Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.
NEW YORK – Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.
Goldman Sachs Group Inc is facing a probe from U.K. regulators over its reporting practices tied to new rules in European markets, Bloomberg reported on Friday, citing people with knowledge of the matter.
Google’s CEO says the company is not close to launching a search product in China. Yahoo’s Seana Smith, Andy Serwer, Jen Rogers, and Dan Howley discuss. …read more […]
The CNBC host Jim Cramer says Tesla CEO Elon Musk should take a medical leave. Tesla shares tumbled Friday in the wake of Musk’s interview with The New York Times. The CNBC host Jim Cramer thinks Elon Musk should take a medical leave from Tesla. …read more […]
Turkey’s battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump who said the United States would not take the detention “sitting down”. The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived in Turkey for two decades, has become a flashpoint of tension between Washington and Ankara and has accelerated a currency crisis that has richocheted through global financial markets. The lira has lost nearly 40 percent of its value against the dollar this year, sparking …read more […]
Weak forecasts from Nvidia and Applied Materials hit chipmakers and dragged the Nasdaq lower on Friday, while the S&P 500 and Dow Industrials were kept afloat by gains in the defensive sectors such as telecoms and consumer staples.
Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.
U.S. President Donald Trump on Friday said meetings with corporate executives prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter.
Tesla Inc’s shares slumped as much as 9 percent on Friday after Chief Executive Elon Musk told the New York Times that his tweet last week about taking the company private was not reviewed by anybody.
Multi-faceted technology giant Cisco (NASDAQ:CSCO) recently reported fourth quarter numbers that were quite good and Cisco stock traded mildly higher on the news. It was a double beat quarter with a healthy guide, and featured the best revenue growth the company has seen in years, proof that Cisco’s top-line growth narrative is steadily improving thanks to increased traction in secular growth markets like cloud and cybersecurity. Specifically, higher component costs are outweighing higher product prices, and gross margins are dropping. …read more […]
U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.
The summer roller-coaster in two of the four big-cap ‘FANG’ names – Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc – has led to a shift, albeit slight, into value stocks.
U.S. Steel plans to spend at least $750 million to upgrade a century-old steel mill along northwestern Indiana’s Lake Michigan shoreline. Company and government officials said Thursday that the project will help preserve Gary Works’ nearly 3,900 steelworker jobs, and could help ensure the 112-year-old mill lasts another century. The company had been criticized for not spending enough on equipment at mills such as Gary Works during the steel industry’s recent downturn. …read more […]
UBS sees bright futures for America’s two biggest aerospace and defense titans. …read more […]
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