Short bets against WeWork’s bonds jumped to a record high this week, suggesting investors believe the office-sharing startup may again seek to raise money in the debt market after it filed to withdraw its initial public offering.
Tiffany & Co is sending more of its priciest jewelry to mainland China to reach consumers kept at home by a weak currency, Chief Executive Alessandro Bogliolo said on Thursday.
Tiffany & Co is sending more of its priciest jewelry to mainland China to reach consumers kept at home by a weak currency, Chief Executive Alessandro Bogliolo said on Thursday. A lower domestic sales tax has also contributed to double-digit decreases in sales to Chinese tourists in the United States and in other destinations, he said, reflecting an effort by China’s government to “repatriate consumption” by its citizens. Bogliolo spoke after a luncheon put on by Boston College’s Carroll School of Management. …read more […]
The number of vaping-related lung illnesses across the United States is climbing higher, according to the Center for Disease Control. Yahoo Finance’s Jessica Smith joins The Final Round live from Washington, D.C. to discuss the latest. …read more […]
Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as the U.S. hypermarket chain struggled to lure shoppers in a competitive grocery space, sending its shares down about 2% in extended trading. U.S. grocers compete fiercely to attract shoppers and also face the threat of Amazon.com Inc expanding into the space, forcing Costco and other grocers to slash prices and invest heavily in stores and online. In August, Costco opened its first store in Beijing where overcrowding and traffic jams in the neighborhood forced the retailer to limit the number of shoppers in the store. …read more […]
Costco shares are tumbling in after-hours trade, following a lackluster fourth-quarter earnings report. Yahoo Finance’s Jared Blikre joins The Final Round to break down the numbers. …read more […]
On Tuesday, Charles Schwab (NYSE: SCHW), the pioneer in low-cost commissions, lobbed a grenade onto Wall Street.
It announced that it was going to a zero-dollar commission structure on all trading.
To put this in perspective, let’s go back to the ’90s. Back then, just before the advent of online trading, brokers could charge up to 5% of the amount of a transaction as their commission charge – both entering and exiting the trade.
For a $20,000 trade, that could amount to as much as $2,000 in commissions. Very few brokers were that egregious, however, and usually they charged around 2% each way.
Still, …read more […]
The latest weaker-than-expected U.S. economic data on Thursday fed hopes that the Federal Reserve would cut U.S. interest rates this month, which helped lift global equities slightly after two days of declines, but investors also parked some funds in U.S. Treasuries and other safe-haven assets.
Microsoft rose 1.2% and Facebook added 2.7%, with the two contributing more than any other companies to the S&P 500’s gain. The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016. Stock prices bounced back from the dour economic data as bets on a third U.S. rate cut this year at Fed’s October policy meeting surged to 90% from 40%, according to CME Group’s Fed Watch tool. …read more […]
Wall Street stocks climbed on Thursday after data showing U.S. services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.
Is T-Mobile US, Inc. (NASDAQ:TMUS) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […] …read more […]
Nickelback hit the president with a copyright claim. And it worked, fast. …read more […]
President Trump signed an executive order that his administration says will “protect” Americans from “Medicare for all” campaign proposals pushed by democrats. Ivan Feinseth, Tigress Financial Partners CIO, joins Yahoo Finance’s Akiko Fujita. …read more […]
While striking workers at General Motors Co’s U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.
U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.
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