Tag: stock market

The Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement The Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement, the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations: Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area. ], the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations — Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area.

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 Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement The Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement, the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations: Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area. ], the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations — Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area.

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 Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement The Federal Bureau of Investigation said it has arrested a Seattle man in connection with a series of suspicious packages that were sent to U.S. military sites in the Washington, D.C. area on Monday. In a press statement, the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations: Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area. ], the FBI said 43-year old Thanh Cong Phan, was taken into custody on Monday, and that the packages found contained “potential destructive devices.” Multiple packages were sent to the following locations — Joint Base Anacostia-Bolling and Lesley J. McNair, both in D.C. and the Naval Surface Warfare Center, the Central Intelligence Agency and Fort Belvoir, all in Virginia. The FBI said it’s continuing a joint investigation with the U.S. Postal Inspection Service and cautioned that further packages could have been mailed to mail processing facilities in the D.C. metro area.

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. will delay the unveiling of its upcoming smart speaker with a digital assistant, Bloomberg News reported late Tuesday. The device was set to be previewed at Facebook’s upcoming developers conference in May, but will be put on hold in the wake of the recent scandal involving Cambridge Analytica’s unauthorized mining of Facebook users’ data. Facebook will now take extra time to ensure the new device will sufficiently protect users’ data, Bloomberg said. Facebook still plans to launch the device, which will compete with Amazon.com Inc.’s Echo and Alphabet Inc’s Google Home, later this year, Bloomberg reported.

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. will delay the unveiling of its upcoming smart speaker with a digital assistant, Bloomberg News reported late Tuesday. The device was set to be previewed at Facebook’s upcoming developers conference in May, but will be put on hold in the wake of the recent scandal involving Cambridge Analytica’s unauthorized mining of Facebook users’ data. Facebook will now take extra time to ensure the new device will sufficiently protect users’ data, Bloomberg said. Facebook still plans to launch the device, which will compete with Amazon.com Inc.’s Echo and Alphabet Inc’s Google Home, later this year, Bloomberg reported.

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

North Korean leader Kim Jong Un is still willing to meet with the U.S., Chinese state media reported late Tuesday, confirming reports that he was in Beijing on a surprise trip. According to multiple reports, state TV network CCTV said Kim and his wife were in Beijing for the past four days, his first trip outside his country since taking power in 2011. Kim and Chinese President Xi Jinping reportedly discussed proposals to improve relations, and Kim apparently said he was committed to the denuclearization of the Korean peninsula. Earlier this month, President Donald Trump surprisingly accepted Kim’s invitation to meet later this year, although there has been no official response from North Korea since then.

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

Advanced Micro Devices Inc. reiterated Tuesday that cryptocurrency mining was less than 10% of its revenue last year in response to reports that a change in Ethereum mining would damage its business. “Yesterday a report was published on AMD which hypothesized very high revenue for Ethereum-related GPU sales,” the company wrote in an unsigned blog post. “As a reminder, on our Q4’17 earnings conference call we stated that the percentage of annual revenue related to Blockchain was approximately mid-single digit percentage in 2017.” While the post did not name any names, Susquehanna analyst Christopher Rolland downgraded the stock to negative from neutral on Monday, and wrote that “the proliferation of Ethereum mining ASICs have the ability to impact ~20% of AMD’s total company revenue.” AMD and Nvidia Corp. are thought to have benefited from the use of their GPUs to mine on the Ethereum blockchain last year, but that cryptocurrency is believed to be almost ready to move beyond GPU mining and require ASIC chips. AMD’s blog post focused on the company’s core businesses and their ability to grow, specifically mentioning its inclusion in some Apple Inc. products. AMD stock fell a combined 5.9% Monday and Tuesday; in late trading Tuesday after the blog post hit, shares gained about 0.3%.

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

Shares of RH jumped more than 14% late Tuesday after the home-goods company, formerly known as Restoration Hardware, reported fourth-quarter earnings above Wall Street expectations and forecast better profits in the first quarter. RH said it earned $261,000, or 1 cent a share, compared with $9.4 million, or 23 cents a share, in the year-ago period. Adjusted for one-time items, RH earned $43.3 million, or $1.69 a share, in the quarter, compared with $28 million, or 68 cents a share, a year ago. Sales rose 14% to $670.3 million, from $587 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.56 a share on sales of $672 million. “In 2018, we will continue our focus on execution, architecture and cash,” the company said in a statement. For the year, RH said it expects sales between $2.53 billion and $2.57 billion, and adjusted per-share earnings between $5.45 and $6.20. Shares of RH ended the Tuesday session down 4.1%.

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.

…read more

From:: Stock Market News

Sonic Corp. shares fell 5% in the extended session Tuesday after issuing a weaker than expected full-year guidance. Sonic shares closed up more than 2% to $25.34 during the regular session. The company reported fiscal second-quarter net income of $19.5 million, or 51 cents a share, compared with $11 million, or 25 cents a share, in the year-ago period. Adjusted earnings were 17 cents a share. Revenue fell to $88.1 million from $100.2 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 15 cents a share on revenue of $94.2 million. Sonic said it expects full-year earnings of $1.43 a share to $1.50 a share; analysts model earnings of $1.52 a share. Sonic stock has fallen 7.8% this year, with the S&P 500 index falling less than 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.

…read more

From:: Stock Market News

Sonic Corp. shares fell 5% in the extended session Tuesday after issuing a weaker than expected full-year guidance. Sonic shares closed up more than 2% to $25.34 during the regular session. The company reported fiscal second-quarter net income of $19.5 million, or 51 cents a share, compared with $11 million, or 25 cents a share, in the year-ago period. Adjusted earnings were 17 cents a share. Revenue fell to $88.1 million from $100.2 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 15 cents a share on revenue of $94.2 million. Sonic said it expects full-year earnings of $1.43 a share to $1.50 a share; analysts model earnings of $1.52 a share. Sonic stock has fallen 7.8% this year, with the S&P 500 index falling less than 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.

…read more

From:: Stock Market News