Month: October 2020

(Bloomberg) — Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.Lee passed away on Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. His family will hold a private funeral. He had surgery in 2014 after a heart attack and was treated for lung cancer in the late 1990s.Lee, who told employees to “change everything except your wife and children” during his drive to foster innovation and challenge rivals …read more […]

Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said. The charismatic leader of Samsung Group and the country’s richest person, grew it into South Korea’s biggest conglomerate. …read more […]

In February 1993, five years after taking over from his father at South Korea’s Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn’t making his mark. After a tense nine-hour follow-up meeting, Lee kick-started a strategic shift at Samsung – to gain market share through quality, not quantity. Lee, who died aged 78 on Sunday after being hospitalised for a heart attack in 2014, was driven by a constant sense of crisis, which he instilled in his leadership teams to drive change and fight complacency. …read more […]

It’s a particularly busy week ahead. While economic data will influence, Brexit, COVID-19, and U.S politics will be in the driving seat. …read more […]

Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018. …read more […]

In Chief Income Strategist Marc Lichtenfeld’s most recent edition of his popular YouTube series State of the Market, he pulled back the curtain on the historic earnings season that officially kicked off this past week.
Some stocks, like blue chip banks Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC), continue to trade at deep discounts due to earnings misses, as Contributing Analyst Jody Chudley revealed on Thursday.
Meanwhile, some winners have already broken away from the pack…
Take Logitech International (Nasdaq: LOGI), for example. This software manufacturer has a strong history of beating analysts’ estimates for earnings, outshining expectations for the past nine …read more […]

(Bloomberg) — A U.S. trade court on Saturday temporarily blocked the Trump administration’s latest bid to end a loophole it had granted on two-sided solar panels.The order comes weeks after President Donald Trump moved to eliminate a tariff exemption for the two-sided, or bifacial, panels. Prior to that proclamation, the government tried for more than a year to revoke the exemption, only to get repeatedly thwarted by the trade court.Court of International Trade Judge Gary Katzmann issued a temporary restraining order that effectively prevents the tariff exemption from being removed for two weeks, unless the court takes other action during …read more […]

Elon Musk would like investors to think of Tesla Inc. (NASDAQ: TSLA) as a series of startups.The electric automaker’s CEO discussed this on the recent third-quarter earnings call, highlighting the individual units that make up Tesla.Musk On Tesla components: “There’s probably in excess of a dozen startups effectively in Tesla,” Musk said.He referred to every major Tesla product line as a startup and every new plant as a startup.Since other car companies don’t own their own sales and service, Tesla’s sales and service units could be startups, he said, adding: “The whole autonomy thing is a startup.”Musk also termed the …read more […]

Buying an EV can be daunting, but a new report shows how worthwhile the investment can be. …read more […]

A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency. …read more […]

Readers hoping to buy Sierra Bancorp (NASDAQ:BSRR) for its dividend will need to make their move shortly, as the stock… …read more […]

(Bloomberg) — It keeps getting worse for Leon Black.Over the past week, Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.First, his own board ordered an external review prompted by Black himself. Then a Pennsylvania pension fund paused new investments — and the state of Connecticut has done the same. One major consultant — a gatekeeper to $160 billion of investor commitments — has urged clients to hold off, and another is considering taking similar action.Clients who for years enjoyed some of the best returns …read more […]

It’s been a good week for M&T Bank Corporation (NYSE:MTB) shareholders, because the company has just released its… …read more […]

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]

Does the October share price for Brookfield Renewable Corporation (TSE:BEPC) reflect what it’s really worth? Today, we… …read more […]