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  • 11/13/2017 16:55:02

    Can wearable tech gives sports teams the edge?

    The numbers don't lie, wearable technology tells sports coaches exactly how hard their teams are working.

  • 11/09/2017 04:31:46

    Fed's Mester says gradual interest-rate hikes remain best policy for now

    A gradual increase to interest rates is the best way to deal with inflation and keep economic growth afloat, Loretta Mester, president of the Federal Reserve Bank of Cleveland told CNBC Thursday. "Obviously we want to be responsible to changes in the economic outlook and as data comes in we are always revising the outlook," said Mester, a non-voting member of the policy panel this year. The Fed has signaled its readiness to raise interest rates again next month. The central bank has also started rolling off its $4.5 trillion balance sheet built up under its quantitative easing program, in a further effort to normalize monetary policy. Mester said it's too soon to try to factor in any impact from proposed tax policy changes to the interest-rate outlook without knowing exactly what that policy will look like, although she said she has included some fiscal stimulus in her forecasts, according to CNBC.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.

  • 11/05/2017 18:34:26

    Rand Paul suffered 5 broken ribs in alleged attack by neighbor

    Sen. Rand Paul suffered more extreme injuries that initially reported during an altercation with a neighbor Friday. The Kentucky Republican received five broken ribs and bruises to his lungs, officials said Sunday. Paul, 54, was allegedly assaulted by his next-door neighbor in Bowling Green, Kent., 59-year-old Rene Boucher. The cause of the altercation is not yet known. Boucher, an anesthesiologist, has been charged with fourth-degree assault. One of Paul's aides said Sunday he does not know when Paul might be well enough to rejoin the Senate. "This type of injury is caused by high velocity severe force," Paul strategist Doug Stafford said in a statement. "It is not clear exactly how soon he will return to work, as the pain is considerable as is the difficulty in getting around, including flying."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.

  • 10/25/2017 10:54:34

    GlaxoSmithKline stock plummets 6% after concerns about dividend risk

    GlaxoSmithKline PLC shares plummeted 6% in extremely heavy midday trade Wednesday on concerns that the company's interest in Pfizer Inc.'s over-the-counter business could put its dividend at risk. After being asked if she could give investors assurances that the potential deal would carry no dividend risk, Chief Executive Emma Walmsley did not exactly give those assurances. "We know the dividend matters to our investors. We intend and we do pay it now as a function of our free cash flow after investing in the necessary priorities to secure long-term growth for the company," Walmsley said, according to the FactSet transcript of the company's third-quarter earnings call, adding, "we confirmed our intentions to pay the dividend in 2017 of 80 pence and again in 2018 and then we will be returning to declaring the dividend quarterly and not giving a more specific outlook beyond that." When Walmsley was again pressed about the potential Pfizer deal, she said it was "too premature and hypothetical." "For us, even though we believe pricing (mostly in Respiratory) and competitive concerns (Respiratory and HIV) are largely factored into the stock at current levels, investors remain focused on the safety of the dividend," said Leerink Partners analyst Seamus Fernandez. GlaxoSmithKline shares have dropped 9.5% over the last three months, compared with a 2.9% rise in the S&P 500 .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 11:47:06

    Chesapeake Energy's stock surges toward biggest gain in over 5 1/2 months as crude prices rally

    Shares of Chesapeake Energy Corp. shot up 7.1% in active afternoon trade Wednesday, putting them on track for their best performance since March 29, as upbeat government crude production data helped propel crude price to a third-straight gain. Trading volume in the oil and gas exploration company's stock climbed to 33.6 million shares, already above the full-day average of 32.6 million shares, and enough to make the stock the New York Stock Exchange's second-most actively traded. Crude oil futures rallied 2.2%, after the U.S. Energy Information Administration said domestic crude supplies increased 5.9 million barrels in the week ended Sept. 8, well below forecasts of a rise of 10.1 million barrels. The correlation coefficient between Chesapeake's stock and continuous crude oil futures was 0.903, where 1.000 means they move exactly a like. Chesapeake's stock, which closed at a 17-month low as recently as Aug. 30, has still tumbled 24% over the past three months. In comparison, the SPDR Energy Select Sector ETF has slipped 1.9% the past three months while the S&P 500 has gained 2.3%.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.

  • 09/05/2017 08:43:07

    Disney upgraded at Wells Fargo as TV landscape transitions to direct-to-consumer streaming

    Walt Disney Co.'s plans to create two direct-to-consumer platforms puts the TV landscape on an accelerated path toward more over-the-top services where content is distributed online devoid of cable subscriptions, according to Wells Fargo Analyst Marci Ryvicker. Ryvicker upgraded Disney shares to outperform from market perform. "Investors may need to start thinking about increasing exposure to those media companies with solid streaming strategies, such as CBS , Fox and Disney, and lessen exposure to those that do not, such as Viacom and Discovery Communications ," Ryvicker wrote in a note to investors. In addition to upgrading Disney, Ryvicker downgraded Viacom Inc. shares to market perform from outperform. She said there's not as much visibility into the Viacom turnaround as previously thought. "While [Viacom CEO Bob Bakish] is doing exactly what has been promised, it no longer feels as if this is enough, especially in this changing ecosystem," Ryvicker wrote. Shares of Viacom have declined close to 22% in the year to date, while Disney shares are down nearly 2% and the S&P 500 index is up more than 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.

  • 08/31/2017 13:37:49

    Chemical plant explosion thrusts Arkema into spotlight

    Arkema is not exactly a household name but it now has a new distinction after it reported two explosions and black smoke coming from its plant in Crosby, Texas early Thursday morning, raising serious health and safety concerns.

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