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Swiss government bans all events over 1,000 people
Swiss government bans all events over 1,000 people
| February 28th | 2020  5:33AM
Swiss government bans all events over 1,000 people
GENEVA (AP) — The Swiss government announced an immediate ban Friday on all "public and private" events in the country involving more than 1,000 people as a measure to halt the spread of COVID-19. The measure will last until at least March 15, officials said. Among the events that will be affected are the annual Geneva…
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Coronavirus fear touches off a global run on face masks
Coronavirus fear touches off a global run on face masks
| February 28th | 2020  5:20AM
Coronavirus fear touches off a global run on face masks
Fear of the spreading coronavirus has led to a global run on sales of face masks despite medical experts' advice that most people who aren't sick don't need to wear them. Many businesses are sold out, while others are limiting how many a customer can buy. Amazon is policing its site, trying to make sure sellers don't gouge panicked buyers. In South Korea, hundreds lined up to buy masks from a discount store.
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Global stocks fall on virus fears after Wall Street plunge
Global stocks fall on virus fears after Wall Street plunge
| February 28th | 2020  4:43AM
Global stocks fall on virus fears after Wall Street plunge
Global stock markets plunged further Friday on spreading virus fears, deepening a global rout after Wall Street endured its biggest one-day drop in nine years. Germany's DAX skidded more than 5%, Tokyo and Shanghai closed 3.7% lower and New York markets looked set for more losses with the futures for the Dow Jones Industrial Average and…
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Asia stocks tumble on virus fears after Wall Street plunge
Government regulations news icon
| February 28th | 2020  1:22AM
Asia stocks tumble on virus fears after Wall Street plunge
Asian stock markets plunged further Friday on spreading virus fears, deepening an global rout after Wall Street endured its biggest one-day drop in nine years. Tokyo's benchmark plummeted by an unusually wide margin of 3.7% and Seoul and Sydney dropped by more than 3%. Hong Kong and Shanghai saw losses of over 2.5%. Oil prices slumped on expectations industrial activity and demand might contract.
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Stocks just 'corrected,' a regular but still scary event
Stocks just 'corrected,' a regular but still scary event
| February 28th | 2020  12:15AM
Stocks just 'corrected,' a regular but still scary event
NEW YORK (AP) — The stock market's current slide hit a big milestone Thursday after indexes got pounded for a sixth straight day. The S&P 500 has dropped more than 10% from its record high, set just over a week ago, as worries have increased that a fast-spreading new virus will slam economies and corporate profits around the world.
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Alaska officials react strongly to JPMorgan oil pullback
Environment and nature news icon
| February 27th | 2020  11:40PM
Alaska officials react strongly to JPMorgan oil pullback
ANCHORAGE, Alaska (AP) — Alaska state officials reacted with alarm this week after a second large U.S. bank said it would not support future oil and gas projects in the Arctic. The state's energy commission responded by shredding his Chase credit card after JPMorgan Chase & Co. announced a broad initiative earlier this week to combat…
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Cultural preservation among options in oil and gas plan
Chris Farthing
| February 27th | 2020  10:59PM
Cultural preservation among options in oil and gas plan
ALBUQUERQUE, N .M. (AP) — The preservation and protection of Native American cultural sites would be a priority of U.S. land managers under one of the options up for consideration as they work to amend an outdated guide for management of oil and gas drilling across a sprawling area of northwestern New Mexico. The area is home to Chaco…
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Asia stocks fall on virus fears after Wall Street plunge
Asia stocks fall on virus fears after Wall Street plunge
| February 27th | 2020  10:23PM
Asia stocks fall on virus fears after Wall Street plunge
Asian stock markets fell further Friday on spreading virus fears, deepening an global rout after Wall Street endured its biggest one-day drop in nine years. Tokyo's benchmark fell by an unusually wide margin of 3.4% and Shanghai, Hong Kong and Seoul all dropped by more than 2%. Oil prices slumped further on expectations industrial activity…
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Securities agents sue 2 SC utility execs over nuclear fraud
Kevin Marsh
| February 27th | 2020  10:22PM
Securities agents sue 2 SC utility execs over nuclear fraud
COLUMBIA, S.C. (AP) — Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officials said. The Securities and Exchange Commission sued…
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Virus anxiety triggers biggest 1-day market drop since 2011
Energy industry news icon
| February 27th | 2020  9:12PM
Virus anxiety triggers biggest 1-day market drop since 2011
Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the benchmark S&P 500 down 4.4%, its worst one-day drop since 2011. The Dow Jones Industrial Average tumbled nearly 1,200 points. The S&P 500 has now plunged 12% from the all-time high it set just a week ago.
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Regulators boost PG&E's wildfire fine to $2.1 billion
Regulators boost PG&E's wildfire fine to $2.1 billion
| February 27th | 2020  8:48PM
Regulators boost PG&E's wildfire fine to $2.1 billion
SAN FRANCISCO (AP) — California power regulators on Thursday slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the beleaguered utility in bankruptcy. The record penalty imposed in an administrative law judge's decision boosts a previously agreed upon $1.7 billion settlement announced in December.
