Category Archives: News & Updates

PRECIOUS-Palladium breaks above $1,600 in record run as supply woes persist

Lenders and travelers stick with Ethiopian Airlines, for now

Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines’ quest to become Africa’s dominant carrier, despite a March 10 crash that killed 157 people.

Transport Canada sending team to assist with proposed software changes for 737 MAX

3 Ways to Benefit From Falling Rates

Key Words: The New Zealand prime minister will never say the Christchurch gunman’s name again

Prime Minister Jacinda Ardern says she won’t give the alleged shooter any more “notoriety” during her first Parliament address since the massacre.

FAA on Sullenberger criticisms of Boeing 737 Max: Certification process ‘consistently produced safe aircraft designs’

The Federal Aviation Administration responded to a MarketWatch article by Capt. ‘Sully’ Sullenberger, which said Boeing and the FAA ‘have been found wanting in this ugly saga.’

Cannabis Watch: Cannabis stocks climb after Tilray’s earnings, as New Jersey moves closer to legal weed

Cannabis stocks were mostly higher Tuesday, as investors digested Tilray Inc.’s earnings and the latest moves by New Jersey and Pennsylvania to pave the way toward legalization.

Global shares at five-month high, sterling rides Brexit twists

Stock markets across the world rose on Tuesday for a seventh session, the longest winning streak of the year, while sterling wobbled against the U.S. dollar on expectations European Union officials would allow Britain a delay on Brexit negotiations.

GLOBAL MARKETS-Shares at five-month high, sterling rides Brexit twists

Lear downgraded to hold from buy at Deutsche Bank

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DSW shares plummet 14.7% in Tuesday trading after earnings

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Barron’s Group Experts: Capt. ‘Sully’ Sullenberger: Where Boeing and the FAA went wrong in this ‘ugly saga’

The ‘Miracle on the Hudson’ pilot on the Boeing 737 Max controversy: ‘Our credibility as leaders in aviation is being damaged.’

EU to study Boeing software updates before allowing flights to resume

The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc’s aviation safety agency said.

Ethiopian crash crew’s voices may unlock high-stakes Boeing inquiry

The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.

TFSA Investors: 3 Dividend Stocks on Sale Now Yielding Up to 5.6%

Dow stands less than 800 points shy of a record, as a ‘golden cross’ forms in the blue-chip benchmark

The Dow Jones Industrial Average on Tuesday looked set to extend a bullish turn that has seen it register four consecutive gains, putting the index less than 800 points from its October record. Most recently, the Dow was up 130 points, or 0.5%, at 26,043, as of late-morning Thursday. On Oct. 3, the Dow hit a record at 26,828.39, with its current level putting it about 785 points short of that level. The blue-chip gauge’s rally, headed for a fifth straight day, also has formed a bullish golden cross, where its 50-day moving average crossed above its 200-day moving average, a feature often viewed by market technicians as a bullish sign in an asset. The Dow’s 50-day stands at 25,180.51, while the 200-day is at 25,166. The bullish cross comes 60 sessions after a bearish death cross appeared on Dec. 19. The last golden cross appeared on April 19, 2016, which was 66 sessions after a death cross appeared. Meanwhile, the S&P 500 index was up 0.3% at 2,841, while the Nasdaq Composite Index advanced 0.3% at 7,734. 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.

FDA says Nutra Pharma illegally markets unapproved products claiming to treat addiction and chronic pain

The Food and Drug Administration said on Tuesday it had posted a warning letter to Nutra Pharma Corp. for illegally marketing unapproved products for treating pain and addiction. “Health fraud scams like these are inexcusable,” said FDA Commissioner Scott Gottlieb. Nutra Pharma makes a line of products that supposedly contain cobra venom, something the company says can be used to treat chronic pain, cancer, arthritis and heroin addiction. “These products have not been demonstrated to be safe or effective and may keep some patients from seeking appropriate, FDA-approved therapies,” the FDA said in a statement. The regulatory agency is seeking a response from Nutra Pharma within 15 working days. Nutra Pharma trades over the counter. 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.

