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- Yahoo Finance
Stock market news: November 19, 2019
U.S. stock futures marched higher Tuesday morning, adding to gains after closing at record highs at the start of the week.
- Bloomberg
Home Depot Drops After Cutting Full-Year Outlook for Second Time
(Bloomberg) -- Home Depot Inc.’s shares dropped in early U.S. trading after the retailer giant missed third-quarter sales estimates and trimmed its annual growth outlook for the second time this year.Some online investments didn’t pan out as early as expected, and the benefits will take longer to materialize
- Bloomberg
PG&E Warns 750,000 Californians More Blackouts May be Near
(Bloomberg) -- California utility giant PG&E Corp. said it may cut the lights to more than 750,000 people across Northern California as the National Weather Service posted “red flag” warnings for high winds across the region.The bankrupt power company said Tuesday it may need to shut off service in parts
- Bloomberg
South Korea Sends Navy to Area Houthis Took Ships
(Bloomberg) -- South Korea said it had sent navy ships to a region of the Red Sea where Yemeni Houthi rebels seized two of its vessels and one from Saudi Arabia, in the latest attacks on sea lines vital to oil shipping.Each of the South Korean boats taken captive late on Sunday -- a tug and a sand dredger
- Bloomberg
U.S. Futures Advance With Stocks; Treasuries Drift: Markets Wrap
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.U.S. equity futures advanced with stocks in Europe as investors kept an eye out for fresh signs of progress in America-China trade negotiations. Treasuries were steady.Contracts on the S&P 500
- Bloomberg
Labour Attacks Tory Billionaires Before TV Showdown: U.K. Votes
(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Boris Johnson and Jeremy Corbyn are preparing for their first head-to-head election debate on Tuesday as the Labour leader seeks to reverse the prime minister’s double-digit lead in the polls.Both men tried
- The Canadian Press
Despite free-flowing kombucha, WeWork tenants feel unease
NEW YORK — The kombucha and beer on tap flow freely. The milk-and-cookie happy hours, yoga sessions and waffle Mondays continue as usual.WeWork’s stock market fiasco has yet to reverberate much for its more than 600,000 tenants, spread across a global empire of gracefully designed co-working offices.
- Bloomberg
Goldman Says Hedge Funds Stage Comeback as Long Bets Outperform
(Bloomberg) -- Hedge funds are ending the year on a high note as their top picks outperform, according to Goldman Sachs Group Inc.“Hedge fund favorites have rallied sharply so far” in the fourth quarter after struggling in the prior period, strategists including Ben Snider and David Kostin wrote in a
- Bloomberg
Japan Edges Closer to Ratifying Trump’s Phase One Trade Deal
(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.Japanese Prime Minister Shinzo Abe’s push to ratify a partial U.S. trade deal may have staved off President Donald Trump’s threat of auto tariffs
- Bloomberg
Iran Unrest Raises a Question: Is ‘Maximum Pressure’ Working?
(Bloomberg) -- Anti-government protests in Iran have left buses and banks burned, hundreds under arrest, the Internet blocked and an unconfirmed number of people dead. That raises the question of whether the Trump administration’s “maximum pressure’’ campaign is starting to deliver.The unrest was sparked
- The Canadian Press
George Weston Ltd. reports third-quarter profit up from year ago mark
TORONTO — George Weston Ltd. reported its third-quarter profit rose compared with a year ago, boosted in part by improved performance at Loblaw Companies Ltd. and its direct ownership interest in Choice Properties as a result of a reorganization last year.The Toronto-based retail, bakery and real estate
- Bloomberg
Rio Tinto’s Giant Mongolia Project Dealt Another Blow
(Bloomberg) -- Rio Tinto Group has another headache to deal with in Mongolia, as the government looks set to lose a legal challenge to its agreement with the world’s second-biggest miner.Rio is building a giant underground copper mine, known as Oyu Tolgoi, in the country. Yet the project has been beset
- Bloomberg
Lebanon's Standoff Worsens With Parliament Paralyzed by Protests
(Bloomberg) -- Lebanese protesters flocked to the capital Tuesday and forced parliament to postpone its session indefinitely after facing off with the army and anti-riot police, adding to a political storm in the country even as banks reopened after a weeklong closure.The legislature will meet at a later
- Bloomberg
Hedge Funds and Private Equity Need Full Disclosure
(Bloomberg Opinion) -- The U.S. Securities and Exchange Commission is considering letting nonaccredited investors put money into closely held investment pools such as hedge funds, private equity and venture capital.(1) This alone is reason to reconsider the issues of transparency and disclosure by these
- The Canadian Press
Home Depot cuts outlook as 3Q revenue misses forecast
Home Depot had a rocky third quarter, with revenue and a key sales figure missing analysts’ expectations.The home improvement company also cut its forecasts for full-year revenue and comparable sales.Shares dropped 5.8% before the market open on Tuesday.For the three months ended Nov. 3, Home Depot Inc
- The Canadian Press
Toyota worker’s suicide ruled work-related after harassment
TOKYO — An engineer at Toyota killed himself after being constantly ridiculed by his boss, authorities have ruled.Toyota Motor Corp. acknowledged the case after reports of the ruling emerged Tuesday. The company said it hopes to prevent further such cases and expressed condolences over the death.The
- The Canadian Press
UK leaders to square off in 1st debate of election campaign
LONDON — British Prime Minister Boris Johnson and opposition leader Jeremy Corbyn prepared to square off Tuesday in the first televised debate of this year's election campaign.The hour-long encounter offers Corbyn a chance to make up ground in opinion polls, which show his Labour Party trailing Johnson
- Bloomberg
War for Madrid Exchange to Widen as Deutsche Boerse Considers Bid
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The battle for the Madrid stock exchange could escalate into a three-way bidding war as Deutsche Boerse AG looks into whether it should enter the fray.The operator of the Frankfurt bourse is studying
- Yahoo Finance
Good luck with the stock market in 2020: Morning Brief
Top news and what to watch in the markets on Tuesday, November 19, 2019.
- Bloomberg
Germany’s Coal Exit Talks Founder on Dispute Over Compensation
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Discussions are faltering about how to shut down Germany’s coal industry as company executives and government ministers struggle to agree on the politically charged issue of how to compensate industry.Ten
- The Canadian Press
German authorities conduct money laundering raids
BERLIN — German authorities have conducted raids in five states in connection with money laundering and illegal transfers abroad.German news agency dpa reports that some 850 officers, including tax fraud investigators, raided 63 buildings across the country and in the Netherlands. Some 27 suspects aged
- The Canadian Press
Trans Mountain received $320M in government subsidies in first half 2019: report
VANCOUVER — The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by an economic institute that analyzes environmental issues.The money included $135.8 million in direct subsidies and $183.8 million in indirect
- Bloomberg
IMF’s Georgieva Says ‘Bravo’ to German Climate, Fiscal Plans
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Germany should be applauded for its fiscal stimulus and climate plans, according to International Monetary Fund Managing Director Kristalina Georgieva
- Yahoo Finance
Home Depot 3Q sales miss expectations
Home Depot missed sales expectations in the fiscal third quarter and lowered its guidance for the full year.
- Bloomberg
No, Corruption Is Not the Root of the Arab World’s Problems
(Bloomberg Opinion) -- There is little doubt that corruption is a principal motive behind the wave of protests sweeping through the Middle East and North Africa. In diverse national contexts ranging from Lebanon and Iraq to Algeria and beyond, angry demonstrators have blamed rampant and systemic corruption
