6:35 a.m. Today6:35 a.m. July 20, 2019
- By Wallace Witkowski
CrowdStrike CEO says ‘legacy technologies are just failing’ after giving confident earnings outlook Cybersecurity company’s stock experiences a double-digit gain in late trading after post-IPO earnings reportCrowdStrike Holdings Inc. shares jumped by double digits in the extended session Thursday after the cybersecurity company‘s first earnings report since going public included an optimistic outlook that its chief executive credited to customer frustration with legacy security products.
6:31 a.m. Today6:31 a.m. July 20, 2019
- By Claudia Assis
At Tesla, another quarterly loss is likely, but Wall Street is hoping demand remained intact Investors will be seeking an update on China and on the Model YTesla Inc. is expected to report second-quarter results after the bell Wednesday amid a rally for its battered stock fueled by better-than-expected quarterly sales.
5:53 a.m. Today5:53 a.m. July 20, 2019
- By Andrew Keshner
On the 50th anniversary of the Moon landing, thank NASA for memory foam, pet odor filters — and GPS on your iPhone NASA-related research has led to well-known consumer products including Bowflex home gymsNASA-related research has led to well-known common consumer products including Bowflex home gyms.
7:38 p.m. July 19, 2019
Disney’s Box-Office Formula: Big-Budget Sequels and Reboots
The strategy works wonders, producing nearly 20% of worldwide box office last year. And this weekend comes the latest: the live-action remake of “The Lion King.”
4:30 p.m. July 19, 2019
SoftBank: The Biggest Bet on Tech
On a sum-of-the-parts basis, the shares are arguably priced as much as 50% below the Japanese company’s underlying asset value.
2:13 p.m. July 19, 2019
- By Francine McKenna
SEC examination of quarterly reporting schedule focuses on balancing costs with need for disclosure The SEC wants companies and investors to say more about how and when companies should report their numbersThe Securities and Exchange Commission held a two-part public panel discussion on Thursday to ask again if reporting earnings quarterly promotes “short-termism” — an unhealthy focus on short-term results to the detriment of long-term performance.
11:26 a.m. July 19, 2019
WeWork’s Neumann Sells Part Of Stake
Adam Neumann has sold some of his WeWork stake and borrowed against some of his holdings, investing the proceeds in real estate and startups.
10:08 a.m. July 19, 2019
Coca-Cola, Pool, and Other Stocks That Help in a Heat Wave
The eastern U.S. is descending into a heat wave. Here are some stocks that benefit from the hot weather.
7:59 a.m. July 19, 2019
- By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 maintains 20-day average Focus: Gold and silver digest headline breakouts, IBM takes flight, GLD, SLV, GDX, IBM, PEGA, DXCMU.S. stocks are mixed early Friday, treading water after Thursday’s seemingly conflicting Federal Reserve policy remarks, and following a strong earnings report from Dow 30 component Microsoft Corp. Against this backdrop, the S&P 500 has maintained near-term support (2,973) an area currently matching the 20-day moving average.
7:52 a.m. July 19, 2019
Companies Aren’t Waiting to See How the Trade War Plays Out
Companies affected by the U.S.-China trade war are reshuffling their supply chains, often making them more Asia-centric. Those shifts are unlikely to revert—even if a trade deal materializes.
6:33 a.m. July 19, 2019
- By Jean Creighton
5 innovations of the Apollo moon program that changed life here on Earth Thank the Apollo moon program for the GPS you use every dayThank the Apollo moon program for the GPS you use every day.
4:30 a.m. July 19, 2019
- By Bhaskar Chakravorti
Bust these 3 myths before breaking up Big Tech This isn’t this century’s version of Standard OilThis isn’t this century’s version of Standard Oil.
4:20 a.m. July 19, 2019
- By Paul Brandus
50 years after Apollo, does America have the right stuff to join the new space race? We must not let China, Russia and others dominate space militarilyFifty years after the Apollo landing on the Moon, Paul Brandus asks if Americans can come together to conquer space again.
11:59 a.m. July 18, 2019
- By Chris Matthews
The stock market won’t be brought down by a manufacturing recession, analysts say Manufacturing’s shrinking importance and tech’s growing role make classic bearish signals less relevantThe divergent performances between industrial companies and those providing services have investors nervous that another shoe will soon drop.
