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Germany and France Renew Their Vows, but Challenges Abound
Date: Tue, 22 Jan 2019 16:55:38 GMT
From https:
A ceremony intended to shore up Europe's core highlighted the daunting challenges the Continent faces, from populism to a wobbly American alliance.


DealBook: Chilling Davos: A Bleak Warning on Global Division and Debt
Date: Tue, 22 Jan 2019 08:00:03 GMT
From https:
An influential financier says investors should pay heed to growing risks and social tensions -- a message resonating at the World Economic Forum.


E.U. Fines Mastercard $650 Million Over Fees Merchants Were Forced to Pay
Date: Tue, 22 Jan 2019 17:15:23 GMT
From https:
By preventing retailers from paying the lowest payment-processing fees possible, the credit card company hurt sellers and consumers alike, antitrust regulators said.


Starbucks isnat as popular as it used to be, so itas trying delivery
Date: Tue, 22 Jan 2019 09:00:00 PST
From feeds.latimes

Coffee delivery to the office? No problem. The soccer field? Sure thing. The whole world is a Starbucks now.

As Starbucks Corp. grapples with slowing foot traffic and a glut of competition, itas hoping to snag new customers by meeting them where they are a literally. The company is introducing...



U.S. home sales plunged 6.4% in December, pushing down price growth
Date: Tue, 22 Jan 2019 08:40:00 PST
From feeds.latimes

U.S. home sales cratered in December, causing price growth to slip to the lowest level in nearly six years as the housing sector ended 2018 on a decidedly weak note.

The National Assn. of Realtors said Tuesday that sales of existing homes plunged 6.4% to a seasonally adjusted annual rate of 4.99...



PG&E lines up $5.5 billion to fund two-year bankruptcy process
Date: Tue, 22 Jan 2019 07:35:00 PST
From feeds.latimes

PG&E Corp. has arranged $5.5 billion to fund its operations during a bankruptcy process that it expects to take about two years. Its stock climbed on the news.

Four banks agreed to provide debtor-in-possession funding including a $3.5-billion revolving credit facility, the embattled California...



Stocks slip on worries about economic growth
Date: Tue, 22 Jan 2019 06:55:00 PST
From feeds.latimes

Stocks are slipping Tuesday morning on Wall Street amid new signs the global economy is slowing.

China said its economy was growing at the slowest pace in nearly three decades, and the International Monetary Fund cut its 2019 growth forecast, pointing to heightened trade tensions and rising interest...



Why are glasses so expensive? The eyewear industry prefers to keep that blurry
Date: Tue, 22 Jan 2019 05:00:00 PST
From feeds.latimes

Itas a question I get asked frequently, most recently by a colleague who was shocked to find that his new pair of prescription eyeglasses cost about $800.

Why are these things so damn expensive?

The answer: Because no one is doing anything to prevent a near-monopolistic, $100-billion industry from...



Visionary Elon Musk is forced to focus on the mundane to keep his Tesla dream alive
Date: Tue, 22 Jan 2019 04:00:00 PST
From feeds.latimes

Elon Musk set out to build a different kind of car company. He succeeded.

Now heas dealing with the consequences.

As became clear over the past week and a half, the man whose mission is to help save Earth for humanity through sustainable transportation and energy a and colonize Mars as a backstop...



How Huawei Wooed Europe With Sponsorships, Investments and Promises
Date: Tue, 22 Jan 2019 10:00:10 GMT
From https:
As the Chinese telecommunications giant faces scrutiny over its security, its careful cultivation of European governments and customers is at risk of unraveling.


DealBook: Chilling Davos: A Bleak Warning on Global Division and Debt
Date: Tue, 22 Jan 2019 08:00:03 GMT
From https:
An influential financier says investors should pay heed to growing risks and social tensions -- a message resonating at the World Economic Forum.


These Days, ‘You Practically Need a Ph.D.’ to Figure Out Frequent-Flier Status
Date: Tue, 22 Jan 2019 16:21:44 GMT
From https:
Airlines' most valuable customers -- the ones who fly and spend the most -- get lots of perks. For everyone else, it has become more complicated to qualify.


Square Feet: ‘Boutique’ Co-Working Spaces Find a Niche Nurturing Small Businesses
Date: Tue, 22 Jan 2019 16:55:09 GMT
From https:
Seeking to distinguish themselves from big rivals like WeWork and Regus, operators of co-working spaces in smaller cities try to provide a personal touch.


Carlos Ghosn Is Denied Bail as Jail Stint Looks to Continue
Date: Tue, 22 Jan 2019 12:07:48 GMT
From https:
A Tokyo court rejected an offer that the fallen Nissan chairman hire private security guards and surrender all of his passports.


Stocks Dip as Investors Fear a Weakening Global Economy
Date: Tue, 22 Jan 2019 16:44:53 GMT
From https:
Stocks across the world are down Tuesday as investors again grow concerned about signs the global economy is weakening. The International Monetary Fund trimmed its economic forecasts for 2019 and 2020 and pointed to risks including trade tensions and rising interest rates. China's government said its economy grew in 2018 at the slowest pace since 1990.

Germany and France Renew Their Vows, but Challenges Abound
Date: Tue, 22 Jan 2019 16:55:38 GMT
From https:
A ceremony intended to shore up Europe's core highlighted the daunting challenges the Continent faces, from populism to a wobbly American alliance.


DealBook Briefing: World Economic Forum Begins With a Warning
Date: Tue, 22 Jan 2019 12:21:17 GMT
From https:
An influential financier says investors should pay heed to growing social tensions -- and the message is resonating at the gathering in Davos, Switzerland.


Backlash Over Ad Depicting Naomi Osaka With Light Skin Prompts Apology
Date: Tue, 22 Jan 2019 11:52:26 GMT
From https:
The Japanese instant-noodle brand Nissin's ad featured a cartoon version of the biracial tennis star that changed her features.


Oceans Are Getting Louder, Posing Potential Threats to Marine Life
Date: Tue, 22 Jan 2019 07:30:10 GMT
From https:
Increasing ship traffic, sonar and seismic air gun blasts now planned for offshore drilling may be disrupting migration, reproduction and even the chatter of the seas' creatures.


Government Shutdown: Updates on Where Things Stand
Date: Tue, 22 Jan 2019 15:53:09 GMT
From https:
It has now been a month since the first day of the government shutdown, which has had wide-ranging effects across the United States.


Mediator: BuzzFeed News in Limbo Land
Date: Tue, 22 Jan 2019 16:06:02 GMT
From https:
From the posting of the dossier to the publication of a story now in dispute, BuzzFeed News is learning about the perils of the chase.


Trump Administration Spells Out Who Wins and Loses From New Tax Break
Date: Tue, 22 Jan 2019 16:54:51 GMT
From https:
The Internal Revenue Service issued regulations governing a 20 percent deduction for so-called pass-through companies.

Currencies: British pound leads currency gainers, Japanese yen finds haven demand
Date: Tue, 22 Jan 2019 18:10:10 GMT
From marketwatch.com
While the U.S. dollar remains muted and the haven Japanese yen gains on the back of Chinaas slowing economic data released over the weekend, the Brexit-ridden British pound climbs to lead currency gainers on Tuesday.


