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
Facebook's head of Calibra David Marcus faced skepticism from lawmakers at a House Financial Services hearing on its digital currency plans.Technologyread more
During a speech on "Medicare for All," Bernie Sanders will urge 2020 Democratic candidates to reject money from health care industries.2020 Electionsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread 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
The U.S. services sector expanded at a slower-than-expected pace in December, according to data released Monday.
The institute for Supply Management said its non-manufacturing index clocked in at 57.6 last month. Economists polled by Refinitiv expected the ISM non-manufacturing index to slip to 59 in December. The index hit 60.7 in November. A reading above 50 reflects expansion.
Prices in the services sector fell 6.7 percentage points to 57.6 last month, while employment slipped by 2.1 percentage points to 56.3. December's reading is also the lowest since July.
ISM's reading on the U.S. services sector comes after announcing last week its manufacturing index fell to its lowest level since November 2016.
Recently, weaker-than-expected economic data have stoked fears that the global economy may be slowing down. This has sent ripples through global markets as volatility in equities has risen sharply.
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