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STOCKS FALL AS TRADERS AWAIT FED DECISION

Boeing shares weigh on Dow after aircraft-maker reports a record annual loss

Snowflake CEO on first earnings report, data cloud outlook

Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman speak with Snowflake CEO Frank Slootman about the company’s first earnings report since its IPO, and future outlook.

Latest Stories

  • 4Q GDP preview: Economic activity likely slowed, losing momentum in early 2021

    The U.S. economy likely expanded in the final three months of 2020, albeit with slowing growth as the pandemic tore across the country at an alarming clip at the end of the year.

  • Don’t count on Biden hiking the minimum wage

    Even with a majority in both houses of Congress, Democrats may lack the power to help workers with a higher minimum wage.

  • Insights on the Rheology Modifiers Global Market to 2027 - Featuring Akzo Nobel, Arkema Group and Ashland Among Others - ResearchAndMarkets.com

    The "Rheology Modifiers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

  • Celebrate the launch of sports betting in Virginia with this offer from BetMGM

    BetMGM is offering a special promotion to celebrate the launch of sports betting in Virginia.

  • US issues domestic terrorism alert early in Biden's term

    WASHINGTON — The Department of Homeland Security issued a national terrorism bulletin Wednesday warning of the potential for lingering violence from people motivated by anti-government sentiment after President Joe Biden's election. The department did not cite a specific threat, but pointed to “a heightened threat environment across the United States” that it believes “will persist” in the weeks since Biden took office. DHS said it consulted with law enforcement and intelligence agencies before issuing the alert about the potential for homegrown violent extremism. "Information suggests that some ideologically-motivated violent extremists with objections to the exercise of governmental authority and the presidential transition, as well as other perceived grievances fueled by false narratives, could continue to mobilize to incite or commit violence,'' the bulletin said. With the warning, the Biden administration is effectively stepping into the politically charged debate over how to describe or characterize acts motivated by political ideology, suggesting that it sees violence aimed at overturning the election as akin to terrorism. The alert comes at a tense time after the Jan. 6 riot at the Capitol by supporters of then-President Donald Trump who were seeking to overturn the presidential election. DHS also notes violent riots in “recent days,” an apparent reference to events in Portland, Oregon, linked to anarchist groups. The alert was issued by acting Homeland Security Secretary David Pekoske. Biden’s nominee for the Cabinet post, Alejandro Mayorkas, has not been confirmed by the Senate. Ben Fox And Eric Tucker, The Associated Press

  • TD Ameritrade Curbs GameStop Trades as Frenzy Snags Brokers

    (Bloomberg) -- Wednesday’s retail trading crush sent online brokerages reeling, with several sites reporting disruptions and glitches and one even limiting trades of hot stocks.Charles Schwab Corp. was among those hit by service disruptions as traders were transfixed by wild swings in shares of heavily shorted stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. Robinhood Markets, Morgan Stanley’s E*Trade and Fidelity were also affected, according to Downdetector.com, which tracks user complaints.Schwab’s TD Ameritrade took the rare step of limiting some transactions on shares of GameStop, AMC and others. The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.“We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors,” TD Ameritrade spokeswoman Margaret Farrell said in an email.Robinhood said it managed to resolve problems with its web app, while Schwab said some clients were struggling with online trading because of a technical issue.Read more: GameStop Rally Hits New Extremes as Short Sellers SurrenderSchwab clients were experiencing trouble amid “heightened trading across the market,” spokeswoman Mayura Hooper said in an email.Spokeswomen for Schwab and Fidelity said the companies had resolved the issues with their platforms. E*Trade declined to comment.(Updates with Schwab resolving issues in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Emotet botnet taken down by international police swoop

    Police from the UK, EU, and North America take down a notorious cyber-crime web.

  • Canada scrambling for smaller syringes ahead of expected Pfizer vaccine label change

    OTTAWA — Canada's procurement department is scrambling to source smaller syringes for Pfizer-BioNTech COVID-19 vaccine, anticipating that Health Canada will agree to change the label to say each vial of the precious substance contains six doses instead of five. Pfizer formally requested the change Jan. 22, and Health Canada's regulatory team that approved the vaccine for use Dec. 9 is now considering the new material. If the label is amended, Pfizer will ship fewer vials to Canada overall because Canada's contract with the vaccine-maker is based on 40 million doses, not vials. That sixth dose was a surprise find by medical professionals who found using special syringes could extract the extra dose. But those syringes are not common and have become the latest COVID-19 hot commodity after both Europe and the United States agreed to the label change earlier this month. A spokeswoman for Procurement Minister Anita Anand says more than 87 million of the smaller syringes have been ordered but can't say how many have been delivered or when the rest will arrive. This report by The Canadian Press was first published Jan. 27, 2021. Mia Rabson, The Canadian Press

  • Enviva Partners, LP Announces Twenty-Second Consecutive Distribution Increase

    Enviva Partners, LP (NYSE: EVA) (the "Partnership") announced today that the board of directors of its general partner declared a quarterly distribution of $0.78 per common unit for the fourth quarter of 2020. This distribution is the Partnership’s twenty-second consecutive distribution increase since its initial public offering, representing a 15.6 percent increase from the fourth quarter of 2019. The quarterly distribution will be paid on Friday, February 26, 2021 to unitholders of record as of the close of business on Monday, February 15, 2021.

