Year: 2020

Apple Inc on Monday capitalized on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends. Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through the Fed’s backstopping of the credit markets. Apple shares are virtually flat year-to-date, compared with a 12% drop in the S&P 500 Index . …read more […]

Apple Inc on Monday capitalized on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends. Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through the Fed’s backstopping of the credit markets. Apple shares are virtually flat year-to-date, compared with a 12% drop in the S&P 500 Index . …read more […]

Boeing Co sees mass production of its unmanned, fighter-like jet developed in Australia likely happening by the middle of the decade, an executive said on Tuesday, as it rolled out the first of three prototypes. “We are expecting middle of the decade, maybe a bit earlier that this will be in production,” Shane Arnott, the programme director of Boeing’s Airpower Teaming System, told reporters. Royal Australian Air Force (RAAF) Air Vice-Marshal Catherine Roberts said the Loyal Wingman’s role could include carrying weapons in combat and protecting assets like the E-7A Wedgetail early warning and control aircraft as well …read more […]

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Not even COVID-19 can put the brakes on the Facebook (FB) juggernaut. The social media giant reported earnings last Wednesday and investors liked what they saw.So did Rosenblatt’s Mark Zgutowicz. So much so, the 5-star analyst reiterated a Buy rating on Facebook shares, while increasing the price target from $223 to $244. The figure implies upside of 19% from current levels. (To watch Zgutowicz’s track record, click here)Heading into Facebook’s quarterly statement, all eyes were on two COVID-19 driven metrics: increased user engagement, and at the opposite end, reduced ad spend. Facebook delivered on both and at the same time …read more […]

(Bloomberg) — Hertz Global Holdings Inc. is preparing to file for bankruptcy as soon as Monday night if the company fails to rework its debt and can’t get lenders to extend a grace period on a missed payment.The rental-car company has been talking to some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a struggle and the company is preparing to file for Chapter 11 court protection, according to people with knowledge of the matter.Hertz could file this evening, though Tuesday would be more likely if a deal isn’t reached. The …read more […]

Economic Impact Payments arrived for most taxpayers but millions wonder when their cash will arrive. Direct deposit and mailing of checks continues. …read more […]

Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the first of 12 tranches of options granted to the billionaire to buy Tesla stock as part of a pay package agreed in 2018. …read more […]

Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the first of 12 tranches of options granted to the billionaire to buy Tesla stock as part of a pay package agreed in 2018. …read more […]