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Showing posts with the label Bulletin

Bulletin | Facebook expects multibillion-dollar FTC fine, but stock still gains after earnings

Jeremy C. Owens 5-6 minutes Facebook Inc. shares jumped in late trading Wednesday, even as the company said it expects to pay a multibillion-dollar fine to the Federal Trade Commission. Facebook took a $3 billion charge in the first quarter, as it “reasonably estimated” that it will be required to pay that much as the FTC looks to punish the company for violating a consent decree on user privacy. Without that charge, Facebook would have easily topped earnings estimates, so after a brief decline in shares during after-hours trading, they jumped back up to a 4% gain. “We esti

Bulletin | Why the world’s biggest bond investor is dismissing the recession warning of the yield curve

Sunny Oh 9-12 minutes The head of the world’s largest bond fund says investors shouldn’t read too much into the recessionary signal coming from the U.S. Treasury market. In an interview with MarketWatch, Daniel Ivascyn, group chief investment officer of Pacific Investment Management Company, or Pimco, said too many market participants were watching for an economic downturn by monitoring the twists and turns of the yield curve, which saw the rate on 10-year Treasurys fall below the 3-month Treasury bill yield on March 22, marking the first such inversion since 2007.

Bulletin | Consumer sentiment improves for second straight month

Greg Robb 4 minutes By Senior economics reporter Bloomberg Shoppers carry bags on Market Street in San Francisco

Bulletin: Dow turns positive as stocks unwind sharp selloff

William Watts, Barbara Kollmeyer Volatility continued to reign Thursday, with the Dow Jones Industrial Average erasing a loss of more than 600 points to edge into positive territory ahead of the closing bell. The rebound comes after stocks struggled to build on the previous session’s sharp rally, which in turn was a snapback from the worst Christmas Eve performance in history. How are benchmarks performing? The Dow Jones Industrial Average DJIA, +0.18%  was up 96 points, or 0.4%, at 22,975, after dropping as much as 611 points at its session low. The S&P 500 SPX, -0.03%  als

Bulletin: Orders for durable goods rise 0.8% in November, led by aircraft

Greg Robb By Senior economics reporter Bloomberg News/Landov An employee sits on top of a Beechcraft King Air turboprop aircraft d

Bulletin I MarketWatch: Tilray and Budweiser maker will partner to research weed drinks; Tilray stock jumps

Max A. Cherney Marijuana producer Tilray Inc. announced Wednesday that it has signed a research partnership with Budweiser maker Anheuser-Busch InBev SA, as the Canadian cannabis industry continues to strike deals with legacy industries. The joint venture will run through Anheuser-Busch’s BUD, +0.07%  subsidiary Labatt Breweries of Canada, and each company intends to invest up to $50 million to research beverages infused with tetrahydrocannabinol, or THC, and cannabidiol, or CBD. THC is the compound that produces psychoactive effects, whereas CBD does not — though it has other properties some se

Bulletin I MarketWatch: U.S. adds 179,000 private-sector jobs in November: ADP

Greg Robb By Senior economics reporter Bloomberg News/Landov Job seekers attend a Ready, Set, Build! A Construction Career Expo event in Detroit last month. The numbers: Private-sector employment stayed strong in November,

Trump view on Powell has changed from ‘not even a little bit happy’ to ‘pleased’ after the chairman’s ‘just below’ speech

Greg Robb By Senior economics reporter Reuters Treasury Secretary Steven Mnuchin listens as U.S. President Donald Trump speaks at the White House. President Donald Trump, who has been pleading with the Federal Reserve

House price growth slows to nearly two-year low as Case-Shiller makes the slowdown official

Andrea Riquier Silvia Ascarelli / MarketWatch We’re likely not in for a repeat of the housing crash, but more price cuts are likely to appear throughout the country. The numbers: The S&P/Case-Shiller 20-city index was flat on a seasonally adjusted basis in September compared to August, and was 5.1% higher compared to its level a year ago, the lowest annual increase in nearly two years. The Econoday consensus was for a 0.3% mon

Stock market shifts higher on cautious optimism over U.S.-China tariff spat Sue Chang, Chris Matthews Stocks gained altitude Thursday afternoon after a choppy start, as cautious optimism took hold following a report that the U.S. is backing off from its belligerent stance against China on trade while solid economic data offset underwhelming earnings from Walmart Inc. Investors also digested developments surrounding Britain’s convoluted effort to leave the European Union and comments from Federal Reserve Chairman Jerome Powell for clues on monetary policy. How did the benchmarks fare? The Dow Jones Industrial Average

Americans shrug off stock-market turmoil, still upbeat, consumer sentiment shows: MarketWatch I Bulletin Jeffry Bartash Getty Images Americans are very upbeat about the economy as the holiday season approaches. The numbers: Americans are still upbeat about the economy heading into the holiday shopping season despite big ups and downs in the stock market and rising U.S. interest rates, a survey of consumers shows. The University of Michigan’s consume