  • Private sector body unveils multi-billion ambitions for carbon offsets

    A private sector task force on Wednesday unveiled plans to turn the small voluntary carbon offset market into a global standard that could direct billions of dollars from companies aiming to meet net zero targets into projects to cut emissions. Multinational companies, such as e-commerce giant Amazon and oil majors Royal Dutch Shell and BP have set net zero emission goals but will need to buy or generate carbon credits to offset the emissions they cannot cut from their operations. “The question for us is how do we get the cash out of the hands of those companies that are making net zero commitments... into the hands of people that can actually reduce or remove carbon from the environment,” Bill Winters CEO of Standard Chartered and chair of the Taskforce on Scaling Voluntary Carbon Markets told Reuters.

  • Indeed Offers Hope to Job Seekers with Company’s First Super Bowl Spot

    Indeed, the world’s number one job site, announced today that it will be airing its first-ever Super Bowl ad, which will highlight the emotional journey of job seekers at a time when many people are facing economic distress. As millions of Americans have lost jobs, this spot looks to provide hope by showcasing real people looking for a job and their challenges and triumphs along the way. The ad will air during the first quarter of Super Bowl LV.

  • PhosAgro sponsors and participates in the Rally da Safra in Brazil

    PhosAgro sponsors and participates in Rally da Safra in Brazil. As part of the event, which will be held from January 24 to June 5, 26 crews of agronomists, agricultural market specialists and fertilizer experts will drive various routes around the country, visiting key soybean and corn production plants along their way.

  • OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 14%

    OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 14.3%, to $0.08 per common share, from $0.07 per share, for the quarter ending March 31, 2021. The dividend is payable April 15, 2021, to holders of record at March 31, 2021, with an ex-dividend date of March 30, 2021.

  • Cubic Corporation Publishes Inaugural 2020 Corporate Responsibility Report

    Cubic Corporation (NYSE:CUB) today announced it has published its inaugural 2020 Corporate Responsibility Report, highlighting the company’s environmental, social and governance (ESG) practices and achievements.

  • 8 New Star-Studded Netflix Movies To Watch

    Netflix has released many celebrity-filled films lately.

  • PAOG To Distribute CBD Nutraceuticals Through USMJ Ecommerce Site

    Sandusky, Ohio--(Newsfile Corp. - January 27, 2021) - PAO Group, Inc. (OTC Pink: PAOG) today announced moving forward with its initiative to produce cannabis nutraceuticals. PAOG added that the nutraceuticals, in addition to other distribution channels, will be available through the North American Cannabis, Inc. (OTC Pink: USMJ) ecommerce site www.usjm.com.USMJ LogoTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6729/72979_3eaf6fa9f432ca40_001full.jpgPAOG recently engaged with the Puerto Rico Consortium for Clinical Investigation (PRCCI) to assist ...

  • Gamestop: 'Failing' firm soars in value as amateurs buy stock

    Shares in a games company have soared more than 300% - the result of a fight between private and professional investors.

  • Florida topped global list of global shark attacks in 2020

    58 per cent of worldwide unprovoked incidents occurred in US waters

  • Bill And Melinda Gates Warn Of 'Immunity Inequality' As COVID-19 Vaccines Roll Out

    The philanthropists, who have donated $1.75 billion to coronavirus research, argued that global health needs to be a top priority.

  • U.S. Stocks Drop Most in Three Weeks; Dollar Jumps: Markets Wrap

    (Bloomberg) -- U.S. equities dropped alongside European stocks as a risk-off mood descended on markets. The dollar jumped and Treasury yields fell.The S&P 500 Index headed to its biggest decline in three weeks, though it trimmed the worst of its losses amid speculation Federal Reserve policy makers will make dovish comments in a press conference this afternoon. Turmoil continued in pockets of the market where retail traders are becoming a dominant force, with shares of Gamestop Corp. and AMC Entertainment Holdings Inc. soaring as investment pros questioned whether there’s any rationale behind the moves.The Stoxx Europe 600 Index declined the most in five weeks as the European Union and AstraZeneca Plc disagreed over vaccine delivery delays. The euro fell after a European Central Bank official said the markets are underestimating the odds of a rate cut. Officials in the U.K. announced new rules to try to curb the spread of Covid-19 and Germany cut its 2021 economic growth forecast to 3% from 4.4%.An extended run higher for stocks has reversed this week as investors look to a spate of earnings releases for clues about the health of the corporate world and global economy. Meanwhile, attention Wednesday will be focused on the Federal Reserve policy meeting and the possibility of guidance about the future of its asset purchase program.The stock selloff is being driven partly by speculation that hedge funds will be forced to reduce their equity holdings as retail investors make a concerted effort to boost shares the professional investors have bet against, according to Matt Maley, chief market strategist at Miller Tabak + Co.“A lot of them are getting burned by their shorts, and I think the market is worried that they’ll have to sell some stocks to meet their margin calls,” he said.Elsewhere, Bitcoin fell to about $30,000 and precious metals slumped. Asian stocks fell for a second day as investors took a breather following the regional benchmark’s ascent to a record high Monday. In the region, benchmarks in India, Vietnam and the Philippines were among the biggest losers.These are some key events coming up in the week ahead:Apple Inc., Tesla Inc., Facebook Inc. and Samsung Electronics Co. are among companies reporting results.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksThe S&P 500 Index fell 1.4% as of 12:54 p.m. New York time.The Stoxx Europe 600 Index declined 1.2%.The MSCI Asia Pacific Index fell 0.6%.The MSCI Emerging Market Index dipped 1%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.5%.The euro fell 0.4% to $1.2116.The British pound weakened 0.2% to $1.3708.The Japanese yen fell 0.4% to 104.08 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 1.01%.Germany’s 10-year yield fell one basis point to -0.55%.Britain’s 10-year yield was little changed at 0.27%.CommoditiesWest Texas Intermediate crude rose 1.1% to $53.16 per barrel.Gold fell 0.3% to $1,845.43 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.