11:54 a.m. July 18, 2019
Qualcomm Hit by Second Antitrust Fine in Europe
EU competition authorities impose $272 million fine, which comes amid several legal battles for the chip maker
10:28 a.m. July 18, 2019
Radio Giant iHeartMedia Stock Lands on Nasdaq Through Direct Stock Listing
iHeartMedia today returned to the land of the living, with a high-profile direct listing of its stock on Nasdaq under the ticker symbol IHRT.
7:57 a.m. July 18, 2019
- By Michael Ashbaugh
S&P 500 violates near-term support, extends (orderly) pullback from record highs Focus: Financials hold the range top amid bellwether sector earnings reports, XLF, RUN, AEM, FNV, SATSU.S. stocks are lower early Thursday, pressured amid worries over China-U.S. trade progress and following another mixed batch of corporate earnings reports. In the process, each major U.S. benchmark has violated first support, extending its pullback from record highs.
5:36 a.m. July 18, 2019
- By Sunny Oh
Stocks set to decline for third straight session as earnings remain in focusU.S. stocks were on track for a third straight decline on Thursday as investors monitored corporate earnings and trade developments. The S&P 500 fell 0.3% to 2,976. The Dow Jones Industrial Average retreated 76 points, or 0.3%, to 27,143. The Nasdaq Composite was down 0.3% to 8,157. Another loss for the S&P 500 would see the equity benchmark record its longest losing streak since a four-session drop ending on June 26. Treasury Secretary Steven Mnuchin said that U.S.-China trade talks were set to begin again. But prospects for a successful resolution came in doubt after The Wall Street Journal reported the Trump administration was unsure how to follow through with Beijing's demands that the U.S. ease restrictions on Huawei Technologies Co. In company news, shares of Netflix Inc. tumbled 9% after it reported a net loss in paid subscribers, the first since 2011.
3:21 a.m. July 18, 2019
- By Max A. Cherney
Marijuana-delivery service Eaze scales back $1 billion ambitions, documents show After projecting it would sell $1 billion worth of cannabis on its platform in 2020 in a previous funding round, Eaze now predicts less than $500 million in gross transaction valueThe cannabis-delivery company that once said it planned to deliver $1 billion worth of cannabis in 2020 is now heading for a much smaller target: less than $500 million.
2:47 a.m. July 18, 2019
- By Tomi Kilgore
Honeywell's stock rises after earnings beat and upbeat guidance, while sales fell shyShares of Honeywell International Inc. rose 0.8% in premarket trading Thursday after the industrial conglomerate reported a second-quarter profit that topped expectations while sales fell shy, and lifted the low end of its full-year guidance ranges. Net income rose to $1.56 billion, or $2.10 a share, from $1.28 billion, or $1.68 a share, in the year-ago period. Adjusted earnings per share rose to $2.10 from $1.93, above the FactSet consensus of $2.08. Sales fell 15% to $9.24 billion, citing the impact of spinoffs, and missed the FactSet consensus of $9.35 billion, as aerospace sales fell less than expected, building technologies and performance materials and technologies sales were roughly in line with expectations and safety and productivity solutions sales fell more than expected. For 2019, Honeywell lifted the low end of its guidance ranges for EPS to $7.95 to $8.15 from $7.90 to $8.15, for sales to $36.7 billion to $37.2 billion from $36.5 billion to $37.2 billion and for adjusted free cash flow to $5.7 billion to $6.0 billion from $5.5 billion to $6.0 billion. The stock has rallied 27.6% year to date through Wednesday, while the Dow Jones Industrial Average has gained 16.7%.
1:26 a.m. July 18, 2019
- By Steve Goldstein
Boeing planes vulnerable to cellphone interference: reportPotentially hundreds of Boeing 737 and 777 planes worldwide are flying with unsafe systems vulnerable to passenger cellphones, , citing a . The display units vulnerable to interference were made by Honeywell International , which says it is only aware of one case where all six display units in a 737 went blank, which was caused by a software problem that has been fixed and been flight tested. Boeing found the interference only in a lab test in 2012, the report said.
2:09 p.m. July 17, 2019
The Qualcomm Case Could Shake Up Antitrust Regulation
The stakes are high both for the company and in terms of the competitive playing field for corporations.
