nationwide as thousands of Colombians marched on Sunday to express outrage at violence after a car bomb blamed by the government on ELN rebels killed 20 police cadets and injured dozens.
The Palestinian Authority has handed over to U.S. authorities an American-Palestinian it had sentenced to life imprisonment for violating a ban on selling land to Israelis, two senior Palestinian officials said on Sunday.
Congo's political standoff deepened on Sunday after the top court backed the contested presidential election victory of Felix Tshisekedi, then his main rival rejected the ruling, called for protests and declared himself leader.
Police fired tear gas to disperse protesters outside parliament on Sunday as tens of thousands of Greeks rallied in Athens to protest ahead of next week's parliamentary vote to ratify a name deal with Macedonia.
A crackdown last week on protests in Zimbabwe is a foretaste of how the government will respond to future unrest, the president's spokesman was quoted saying on Sunday, fuelling concerns that the southern African country is reverting to authoritarian rule.
Meng Wanzhou, Huawei’s finance chief and daughter of its founder, helped lead the company’s effort to improve its image. With her arrest, she’s caught up in one of the probes ensnaring the company around the world.
Snap in recent weeks pushed out two senior executives after an investigation found that one of them had allegedly engaged in an inappropriate relationship with an outside contractor.
The federal government’s privacy investigation into Facebook appears to be nearing a conclusion, with the prospect of a large fine looming for the social-media giant.
The increases can mean higher costs for pharmacies and patients on what are generally cheaper generic drugs. Drugmakers say the price increases reflect higher costs they have incurred to help fill supply voids.
Global-health groups that buy and distribute medicines are a sure bet for saving lives, but their government funding is now in danger, and even the biggest philanthropies can’t fill the gap.
The eurozone’s economic slowdown has taken European Central Bank officials by surprise, potentially disrupting their plans to lift short-term interest rates this year.
The Trump administration set final rules for a new deduction that will provide significant savings for many business owners, providing more clarity for real-estate owners and service-industry businesses.
An index of U.S. consumer sentiment fell to its lowest level in more than two years in January, amid worries about the government shutdown, trade tensions, volatile markets and a cooling global economy.
Utah has had the fastest-expanding labor force of any U.S. state since January 2010—a key ingredient for economic growth and one that provides an example for the nation as a whole.
Labor Secretary Alexander Acosta said Thursday that more than doubling the federal minimum wage would result in a loss of jobs in the U.S.
Rio Tinto calls it the world’s largest robot: mile-long driverless trains traversing the sparsely populated Australian Outback. American railroad companies call it the future.
Frustrated and fatigued by social-media challenges, businesses and others looking for an audience turn to an old standby.
The fast fall of PG&E after California’s wildfires is a jolt for companies considering the uncertain risks of a warming planet.
Pop singer R. Kelly and Sony’s RCA Records label are parting ways, amid renewed scrutiny of sexual-abuse allegations against the R&B artist.
Tesla is cutting its full-time workforce by 7% to help lower costs so it can sell the Model 3 sedan at a lower price. Shares fell 13%.
A winter storm threatening a wide stretch of the country could keep travelers grounded over the long holiday weekend, another headache for passengers already facing the prospect of lengthy security lines at some airports.
Facebook Inc. Chief Operating Officer Sheryl Sandberg said the company will work with the German ministry for information security in a broad effort to guide policy here and throughout Europe on election interference.
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Active managers may see a greater exodus this year as they find it difficult to justify their hefty fees.
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Sam's Club offers store-only and MasterCard credit cards with several membership and rewards program options.
Here are the top dividend-paying stocks in the legal marijuana industry.
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Recent buy signals suggest upside potential for shares of this cloud-based enterprise software company.
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Casino and gaming stocks have bounced strongly off December lows and could enter new uptrends in coming weeks.
Facebook will need to show investors it can still grow earnings.
American Express is trading lower after a mixed earnings report disclosed a 14% increase in loan loss reserves.