The Technical Indicator: S&P 500 reaches firmer technical ground, pulls in from major resistance
Date: Tue, 22 Jan 2019 18:05:24 GMT
From marketwatch.com
Technically speaking, the U.S. benchmarksa January rally attempt is intact, writes Michael Ashbaugh. Still, the S&P 500 has tagged major resistance a the 2017 close (2,673) a and the aggressiveness of the selling pressure in this area will likely add color.


Grow: Jeannie Mai, co-host of aThe Real,a on how she started out with just $271
Date: Tue, 22 Jan 2019 17:55:24 GMT
From marketwatch.com
Mai opens up about how she stretched her money in Hollywood, and theA art of the side hustle


NerdWallet: Rethinking your investment strategy? Here are some tactics to consider
Date: Tue, 22 Jan 2019 17:50:49 GMT
From marketwatch.com
Set goals and protect against losses, especially if you need to tap stock investments before retirement.


1,500 private jets expected at Davos, where attendees are discussing asafeguarding our planeta from climate change
Date: Tue, 22 Jan 2019 17:50:40 GMT
From marketwatch.com
Owning a private jet might become too expensive, even for the ultra-wealthy.


TaxWatch: One in 5 taxpayers risk a penalty from the IRS for withholding too little in taxes for 2018 a hereas how you avoid it
Date: Tue, 22 Jan 2019 17:50:10 GMT
From marketwatch.com
IRS is more generous with waivers this year, but you still might get hit.


Emerging Markets Report: Hereas what really worries investors about Chinaas slowdown
Date: Tue, 22 Jan 2019 17:48:37 GMT
From marketwatch.com
Data over the weekend showing Chinaas economy saw its weakest growth since 1990 casts gloom over financial markets as U.S. traders return Tuesday from a three-day weekend. But itas a downbeat shift in rhetoric from President Xi Jinping that investors shouldnat ignore, says one analyst


Next Avenue: 4 people who learned to love the gymaand you can, too
Date: Tue, 22 Jan 2019 17:48:16 GMT
From marketwatch.com
Find fitness, new friends, and embrace your inner agym rat.a


Next Avenue: Your guide to all of the changes to Medicare in 2019
Date: Tue, 22 Jan 2019 17:47:18 GMT
From marketwatch.com
A rundown from the president of the Medicare Rights Center on how your coverage will be affected.


Health Exchange: Good news: Getting enough sleep could be more important for losing weight than skipping late-night snacks
Date: Tue, 22 Jan 2019 17:40:19 GMT
From marketwatch.com
More attention should be paid to healthy portions rather than maintaining a two-hour window between eating and sleeping, new research suggests.


Dow industrials down 413.46 points, or 1.7%
Date: Tue, 22 Jan 2019 18:19:48 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Nasdaq Composite off 2% at 7,012.94
Date: Tue, 22 Jan 2019 18:18:12 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


S&P 500 down 1.7% at 2,625.11
Date: Tue, 22 Jan 2019 18:17:45 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Dow falls 400 points as stock market extends losses
Date: Tue, 22 Jan 2019 18:17:27 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Feb. gold up $1.40, or 0.1%, at $1,284/oz after $1,276.70 low
Date: Tue, 22 Jan 2019 18:10:53 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Gold futures trade modestly higher ahead of the Comex settlement
Date: Tue, 22 Jan 2019 18:10:53 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Royal Dutch Shell downgraded to underweight at Morgan Stanley
Date: Tue, 22 Jan 2019 17:45:06 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Altria downgraded to underweight at Morgan Stanley
Date: Tue, 22 Jan 2019 17:44:07 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Immunomedics downgraded to equal weight at Morgan Stanley
Date: Tue, 22 Jan 2019 17:43:48 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


GasLog downgraded to equal weigh at Morgan Stanley
Date: Tue, 22 Jan 2019 17:42:06 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


All 30 energy ETF components fall as oil prices tank
Date: Tue, 22 Jan 2019 18:11:06 GMT
From feeds.marketwatch

The SPDR Energy Select Sector ETF dropped 2.1% Tuesday, with all components trading lower, following disappointing earnings from Halliburton Co. and as concerns over a global economic slowdown triggered weakness in oil prices. Halliburton's stock was the energy ETF's (XLE) biggest decliner, as it slumped 5.0% despite earnings and revenue that topped expectations, with some analysts citing somewhat downbeat guidance for its North America business and margin headwinds. Among the XLE's other more-active components, shares of Schlumberger Ltd. sank 2.1%, Kinder Morgan Inc. dropped 1.4% and Marathon Oil Corp. shed 2.3%. Meanwhile, crude oil futures slid 2.8%. The XLE has now dropped 11.6% over the past three months, while crude futures have tumbled 24% and the S&P 500 has slipped 4.6%.

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.



46 Attorneys General reach $120 million settlement with J&J over hip implants
Date: Tue, 22 Jan 2019 17:25:45 GMT
From feeds.marketwatch

New York Attorney General Letitia James said Tuesday that she and 45 other Attorneys General have reached a $120 million settlement with Johnson & Johnson to resolve allegations that the company unlawfully promoted its metal-on-metal hip implant devices. Specifically, J&J's DePuy business "engaged in unfair and deceptive practices in its promotion of the ASR XL and Pinnacle Ultamet hip implant devices by making misleading claims as to the longevity, also known as survivorship, of metal-on-metal hip implants," James said in a statement. DePuy advertised that the ASR LX hip implant had a survivorship rate of 99.2% at three years, when the National Joint Registry of England and Wales reported a 7 percent revision rate at three years. Patients who needed implant revision surgery to replace failed implants suffered groin pain, allergic reactions, tissue necrosis and a build-up of metal ions in the blood. The ASR XL was recalled in 2010 and the Pinnacle Ultamet was discontinued in 2013. J&J shares were down 2.3% Tuesday, and have fallen 13.8% in the last 12 months, while the S&P 500 has fallen 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.



Dow backs away from test of key Fibonacci retracement level
Date: Tue, 22 Jan 2019 17:08:36 GMT
From feeds.marketwatch

The Dow Jones Industrial Average dropped 295 points in midday trade Tuesday, as the blue-chip barometer backs away from a test of a key Fibonacci retracement level. Chart watchers use the Fibonacci ratio of 0.618, which is also known as the "Golden," or "Divine" ratio, given its existence through the natural world, as a key technical level to watch. They figure and retracement that stays within 61.8% of the previous trend's move remains governed by that previous trend. For the Dow, the previous trend was the 5,036-point, or 18.8% tumble, from the Oct. 3 record close of 26,828.39 to the 15-month low of 21,792.20 on Dec. 24; Friday's close at 24,706.35 represented a 57.9% retracement of that decline. A close above the 61.8% Fibo target of 24,904.57 would indicate that the recent rally was now part of a new uptrend.

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.



PetMed Express shares fall 10% after earnings miss
Date: Tue, 22 Jan 2019 16:55:28 GMT
From feeds.marketwatch

PetMed Express Inc. shares fell about 10% Tuesday, after the company posted weaker-than-expected earnings for its fiscal third quarter. Delray Beach, Fla.-based PetMed said it had net income of $7.8 million or 38 cents a share, in the quarter, down from 49.1 million, or 44 cents a share, in the year-earlier period. Sales were flat at $60.1 million. The FactSet consensus was for EPS of 48 cents and sales of $64.3 million. "The market was much more competitive during the quarter, and as a result we gave additional discounts to our customers to stimulate sales, which had a negative effect on our gross margins," Chief Executive Menderes Akdag said in a statement. "We will continue to be aggressive with pricing and promotions, and increase advertising to address this more competitive online market." On a call with analysts, Akdag said the company will promote its experience in dispensing prescription medicines, which are much more difficult that over-the-counter medicine. The company will increase advertising offline, he said, mostly television and some mail or print advertising. Shares have fallen 56% in the last 12 months, while the S&P 500 has fallen 6.9%.

