Stocks weak as rates keep rising; Apple, Amazon, Alphabet earnings on the way

Stocks are giving up big gains here as rates keep ticking higher. Plus—all eyes are on tech: Apple, Alphabet and Amazon are reporting any minute now. We’ll have them live. And, bitcoin tumbles below $9,000. Is it make or break for the digital currency? Plus, Super Bowl Sunday is a super day for Wingstop. Its CEO flies in to give us the score. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Myles Udland, and Rick Newman.

Winners and losers

Let’s take a look at some of today’s winners and losers. Stocks in the red include Alibaba after the Chinese e-commerce giant missed on earnings; Chipotle on a UBS downgrade to ‘sell’ claiming lower growth is the ‘new normal;’ and Guess, with shares getting slammed after model Kate Upton accused co-founder Paul Marciano of sexual harassment.

Stocks in the green include Facebook as it reported users were spending less time on the site, though its CFO said on the earnings call that the the social media site would maintain its 2018 expense forecast; Ferrari as the supercar maker said core earnings would double to $2.5 billion by 2022; and AT&T, with shares up on strong earnings beat and seeing wireless subscriber ads in the US hit 2.7 million.

 

  • Michael Buble shuts down rumours of retirement from music
    News
    The Canadian Press

    Michael Buble shuts down rumours of retirement from music

    Michael Buble is shutting down rumours that he's going to retire from music, saying he was misquoted in a recent interview. The report suggested the Grammy-winning singer was stepping away from music for good following his son Noah's cancer battle, but Buble said the story is false.

  • California surgeon, girlfriend face new rape, other charges
    News
    The Canadian Press

    California surgeon, girlfriend face new rape, other charges

    A California surgeon and his girlfriend were charged Wednesday with crimes against five additional victims in addition to two women they were previously charged with drugging and sexually assaulting. Dr. Grant Robicheaux, 38, and his girlfriend, Cerissa Riley, 31, were charged with rape by use of drugs, kidnapping with the intent to commit a sexual offence and other crimes. Authorities said Robicheaux, who once appeared in a reality TV show called "Online Dating Rituals of the American Male," and Riley met women at social events in and once the women were intoxicated, brought them back to Robicheaux's Newport Beach home and sexually assaulted them, prosecutors said.

  • How to follow the Yukon municipal elections with CBC North
    News
    CBC

    How to follow the Yukon municipal elections with CBC North

    It's election day for six municipalities across the Yukon, and CBC North will be there with results, highlights and reactions every step of the way. 

  • London's black cabs soon to be seen on the streets of Paris
    News
    The Canadian Press

    London's black cabs soon to be seen on the streets of Paris

    London's black cabs will be seen on the streets of Paris next year as the company that makes them begins selling its wares in the City of Light. London Electric Vehicle Co., which makes plug-in electric taxis that look like traditional black cabs, has put about 600 vehicles on the streets of London and has already expanded to Amsterdam, Berlin, Hamburg and Oslo. The move into Paris comes as Mayor Anne Hidalgo aggressively works to improve air quality in the city.

  • German AfD members monitored by spy agency are now Bavarian lawmakers
    News
    Reuters

    German AfD members monitored by spy agency are now Bavarian lawmakers

    An agency spokesman said on Thursday that the Bavarian domestic intelligence agency was checking whether it has a constitutional mandate to continue monitoring those individuals, who are now lawmakers in the state assembly. German Chancellor Angela Merkel's coalition is divided over whether the federal intelligence agency should monitor the AfD, which entered the national parliament for the first time in an election last year after campaigning on an anti-Islam platform. In Bavaria, the party - which says Islam is incompatible with the German constitution - secured 22 seats in the regional parliament based on a little over 10 percent of the vote.

  • 'Extensive' cockroach infestation, poor sanitation closes Edmonton Chinese restaurant
    News
    CBC

    'Extensive' cockroach infestation, poor sanitation closes Edmonton Chinese restaurant

    A north Edmonton Chinese food restaurant has been ordered closed after inspectors discovered a slew of health code violations, including a cockroach-infested, grime-and- grease-covered kitchen. The health inspection on Oct. 3, found Taipan Cafe at 10627 97th St. found evidence of an "extensive cockroach infestation" throughout the entire building, including the food. "Many live and dead cockroaches of all life stages noted in food and on glue boards, counters, food equipment, utensils, containers and structures," reads the Environmental Public Health inspection.