1:25 p.m. July 17, 2019
- By Chris Matthews
Stocks notch back-to-back losses and Dow transports shed 3.6% Bank of America beats earnings estimates on retail businessU.S. stocks end lower for a second straight session Wednesday as investors digest mixed earnings results and economic data, while a lack of progress on the Beijing-Washington tariff dispute remained a headache.
12:44 p.m. July 17, 2019
- By William Mauldin
U.S.-China Talks Stuck in Rut Over Huawei No face-to-face meetings since President Trump and China’s President Xi Jinping met last month in JapanTrade negotiations are at standstill as Washington weighs how much business with telecom-equipment giant to allow
9:27 a.m. July 17, 2019
- By Michael Poyker
Another reason your wages are low: it’s cheaper to hire convicts Chain gangs are not a thing of the past — more than a million inmates are working for penniesU.S. workers must compete against low-paid workers in other countries, but they also face another source of competition much closer to home: prison labor.
8:42 a.m. July 17, 2019
- By Maria LaMagna
Forget retirement — focus on financial independence The FIRE movement is changing the retirement conversationThe FIRE movement is changing the retirement conversation.
8:41 a.m. July 17, 2019
- By Joseph Coughlin
How robots and your smart fridge can keep you out of a nursing home Your end-of-life caregiver may be a robot — why that might not be such a bad thingYour end-of-life caregiver may be a robot — why that might not be such a bad thing.
8:39 a.m. July 17, 2019
- By Rachel Koning Beals
This is how boomers are reinventing retirement living Why the retirement community of the future will be more like a WeWorkWhy the retirement community of the future will be more like a WeWork.
8:02 a.m. July 17, 2019
Textron Is Down Sharply as Weak Sales Overshadow Profit Gains
Textron beat Wall Street earnings estimates and raised full-year earnings guidance. So why is the stock down 5%? Sales were much weaker than expected.
7:31 a.m. July 17, 2019
- By Michael Ashbaugh
Bull trend pauses: S&P 500 pulls in from record territory Focus: Silver extends mid-year trendline breakout, SLV, PAAS, STLD, NBIX, AALU.S. stocks are lower early Wednesday, pressured modestly after a mixed batch of earnings reports and amid heightened trade tensions. Against this backdrop, each big three benchmark has pulled in from record highs amid selling pressure that has initially registered as relatively flat.
6:50 a.m. July 17, 2019
- By Tonya Garcia
Uber Eats and other third-party delivery services take a bite out of Domino's PizzaDomino's Pizza Inc. Chief Executive Richard Allison said third-party delivery services like DoorDash and Uber Eats were a challenge during the second-quarter, and they aren't going away. "Our same-store sales performance for the quarter came in toward the lower end of our three-to-five-year outlook as we continue to navigate through headwinds related to aggressive activity from third-party aggregators," he said, according to a FactSet transcript. "I do not expect this activity to ease in the near term." Domino's reported a and same-store sales growth that missed expectations. "Domino's Pizza remains on the 'Biggest Concerns List' from CFRA Forensic Research Services, partly on sales and profit margin pressures and reduced operating leverage," wrote CFRA's Tuna Amobi in a note. CFRA maintained its hold opinion on Domino's stock but cut its price target to $270 from $290. BTIG remains bullish. "We maintain our buy rating on shares of Domino's Pizza following earnings as we believe the retail sales and market share gains the concept is generating will ultimately translate into a higher stock price," wrote analysts led by Peter Saleh. "While disappointed with domestic same-store sales results this quarter, new unit and retail sales growth remains healthy and we believe the stock's decline is more a function of elevated expectations rather than inflated valuation." BTIG cut its price target to $325 from $335. Domino's Pizza shares closed Tuesday down 8.7%, but are nearly unchanged in Wednesday trading. The stock has fallen 12.5% over the last year while the S&P 500 index has gained 6.6% for the period.
6:24 a.m. July 17, 2019
- By Jon Swartz
Facebook’s Libra cryptocurrency project gets blistering reception from Senate Facebook ‘doesn’t deserve our trust,’ Sen. Sherrod Brown saysFacebook Inc.’s controversial Libra cryptocurrency project encountered a blistering reception from the Senate Banking Committee Tuesday morning despite assurances from the social-media giant that it will comply with banking regulations and offer secure transactions.