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.



IBM's stock falls ahead of earnings report that has usually led to losses
Date: Tue, 22 Jan 2019 16:35:38 GMT
From feeds.marketwatch

Shares of International Business Machines Corp. dropped 0.8% in morning trade Tuesday, ahead of the technology company's fourth-quarter report due out after the bell. History suggests investors have good reason to be cautious ahead of the report, given that the stock's one-day, post-earnings reaction has been negative after 16 of the past 20 reports even though EPS beat expectations in 18 of the reports, including the past 16 in a row. Of those post-earnings reactions, the average of the 16 declines was 4.4% and the average of the four gains was 3.6%. IBM's stock has lost 5.6% over the past three months, while the Dow Jones Industrial Average has slipped 3.2%.

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.



AMC shares slide 5% after B. Riley downgrades stock to neutral from buy
Date: Tue, 22 Jan 2019 16:32:45 GMT
From feeds.marketwatch

AMC Entertainment Holdings shares slid about 5% Tuesday, after B. Riley downgraded the stock to neutral from buy, citing a range of issues including possible margin pressure from its Stubs A-List loyalty program. The program allows users see up to three films a week in any format for a starting price of $19.95. Analyst Eric Wold noted that the program's membership rose from 388,000 in the third quarter to more than 600,000 in the fourth quarter. "Given the strong end to the year's box office results (vs. original expectations) and knowing that Stubs A-List members have used their subscriptions at higher-than-average levels in the earlier months, we would not be surprised by the same pressures on average ticket price, average concessions per patron, and film rental margins," Wold wrote in a note. Other concerns he has include that consensus numbers for the first quarter and full year 2019 are aggressive, given his box office outlook, and the potential that the company's high net debt ratio compared to peers could hold back valuation multiples. "We would look to revisit our investment rating and valuation outlook on the shares as more visibility is gained into the success/impact of the Stubs A-List subscription program and as the company/industry enters the expected stronger box office trends during the upcoming spring/summer period," he wrote. Wold cut his stock price target to $17 from $29, which is still 24% above its current trading level. AMC shares have gained 3.9% in the last 12 months, outperforming the S&P 500 , which has fallen 6.6%.

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.



Editas stock down 21% after announcing CEO departure
Date: Tue, 22 Jan 2019 16:06:18 GMT
From feeds.marketwatch

Shares of Editas Medicine, Inc. plummeted 21% on Tuesday after the company announced that Chief Executive and President Katrine Bosley would be stepping down from her role, effective March 2019. Bosley also resigned from the company's board of directors, but will continue in an advisory role until the 2019 to facilitate a smooth transition, the company said. Cynthia Collins, a member of the company's board and former CEO of Human Longevity Inc., will serve as interim chief executive officer while the company searches for a permanent CEO. Bosley joined Editas as CEO in 2014, after working as an entrepreneur in residence at the Broad Institute and helming Avila Therapeutics, which was acquired by Celgene Corporation , as CEO. Shares of Editas Medicine, which develops therapies using the gene-editing technology Crispr, have fallen 9% in the year to date, while the iShares Nasdaq Biotechnology ETF has gained 12.8%. The S&P 500 has gained 5.5%.

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.



Instinet still bullish on Stanley Black & Decker after guidance disappoints
Date: Tue, 22 Jan 2019 15:39:17 GMT
From feeds.marketwatch

Stanley Black & Decker Inc. shares slid more than 15% Tuesday, after the company posted 2019 adjusted per-share earnings guidance that lagged consensus numbers. The company posted better-than-expected profit and sales for the fourth quarter, but then disappointed with guidance of $8.45 to $8.54, that was below the $8.79 FactSet consensus. Instinet analyst Michael Wood said the shortfall appears to be related to volume growth, which is implied at 1.5% to 2.0% by its forecasts, well below the 5% achieved in the fourth quarter. The company is likely taking a conservative stance after it had to cut 2018 guidance with its third-quarter release, he said. "We expect investors to reward companies that demonstrate demand resiliency in this tough growth environment, and we believe SWK is growing faster than its end markets, thanks to Craftsman (~+2% growth accretion estimated) and overall product innovation," Wood wrote in a note. Instinet rates the stock a buy with a $172 stock price target, equal to 48% above its current trading level. Shares have fallen 34% in the last 12 months, while the S&P 500 has fallen 6.5%.

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.



Calvin Klein parent PVH downgraded on challenges from competition
Date: Tue, 22 Jan 2019 15:28:58 GMT
From feeds.marketwatch

Calvin Klein parent PVH Corp. shares are down 3.5% after the stock was downgraded to market perform for the first time in eight years at Cowen. The stock was previously at outperform. Cowen analysts cited hurdles from competing clothing vendors, a challenging wholesale channel in North America and supply chain headwinds in their note. "Our view is that there is a high potential that either top-line or margin profile could disappoint as Calvin Klein begins a period of restructuring," the note said. Analysts are also concerned about adjusted earnings per share pressure. PVH announced the Calvin Klein restructuring on Jan. 11. PVH stock has dropped 28.3% over the last 12 months while the S&P 500 index is down 6.6% 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.



EBay stock soars 8% after Elliott Management suggests plan to fix 'prolonged underperformance'
Date: Tue, 22 Jan 2019 15:10:06 GMT
From feeds.marketwatch

Shares of eBay Inc. are up 8.3% in Tuesday morning trading after Elliott Management Corp. released a letter to eBay's management laying out a five-step plan that the firm argued could lead to a valuation of $55 to $63 per eBay share by the end of 2020. EBay's stock recently changed hands at $33.58. "Fortunately for eBay, its employees, its users and its shareholders, the Company possesses all the tools to right its ship: strong assets, an invaluable community of loyal users and the ability to fix its operational issues," the letter said. Elliott suggested that eBay spin out its "market-leading" StubHub and eBay Classifieds Group businesses so that they can be "run in a manner best aligned with their outlook and investment needs" and so eBay executives can solely focus on improving its core marketplace business. Elliott also argued that eBay should "continue to return substantial capital to shareholders," grow the marketplace business, and move beyond its history of "inefficient organizational structure, wasteful spend and a misallocation of resources." The Wall Street Journal reported Tuesday morning that Starboard Value LP also wants eBay to think about separating businesses. Starboard didn't immediately respond to a MarketWatch request for comment. A spokeswoman from eBay also didn't immediately respond to a MarketWatch request for comment about the two firms. Shares have dropped 15% over the past 12 months, as of Friday's close, while the S&P 500 has fallen 6.6%.

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.



Lowe's is now the official home improvement sponsor of the NFL
Date: Tue, 22 Jan 2019 14:58:43 GMT
From feeds.marketwatch

Lowe's Cos. said Tuesday that it has become the official home improvement sponsor of the National Football League. The multi-year sponsorship will give Lowe's exposure at the Super Bowl, NFL draft, and other major events. The retailer will also be a presenting sponsor of the Super Bowl Experience at Super Bowl LIV in 2020 in Miami. Lowe's shares have sunk 13.4% over the last year while the S&P 500 index is down 6.5% 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.



