Gap Inc on Thursday called off a plan to spin-off its Old Navy brand and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped earnings, sending its shares up about 6%.
The spotlight on Friday will be on the housing market and industrial sector. …read more […]
Bombardier, which sold control of the A220 program to Airbus in 2018 for a token Canadian dollar as part of broader efforts to improve its financial footing, said the venture needed more investment and might be subject to a writedown during fourth-quarter results next month. Bombardier also said it is “reassessing” its minority stake in the A220 jet program, which will require additional cash to ramp up production. …read more […]
Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday.
Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field.
Apparel retailer Gap Inc on Thursday called off a plan to spin-off its Old Navy brand due to weak business performance, costs and the complexity of splitting into two.
I’m frequently asked how markets do during a presidential election year.
Looking back through history, there are certain trends in the markets during the first, second, third and fourth years of a presidential term.
Market watchers forecast based on how history repeats itself during these cycles. So today, I’ll focus on what tends to happen in the fourth year of a presidential term.
Since 1952, the Stock Trader’s Almanac tells us, the Dow has returned 10.1% on average when a sitting president has run for reelection.
(Of course, there is no crystal ball for the market. Past performance is no indicator of future performance. …read more […]
New investment terms are showing up every day. Some of them fade but the one we’re about to review is becoming more common. As the market continues to grow, so will the number of investment unicorns. That’s why I’ve put together this short guide and a list of unicorn startups.
What is an Investment Unicorn?
An investment unicorn is a privately held startup that’s climbed to a valuation of at least a $1 billion. And most unicorns have come from the tech sector thanks to their ability to scale their business. For example, unicorns like Airbnb and Robinhood can reach millions of …read more […]
The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley.
The public market capitalization of Google parent Alphabet topped the $1 trillion mark shortly before the close of trading on Thursday, making it the fourth S&P 500 component to top the lofty level.
As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains.
A business development company, or BDC, is a unique class of company that operates much like a private equity firm but with many of the same oversight requirements as a publicly-traded stock. Profits from loans and other investments are delivered to shareholders via regular and generous dividends but without the constraints of conventional private equity funds. Also, current low interest rates allow them to access capital cheaply while a surging U.S. economy means a tailwind behind their investments. …read more […]
Comcast Corp’s NBCUniversal will provide details on its planned Peacock video streaming service on Thursday, taking on industry leader Netflix Inc and others in the highly competitive field.
The cannabis sector is on fire – in a good way!
What a difference a couple of months can make. Back in November and December, pot stocks were getting killed across the board.
The thinking now is that these stocks have bottomed – and that they’ll no longer decrease significantly.
It’s important to know that what happened with pot stocks is actually a game Wall Street plays all the time – and you need to know how to interpret it.
Let me explain…
To start, brokers hype up companies, which leads to an increase in share value of those companies. Then the hype fades and …read more […]
Tesla shares tumbled on Thursday, after Morgan Stanley downgraded the electric carmaker’s stock to ‘underweight’ from ‘equal-weight,’ citing concerns over its China business. Yahoo Finance Editor-in-Chief Andy Serwer joins The Final Round to discuss. …read more […]
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