3:43 p.m. Today3:43 p.m. Dec. 5, 2016
- By Christina Rogers
Ford to raise $2.8 billion in long-term debt financing Auto giant investing in new technologiesFord Motor Co. will raise $2.8 billion in new long-term financing for its automotive business, tapping debt markets for the first time in nearly four years to fund investment in new technologies.
1:07 p.m. Today1:07 p.m. Dec. 5, 2016
- By Mark DeCambre
Oil prices log highest settlement since July 2015 WTI briefly tops $52 a barrelOil futures on Monday end at a more than one-year high, but off its highest levels of the session, as the industry continues to wrestle with the details surrounding OPEC’s historic agreement to cut production.
12:46 p.m. Today12:46 p.m. Dec. 5, 2016
- MarketWatch
Kinder Morgan sees $3.2 billion capital budgetKinder Morgan Inc. unveiled a preliminary capital-spending budget of $3.2 billion for expansion programs next year and said it would raise its dividend in 2018. The pipeline company said it expects to generate cash flow in excess of its investment needs in 2017 as projects in its $13 billion backlog continue to be placed into service, with a significant portion of the additional cash earmarked for a 2018 dividend increase.
12:39 p.m. Today12:39 p.m. Dec. 5, 2016
- By Sue Chang
Netherlands-based JBS Foods to raise about $500 million via IPONetherlands-based JBS Foods International is seeking to raise around $500 million in an initial public offering, according a Securities and Exchange Commission filing submitted on Monday. JBS, one of the world's largest food companies, reported net revenue of $33.71 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $2.06 billion in the first nine months of the year.
12:15 p.m. Today12:15 p.m. Dec. 5, 2016
- By Rachel Koning Beals
We’re about to measure the recreation economy — already bigger than autos and pharma — in a new way Outdoor Industry Association sizes its economic footprint at $646 billion, employing 6.1 million peopleThe U.S. economy could be even stronger if the contributions of snow-boarders — and fishermen and trail guides and mountain-bikers and scores more who make recreation their business — are factored into the Gross Domestic Product calculus.
12:00 p.m. Today12:00 p.m. Dec. 5, 2016
- By MarketWatch
How your 401(k) plan will change in 20172017 promises to be a year of change for retirement accounts, including more automation and regulation.
11:56 a.m. Today11:56 a.m. Dec. 5, 2016
- By Greg Robb
Fed officials warn Trump that fiscal policy must be smart No pushback on market expectations for rate hike next weekNew York Fed President William Dudley. Chicago Fed President Charles Evans and St. Louis Fed President James Bullard warned Republicans that their plans for government spending must be designed with care to boost the economy.
11:46 a.m. Today11:46 a.m. Dec. 5, 2016
- By Sue Chang
Dow closes at all-time high as Trump rally marches on Apple shares slide as Apple Watch shipments tankThe Dow Jones Industrial Average finish at a record on Monday as solid economic data offset concerns about Europe’s stability in the wake of a rejection of Italy’s vote on Sunday to reform existing constitutional rules.
11:43 a.m. Today11:43 a.m. Dec. 5, 2016
- By Joseph Adinolfi
Treasury yields end flat after Italians vote ‘no’ on referendum A large block trade was responsible for yields turning lower midday, analyst says Treasury yields finished flat on Monday, after spending most of the session in positive territory, as investors bet that Italians’ rejection of a slate of proposed constitutional reforms probably wouldn’t lead to a breakup of the eurozone.
11:38 a.m. Today11:38 a.m. Dec. 5, 2016
- By Ciara Linnane
5 things to know about hotel search platform Trivago ahead of its IPO Trivago spends more on advertising and selling than it earnsThe company, known for the tousled-haired guy from its TV ads, has an unusual business model.
