Business News
Roku tries Fox Super Bowl play but stock loses yardage
Shares of Roku tumbled 7% on Friday after the streaming video company told customers it was removing Fox channels from its platform ahead of Sunday’s Super Bowl broadcast.
Month: January 2020
Business News
Exxon, Chevron results augur tough year ahead, shares drop 3.5%
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year.
Business News
New York health commissioner says no confirmed coronavirus case in NYC
Reuters) – New York Health commissioner said on Friday there were no confirmed cases of coronavirus in the city.
Business News
Oil slides as virus outbreak shakes economic growth predictions
Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
Trading Ideas
Exxon, Chevron results augur tough year ahead, shares drop 3.5%
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signalling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, natural gas, chemicals and fuel production. “There’s no silver bullet on improving returns in a flat commodity price environment,” said Chevron Chief Executive Mike Wirth. …read more […]
Trading Ideas
Luckin Coffee shares fall after report of alleged fraud
Shares of Luckin Coffee, fall on an unconfirmed report from a short seller at Muddy Waters Research that the brand was fabricating its financial and operating figures. Yahoo Finance’s Julie Hyman breaks it down on On The Move. …read more […]
Trading Ideas
6 Underperforming Stocks With a High Dividend Yield
POSCO and CenturyLink on the list Continue reading… …read more […]
Business News
Russia reports first coronavirus cases, restricts China air travel
Russia reported its first two cases of coronavirus on Friday and restricted direct flights to China, its biggest trade partner, as Russians complained of rising prices for medical masks and anti-virus medicine.
Business News
China raps ‘mean’ U.S. for travel warning as virus toll reaches 213
The United States drew China’s wrath with a travel warning on Friday while businesses struggled with supply problems from the coronavirus epidemic that has killed 213 people and been declared a global emergency.
Business News
Travelex recovers UK website after ransomware hit
Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year holidaymakers and business travelers.
Business News
IBM’s ‘surprise’ CEO: Arvind Krishna to take over from Ginni Rometty
International Business Machines Corp’s Ginni Rometty, the first woman chief executive of the tech pioneer, will be replaced in April by the head of its fast-growing cloud business, Arvind Krishna.
Trading Ideas
Exxon, Chevron results augur tough year ahead, shares drop 3%
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, chemicals and fuel production. Shares of Exxon and Chevron were both at least 3% lower in morning trade on the results and worries about slowing global economic growth. …read more […]
Business News
UBS Europe probed in Italy in asset manager fraud investigatio: sources
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into smaller asset manager Sofia SGR, two sources with direct knowledge of the matter said.
Trading Ideas
Loncar Investments CEO on coronavirus vaccine: ‘avoid it altogether’
Over 200 people have died from the coronavirus, with nearly 10,000 confirmed cases. Loncar Investments CEO Brad Loncar warns the public about the coronavirus vaccine, saying to “avoid it altogether”. He joins Yahoo Finance’s On the Move panel to discuss. …read more […]
Business News
Oil eases as virus outbreak shakes economic growth predictions
Oil prices were little changed on Friday but were on track for a fourth straight weekly loss, on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.