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Hurricane Milton drives gas demand in Florida, with 16% of stations out of fuel
1728412740 from MWATCH
Hurricane Milton is one of the Atlantic Basin’s strongest storms on record and the frenzy of evacuations in Florida, where it’s expected to make landfall Wednesday evening, has led to shortages at nearly 16% of the gasoline stations in Florida, according to GasBuddy.
Microsoft’s stock heads for a ‘death cross’ — but there are bigger chart problems
1728412500 from MWATCH
A chart of Microsoft’s stock will soon flash a clearly visible bearish signal that’s been in the works for the past couple months — but there are some other, more subtle technical signs that may be even more worrisome for bulls.
Harris says ‘it’s about dignity’ as she floats plan for in-home care for seniors
1728406320 from MWATCH
Democratic presidential nominee Kamala Harris on Tuesday proposed a new government benefit, as she remains locked in a tight White House race with GOP rival Donald Trump, who also has been floating new federal aid for voters.
Here’s how economic issues could help Republicans take back the U.S. Senate
1728400440 from MWATCH
The ouster of the incumbent Democratic senator in Ohio or Montana in November’s election could set the stage for a Republican-run Senate. What are the economic issues that are threatening Sens. Sherrod Brown and Jon Tester, as they face GOP challengers Bernie Moreno and Tim Sheehy?
Oil prices up nearly 5% as Iran launches missile attack on Israel
1727803380 from MWATCH
Oil futures climbed by nearly 5% to touch session highs on Tuesday after Israel Defense Forces said Iran launched missiles toward Israel, in what is considered to be a significant escalation of tensions in the Middle East that may threaten global crude supplies from the region.
IGM Biosciences’ stock tumbles as analysts weigh in on pivot plan with dismay
1727797260 from MWATCH
IGM Biosciences Inc.’s stock tumbled 14% Tuesday, as analysts weighed in with dismay on the company’s pivot away from oncology to a focus on autoimmune diseases, with at least two opting to lower their ratings.
Spices maker McCormick benefits as Gen Z cooks more but won’t sacrifice flavor
1727796060 from MWATCH
McCormick’s stock edged higher Tuesday, after the spices and flavor company beat fiscal third-quarter profit expectations and raised its full-year outlook, as volume increased for the first time in about three years.
Disney’s slowing park attendance will weigh on the stock for the next 12 to 18 months, analysts say
1727784180 from MWATCH
Walt Disney Co.’s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months
Boeing reportedly considers issuing $10 billion in new shares as strike lingers
1727781480 from MWATCH
Boeing Co.’s stock fell 2.6% early Tuesday, after a Bloomberg report that the aerospace giant is considering raising at least $10 billion by issuing new shares, as it works to bolster cash reserves that have been depleted by a strike.
Cerebras IPO filing points to a recurring concern in AI: customer concentration
1727745180 from MWATCH
The much-anticipated IPO by Cerebras Systems — the first chip maker of the AI era to go public — also included information on the concentration of its customers, an issue investors are seeing at other AI hardware companies.
Hasbro and Mattel have most toy shipments locked in as port strike looms, analysts say
1727741640 from MWATCH
A strike along dozens of East Coast ports could cost the economy hundreds of millions of dollars a day, leaving things like cars, furniture, alcohol and pharmaceuticals stuck on ships, while potentially raising shipping costs for businesses and consumers.
AI chip startup Cerebras files for IPO, in market dominated by Nvidia
1727733000 from MWATCH
Cerebras Systems Inc., a maker of chips and other tech infrastructure for artificial intelligence, filed for an initial public offering on Monday, as more startups look to make a name for themselves in a space occupied by tech juggernauts like Nvidia Corp.
The stock market is entering the most volatile month of an election year — but the rally may be here to stay
1727728020 from MWATCH
Wall Street is about to flip its calendar to the most volatile month of a presidential election year, but the record-setting rally seen in the third quarter has investors pondering whether the big gains have staying power.
Chamber of Commerce calls on Biden to stop dockworkers strike, citing inflation fears
1727726160 from MWATCH
Big business is upping the pressure on President Joe Biden to intervene in a dockworkers strike set to begin Tuesday that could shut down ports handling more than half of all U.S. trade and potentially lead to an increase in the cost of consumer goods.