Month: September 2020

Fedex released its first quarter earnings report after hours on Tuesday, beating investors’ expectations on both revenue and earnings per share. The company said that it would not be sharing any earnings forecast for the 2021 fiscal year, but announced that shipping rates for both ground and home delivery will increase by an average of 4.9% starting in January. Yahoo Finance’s Myles Udland breaks down the shipping company’s earnings report on The Final Round. …read more […]

(Bloomberg) — Kohl’s Corp. is slashing its corporate workforce by about 15% in a bid to rein in expenses as retail sales fail to recover to pre-pandemic levels.The chain said the cuts will save it about $65 million a year. It will record a pretax charge of about $23 million, mostly in the third quarter, related to the layoffs and related cost savings. Kohl’s didn’t say how many workers would be affected. Retailers across the board have been taking steps to cut costs, especially in the back office, as they grapple with sudden and dramatic changes in consumer spending during …read more […]

On Tuesday, Hindenburg Research released its response to Nikola’s statements about its fraudulent claims, saying the electric car company did not provide enough evidence to mitigate its skepticism. Yahoo Finance’s Alexis Keenan joins The Final Round panel to break down the charges and the case. …read more […]

(Bloomberg) — A U.S. national security panel reviewing Oracle Corp.’s bid for TikTok is meeting Tuesday afternoon to decide whether to recommend the president approve or reject the deal, according to two people familiar with the matter.Oracle’s proposal lacks the payment to the U.S. government that President Donald Trump has insisted be the condition of any deal, according to two people familiar with the plan. Yet the company will try to use the promise of creating 20,000 new jobs through the popular video app as a way to win his approval.Treasury Secretary Steven Mnuchin, who has played a central role …read more […]

Peloton shares initially dropped after tech giant Apple announced its Fitness + app for the Apple Watch and iPhone with exercise videos. The service will provide exercise videos that users can follow on their devices. …read more […]

President Donald Trump reiterated his belief that a coronavirus vaccine may arrive before Election Day, even as top administration health officials have rebuffed such a timeline. …read more […]

Planning your retirement party for age 65 just like everyone else? Why not beat them to the punch? Why not retire at 60? Most people laugh at the idea and think they’re lucky to retire at 65, but the fact is, early retirement is a real possibility for anyone who has the discipline to reach their goals ahead of schedule. You don’t need to move heaven and earth to retire five years earlier than you planned. You need a better plan.
Retiring a few years early means taking control over your finances and making good decisions about where you put …read more […]

(Bloomberg) — Stripe Inc. plans to make a one-time payment of $20,000 to employees who opt to move out of San Francisco, New York or Seattle, but also cut their base salary by as much as 10%, according to a person familiar with the matter.The payments processor will make the offer available to workers who choose to relocate before the end of the year, said the person, who asked to remain anonymous to discuss private details. But employees opting to move may have to relinquish some of their base pay.The new policy adds Stripe to the list of technology companies …read more […]

Yahoo Finance’s Emily McCormick joins Akiko Fujita to break down why Carnival shares are slumping as the cruise line company faces more headwinds from the coronavirus pandemic. …read more […]

R “Ray” Wang, Constellation Research Principal Analyst & Founder joins Yahoo Finance’s Akiko Fujita to break down the latest product and offerings from Tuesday’s Apple Event. …read more […]

Apple has gone deep into subscriptions and unveiled a new fitness offering and new bundle for Apple enthusiasts called Apple One that starts at $14.95/mo. …read more […]

Most U.S. investors know about the 1929 stock market crash.
Yet history has all but forgotten another financial crash that happened in the mid-1920s far from Wall Street…
The great Florida property bubble.
Like all bubbles, the Florida property boom consisted of three elements: a compelling story, a roaring boom and the inevitably painful bust.
History is chock-full of investment bubbles. And they are more similar than you may think.

Click here to watch Nicholas’ latest video update.
Understanding the dynamics behind financial booms and busts is one of the most important things you can do as an investor.
And there is no better way to do …read more […]

Trader and registered investment advisor Joe Fahmy, Zor Capital Managing Director, joins Yahoo Finance’s Jared Blikre to discuss the conditions under which Apple (AAPL) stock becomes a buy.

Not a subscriber to Yahoo Finance Premium? Start your free trial to join future webinars live! …read more […]

On Tuesday afternoon at its live product event from Cupertino, California, its first major live event since WWDC in June, Apple unveiled the new generations of iPad and iPad Air. The new iPad 8 has an A12 Bionic chip, which Apple says provides a 40% faster CPU than iPad 7 and twice the graphics capability, and a Neural Engine, the first of the entry-level iPad line to get it. The iPadOS 14 software works with the Apple Pencil accessory to convert handwriting in any field into typed text in real time. …read more […]

The coronavirus pandemic crisis dealt a hard blow to the airline industry. Disruptions to trade and travel, social lockdown policies, and increased border restrictions were only the beginning of the troubles. Even though income collapsed, the airlines still had to maintain aircraft and hangars, pay leases on equipment and airport space, and meet their debts.But the virus is starting to wane, and economies are coming back – and travel is starting to resume. The big question for the airlines is how many people are willing to book flights? There is no doubt that the pandemic will have cost the industry …read more […]