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
World Wrestling Entertainment Inc was sued on Monday by Jimmy "Superfly" Snuka and dozens of other retired male and female wrestlers seeking to hold it responsible for neurological injuries they claimed to suffer by participating in its bouts.
The complaint was filed on behalf of more than 50 plaintiffs who have performed with WWE or its predecessors since the 1970s, including Joseph "Road Warrior Animal" Laurinaitis and Paul "Mr. Wonderful" Orndorff.
It accused Stamford, Connecticut-based WWE and Chairman Vince McMahon of intentionally classifying wrestlers as "independent contractors" rather than employees, as a means to avoid liability under applicable worker protection laws.
"WWE placed corporate gain over its wrestlers' health, safety, and financial security, choosing to leave the plaintiffs severely injured and with no recourse to treat their damaged minds and bodies," the complaint said.
The lawsuit seeks compensatory and punitive damages, as well as improved medical monitoring.
WWE, in a statement, called the lawsuit another attempt to hold it liable by a lawyer who had two earlier lawsuits dismissed and added that "we're confident this lawsuit will suffer the same fate".
WWE has won the dismissal of some claims in other lawsuits accusing it of hiding the risks of head trauma from wrestling.
The National Football League and National Hockey League have also been sued by retired players over head injuries.
Monday's complaint was filed with the federal court in New Haven, Connecticut.
The plaintiffs accused WWE of concealing the risks of the degenerative brain disease chronic traumatic encephalopathy and other traumatic brain injuries attributable to wrestling, including through "scripted" moves it choreographed.
Konstantine Kyros, a lawyer for the plaintiffs, in an email said WWE's "exploitative business model" kept his clients from learning their rights under laws such as the federal Occupational Safety and Health Act.
According to the complaint, Laurinaitis, 55; Snuka, 72; and Orndorff, 66, suffer from cognitive difficulties including headaches, dizziness and memory loss, while Snuka and Orndorff also experience confusion, depression and mood swings.
The plaintiffs also include former referees and identical twins Earl and Dave Hebner, 66, who according the complaint have experienced cognitive difficulties. Dave Hebner has also been diagnosed with Parkinson's disease, the complaint said.
The case is Laurinaitis et al v. World Wrestling Entertainment Inc et al, U.S. District Court, District of Connecticut, No. 16-01209.