Market News
Altria is taking a $4.1 billion charge on its investment in Juul amid mounting litigation
CNBC - 30 Jan 2020 16:51
Altria invested $12.8 billion in Juul in December 2018 for a 35% stake in the company as it looked to expand beyond traditional cigarettes.
What Do Morgan Stanley, Visa, Amazon, The NASDAQ And The S&P All Have In Common?
Forbes - 30 Jan 2020 03:42
They all gapped down on Monday and then filled the gap on Tuesday and Wednesday -- but without making it back to previous January peaks.
Oreo maker Mondelez says coronavirus could hurt sales in first quarter
CNBC - 30 Jan 2020 23:50
Mondelez has closed two factories near the epicenter of the coronavirus outbreak for 10 days to combat the risk of infection.
WHO Declares Coronavirus A Global Public Health Emergency; Doesn't Blame China
Forbes - 30 Jan 2020 22:16
WHO declares coronavirus a global health emergency, but says it is not a "vote of no confidence in China".
Truist Shares Plunge After Bank Says Cost-Cutting Is Slow
Wall Street Journal - 30 Jan 2020 21:46
The bank said it would reach 30% of its expected merger-related savings in 2020, below its original target of 50%.
Intelsat Bonds Fall on Fears Over FCC Auction Plan
Wall Street Journal - 30 Jan 2020 20:15
The bonds plummeted to record lows Thursday as concerns grew that the company will receive far less than expected when the FCC auctions off the C-band spectrum.
AMLO Facing Weakest Two Years In Office Since Mexico's 'Tequila Crisis'
Forbes - 30 Jan 2020 20:12
But the bond market loves Mexico, regardless. Here's what's driving capital to Mexico these days.
Investors Should Get Used to 2% Growth
Wall Street Journal - 30 Jan 2020 19:43
The Commerce Department's latest GDP report offers a mixed bag of details.
Treasury Will Sell $84 Billion in Debt
Wall Street Journal - 30 Jan 2020 19:24
The U.S. Treasury Department's auctions next week will comprise $45 billion in 13-week bills and $39 billion in 26-week bills.
With A New Decade Comes New Disruption: Trends For 2020 And Beyond.
Forbes - 30 Jan 2020 18:17
No one knows for sure how the market will play out in 2020. But look for renewable energy, EVs, wearables and cannabis to play a big role
Alphabet Earnings: Might Google Make A Fourth Quarter Comeback?
Forbes - 30 Jan 2020 18:12
Key Takeaways:Third-party analyst consensus sees quarterly adjusted earnings of $12.55 per share on revenue of $46.93 billion.
Culture Is The Most Surprising Reason Microsoft Stock Will Keep Rising
Forbes - 30 Jan 2020 17:48
Microsoft just beat and raised. And its ability to keep doing that each quarter springs from CEO Satya Nadella's cultural revolution. Here's why that makes the stock a buy.
Central-Bank Boyfriend Stays Unreliable to the End
Wall Street Journal - 30 Jan 2020 17:28
Mark Carney is famous for telling markets what he will do and then doing something else. It is only fitting that he left investors clueless ahead of his last interest-rate decision as Bank of England governor.
World Health Organization To Decide Whether Wuhan Coronavirus A Global Health Emergency
Forbes - 30 Jan 2020 17:10
The WHO will announce later today whether the latest China viral outbreak is a global pandemic. Meanwhile, air travel to and from China collapsing.
Amazon In The Wings As Earnings Loom, But Coronavirus Fears Now Front And Center
Forbes - 30 Jan 2020 16:25
Hong Kong shares fell 2.6% overnight amid virus fears, and that's a tough platform for U.S. markets to start off from. Amazon is the key earnings to watch later, but right now people are still digesting Tesla, Microsoft,...
U.S. Regulators Set to Ease Limit on Banks' Venture Capital Investments
Wall Street Journal - 30 Jan 2020 16:22
U.S. regulators led by the Federal Reserve on Thursday were prepared to propose removing a 3% limit on the stakes that banks can own in venture capital funds, the latest step in easing the postcrisis regulations known as...
Commodities Slump on Fears Coronavirus Will Dent Chinese Demand
Wall Street Journal - 30 Jan 2020 16:16
Commodities including crude oil and copper fell Thursday, extending their recent slide on concerns that the worsening coronavirus outbreak would pare Chinese demand for raw materials.
General Mills's Cash Flow Increases The Safety Of Its Dividend Yield
Forbes - 30 Jan 2020 16:14
General Mills (GIS) is the featured stock in January's Safest Dividend Yields Model Portfolio.
How Much Revenue Can Norfolk Southern's Intermodal Business Generate By 2020?
Forbes - 30 Jan 2020 16:00
Norfolk Southern's intermodal freight, which refers to the shipment of containers that can be moved from one form of transport to another, accounts for over a quarter of Norfolk Southern's total revenue, and it will like...
H&M Finally Has a More Fashionable Look
Wall Street Journal - 30 Jan 2020 15:50
H&M, the world's second-biggest fashion retailer, is finally figuring out what today's shoppers want.
Snap To Miss Consensus For FY 2019?
Forbes - 30 Jan 2020 15:30
Snap is slated to release its Q4 and full-year 2019 results on February 4, 2020. We believe that Snap's Revenues will be slightly lower than consensus and earnings in line with consensus. We expect Snap to report revenue...
Leveraged-ETF Seller Urges Investors to Fight Proposed Regulation
Wall Street Journal - 30 Jan 2020 15:28
A U.S. securities regulatory proposal threatens to shake up the market for exchange-traded funds that draw on derivatives to amplify returns, and a top seller of those funds is urging its investors to push back.