FedEx CEO Fred Smith called out ‘The New York Times’ after the publication published a report detailing how FedEx slashed its tax bill from $1.5 billion to $0 in one year. Yahoo Finance’s Zack Guzman and Brian Cheung are joined by Retail Expert Erin Sykes on YFi PM. …read more […]
Iamgold on the list Continue reading… …read more […]
It’s been a sad week for Weibo Corporation (NASDAQ:WB), who’ve watched their investment drop 19% to US$43.55 in the… …read more […]
(Bloomberg) — Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants’ rights plan, accusing the company of “shamelessly” profiting from the 2008 housing crisis.Her criticism on Monday was the latest instance of the Democratic 2020 presidential candidate singling out Wall Street companies and investors by name for actions she says contribute to inequality.In a Medium post where she laid out proposals to strengthen tenants’ rights, Warren assailed Blackstone for going on a “shopping spree” in the wake of the 2008 crisis and buying apartments and single family homes that had been …read more […]
Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sprint’s entire prepaid wireless business.
U.S. regulators approved Sprint’s $26.5-billion merger with larger rival T-Mobile US Inc in July. As a concession to regulators, the companies agreed to sell Sprint’s prepaid wireless business, which includes the Boost and Virgin Mobile brands, to Dish for $1.4 billion, as well as sell some wireless spectrum, or airwaves that carry data, to Dish for $3.6 billion. …read more […]
The chairman of the Federal Trade Commission said on Monday that his agency had multiple investigations of tech platforms, in addition to its known probe of Facebook, but did not identify them. Big tech companies like Facebook, Alphabet’s Google, Amazon.com and Apple face a slew of antitrust probes by the federal government, state attorneys general and congress. It has previously been reported that the FTC’s focus was on Facebook and Amazon.com. …read more […]
A superbug, otherwise known as an antibiotic-resistant infection, can be potentially lethal. …read more […]
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him.
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.
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