Financial stocks fall, as XLF on track to snap 11-day win streak
Date: Tue, 22 Jan 2019 14:34:32 GMT
From feeds.marketwatch

The SPDR Financial Select Sector ETF fell 0.6% in morning trade Tuesday, putting it on track to snap an 11-session win streak, with 61 of 67 equity components losing ground. The financial ETF (XLF) has run up 10.7% during the win streak. Among the XLF's most heavily weighted components, shares of Warren Buffett's Berkshire Hathaway Inc. fell 0.4%, J.P. Morgan Chase & Co. shed 1.1%, Bank of America Corp. gave up 0.5% and Citigroup Inc. lost 1.0% in early trade. The win streak is currently the longest since the record 13-day stretch ending Nov. 10, 2014, and it comes after about seven months after its record 13-session losing streak that ended June 27, 2018. The XLF has slipped 1.0% over the past three months, while the S&P 500 has declined 3.7%.

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.



Stock market opens lower on renewed global growth worries
Date: Tue, 22 Jan 2019 14:33:49 GMT
From feeds.marketwatch

Stocks opened on a down note Tuesday, as U.S. investors returned from a three-day weekend after the International Monetary Fund lowered its global growth forecast and China reported downbeat economic data. The S&P 500 fell 15.91 points, or 0.6%, to 2,654.80, while the Dow Jones Industrial Average declined 170.48 points, or 0.6%, to 24,535.89. The Nasdaq Composite dropped 51.77 points, or 0.7%, to 7105.45. A negative finish would snap a 4-day winning streak for U.S. equities that analysts said had left markets technically overbought. Corporate results also remain in focus as fourth-quarter earnings season hits full stride. Shares of Dow component Johnson & Johnson fell 1.8% after the company reported fourth-quarter results.

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.



Ultragenyx stock up 2.9% after safety and efficacy trial reaffirms Phase 2 data
Date: Tue, 22 Jan 2019 14:17:13 GMT
From feeds.marketwatch

Shares of Ultragenyx Pharmaceutical Inc. rose 2.9% in premarket trade Tuesday after the company announced positive results from a safety and efficacy study looking at a treatment for patients with long-chain fatty acid oxidation disorder. Patients with this disorder are unable to properly break down fatty acids into energy, leading to serious liver, muscle and heart issues. Researchers looked at how Ultragenyx's drug, UX007, affected 75 patients, including 29 from a previous UX007 Phase 2 trial showing that UX007-treated patients had fewer illness-related visits to the hospital and fewer days in the hospital per year. The safety and efficacy study reaffirmed those results, also showing a reduction in the median number of hospital visits and days in the hospital per year among those treated with the drug. Ultragenyx said it is still on track to submit a new drug application for UX007 in mid-2019. Shares of Ultragenyx have gained 22.7% in the year to date through Friday, while the iShares Nasdaq Biotechnology ETF has gained 14.6%. The S&P 500 has gained 6.5%.

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.



Starbucks launches delivery in San Francisco with more major U.S. cities to come
Date: Tue, 22 Jan 2019 14:02:11 GMT
From feeds.marketwatch

Starbucks Corp. is launching delivery service in San Francisco on Tuesday, and will expand the service to Boston, Chicago, Los Angeles, New York and Washington DC in the coming weeks. The expansion comes after a pilot in Miami. Delivery service will be provided through a partnership with Uber Eats. Starbucks plans to offer delivery service at 25% of company-operated stores. Delivery service was available at 2,000 stores across 30 cities in China by the end of 2018. The coffee company is launching its first European delivery test in London later this month. Quo Vadis analysts call the delivery roll out "the most interesting near-term development," but question whether it will be popular in the U.S. "While we believe that the Chinese consumer is already accustomed to and expecting delivery of consumer products including beverages like coffee, it is somewhat of an open question how much demand there exists in the U.S. for this service," analysts wrote in a note. "Today's press release suggests that the initial demand has been favorable." Quo Vadis thinks delivery will be a same-store sales driver. Starbucks is scheduled to announce first-quarter earnings on Thursday. Starbucks shares have gained 5.4% over the past year while the S&P 500 index has lost 5.7% in 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.



RealNetworks doubles stake in Napster in a deal that could be valued up to $40 million
Date: Tue, 22 Jan 2019 13:25:25 GMT
From feeds.marketwatch

RealNetworks Inc. said Tuesday it has doubled its stake in Napster, in a deal that could be worth up to $40 million. After receiving approval from the Treasury Department's office of Foreign Assets Control, RealNetworks acquired the debt and equity interests in Rhapsody International, which does business as Napster, from Rhapsody Applebee LLC, which is managed by Columbus Nova Technology Partners. The deal increases RealNetworks's stake in Napster to 84% from 42%. Under terms of the deal, RealNetworks will pay $1 million in cash, and an additional $14 million over time subject to certain conditions, with additional consideration depending on subsequent events, that could total up to $40 million. RealNetworks said Napster has reported five-straight quarters of positive operating income. "This success was achieved by pivoting to a B2B strategy focused on selling the Napster platform as a service," said RealNetworks Chief Executive Rob Glaser. "We think Napster's future is very bright." The stock, which was still inactive in premarket trade, has soared 38% over the past three months, while the S&P 500 has lost 3.1%.

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.



Stanley Black & Decker shares fall nearly 7% after weak 2019 guidance
Date: Tue, 22 Jan 2019 13:24:38 GMT
From feeds.marketwatch

Stanley Black & Decker Inc. shares fell 6.8% in Tuesday premarket trading after the tools maker gave below-consensus 2019 guidance. Net loss for the quarter totaled $66.7 million, or 45 cents per share, after net income of $281.5 million, or $1.84 last year. Excluding charges, adjusted EPS was $2.11, ahead of the $2.10 FactSet consensus. Restructuring charges were $102.2 million, mostly related to a cost reduction program. Sales totaled $3.63 billion, up from $3.46 billion last year, and exceeding the $3.62 billion FactSet guidance. For 2019, the company expects EPS of $7.45 to $7.65 and adjusted EPS of $8.45 to $8.65. The FactSet estimate is for $8.79. Stanley Black & Decker shares have taken a 22% tumble over the past year while the S&P 500 index is down 5.7% 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.



Arconic shares slide 27% premarket after company says no longer pursuing a sale
Date: Tue, 22 Jan 2019 13:18:48 GMT
From feeds.marketwatch

Arconic Inc. shares slid 27% in premarket trade Tuesday, after the maker of steel products for the car and aerospace industries said it is no longer pursuing a sale of the company. Media reports in early January said Apollo Global Management LLC was gearing up to make a bid for the company by mid-January. "Together with management, we have been conducting a rigorous and comprehensive strategy and portfolio review over the past year and as part of that process considered a sale of the company, among other matters," Chairman John Plant said in a statement. "However, we did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic's shareholders and other stakeholders." The company will continue with the previously announced plan to sell its building and construction business, and will focus on other operational improvements and initiatives identified as part of a strategic review. Shares are down 33% in the last 12 months through Friday, while the S&P 500 has fallen 5.7%.

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.



