• Rising oil prices are both good and bad for the US economy
    Yahoo Finance

    Rising oil prices are both good and bad for the US economy

    More money consumers have to spend fill up their cars means "less to spend for items at the mall," says one economist.

  • GM stops paying for health insurance for striking union workers; talks continue
    Reuters

    GM stops paying for health insurance for striking union workers; talks continue

    General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000 hourly workers had hit an impasse. This year's talks between the union and GM, Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) were expected to be tough, with thorny issues such as healthcare costs, profit-sharing and the use of temporary workers on the table.

  • Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know

    Lockheed Martin (LMT) closed the most recent trading day at $393.98, moving +0.34% from the previous trading session.

  • Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know

    Advanced Micro Devices (AMD) closed at $30.99 in the latest trading session, marking a +0.52% move from the prior day.

  • Adobe Projects Slower Sales Growth for Marketing Products
    Bloomberg

    Adobe Projects Slower Sales Growth for Marketing Products

    (Bloomberg) -- Adobe Inc. gave a revenue forecast for the current period that fell short of Wall Street estimates, signaling slower sales growth for its newer marketing products.Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said Tuesday in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg.Chief Executive Officer Shantanu Narayen has made several acquisitions in the past two years for marketing and e-commerce products to boost revenue, which has climbed at least 20% each quarter since 2015. While the company has put more emphasis on corporate applications to compete with rivals Salesforce.com Inc. and Oracle Corp., it also recently unveiled new augmented reality and 3D-imaging technology to maintain its advantage as the leader in creative software such as its flagship product, Photoshop.Sales from Adobe’s experience cloud division, which includes marketing, analytics and e-commerce tools, are projected to increase 23% in the current period after climbing 34% in the fiscal third quarter. Executives said products gained from its 2018 acquisition of Marketo aren’t growing as fast as anticipated. Adobe plans to invest more money to boost sales in the unit, according to prepared remarks from Chief Financial Officer John Murphy.Murphy said Adobe also has had challenges generating bookings for its Analytics Cloud, which sits atop a new Experience Platform meant to connect clients’ data. The company believes the ongoing global introduction of the software platform will lift revenue, he said.Adobe’s shares declined about 3% in extended trading after closing at $284.69 in New York. The stock has climbed 26% this year after a 29% gain in 2018.Profit, excluding some items, will be $2.25 per share in current quarter, the company said. Analysts estimated $2.30 a share.In the period ended Aug. 30, sales jumped 24% to $2.83 billion from a year earlier. Adjusted profit was $2.05 a share. Analysts projected profit of $1.97 a share on revenue of $2.82 billion.Sales in the creative cloud division, which includes Photoshop, jumped 22% to $1.96 billion in the quarter and are projected to increase 20% in the current period.(Updates with additional details on experience cloud’s slower growth in fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The GM Strike Presents a Prime Buying Opportunity
    Market Realist

    The GM Strike Presents a Prime Buying Opportunity

    The news is all over the financial front pages: General Motors (GM) is facing its first large-scale strike since 2007, and shareholders aren’t too pleased.

  • UPDATE 2-GM stops paying for health insurance for striking union workers; talks continue
    Reuters

    UPDATE 2-GM stops paying for health insurance for striking union workers; talks continue

    General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000 hourly workers had hit an impasse. This year's talks between the union and GM, Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) were expected to be tough, with thorny issues such as healthcare costs, profit-sharing and the use of temporary workers on the table.

  • Did You Miss Sempra Energy's (NYSE:SRE) 34% Share Price Gain?
    Simply Wall St.

    Did You Miss Sempra Energy's (NYSE:SRE) 34% Share Price Gain?

    The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...

  • Tesla Gigafactory 3: A Step Closer to Model 3 Production
    Market Realist

    Tesla Gigafactory 3: A Step Closer to Model 3 Production

    Tesla (TSLA) is one step closer to producing China-made Tesla Model 3s through its China Gigafactory, also known as its Gigafactory 3.

  • DTE Energy Invites Bids for Renewable Projects in Michigan
    Zacks

    DTE Energy Invites Bids for Renewable Projects in Michigan

    DTE Energy (DTE) issues Requests for Proposals, targeting renewable projects that are expected to start commercial operation between 2021 and 2023.

  • Oracle at OpenWorld: Autonomous Database & Cloud in Focus
    Zacks

    Oracle at OpenWorld: Autonomous Database & Cloud in Focus

    Oracle (ORCL) is strategically expanding Autonomous Database portfolio and enhancing functionalities of cloud-based applications, which is encouraging adoption.

  • Broadcom CEO: Q3 Views on the Semiconductor Industry
    Market Realist

    Broadcom CEO: Q3 Views on the Semiconductor Industry

    During its Q3 earnings statement, Broadcom CEO Hock Tan said semiconductor demand has “bottomed out" in the "current uncertain environment."

  • Oracle on a Partnership Spree With VMwae, Intel & Deloitte
    Zacks

    Oracle on a Partnership Spree With VMwae, Intel & Deloitte

    Oracle's (ORCL) partnerships with the likes of Accenture and Microsoft are expected to aid the company in expanding cloud-base clientele.

  • Company News For Sep 17, 2019
    Zacks

    Company News For Sep 17, 2019

    Companies in the news are: ALDR, GM, NEWR, SEMG

  • Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?
    Zacks

    Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?

    Is (PGR) Outperforming Other Finance Stocks This Year?

  • Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher
    Zacks

    Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher

    Occidental Petroleum (OXY) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • Zacks

    Why General Motors (GM) Could Be a Top Value Stock Pick

    General Motors (GM) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

  • Should Value Investors Buy Progressive (PGR) Stock?
    Zacks

    Should Value Investors Buy Progressive (PGR) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • 3 Reasons Growth Investors Will Love Progressive (PGR)
    Zacks

    3 Reasons Growth Investors Will Love Progressive (PGR)

    Progressive (PGR) possesses solid growth attributes, which could help it handily outperform the market.

  • SAIC Wins $85M Deal to Offer IT Support Services to Anaheim
    Zacks

    SAIC Wins $85M Deal to Offer IT Support Services to Anaheim

    Science Applications' (SAIC) advanced delivery model will provide IT services to Anaheim's infrastructure, applications and workplace solutions, ensuring maximum cost-efficiencies.

  • IBM CEO Ginni Rometty Says IBM Was Built on Diversity and Inclusion
    Bloomberg

    IBM CEO Ginni Rometty Says IBM Was Built on Diversity and Inclusion

    Sep.17 -- Ginni Rometty, International Business Machines Corp. chair, president and chief executive officer, discusses the importance of diversity and inclusion in the workplace. She speaks with Bloomberg's Caroline Hyde on "Bloomberg Markets: The Close."