The U.S. pharmacy chain has partnered with two tech giants in an aggressive defensive battle against Amazon.
Volatility has made a hiatus in early 2019. Here are three ETFs to profit from should it return.
The negative reaction to Netflix’s results helped vindicate bearish calls, although many short sellers are still sitting on heavy losses.
Johnson & Johnson heads into earnings after steep December declines. Investors should focus on results in its pharma and medical devices segments.
Investors who believe in the longer-term story for Netflix had a chance to buy the stock on weakness in after-hours trading on Thursday.
The streaming giant had a decent fourth-quarter, yet its figures weren’t impressive enough to satisfy the high expectations priced into its stock.
Defensively-minded investors have flocked to low volatility stocks, sending their relative valuations soaring to record highs.
Vanguard founder John C. Bogle, who changed investing forever for ordinary Americans, wrote a dozen books over his lifetime, selling over 1.1 million copies worldwide.
A large number of tariff-sensitive stocks could rally on a trade truce.
Viking Therapeutics fell earlier this week after Citron Research released a bearish report on licensor Ligand Pharma, but shares recovered on Thursday.
Bank of America Merrill Lynch says many stocks are selling at attractive prices even amid the recent rebound.
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Netflix stock is overbought after rallying more than 120 points in three weeks, raising the odds for a post-earnings decline.
A limit order sets the maximum or minimum at which you're willing to buy or sell. A stop order will be executed only when the stop price is reached.
Morgan Stanley stock is trading lower after it missed fourth quarter expectations, but strong support should limit downside.
A number of indicators point to the highest risk of a recession since the 2008 financial crisis, with negative implications for stocks.
The healthy drinks manufacturer added that retailers are queuing up to sell its cannabis-infused beverages.
These tech players could rise at least 20% during a time of heightened market volatility, says Morgan Stanley.
The short seller questioned the credibility of Ligand Pharmaceuticals’ partners and pipelines.
Interest rates can have a complicated ripple effect through financial markets. Learn more about how they specifically impact the stock market.
Close to 200 companies went through the IPO process in 2018.
The VIX fear gauge is near a recent low, but 5 other volatility metrics may point to market turmoil ahead.
Most of the FAANGs are positioned to rise on superior revenue and earnings growth.
AMD will need to deliver strong fourth quarter results and guidance after a disappointing third quarter.
Bank of America and Goldman Sachs reported strong fourth quarter earnings, which alleviated concerns following weak earnings elsewhere.
While most small caps are bouncing off deep lows this January, a few mavericks are trading at new highs.
Nearby resistance on the charts of key dividend-related assets suggests that prices could be headed lower over the months to come.
The recent lift in price alongside unusual accumulation signals suggest that Chipotle stock could be worth a spot in a growth-oriented portfolio.
IBM is one of the "Dogs of the Dow." The stock set its all-time high of $215.90 in March 2013 and declined to a multi-year low of $105.94 on Dec. 26.
Corporate profit margins are under pressure from a variety of forces, but these stocks are bucking the trend.
Goldman Sachs stock is trading higher after it beat fourth quarter expectations, but heavy resistance is likely to end the advance.
After historic achievements in 2018, what can the cannabis industry expect to face next?
We believe that exchange-traded funds were a driver of the cascade of selling last year.
What will be the fallout from Britain's failed Brexit deal? Explore these three ETPs that provide investment exposure to the United Kingdom.
Snap’s shares plummeted after Chief Financial Officer Tim Stone became the latest top executive to leave the company.
Despite the January rally, many investors shaken by the turmoil in the last year are searching for funds that post strong long-term performance in both bull and bear markets.
William Barr came across as more open-minded than Jeff Sessions, even if he personally would like to see marijuana banished from the U.S.
Asset sales and other steps would sharply reduce GE's risk profile.
Investors are looking closely at companies with large sales exposure to China.
After posting a significant breakout in 2018, AMD stock is showing a bullish chart pattern that could imply additional upside potential.
