CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Blackberry Limited said Tuesday that it will no longer manufacture its Blackberry Classic as a part of a company effort to innovate and update their smartphones lineup with "state of the art devices."
"We are ready for this change so we can give our customers something better – entrenched in our legacy in security and pedigree in making the most productive smartphones," Ralph Pini, chief operating officer and GM for devices at BlackBerry, said in a blog post.
He added, although it is "very tough" to let go of the device, the change will make way for new and better experiences.
Blackberry has struggled in recent years amid shrinking market share. The company has shifted its focus to serving corporations and government agencies.
Separately, the U.S. Senate said it would ditch Blackberry handsets Monday for Apple and Samsung smartphones after Blackberry informed AT&T and Verizon that production of all Blackberry OS 10 devices would end, according to a report in Recode.
"Despite my best efforts to tell the world I'm a lot more than just a phone company, every question I ever get is about phones," CEO John Chen said last week, according to Recode.
Blackberry will continue to update Blackberry 10 software with version 10.3.3 next month and a second update to follow next year, according to the company's post.
Chen told CNBC in May that the company plans to release two new smartphones between now and the end of the year.