A pilot waves as a Boeing 777X airplane taxis during its first test flight from the company’s plant in Everett, Washington, U.S. January 25, 2020. sees the former as largely recoverable, acknowledging that the latter is a headwind vs prior expectations. Credit Suisse raised its price target on the stock and said it felt the company was finally entering a “positive news period.” “Lack of valuation support and very positive investor positioning were two reasons we stepped back on WYNN during the o

Unilever also said it will not direct any social media at kids under 13. For the content, it said creative execution marketing communications should not be designed target kids under 12. Other companies have rules around marketing food and beverages to kids. General Mills, for example, says it does not direct any marketing to children under 12 unless it meets “strict nutrition standards.” In the U.S., those standards are the ones established by the Children’s Food and Beverage Advertising Initia

Interest rates should stay where they are as the economy grows and the consumer continues to be in good shape, Philadelphia Federal Reserve President Patrick Harker said Wednesday. A voter this year on the policymaking Federal Open Market Committee, Harker endorsed a wait-and-see approach to monetary policy after a year in which the central bank cut its benchmark rate three times. “The news in general continues to be good for the consumer sector,” Harker added. “Thanks to the lowest unemployment

Ginni Rometty, Chairman, President and CEO of IBM speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. A total of 219 chief executive officers left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas. January’s record comes after 2019 marked the biggest year ever for CEO exits, totaling more than 1,600. Other notable CEO’s who left their posts in January are Sysco CEO Tom Bene and Match Group CEO M

A man wears a protective mask on February 10, 2020 in Wuhan, China. Many of these relationships are created in the environment of trade shows, conferences, information exchange platforms, and trade delegations. Major retailers, manufacturers, pharmaceuticals, biotech, automotive and other sectors are firmly planted in China with technology and personnel. Now, with the essentially closed border with China, the rest of the world waits and watches. Therefore, a wide swath of activities are upended

Carnival Cruise Lines said Wednesday the deadly Chinese coronavirus could dent earnings this year by as much as 65 cents per share if the cruise line is forced to suspend its operations in Asia. Carnival shares rose more than 2% on Wednesday despite the disclosure as investors have been anticipating a material impact to earnings because of the virus. Carnival previously suspended cruise operations from ports in China and is now cancelling cruises in other parts of Asia. Diamond Princess cruise s

1 is “easy money,” the strategist said. “You’ve got a super low inflation rate. The Fed is more fearful of low than high inflation. You’ve got a super easy Fed. 3 to stay bullish, at least on the underlying economy, is high consumer confidence, Dwyer said.

Oil jumped more than 3% on Wednesday as traders eyed deeper production cuts from OPEC, and as China reported the lowest number of new coronavirus cases since the end of January, easing concerns about a drop-off in demand for oil. In a closely-watched monthly report published Wednesday, OPEC cut its forecast for oil demand growth this year, saying the coronavirus outbreak was the primary reason. The cartel said it now expects 2020 daily oil demand growth to be 990,000 barrels per day (bpd), which

Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony. The central bank leader will address the Senate Banking Committee a day after speaking to the House Committee on Financial Services. In his Tuesday appearance, Powell pronounced the U.S. economy healthy and said the current stance of policy and interest rates is conducive to supporting growth. However, he said the Fed is continuing to monitor the coronavirus for its impact on China and the

10:31 am: How the Fed will fight the next downturn – ‘large-scale asset purchases’Powell says Fed must use forward guidance, purchases in future downturn. And low rates are not really a choice anymore: They are a fact of reality. Which is forward guidance – which says it will keep rates low – and then it’s also large-scale asset purchases of longer-term securities to drive longer-term rates down and support the economy. Shares of Shopify gained more than 9% in premarket trading after the e-comme

Shopify, which makes online tools for companies to sell products online, soared as much as 15.6% in early trading on Wednesday, hitting a new 52-week high of $786.07, after the company reported better-than-expected fourth-quarter results and gave upbeat guidance for the full year 2020. For the fourth quarter, Shopify reported earnings of 43 cents per share, exceeding consensus estimates of 24 cents per share. For the year, Shopify said it expects revenue to range from $2.13 billion to $2.16 bill

Mortgage lenders were busy last week, but mostly with current homeowners looking to take advantage of low mortgage rates. Total mortgage application volume increased 1.1% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage rates began falling about a month ago, as fears of the coronavirus hit financial markets. Mortgage rates loosely follow the yield of the 10-year Treasury. “The refinance index climbed to its highest level since J

CEO and co-founder of Facebook Mark Zuckerberg poses next to Facebook head of global policy communications and former UK deputy prime minister Nick Clegg (L) prior to a meeting with French President at the Elysee Palace in Paris, on May 10, 2019. Britain’s media regulator Ofcom has been chosen by the government to crack down on social media companies over how they deal with harmful content. In a white paper published last year, Prime Minister Boris Johnson’s administration identified content dep

Facebook’s WhatsApp now has more than 2 billion users, CEO Will Cathcart told The Wall Street Journal in an interview published Wednesday, revealing its user numbers for the first time in two years. That’s just half a billion monthly users shy of Facebook’s monthly active users. Cathcart said WhatsApp would continue to operate largely independent of Facebook and continue to defend providing its encrypted messaging service. Even as Facebook moves to make its products interoperable with WhatsApp,

— Bursztynsky8:14 am: OPEC slashes oil demand forecastOPEC has dramatically lowered its forecast for oil demand growth this year, citing China’s coronavirus outbreak as the “major factor” behind its decision. — Meredith7:55 am: Diamond Princess cruise ship cases climb to 175Another 39 people have tested positive for the coronavirus on the Diamond Princess cruise ship quarantined in Japan, with one quarantine officer also infected, bringing the total to 175, the health ministry said. About 3,700

After a humiliating fifth-place finish in the New Hampshire primary and an apparent fourth-place finish in Iowa, former Vice President Joe Biden’s presidential hopes are finished. The answer is Biden’s cachet in this election cycle has always been what people assumed his strengths would be. At a town hall campaign event, a Democratic Party voter asked told Biden she had a tough question for him. More than three decades of history was staring the Democrats pushing Biden’s campaign all along, and

Getty ImagesPracticing good hand hygiene is the best way people can protect themselves from coronavirus during a flight, a medical expert specializing in air transport told CNBC. However, he said the risk remained if passengers were close to somebody on board who was unwell during the journey. That means anyone worried about exposure should avoid touching their own face and frequently wash and dry their hands — or use alcohol-based hand sanitizer if they aren’t able to access hand washing facili

U.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday. ET, Dow futures were up 74 points and indicated an implied positive open of more than 72 points, while futures on the S&P and Nasdaq also climbed. As of Tuesday night, China’s National Health Commission had reported 97 additional deaths with total confirmed cases passing 44,000. Lyft reported more than $1 billion in quarterly revenue after the bell on Tuesday, but forec

U.S. government debt prices were lower Wednesday morning, as investors sought to assess the potential economic impact of China’s fast-spreading coronavirus. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.6282%, while the yield on the 30-year Treasury bond was also higher at around 2.0937%. The outbreak, which has infected people in over two dozen countries, was described as a “very grave threat” to the world by the director-general of the World He

(Photo by WANG Zhao / AFP) (Photo credit should readBankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold. Several auctions of assets are facing delays or re-assessments and preparations for potential Chinese initial public offerings (IPOs) are also slowing, bankers said. European and U.S. buyers are also worried about travelling to Asia,” said a Singapore-based banker. Major banks in Hong Kong and Si