  • Chestnuts, swagger and good grammar: how Italy's 'Captain' builds his brand
    News
    Reuters

    Chestnuts, swagger and good grammar: how Italy's 'Captain' builds his brand

    Salvini, who modeled his "Italians first" campaign after Trump's successful U.S. presidential bid, has built an effective communications machine aimed not just at bolstering his League party's popularity at home but also helping anti-immigrant, populist forces win control of European parliament next May. Salvini has been especially successful on Facebook, Italy's most popular platform with 34 million active users per month out of an eligible voting population of 46.6 million. In the first week of July, for example, 2.6 million people liked, commented, shared or watched videos on Salvini's 82 Facebook posts, versus 1.5 million engagements on 32 posts for Trump, Raffa's data showed. "Salvini always has much more engagement than Trump," Luca Morisi, Salvini's social media strategist and the man behind the machine, said at a workshop hosted by pollster and political analysis firm YouTrend in early October.

  • A water fight in Chile's Atacama raises questions over lithium mining
    News
    Reuters

    A water fight in Chile's Atacama raises questions over lithium mining

    U.S.-based Albemarle Corp and Chile's SQM operate just 3 miles (5 km) apart in the remote Salar, a basin in the Atacama that is home to one of the world's richest deposits of high-grade lithium. In celebrating the new contracts, the two companies said they were confident they could significantly boost output without drawing more than their current quotas of lithium-rich brine, or saltwater, that has for millennia accumulated in pools beneath the Atacama. The rivals said each had all the brine they needed for current and future production.

  • Legal marijuana increases liability for alcohol servers, owners worry
    News
    CBC

    Legal marijuana increases liability for alcohol servers, owners worry

    Servers and bartenders now have one more responsibility on their plate now that recreational marijuana is legal in Canada — detecting cannabis impairment before letting the booze flow. Adding to that worry among waiters is the fact many alcohol certification programs across Canada haven't been updated to reflect that recreational marijuana is now legal. "It's concerning for me as a bar owner because you don't know how much they've ingested," said Cara Kennedy, owner of the Walkerville Tavern in Windsor, Ont.

  • Private company hired to oversee $12.8M in renos at Montreal City Hall
    News
    CBC

    Private company hired to oversee $12.8M in renos at Montreal City Hall

    Pomerleau will be responsible for making sure costs are respected, as well as the schedule, construction methods and the quality of the work being done, according to a summary of the committee's decision, released after the meeting. "It will be interesting to verify whether this approach will make the city more agile in awarding contracts," the commission wrote in its evaluation of Pomerleau's bid.

  • Sri Lankan Tamil chef the backbone of this classic Irish pub
    News
    CBC

    Sri Lankan Tamil chef the backbone of this classic Irish pub

    Since opening Allen's in 1986, he's used his classic Irish pub to advocate for Canadian ingredients. "My Toronto restaurant life has involved people from every nationality one can imagine, but I can say with assurance that members of no group work harder, or with greater commitment, than do Tamil professional cooks," he insisted. Maxwell introduced me to chef Ponniah Vijeyaratnam.

  • Talkative puppy loves playing with Great Dane
    Rumble

    Talkative puppy loves playing with Great Dane

    Mikey the Great Dane loves to talk and play. Listen to commentary mostly by Mikey as he and Ellie enjoy playtime. Too cute!

  • Mammoth development could add thousands of homes to Bonnie Doon neighbourhood
    News
    CBC

    Mammoth development could add thousands of homes to Bonnie Doon neighbourhood

    A proposed development for Edmonton's Bonnie Doon neighbourhood could bring thousands of new homes and people to the area. Morguard Investments has proposed to rezone the land Bonnie Doon Centre sits on, transforming it into a mixed-use development that features housing, offices and retail space. The goal is to provide housing for people at various stages of life, said Margaret Knowles, senior vice president of development for Morguard.

  • 'The wait time is so unbearable': Regina salon closed after Lang's fire almost ready to re-open
    News
    CBC

    'The wait time is so unbearable': Regina salon closed after Lang's fire almost ready to re-open

    Jen Dubois' Miyosiwin Salon Spa had barely been open one year when tragedy struck. 

  • The most confusing marijuana laws that could cost you thousands
    News
    Yahoo Canada News

    The most confusing marijuana laws that could cost you thousands

    The rules for recreational cannabis can vary from one side of the street to the next. Here are some references to help you navigate the melting pot of weed laws.

  • Photos: Canadians celebrate pot legalization by lighting up
    Yahoo Canada News

    Photos: Canadians celebrate pot legalization by lighting up

    They were elated, thrilled, ecstatic, overjoyed… and some just wanted to chill. On Wednesday, some Canadians waited in massive lines to buy their first legal grams of cannabis. Plenty were also keen to celebrate by legally smoking weed in public for the first time — something that’s still illegal in some parts of the country. Of course, plenty of people, such as those in Ontario, blazed without standing in line first. The province is beginning its pot rollout with online sales and moving to private retail stores in April 2019 at the earliest. There were plenty of events, both planned and impromptu. Toronto potheads lit up in Trinity Bellwoods Park, University of British Columbia students poured onto a hill beside a student centre to partake, and some immediately got high right outside cannabis stores. Here’s a look at how some folks spent their first day using cannabis legally.

