Business News
AT&T brings ad unit Xandr under WarnerMedia ahead of HBO Max launch
AT&T Inc said on Thursday it will bring its advertising unit Xandr under its WarnerMedia label, which is set to launch its streaming channel HBO Max in May.
Year: 2020
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Tesla Pares Advance After Einhorn Questions Billings Again
(Bloomberg) — David Einhorn, the president of hedge fund Greenlight Capital, questioned Tesla Inc.’s billing practices again in his latest repartee with the electric-car maker’s chief executive officer, Elon Musk.“I guess the offer of a factory tour was never serious,” Einhorn said in a tweet, referring to an invitation Musk extended last year for the long-time Tesla short seller to visit the company’s plants.Einhorn, who five months ago told Musk he was “beginning to wonder whether your accounts receivable exist,” said Tesla has in the past explained that the balance of money owed by its debtors was elevated by sales …read more […]
Business News
Fourth stimulus bill may not be needed if states bounce back: White House official
A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies “relatively quickly,” as some forecasters expect, a White House economic adviser said on Thursday.
Business News
Equality key to rescuing U.S.-China business ties: U.S. business lobby
Recent strains in the relationship between the United States and China make it especially important to establish a policy of ‘competitive neutrality’ the American Chamber of Commerce in China said on Thursday.
Business News
Fed: Main Street program widened to diverse set of new companies
The Federal Reserve expanded its Main Street lending program to be sure it captured larger firms that were still not big enough to tap public capital markets, the central bank said.
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Earnings round up: McDonald’s misses, Facebook soars, Tesla sees unexpected profit
Yahoo Finance’s Adam Shapiro and Julie Hyman break down the latest earnings reports from McDonald’s, Facebook, Microsoft and Tesla. …read more […]
Business News
Millions of Americans continue to seek jobless benefits; consumer spending tanks
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the coronavirus.
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Is Gilead Sciences Stock a Buy Right Now? This Is What You Need to Know
COVID-19 killed the bull market in stocks this year, but at least one stock hasn’t been fazed by the virus. To the contrary, Gilead Sciences (GILD), maker of the Ebola drug-turned-coronavirus drug remdesivir, is enjoying its own private bull market, with its shares up 27% since the year began.On Wednesday, Gilead shared some of its good fortune with the rest of the stock market, too, as a pair of new remdesivir data releases helped spark a rally that sent the S&P 500 up 2.7%.So what did Gilead have to say today?Firstly, according to the company, a National Institute of Allergy …read more […]
Business News
Nissan plans to restart output at UK’s biggest car factory in June
Nissan will restart phased production in early June at its northern English Sunderland factory, Britain’s biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak.
Business News
Macy’s reopening 68 stores, targets all within six weeks as U.S. restrictions loosen
Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
Business News
S&P 500, Dow slip after grim jobless claims data
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq.
Business News
Fed to expand reach of ‘Main Street’ lending program
The U.S. Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for non-profits.
Business News
U.S. economy may not need more stimulus to weather coronavirus hit: White House official
The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for more measures to spur activity, a White House adviser said on Thursday.
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Fed expands scope of loan program to Main Street
On Thursday, the U.S. Federal Reserve announced more details on its $600 billion dollar lifeline to Main Street businesses. Yahoo Finance’s Brian Cheung breaks down the details. …read more […]
Business News
Twitter gains users, beats estimates but ad trends alarm investors
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter.