Breaking Stock Market and Financial News

Obama hits campaign trail for first time since leaving White House

Top Reuters News - 5 hours 42 min ago
(Reuters) - Former President Barack Obama returns to the campaign trail on Thursday for the first time since he left the White House, venturing out to support Democrats in two governor's races that could offer a clue about the national mood before next year's midterm elections.

Florida police brace for protests with speech by white nationalist

Top Reuters News - 6 hours 31 min ago
GAINESVILLE, Fla. (Reuters) - Hundreds of police will be deployed at the University of Florida on Thursday as thousands are poised to protest a speech by an avowed white nationalist, an event that prompted the governor to declare a state of emergency in preparation for possible violence.

Spain to trigger direct rule of Catalonia as standoff continues

MarketWatch Market Pulse - 7 hours 34 min ago

The Spanish government will move to suspend Catalonia's autonomy on Saturday, media reports said Thursday, after the region's leaders failed to drop a push for independence. The central government will trigger Article 155 of the country's constitution, after Catalan President Carles Puigdemont missed a deadline of 10 a.m. local time to meet its demand to pullback from a breakaway. Instead, Puigdemont called once again for negotiations, saying the region's parliament could set a vote on a declaration of independence -- currently suspended, after a referendum backed the move -- if Madrid declined to talk. "Consequently, the Spanish government will continue with the steps laid out in Article 155 of the constitution to restore the legality of self-government in Catalonia," the Spanish government said in a letter. If home rule is suspended in Catalonia -- known as the "nuclear option" -- the central government would likely impose direct rule on the region, a big contributor to the country's economy.

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U.S. stock futures tumble, with eBay, Apple, other tech stocks taking a hit in premarket

MarketWatch Market Pulse - 7 hours 54 min ago

U.S. stock futures fell sharply on Thursday, led by a hefty tumble for Nasdaq-100 futures as shares of eBay Inc. slid. Dow Jones Industrial Average futures slid 115 points, or 0.5%, to 23,000, while S&P 500 futures dropped 13.10 points, or 0.5%, to 2,547.75. Nasdaq-100 futures slumped 46 points, or 0.7%, to 6,074. Shares of eBay slumped 6% in thin premarket trading -- the online auctioneer's shares took a hit late Wednesday after the company lowered its annual profit outlook. Other tech shares followed the shares lower in premarket trading, with Netflix Inc. down 1%, Apple Inc. off 1.6% and Nvidia Corp. dropping 1.1%. European shares were also taking a hit with the Stoxx Europe 600 index down 0.5%. Asia also saw heavy hits, with the Hong Kong Hang Seng Index closing down 1.8% and the Shanghai Composite Index tumbling 2.1%. Growth data released earlier in the day revealed a slowdown in China.

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Iran's Guards say missile program will accelerate despite pressure: agency

Top Reuters News - 8 hours 15 min ago
ANKARA (Reuters) - Iran's elite Islamic Revolutionary Guards said on Thursday that the country's ballistic missile program would accelerate despite pressure from the United States and European Union to suspend it, the semi-official Tasnim news agency reported.

Pakistani anti-corruption court indicts ousted PM Sharif and daughter

Top Reuters News - 8 hours 23 min ago
ISLAMABAD (Reuters) - A Pakistani anti-corruption court on Thursday indicted ousted Prime Minister Nawaz Sharif and his daughter over allegations linked to ownership of London properties, pressing charges over accusations that could see the former leader jailed.

Spain to trigger suspension of Catalan autonomy on Saturday

Top Reuters News - 8 hours 24 min ago
MADRID (Reuters) - Spain's government will trigger on Saturday the Article 155 of the constitution, which allows to suspend Catalonia's political autonomy, the Prime Minister's Office said on Thursday.

New Zealand Labour to form next government with support of small nationalist party

Top Reuters News - 8 hours 26 min ago
WELLINGTON (Reuters) - New Zealand's Labour leader Jacinda Ardern will form the country's next government after gaining the support of a small nationalist party holding the balance of power following an inconclusive Sept. 23 election.

