Stock futures ticked up Wednesday evening, paring some losses after a selloff during the regular session sent the Nasdaq back into negative territory for the year to date. The S&P 500 closed at its lowest level since April 23. …read more […]
(Bloomberg) — One of San Francisco’s oldest churches has joined the chorus of complaints that Zooming is not safe — with a lawsuit claiming its bible study class was “Zoombombed” with pornography.“The footages were sick and sickening — portraying adults engaging in sex acts with each other and performing sex acts on infants and children, in addition to physically abusing them,” according to the complaint filed Wednesday in federal court.Immediately after shutting down the virtual class, whose participants were mostly senior citizens, the administrator of Saint Paulus Lutheran Church reached out to Zoom Video Communications Inc. for help, “but Zoom …read more […]
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday.
What does it take to be the best? On Wall Street, it takes a sharp eye for stocks and a clear view of what makes a winning investment – and not every analyst has that.Glenn Greene, writing on the technology sector for Oppenheimer, is one of the select few analysts to rate five stars from TipRanks. Ranked 3 overall, out of 6,546 rated analysts, Greene’s recommendations have a success rate of 81%. Even better, for the investors who follow him, Greene’s calls have brought an average return of 20.4%. With this in mind, we wanted to take a closer look …read more […]
While telemedicine has been a popular field in light of COVID-19, teledentistry company Smile Direct Club was not immune from fielding losses due to the pandemic. The company reported a miss on their first quarter earnings, with sales hitting $196.65 million versus an estimate of $219.52 million. The Final Round panel discusses the numbers. …read more […]
On Wednesday, reported third-quarter net income of $2.8 billion, or $0.65 a share, as revenue declined 8% to $12 billion from $12.96 billion year-over-year. The company also said 95% of its global workforce is working from home amid the coronavirus pandemic. Myles Udland breaks down Cisco’s quarterly results on The Final Round. …read more […]
The Oxford Club’s Chief Income Strategist, Marc Lichtenfeld, takes a look at Pembina stock and its dividend safety rating.
A little more than a year ago, I wrote that Pembina Pipeline (NYSE: PBA) would earn a dividend safety upgrade if 2019’s free cash flow projection was on the mark.
It wasn’t. Not even close.
In March 2019, the Canadian pipeline company was forecast to generate CA$1.44 billion in free cash flow. Instead, it generated just CA$887 million while paying out CA$1.32 billion in dividends.
In other words, it paid out CA$1.48 in dividends for every CA$1 in free cash flow.
This year, free cash flow …read more […]
The U.S. economy lost a record 20.537 million jobs in April and not 20.5 million as reported last Friday, according to revised data published by the Labor Department this week.
French drugmaker Sanofi SA said on Wednesday that it is working with European regulators to speed up access to a potential coronavirus vaccine in Europe after its chief executive suggested Americans would likely get the vaccine first.
Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive up to 2.4 billion reais ($412 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, in a mix of cash and credits.
Federal Reserve Chair Jerome Powell had a clear message to interest rate futures traders on Wednesday: Bets the U.S. central bank is headed toward a negative interest-rate policy are off-base.
President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
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