Breaking Stock Market and Financial News

North Korea's foreign minister calls Trump's U.N. address 'sound of dog barking'

Top Reuters News - Wed, 09/20/2017 - 22:04
SEOUL (Reuters) - North Korean Foreign Minister Ri Yong Ho called U.S. President Donald Trump's address to the United Nations "the sound of a dog barking", brushing aside Trump's remarks that the United States may be forced to "totally destroy" North Korea.

Mexico rescuers work into night to save trapped girl as quake toll tops 230

Top Reuters News - Wed, 09/20/2017 - 21:36
MEXICO CITY (Reuters) - Mexican rescuers on Wednesday labored for a second night amid the rubble to save possible survivors of the country's most lethal earthquake in a generation, including a girl trapped under a school in Mexico City, as the death toll exceeded 230.

U.S. weighs whether to stay in Iran nuclear deal

Top Reuters News - Wed, 09/20/2017 - 21:32
UNITED NATIONS (Reuters) - The United States said on Wednesday it is weighing whether the Iranian nuclear deal serves its security interests even as Iran said it did not expect Washington to abandon the agreement.

Islamists lure youngsters in the Philippines with payments, promise of paradise

Top Reuters News - Wed, 09/20/2017 - 21:28
MARAWI CITY, Philippines (Reuters) - When he saw his commander holding the severed head of one of his neighbors, teenage Islamist fighter Jalil knew it was time to escape from Marawi City.

Manafort offered to brief Russian billionaire on Trump campaign: report

MarketWatch Market Pulse - Wed, 09/20/2017 - 19:58

Former Trump campaign chairman Paul Manafort offered to provide private briefings on how the campaign was progressing to a Russian billionaire with close ties with President Vladimir Putin, according to a Washington Post report late Wednesday. Manafort made the offer to Oleg Deripaska, an aluminum magnate and one of the richest men in Russia, who had done business with Manafort in the past, the Post reported. It reportedly occurred two weeks before Trump accepted the Republican presidential nomination, when Manafort was still leading his campaign. The exchange was in a series of emails that were turned over to congressional investigators and special counsel Robert Mueller. The Post said Manafort was seeking to cash in on his growing reputation, asking "How do we use to get whole?" The Post said there was no evidence the briefings actually took place, and Manafort's spokesman said the dealings were "innocuous," according to NBC News, which corroborated the Post's report.

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Fed keeps U.S. rates steady, to start portfolio drawdown in October

Top Reuters News - Wed, 09/20/2017 - 19:10
WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

Republicans plan healthcare vote, Obama and TV host denounce bill

Top Reuters News - Wed, 09/20/2017 - 19:09
WASHINGTON (Reuters) - Senate Republicans announced plans to vote next week on their latest bid to scuttle Obamacare even as a popular comedian who has become part of the U.S. healthcare debate denounced the bill and former President Barack Obama on Wednesday warned of "real human suffering."

Apple concedes new watch has connectivity glitch

Top Reuters News - Wed, 09/20/2017 - 19:07
(Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby.

Facebook signs huge office-space lease in San Francisco: report

MarketWatch Market Pulse - Wed, 09/20/2017 - 18:43

Facebook Inc. has signed a huge office lease in San Francisco with room for 2,000 to 3,000 employees, the San Francisco Business Times reported Wednesday. The social media giant, which is headquartered 35 miles south in Menlo Park, will occupy 50 floors -- 436,000 square feet -- of a skyscraper that is still under construction. The 70-story tower at 181 Fremont is scheduled to open by the end of the year, and is close neighbors with the Salesforce Tower, now the city's tallest building. Facebook's office-space deal is reportedly the largest in San Francisco in the past three years. Facebook is the latest tech giant to make a significant footprint in San Francisco. Just this year, Salesforce.com Inc. , Amazon.com Inc. and Alphabet Inc.'s Google have signed office-space deals in the city.

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Facebook adding more human review to ad systems, says COO Sandberg

MarketWatch Market Pulse - Wed, 09/20/2017 - 17:28

Facebook Inc. Chief Operating Officer Sheryl Sandberg said Wednesday that the company plans to tighten its enforcement process and human review for ads on its platform. Facebook announced the changes in the wake of a ProPublica report that the Menlo Park-based company had enabled advertisers to reach "Jew haters." The company said additional human review for new ad targeting options aims to keep the offensive terms from appearing. In addition, Sandberg said Facebook will create a program that will enable the company's users to report ad abuses so the company can take action. "We have long had a firm policy against hate on Facebook," Sandberg wrote. "Our community deserves to have us enforce this policy with deep caution and care." Facebook stock edged down less than 1% after hours, and closed down 0.2% to $172.17 in the regular session. The company's stock has surged 49.7% this year, with the S&P 500 index rising 12%.