One year after Zuckerberg’s testimony about violent content on Facebook, has anything changed?

The live-streaming of New Zealand’s mosque shootings shows how difficult it is to put a stop to such content.

U.S. factory orders barely rise; shipments fall further

New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.

Ford Boosts Output of Biggest SUVs for Second Time in Two Years

Deutsche Bank Watchdogs Push Back Against National Champion Goal

UPDATE 5-Oil prices hit 2019 highs on OPEC cuts and U.S. sanctions

Zuora upgraded to buy from hold at Canaccord Genuity

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Market Snapshot: Dow aims for 5-day win streak as investors await Fed update

Stocks rise Tuesday morning as bulls attempt to push the Dow Jones Industrial Average to a five-day winning streak ahead of a Federal Reserve meeting.

Metals Stocks: Gold climbs as traders look for Fed to maintain dovish stance

Gold futures climb on Tuesday as traders look to a two-day meeting of Federal Reserve policy makers that’s expected to see the central bank maintain its dovish stance.

Dividend Investors: Is This 12% Payout Safe?

Goodyear to cut 1,100 jobs in Germany as it cuts tire production, modernizes plants

Goodyear Tire & Rubber Co. disclosed Tuesday that it expects to cut 1,100 jobs in Germany, as part of its plan to modernize tire manufacturing facilities and curtail production. Goodyear’s stock rose 1.7% in morning trade. The tire maker said it expects to record charges of $135 million, with $90 million recorded in the first quarter of 2019, as a result of the facility rationalization plan, which is expected to be completed during 2022. The facilities in the plan are the Goodyear Dunlop Tires Germany GMbH’s facilities in Hanau and Fulda. The company expects changes to the layout of the plants, efficiency gains from new equipment and the decision to curtail production of tires for declining, less profitable segments of the tire market to lead to the job cuts. Goodyear said the savings from the plan is expected to boost operating income for its Europe, Middle East and Africa business by an annualized $60 million to $70 million over a 3-year period beginning 2020. The stock, which closed at a near 6-year low earlier this month, has tumbled 35.5% over the past 12 months, while the Dow Jones Industrial Average has gained 5.9%.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.

MoviePass launches new $9.95 a month ‘uncapped’ subscription plan

MoviePass, which is owned by Helios & Matheson Analytics Inc. , said Tuesday it was launching a new “uncapped” subscription plan for $9.95 a month for a 12-month subscription, for a limited time. The monthly plan for MoviePass Uncapped is $14.95, for a limited time. The standard price will rise to $19.95 a month when the limited-time offers expire. MoviePass Uncapped includes no cap on the number of 2D movies in MoviePass’s theater network, which has more than 30,000 screens in the U.S., a “large” selection of blockbusters and independent films and the ability to reserve tickets three hours before showtime. “We are – and have been – listening to our subscribers every day, and we understand that an uncapped subscription plan at the $9.95 price point is the most appealing option to our subscribers,” said Helios & Matheson Chief Executive Ted Farnsworth. “While we’ve had to modify our service a number of times in order to continue delivering a movie-going experience to our subscribers, with this new offering we are doing everything we can to bring people a version of the service that originally won their hearts.” H&M shares gained 1.1% in morning trade. They have lost virtually all their value over the past 12 months, while the Russell 2000 has slipped 0.5% and the S&P 500 has gained 4.8%. 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.

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

A crisis at India’s Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.

Lenders and travellers stick with Ethiopian Airlines, for now

MoviePass ‘Uncapped’ will be $19.95 a month after limited time offers expire

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Goodyear expects ‘at least’ $135 mln in charges plan to modernize plants in Germany

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MoviePass to launches new ‘uncapped’ plan for $9.95 a month for a 12-mo. subscription for a limited time

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