U.S. Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will “bottom out” in the second quarter and start to improve with the third quarter, with a “gigantic increase” in fourth quarter activity.
Victoria’s Secret parent company L Brands reported a 37% drop in sales in its first-quarter earnings report. Yahoo Finance’s Brian Sozzi joins the On The Move panel to discuss how retailers are faring during the virus outbreak. …read more […]
Pharmaceutical company AstraZeneca secures $1.2 billon to produce the University of Oxford’s COVID-19 vaccine. Yahoo Finance’s Anjalee Khemlani breaks down the latest developments. …read more […]
International Business Machine (NYSE: IBM) is a stable, technology company. As a result, IBM’s dividend history is long and has shown steady growth. For a short time, even Warren Buffett invested in the company. And since his exit, the dividend yield has climbed, along with the payout ratio.
Now, an important question… is IBM’s high dividend yield safe? For an answer, let’s look at historical data and trends, as well as a company overview.
Also, before we dive into that, feel free check out our Investment Calculator. It shows how big your investment or portfolio can grow after five, 10 or 20 …read more […]
Stocks were lower Thursday, giving back some gains that on Wednesday sent the S&P 500 to its highest level since early March. Investors eyed a number of mixed corporate earnings results and economic data releases, along with states’ ongoing reopening processes. …read more […]
Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that it is too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program.
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.
Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy.
BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended the size of the company’s large board.
Morgan Stanley’s Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of directors to consider reinstating bank’s share buy back program.
Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and auto showrooms to resume operations by appointment.
The number of Americans claiming unemployment benefits rose again last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
The S&P 500 index was largely unchanged on Thursday as growing U.S.-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset by an upbeat outlook from retailer TJX.
U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and broader economy, undercutting demand for housing.
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