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  • 09/21/2017 11:06:00

    Tesla will discontinue cheapest Model S on Sunday

    Tesla will discontinue its cheapest Model S, the rear-wheel drive 75, on Sunday.

  • 09/20/2017 11:52:10

    John Deere recalls 25,000 lawn tractors for a 'crash hazard'

    Deere & Co. recalled about 25,000 lawn tractors, and 500 transmissions sold as parts, because the transmissions can fail, posing "a crash hazard." The company said there have been no reports of incidents or injuries. The recall involves John Deere model D105 tractors made in the U.S., sold from February 2016 through July 2017 at John Deere dealers, Home Depot and Lowe's stores nationwide for about $1,500. The service transmissions were sold by John Deere dealers from March 2016 through August 2017 for about $300. Deere's stock, which tacked on 0.7% in afternoon trade, have slipped 1.7% over the past three months, while the S&P 500 has gained 2.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/20/2017 11:49:23

    3M and Apple's stock drops exact 50-point toll on Dow

    Share declines of Apple Inc., and 3M Co., on Wednesday were weighing on the Dow Jones Industrial Average, capping gains in the benchmark. Apple Inc. shares sank 2.5% Wednesday morning after the iPhone and Apple Watch maker reportedly admitted there are issues with connectivity of the Apple Watch Series 3, its latest model. Shares of Apple were down $2.88, shaving about 20 points from the price-weighted Dow . Shares of 3M Co. were off 2%, or $4.16, slicing about 30 points. A $1 change in any of the Dow's components equates to a 6.89-point swing in the average. Overall, the Dow was trading at break-even levels at 22,374 as moves in Boeing Co.'s shares help to offset Apple and 3M's retreats. Investors were awaiting a key policy update from the Federal Reserve due at 2 p.m. Eastern time. Meanwhile, the S&P 500 index was seeing muted trade at 2,507, while the Nasdaq Composite Index headed lower by 0.3% to 6,443. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/19/2017 07:21:02

    Nike's stock selloff cuts Dow futures gain in half

    Shares of Nike Inc. slumped 1.9% in premarket trade Tuesday, after a downgrade at Susquehanna Financial, which is cutting the gains in the Dow Jones Industrial Average futures in half. Analyst Sam Poser at Susquehanna cut his rating to neutral from positive, and slashed his stock price target to $54 from $64. The stock's price decline of 99 cents ahead of the open would shave about 7 points off the Dow , while Dow futures were up 8 points. He said there is an oversupply of Nike basketball product in North America, which should pressure sales and margins, as it goes against Nike's business model of keeping supply below demand. He said a near-term lack of innovation in select categories is also hurting performance more than expected. The stock has gained 5.3% year to date, while the Dow has climbed 13%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/13/2017 17:00:20

    UPDATE 1-U.S. agency demands endorsement info from Instagram 'influencers'

    SAN FRANCISCO/WASHINGTON, Sept 13 (Reuters) - U.S. truth-in-advertising enforcers have sent letters to supermodel Naomi Campbell, actresses Lindsay Lohan and Vanessa Hudgens and other celebrities asking whether they have paid deals to endorse products on the photo-sharing app Instagram.

  • 09/13/2017 15:49:43

    U.S. wireless carriers dial back discounts on new iPhones

    Sept 13 (Reuters) - U.S. consumers who want Apple Inc's newest iPhones, including its most expensive model yet, the iPhone X, may find fewer deals as wireless carriers are less willing to offer subsidies on devices in a saturated market.

  • 09/12/2017 10:23:59

    'System safeguards' lacking in Tesla crash on autopilot: NTSB

    WASHINGTON (Reuters) - The chairman of the U.S. National Transportation Safety Board (NTSB) said on Tuesday "operational limitations" in the Tesla Model S played a "major role" in a May 2016 crash that killed a driver using the vehicle's semi-autonomous "Autopilot" system.

  • 09/12/2017 09:52:06

    Operational limits played key role in Tesla crash on autopilot: NTSB

    WASHINGTON (Reuters) - The chairman of the U.S. National Transportation Safety Board (NTSB) said on Tuesday "operational limitations" in the Tesla Model S played a "major role" in a May 2016 crash that killed a driver using the vehicle's semi-autonomous "Autopilot" system.

