Month: October 2019

The U.S. Supreme Court on Monday declined to hear Amazon.com’s bid to avoid a lawsuit seeking to ensure that warehouse workers for the e-commerce giant get paid for the time it takes them to go through extensive post-shift security screenings. The justices, on the first day of their new term, turned away an appeal by Amazon and a contractor of a lower court ruling reviving the workers’ claims under Nevada state law. The decision comes five years after the Supreme Court issued a ruling in the case that barred similar claims under federal law. …read more […]

(Bloomberg) — This year’s railroad slump is getting worse as a slowdown in manufacturing threatens broader weakness in the U.S. economy.There’s no bottom in sight as the decline in carloads for large U.S. railroads widened to 5.5% in the third quarter, the biggest drop in three years, according to weekly reports from the Association of American Railroads. Shipments are down for autos, coal, grain, chemicals and consumer goods, with crude oil the only bright spot.The rail downturn underscores the damage from the U.S.-China trade war, which is making shippers more cautious and crimping freight — validating earlier warnings from railroad …read more […]

The U.S. Supreme Court on Monday refused to hear a bid by the University of Wisconsin’s patent licensing arm to reinstate its legal victory against Apple Inc in a fight over computer processor technology that the school claimed the company used without permission in certain iPhones and iPads. The justices, on the first day of their new term, declined to review a lower court’s 2018 decision to throw out the $506 million in damages that Apple was ordered to pay after a jury in 2015 decided the company infringed the university’s patent. The licensing body, the Wisconsin …read more […]

Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the latest on impeachment talks and how it could impact the ability to make a trade deal with Ed Mills, Washington Policy Analyst at Raymond James. …read more […]

The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy’s San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in litigation after the deadly 2007 California wildfires that burned hundreds of homes. After state courts turned away the utility’s challenge to a decision by California regulators to prohibit it from raising utility rates to compensate for the payouts because it had improperly maintained its equipment, the Supreme Court opted not to hear San Diego Gas & Electric’s appeal. …read more […]

(Bloomberg) — Donald Trump’s administration said the U.S. will stand aside when Turkey’s military launches an operation against America’s wartime Kurdish allies in Syria, a significant shift in American policy that raises questions over the fate of thousands of Islamic State detainees.The Kurdish-led Syrian Democratic Forces have been a close U.S. ally in the fight to defeat Islamic State. But Turkey considers Syria’s Kurdish militants a threat to its national security and President Recep Tayyip Erdogan has said his forces were ready to begin a military operation against them in northeastern Syria imminently.The decision represents a dramatic reversal for U.S. …read more […]

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Edmund Heaphy discuss HSBC’s plans to cut up to 10,000 jobs. …read more […]

United Auto Workers are extending their strike against General Motors after rejecting the company’s latest offer. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Rick Newman discuss. …read more […]

Tariff concessions from the United States and China last month fanned hopes of a dissolution to a prolonged trade war, but market participants have grown nervous about the outcome of high-level negotiations that begin on Thursday. Chinese officials signaled they were increasingly reluctant to agree to a broad trade deal pursued by U.S. President Donald Trump, Bloomberg reported over the weekend. “Right now, investors are more focused on an actual outcome from these talks, but a majority have become somewhat skeptical that there will be something concrete this week,” said Rick Meckler, partner at Cherry Lane Investments, New …read more […]

China is reportedly trying to leave U.S. demands out of the next round of trade talks that are set to begin later this week. Yahoo FInnace’s Brian Sozzi, Alexis Christoforous, and Andy Serwer break down the details and what to expect. …read more […]

2019 has not been a great year to own biotech stocks (so far). Since the year began, the Nasdaq Biotechnology Index (NBI) is down more than six percentage points, against near 16% rise for the S&P 500.But not all biotechs are created equal — and not all biotech stocks will remain as cheap as they are today. Utilizing the Stock Screener at TipRanks to seek out strong-buy-rated stocks with incredible profit potential, we’ve come up with a trio of small cap biotechs with a chance to triple their share price (or more) in the coming year. Let’s take a closer …read more […]