Mutual Funds Weekly: Facebook’s big face plant shows why you should never fall in love with a stock

Mutual Funds Weekly: Facebook’s big face plant shows why you should never fall in love with a stock
Don’t miss these top money and investing features: Facebook lost face on Thursday, not to mention $120 billion of its market value. This Wall Street mugging was the biggest one-day loss in market value for any publicly traded company, ever — and illustrates the danger of falling in love with a stock. Individual investors generally are optimists by nature —... Read More

Key Words: Juncker’s secret weapon in trade talks with Trump: color-coded flash cards

Key Words: Juncker’s secret weapon in trade talks with Trump: color-coded flash cards
European Commission President Jean-Claude Juncker walked away from his meeting with President Donald Trump on Wednesday with a freshly won trade detente, and he may have had flash cards to thank. The Wall Street Journal reported Thursday that Juncker came to the meeting in Washington well-prepared, with “more than a dozen colorful cue cards with simplified explainers,” such as numbers... Read More

The Wall Street Journal: Hackers, allegedly Russian, targeted Sen. Claire McCaskill’s staff

The Wall Street Journal: Hackers, allegedly Russian, targeted Sen. Claire McCaskill’s staff
WASHINGTON — Sen. Claire McCaskill, a Missouri Democrat facing a tough re-election fight, said Thursday that hackers aiming to steal staffers’ passwords failed to infiltrate her Senate office computers, an attempted breach that echoed high-profile thefts during the 2016 presidential campaign. Earlier Thursday, the Daily Beast website reported that hackers tied to Russia’s GRU intelligence service used a phishing technique... Read More

Market Extra: Wall Street investors can’t remember the last time a GDP report was so crucial

Market Extra: Wall Street investors can’t remember the last time a GDP report was so crucial
Wall Street just traversed a gantlet: the busiest week of corporate quarterly results, fresh developments in global trade relations and a historic stock tumble by Facebook Inc. However, the headliner of this jam-packed week may be GDP, the official scorecard of the U.S. economy. As one fixed-income strategist put it, never has a reading of gross domestic product held so... Read More

The Wall Street Journal: Papa John takes Papa John’s to court after his ouster

The Wall Street Journal: Papa John takes Papa John’s to court after his ouster
Papa John’s International Inc.’s founder John Schnatter is taking his first legal action against the pizza chain since relations with his board of directors began crumbling months ago. Schnatter, who owns 29% of Papa John’s PZZA, -0.51%   and is a director, filed a complaint against Papa John’s in a Delaware court on Thursday alleging that the company failed to disclose documents... Read More

Earnings Results: Facebook stock drops roughly 20%, loses $120 billion in value after warning that revenue growth will take a hit

Earnings Results: Facebook stock drops roughly 20%, loses $120 billion in value after warning that revenue growth will take a hit
Facebook Inc. is evidently not bulletproof. On Thursday, Facebook FB, -18.96%  lost about $120 billion in market capitalization, after its earnings report after the market close on Wednesday missed expectations on revenue and showed slowing user growth. Weak guidance also rattled investors. The stock closed down 19% Thursday to $176.26, which means that investors erased the entirety of the company’s... Read More

The Wall Street Journal: Hundreds of migrant children still in government custody as reunion deadline looms

The Wall Street Journal: Hundreds of migrant children still in government custody as reunion deadline looms
The Trump administration scrambled to meet a court-ordered deadline to reunite more than 2,500 migrant children with their parents after they were separated at the border, creating an 11th-hour rush to move people around the country in a stop-start fashion. The deadline of midnight, Pacific time, Thursday was set by a federal judge in June. Administration officials said Thursday they... Read More