Posted on

Tableau Software shares skid on earnings miss

Tableau Software Inc. shares fell in the extended session Tuesday after the visual data analytics company’s earnings fell short of Wall Street targets. Tableau shares fell 6% to $53 after hours. The company reported adjusted earnings of $300,000, or break-even a share, on revenue of $198.5 million. Analysts surveyed by FactSet had estimated earnings of 5 cents a share on revenue of $193.7 million.

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.

…read more

From:: Stock Market News

Posted on

U.S. oil closes below $40 a barrel for 1st time in nearly 4 months

Oil futures gave up an early bounce to settle lower Tuesday, with the U.S. benchmark closing below $40 a barrel for the first time since early April. September West Texas Intermediate crude on the New York Mercantile Exchange fell 55 cents, or 1.4%, to end at $39.51 a barrel. Oil had rallied in early action, but gave up gains toward midday as losses deepened for equity markets and futures cascaded through important chart support levels as traders await weekly U.S. inventories data amid a global crude glut.

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.

…read more

From:: Stock Market News

Posted on

CFPB: Best practices on how to continue loss-mitigation needs

Besides the start of a new year, Jan. 1, 2017 will also mark the first time since 2009 that the government’s Home Affordable Modification Program and Home Affordable Refinance Program will not exist. But now that the end date on these programs is rapidly approaching, government agencies are quickly reminding the industry of the loss-mitigation programs and options available. This includes the CFPB. …read more

From:: Real Estate Wire

Posted on

Starbucks recalls stainless steel beverage straws after reports of injured children

Starbucks Corp. announced Tuesday that it is recalling reusable stainless steel Cold-to-Go drinking straws after reports of multiple injuries to children. The straws, which came in two sizes, were sold at Starbucks stores and online between June 2012 and June 2016, and came in sets of three for about $6. About 2.5 million were sold in the U.S. with an additional 301,000 sold in Canada. There have been reports of three children with mouth lacerations, according to the Consumer Product Safety Commission. Starbucks says there was a report of an injured child in Canada as well. The CPSC advisies consumers not to allow children to use the straws. Starbucks shares are down 1.3% in Tuesday trading, and down 2.1% for the past year. The S&P 500 Index are up 2.2% 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.

…read more

From:: Stock Market News

Posted on

Gold settles at highest level in 2 years

Gold futures closed sharply higher Tuesday, with the yellow metal finishing at its highest level in more than two years. Flagging appetite for assets perceived as risky, including crude-oil and stocks, helped draw bids for haven assets, like precious metals. December gold closed up $13, or 1%, at $1,372.60 an ounce. Gold booked its best finish for a most-active contract since March 2014, according to FactSet data.

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.

…read more

From:: Stock Market News

Posted on

SolarCity shares cut to neutral at Baird

Analysts at Baird on Tuesday downgraded SolarCity Corp. stock to neutral on its pending sale to Tesla Motors Inc. , which the analysts considered “highly likely” to go through. The deal “demonstrates growing interest in energy technology companies, which we think will continue as the focus on energy efficiency, renewable energy, and resource management increases,” the Baird analysts said. On Monday,the two companies held a call with analysts and touted money-saving opportunities for the proposed deal, valued at $2.6 billion. Shares of SolarCity fell 2.1% and shares of Tesla also declined 2% Tuesday.

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.

…read more

From:: Stock Market News

Posted on

CRE Credit Stds Tighten as Residential Demand Up

Banks that make commercial real estate loans are reporting that credit standards have recently tightened. Meanwhile, demand for residential loans has risen across the board.

For home-purchase loans eligible for acquisition by Fannie Mae and Freddie Mac, 15 percent of large banks noted credit standards eased in the three most-recent three months.

At the same time, stronger demand on government-sponsored enterprise mortgages was indicated by exactly half of all banks compared to the previous three-month period.

…read more

From:: Financing

Posted on

Oil futures give up early bounce, turn lower

An early bounce by oil futures attributed to bargain hunting gave way to renewed selling pressure Tuesday morning, pushing the U.S. benchmark back below $40 a barrel. September West Texas Intermediate crude for September delivery on the New York Mercantile Exchange fell 23 cents, or 0.6%, to $39.83 a barrel. The contract had traded as high as $40.91 in early action, rebounding from heavy Monday losses that put crude back into bear-market territory. Oil remains shadowed by concerns over a global crude glut and uncertainty over near-term demand, analysts said.

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.

…read more

From:: Stock Market News