Payments giant Fiserv Inc said Thursday that Frank Bisignano would become the company’s chief executive on July 1, with long-time head Jeffery Yabuki remaining on as executive chairman until the end of the year.
Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic. Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday. “Even with the early signs that demand is beginning to stabilise, inventory builds are likely to continue for some time, and storage capacity (usage) continues to creep up,” said Stephen Innes, chief market strategist at AxiCorp. …read more […]
Lyft will require both passengers and drivers to wear masks and complete a health certification program, including confirming before each ride that they are not displaying symptoms associated with the novel coronavirus, the company said on Thursday.
Facebank Group, Inc. d/b/a fuboTV (OTCQB: FUBO) announced today that Co-founder & CEO David Gandler will be featured on a video webcast hosted by Canaccord Genuity analyst Maria Ripps on May 11, 2020. The presentation […]
Beyond Meat (BYND) served up a tasty alternative dish in its earnings report on Tuesday. Somewhat surprising the market, the plant-based meat pioneer posted beats both on top and bottom line. Investors reacted in glee and sent the stock up 25% after scouring the print.Here’s a quick recap: BYND reported revenue of $97.07 million, beating the estimates by $9.97 million while exhibiting year-over-year growth 141.4%. The company, surprisingly, even reported a profit; net income came in at $1.8 million, compared to the $6.6 million net loss in the same period last year – amounting to EPS of $0.03 and beating …read more […]
(Bloomberg) — The U.S. Justice Department is investigating meatpacking companies for possible antitrust violations, according to a person familiar with the matter, as the industry comes under scrutiny over plant shutdowns that have disrupted the supply of meat.The antitrust probe is in the early stages and began before the coronavirus outbreak spread across the U.S., said the person, who declined to be named because the investigation is confidential.Meatpacking is highly consolidated with four companies — Tyson Foods Inc., JBS SA, Cargill Inc. and National Beef Inc. — controlling about 80% of the U.S. beef processing market. Their dominance has sparked …read more […]
The runaway success of Nintendo Co Ltd’s island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console – it lacks upcoming titles.
Japan’s Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.
Asian stocks were set to track Wall Street gains on Friday, after upbeat corporate earnings took the focus off upcoming data that is expected show the worst U.S. unemployment rate in more than 70 years.
On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its 67 stores.
Stress has been mounting for Latin American airlines as carriers brace for a slow recovery from the coronavirus pandemic, but Brazil’s government on Thursday reduced the loan aid available for carriers, while Panama’s Copa Airlines said it did not need a bailout.
Uber Technologies Inc’s ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes.
As the financial crisis unfolded in 2008 and Wall Street collapsed, Steve Eisman loved every minute of it. Eisman was one of the main characters portrayed in the Michael Lewis book The Big Short.
The book (and the Oscar-nominated movie) focused on the handful of brilliant investors who scored windfall profits by betting against Wall Street before the housing bubble burst.
Eisman is and always has been a maverick. For decades, he considered himself an outsider because he found how most of Wall Street operated to be distasteful. He is a man obsessed with honesty and integrity in a world where people …read more […]
Oftentimes, when a company issues stock, its share price plunges…
This is usually a sign of weakness – a company that needs capital to continue operations. And that money does not come cheap.
In fact, for small caps and microcaps, that money might come at a 15% to 40% discount to the market price. And the shares should soon follow lower. After all, if the company is willing to take a haircut, why should you as a shareholder be willing to hang on at higher prices?
If you’re in the right situation – in the right company – a capital raise might be …read more […]
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