Wall Street gained ground and the Nasdaq reached a new record on Monday as Chinese workers and factories slowly returned to business following a Lunar New Year holiday that was extended due to the deadly coronavirus outbreak.
New data obtained by Yahoo Finance show Nevada, Wisconsin and Michigan are suffering the worst damage from Trump’s protectionist trade policy. Other key states are hurting too. …read more […]
It’s been a pretty great week for Twitter, Inc. (NYSE:TWTR) shareholders, with its shares surging 14% to US$37.03 in… …read more […]
Aurora Cannabis (ACB) announced it was going to cut 500 jobs, with 25 percent of them being corporate positions, while taking impairment charges of about $752.79 million. It also announced CEO Terry Booth would be stepping down from his position, with executive chairman Michael Singer taking over leadership of the company until a new CEO is found.In this article we’ll look at what Booth stepping down could mean for the strategy of the company going forward.Long-Term Position on Cash InfusionThe position of Aurora Cannabis for some time has been to resist the idea of getting a huge cash infusion from …read more […]
Deutsche Bank said on Monday it would issue at least $1 billion in Additional Tier 1 (AT1) securities as the bank manages its regulatory capital requirements.
(Bloomberg) — The Department of Justice announced charges Monday against four members of China’s People’s Liberation Army for the 2017 hack of Equifax Inc., a breach that exposed the personal information of about 145 million Americans.The announcement by Attorney General William Barr follows an indictment in Atlanta accusing the Chinese military personnel of conspiring with each other to hack into Equifax’s network and stealing sensitive data on nearly half of all U.S. citizens.“This was a deliberate and sweeping intrusion into the private information of the American people,” Barr said in a statement. “Today, we hold PLA hackers accountable for their …read more […]
Tyson Foods, Inc. (NYSE:TSN) just released its latest quarterly report and things are not looking great. Results look… …read more […]
A U.S. appeals court on Monday denied a request by Apple Inc that it reconsider a decision upholding a finding Apple iPhones infringed VirnetX Holding Corp patents relating to secure communications technology.
Democratic Presidential hopeful Mike Bloomberg is the only candidate who beats President Trump in a new poll of small business owners. …read more […]
(Bloomberg) — Few people are in a position to influence Jamie Dimon, the chief executive who turned JPMorgan Chase & Co. into the biggest U.S. bank. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them.Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board after Dimon. He has occupied his seat for 33 years, making him both the longest-serving and oldest director among Wall Street’s biggest banks. He helped guide JPMorgan through mega-mergers after mastering them at Exxon, backed Dimon during his rise and has stood by him. …read more […]
HuffPost Senior Editor Lauren Moraski joins On The Move to break down the biggest winners and losers of the 92nd Academy Awards. …read more […]
(Bloomberg) — Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAngloGold Ashanti Ltd. has picked Harmony Gold Mining Co. as the buyer for its last remaining South African operations, according to people familiar with the matter.The two companies are still finalizing the exact terms of the deal for the Mponeng mine and surface facilities, said the people, who asked not to be identified because the information is private.AngloGold is selling the assets as Chief Executive Officer Kelvin Dushnisky focuses on more profitable mines in Ghana, Australia and the Americas. Harmony — backed by billionaire Patrice Motsepe’s …read more […]
It’s tempting – really, it is – to just put your investment money into the big-name stocks. After all, they generate the headlines, and they generate some spectacular results. Apple, Microsoft, Amazon, and Google parent Alphabet have all broken above $1 trillion market cap. But the big names aren’t the only ones showing great returns.It’s possible to find smaller stocks with big upsides. Small- and mid-cap companies don’t get the headlines and coverage of the trillion-dollar giants, but smart investors can find powerful returns in this category. We’ve used the TipRanks’ Stock Screener tool to sort through the database and …read more […]
Apple’s main iPhone maker Foxconn got the green light on Monday to reopen two major plants in China closed because of the coronavirus and aims to resume production even though only 10% of the workforce has returned so far, a source told Reuters.
Oil prices fell to their lowest since January 2019 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
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