Category Archives: News & Updates

Chips are down: Huawei U.S. blacklisting knocks semiconductor stocks

U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown.

UPDATE 7-Oil touches multi-week highs as OPEC signals may extend cuts

BRIEF-Moody’s Says U.S. Heavy Manufacturing Sector Will Benefit From Steel And Aluminium Imports Tariff Removal

France shares lower at close of trade; CAC 40 down 1.46%

BRIEF-Moody’s Says Removal Of U.S. Tariffs On Steel, Aluminum Imports Will Support Ratification Process For USMCA

Canada: The ‘best life hack’ for Americans looking to escape the grind? Pack your bags

Sam Dogen of the popular Financial Samurai blog has said his favorite arbitrage opportunity for the next 20 years is investing in non-coastal city real estate, as technology accelerates and capital pours into these affordable areas of the country. Now he’s offering up another way to maximize your dollars.

Dividend Investors: This 9% Yielder Will Pay You Every Month!

Key Words: The woman that Kim Kardashian helped free from prison says the reality star is ‘superwoman’

Alice Marie Johnson details how Kardashian helped get her life sentence commuted in her new memoir “After Life.”

Starbucks opening a store designed for the deaf and hearing impaired in China

Starbucks Corp. said Monday that it is opening a store designed for the deaf and hearing impaired in China, the first in that country but third of its kind. The store, which will be located near the Guangdong Disabled Association and Guangdong Deaf People Association, will offer jobs for the deaf community. Starbucks currently has more than 100 staff members with physical challenges in China. Starbucks’ other two signing stores are in Malaysia, which opened in 2016, and Washington, D.C., which launched in 2018. Starbucks stock is up 19.5% for the year to date, outpacing the S&P 500 index , which is up 13.5% 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.

Little Caesars will sell meatless pizzas, but they’ll cost more than regular pizzas

Be prepared to pay a little extra for meatless sausage at Little Caesars, the latest chain to jump on the plant-based bandwagon.

UPDATE 2-Zambia seeks ‘divorce’ from Vedanta over alleged mining breaches

Israel shares lower at close of trade; TA 35 down 0.70%

GM says most new vehicles to get over-the-air upgrade tech by 2023

General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet.

NeoPhotonics stock soars after B. Riley upgade

Shares of optoelectronics company NeoPhotonics Corp. were up more than 10% in Monday trading after B. Riley analyst Dave Kang upgraded the stock to buy from neutral, arguing that the uncertainty over a U.S. ban on sales to Huawei Technologies Co. has been “de-risked.” Shares dropped more than 30% last week after the ban was announced. “One of the reasons for our renewed bullishness is that we believe the Huawei ban could be another leverage point for President Trump, who is set to meet with China’s President Xi at the G20 Summit in late June, and as such, we believe the ban could be fairly brief,” Kang wrote. “Furthermore, we believe the Huawei ban will pressure NeoPhotonics management to weigh strategic options, including the potential sale of the company.” The upgrade comes as fellow optoelectronics company Lumentum Holdings Inc. lowered its outlook as a result of the Huawei ban and as companies like Alphabet Inc.’s Google began to comply with the order. NeoPhotonics shares are still off 35% on the year, as the S&P 500 has risen 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.

Market Snapshot: Stocks retreat as tech takes brunt of trade tensions

U.S. stocks retreat Monday, though off session lows, as souring U.S.-China trade relations continue to weigh on market sentiment with technology shares taking the brunt of the selling pressure.

Key Words: Woman freed from prison by Kim Kardashian says the reality star is ‘superwoman’

Alice Marie Johnson details how Kardashian helped get her life sentence commuted in her new memoir “After Life.”

Google withdraws support for Huawei phones, reinforcing U.S. consumers’ reliance on Apple and Samsung

If you were waiting for cheaper Chinese smartphones to enter the U.S. market, you could have a long wait.

Teens made up most of e-cigarette maker Juul’s Twitter following – study

(Reuters Health) – Almost half of the people who followed Juul Labs Inc on Twitter last year were not old enough to legally purchase e-cigarettes in the United States, according a study published on Monday.

Income Investors Beware: This Royalty Company Could Be a Major Dividend Trap

Should You Buy Barrick Gold (TSX:ABX) Stock as a Safety Play?

Capitol Report: Companies back bill targeting robocalls that consumer advocate says won’t stop calls

Washington is taking steps toward cracking down on robocalls, but experts are noting it’s a slow process as Corporate America raises concerns about potential restrictions.

Currencies: Aussie dollar rallies 1% after surprise election result keeps incumbents in power

The Australian dollar rallied as much as 1% on Monday after the incumbent Liberal-National government retained power in a surprise election result defeating the favored Labor party.

Victoria’s Secret market share sinks as online brands grow

Data from Coresight Research shows that Victoria’s Secret has lost market share over recent years as smaller, online brands have gained.

Inside the nationwide effort to encourage students to take college credits — while still in high school

Touted as an antidote to the college-cost crisis, the number of high-school students taking college courses has increased dramatically over the past several years.

Most new vehicles will get over-the-air upgrade tech by 2023: GM

General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet.

T-Mobile’s $26 billion deal for Sprint gets big boost after FCC chief gets behind it

T-Mobile’s US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission (FCC) on Monday, in a big step toward the deal’s approval.

American Airlines stock falls after Morgan Stanley turns bearish, slashes price target

Shares of American Airlines Group Inc. drop to help pace the declines in the airline sector, after Morgan Stanley turned bearish, saying a “cost reset” may be necessary.

These cities have the best quality of life, according to a new ranking

A European city came out on top

How Much Higher Can Shopify (TSX:SHOP) Stock Go?

NewsWatch: Stocks retreat to kick off the week as trade tensions persist

U.S. stocks were declining Monday as souring U.S.-China trade relations continued to weigh on sentiment throughout global markets.

Trump Today: Trump Today: President blasts Deutsche Bank report as he attacks Biden

President Donald Trump on Monday slammed a New York Times report about Deutsche Bank transactions involving him and son-in-law Jared Kushner, as he attacked Joe Biden ahead of a rally in Pennsylvania.

Wall St. lower as tech stocks sell-off on Huawei fallout worries

U.S. stocks fell on Monday, as Washington’s crackdown on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies.

PRECIOUS-Gold steadies as equities dip; focus turns to Fed minutes