Month: October 2020

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Many people are making these money moves right now. Should you? …read more […]

Yahoo Finance’s Emily McCormick and Kristin Myers discuss Boeing’s quarterly earnings as the company warns of layoffs. …read more […]

The S&P 500 and the Dow slumped on Wednesday to their lowest levels since late September, as coronavirus cases climbed globally and investors also worried about the possiblity of a contested U.S. presidential election next week. A spiraling pandemic and the failure to approve new fiscal stimulus before the Nov. 3 election put the blue-chip Dow on track to close at its lowest since early August. …read more […]

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that… …read more […]

When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares… …read more […]

In a brief order, the U.S. 9th Circuit Court of Appeals said it would not rehear arguments over whether the San Diego, California-based company had engaged in anticompetitive patent-licensing practices to keep a monopoly on the market for modem chips that connect smart phones to wireless data networks. On Aug. 11, a three-judge panel of the 9th Circuit said the FTC failed to establish that Qualcomm’s practices had an anticompetitive effect on the cellular chip market. The FTC had asked the entire court to rehear arguments and reconsider the panel decision. …read more […]

Tao Value recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 7.08% for the quarter, underperforming its benchmark, the MSCI All Country World Index (ACWI) which returned 8.41% in the same quarter. You should check out Tao Value’s top 5 stock picks for […] …read more […]

U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move that could end a legal dispute between the two, two sources familiar with the matter said on Wednesday. The new terms would mean a discount of $425 million for LVMH, led by billionaire businessman Bernard Arnault, or less than 3% of the initial deal price. One of the sources said the new deal would require approval from Tiffany shareholders, which Tiffany expects should be straightforward. …read more […]

(Bloomberg) — Lucy Peng has been dubbed Alibaba Group Holding Ltd.’s most influential woman.The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she’s played a key role guiding Jack Ma’s empire. Peng, 47, helped set up Alibaba’s human-resources department, was Ant Group Co.’s chief executive officer and is now executive chairwoman of Lazada Group SA, the Southeast Asian e-commerce platform.The former finance teacher is also emerging as one of the wealthiest people within the wildly successful Alibaba ecosystem and one of the richest women on the …read more […]

Steel City Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. During the third quarter of 2020, the fund returned 1.6% net of fees, while the S&P 500 Index was up 8.5%. You should check out Steel City Capital’s top 5 stock picks for investors to buy right […] …read more […]

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The largest Japanese automaker said Wednesday it was adding another 1.52 million U.S. vehicles to the recall that was first announced in January and covers numerous models built between July 2017 through September. Toyota said the vehicles that have a fuel pump that may stop operating and could result in a vehicle stall, and the vehicle may be unable to be restarted. Dealers will replace the fuel pump with an improved version. …read more […]

A U.S. Senate Commerce Committee hearing on a key social media legal protection was briefly delayed when Facebook Inc Chief Executive Mark Zuckerberg struggled to appear remotely. “We are unable to make contact with Mr. Mark Zuckerberg,” Senator Roger Wicker, who chairs the committee, said agreeing to a five-minute delay after the chief executives of Twitter Inc and Alphabet Inc’s Google had spoken. Facebook told the committee that Zuckerberg was alone. …read more […]