Business News
Coronavirus fears weigh on global equity markets
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower Thursday as concern mounted about a new coronavirus outbreak in China.
Month: January 2020
Business News
M&A strong though Chinese buyers lacking: Citigroup’s Kalvaria
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns’ offer “great potential”, but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender’s institutional clients group said.
Trading Ideas
Oil Sinks to Two-Month Low as Asia Virus Threatens Demand
(Bloomberg) — Oil tumbled to a two-month low on speculation that China’s coronavirus outbreak may dent demand.Futures declined as much as 3.5% to below $55 a barrel in New York on Thursday as the world’s biggest oil importer effectively quarantined a major city to contain the SARS-like virus, which Goldman Sachs Group Inc. warned could trim global consumption. The alert has overshadowed concern over the halt of exports from Libya.“Sentiment has turned negative,” as the coronavirus is set to affect demand, said Andrew Lebow, senior partner at New York consultant Commodity Research Group.Oil is bearing the brunt of the anxiety …read more […]
Trading Ideas
P&G sales growth shy of forecasts as slowing birthrate hurts diaper sales
Shares in P&G were flat in early trading. A slowing global birthrate has hit P&G and competitors like Huggies diapers maker Kimberly-Clark , particularly in China and the United States. Pemium baby-care sales in China are up 20-30% so there are still opportunities despite the slow brithrate, Chief Operating Officer Jon Moeller said on a post-earnings call. …read more […]
Business News
Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump
Union Pacific Corp shares rose 1% after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes.
Trading Ideas
AFL-CIO President on Trump’s trade deals
Yahoo Finance’s Alexis Christoforous and Andy Serwer speak with AFL-CIO President Richard Trumka live at the World Economic Forum in Davos, Switzerland. …read more […]
Business News
Comcast takes aim at CNN with NBC-Sky global news channel: FT
Comcast’s NBC and Sky will jointly launch a global news channel taking aim at CNN, the Financial Times reported https://www.ft.com/content/cf3aafce-3d30-11ea-a01a-bae547046735 on Thursday.
Business News
P&G sales growth shy of forecasts as slowing birthrate hurts diaper sales
Procter & Gamble Co on Thursday posted quarterly sales that missed analysts’ expectations for the first time in five quarters, hurt by weakness in baby and feminine care products such as Pampers diapers and Tampax tampons.
Trading Ideas
Bloomberg, Biden could beat Trump in November: Scaramucci
Yahoo Finance’s Editor in Chief Andy Serwer and Alexis Christoforous speak with Anthony Scaramucci, Skybridge Capital Founder, live at the World Economic Forum in Davos, Switzerland. …read more […]
Business News
Healthy travel demand helps cushion 737 MAX toll for American, Southwest
Healthy travel demand should continue to cushion results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, even as the prolonged Boeing 737 MAX grounding continues to hit costs and profits.
Business News
Xerox plans to nominate 11 directors to HP’s board
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc’s board, setting the stage for a proxy fight after the personal computer maker rebuffed its $33.5 billion takeover offer.
Business News
Wall Street opens lower on virus scare, mixed earnings
U.S. stocks opened lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, while a mixed bag of results added to the dour sentiment.
Trading Ideas
Stock market news live: Stocks fall as earnings disappoint, China works to contain coronavirus
Headlines moving the stock market in real time. …read more […]
Trading Ideas
A Tale of 3 Healthcare Stocks – 2 to Buy, and 1 to Sell
When investment bank Oppenheimer talks, investors listen — or they should.One of the 10 top performing research firms tracked by TipRanks, 61% of Oppenheimer’s stock picks have “worked” historically, producing positive returns for investors. In fact, on average, these picks have generated positive returns approaching 12%, and well ahead of the stock market’s long term 10% average returns.And spread across a field of nearly 11,000 stock picks over more than a decade, that’s no fluke.So when Oppenheimer announced on Wednesday that it’s taken a good hard look at the healthcare industry, and come up with two stocks it’s confident it …read more […]
Business News
China virus concerns, mixed earnings dampen Wall St mood
Wall Street was set to open lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, while a mixed bag of results added to the dour sentiment.