Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
From hiring parties to improved training, restaurants are thinking outside the box to attract and retain talent. A recent report from TDn2K, a restaurant analytics firm, found...Restaurantsread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
Check out the companies making headlines midday Friday:
Boston Beer — The Sam Adams brewer dropped 5.5% after Goldman Sachs downgraded the stock to sell from buy, citing an intensifying beer market throughout the remainder of 2019.
Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.6% after Bank of America upgraded the beer maker to neutral from underperform. "We believe the shares will remain supported near-term, as the Street's concerns around its leverage subside and short-term earnings momentum improves," the bank said.
Louisiana-Pacific — Louisiana Pacific shares were up over 5.1% after Stephens upgraded the stock to overweight from equal weight, noting the company's strong balance sheet, commitment to capital discipline and "unusually high operating leverage" will help the stock.
Duluth Holdings — Shares of Duluth Holdings dropped 25.2% after the retailer reported earnings and revenues that fell short of expectations. The company posted earnings of 64 cents per share on revenues of $250.5 million, while analysts polled by Refinitiv had expected earnings of 75 cents per share on revenues of $258.2 million. The CEO cited challenges with system implementation, late deliveries of products and the slowdown of overall consumer spending during the holiday season.
Lennar — Lennar shares were up nearly 2% after J.P Morgan Securities added the company to its "Focus List," noting the homebuilder's valuation is attractive relative to its competitors.
Snap — Shares of Snap jumped 5% a day after the launch of its new advertising network, Snap Audience Network. The ad network will compete with advertising giants like Facebook, Google and LinkedIn, targeting its users beyond the social media company's main stake platform, Snapchat.
HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75 million in stock. The company also announced the sale of two of its businesses.
Triumph Group — Shares of the aerospace company gained 12.3% after announcing it is exploring alternatives for its aerospace structures business. Triumph also said Citigroup has been hired as an advisor throughout the review process.
Boeing — The Dow Jones Industrial Average member fell about 1% after Reuters reported the company was looking into scenarios in which production of the 737 Max jet would slow down.