  • 09/12/2017 09:51:06

    UPDATE 2-Operational limits played key role in Tesla crash on autopilot-NTSB

    WASHINGTON, Sept 12 (Reuters) - The chairman of the U.S. National Transportation Safety Board (NTSB) said on Tuesday "operational limitations" in the Tesla Model S played a "major role" in a May 2016 crash that killed a driver using the vehicle's semi-autonomous "Autopilot" system.

  • 09/11/2017 15:35:41

    UPDATE 1-U.S. agency expected to find Tesla's Autopilot contributed to crash

    WASHINGTON, Sept 11 (Reuters) - The National Transportation Safety Board is expected to find on Tuesday that Tesla Inc's Autopilot system was a contributing factor in a May 2016 Model S crash that killed a man in Florida while using the car's semi-autonomous driving system, two people briefed on the matter said.

  • 09/11/2017 14:39:28

    NTSB to say Tesla's Autopilot partly to blame in fatal crash: Report

    Federal investigators are poised to recommend that Tesla Inc.'s Autopilot, the car maker's suite of advanced driver-assistance systems, be declared a contributing factor in a fatal crash in May 2016, according to a Bloomberg report that cited a person briefed on the findings. The system allowed the driver of a Model S that drove itself into the side of a truck to go for long periods without steering or looking at the road, the report said. According to Bloomberg, the National Transportation Safety Board is meeting on Tuesday to issue final findings on the crash, and its conclusions could be revised. Tesla in June was found not at fault in the accident. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 14:07:38

    S&P 500 logs 31st closing record of 2017 as stock market bounces in 'relief rally'

    U.S. stocks on Monday kicked off the first full week of trading in September with a bang, underlined by the S&P 500 ending at a record, as a raft of meteorological and geopolitical jitters gave way to a re-emergence of appetite for assets perceived as risky. The S&P 500 index closed up 1.1% at 2,488, marking its first record close since Aug. 7, buoyed by gains in the technology and financials sectors. Financials, as gauged by the PowerShares KBW Bank Portfolio and the Financial Select Sector SPDR ETF booked their best daily rises since June 9, according to FactSet data. Bank stocks benefited from a resurgence in benchmark Treasury yields, with the 10-year Treasury note rising to 2.13%, compared with 2.05% late Friday. Higher yields support a banks's business models. The Dow Jones Industrial Average , meanwhile, jumped about 260 points, retaking is perch above 22,000, while the Nasdaq Composite Index closed up 1.1%. The technology sector has often been viewed as a gauge of Wall Street's tolerance for risk, seeing heavy bidding when investors feel bullish on the market. Monday's bounce was attributed to Hurricane Irma hitting Florida with less force than feared and North Korea refraining from conducting another missile test in the Korean Peninsula, factors that last week had helped push stocks and bonds mostly lower. The relatively milder impact of Hurricane Irma helped insurers, bracing for bigger liabilities from the storm, rally, highlighted by a 3.1% advance in the PowerShares KBW Property & Casualty Insurance Portfolio , a popular exchange-traded fund used to invest in the in the sector. Art Cashin, UBS's director of floor operations, on CNBC described Monday trading as a two-pronged "sigh of relief rally." In corporate news, shares of Apple Inc. bounced 1.8% ahead of what is expected to be the debut of a fresh lineup of iPhones and other products from the Cupertino, Calif.-based tech giant. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 14:01:26

    Oracle shares close at record high ahead of Thursday earnings

    Investors drove shares of Oracle Corp. to a record close of $52.48 Monday, ahead of the company's first-quarter earnings for fiscal 2018. Shares briefly touched a record intraday high of $52.61 before settling slightly lower at the bell. Oracle is set to report results Thursday at the close, and has beaten Wall Street expectations for the last three quarters. Analysts are modeling sales of $9.02 billion on adjusted earnings of 47 cents a share, according to FactSet. The enterprise software company's stock has tripled the gains made this year S&P 500 index , and is up 36% compared with the S&P's 11.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 09:43:20

    Family of Tesla driver killed in 'Autopilot' crash does not blame car

    The family of the driver of a Tesla Model S who was killed in a May 2016 crash while using the car's semi-autonomous driving system said on Monday the car was not to blame for the crash.

