– Initiatives to Enable Company to Reinvest in Key Areas of Growth -DUBLIN, Nov. 5, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) today announced the initiation of several strategic actions to further optimize the Company’s operations and increase overall efficiency. …read more […]
(Bloomberg) — Alibaba Group Holding Ltd.’s revenue grew at the slowest pace on record for the July-September quarter, underscoring how the e-commerce giant’s post-pandemic rebound is starting to plateau.Revenue for the three months ended September rose 30% to 155.1 billion yuan ($23.4 billion), meeting the 154.8 billion yuan average of estimates. Profit fell 60% to 28.8 billion yuan from the year-earlier period, when it booked a one-time gain from the acquisition of its stake in Ant Group Co. The sales gain may not be enough to reassure investors worried about the derailment of Ant’s IPO, which sparked a $64 billion …read more […]
Gridlock in D.C. could be good for the stock market…really good, historical data shows. …read more […]
When you buy shares in a company, it’s worth keeping in mind the possibility that it could fail, and you could lose… …read more […]
KITCHENER, ON, Nov. 5, 2020 /CNW/ – Quarterhill Inc. …read more […]
It’s a “very likely possibility” that President Trump could win election through court challenge, said Rutgers Law Professor Stacy Hawkins. …read more […]
How far off is Barrick Gold Corporation (TSE:ABX) from its intrinsic value? Using the most recent financial data… …read more […]
The timetable for delivery of the Oxford University/AstraZeneca COVID-19 vaccine candidate has slipped, the UK’s vaccine chief said, adding Britain will receive just 4 million doses of the shot this year. Britain had agreed in May to take 100 million doses of the vaccine, developed by Oxford University and licensed to AstraZeneca, with 30 million doses estimated for delivery by September 2020. Oxford’s trial chief said on Wednesday that he now hoped they would come by the end of the year, though the exact timing is unclear as it depends on infection numbers. …read more […]
(Bloomberg) — Joe Biden stood on the brink of claiming the presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states.Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to the Associated Press. Trump has 214.Biden needs only to win an additional outstanding state, such as Nevada where he is leading, or Georgia, where his campaign believes absentee votes will push him over the top.The former vice president said he expects to …read more […]
(Bloomberg) — History suggests the post-election day rally in U.S. stocks bodes well for further gains over the next three months.The S&P 500 Index jumped 2.2% on Wednesday, its best performance the day after a U.S. presidential vote in data going back to 1932, according to Sundial Capital Research Inc. The benchmark’s median gain over the following three months has been 4.4%, its analysis shows.“A good initial reaction following the election has been a very good sign,” Sundial president Jason Goepfert wrote in a note, adding this was the first time the S&P 500 rose over 1.5% on both the …read more […]
(Bloomberg) — The world’s biggest solar power company says a shortage of glass is raising costs and delaying production of new panels, throwing a wrench into China’s plans to accelerate its shift to clean power.Prices for glass that coats photovoltaic panels have risen 71% since July, and manufacturers are struggling to produce it fast enough to keep more than a week’s worth of sales in inventory, according to Daiwa Capital Markets. The shortage comes as the solar industry turns toward bifacial panels, which increase both power output and glass requirements.Solar panel producers like Longi Green Energy Technology Co. have asked …read more […]
(Bloomberg) — U.S. stock futures rose after unbridled investor demand for technology and health-care stocks sent benchmark indexes to some of the strongest gains of the year.S&P 500 futures for December climbed 1% at 3:02 p.m. in Tokyo, while Nasdaq 100 contracts gained 1.7%. The underlying S&P 500 advanced more than 2% on Wednesday and the Nasdaq 100 surged more than 4% in its best rally since April, with the session dominated by groups whose relative immunity from the economic cycle have made them defensive havens all year.Index futures also rose after Joe Biden won Michigan and Wisconsin, putting him …read more […]
Qualcomm Inc (NASDAQ: QCOM) shares spiked 12% during the after-hours session Wednesday. The surge came as the chipmaker said it foresees the demand for 5G smartphones to double the shipments next year, with a forecasted range between 450 million to 550 million smartphones.What Happened: Aside from smartphones, the company also expects to gain from the Internet of Things and networking gears segments, according to the Wall Street Journal.On Wednesday, Qualcomm released its financials for the fourth quarter and the fiscal year ended Sept. 27. GAAP revenues of $23.53 billion for fiscal 2020 fell by 3% year-over-year, whereas GAAP diluted earnings …read more […]
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