PG&E secures $5.5 billion in DIP financing to fund operations through bankruptcy
Date: Tue, 22 Jan 2019 13:00:43 GMT
From feeds.marketwatch

PG&E Corp. disclosed Tuesday that it has entered into a commitment letter for $5.5 billion in debtor-in-possession (DIP) financing from J.P. Morgan Chase & Co. Bank of America Corp. , Citigroup Inc. and Barclays PLC , ahead of the utility company's planned bankruptcy filing on Tuesday. PG&E expects the DIP financing will provide it with "sufficient liquidity to fund its ongoing operations. The company expects the Chapter 11 cases to take about two years. The DIP financing is in the form of a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million delayed draw term loan facility. PG&E's bankruptcy filing comes as it faces more than $30 billion in potential liability related to itsrole in the recent California wildfires. The stock slipped 0.4% in premarket trade. It has plunged 85% over the past three months through Friday, while the Dow Jones Utility Average has slipped 4.8% and the Dow Jones Industrial Average has declined 2.4%.

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.



Medtronic stock falls 0.5% after disappointing angioplasty trial data
Date: Tue, 22 Jan 2019 12:45:07 GMT
From feeds.marketwatch

Shares of Dublin-based Medtronic Plc fell 0.5% in premarket trade Tuesday morning after the company announced its paclitaxel-coated balloon for angioplasty did not show any significant difference in mortality compared to plain balloon angioplasty in patients with peripheral artery disease. Researchers followed 1,837 angioplasty patients over five years, but the resulting data did not show a statistically significant difference in the death rate between patients who received the drug-coated balloon and those who received plain balloon, the company said. There was also no correlation between drug dose and long-term survival and no significant difference in the dose of paclitaxel in patients who survived and those who did not. However, a smaller 100-patient study in Japan showed more positive results: Those who received the drug-coated balloon had a lower mortality rate than those who did not, the company said. Shares of Medtronic have fallen 4% in the year to date through Monday, while the S&P 500 has gained 6.5%.

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.



Bunge says adjusted EBIT to be hurt by China trade issues, lower Brazilian ethanol prices
Date: Tue, 22 Jan 2019 12:22:40 GMT
From feeds.marketwatch

Agriculture and food business company Bunge Ltd. warned Tuesday that full-year adjusted EBIT, or earnings before interest and taxes, will fall short of the previously disclosed $1.045 billion low end of its guidance range, due to shortfalls in in its agribusiness and sugar and bioenergy businesses. The company is expecting a shortfall of $90 million to $100 million for the agribusiness company and of $60 million to $70 million in its sugar and bioenergy business. "The Agribusiness shortfall was largely due to the reduction in value of the Company's Brazilian soybean ownership as factors related to China trade and demand caused Brazilian prices to converge with U.S. prices," the company said. "The Sugar and Bioenergy shortfall was primarily due to lower Brazilian ethanol prices, and a weather-related reduction in yields as a poor crop year came to a close." The company also named Gregory Heckman as acting CEO, replacing Soren Schroder, who has already said he was stepping down. Heckman joined the Bunge board in 2018 and has more than 30 years experience in the agribusiness. Shares fell 1.5% premarket, and have fallen 35.4% in the last 12 months, while the S&P 500 has fallen 5.7%.

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.



Tilray to buy Natura Naturals for about $26.3 million in cash and stock
Date: Tue, 22 Jan 2019 12:16:13 GMT
From feeds.marketwatch

Shares of Tilray Inc. rallied 2.7% in premarket trade Tuesday, after the Canada-based cannabis company said it agreed to buy Natura Naturals Holdings Inc. for C$35 million (about $26.3 million) in cash and stock. Under terms of the deal, Tilray will deliver C$15 million in cash and C$20 million in its Class 2 common stock. If Natura, which is the parent of a licensed cannabis cultivator, achieves certain production milestones over the following 12-month period, Tilray could pay up to an additional C$35 million in Tilray common stock. The deal is expected to close within the next 30 days. Tilray's stock has tumbled 37% over the past three months through Friday, while the ETFMG Alternative Harvest ETF has lost 8.7% and the S&P 500 has slipped 3.1%.

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.



Travelers beats earnings estimates despite higher catastrophe losses
Date: Tue, 22 Jan 2019 12:12:36 GMT
From feeds.marketwatch

The Travelers Cos. said Tuesday it had net income of $621 million, or $2.32 a share, in the fourth quarter, up from $551 million, or $1.98 a share, in the year-earlier period. Adjusted per-share earnings came to $2.13, ahead of the FactSet consensus of $2.10. Revenue rose to $7.7896 billion from $7.451 billion. Net written premiums rose to $6.691 billion from $6.424 billion. The FactSet consensus was for sales of $6.763 billion. The insurer said catastrophe losses rose to $610 million pre-tax from $499 million in the year-earlier quarter. "Fourth quarter core income of $571 million and core return on equity of 10.0% were both impacted by a high level of catastrophe losses arising from the California wildfires and Hurricane Michael," CEO Alan Schnitzer said in a statement. The company said all of its business lines showed improvement, particularly workers' compensation, surety, management liability and personal auto product lines, while commercial auto was hit by higher loss estimates for the full year. The company had an underwriting gain of $135 million, down from $266 million a year ago. Net investment income rose to $630 million from $601 million. Shares were flat premarket, but have fallen 11% in the last 12 months, while the S&P 500 has fallen 5.7% and the Dow Jones Industrial Average , which counts Travelers as a member, has fallen 5.8%.

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.



Express CEO to leave company after 4 years in the role
Date: Tue, 22 Jan 2019 12:08:10 GMT
From feeds.marketwatch

Express Inc. said Tuesday Chief Executive David Kornberg will leave the fashion and apparel company, after four years in the role. The company named current Chief Operating Officer Matthew Moellering as interim CEO, until a permanent CEO is named. Kornberg will no longer be CEO effective Jan. 22, and will remain employed with the company through Feb. 21. Kornberg joined Express in 1999 and has served as CEO since Jan. 30, 2015. The stock was still inactive in premarket trade. Since Kornberg became CEO, the stock has lost 58.7% through Friday, while the SPDR S&P Retail ETF has lost 3.4% and the S&P 500 has gained 33.9%.

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.



Halliburton tops profit and revenue expectations, shares slip
Date: Tue, 22 Jan 2019 12:00:06 GMT
From feeds.marketwatch

Shares of Halliburton Co. fell 1.1% in premarket trade Tuesday, although the oil services company reported a fourth-quarter profit and revenue that beat expectations. The company swung to earnings of $664 million, or 76 cents a share, from a loss of $824 million, or 94 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 41 cents, above the FactSet consensus of 37 cents. Total revenue was $5.94 billion, flat with a year ago but above the FactSet consensus of $5.86 billion. Completion and production revenue rose to $3.83 billion from $3.80 billion, topping the FactSet consensus of $3.79 billion, and drilling and evaluation revenue slipped to $2.10 billion from $2.14 billion but beat expectations of $2.08 billion. North America revenue fell 11% to $3.3 billion, primarily because of lower activity and pricing stimulation services, but matched the FactSet consensus of $3.3 billion. The stock has lost 11.4% over the past three months through Friday, while the VanEck Vectors Oil Services ETF has shed 24.5% and the S&P 500 has slipped 3.1%.

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.