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Investors shy away from risk as coronavirus rattles markets
Financial markets news icon
| February 27th | 2020  7:07PM
Investors shy away from risk as coronavirus rattles markets
LOS ANGELES (AP) — This week’s big sell-off on Wall Street suggests stocks have finally caught up to the bond market, where fear of an economic slowdown has been evident for months. Signs that the new coronavirus that originated in China is now spreading to other parts of the world rattled investors, intensifying worries about the damage…
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Bill to help small telecoms excise Huawei goes to Trump
Bill to help small telecoms excise Huawei goes to Trump
| February 27th | 2020  6:47PM
Bill to help small telecoms excise Huawei goes to Trump
NEW YORK (AP) — The Senate has passed a bill to provide $1 billion for small telecom providers to replace equipment made by China's Huawei and ZTE, sending the measure to President Donald Trump. The U.S. government considers the Chinese companies a security risk and has pushed its allies not to use Huawei equipment in next-generation cellular networks, known as 5G.
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Stock market rout deepens on virus worries; Dow falls 4%
Energy industry news icon
| February 27th | 2020  6:06PM
Stock market rout deepens on virus worries; Dow falls 4%
The Dow Jones Industrial Average tumbled nearly 1,200 points Thursday, deepening a weeklong worldwide rout caused by growing anxiety that the coronavirus will wreak havoc on the global economy. It was the market's worst one-day drop since 2011. The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts…
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Investors are Waiting for the Real Cronos to Stand Up
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| February 27th | 2020  1:00AM
Investors are Waiting for the Real Cronos to Stand Up
In the span of a couple of weeks, there has been good news and bad news about Cronos Group (NASDAQ:CRON). The good news came on February 11 when the company received news that suggests it may be one of the most well-positioned cannabis stocks for the long haul. The bad news came on February 26 when the company abruptly postponed the delivery of its…
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TJX Companies (TJX) Immune to Virus
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| February 27th | 2020  1:00AM
TJX Companies (TJX) Immune to Virus
Despite the coronavirus's best efforts to take down the stock market with no prisoners in recent days, TJX Companies (NYSE: TJX) had just the remedy shareholders were looking for.  The off-price department store released red hot Q4 earnings on Wednesday that crushed analyst expectations and sent the stock to all-time highs. Both the top line and…
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Best Buy's Fourth-Quarter Earnings Buoyed by Strong Holiday Sales
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| February 27th | 2020  1:00AM
Best Buy's Fourth-Quarter Earnings Buoyed by Strong Holiday Sales
There's a dichotomy between mall-focused retail and stand-alone store retail that seems to be growing with each new earnings report that emerges. While stores like Foot Locker and American Eagle falter, and perennial anchor stores from Sears (OTCMKTS: SHLDQ) to Macy's (NYSE: M) to JCPenney (NYSE: JCP) report losses and closures, stores like Home Depot (NYSE: HD), Lowe's (NYSE:LOW), and others show improvements.
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Goldman Sachs Downgrades 2020 Growth To Zero, And They're Being Generous
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| February 27th | 2020  1:00AM
Goldman Sachs Downgrades 2020 Growth To Zero, And They're Being Generous
I Can’t Say I Didn’t See That One Coming Goldman Sachs (GS) shocked the market this morning when lead-analyst David Kostin downgraded 2020 EPS growth to zero. I say shocked because the market was already spooked. The spreading coronavirus threatens to shut down the global economy in a way the trade war never could. Supply chains around…
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Staying Rational on a Big Down Day in the Market
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| February 27th | 2020  1:00AM
Staying Rational on a Big Down Day in the Market
It can certainly be stressful to see a huge down day in the stock market. Considering the fact that the S&P 500 experienced the largest two-day drop since 2015 this week, many investors are starting to wonder if the sell-off has only just begun. One of the problems with a long-term bull market is that it can lull investors into a false sense of…
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CompanyBrokerageAction
Avista Corp logo
AVA
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Williams CapitalUpgrade
to Hold
Netflix, Inc. logo
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Credit Suisse GroupSet Price Target
$440.00
LYFT Inc logo
LYFT
LYFT Inc
KeyCorpInitiated Coverage
at $55.00
Uber Technologies Inc logo
UBER
Uber Technologies Inc
KeyCorpInitiated Coverage
at $48.00
GrubHub Inc logo
GRUB
GrubHub Inc
KeyCorpInitiated Coverage
at Hold
Corelogic Inc logo
CLGX
Corelogic Inc
OppenheimerDowngrade
to Hold
FLIR Systems, Inc. logo
FLIR
FLIR Systems, Inc.
SunTrust BanksDowngrade
to Hold
Realty Income Corp logo
O
Realty Income Corp
Edward JonesUpgrade
to Buy
Facebook, Inc. logo
FB
Facebook, Inc.
Edward JonesUpgrade
to Buy
South State Corp logo
SSB
South State Corp
DA DavidsonInitiated Coverage
at Neutral
Plexus Corp. logo
PLXS
Plexus Corp.
Raymond JamesInitiated Coverage
at Market Perform
Hancock Whitney Corp logo
HWC
Hancock Whitney Corp
DA DavidsonInitiated Coverage
at Buy
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