IN THE NEWS
Benzinga
Coming off one of the most depressing quarters in the company's history, Under Armour Inc (NYSE: UAA) is now in the precarious position of trying to resuscitate a
onetime Cinderella story in the sportswear world before it becomes a cautionary tale:
Link
Through “stateless” subsidiaries and shadow companies, Apple Inc. (NASDAQ: AAPL) amassed $252 billion in offshore cash subject to foreign tax rates far lower
than the U.S.’s 35 percent, according to BBC News:
Link
Hertz Global Holdings, Inc (NYSE: HTZ)
stock had been on quite a run since bottoming at $8.52 back in June, but the rally came to a halt on Tuesday when the stock plunged
more than 20 percent following disappointing Q3 earnings reports from competitors TrueCar Inc (NASDAQ: TRUE) and Avis Budget Group Inc. (NASDAQ: CAR):
Link
Wall Street Journal
President Donald Trump took direct aim at Kim Jong Un in a speech that both extended a hand to the North Korean leader and
delivered a warning of the potential consequences of its nuclear-weapons program:
Link
Democrat Ralph Northam captured the Virginia governorship on Tuesday, beating Republican Ed Gillespie in the first major test of
how the Donald Trump presidency has affected swing-state politics:
Link
Reuters
Snap Inc (NYSE: SNAP) is redesigning its
disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street
clobbered it for another quarter of slowing user growth:
Link
Twitter Inc (NYSE: TWTR), known for its
iconic 140-character tweets, said on Tuesday it would roll out 280-character tweets to users across the world:
Link
Bloomberg
The House tax-writing committee entered its third day of work Wednesday to hammer out the details of the Republican tax cut
plan. Here are the latest developments, updated throughout the day:
Link
On the fringes of the ongoing global climate summit in Bonn, U.S. leaders will once again demonstrate their commitment to the
issue, with a packed agenda of film screenings, panel discussions and cocktail parties where they will highlight the country’s
carbon dioxide cuts:
Link
ECONOMIC DATA
- US MBA mortgage applications Nov 3 0.0% vs -2.6% Prev
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m.
ET.
- The Treasury is set to auction 10-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- Jefferies upgraded Nabors Industries (NYSE:
NBR) from Hold to Buy
- RBC upgraded Qualcomm (NASDAQ: QCOM)
from Sector Perform to Outperform
- KBW upgraded Umpqua Holdings (NASDAQ: UMPQ) from Market Perform to Outperform
- Morgan Stanley downgraded Sally Beauty Holdings (NYSE: SBH) from Equal-Weight to Underweight
- Barclays downgraded Mallinckrodt (NYSE: MNK) from Overweight to Equal-Weight
- RBC downgraded Snap from Outperform to Sector Perform
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