Johnson & Johnson tops estimates for fourth quarter
Date: Tue, 22 Jan 2019 11:53:49 GMT
From feeds.marketwatch

Johnson & Johnson said Tuesday it had net income of $3.04 billion, or $1.12 a share, in the fourth quarter, after a loss of $10.713 billion, or $3.99 a share, in the year-earlier period. Excluding charges, the company said it had EPS of $1.97, ahead of the FactSet consensus of $1.95. Sales rose 1% to $20.4 billion, also ahead of the FactSet consensus of $20.2 billion. The consumer goods giant said it expects 2019 sales of $80.4 billion to $81.2 billion, and adjusted EPS of $8.50 to $8.65. Shares were slightly higher premarket, but have fallen 11.8% in the last 12 months, while the S&P 500 has fallen 5.7%.

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.



U.S. will seek extradition of Huawei executive from Canada: report
Date: Tue, 22 Jan 2019 11:26:36 GMT
From feeds.marketwatch

The U.S. told the Canadian government it plans to formally request the extradition of Meng Wanzhou, the chief financial officer of Huawei , Toronto's Globe and Mail newspaper reported Tuesday. Such a move would be expected to add to tensions between Washington and Beijing as they attempt to resolve a trade battle. Meng was detained by Canadian authorities, acting on behalf of the U.S., last year. U.S. authorities have accused Meng of lying to banks about Huawei's business dealing with Iran in violation of U.S. sanctions. Meng has denied those charges.

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.



China's Xi Jinping warns over economy in high-level meeting: report
Date: Tue, 22 Jan 2019 08:21:22 GMT
From feeds.marketwatch

Chinese President Xi Jinping has reportedly warned top officials to be wary of "black swans" and "grey rhinos" in face of a slowing economy. A report in state news outlook Xinhua said Xi told senior Communist Party officials in a speech to take action to lower risks to the economy. It came on the heels of data released Monday that showed China last year saw its slowest growth in decades. Some experts said the Communist Party is concerned that an economic slowdown could spark civil unrest, and want to avoid another Tiananmen Square incident such as seen in 1989. China's growth problems have been compounded by trade tensions with the U.S. A black swan refers to an unforeseen event that could cause turmoil, while grey rhinos refer to a highly likely threat that's currently being ignored.

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.



Meal-delivery startup Munchery shuts down
Date: Tue, 22 Jan 2019 03:00:35 GMT
From feeds.marketwatch

On-demand meal-delivery startup Munchery has gone out of business, the company said in an email to customers Monday. "Today, with a heavy heart, we're reaching out to announce that Munchery is closing its doors and ending operations effective immediately. Any outstanding orders with Munchery will be canceled and refunded," the email said. The San Francisco-based business was founded in 2010 and had raised $125.4 million in venture funding, according to CrunchBase. Munchery laid off 30% of its workforce last May and significantly scaled back operations, ending its services in New York, Los Angeles and Seattle to focus on San Francisco, its biggest market. Aside from Munchery, other meal-kit delivery services have also struggled -- startups Spoonrocket and Sprig have shut in recent years, and the industry's "success story," Blue Apron Holdings Inc. , has seen its stock price plummet 85% since going public in 2017.

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.



The Technical Indicator: S&P 500 reaches firmer technical ground, pulls in from major resistance
Date: Tue, 22 Jan 2019 18:05:24 GMT
From feeds.marketwatch
Technically speaking, the U.S. benchmarksa January rally attempt is intact, writes Michael Ashbaugh. Still, the S&P 500 has tagged major resistance a the 2017 close (2,673) a and the aggressiveness of the selling pressure in this area will likely add color.


Therese Poletti's Tech Tales: Tech is ready to respond to Wall Streetas doubts, but donat expect a holiday miracle
Date: Tue, 22 Jan 2019 17:11:05 GMT
From feeds.marketwatch
The most important earnings season for tech since the dot-com boom went bust is about to begin, but donat expect a holiday miracle, especially for the companies that are used to a victory lap at this time of year.


The Ratings Game: EBay stock soars after shareholder suggests shedding business lines
Date: Tue, 22 Jan 2019 16:54:38 GMT
From feeds.marketwatch
Online marketplace eBay Inc. has a lot going on, and shareholders are betting that the company could benefit from more focus.


Al Roker vs. Jillian Michaels: Whoas right about the Keto diet?
Date: Tue, 22 Jan 2019 14:38:44 GMT
From feeds.marketwatch
MarketWatch speaks to Harvard fitness experts in an effort to settle the science, if not the shade


773 million email addresses exposed in amega data breacha a hereas how to see if yours is one of them
Date: Tue, 22 Jan 2019 14:38:16 GMT
From feeds.marketwatch
aIn terms of scale, this enormous trove of email addresses and unique passwords is monumental.a


Another woeful effect of the government shutdown: More spam calls
Date: Tue, 22 Jan 2019 13:37:25 GMT
From feeds.marketwatch
Systems meant to thwart robocalls and other spam phone calls are not working as they should.


Mastercard cracks down on retailers who turn free trials into paid subscriptions a without warning customers
Date: Tue, 22 Jan 2019 13:23:19 GMT
From feeds.marketwatch
This sneaky tactic can cost consumers hundreds a or even thousands a of dollars a year.


The Technical Indicator: S&P 500 reaches firmer technical ground, pulls in from major resistance
Date: Tue, 22 Jan 2019 18:05:24 GMT
From feeds.marketwatch
Technically speaking, the U.S. benchmarksa January rally attempt is intact, writes Michael Ashbaugh. Still, the S&P 500 has tagged major resistance a the 2017 close (2,673) a and the aggressiveness of the selling pressure in this area will likely add color.


Market Snapshot: Dow falls roughly 300 points as growth, trade worries fester
Date: Tue, 22 Jan 2019 17:25:31 GMT
From feeds.marketwatch
U.S. stocks tumble as growth and trade worries await investors returning from the long holiday weekend.


Therese Poletti's Tech Tales: Tech is ready to respond to Wall Streetas doubts, but donat expect a holiday miracle
Date: Tue, 22 Jan 2019 17:11:05 GMT
From feeds.marketwatch
The most important earnings season for tech since the dot-com boom went bust is about to begin, but donat expect a holiday miracle, especially for the companies that are used to a victory lap at this time of year.


The Ratings Game: EBay stock soars after shareholder suggests shedding business lines
Date: Tue, 22 Jan 2019 16:54:38 GMT
From feeds.marketwatch
Online marketplace eBay Inc. has a lot going on, and shareholders are betting that the company could benefit from more focus.


Upgrade: 5 awesome work-from-home jobs where you can earn $100,000
Date: Tue, 22 Jan 2019 15:30:18 GMT
From feeds.marketwatch
Medical writers, consultants and web developers can make money in their PJs


Earnings Watch: Dow components head in opposite directions after earnings, one more is on the way
Date: Tue, 22 Jan 2019 15:17:56 GMT
From feeds.marketwatch
Two Dow Jones Industrial Average components topped earnings estimates on Tuesday morning, though their stocks are enjoying different fates.