  • 09/11/2017 08:29:26

    Goldman, Apple stocks contribute 50 of Dow's 200-point rally

    The Dow Jones Industrial Average was trading firmly higher on Monday, aided by a pop in shares of Apple Inc., and Goldman Sachs Group. Shares of Goldman , up $4.04., or 1.8%, were contributing about 27 points to the price-weighted Dow . Apple Inc.'s shares added about 22 points, ahead of the Cupertino, Calif.-based tech giant's latest iPhone on Tuesday. Goldman's shares may be tied to a rise in yields, with the 10-year benchmark Treasury note at 2.11% from 2.05% late Friday in New York. Higher yields are bullish for banks' lending models. A $1 move in any Dow component equates to a 6.89-point swing in the Dow. Overall , the market was enjoying a broad-based rally power by the financial sector and technology shares , both leading gains for the S&P 500 index . Most recently, the Dow was up 210 points, or 1%, at 22,008, the S&P 500 was 0.8% higher, while the Nasdaq Composite Index was looking at a gain of 1.2% at 6,433. The rally came in part as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, reviving investor appetite. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:21:43

    Ford's Lincoln brand plans electrified versions of all models by 2022 -sources

    Ford Motor Co's(F) premium Lincoln brand plans to offer hybrid gasoline-electric versions of all its U.S. models by 2022, according to three sources familiar with the plans. Details could be announced as early as Oct. 3, when Ford Chief Executive Officer Jim Hackett plans to update investors on the automaker's strategy.

  • 09/07/2017 14:02:45

    Popular financial ETF ends below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday closed below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.7% to 23.88 on Thursday, closing below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an trading averages is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note declined to around 2.05% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market edged lower, with the Dow Jones Industrial Average down 0.1% at 21,786, the S&P 500 index finished flat at 2,465, while the Nasdaq Composite Index also was little changed at 6,397.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 12:51:13

    Disney, Goldman stocks cut nearly 60 points from Dow industrials

    The Dow Jones Industrial Average was trading in negative territory Thursday afternoon, with shares of Walt Disney Co., and Goldman Sachs Group Inc., proving the biggest drags on the benchmark. Shares of Disney were down $5.13, or 5%, by far the worst performer among the Dow's 30 components and slicing more than 35 points from the price-weighted gauge. A $1 swing in any Dow component equates to a move of 6.89 points. The Dow was off 47 points, or 0.2% at 21,759, while the S&P 500 index was down 0.1% at 2,463, and the Nasdaq Composite Index was up about 0.1% at 6,396. During a Bank of America Merrill Lynch's Media, Communications & Entertainment Conference, Disney CEO Bob Iger said the entertainment and media giant will report annual earnings "roughly in line" with what the company generated in fiscal year 2016 at about $5.72, disappointing analysts average, annual estimates for full-year earnings a share of $5.89. Other media stocks also fell on the news, including CBS and 21st Century Fox . Meanwhile, Goldman Sachs Group Inc.'s shares also pressured the Dow as benchmark yields trade near fresh November lows, at 2.06%, for the 10-year Treasury note . That fact and diminished expectations for more rate increases by the Federal Reserve in 2017 weighs on a bank's business model. Combined, Goldman and Disney's stock were dragging the Dow down by about 60 points. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 11:28:00

    Popular financial ETF trades below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday afternoon was trading below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.9% to 23.83 on Thursday, trading below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an average is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note fell to around 2.06% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market was tipping lower, with the Dow Jones Industrial Average down 0.2% at 21,768, the S&P 500 index trading 0.1% lower at 2,463, while the Nasdaq Composite Index was flat at 6,395. U.S. equities had opened slightly higher on the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 08:52:28

    Popular financial ETF falls below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday morning dipped below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.6% to 23.92 on Thursday, trading below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an average is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note fell to around 2.05% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market was tipping lower, with the Dow Jones Industrial Average down 0.2% at 21,770, the S&P 500 index trading 0.2% lower at 2,461, while the Nasdaq Composite Index was retreating by 0.1% at 6,385. U.S. equities had opened slightly higher on the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 02:27:16

    New Jaguar models to be electric in 2020

    All new Jaguar Land Rover vehicle lines launched from 2020 will be electric or hybrid, the firm says.

  • 09/06/2017 12:56:06

    UPDATE 2-United orders more Airbus A350s but drops largest model

    PARIS, Sept 6 (Reuters) - United Airlines has ordered 10 extra Airbus A350 jetliners, while ditching the largest model, the A350-1000, in favour of the smaller and more popular A350-900 and delaying deliveries to save cash, the companies said on Wednesday.

  • 09/05/2017 20:27:29

    Nissan launches longer-range electric vehicle

    The Japanese firm has revealed its latest model to challenge rivals in the electric car market.

  • 09/05/2017 17:23:23

    Hurricane Irma could test Florida's private flood insurance market

    (Reuters) - Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas.