11:25 a.m. Today11:25 a.m. Dec. 5, 2016
- By Francine McKenna
CFTC, in third try, proposes rules to limit speculative commodity tradesThe Commodity Futures Trading Commission on Monday voted unanimously to repropose rules that would put limits on speculative positions in twenty-five physical commodity futures contracts and their "economically equivalent" options and swaps positions. This is the third time the agency has proposed such limits. One previous iteration was overturned by a federal count. The new rules were mandated by the 2010 Dodd-Frank regulatory law. The agency also reproposed a definition of bona fide hedging positions, as well as exemptions to this definition in physical commodities. The proposal will be open for public comment for 60 days.
11:22 a.m. Today11:22 a.m. Dec. 5, 2016
- By Joseph Adinolfi
The euro has its best day against the dollar since early June Investors appear to have swiftly moved past the ‘no’ vote in Sunday’s Italian referendumThe euro had its best day against the dollar since early June on Monday as investors swiftly moved past the initial shock of a “no” vote in the Italian constitutional referendum and the resignation of the country’s prime minister.
11:08 a.m. Today11:08 a.m. Dec. 5, 2016
- By John Coumarianos
Will Donald Trump kill the REIT sector? Real estate investors should expect greater volatilityIf bond prices continue to decline, the damage could be even worse for REITs, writes John Coumarianos.
11:06 a.m. Today11:06 a.m. Dec. 5, 2016
- By Wallace Witkowski
U.S. stocks close higher as Italy concerns dismissedU.S. stocks closed higher Monday after strong economic data overshadowed concerns about Italy's rejection of constitutional reforms. The Dow Jones Industrial Average closed up 45.82 points, or 0.2%, at 19,216.24, a fresh record close, led by more than 2% gains in shares of Nike Inc. and Goldman Sachs Group Inc. , after reaching an intraday record of 19,274.85 earlier in the session. The S&P 500 index advanced 12.76 points, or 0.6%, to finish up at 2,204.71, with the financials and tech sectors the strongest performers. The Nasdaq Composite index rose 53.24 points, or 1%, to close at 5,308.89.
11:06 a.m. Today11:06 a.m. Dec. 5, 2016
- By Tomi Kilgore
Best Buy bears are betting that the market is wrong Short interest jumps to highest level in nine years as stock rallies to 6 1/2-year highBest Buy’s stock soars to a 6 1/2-year high, while short interest jumps to a nine-year high, in the weeks following fiscal third-quarter results.
10:48 a.m. Today10:48 a.m. Dec. 5, 2016
- By Timothy Puko
Natural gas prices rise to nearly 2-year highNatural-gas prices pushed a three-week rally to a new high Monday as cooler forecasts continue raising expectations for demand.
10:18 a.m. Today10:18 a.m. Dec. 5, 2016
- By Joseph Adinolfi
Italy’s ruling coalition will likely remain in power — and that’s bullish for markets, says Goldman The government would be expected to hew to a narrow bank-policy agendaWorries that Italian voter rejection of a slate of constitutional reforms could precipitate a “systemic crisis” are overblown, said a top analyst at Goldman Sachs.
10:15 a.m. Today10:15 a.m. Dec. 5, 2016
- By Sarah Krouse
BlackRock hires Buzzfeed executive to lead global marketing Giant money manager wants to attract more money from individual investors Frank Cooper, who spent the last 18 months as chief marketing officer and chief creative officer at BuzzFeed, is moving to the world’s largest money manager.
9:51 a.m. Today9:51 a.m. Dec. 5, 2016
- By Wallace Witkowski
Gold prices settle lower as rate hike looms New York Fed President Dudley sees gradual rate hikes in the cardsGold prices settle slightly lower Monday, recovering from sharper losses earlier in the session, as prospects for a rate increase later in the month by the Federal Reserve and the possibility that monetary policy might tighten at an accelerated pace in 2017 weighed on the metal.
9:46 a.m. Today9:46 a.m. Dec. 5, 2016
- By Mark DeCambre
Oil logs modest gain to extend OPEC-fueled rallyOil futures settled in the green Monday, but pared a firmer rise, as the industry continues to enjoy a bounce inspired by OPEC's historic agreement to cut production. Crude-oil futures traded in positive territory throughout much of the session after shaking off concerns about Italy's rejection of a vote on existing rules to its constitution that resulted in the resignation of Italian Prime Minister Matteo Renzi. Some energy strategists, however, expressed doubts over the ability of the Organization of the Petroleum Exporting Countries and other major oil producers to follow through on plans on complying with and enforcing limits on oil output. West Texas Intermediate crude oil ended up 11 cents, or 0.2%, higher at $51.79 a barrel, but the contract had traded as high as $52.42 a barrel early in New York.