2:57 a.m. July 17, 2019
- By Tomi Kilgore
With trade tensions escalating, here are 5 things to know about this earnings season Investors should brace for some bad news with all signs suggesting we are entering an earnings recessionThe second-quarter earnings season will kick off in earnest next week, and investors should brace for bad news with all signs signaling a second straight decline that will confirm an earnings recession.
2:29 a.m. July 17, 2019
- By James Wellemeyer
Instagram, Facebook and Twitter struggle to contain the epidemic in online bullying Instagram has launched a new feature to help combat inappropriate contentInstagram has launched a new feature to help combat inappropriate content.
1:54 p.m. July 16, 2019
- Associated Press
G-7 finance chiefs to tackle cryptocurrency risks, digital tax at Paris summit France’s new 3% tax on tech-company revenue likely to be a point of contentionFinance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax tech companies like Google and Amazon when they meet at a chateau north of Paris starting Wednesday.
12:28 p.m. July 16, 2019
- By Chris Matthews
Stocks close down after Trump says ‘a long way to go’ on trade and investors digest bank earnings Trump described progress toward a China and U.S. trade pact as “a long way to go”U.S. stocks retreat Tuesday as investors digest trade war talk and a trio of bank earnings, a day after major equity indexes eked out a round of fresh all-time closing highs Monday
12:11 p.m. July 16, 2019
- By Mark DeCambre
Dow snaps 4-day win streak, narrowly misses longest string of records in 1 1/2 yearsThe three major U.S. stock benchmarks snapped a multisession win streak on Tuesday as President Donald Trump said an agreement with China on trade tariffs had "a long way to go," and a trio of the U.S.'s largest banks reported quarterly results. The Dow Jones Industrial Average closed down by about 24 points, or less than 0.1%, at 27,336, ending four straight days of gains. If the Dow had finished in positive territory, it would have marked the longest streak of records for the blue-chip index since Dec. 13, 2017, according to Dow Jones Market Data. Meanwhile, the S&P 500 closed off 0.3% at 3,004, halting a 5-day win streak and the Nasdaq Composite Index finished down 0.4% at 8,222, ending its string of gains at two. All three benchmarks closed at records on Monday. Investors digested earnings JPMorgan Chase & Co. , Goldman Sachs , and Wells Fargo & Co. , which delivered on lowered expectations but came as the Federal Reserve was expected to lower rates, currently at a range of 2.25%-2.50% at the end of July to combat the effects of tariff conflicts between the U.S. and China. Banks tend to benefit from a higher-rate environment because the institutions borrow over a short-term basis and lend over a longer term. JPMorgan, for one, said that it was lowering its forecast for net interest margin, which helped to put pressure on its shares. Goldman's stock, however, rose 1.9%, as the investment bank surprised by beating analysts' average estimates firmly on profit and revenue. On the economic front, June retail sales rose 0.4% compared against May, coming in ahead of the 0.1% gain expected by economists polled by MarketWatch. Still, Dallas Federal Reserve chief Robert Kaplan also said Tuesday that inflation is likely to remain low because of the vast changes new technologies have had on wages and prices.
11:57 a.m. July 16, 2019
McDonald’s Deal With DoorDash Delivers Blow to Uber Eats
Uber Eats had been the burger giant’s sole U.S. delivery partner
10:43 a.m. July 16, 2019
- By Jeffry Bartash
Fed’s Kaplan says inflation likely to stay low even with economy near ‘full employment Dallas Fed president says new technologies reshaping economyThe chief of the Dallas Federal Reserve on Tuesday said inflation is likely to remain low because of vast changes in the economy wrought by new technologies that have severed the historical link between wages and prices.
8:44 a.m. July 16, 2019
- By Michael Ashbaugh
Charting a break to ‘clear skies’ territory, S&P 500 sustains rally atop 3,000 mark Focus: Industrial sector presses major resistance, Gold miners digest massive multi-year breakout, XLI, GDX, CYBR, ADI, XLNX, LPSNTechnically speaking, the S&P 500 has reached record territory, confirming its uptrend with a strong third-quarter start, writes Michael Ashbaugh.