Lumentum Holdings Inc. (NASDAQ: LITE) Q4 2020 Earning Highlights Alan Lowe, CEO “…The fourth quarter capped off another record fiscal year. Earlier this month, we celebrated our fifth anniversary of being a stand-alone […]
Meanwhile, turnaround plans continue for the Coach, Kate Spade and Stuart Weitzman parent company. …read more […]
Thermo Fisher had in July sweetened its offer, valuing the company at 11.3 billion euros ($13.38 billion) after pressure from some Qiagen investors, particularly after the German firm said it was seeing strong demand for products related to coronavirus testing. Thermo Fisher said the number of Qiagen shares tendered into the offer fell short of its threshold of 66.67%. As part of the sweetened offer, Thermo Fisher had reduced the minimum acceptance threshold from 75% of outstanding ordinary share capital. …read more […]
The S&P 500 briefly topped its February record closing high during Wednesday’s regular session. …read more […]
(Bloomberg Opinion) — The long-running trade dispute between Boeing Co. and Airbus SE has been a source of political grandstanding for years, but with the U.S.’s aggression reaching new levels of hypocrisy, the time may finally be right for a settlement. The U.S. Trade Representative’s office announced late Wednesday that it was leaving tariffs on $7.5 billion of imports because the European Union had not yet taken enough action to comply with a World Trade Organization ruling on illegal subsidies for Airbus. The U.S. is taking certain products from Greece and the U.K. off the list of items subject to …read more […]
It’s easy to hate the rich. They can afford things others can’t. Better clothes. Better food. Better healthcare.
All because they were born with a silver spoon in their mouth…
Right?
Actually, no. The percentage of wealth that is inherited is actually quite low.
Ordinary folks become millionaires every day, either through savvy business dealings or – gasp! – the stock market.
In fact, 70% of the folks who make up the Forbes 400 are self-made.
Unfortunately, that doesn’t fit into the current narrative that capitalism is a rigged system. It’s better, say the folks in charge, if you lean back and let the government handle …read more […]
Top news and what to watch in the markets on Thursday, August 13, 2020. …read more […]
VANCOUVER, BC and ERIE Pa., Aug. …read more […]
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower global oil demand this year by 8.1 million barrels per day (bpd). The Paris-based IEA slashed its 2020 outlook by 140,000 bpd to 91.9 million bpd, its first downgrade in several months. “Jet fuel demand remains the major source of weakness,” the IEA said in its monthly report. …read more […]
(Bloomberg) — Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly reviewfollowing the collapse of the payments company amid allegations of accounting fraud.The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favored immediate removal of bankrupt companies from the index, rather than waiting for the review.Delivery Hero AG is seen as the most likely candidate to take the spot among Germany’s most valuable companies, according to the latest index ranking list.“According to the new rules, insolvent companies shall be removed from the DAX …read more […]
(Bloomberg Opinion) — The months since coronavirus swept the world have been a bumper period for listed companies selling more stock.This isn’t yet on par with the amount of capital banks had to raise after the financial crisis, but it’s a welcome change. A business with a bigger equity buffer provides comfort in troubled times — more so than being hooked on debt, which must be repaid. Until recently, companies were hellbent on shrinking their share counts via stock buybacks, or they’ve delisted entirely following a debt-funded takeover or buyout. Citi analysts dubbed the trend “de-equitization.”“Re-equitization” is just getting started. …read more […]
boohoo group plc’s (LON:BOO) price-to-earnings (or “P/E”) ratio of 58x might make it look like a strong sell right now… …read more […]
(Bloomberg) — Gold headed for back-to-back gains following wild swings as investors weighed the outlook for the metal’s record-setting rally, tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite.Spot bullion climbed, while futures were little changed. This comes after prices tumbled on Tuesday, then swung in a wide arc on Wednesday, as last-week’s rally likely spurred some technical selling and profit-taking. Meanwhile, most Asian stocks advanced Thursday and were on course to erase this year’s declines as the global equity rally that’s driven shares higher since March continued to strengthen.Gold and silver have …read more […]
Will more restaurants close or file for bankruptcy amid COVID-19? Chains like Outback, Applebee’s and IHOP are most at risk for not paying back debts. …read more […]
The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies. U.S. Trade Representative Robert Lighthizer (USTR) said the EU had not taken actions necessary to come into compliance with World Trade Organization decisions, and Washington would initiate a new process to try to reach a long-term solution. …read more […]
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