Trading Ideas
Mortgage Rates May Go Even Lower in 2020, Forecast Says
Buyers should rejoice — but also prepare for bidding wars. …read more […]
Month: January 2020
Business News
Wall Street opens lower on China virus outbreak, growth worries
U.S. stocks opened lower on Tuesday, as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF stalled a record rally on Wall Street.
Trading Ideas
Trade situation is encouraging: KPMG CEO
Yahoo Finance’s Editor in Chief Andy Serwer and Alexis Christoforous speak with KPMG U.S. CEO Lynne Doughtie live at the World Economic Forum in Davos, Switzerland. …read more […]
Business News
KFC apologizes for ‘sexist’ Australian ad
KFC on Tuesday apologized for an advertisement in Australia that shows two boys ogling a woman’s breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called “sexist”.
Trading Ideas
Tesla Created Demand for Electric Cars, But Only for Teslas
(Bloomberg) — Tesla Inc.’s stock is soaring, and traditional auto manufacturers are staging glitzy presentations of new plug-in models. You’d think the electric-vehicle age was finally dawning.But so far, Tesla is the only car company looking likely to benefit in the coming years. Look at every other corner of the U.S. auto industry — the world’s most valuable automaker, dealers, consumer surveys and market forecasts — and a more ominous picture emerges.A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla’s even after Elon Musk’s epic run, recently warned of electric-car catastrophe. Auto …read more […]
Business News
Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
Saudi Arabia will pump the proceeds from last month’s listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday.
Business News
Futures lower as China virus outbreak, growth worries sour mood
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street.
Trading Ideas
Tesla Shares May Reach $960 in Early 2021, Biggest Bull Says
(Bloomberg) — Tesla Inc.’s most bullish Wall Street analyst predicts the dizzying rally in the shares of the electric-car maker will accelerate this year and trade in the $640-to-$960 range in early 2021.New Street Research analyst Pierre Ferragu anticipates the company will sell 2 million to 3 million cars per year after 2025 at industry-leading margins, justifying a market capitalization of $230 billion to $350 billion, or about $1,100 to $1,700 per share.“The stock will remain volatile, as the spread between bull and bear cases remains wide,” said Ferragu, who boosted his price target to a Street high. “And God …read more […]
Business News
Starbucks eyes plant-based food, reusable packaging in latest sustainability push
Starbucks Corp aims to add more plant-based food and drinks to its menu, make its packaging reusable and invest in better waste-management, CEO Kevin Johnson said on Tuesday, as part of the company’s latest plan to become more environmentally friendly.
Trading Ideas
U.S. CEOs say their upskilling programs are 'very effective'
Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Chairman and Senior Partner of PwC Tim Ryan live at the World Economic Forum in Davos, Switzerland. …read more […]
Business News
Halliburton takes $2.2 billion charge on shale slump
U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry.
Trading Ideas
Exec. Dir. of Greenpeace: Jamie Dimon ‘doesn't understand the risk’ of climate change
Greenpeace is calling out one of the biggest names in banking, JPMorgan Chase CEO Jamie Dimon, saying he “doesn’t understand the risk” of climate change. Yahoo Finance’s Julia La Roche and Brian Sozzi talk to Greenpeace International Executive Director Jennifer Morgan from the World Economic Forum in Davos, Switzerland. …read more […]
Trading Ideas
The risks of climate change on international business
Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Executive Vice President and General Counsel of the Marsh and McLennan companies Peter Beshar live at the World Economic Forum in Davos, Switzerland. …read more […]
Business News
China virus sends chill through markets as risks rise
Global stock markets took a hit on Tuesday as mounting concern about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
Trading Ideas
Stock market news live: Stock futures edge down slightly, World Economic Forum continues in Davos
Headlines moving the stock market in real time. …read more […]