The Market In 5 Minutes: Shopify, Equifax And More
IN THE NEWS
Equifax Inc. (NYSE: EFX) has endured one of the worst months imaginable. Yet surprisingly, the stock’s share price is holding up relatively well considering the non-stop waves of negative headlines hitting the company: Link
Wall Street Journal
Large U.S. companies have for years sought to tie executive pay to financial and stock-market results, but a new study suggests their efforts aren’t working over the long term: Link
American shale drillers, which defied expectations and upended traditional oil markets by increasing production in the face of lower prices, are finally showing signs of slowing down: Link
In the middle of Whirlpool Corp (NYSE: WHR)’s bustling washer factory in northern Ohio there is an empty patch of concrete floor - a reminder of a $60 million expansion plan the appliance maker says fell victim to unfair foreign competition: Link
Alphabet Inc’s Google (NASDAQ: GOOGL) on Wednesday unveiled the second generation of its Pixel smartphone along with new voice-enabled home speakers, redoubling its commitment to the hardware business as it competes with a surge of devices from Apple Inc (NASDAQ: AAPL) and Amazon.com Inc (NASDAQ: AMZN): Link
Here’s a look at the candidates President Donald Trump is considering over the next few weeks to nominate as chairman of the Federal Reserve and where they stand on monetary policy: Link
Puerto Rico faces a government shutdown on Oct. 31, including halting its hurricane recovery, if Congress doesn’t provide billions in emergency funds, said Treasury Secretary Raul Maldonado: Link
- USA Challenger Job Cuts for Sep 32.30K vs 33.80K Prior
- US August trade deficit $42.4 billion vs $42.7 billion est.
- Initial Jobless Claims for Sep 29 260.0K vs 265.0K Est; Continuing Claims for Sep 22 1.94M vs 1.95M Est
- Data on factory orders for August will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
- Kansas City Federal Reserve Bank President Esther George will speak in Austin at 4:30 p.m. ET.
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
- Canaccord upgraded Microsoft (NASDAQ: MSFT) from Hold to Buy
- Morgan Stanley upgraded Biogen (NASDAQ: BIIB) from Equal-Weight to Overweight
- Baird upgraded UDR (NYSE: UDR) from Neutral to Outperform
- Oppenheimer downgraded Carmax (NYSE: KMX) from Outperform to Perform
- Stifel downgraded Momenta Pharmaceuticals (NASDAQ: MNTA) from Buy to Hold
- Morgan Stanley downgraded Celgene (NASDAQ: CELG) from Equal-Weight to Underweight
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