The current stance of monetary policy is appropriate for the U.S. economy and the Federal Reserve should now wait and see how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it… …read more […]
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and… …read more […]
Our free market system is a blessing that provides opportunity and mutual benefit to businesses and consumers. So why are so many people in favor of socialism these days?
Today, Alexander Green reflects on a recent debate of capitalism versus socialism.
Would you hire an architectural firm if all its buildings fell down?
Would you use an accounting firm if each of its clients went bankrupt?
Would you use a heart surgeon if every one of his patients died on the operating table?
I’m guessing your answer is no.
So you probably wouldn’t fall for the arguments of Professor Richard D. Wolff, academic, author and passionate …read more […]
(Bloomberg Opinion) — After HP Inc. rebuffed Xerox Holdings Corp.’s attempted $34 billion takeover attempt, don’t be surprised if the printer company’s next step is to say, “You don’t buy us, we buy you.” But don’t expect any offer to be generous.A counteroffer from its bigger rival may have been Xerox’s plan all along. The two companies have been involved in tentative talks about a combination at various times over the past few years. Xerox’s ploy, which would have involved taking on considerable debt, looks to have at least succeeded in bringing HP back to the negotiating table.The problem for …read more […]
Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signed.
At the end of October, I wrote that the next wave for cannabis companies would be “buyer’s remorse.”
That’s because pot stocks have fallen flat on their faces over the past six months.
The mergers and acquisitions that fueled companies’ champagne wishes and caviar dreams were inked when share prices were sky high.
But now these companies are battered and bruised.
We’d already heard that MedMen Enterprises (OTC: MMNFF) abandoned its $682 million takeover of PharmaCann.
I said then that unless some major headway was made on marijuana mergers and acquisitions, the MedMen fallout would merely be the first. And that at least half of …read more […]
FedEx Corp Chief Executive Frederick Smith has challenged the publisher of the New York Times & Co and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill.
The package delivery firm’s financial filings showed it owed no taxes in the 2018 fiscal year overall due to President Donald Trump’s tax overhaul, according to the NYT story published on Sunday. Smith late on Sunday called the story https://www.nytimes.com/2019/11/17/business/how-fedex-cut-its-tax-bill-to-0.html “distorted and factually incorrect” and challenged NYT’s publisher A.G. Sulzberger and the business section editor to a public debate in Washington. …read more […]
Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signed. The government-sponsored enterprise is betting not only that a deal will be passed, but that it will happen in time for the Dec. 15 tariffs on Chinese goods to be scrapped. “Even as global uncertainties mount, we continue to expect the domestic economy to produce solid, if not spectacular, growth,” said Doug Duncan, chief economist …read more […]
Wall Street hovered around record levels on Monday after Washington’s move to grant an extension for U.S. companies to do business with China’s Huawei helped ease some concerns around U.S.-China trade relations.
The big shareholder groups in The Meet Group, Inc. (NASDAQ:MEET) have power over the company. Large companies usually… …read more […]
Anyone researching Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) might want to consider the historical… …read more […]
(Bloomberg) — The Federal Communications Commission moved toward controlling a lucrative airwaves sale in a public auction rather than letting Intelsat SA and SES SA conduct a private sale of the frequencies.The plan, which could slash the satellite companies’ payout by billions of dollars, was announced by FCC Chairman Ajit Pai in a tweet.Intelsat plunged as much as 30% on the news. Shares were down 11% to $11.99 at 12:10 p.m. in New York. Intelsat was the biggest decliner on the Russell 2000 Index.Pai said the sale should free airwaves for 5G wireless use, do so quickly and generate revenue …read more […]
The Federal Aviation Administration is exploring a potential overhaul of plane approvals. This comes as Airbus beats out Boeing for two mega deals at the air show in Dubai. Yahoo Finance’s Alexis Keenan joins On the Move to discuss. …read more […]
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