The New York attorney general’s office said Tuesday night that the Trump Organization is now being investigated “in a criminal capacity.”
The FBI is investigating whether a U.S. defense contractor unlawfully directed money to support Sen. Susan Collins, according to a search warrant recently unsealed in federal court.
As the ink begins to dry on the mega merger between ATT’s WarnerMedia and Discovery, two big questions have surfaced: 1) Who will run their new powerhouse streaming service, and 2) How much will it cost to get rid of the current guy?
Fossil fuel companies may become increasingly vulnerable to cyberattacks over the next decade, as investors turn away from traditional energy producers in favor of renewables, according to John LaForge, head of real asset strategy at Wells Fargo Investment Institute.
Kyle Bass, chief investment officer of Hayman Capital Management, says that the biggest threat to the West is the advent of the digital yuan, which he has described as a Trojan Horse that could undermine Western developed countries.
Lollapalooza, one of the U.S.’s largest annual multiday music festivals, is set to return to full strength in late July after a nearly two-year hiatus.
COVID-19 is reopening a rift between economies in the world’s richest and poorest nations, driven by growth rates that are moving firmly in opposite directions.
By Andrew Keshner Happy Tuesday MarketWatchers. Don’t miss these top stories. A new survey says 45% of Asian American adults have experienced an incident tied to their racial or ethnic background since the COVID-19 pandemic began. Read More ‘My father, who passed away in 2009, and my mother had a joint will leaving all they [...]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies inched up by 620,000 barrels for the week ended May 14, according to sources. The data, however, also reportedly showed gasoline stockpiles down by 2.8 million barrels, while distillate inventories fell 2.6 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by just 53,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 2.9 million barrels, according to a survey of analysts conducted by SP Global Platts. It also forecast a supply climb 600,000 barrels for gasoline, but a 200,000-barrel decline for distillates. June West Texas Intermediate crude was at $65.30 barrel in electronic trading, compared with Tuesday’s settlement at $65.49 on the New York Mercantile Exchange.
AbbVie Inc.’s pricing practices for some of its top-selling medicines faced fresh scrutiny from federal lawmakers Tuesday, the latest effort by members of Congress probing the cost of prescription drugs.
Take-Two Interactive Software Inc. shares slipped in the extended session Tuesday as the videogame publisher’s outlook overshadowed its big earnings beat for the quarter.
‘Most credit card issuers are still considerably more cautious now than they were pre-COVID.’
Stocks ended lower Tuesday as a bounce for tech-related shares ran out of steam in afternoon trading. The Dow Jones Industrial Average fell around 267 points, or 0.8%, to close near 34,061, according to preliminary figures, while the SP 500 declined around 36 points, or 0.9%, to finish near 4,128. The Nasdaq Composite ended with a loss of around 75 points, or 0.6%, near 13,304. Stocks saw a mixed performance in early activity, with tech shares holding gains. A round of upbeat earnings from retailers were seen providing support but was offset by a weaker-than-expected reading on housing starts, analysts said.
The ICE U.S. Dollar Index fell back below the 90 threshold on Tuesday, threatening to take out a nearly 3-month low as Federal Reserve officials largely stick to the message of easy monetary policy.
Here are the pros and cons.
The Tesla CEO’s ‘Saturday Night Live’ episode scored the show’s third-highest ratings of the season
The fast-casual chain announced a number of compensation incentives as it searches for new workers, including an increase in average hourly pay to $15.
ATT Inc. shares are headed for their worst single-day performance in almost a year as investors continue to digest the company’s decision to reshape its business yet again with a spinoff of WarnerMedia to Discovery Inc.
Retailers are highlighting the categories that are on the upswing as the vaccine rollout continues and stimulus cash drives sales.
Sparks flew in Epic Games Inc.’s antitrust case Tuesday, when former Apple Inc. marketing chief Phil Schiller faced a grilling from Epic attorney Katherine Forrest over a series of internal emails among Apple executives that, Forrest argued, showed a clear intent by Apple to quell competition.
Oil futures settled with a loss on Tuesday after a tweet from BBC Persia implied that progress had been made in the Iran nuclear talks, and said that important news regarding the talks would be announced by Wednesday. Mikhail Ulyanov, Russia’s envoy to the United Nations Security Council, tweeted that “significant progress” has been achieved, but “unresolved issues still remain.” U.S. oil prices had finished Monday at their highest in over two years, but the price rise has now been slowed in part by the “Iranian talk breakthrough rumors,” said Phil Flynn, senior market analyst at The Price Futures Group. June West Texas Intermediate crude fell 78 cents, or 1.2%, to settle at $65.49 a barrel on the New York Mercantile Exchange.
Shares of MGM Resorts International rallied 2.7% in afternoon trading Tuesday, after J.P. Morgan analyst Joseph Greff turned bullish on the casino operator, citing valuation and increasing momentum as its U.S. casinos. Greff raised his rating to overweight, after being at neutral for the past year, and lifted his stock price target to $47 from $45. The upgrade comes after the stock dropped 8.2% from the 13-year closing high of $42.20 on April 27 through Monday. Greff said the recent pullback has provided investors and opportunity to buy “with fundamentals continuing to inflect positively.” He believes that momentum is building at its casinos, particularly in Las Vegas, every week, which can drive positive estimate revisions. Last week, the Nevada Gaming Control Board approved the return to 100% occupancy with no social distancing at MGM’s Las Vegas Strip properties. Also, continued digital market share momentum with strong iCasino and sports betting share is another reason to be bullish, Greff said. The stock has rallied 26.3% year to date. In comparison, shares of Las Vegas Sands Corp. slipped 4.3%, Caesars Entertainment Inc. rallied 35.0% and DraftKings Inc. shed 3.9%, while the SP 500 has advanced 10.4%.