Tesla Inc has reached a settlement with Michigan to allow the electric-car maker to directly deliver its vehicles to customers in the state, a person familiar with the agreement said on Tuesday.
Billionaires at Davos’ World Economic Forum are harboring a “dirty little secret” about the U.S. presidential election in November, according to Niall Ferguson, Senior Fellow at Stanford University’s Hoover Institution. …read more […]
In the 1999 film Arlington Road, Jeff Bridges plays a professor who becomes obsessed with investigating his neighbors. After several plot twists, Bridges’ character becomes a suspect in a terrorism investigation.
“They have to put a face on it… to tell a story,” he says with resignation.
That line got me wondering: Who is the face of the stock market?
At various points, different people have embodied the stock market, putting a human face on what can often be a mysterious and indescribable beast.
For example, Alan Greenspan was the face of the market in the 1990s and early 2000s. As chairman of …read more […]
The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing comparisons to the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak in order to assess its potential economic impact.
Risk assets took a hit across the globe on Tuesday, while the Japanese yen and U.S. Treasury prices gained, as financial markets reacted to mounting concern about a new strain of flu-like virus out of China.
United Airlines Holdings Inc on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strategy overseen by its outgoing CEO underpinning growth even as the Boeing 737 MAX remains grounded.
United Airlines Holdings Inc on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strategy overseen by its outgoing CEO underpinning growth even as the Boeing 737 MAX remains grounded. Chicago-based United is one of three U.S. airlines cancelling more than 1,000 monthly flights in a hit to profits as the 737 MAX remains grounded following two deadly crashes in Indonesia and Ethiopia. Boeing said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year, longer than previously …read more […]
Netflix Inc added more subscribers than expected in the fourth quarter, but membership growth lagged in the United States and Canada due to stiff competition and pricing changes, sending shares down 1.6% in extended trading.
The streaming giant, which had set aside $19 billion for content last year, is losing popular shows to new rivals, including 90s hit sitcom “Friends” that will move to AT&T Inc’s upcoming streaming platform HBO Max. Content from Comcast Corp, Disney, Fox and AT&T Inc-owned Warner Brothers accounted for more than half of Netflix’s viewing hours in 2019, according to Wedbush analysts. Netflix, which helped create the category of binge-watching, said on Tuesday it added 420,000 U.S. subscribers, below market estimates of 659,600, according to IBES data from Refinitiv. …read more […]
International Business Machines Corp on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business. Revenue from the cloud business, which is crucial as IBM pivots away from its established businesses including mainframe servers, rose 21% to $6.8 billion in the fourth quarter ended Dec. 31. Over the past few years, Chief Executive Officer Ginni Rometty has been trying to shift the company’s focus to the cloud through acquisitions and also by selling some of IBM’s legacy businesses. …read more […]
Fast-food chain Krystal has filed for Chapter 11 bankruptcy protection despite efforts to shore up its bottom line by closing dozens of restaurants. …read more […]
Tesla Inc has reached a settlement with Michigan to allow the electric carmaker to directly sell vehicles in the state, a person familiar with the agreement said on Tuesday.
The Fed has delivered its third rate reduction within three months. See how and when it will affect you. …read more […]
You may not have billions to lose, but you can still learn from these family misfortunes. …read more […]
Netflix leads all studios for Academy Award nominations this year with 24. But do awards really matter for the streaming company’s business? …read more […]
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