  • 09/04/2017 14:40:10

    So You Want To Buy An Electric Car? It Requires Some Planning

    With new models aimed at the mass market going on sale this fall, Americans will hear a lot more about electric cars. Here's what you should know if you're on the market for one.

  • 08/30/2017 11:41:26

    Goldman's stock delivers 30-point boost to Dow industrials

    The Dow Jones Industrial Average gained some upward thrust Wednesday afternoon, with blue chips scoring a boost from Goldman Sachs. Shares of Goldman Sachs Group Inc. , the world's most prominent investment bank, were up about $4.04, or 1.8%, contributing nearly 30 points to the price-weighted gauge. Each $1 move in the benchmark translates to a 6.84-point swing. Broadly speaking, financials, including Goldman, were benefiting from better-than-expected economic reports, including private-sector job growth at 237,000 in August, well above estimates for 185,000 and an update on U.S. economic growth showing U.S. GDP grew at a 3% pace in the second quarter. Those upbeat reports may support another rate hike for the Federal Reserve before the end of the year, market participants are betting. Higher rates tends to be a boon to a bank's lending models. Shares of J.P. Morgan Chase & Co. were tilting higher, up 0.8%, while a broad gauge of the financial sector, the Financial Select Sector SPDR ETF were the best performer among the S&P 500's 11 sectors early Wednesday. More broadly, the S&P 500 index was up 0.5%, while the Nasdaq Composite Index was trading 1% higher on the day. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/30/2017 10:26:14

    Harley sales recovery far off as young buyers turn to used bikes

    Harley-Davidson(HOG) enthusiast Jo Verrette, 65, finally sold her 2006 model Harley Deluxe this year for $6,500, a third of what she bought it for, after listing it on Craigslist on and off for two years. Verrette sold the motorcycle to a 36-year old man.

  • 08/30/2017 10:13:54

    Vera Bradley stock reverses gains to fall 9% as company unveils management changes

    Vera Bradley Inc. shares reversed early gains Wednesday to trade sharply lower, after the company announced some executive changes on its earnings call. The company said Beatrice Mac Cabe has been named its chief creative officer, while founder Barbara Bradley Baekgaard will take a smaller role to give her time to pursue other projects outside the company. Theresa Palermo, executive vice president for marketing, is leaving and will be replaced by Stephanie Scheele as interim chief marketing officer. Shares fell about 9%, after earlier gaining about 8% premarket when the company posted better-than-expected earnings. On the call, executives gave further detail on its Vision 2020 plan, which will move it to a less clearance driven business model and cut sales and marketing costs. Shares have fallen 22% in 2017, while the S&P 500 has gained 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/30/2017 09:07:13

    Goldman Sachs stock delivers a roughly 20-point boost to Dow industrials

    The Dow Jones Industrial Average was trading slightly higher early Wednesday, with blue chips scoring a boost from Goldman Sachs. Shares of Goldman Sachs Group Inc. , the world's most prominent investment bank, were up about $2.83, or 1.3%, contributing about 20 points to the price-weighted gauge. Each $1 move in the benchmark translates to a 6.84-point swing. Broadly speaking, financials, including Goldman, were benefiting from better-than-expected economic reports, including private-sector job growth at 237,000 in August, well above estimates for 185,000 and an update on U.S. economic growth showing U.S. GDP grew at a 3% pace in the second quarter. Those upbeat reports may support another rate hike for the Federal Reserve before the end of the year, market participants are betting. Higher rates tends to be a boon to a bank's lending models. Shares of J.P. Morgan Chase & Co. also were tilting higher, up 0.5%, while a broad gauge of the financial sector, the Financial Select Sector SPDR ETF were the best performer among the S&P 500's 11 sectors early Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/24/2017 14:26:01

    VMware shares jump after hours on second-quarter earnings beat

    VMware Inc. shares jumped in the extended session Thursday after the company's second-quarter earnings beat Wall Street expectations. VMware shares rose 1.3% to $102.11 after hours. The virtualization company's net income rose to $334 million, or 81 cents a share, compared to $265 million, or 62 cents a share, in the year-ago period. Adjusted earnings were $1.19 a share. Revenue increased 12% to $1.9 billion from $1.69 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.15 a share on revenue of $1.88 billion. Analysts model third-quarter adjusted earnings of $1.28 a share on sales of $$1.93 billion. VMware stock has gained 38.4% year-to-date, while the S&P 500 index has gained 8.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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