Al Roker vs. Jillian Michaels: Whoas right about the Keto diet?
Date: Tue, 22 Jan 2019 14:38:44 GMT
From feeds.marketwatch
MarketWatch speaks to Harvard fitness experts in an effort to settle the science, if not the shade


Currencies: British pound leads currency gainers, Japanese yen finds haven demand
Date: Tue, 22 Jan 2019 18:10:10 GMT
From feeds.marketwatch
While the U.S. dollar remains muted and the haven Japanese yen gains on the back of Chinaas slowing economic data released over the weekend, the Brexit-ridden British pound climbs to lead currency gainers on Tuesday.


The Technical Indicator: S&P 500 reaches firmer technical ground, pulls in from major resistance
Date: Tue, 22 Jan 2019 18:05:24 GMT
From feeds.marketwatch
Technically speaking, the U.S. benchmarksa January rally attempt is intact, writes Michael Ashbaugh. Still, the S&P 500 has tagged major resistance a the 2017 close (2,673) a and the aggressiveness of the selling pressure in this area will likely add color.


NerdWallet: Rethinking your investment strategy? Here are some tactics to consider
Date: Tue, 22 Jan 2019 17:50:49 GMT
From feeds.marketwatch
Set goals and protect against losses, especially if you need to tap stock investments before retirement.


Emerging Markets Report: Hereas what really worries investors about Chinaas slowdown
Date: Tue, 22 Jan 2019 17:48:37 GMT
From feeds.marketwatch
Data over the weekend showing Chinaas economy saw its weakest growth since 1990 casts gloom over financial markets as U.S. traders return Tuesday from a three-day weekend. But itas a downbeat shift in rhetoric from President Xi Jinping that investors shouldnat ignore, says one analyst


Outside the Box: Are you as strategic about life as you are about your career?
Date: Tue, 22 Jan 2019 17:16:36 GMT
From feeds.marketwatch
Donat let your life pass you by: make a plan and live with purpose


More Americans are feeling pessimistic about the economy
Date: Tue, 22 Jan 2019 17:08:59 GMT
From feeds.marketwatch
On the upside, people seem confident in job availability, a new Gallup survey finds.


Government shutdown exposes a harsh truth: Most Americans are unprepared for the next recession
Date: Tue, 22 Jan 2019 16:38:23 GMT
From feeds.marketwatch
Almost 60% of Americans have less than $1,000 in savings.


The Moneyist: My daughter bought a home for me, but now she needs cash and refuses my help
Date: Tue, 22 Jan 2019 16:16:35 GMT
From feeds.marketwatch
This mother says she would like to sell stocks to help her daughter upgrade to a larger home.


Donat make this one Social Security blunder
Date: Tue, 22 Jan 2019 16:00:19 GMT
From feeds.marketwatch
Youall throw away a lot of money for no reason.


Google Fined $57 Million in Biggest Penalty Yet Under New European Law
Date: Tue, 22 Jan 2019 00:19:33 EST
From https:
Google was fined $57 million by a French regulator--the biggest penalty levied yet under a new European privacy law--alleging the search-engine giant didn't go far enough to get valid user consent to gather data for targeted advertising.

Your Money: Baby boomer primer - Perfecting the art of giving art
Date: Tue, 22 Jan 2019 07:28:21 -0500
From feeds.reuters
Baby boomer art collectors have a problem: Their heirs may not know the difference a $100 print from a garage sale and a $1 million paradigm of Abstract Expressionism.


U.S. home sales hit three-year low, prices rise slowly
Date: Tue, 22 Jan 2019 13:26:09 -0500
From feeds.reuters
U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.


J&J forecasts disappointing 2019 sales, defends talc safety
Date: Tue, 22 Jan 2019 13:13:50 -0500
From feeds.reuters
Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts' estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector.


J&J, U.S. states settle hip implant claims for $120 million
Date: Tue, 22 Jan 2019 13:13:50 -0500
From feeds.reuters
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants.


Huawei calls for swift end to case of executive arrested in Canada
Date: Tue, 22 Jan 2019 13:01:22 -0500
From feeds.reuters
China's Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said on Tuesday.


U.S. to pursue extradition of Huawei CFO from Canada
Date: Tue, 22 Jan 2019 13:01:22 -0500
From feeds.reuters
The U.S. Justice Department said on Tuesday that it will pursue the extradition of Huawei Technologies Co Ltd's [HWT.UL] chief financial officer, arrested in Canada in December on allegations that she participated in a conspiracy to defraud banks.


Canada has not asked U.S. to drop case of Huawei's Meng: Freeland
Date: Tue, 22 Jan 2019 13:00:47 -0500
From feeds.reuters
Canada has not asked the United States to abandon its bid to have Huawei executive Meng Wanzhou extradited, Canada's Foreign Minister Chrystia Freeland said on Tuesday in an interview with Bloomberg TV.


BMW and Daimler to name ride-hailing venture 'Jurbey': source
Date: Tue, 22 Jan 2019 12:59:20 -0500
From feeds.reuters
German companies BMW and Daimler will name their combined ride-hailing and car-sharing firm "Jurbey", a source familiar with the matter said on Tuesday.


Hedge funds push for overhaul at eBay
Date: Tue, 22 Jan 2019 12:35:11 -0500
From feeds.reuters
Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce company's businesses.


French protests weigh on Carrefour fourth-quarter hypermarket sales
Date: Tue, 22 Jan 2019 12:19:30 -0500
From feeds.reuters
Carrefour , Europe's largest retailer, said on Tuesday that sales growth slightly slowed in the fourth quarter, as 10 weeks of anti-government protests weighed on hypermarket sales in its core French market.


Wall Street slips on global growth fears, weak corporate forecasts
Date: Tue, 22 Jan 2019 12:13:38 -0500
From feeds.reuters
U.S. stocks fell more than 1 percent on Tuesday and were on course to end a four-day rally on fears of slowing global growth after the International Monetary Fund trimmed its outlook and weak forecasts by companies, including Johnson & Johnson.


Brazil's Bolsonaro uses Davos speech to appeal to big business
Date: Tue, 22 Jan 2019 12:07:39 -0500
From feeds.reuters
Brazil's new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business.


Pompeo voices optimism for good outcome on U.S.-China trade
Date: Tue, 22 Jan 2019 12:03:33 -0500
From feeds.reuters
U.S. Secretary of State Mike Pompeo voiced optimism on Tuesday for a good outcome in upcoming trade talks with China and said a superpower conflict between the two nations could be avoided.


Exclusive: No-deal Brexit puts Bentley's return to profit at risk
Date: Tue, 22 Jan 2019 11:53:04 -0500
From feeds.reuters
Loss-making carmaker Bentley is on track to be profitable this year but a no-deal Brexit puts that at "fundamental risk", its boss told Reuters, adding that the chance of Britain leaving the EU on March 29 with a deal now seemed "fairly low."


Oil slumps more than 3 percent on China slowdown fears
Date: Tue, 22 Jan 2019 11:50:06 -0500
From feeds.reuters
Crude prices tumbled more than 3 percent on Tuesday over concerns that China's slowing economy could curtail fuel demand worldwide as forecasters predicted weaker global growth amid the U.S.-China trade war.


British billionaire Dyson moves vacuum giant to Singapore
Date: Tue, 22 Jan 2019 11:47:55 -0500
From feeds.reuters
James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his corporate office and tax registration to Singapore from Britain to be closer to his fastest growing markets.


Explainer: The shareholder puzzle facing airlines after Brexit
Date: Tue, 22 Jan 2019 11:46:29 -0500
From feeds.reuters
Airlines that will no longer be majority owned by EU nationals once Britain leaves the European Union face the threat of losing their right to fly within the bloc after Brexit due to share ownership rules.


