Month: August 2020

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On this episode of Yahoo Finance Presents, Levi Strauss & Co. President and CEO Chip Bergh sat down with Yahoo Finance’s Brian Sozzi to discuss the company’s activity during the coronavirus pandemic, including dispelling the myth of “athleisure” wear affecting sales, the looming uncertainty of the “back to school” clothes shopping season, consumer behavior during COVID-19, as well as future plans for both products and retail and brand expansion. …read more […]

Marriott’s shares, down 40.3% this year, fell 3.8% in premarket trading as the company also reported an 84.4% plunge in revenue per available room (RevPAR) – a key performance measure for the hotel industry. “While our business continues to be profoundly impacted by COVID-19, we are seeing steady signs of demand returning”, Marriott Chief Executive Officer Arne Sorenson said in a statement. Marriott last reported a quarterly loss in the third quarter of 2011. …read more […]

It might be of some concern to shareholders to see the Axon Enterprise, Inc. (NASDAQ:AAXN) share price down 13% in the… …read more […]

Hong Kong police arrested media mogul Jimmy Lai on allegations of foreign collusion under China’s national security law. Video of the businessman being led away from his residence in handcuffs are stoking fears among media companies in the territory. Photo: Vernon Yuen/Shutterstock …read more […]

If you want to know who really controls Apple Inc. (NASDAQ:AAPL), then you’ll have to look at the makeup of its share… …read more […]

Gold is up… bonds are up… and stocks are up.
Sounds like we were right. Diversification is dead.
It turns out that when we let things run wild… the wild does funny things.
It’s true in stocks and life.
We had a professional ballroom dancer stop by the farm last week. “It’s hard to dance when we’re not allowed within 6 feet of each other,” she told us. “And even if we could, we can’t get an audience.”
So she’s doing the next best thing for a person with a master’s degree in dance… She’s foraging for food.
I’ll Eat That
That’s right. She wants to use …read more […]

Top news and what to watch in the markets on Monday, August 10, 2020. …read more […]

Mavin has been addicted to heroin for decades. To pay for his habit he’s found what he says is the easiest way to earn money, sweeping floors in gold shops. But rather than being paid to do the job, he’s the one who has to pay the shop owners. The dust he sweeps up is how he can afford his “medicine”.

The Sri Lankan government runs rehabilitation centres for those who suffer from substance abuse and dependency under the Bureau of Commissioner General Rehabilitation. There are also other… …read more […]

Autonomous-vehicle road testing has skidded to a halt in the U.S. amid the Covid-19 pandemic. But China’s startups have pushed ahead by more than doubling the number of self-driving car projects, with a boost from the country’s 5G network. Photo: Lorenz Huber for The Wall Street Journal …read more […]

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Aug.10 — China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members of the Trump administration. Those sanctioned include Senators Marco Rubio, Ted Cruz, Tom Cotton and Pat Toomey. Karen Leigh reports on “Bloomberg Surveillance.” …read more […]

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Microsoft Corp has emerged as the most likely buyer of the U.S. operations of TikTok, the popular Chinese short-video app that U.S. President Donald Trump is preparing to effectively ban on national security grounds. A deal would be in line with Microsoft’s stance toward China where the firm has a sizeable presence – unlike fellow U.S. tech heavyweights such as Facebook Inc and Alphabet Inc’s Google which appear to have given up on China’s consumer-facing market with its miscellany of government strictures. The country accounts for over $2 billion in annual revenue, Microsoft President Brad …read more […]

The messaging platform has approached under-fire TikTok about a possible deal, according to reports. …read more […]