Taliban kill at least 43 Afghan troops as they storm base: officials

Top Reuters News - 9 hours 10 min ago
KABUL (Reuters) - The Afghan Taliban stormed a military base in the south of the country killing at least 43 troops on Thursday, the Defence Ministry said, with the militants putting the toll at at least 60.

'Nowhere to hide': North Korean missiles spur anxiety in Japan fishing town

Top Reuters News - 9 hours 52 min ago
ERIMO, Japan (Reuters) - Ever since North Korea lobbed two missiles far above this windswept fishing town on Japan's northern island of Hokkaido, seaweed farmer Mitsuyo Kawamura says she's been on edge.

China suggests Xi's political ideology to be elevated in party constitution

Top Reuters News - 10 hours 55 min ago
BEIJING (Reuters) - Top Chinese officials have praised President Xi Jinping's political ideology unveiled at a key Communist Party Congress, an indication that he could cement his power with his new slogan being incorporated into the party's constitution.

Thirty years ago this week, Wall Street slid into the abyss

Top Reuters News - 11 hours 9 min ago
NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.

Senate poised for crucial vote related to tax reform measure

Top Reuters News - 11 hours 37 min ago
WASHINGTON (Reuters) - President Donald Trump's drive to overhaul the U.S. tax code headed for a pivotal moment on Thursday, with Senate Republicans poised to approve a budget measure that would help them pass tax legislation without Democratic support.

China's third-quarter economic growth slows as expected, property measures bite

Top Reuters News - 12 hours 3 min ago
BEIJING (Reuters) - China's economic growth slowed slightly in the third quarter, as expected, as the government's efforts to rein in property market and debt risks tempered activity in the world's second-largest economy.

China third-quarter GDP growth slows as expected, property measures bite

Top Reuters News - Wed, 10/18/2017 - 22:37
BEIJING (Reuters) - China's economic growth slowed slightly as expected in the third quarter as the government's efforts to rein in the property market and debt risks tempered activity in the world's second-largest economy.

Special Report: Backroom battle imperils $230 million cryptocurrency venture

Top Reuters News - Wed, 10/18/2017 - 21:56
ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parcelled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.

MongoDB prices IPO at $24, above elevated range

MarketWatch Market Pulse - Wed, 10/18/2017 - 20:09

MongoDB Inc. priced its initial public offering at $24 a share Wednesday night, $2 higher than the price range it had already inflated just the day before. The database-software company originally targeted an IPO price in a range of $18 to $20, and increased that target to $20 to $22 Tuesday. MongoDB plans to sell at least 8 million shares at the $24 price, which would raise $192 million at an initial valuation of about $1.18 billion. The company was valued at $1.6 billion in its last round of private investment, the end of about $300 million in venture investment in the startup. Underwriters, led by Morgan Stanley, Goldman Sachs and Barclays, have access to an additional 1.2 million shares that could sell and raise the total take and valuation. MongoDB is expected to begin trading under the ticker symbol MDB on the Nasdaq exchange Thursday morning.

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Exclusive: Trump selects Washington lawyer Joe Simons to head FTC - official

Top Reuters News - Wed, 10/18/2017 - 19:50
WASHINGTON (Reuters) - President Donald Trump has selected Joseph Simons, an antitrust attorney from a Washington law firm, to head the Federal Trade Commission, a White House official said on Wednesday.

White House says Trump's check to military family has been sent

Top Reuters News - Wed, 10/18/2017 - 19:27
That was the message from the White House on Wednesday after the father of a slain U.S. Army sergeant said a generous offer from President Donald Trump had not materialized.

Blue Apron cuts 6 percent of its workforce

Top Reuters News - Wed, 10/18/2017 - 18:59
(Reuters) - Blue Apron Holdings Inc said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Inc .