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Samsung Electronics flags earnings miss as chip prices slide

reuters.com - Business News - 18 min 47 sec ago
Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.
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Entire ACA is unconstitutional, Justice Department says, agreeing with Texas court ruling

MarketWatch.com - MarketPulse - 1 hour 16 min ago

The U.S. Justice Department said in a legal filing Monday that it agrees with a Texas district court's ruling that the Affordable Care Act, also known as "Obamacare," is unconstitutional, throwing the future of the health-care law in doubt. "The Department of Justice has determined that the district court's judgment should be affirmed," the DOJ said in a filing to the 5th Circuit Court of Appeals in New Orleans. The Texas ruling last December said the law's individual mandate was unconstitutional, invalidating the entire ACA. The Justice Department had previously argued to keep the law mostly intact, but that the law's protection of pre-existing conditions needed to be struck down. The filing means the government agrees the entire law should be struck and it will not challenge the ruling in its lengthy appeal process. Health-insurance stocks turned volatile immediately following the original Texas ruling, as it brought uncertainty over future health-insurance costs. Experts said in December that the case may reach the U.S. Supreme Court in 2020.

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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Asian shares shaky as U.S. bond yields hit lowest since late 2017

reuters.com - Business News - 1 hour 22 min ago
Asian shares were shaky on Tuesday after U.S. Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a U.S. recession.
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Vale reports Brazil state authorities freeze $765 million of its assets

reuters.com - Business News - 1 hour 38 min ago
Brazilian state prosecutors and public defenders in the state of Minas Gerais have won a bid to freeze assets worth 2.95 billion reais ($765 million) belonging to Vale, which has been struggling since a lethal dam rupture at one of its mines, the company said in a filing on Monday.
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Trump foe Avenatti charged with trying to extort $20 million from Nike

reuters.com - Business News - 1 hour 53 min ago
Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged on Monday with what prosecutors said was an attempt to "shake down" Nike Inc for over $20 million.
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Samsung Electronics expects quarter one earnings to miss market forecasts

reuters.com - Business News - 1 hour 56 min ago
Samsung Electronics said on Tuesday that it expects its first quarter earnings to fall short of market expectations as declines in its memory chip prices have increased.
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Samsung Electronics expects first-quarter earnings to miss market forecasts

reuters.com - Business News - 2 hours 27 min ago
Samsung Electronics said on Tuesday that it expects its first quarter earnings to fall short of market expectations as declines in its memory chip prices have widened.
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Apple News+, at $10 a month, could deliver more content than multiple subscriptions

reuters.com - Business News - 2 hours 50 min ago
Apple Inc's Apple News+ service will offer content from 300 popular magazines and newspapers for just $10 a month. Unless you are wedded to print, it may be time to consider dumping your subscriptions.
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Trump foe Michael Avenatti sought to extort $20 million from Nike: prosecutors

reuters.com - Business News - 3 hours 6 min ago
Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged on Monday with what prosecutors said was an attempt to "shake down" Nike Inc for over $20 million.
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Ackman's fund zooms ahead as he casts himself as corporate helpmate

reuters.com - Business News - 3 hours 11 min ago
For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it.
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Fed's Rosengren suggests buying Treasury bills in next phase of balance-sheet plan

MarketWatch.com - MarketPulse - 3 hours 12 min ago

The U.S. Federal Reserve should consider buying Treasury bills in the next phase of its balance-sheet program, said Boston Fed President Eric Rosengren. In a speech to the Credit Suisse Asian Investment Conference early Tuesday morning in Hong Kong, Rosengren said that one way to stimulate the economy in a "hypothetical" recession would be to push down long-term interest rates by selling Treasury bills from the bank's balance sheet. The only problem is that the Fed holds virtually no T-bills at the moment. "Thus, increasing the share of U.S. Treasury bills and more quickly lowering the duration of securities held [by the Fed] as assets may be an important part of the normalization process," Rosengren said. The Fed has been shedding assets from its balance sheet for almost two years but announced last week that this process will end in September. At some point next year, economists think the central bank will begin buying assets again. The Fed has not agreed yet on what mix of T-bills, or Treasury notes and bonds it might buy when that process starts.

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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Pershing Square up 31.9 percent, Ackman says stable capital base to help firm

reuters.com - Business News - 4 hours 10 min ago
Hedge fund manager William Ackman said in his annual letter to shareholders that his Pershing Square Holdings fund has gained 31.9 percent since the start of 2019, the best start to the year in the firm's 15-year history.
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Trump critic Michael Avenatti arrested in $20 million Nike 'shakedown': prosecutors

reuters.com - Business News - Mon, 2019-03-25 23:53
Michael Avenatti, the lawyer who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged Monday with extortion in what prosecutors called an attempt to "shake down" Nike Inc for over $20 million.
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Boeing fix will prevent repeated activation of anti-stall system: sources

reuters.com - Business News - Mon, 2019-03-25 23:52
A Boeing Co software fix for the grounded 737 MAX will prevent repeated operation of an anti-stall system at the center of safety concerns and deactivate it altogether if two sensors disagree too much, two people familiar with pilot briefings said.
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Apple to launch a new credit card with Goldman. Are the perks worth it?

reuters.com - Business News - Mon, 2019-03-25 23:41
Apple Inc said on Monday it will launch a credit card with Goldman Sachs Group Inc this summer that can be used to earn cash back on the purchase of Apple products, but analysts suggest its rewards do not stand out among rivals.
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Ovations, hugs and soaring speeches as Apple embraces Hollywood

reuters.com - Business News - Mon, 2019-03-25 23:41
Apple Inc brought in Oprah Winfrey, Steven Spielberg, Jennifer Aniston and Jason Momoa to talk up its new television streaming service at a Hollywood-style event on Monday marked by standing ovations, hugs and soaring rhetoric.
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Newmont's special dividend wins top investors over to Goldcorp deal

reuters.com - Business News - Mon, 2019-03-25 23:18
Newmont Mining Corp won the support of at least two key investors for its $10 billion takeover of Goldcorp Inc on Monday, after offering to sweeten the deal with an 88-cent-per-share special dividend if shareholders approve the transaction.
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S&P 500 slips with Apple, lingering fears on global growth

reuters.com - Business News - Mon, 2019-03-25 23:05
The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service.
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Oklahoma top court clears way for Purdue, J&J, Teva to face opioid trial

reuters.com - Business News - Mon, 2019-03-25 22:48
Oklahoma's top court on Monday declined to delay a landmark trial set for May in a multibillion-dollar lawsuit accusing OxyContin maker Purdue Pharma LP and two other drugmakers of helping fuel an opioid abuse and overdose epidemic in the state.
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Trump critic Michael Avenatti arrested in $20 million Nike 'shake down': prosecutors

reuters.com - Business News - Mon, 2019-03-25 22:37
Michael Avenatti, the lawyer who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged Monday with extortion in what a federal prosecutor called an attempt to "shake down" Nike Inc for over $20 million.
Categories: Latest News

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