Stocks rise but challenges loom as Brexit plan stalls
Though most ETFs take time to grow, these funds were significant from the time they launched.
New Age Beverages extended its rally on Tuesday morning as options traders scooped up near-term call options.
These exchange-traded funds stood out from their peers last year.
A decline in real estate investment trusts marked a boon for bearish ETFs.
These materials ETFs rose to the top of the ranks last year.
These ETFs rose to the top in the information technology sector last year.
The newest sector has a small pool of dedicated ETFs.
In a tough year for the industrials sector, these ETFs performed better than their peers.
While many consumer staples funds declined overall in 2018, these ETFs managed to eke out positive returns.
These funds beat out their competitors to provide the strongest returns of 2018.
CEO Hastings has set a high bar by forecasting extremely strong subscriber growth.
JPMorgan Chase is selling off after missing fourth quarter estimates. The stock could break the 2018 low in the coming months.
The bounce in business services stocks may be about to end. Discover three trading ideas to capitalize on short-term selling pressure.
Widely respected investor Jim Paulsen says the U.S. has avoided a recession.
Computer-driven investment funds are now short sellers of virtually every asset class, an ominous portent for the markets.
Housing stocks, which have rebounded this year with the market, are still far off their one-year highs and could continue to plunge even further as the fundamentals of the U.S. housing industry weaken.
Aurora, one of the world's largest cannabis companies, will outline its expansion plans soon.
Regulators have taken a tougher stance on online gambling.
The recent breakouts beyond key resistance levels on the charts used to follow the precious metals market suggest that prices are headed higher.
American Express stock soared 127% from $50.27 in February 2016 to $114.55 in December 2018. This makes Fibonacci retracements a tool to use.
Some compelling opportunities may be emerging among the smallest shares around us as we head into the new year.
The struggling retailer has filed for bankruptcy.
UnitedHealth stock is in correction territory at 14% below its all-time high but is up 6.8% from its Dec. 26 low of $231.81.
Bank earnings dominate the week ahead on Wall Street. Explore three trading opportunities using inverse financial ETFs.
Many energy stocks ended the year with losses, paving the way for gains for inverse ETFs.
The communications sector was redefined in 2018 to include companies from a bunch of diverse sectors, including technology and consumer discretionary. It rode the swell of stock market movement but is down by 5.6%, as of this writing, after the November crash.
Consumer staples stocks faced several headwinds this year, from increased commodity costs to a hiking of interest rates by the Fed. The end result was that the sector - which is a refuge during times of volatility - is down from the start of this year.
In the booming economy of 2018, consumer discretionary stocks were skyrocketing until they weren’t. Here is a brief rundown of the top 5 stocks in this sector.
Lululemon Athletica shares moved sharply higher on Monday morning the company issued strong holiday sales guidance.
The Dow Jones Transportation Average has bounced after hitting a two-year low, but short sellers may be lining up to reload positions.
Pot stocks had a wild ride in 2018, but before you open your wallet to get a piece of the action, here are a few things that could help you.
Like many IPOs that boom and bust, most people have forgotten about El Pollo Loco, but the stock now has one of the best charts in the S&P 1500.
Bank of America is the second largest of the "too big to fail" money center banks. The stock has a P/E ratio of 10.94 and a dividend yield of 2.31%.
As market volatility picks up, outperforming fund manager Kyle Weaver describes three of his favorite stocks.
President Donald Trump said on Sunday that his proposed immigration deal to end a 30-day partial government shutdown would not lead to amnesty for "Dreamers," but appeared to signal support for amnesty as part of a broader immigration agreement.
U.S. President Donald Trump pursued a business deal to erect a tower bearing his name in Moscow throughout 2016, his attorney said on Sunday, raising new questions for congressional investigators looking into possible ties between the president and Russia.
