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Trump wanted Justice Dept. to prosecute Clinton, Comey: reportExternal Link

President Donald Trump wanted to order the Justice Department to prosecute Hillary Clinton and former FBI Director James Comey last spring, the New York Times reported Tuesday. White House chief counsel Don McGahn reportedly talked him out of it, telling Trump he had no authority to order prosecutions and that if he tried to investigate his political enemies, it could lead to his impeachment. The Times said Trump still privately talks about prosecuting Clinton and Comey, and has suggested a second special counsel to investigate them. Trump has publicly accused both Clinton and Comey of breaking the law while not providing any evidence of that, and it is unclear what legal grounds prosecutors would have to investigate either one.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Nov 2018 23:22:30 GMT
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Keysight Technologies stock up 6% after company beats Wall Street viewsExternal Link

Shares of Keysight Technologies Inc. rose nearly 6% in the extended session Tuesday after the electronics company spun off from Agilent Technologies reported fiscal fourth-quarter results that beat Wall Street forecasts. Keysight said it lost $114 million, or 61 cents a share, compared with a net loss of $38 million, or 20 cents a share, in the fourth quarter of 2017. Adjusted for one-time items, Keysight earned $193 million, or $1.01 a share, compared with $135 million, or 71 cents a share, a year ago. Revenue rose 19% to $1.05 billion, compared with $878 million a year ago. Analysts polled by FactSet had expected the company to report adjusted earnings of 90 cents a share on sales of $1.02 billion. Keysight shares ended the regular trading day down 2.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Nov 2018 21:45:11 GMT
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API data reportedly show an unexpected decline in U.S. crude suppliesExternal Link

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by roughly 1.5 million barrels for the week ended Nov. 16, according to sources. The API data also showed gasoline supplies climbed by 706,000 barrels while distillate stockpiles declined by 1.8 million barrels, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, analysts surveyed by The Wall Street Journal expect the EIA to report a climb of 1.9 million barrels in crude supplies. They expect supply declines of 400,000 barrels for gasoline, and 2.3 million barrels for distillates. January West Texas Intermediate crude was at $53.40 a barrel in electronic trading. That's little changed from the $53.43 settlement on the New York Mercantile Exchange, which was the lowest finish since October 2017.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Nov 2018 21:38:28 GMT
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Gap stock wavers after company beats expectations, casts shadow over Gap brandExternal Link

Shares of Gap Inc. wavered between gains and losses in the extended session Tuesday after the retailer reported third-quarter results that narrowly beat Wall Street expectations and said it remained concerned about its namesake's Gap brand. Its other brands such as Old Navy and Banana Republic reported "solid performance" and sales growth, but Gap same-store sales fell 7%, the company said. Overall, same-store sales were flat in the quarter, compared with a 3% increase last year. Gap said it continues to expect fiscal 2018 sales flat to up slightly. Gap said it earned $266 million, or 69 cents a share, in the quarter, compared with $229 million, or 58 cents a share, in the year-ago period. Revenue rose 7% to $4.1 billion from $3.8 billion a year ago. Analysts polled by FactSet had expected EPS of 67 cents a share on sales of $4 billion. Gap tweaked its EPS guidance for fiscal 2018 to a range between $2.55 and $2.60. The analysts surveyed by FactSet expect a fiscal 2018 EPS around $2.56. Gap shares ended the regular trading session down 3.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Nov 2018 21:34:02 GMT
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Foot Locker stock surges 11% after earnings beatExternal Link

Foot Locker Inc. stock surged 11% in the extended session Tuesday after the company beat Wall Street expectations for earnings. The company reported third-quarter net income of $130 million, or $1.14 a share, compared with $102 million, or 81 cents a share, in the year-ago period. Adjusted for items such as changes to the U.S. tax code and litigation, earnings were 95 cents a share. Revenue fell to $1.86 billion from $1.87 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 92 cents a share on revenue of $1.85 billion. For the fourth quarter, analysts model adjusted earnings of $1.35 a share on sales of $2.14 billion; the company said it would discuss its outlook in a conference call Tuesday at 5 p.m. Eastern time. Foot Locker stock has fallen 1.7% this year, with the S&P 500 index rising 0.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 20 Nov 2018 21:30:41 GMT
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