9:39 a.m. Today9:39 a.m. Dec. 5, 2016
- By Andrea Riquier
Ben Carson, no fan of government or housing policy, draws fire as pick for HUD top spot Others say retired neurosurgeon’s experience managing complex organizations will be enoughThe retired neurosurgeon has been nominated as secretary of the Department of Housing and Urban Development despite saying previously he would not lead a federal agency.
9:32 a.m. Today9:32 a.m. Dec. 5, 2016
- MarketWatch.com
The chase for performance is on after the results in ItalyThe smart money loaded up on gold ahead of the weekend, and while they have not started to sell as of yet, there is a fair amount of movement going on now that the vote itself is done.
9:16 a.m. Today9:16 a.m. Dec. 5, 2016
- By Myra P. Saefong
Why U.S. shale producers are the biggest winner from OPEC’s oil deal ‘Oil prices are truly on course for a recovery’: analystThe oil market cheered the decision by oil producers to cut back on output, but the true winner may be the U.S. shale oil industry.
8:51 a.m. Today8:51 a.m. Dec. 5, 2016
- By Wallace Witkowski
Gold settles lower as accelerated Fed hike pace prospects riseGold prices settled lower Monday as Italian voters rejected constitutional reforms as expected and prospects that the Federal Reserve may tighten monetary policy at an accelerated pace rose. Gold for February delivery declined $1.30, or 0.1%, to settle at $1,176.50 an ounce. Meanwhile, silver for March delivery settled up 6.7 cents, or 0.4%, at $16.90 an ounce.
8:14 a.m. Today8:14 a.m. Dec. 5, 2016
- By Greg Robb
White House questions wisdom of Trump call with Taiwan Obama team reaches out to China on ‘one-China’ policyWhite House spokesman Josh Earnest on Monday questioned the wisdom of Donald Trump’s telephone call with Taiwan’s leader Tsai Ing-Wen.
7:51 a.m. Today7:51 a.m. Dec. 5, 2016
- MarketWatch.com
The time has come to take profits from the oil tradeAll bullish turns must come to an end, and we feel that the OPEC-related move in oil and oil-related stocks may finally be coming to an end.
7:46 a.m. Today7:46 a.m. Dec. 5, 2016
- By MarketWatch
20 years already? Alan Greenspan and the ‘irrational exuberance’ flop Former Fed head says he landed at that phrasing in a bathtub draft of the speechDescribing stock gains as “irrational exuberance,” Alan Greenspan tried to deflate extraordinary market levels in a speech delivered 20 years ago Monday. Market reaction wasn’t what the Fed chief expected. Other than a knee-jerk reaction, stocks continued to climb into the dot-com bust a few years later.
7:31 a.m. Today7:31 a.m. Dec. 5, 2016
- By Francine McKenna
Credit Suisse unit fined over deficiencies in its anti-money-laundering programFinra fines a New York-based unit of Credit Suisse $16.5 million for violations of anti-money-laundering rules
7:04 a.m. Today7:04 a.m. Dec. 5, 2016
- By Carla Mozee
FTSE 100 ends higher as bank stocks recover from downbeat start Shares in RBS rise after bank settles with some litigantsU.K. stocks gain ground Monday, with bank shares shaking off early losses as investors assess the fallout in Italy following a referendum defeat in the country over the weekend.
7:02 a.m. Today7:02 a.m. Dec. 5, 2016
- By Sara Sjolin
How Italy’s ‘no’ vote might be the ECB’s silver lining Italian uncertainty is pushing the ECB to deliver ‘bare minimum’ on Thursday, analyst saysThe political uncertainty in Italy and issues in its banking system are giving the central-bank doves — including President Mario Draghi — a perfect excuse to extend its quantitative-easing program, analysts say.
