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President Donald Trump’s daughter-in-law was sent to the hospital on Monday after a letter with an unidentified substance was sent to her apartment, according to NBC News’ local affiliate in New York. The suspicious package was sent to Vanessa Trump, who is married to Donald Trump Jr. The report, quoting unidentified officials, said Vanessa and two others were taken to a hospital for observation. A preliminary investigation suggests the powder is not hazardous, the report said.

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From:: Stock Market News

Cardlytics Inc. is up over 20% in afternoon trading Monday, on its second trading day after the company’s Friday initial public offering. The stock traded up 20.46% to $16.13, after closing 2.9% above its $13 IPO price the first day of trading. The marketing-data company’s executives told MarketWatch that even as the S&P 500 index index entered correction territory last week, there was no discussion about yanking the IPO and taking the company public during more favorable conditions. In the nine months ending in September, Cardlytics logged losses of $16 million on sales of $91 million. Its IPO netted $70.2 million after pricing at the low end of the $13-to-$15 forecast range. Chief Executive Scott Grimes called Cardlytics “a money machine” in an interview.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Cardlytics Inc. is up over 20% in afternoon trading Monday, on its second trading day after the company’s Friday initial public offering. The stock traded up 20.46% to $16.13, after closing 2.9% above its $13 IPO price the first day of trading. The marketing-data company’s executives told MarketWatch that even as the S&P 500 index index entered correction territory last week, there was no discussion about yanking the IPO and taking the company public during more favorable conditions. In the nine months ending in September, Cardlytics logged losses of $16 million on sales of $91 million. Its IPO netted $70.2 million after pricing at the low end of the $13-to-$15 forecast range. Chief Executive Scott Grimes called Cardlytics “a money machine” in an interview.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Dow Jones Industrial Average on Monday was rising by more than 400 points, as the blue-chip benchmark was buoyed by solid gains in shares of Apple Inc. and Boeing Co. The pair of Dow components were contributing more than 120 points to the Dow . The average was up $11.25, or 3.4%, at 344.14, while shares of Apple rose 4%, or $6.15, to $162.55. A $1 move in any one of the Dow’s components equates to a 6.83-point swing in the price-weighted average. Shares of General Electric Co. was the only laggard among Dow components. The Dow was recently up 444 points, or 1.8%, at 24,631, as the benchmark attempted to post its second straight gain after U.S. stocks got rocked last week, putting in their worst stretch of gains since early 2016, with all of the main benchmarks posting a loss of at least 5% for the week. Most recently, the S&P 500 index , meanwhile, was up 1.5% at 2,659, while the Nasdaq Composite Index advanced 1.6% at 6,983.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

President Donald Trump proposed what he called a reciprocal tax on trade during a meeting about infrastructure on Monday. “We are going to charge countries outside of our country — countries that take advantage of the United States,” Trump told state and local officials, according to a White House pool report. “So we’re going to be doing very much a reciprocal tax and you’ll be hearing about that during the week and the coming months.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Ulta Beauty Inc. shares are down 4.3% in Monday trading after a lawsuit filed in Chicago federal court alleges the chain sold used cosmetics. A Chicago Tribune report says a California woman is seeking class-action status for the suit, which accuses Ulta of repackaging returned cosmetics and selling them alongside never-opened merchandise. Former employees have tweeted alleging the practice. “The suit is not based on evidence of a health outbreak or product efficacy, which may ultimately make it easier to defend,” wrote Jefferies analysts in a note. “But in the court of public opinion, any sort of social driven campaign that challenges consumer perception of safety is a risk.” Analysts expect that Ulta will likely enact more strict vendor requirements for packaging and take other measures to address the issue. Jefferies rates Ulta shares buy with a $300 price target. MarketWatch has reached out to Ulta for comment. Ulta shares are down 22.5% for the last year while the S&P 500 index is up nearly 15% 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.

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From:: Stock Market News

Amazon.com Inc. is laying off several hundred corporate employees, with the cuts happening primarily in the consumer retail business, according to a report from The Seattle Times. The number of workers in Seattle has grown to 40,000 from 5,000 since 2010, with the swift increase pushing some units over budget and not enough work for some staff members, according to the report. The layoffs are expected to be complete in the coming weeks. Amazon has about 566,000 full-time and part-time workers according to its latest 10-K filing. The company has more than 4,000 job listings in Seattle, the Times reports, and continues its selection of a second headquarters location. Still, the Times says the company is taking measures to prevent redundancies, like a new rule that managers must have at least four workers reporting to them. Amazon shares are up 3.2% in Monday trading, and up 67% for the last year. The S&P 500 index is up 14.6% for the last 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Consumer Reports said in a recent note that the sound quality on Apple Inc.’s HomePod speaker was strong following an early batch of tests, but the publication concluded that the Sonos One and Alphabet Inc.’s Google Home Max had better audio. The HomePod is “not the best-sounding wireless speaker in our ratings-or even the best-sounding smart speaker,” Allen St. John of Consumer Reports wrote Friday. The publication dinged the HomePod for having a bass that was “a bit boomy and overemphasized” as well as “hazy” midrange tones. “Overall the sound of the HomePod was a bit muddy compared with what the Sonos One and Google Home Max delivered,” St. John wrote. He also pointed out that the HomePod only works with other Apple products. Apple shares are up 2.4% Monday and 21% over the past 12 months. The Dow Jones Industrial Average , of which Apple is a component, has gained 20% in that time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Consumer Reports said in a recent note that the sound quality on Apple Inc.’s HomePod speaker was strong following an early batch of tests, but the publication concluded that the Sonos One and Alphabet Inc.’s Google Home Max had better audio. The HomePod is “not the best-sounding wireless speaker in our ratings-or even the best-sounding smart speaker,” Allen St. John of Consumer Reports wrote Friday. The publication dinged the HomePod for having a bass that was “a bit boomy and overemphasized” as well as “hazy” midrange tones. “Overall the sound of the HomePod was a bit muddy compared with what the Sonos One and Google Home Max delivered,” St. John wrote. He also pointed out that the HomePod only works with other Apple products. Apple shares are up 2.4% Monday and 21% over the past 12 months. The Dow Jones Industrial Average , of which Apple is a component, has gained 20% in that time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Home Depot Inc. , Lowe’s Cos. , Best Buy Co. Inc. and Dick’s Sporting Goods Inc. are among the retailers poised to gain market share as Sears Holdings Corp. continues to surrender it, according to UBS. Appliances, apparel and what analysts call “soft home” are Sears’ biggest product categories by sales. The struggling retailer is on the path to $16.1 billion in sales for fiscal 2017, down 70% from a peak level of about $53 billion in 2006, analysts wrote in a recent note. About $3.5 billion in Sears sales are major appliances. Home Depot, Lowe’s and Best Buy could capture about 75% of that thanks to their own merchandise assortments and their distance from a Sears store. About 80% of Sears locations are within 15 minutes of these other retailers. “While some of the appliance sales could leak to Amazon.com Inc. since it now carries Kenmore products, we think physical stores will remain the dominant channel for this category,” a UBS note said. Dick’s Sporting Goods could snap up 25% of the estimated $400 million in sporting goods sales, an increase of about 150 basis points in same-store sales. Pier 1 Imports Inc. and Williams-Sonoma Inc. could also see a basis-point lift from furniture sales. Since the beginning of 2018, Sears has announced new financing measures along with more than 100 additional store closures, including Kmart. Sears shares are down more than 70% for the past year while the SPDR S&P Retail ETF is up 0.3% for the period and the S&P 500 index is up nearly 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News