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Shares slip in Asia after bond yield spike hits Wall St
Shares slip in Asia after bond yield spike hits Wall St
| March 5th | 2021  3:09AM
Shares slip in Asia after bond yield spike hits Wall St
Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. Tokyo’s Nikkei 225 index dropped as much as 2% and shares fell in most other markets. Investors were disappointed with remarks by Federal Reserve Chair Jerome Powell on Thursday when he said inflation will likely…
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China sets growth target 'over 6%,' tightening HK control
Li Keqiang
| March 5th | 2021  12:55AM
China sets growth target 'over 6%,' tightening HK control
BEIJING (AP) — China’s No. 2 leader set a healthy economic growth target Friday and vowed to make this nation self-reliant in technology amid tension with Washington and Europe over trade and human rights. Another official announced plans to tighten control over Hong Kong by reducing the public's role in government. The ruling Communist…
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By slimmest of margins, Senate takes up $1.9T relief bill
Kamala Harris
| March 5th | 2021  12:40AM
By slimmest of margins, Senate takes up $1.9T relief bill
WASHINGTON (AP) — The Senate is beginning debate on a $1.9 trillion COVID-19 relief bill, after Democrats made eleventh-hour changes aimed at ensuring they could pull President Joe Biden’s top legislative priority through the precariously divided chamber. Democrats were hoping for Senate approval of the package before next week, in time for the House to sign off and get the measure to Biden quickly.
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US job growth likely rose in February in rebound from slump
US job growth likely rose in February in rebound from slump
| March 5th | 2021  12:01AM
US job growth likely rose in February in rebound from slump
WASHINGTON (AP) — America's employers likely stepped up their hiring in February as confirmed viral cases declined, consumers spent big chunks of their government aid checks and the economy appeared to be sustaining a tentative recovery. Economists have forecast that job growth reached 175,000 last month, according to data provider FactSet.
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The Latest: San Diego zoo vaccinates 9 great apes for virus
The Latest: San Diego zoo vaccinates 9 great apes for virus
| March 4th | 2021  11:27PM
The Latest: San Diego zoo vaccinates 9 great apes for virus
SAN DIEGO -- The San Diego Zoo has vaccinated nine great apes for the coronavirus after a troop of gorillas in its Safari Park became infected. Officials say four orangutans and five bonobos received COVID-19 injections in January and February. Three bonobos and a gorilla also are expected to receive the vaccine, which is experimental.
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EU, Italy stop AstraZeneca vaccine exports to Australia
EU, Italy stop AstraZeneca vaccine exports to Australia
| March 4th | 2021  11:20PM
EU, Italy stop AstraZeneca vaccine exports to Australia
BRUSSELS (AP) — A shipment of more than a quarter million AstraZeneca vaccines destined for Australia has been blocked from leaving the European Union, in the first use of an export control system instituted by the bloc to make sure big pharma companies would respect their contracts. The move, affecting only a small number of vaccines,…
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China announces 'over 6%' economic growth target, tech plans
Xi Jinping, Li Keqiang
| March 4th | 2021  10:56PM
China announces 'over 6%' economic growth target, tech plans
BEIJING (AP) — China’s No. 2 leader announced a healthy economic growth target Friday and plans to make this nation self-reliant in technology amid tension with Washington and Europe over trade, Hong Kong and human rights. The ruling Communist Party aims for growth “over 6%” as the world's second-largest economy rebounds from the coronavirus, Premier Li Keqiang said in a speech to China’s ceremonial legislature.
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China sets economic growth target of "over 6%" for 2021, announces plans for tech development, cleaner industry
Economy news icon
| March 4th | 2021  8:13PM
China sets economic growth target of "over 6%" for 2021, announces plans for tech development, cleaner industry
BEIJING (AP) — China sets economic growth target of "over 6%" for 2021, announces plans for tech development, cleaner industry.
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The Latest: Maryland to distribute vaccines more equitably
The Latest: Maryland to distribute vaccines more equitably
| March 4th | 2021  6:39PM
The Latest: Maryland to distribute vaccines more equitably
ANNAPOLIS, Md. — Gov. Larry Hogan released further plans Thursday to distribute COVID-19 vaccines more equitably to underserved parts of Maryland, after leaders of the state’s largest Black populations criticized major disparities in the rollout of vaccinations to minorities. “We’re not where we need to be with the Black community or…
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Camping World helps cash-strapped teams make it to Las Vegas
Camping World helps cash-strapped teams make it to Las Vegas
| March 4th | 2021  6:22PM
Camping World helps cash-strapped teams make it to Las Vegas
LAS VEGAS (AP) — Your eyes won’t be playing tricks on you Friday night when a fleet of trucks at Las Vegas Motor Speedway all look exactly the same. The distinct blue and yellow Camping World logo could be on as many as a dozen trucks as company CEO Marcus Lemonis has taken charge of the sponsorship woes plaguing the Truck Series. Camping…
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Tech pulls stocks lower as bond yields continue upward march
Tech pulls stocks lower as bond yields continue upward march
| March 4th | 2021  5:34PM
Tech pulls stocks lower as bond yields continue upward march
Technology companies led another broad sell-off on Wall Street Thursday as a spike in bond yields put more pressure on the market's high-flying stocks. The S&P 500 fell 1.3%, its third straight loss. The benchmark index, which briefly dipped into the red for the year, is on track for its third consecutive weekly loss. Just four days ago it notched its biggest gain since June.