U.S. President Donald Trump proposed an immigration deal on Saturday in a bid to end a 29-day partial government shutdown, including temporary protections for "Dreamers" and other immigrants, but Democrats immediately dismissed it.
U.S. Senator Lindsey Graham said on Saturday he hoped President Donald Trump would slow the U.S. withdrawal from Syria until Islamic State is destroyed, warning that, if not thought through, the pullout can create an "Iraq on steroids".
U.S. Senator Kirsten Gillibrand made her maiden voyage to the critical primary state of Iowa over the weekend, laying out her case that she is the best Democrat to challenge President Donald Trump in the U.S. presidential election in 2020.
U.S. President Donald Trump laid out a proposal on Saturday to end a 29-day partial government shutdown, standing by his demand for $5.7 billion to build a barrier on the U.S.-Mexico border but offering some concessions to Democrats.
U.S. House of Representatives Speaker Nancy Pelosi on Saturday said an upcoming proposal by President Donald Trump to provide temporary protections for some undocumented immigrants in return for building a wall on the southwestern border with Mexico was "unacceptable."
Special Counsel Robert Mueller's office on Friday disputed key elements of a media report that President Donald Trump directed his former lawyer to lie to Congress about a Moscow real estate deal, raising questions about a story that has dominated U.S. news coverage for the past 24 hours.
U.S. President Donald Trump said on Saturday he was grateful to Special Counsel Robert Mueller for a statement disputing a BuzzFeed News report that Trump directed his former lawyer to lie to Congress about a Moscow real estate deal.
Republican U.S. Senator Lindsey Graham said on Saturday the relationship between the United States and Saudi Arabia cannot move forward until Saudi Crown Prince Mohammed bin Salman is "dealt with", without being more specific.
Two years after filling the streets of U.S. cities to protest the start of Donald Trump's presidency, women will march again this weekend to try to build political pressure against him ahead of the 2020 elections.
U.S. Special Counsel Robert Mueller's office issued a statement late on Friday taking issue with a report in Buzzfeed that President Donald Trump's former lawyer Michael Cohen said Trump told him to lie to Congress.
U.S. officials spoke with officials from Ecuador's British embassy on Friday about an alleged meeting there between President Donald Trump's former campaign manager, Paul Manafort, and WikiLeaks founder Julian Assange, an Ecuadorean government source said.
U.S. President Donald Trump will hold a second summit with North Korean leader Kim Jong Un in late February but will maintain economic sanctions on Pyongyang, the White House said on Friday after Trump met Pyongyang's top nuclear negotiator.
U.S. House Speaker Nancy Pelosi on Friday accused President Donald Trump of putting American troops and civilians working in Afghanistan in danger by publicizing a planned congressional trip to the war-torn country, as tensions between the leaders spiked on the 28th day of a partial government shutdown.
President Donald Trump said on Friday he will make a "major" announcement on Saturday at 3 p.m. EST (2000 GMT) on "the humanitarian crisis on our southern border" and the partial government shutdown, now in its 28th day.
It is looking increasingly likely that the U.S. Supreme Court will not hear Trump administration appeals involving the "Dreamers" immigrants, transgender troops and gay rights during its current term, meaning rulings in these major cases may not come until next year.
U.S. President Donald Trump spoke in a prerecorded video to thousands of anti-abortion activists in Washington on Friday for the 46th March for Life, vowing to veto any legislation that "weakens the protection of human life."
The U.S. Supreme Court on Friday canceled arguments that had been scheduled for next month in an appeal by President Donald Trump's administration relating to its contentious move to add a citizenship question to the 2020 U.S. census.
A Democratic U.S. senator on Friday asked the FBI to probe whether Homeland Security Secretary Kirstjen Nielsen committed perjury when she testified to Congress that the administration never had a policy to separate immigrant families.
LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year's jump in stock market volatility that effectively...
Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business...
John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the...
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and...
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large...
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the...
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors opened an office in London and hired two portfolio managers as the firm seeks to make more investments outside of the United...