Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group’s next meeting in April. Read More...

It started with a single sell rating on one stock.By the time China’s exchanges shut on Friday, equity investors were sitting on $345 billion of losses and the realization that Beijing is in no mood for another bubble. Read More...

Saudi Arabia currently exports about 7M barrels of crude oil each day, along with 2M barrels of natural gas liquids and petroleum products, but the U.S. is set to top that record this year, according to Rystad Energy, becoming the world's leading exporter of oil and liquids. Read More...

The pace of retail store closure announcements didn’t slow down much this week, following a brutal last week for malls and shopping centers across the U.S. Read More...

Jeremy Grantham, an investor credited with predicting the 2000 and 2008 downturns, told CNBC on Thursday that investors should get inured to lackluster returns in the stock market for the next two decades, after a century of handsome gains. READ MORE...

Democratic presidential candidate Elizabeth Warren wants to "break up" growing tech monopolies owned by Amazon, Google and Facebook because they stifle innovation and hurt small businesses. The Massachusetts senator on Friday published "Here's How We Can Break Up Big Tech." Her plan would require regulators to break up several massive mergers including Facebook's ownership of Instagram, as well as Amazon's $13.7 billion deal two years ago to acquire grocer Whole Foods. "Today’s big tech companies have too much power  –  too much power over our economy, our society and our democracy," Warren said in the essay.

Trump administration officials have not made any new plans to send a team to China for meetings as there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday. "We're talking to them (Chinese officials) every day, but no one's got any trip plans," Willems told reporters on the sidelines of a Georgetown Law School event." The governments of the world's two largest economies have been locked in a tariff battle for months as Washington presses Beijing to address long-standing concerns over Chinese practices and policies around industrial subsidies, technology transfers, market access and intellectual property rights. Advances in talks drove the White House to indefinitely delay tariffs on $200 billion worth of Chinese imports that were set to start on March 2.

OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a multibillion-dollar lawsuit by Oklahoma’s attorney general accusing them of helping fuel an opioid abuse and overdose epidemic in the state. Read more...

Earlier this week, Anderson Economic Group released its 2019 benchmarked AndCan Index, which uses a new, improved methodology.The 2019 index shows that consumer demand for cannabis products has been increasing much faster than previously recognized. READ MORE...

Stellar Biotechnologies Inc SBOT 27.5% shares jumped 105 percent to $2.46 after the company reported a share exchange deal with Edesa Biotech. READ MORE...

Vail Resorts beat second quarter earnings and revenue estimates, causing its shares to jump more than +8% Friday. The mountain resort company reported net income of $5.02 per share, which edged past Wall Street analysts’ estimates of $4.83 per share.Its revenue of $850 million was higher than analysts’ expectations of $842 million for the quarter. The company experienced a +27% year-over-year surge in skier visitation, while lodging revenue increased +16.1%.  Vail said that it would be boosting its quarterly dividend by +20% to $1.76 per share, payable April 11, to shareholders of record on March 27.  However, the company lowered its projection for the full-year EBITDA to a range of $690 million to $710 million, compared to its previous guidance range of $718 million to $750 million.   It had weaker-than-expected destination guest visitation during the pre-holiday period.

Rosetta Stone shares surged to record highs on Thursday, after the company released its latest quarterly earnings report. Although the education software company incurred a loss of -19 cents per share for the three months ending in December, it was much narrower than analysts’ estimate of -38 cents loss per share. For the full-year, Rosetta forecasts a loss of around -$15 million, but expects revenue to jump  +10%  to $191 million.Some analysts also seemed to praise the company’s strategy of transitioning from software sales to a subscription-based revenue model.

Anheuser-Busch (AB InBev) shares took a hit, after RBC analysts downgraded the stock to sector perform from its highest rating. RBC analyst James Edwardes Jones indicated that dimmed outlook on the beverage company’s profit margin growth coupled with its stock valuation nearing RBC price target propelled the analysts to lower the rating.But Jones did appreciate the maker of Budweiser as "the best acquirer and integrator of businesses that we know" , despite his concerns on AB InBev’s potentially limited room for steady growth in margin. RBC has $84.81 price target on AB InBev.

Kroger disappointed on earnings for the latest quarter reported, and put forward a guidance weaker than anticipated. The supermarket chain raked in adjusted earnings of 48 cents per share for the three months ending in January, falling short of analysts’ expectations of 44 cents per share.The earnings-per-share was also lower than the year-ago quarter’s figure, by more than -11%. Group sales of the company declined -11% year-over-year to $28.1 billion in the quarter, missing the Street consensus expectation of $23.38 billion. Looking ahead, Kroger expects full year 2019 earnings to be in the range of $2.15 to $2.25 per share, which is below analysts' estimate of $2.26 per share (based on Refinitiv data). However, CEO Rodney McMullen sounded optimistic, as he emphasized, "Kroger solidly delivered on what we set out to do in 2018, which was an investment year that laid the groundwork for us to achieve our 2020 Restock Kroger targets including financials.” He

Citi analyst Christian Wetherbee mentioned “slower International trends and ongoing profit headwinds from the TNT integration, as well as somewhat lower profit growth at Freight” as factors behind the target cut.FedEx acquired TNT for $4.8 billion in 2016. Wetherbee also pared down his estimate for FedEx's  third quarter earnings to $3.05 per share, well below the Street consensus of $3.28 per share.

Reporting a sharper loss and a weaker guidance than expected, Eventbrite saw its shares tumble in extended trading Thursday. The online ticketing and event management company incurred a loss of -17 cents a share in the fourth quarter, wider than a loss of -13 cents a share estimated by analysts surveyed by FactSet.Analysts’ expected $73.2 million. The company projects its first quarter net revenue to come in the range of $80 million to $84 million, below analyst forecasts of $91.3 million (based on FactSet survey of analysts). Eventbrite lost more than -20% in after-hourrs trading Thursday.

The company doesn’t have the best fundamental indicators, but stock moved sharply higher since the December low before pulling back in the last few weeks. We see on the daily chart that the stock gained over 50% from its low through the high on February 21.The indicators did make a bullish crossover on March 7 and that could be a good sign for the stock. The Tickeron AI Trend Prediction tool generated a bullish signal on March 6 and that signal calls for a gain of at least 4% over the next month.

I wrote about Teck Resources (NYSE: TECK) just a few weeks ago on February 19.The mining company had hit the lower rail of an upward sloped trend channel and the Tickeron AI Trend Prediction tool had just generated a bullish signal on the stock. The stock had closed at $22 when I wrote that article and it proceeded to jump up to a high of $23.83 on February 25.

The euro fell sharply against the dollar Thursday after the European Central Bank (ECB) unveiled a series of market-friendly policies amid a slew of rising risks.READ MORE...

The White House is hosting members of the newly formed “American workforce policy advisory board” for its first meeting on Wednesday afternoon. The board consists of 25 executives state and local officials and representatives from various universities.The CEOs of Apple, Siemens USA, IBM, Visa, Home Depot, Lockheed Martin and Walmart are some of the high profile business leaders on the panel. Commerce Secretary Wilbur Ross and Ivanka Trump, the president’s daughter and advisor, lead the advisory board.