6:58 a.m. Today6:58 a.m. Dec. 5, 2016
- By Sara Sjolin
Italian stocks fall after voters reject Renzi in referendum But Stoxx Europe 600 rises as investors shake off the newsEuropean stocks manage to rise Monday, even as Italian bank stocks sag after Italian voters reject proposed changes to the country’s constitution. The ECB’s policy meeting is up next for investors.
6:54 a.m. Today6:54 a.m. Dec. 5, 2016
- By Tomi Kilgore
Chesapeake Energy’s stock jumps after $450 million asset sale deal Chesapeake’s stock rallied to a near 3-month high, and was the second-most actively traded on U.S. exchanges.Chesapeake Energy’s stock surged to a near 3-month high in active trade after the oil-and-gas company said it took in $450 million from more land and property sales.
6:51 a.m. Today6:51 a.m. Dec. 5, 2016
- By Shawn Langlois
Ciao, euro! Global markets gird for the next wave of global populism Critical information for the U.S. trading dayAnother wave of global populism is poised to spill all over markets this week after the Italian referendum on constitutional reform was voted down, leaving Prime Ministor Matteo Renzi to announce his resignation and casting Italy’s future in doubt.
6:37 a.m. Today6:37 a.m. Dec. 5, 2016
- By Victor Reklaitis
‘Another victory for the anti-establishment’ and other analyst takes on Italy’s vote ‘Yes, the opinion polls actually got one right’Financial markets initially were hit hard by Italian voters rejecting constitutional reform in Sunday’s referendum. Here are reactions from analysts on the “No” vote and its effect on global markets.
6:32 a.m. Today6:32 a.m. Dec. 5, 2016
- By Michael Ashbaugh
Dow extends break to uncharted territory, S&P holds the 2,190 breakout point Focus: Consumer discretionary, XLY, JBLU, LOW, SIG, IP, EXELU.S. stocks are firmly higher early Monday, rising amid a persistent crude-oil price spike and despite the defeat of Italy’s constitution-reform referendum. Against this backdrop, the S&P 500 has rallied from the 2,190 breakout point, while Dow Jones Industrial Average has extended its break to record territory.
6:26 a.m. Today6:26 a.m. Dec. 5, 2016
- By Jeffry Bartash
U.S. businesses growing at fastest pace in a year, ISM services survey finds ISM index rises to 57.2% from 54.8% in November; hiring strong The service side of the U.S. economy that employs the vast majority of Americans grew in November at the fastest pace in a year, with most companies reporting that business is steady.
6:24 a.m. Today6:24 a.m. Dec. 5, 2016
- MarketWatch.com
Trading this stock market has become easyNormally, the market gives us one twist or turn after another. But, based upon where we now sit, I think the market has provided us really wonderful parameters no matter how you personally view the market.
6:15 a.m. Today6:15 a.m. Dec. 5, 2016
- MarketWatch.com
The market in a minute: How many dominoes does it take to make this market fall?A strong jobs reports is helping markets to new highs, but between the reality of rising rates and political questions in Europe, one has to wonder what it would take to bring this market down.
5:55 a.m. Today5:55 a.m. Dec. 5, 2016
- By Sara Sjolin
The other loser in Italy’s vote — its big banks Rejection of Renzi and his plan is rattling faith in Italy’s troubled lenders, which may struggle to raise capital to stay afloatThe heat has been turned up on Italian banks after the resounding “no” referendum vote Sunday, which has stoked fears the big lenders will struggle to raise the capital they need to stay afloat.
5:39 a.m. Today5:39 a.m. Dec. 5, 2016
- MarketWatch
Etihad approves leisure airline JV with TuiLONDON--Etihad Airways, the national airline of the United Arab Emirates, said Monday it has approved a new leisure airline group with TUI AG (TUI1.XE) to be headquartered in Vienna. Under the deal, which was approved buy TUI's supervisory board on Nov. 23, TUI will hold 24.8% of the joint venture company, with Etihad holding a 25% stake.