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Blue Apron gains after Albertsons agrees to buy meal-kit rival

MarketWatch Market Pulse - Wed, 09/20/2017 - 17:12

Blue Apron Holdings Inc. shares gained Wednesday afternoon after grocer Albertsons Co. announced that it had bought a rival meal-kit service called Plated. Albertsons, a private company that owns grocery-store chains including its namesake, Safeway and Vons, did not disclose the price paid for Plated. Plated offers meal kits through the mail, like Blue Apron, but will now make that company's offerings available in some of its 2,300-plus grocery stores nationwide. Blue Apron shares gained more than 3% to $5.40 in late trading, after falling 5.5% in the regular session to $5.22. Shares have fallen by as much as 50% from the $10 price commanded in its July initial public offering, amid concerns about competition from the likes of Amazon.com Inc.

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Alphabet's Nest announces new internet-connected home security system

MarketWatch Market Pulse - Wed, 09/20/2017 - 16:50

Alphabet Inc. unit Nest Labs Inc. announced a line of six new internet-connected security products on Wednesday. Nest Secure, which will retail for $499, is the company's security system and uses a range of sensors, speakers and Nest's app to protect homes. Nest Secure includes a smart speaker-like base station, several motion sensors and near-field communication-enabled fob keys. In addition to the sensors and fob keys, Nest also announced a video doorbell and an outdoor security camera called Nest Cam IQ for $349. The company did not reveal a price for the video doorbell, called Nest Hello. Alphabet stock was flat after hours and closed up 1.1% to $947.54 in the regular session. Alphabet shares have risen 19.6% this year, with the S&P 500 index rising 12%.

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Juno Therapeutics to launch $225 million follow-on offering

MarketWatch Market Pulse - Wed, 09/20/2017 - 16:30

Shares of Juno Therapeutics Inc. fell more than 1% late Wednesday after the biopharmaceutical company announced the launch of a proposed follow-on public offering worth $225 million. Juno said it expects to grant the underwriters an option to purchase up to an additional $33.75 million of shares. The company plans on using the proceeds for general corporate purposes and working capital, Juno said in a statement. Morgan Stanley and J.P. Morgan are joint bookrunners. The stock ended the regular trading session up 3.2%.

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Fed keeps rates steady, to start portfolio drawdown in October

Top Reuters News - Wed, 09/20/2017 - 16:15
WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of weak inflation.

Tesla working with AMD on Autopilot chip: CNBC

MarketWatch Market Pulse - Wed, 09/20/2017 - 16:12

Tesla Inc. is working with Advance Micro Devices Inc. to produce a chip for its Autopilot, the car maker's suite of advanced driver-assistance systems, aiming to reduce Tesla's reliance on Nvidia Corp. , according to a CBNC report that cited a source familiar with the matter. The report cited the same source saying more than 50 people are working under Jim Keller, the head of Autopilot, and Tesla has brought on several former AMD employees to work on the project, CNBC said. Tesla has developed its own ADAS software and related systems and relies on an onboard Nvidia AI "supercomputer." AMD shares rose 1.5% late Wednesday, while Tesla shares and Nvidia shares fell 0.1% and 0.6%.

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Hurricane Maria brings destruction, heavy floods to Puerto Rico

Top Reuters News - Wed, 09/20/2017 - 16:11
SAN JUAN, Puerto Rico (Reuters) - Hurricane Maria rampaged across Puerto Rico on Wednesday as the strongest storm to hit the U.S. territory in nearly 90 years, bringing widespread flooding and knocking out power across the island after killing at least nine people in the Caribbean.

S&P 500, Dow end at records after Fed decision on balance sheet

MarketWatch Market Pulse - Wed, 09/20/2017 - 16:05

The S&P 500 and Dow Jones Industrial Average eked out marginal gains to end at records on Wednesday after the Federal Reserve outlined its plan to start reducing its massive balance sheet in October. As fully expected, policy makers made no change to interest rates, but said the Fed would start to shrink its $4.5 trillion balance sheet by $10 billion a month. The S&P 500 closed 1.59 points, or less than 0.1%, higher at 2,508.24. The Nasdaq Composite index slipped 5.28 points, or less than 0.1%, to 6,456.04. The Dow Jones Industrial Average added 41.79 points, or 0.2%, to 22,412.59. Among the best performer on Wall Street were energy companies, which rose in tandem with oil prices. Marathon Oil Corp jumped 3.5% and was the best performers on the S&P 500.

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Iran says it does not expect U.S. to leave nuclear deal

Top Reuters News - Wed, 09/20/2017 - 15:57
UNITED NATIONS (Reuters) - Iran vowed on Wednesday not to be the first nation to violate the Iran nuclear deal and said it did not expect the United States to abandon it despite President Donald Trump's fierce criticism.

California sues Trump administration over border wall

Top Reuters News - Wed, 09/20/2017 - 15:47
SAN FRANCISCO (Reuters) - California filed a lawsuit on Wednesday over the Trump administration's plan to construct a wall along the border with Mexico, adding to the obstacles facing one of the Republican president's key campaign promises.

Rescuers get closer to trapped girl as Mexico quake toll passes 220

Top Reuters News - Wed, 09/20/2017 - 15:29
MEXICO CITY (Reuters) - Rescuers frantically worked to dig a young girl out from under the rubble of a partially collapsed school in Mexico City on Wednesday, offering a small glimmer of hope amid devastation from a major earthquake that killed at least 224 people.

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