  • News
    The Canadian Press

    Threatening letter prompts Indigenous family's move from Edmonton-area condo

    Police are investigating after an Indigenous family in an Edmonton-area condominium received a letter that appears to suggest harm may come to them if they don't leave the neighbourhood. The letter that was left in the family's mailbox on Monday warns Katrina Anderson, her husband and three children, ages 13, 12 and 10, to move out of their rented condo in St. Albert. It targets the family’s First Nation background and accuses Anderson's children of being noisy and thoughtless while playing outside, intimating that the kids could get harmed if the family doesn't get out.

  • News
    Reuters

    Watches and wine: Singapore files more charges over North Korea sanctions breaches

    The multiple charges against Singaporean Chong Hock Yen, 58, and North Korean Li Hyin, 30, span over six years and involve hundreds of thousands of dollars of perfumes, wines and watches in breach of U.N. sanctions, court documents seen by Reuters show. Also charged on Thursday were three Singapore-registered companies linked to Chong - SCN Singapore Pte Ltd, Laurich International Pte Ltd and Sindok Trading Pte Ltd. "Singapore takes its obligations under the United Nations Security Council resolutions seriously and implements them fully and faithfully," Singapore's police said in a statement.

  • Ambulance NB promises to ease emergency response delays in Saint-Quentin
    News
    CBC

    Ambulance NB promises to ease emergency response delays in Saint-Quentin

    Residents in Saint-Quentin will have to wait two more weeks for Ambulance New Brunswick to come up with a solution for emergency vehicle delays in the area. The community in northwestern New Brunswick is again calling for adequate ambulance service after a cyclist who was struck and injured by a vehicle earlier this month waited more than 40 minutes before being taken to a hospital three blocks away by a passerby. Losier said he recognizes there are delays in response times across the region, but when ambulances are present in the area, there isn't a problem.

  • Nunavut's chief medical officer 'no longer employed with the government'
    News
    CBC

    Nunavut's chief medical officer 'no longer employed with the government'

    The Nunavut government is releasing few details on why Dr. Kim Barker is no longer the territory's chief medical officer of health. 

  • Ragtime musician carves out side business making wooden pipes
    News
    CBC

    Ragtime musician carves out side business making wooden pipes

    Sporting a handlebar moustache and a steel-stringed acoustic guitar, a young man strums the nostalgic tunes of Scott Joplin, Blind Blake and others from an era gone by. Beside him sits an antique suitcase filled with wooden pipes of varying sizes and shapes. 

  • Nenshi slams province over cannabis revenue-splitting formula
    News
    CBC

    Nenshi slams province over cannabis revenue-splitting formula

    Earlier this week, the government announced it will share $11.2 million with municipalities over the next two years to help them with the costs related to legalization. Calgary's expenses are expected to be $10 million to $12 million per year for additional police training and equipment and more bylaw enforcement as well as costs tied to additional building inspections and land-use zoning issues for retail outlets. Calgary Mayor Naheed Nenshi says the province will reap the revenues from cannabis sales including an excise tax and a sales tax — yet little of that cash will be shared with communities.

  • Epic selfie footage of wingsuit daredevil in Switzerland
    Rumble

    Epic selfie footage of wingsuit daredevil in Switzerland

    Check out this dude's insane jump at Les Diablerets in Switzerland. It's an extreme wingsuit selfie!

  • Secure unit would have saved dementia patient killed in traffic: fatality report
    News
    CBC

    Secure unit would have saved dementia patient killed in traffic: fatality report

    A dementia patient who was run over in the street after he wandered away from the Royal Alexandra Hospital in 2015 should have been protected on a secure unit, a fatality inquiry has found. Robert Earl Wright, 84, was a patient in the hospital's geriatric unit for more than two weeks in the summer of 2015, and walked away three times. The third time he left the hospital, on Aug. 21, he stepped into traffic and was hit by a vehicle.

  • MoviePass operations under investigation by New York AG
    News
    The Canadian Press

    MoviePass operations under investigation by New York AG

    The company that runs the beleaguered MoviePass discount service for movie tickets is being investigated by the New York Attorney General on allegations that it misled investors. Helios and Matheson has struggled financially and is facing class-action lawsuits filed on behalf of investors claiming the company failed to disclose aspects of a business model that were unsustainable. MoviePass drew in millions of subscribers, luring them with a $10 monthly rate.