Tag: stock market

Authorities have opened a criminal investigation into a fire that killed at least 64 people at a Russian shopping mall on Sunday, media reports said. The blaze at Winter Cherry mall, located in Kemerovo, Siberia, burned for 12 hours, and had been packed with families. The site of a former confectionary factory, the popular mall features a petting zoo, cinema and indoor skating rink. The Associated Press said several people were still missing, and that four persons had been detained for questioning. The cause of the fire has not yet been determined.

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

U.S. stock futures indicated a bounce for major indexes at the start of trading on Monday, boosted in part by signs that trade tensions may be easing between the U.S. and China. Dow Jones Industrial Average futures jumped 170 points, or 0.7%, to 23,782, while S&P 500 futures rose 20.45 points, or 0.8%, to 2,618. Nasdaq-100 futures surged 65 points, or 1%, to 6,619.50. Major indexes logged their worst week since January 2016 on Friday, with the Dow plunging 424.69 points. Those losses stemmed from fears of a global trade war, with the U.S. and China trading barbs last week over the Trump administration’s plan to impose tariffs on China. But the two nations have started negotiations behind the scenes to ease U.S. access to China markets, The Wall Street Journal reported Monday, citing sources. Asian markets were mostly lower, though sharper losses from earlier were easing up. The dollar was trading flat, while gold prices were modestly lower, as were those for crude .

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

Dozens of Cambridge Analytica employees who were not U.S. citizens were deployed to provide campaign strategy and advice for Republican candidates in the 2014 elections, the Washington Post reported Sunday night. That may have been in violation of U.S. law, which restricts how much involvement foreign citizens may have in election campaigns. Former Cambridge Analytica research director Christopher Wylie, who blew the whistle on unauthorized data mining from Facebook Inc. user profiles, told the Post that the company aimed to provide candidates with individually tailored campaign messages. Two other former Cambridge Analytica employees also told the Post that those foreign workers may have been given potentially inaccurate immigration documents when they entered the U.S. Cambridge Analytica’s parent company is based in London.

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

Saudi Arabia said one person was killed and two injured by a ballistic missile that was shot down over the nation’s capital, Riyadh, on Sunday, the Associated Press reported. The missile was one of seven reportedly fired by Iran-backed Houthi rebels in Yemen, more than 600 miles away, on the third anniversary of the start of the Saudi-led war against the Houthis. Three missiles targeted Riyadh, the AP said, and the Saudi military said all seven were shot down by Patriot missiles. Over 10,000 people have died in the war, according to the United Nations, about half of them civilians.

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

The field for the men’s Final Four is set, and after an NCAA Tournament that has seen a number of stunning upsets, three-fourths of the field is fairly predictable. No. 1-seed Kansas beat Duke in overtime Sunday, 85-81, to become the last team to reach the Final Four. The Jayhawks will play fellow No. 1-seed Villanova, which defeated Texas Tech earlier Sunday, next Saturday in San Antonio. The other side of the bracket will pit No. 3-seed Michigan against the true Cinderella story, 11th-seeded Loyola-Chicago. The winners will advance to the championship game April 2. The games will air on Time Warner Inc.’s TBS.

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

Saudi Arabia said one person was killed and two injured by a ballistic missile that was shot down over the nation’s capital, Riyadh, on Sunday, the Associated Press reported. The missile was reportedly fired by Iran-backed Houthi rebels in Yemen, on the third anniversary of the start of the Saudi-led war against the Houthis. Saudi media said the missile was aimed at the city’s international airport and was shot down by Patriot missiles, the AP said. Over 10,000 people have died in the war, according to the United Nations, about half of them civilians

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

John Williams is set to be named president of the New York Fed, the Wall Street Journal reported Sunday. Williams is currently president of the San Francisco Fed. Citing sources familiar with the matter, the Journal reported that the Federal Reserve board of directors has recommended Williams to succeed the retiring William Dudley for the New York post, and a final decision may be announced next month.

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

Tesla CEO Elon Musk has asked for a slowdown in deliveries of his electric cars in Norway, citing problems tied to the local manufacturing supply chain. According to CNBC, referencing a local industry publication, Electrek, the Palo Alto, Calif.-based car maker’s problems in Oslo are linked to a dearth of “competent transporters” that comply with local road regulations. Shipments have been prone to accidents, the reports said. Electrek characterized Norway as Tesla’s largest “market per capita.” Via Twitter, Musk said “I have just asked our team to slow down deliveries. It is clear that we are exceeding the local logistics capacity due to batch build and delivery. Customer happiness & safety matter more than a few extra cars this quarter.” Tesla’s shares closed down 2.5% on Friday, registered a 6.2% weekly decline, and are down 3.2% so far in 2018. By comparison, the Dow Jones Industrial Average [:DJIA] is down 4.8% thus far in 2018, while the S&P 500 index is on track for a year-to-date drop of 3.5%, nearly all of that year-to-date decline for the benchmarks have been generated over the past week of trading, as investors worried about geopolitics and the threat of a trade war. Tesla is set to report its quarterly results on May 3, 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

Tesla CEO Elon Musk has asked for a slowdown in production of his electric cars in Norway, citing problems tied to the local manufacturing supply chain. According to CNBC, referencing a local industry publication, Electrek, the Palo Alto, Calif.-based car maker’s problems in Oslo are linked to a dearth of “competent transporters” that comply with local road regulations. Shipments have been prone to accidents, the reports said. Electrek characterized Norway as Tesla’s largest “market per capita.” Via Twitter, Musk said “I have just asked our team to slow down deliveries. It is clear that we are exceeding the local logistics capacity due to batch build and delivery. Customer happiness & safety matter more than a few extra cars this quarter.” Tesla’s shares closed down 2.5% on Friday, registered a 6.2% weekly decline, and are down 3.2% so far in 2018. By comparison, the Dow Jones Industrial Average [:DJIA] is down 4.8% thus far in 2018, while the S&P 500 index is on track for a year-to-date drop of 3.5%, nearly all of that year-to-date decline for the benchmarks have been generated over the past week of trading, as investors worried about geopolitics and the threat of a trade war. Tesla is set to report its quarterly results on May 3, 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

Facebook Inc. lost $74.66 billion in market capitalization this week, after news broke that Cambridge Analytical had acquired and improperly handled data from about 50 million members. Amid a broad market sell-off Friday, Facebook closed down 3.3% to $159.39 in the regular session. Facebook’s week-long decline underscores the gravity of the Cambridge scandal. Lawmakers have asked for hearings and testimony from Facebook executives and users have staged something of a digital revolt under the Twitter Inc. hashtag #DeleteFacebook. Even billionaire Elon Musk’s companies Space X and Tesla Inc. apparently deleted their Facebook pages Friday after users called for Musk to take action. Days after the crisis broke March 17 and after relative silence from the company, Facebook Chief Executive Mark Zuckerberg went on a public relations offensive Wednesday to quell user and investor fears. Facebook stock fell 14% during the week, as the benchmark S&P 500 index dropped 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.

…read more

From:: Stock Market News