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The Latest: Oklahoma jobless claims reach $4.4B in pandemic
The Latest: Oklahoma jobless claims reach $4.4B in pandemic
| March 4th | 2021  5:26PM
The Latest: Oklahoma jobless claims reach $4.4B in pandemic
OKLAHOMA CITY -- Unemployment payments since the beginning of the coronavirus pandemic a year ago in Oklahoma have surpassed the payments made during the past 10 years combined by nearly $1.5 billion, the Oklahoma Employment Security Commission said Thursday. More than $4.4 billion in jobless claims have been paid since March 2020, the…
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EXPLAINER: Why rising rates are unsettling Wall Street
EXPLAINER: Why rising rates are unsettling Wall Street
| March 4th | 2021  4:56PM
EXPLAINER: Why rising rates are unsettling Wall Street
NEW YORK (AP) — Interest rates keep marching higher, and Wall Street keeps shaking because of it. The yield on the 10-year Treasury climbed back above 1.50% Thursday, prodded higher by comments by the Federal Reserve's chair, and it helped send stocks on Wall Street on another slide. The speed at which the yield has climbed has forced investors to re-examine how they value stocks, bonds and every other investment.
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Senate begins considering Democrats' $1.9T virus relief bill
Senate begins considering Democrats' $1.9T virus relief bill
| March 4th | 2021  4:45PM
Senate begins considering Democrats' $1.9T virus relief bill
WASHINGTON (AP) — The Senate voted Thursday to begin debating a $1.9 trillion COVID-19 relief bill, after Democrats made eleventh-hour changes aimed at ensuring they could pull President Joe Biden’s top legislative priority through the precariously divided chamber. Democrats were hoping for Senate approval of the package before next week, in time for the House to sign off and get the measure to Biden quickly.
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How major US stock indexes fared Thursday
Stock markets news icon
| March 4th | 2021  4:27PM
How major US stock indexes fared Thursday
Stocks turned lower on Wall Street as bond yields made another upward spike, renewing pressure on high-flying technology companies. The S&P 500 fell 1.3% Thursday, its third straight loss. The Nasdaq pulled back 2.1%. The losses came as the yield on the 10-year Treasury rose sharply during a question-and-answer session with Federal…
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Powell: Higher inflation temporary, no rate hikes in sight
Powell: Higher inflation temporary, no rate hikes in sight
| March 4th | 2021  4:24PM
Powell: Higher inflation temporary, no rate hikes in sight
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies. His message of wait-and-see patience caused bond yields to jump and stocks to fall further, signaling that investors foresee stronger growth and higher inflation on the horizon.
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Marvell Technology, Okta fall; Burlington, Colfax rise
Financial markets news icon
| March 4th | 2021  4:16PM
Marvell Technology, Okta fall; Burlington, Colfax rise
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3 stocks that may have plenty more downside
3 stocks that may have plenty more downside
| March 4th | 2021  6:00AM
3 stocks that may have plenty more downside
Lately, it has often been the case that when a stock takes a downturn it has proven to be a good buy opportunity. However, the strategy does not always hold true as things can always get worse before they get better. Sometimes a company simply has limited growth prospects, fundamental flaws, or has simply fallen out of favor with the market. Here…
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2 Casino Stocks it’s Time to Roll the Dice On
2 Casino Stocks it’s Time to Roll the Dice On
| March 4th | 2021  5:36AM
2 Casino Stocks it’s Time to Roll the Dice On
Can you think of an industry that was hit harder during the onset of the pandemic more than resorts & casinos? Casino stocks were pummeled throughout 2020 as they reported sharp declines in revenue and earnings while people were stuck at home and practicing social distancing. It was hard for these stocks to catch a bid since there was so much…
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QuinStreet (NASDAQ:QNST) Upgraded to "Buy" by Zacks Investment Research
Zacks Investment Research Upgrades Quantum (NASDAQ:QMCO) to "Buy"
Prospect Capital (NASDAQ:PSEC) Rating Lowered to Hold at Zacks Investment Research
Primo Water (NYSE:PRMW) Downgraded by Zacks Investment Research
Zacks Investment Research Upgrades Perficient (NASDAQ:PRFT) to "Buy"
Zacks Investment Research Downgrades PQ Group (NYSE:PQG) to Sell
PennyMac Mortgage Investment Trust (NYSE:PMT) Upgraded by Zacks Investment Research to Hold
Anaplan (NYSE:PLAN) Lowered to "Hold" at Zacks Investment Research
Zacks Investment Research Lowers Precigen (NASDAQ:PGEN) to Sell
Zacks Investment Research Upgrades PetIQ (NASDAQ:PETQ) to Hold
PCTEL (NASDAQ:PCTI) Cut to "Sell" at Zacks Investment Research
Points International (NASDAQ:PCOM) Upgraded at Zacks Investment Research
Par Pacific (NYSE:PARR) Downgraded by Zacks Investment Research to Hold
Orchard Therapeutics (NASDAQ:ORTX) Lowered to "Hold" at Zacks Investment Research
The Goodyear Tire & Rubber Company (NASDAQ:GT) Expected to Post Quarterly Sales of $3.41 Billion
Analysts Anticipate Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Will Announce Quarterly Sales of $505.70 Million
$538.25 Million in Sales Expected for Edgewell Personal Care Co (NYSE:EPC) This Quarter
$87.66 Million in Sales Expected for Lantheus Holdings, Inc. (NASDAQ:LNTH) This Quarter
Zacks: Analysts Expect National Storage Affiliates Trust (NYSE:NSA) Will Post Quarterly Sales of $117.20 Million

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