Aerolineas Argentinas will add new flights to New York and Madrid as the government-controlled carrier seeks to ramp up sales outside its home country and boost income in an effort to beat back persistent operating losses.
After a stock endures a beating from the public market, it can be tempting to abandon ship. As any seasoned investor knows, if a stock has fallen from grace and is trading at lower levels, there could be a good reason. Whether it be overwhelming recent obstacles or poor underlying fundamentals, all have the potential to hamper a company’s long-term growth prospects and keep them down in the dumps.By the same token, stocks that have been hit hard can present investors with an attractive entry-point before they take off and shoot for the moon. So, how are investors supposed to …read more […]
Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health.
A driver killed in a March 2018 Tesla autopilot crash in California reported previously that the vehicle steered toward an area off the highway on prior trips, the National Transportation Safety Board (NTSB) disclosed in documents made public Tuesday.
The oil and gas producer said in early January that it would cut its majority stake in pipeline operator Western Midstream to less than 50% in 2020, as it seeks to reduce its debt that ballooned with the Anadarko deal. The company has been selling assets and cutting costs since it outbid Chevron Corp for Anadarko, quadrupling its debt to $40 billion. …read more […]
Maxine Waters, House Committee on Financial Services Majority Leader, questions Federal Reserve Chairman Jerome Powell during his testimony on Capitol Hill. …read more […]
(Bloomberg) — Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York.Total U.S. household debt rose by $601 billion in the fourth quarter, or 1.4%, surpassing $14 trillion for the first time, the New York Fed’s quarterly household credit and debt report showed. That’s $1.5 trillion above the previous peak in the third quarter of 2008. Overall household debt is now 26.8% above the second-quarter 2013 trough.Mortgage borrowing rose by $120 billion to $9.56 …read more […]
China mandated more quarantines within its borders on Tuesday, as the coronavirus outbreak continued its inexorable spread, claiming lives and infecting more citizens beyond the mainland. …read more […]
Boeing Co scored no new orders for airplanes last month, the first time it has come up empty-handed in January since 1962, as the U.S. planemaker’s once best-selling jet, the 737 MAX, remained grounded following two fatal crashes.
The House Budget Committee Chairman called President Trump’s budget proposal “irrational and destructive.” …read more […]
WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.
Tesla investors unload. …read more […]
The S&P 500 and the Nasdaq indexes hit record highs on Tuesday as a top Chinese health adviser sparked expectations that the coronavirus outbreak may be peaking, while T-Mobile shares jumped after a federal judge approved its purchase of Sprint.
(Bloomberg) — T-Mobile US Inc. is poised to close its long-sought merger with Sprint Corp., a deal that will reshape the U.S. wireless industry, after winning approval from a federal judge who rejected a state lawsuit against the tie-up.The two companies said Tuesday they expect to close as soon as April 1 after U.S. District Court Judge Victor Marrero in Manhattan said the states failed to persuade him that a merger of the No. 3 and 4 carriers would harm consumers.“Today was a huge victory for this merger,” T-Mobile Chief Executive Officer John Legere said in a statement. “We are …read more […]
Investors in Philip Morris International Inc. (NYSE:PM) had a good week, as its shares rose 6.2% to close at US$88.75… …read more […]
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