Equities retreat as growth worries dent risk appetite
Date: Tue, 22 Jan 2019 11:33:18 -0500
From feeds.reuters
A gauge of global stock markets fell on Tuesday, putting a four-session winning streak in jeopardy, as concerns over global growth spurred investors to look towards safe-haven assets such as the Japanese yen and government bonds.


Halliburton shares fall as North America lags
Date: Tue, 22 Jan 2019 11:18:52 -0500
From feeds.reuters
Shares of oilfield firm Halliburton Co fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending.


Exclusive: Colfax picks Goldman to sell Howden business - sources
Date: Tue, 22 Jan 2019 10:58:13 -0500
From feeds.reuters
Colfax Corp is pressing ahead with plans to sell its air and gas handling unit Howden as part of a shift to focus on the medical devices industry and has hired Goldman Sachs to handle the process, four sources close to the matter told Reuters.


PG&E shares surge after company secures $5.5 billion in bankruptcy financing
Date: Tue, 22 Jan 2019 10:52:52 -0500
From feeds.reuters
U.S. power producer PG&E Corp's shares surged more than 10 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter-11 bankruptcy protection.


CBS Blocked a Medical Marijuana Commercial From Playing During the Super Bowl
Date: Tue, 22 Jan 2019 14:31:43 +0000
From time.com
The network nixed the proposed spot after seeing a rough outline


Patisserie Valerie collapses into administration as rescue talks fail
Date: Tue, 22 Jan 2019 18:09:17 GMT
From https:
Stores to close after the cafe chain's bank rescue talks fail, putting up to 3,000 jobs at risk.

Dyson to move head office to Singapore
Date: Tue, 22 Jan 2019 18:29:53 GMT
From https:
Two senior executives will move from Wiltshire but no jobs will be lost in the process.

Huawei chairman warns of end to global 'partnerships'
Date: Tue, 22 Jan 2019 18:14:38 GMT
From https:
Chinese tech giant warns it might transfer activities to countries "where we are welcomed".

Four more House of Fraser stores saved
Date: Tue, 22 Jan 2019 14:50:37 GMT
From https:
Shopping centre landlord Intu reaches agreement with the retailer's owners, Sports Direct.

UK employment total hits record high
Date: Tue, 22 Jan 2019 11:19:04 GMT
From https:
The number of people in work in the UK reaches 32.5 million, official figures show.

EasyJet says drone chaos was 'wake-up call' for airports
Date: Tue, 22 Jan 2019 11:30:37 GMT
From https:
Airline says flight cancellations customers payments following Gatwick drone disruption cost it APS15m.

Mastercard fined APS504m by Europe for competition breach
Date: Tue, 22 Jan 2019 14:10:30 GMT
From https:
The European Commission fines the payments giant for stopping retailers looking for cheaper services.

Dixons Carphone's mobile sales continue to fall
Date: Tue, 22 Jan 2019 09:22:33 GMT
From https:
However, the decline was offset by strong sales of supersize TVs and in gaming.

Ex-Nissan boss faces more time in custody as bail denied
Date: Tue, 22 Jan 2019 12:35:46 GMT
From https:
The decision means Carlos Ghosn could remain in custody in Tokyo until his trial for financial crimes.

Donna Hay whips up her next venture
Date: Tue, 22 Jan 2019 00:01:10 GMT
From https:
Donna Hay, "Australia's culinary queen", mulls her next move after publishing the 100th and final issue of her magazine.

Sir James Dyson: From barrows to billions
Date: Tue, 22 Jan 2019 16:31:21 GMT
From https:
One of the most high-profile businessmen in favour of Brexit, Sir James Dyson's biggest idea started with cardboard and sticky tape.

Davos 2019: 'Iam the boss, heas the spouse'
Date: Tue, 22 Jan 2019 00:01:17 GMT
From https:
Gender equality remains high on the agenda at Davos, but has anything really changed?

Why your new heart could be made in space one day
Date: Tue, 22 Jan 2019 00:01:15 GMT
From https:
Microgravity is ideal for making a range of materials, but will space manufacture ever be cost effective?

When your dad does the same apprenticeship as you
Date: Tue, 22 Jan 2019 01:41:35 GMT
From https:
Dominic Foster and his dad John are on the same apprenticeship at the same company.

Stock losses are growing at midday with the Dow now down 300 points
Date: Tue, 22 Jan 2019 17:02:42 GMT
From feeds.marketwatch
Stock losses are growing at midday with the Dow now down 300 points

Stocks fall to start Tuesday trading as worries grow over world economic growth
Date: Tue, 22 Jan 2019 14:31:00 GMT
From feeds.marketwatch
Stocks fall to start Tuesday trading as worries grow over world economic growth

Grow: Jeannie Mai, co-host of aThe Real,a on how she started out with just $271
Date: Tue, 22 Jan 2019 12:55:24 -0500
From feeds.marketwatch
Mai opens up about how she stretched her money in Hollywood, and theA art of the side hustle


1,500 private jets expected at Davos, where attendees are discussing asafeguarding our planeta from climate change
Date: Tue, 22 Jan 2019 12:50:40 -0500
From feeds.marketwatch
Owning a private jet might become too expensive, even for the ultra-wealthy.


NerdWallet: Rethinking your investment strategy? Here are some tactics to consider
Date: Tue, 22 Jan 2019 12:50:49 -0500
From feeds.marketwatch
Set goals and protect against losses, especially if you need to tap stock investments before retirement.


TaxWatch: One in 5 taxpayers risk a penalty from the IRS for withholding too little in taxes for 2018 a hereas how you avoid it
Date: Tue, 22 Jan 2019 12:50:10 -0500
From feeds.marketwatch
IRS is more generous with waivers this year, but you still might get hit.


Next Avenue: Your guide to all of the changes to Medicare in 2019
Date: Tue, 22 Jan 2019 12:47:18 -0500
From feeds.marketwatch
A rundown from the president of the Medicare Rights Center on how your coverage will be affected.


Outside the Box: Are you as strategic about life as you are about your career?
Date: Tue, 22 Jan 2019 12:16:36 -0500
From feeds.marketwatch
Donat let your life pass you by: make a plan and live with purpose


More Americans are feeling pessimistic about the economy
Date: Tue, 22 Jan 2019 12:08:59 -0500
From feeds.marketwatch
On the upside, people seem confident in job availability, a new Gallup survey finds.


Metals Stocks: Gold prices head lower even as renewed global growth worries pressure equities
Date: Tue, 22 Jan 2019 11:27:22 -0500
From feeds.marketwatch
Gold futures extend losses from last week even as a resumption of global growth concerns following a warning from the International Monetary Fund and downbeat Chinese data cast a cloud over global equity markets.


Tax Guy: The 10 tax law changes that will most affect your 2018 personal return
Date: Tue, 22 Jan 2019 11:18:31 -0500
From feeds.marketwatch
After the Tax Cuts and Jobs Act, itas a whole new ballgame.


The Moneyist: My daughter bought a home for me, but now she needs cash and refuses my help
Date: Tue, 22 Jan 2019 11:16:35 -0500
From feeds.marketwatch
This mother says she would like to sell stocks to help her daughter upgrade to a larger home.