Trading Ideas
Netflix's co-founder lauds 'secret weapon' in streaming war with Disney
Netflix’s pure focus on streaming sets it apart from Disney, says Netflix co-founder Marc Randolph. …read more […]
Year: 2020
Business News
Gap says may not have enough money to run operations
Gap Inc warned on Thursday it may not have enough funds to run its operations in the next 12 months as it weathers the impact of the coronavirus pandemic, and said it would need to cut costs and raise money by issuing debt.
Business News
Futures retreat ahead of jobless claims, business activity data
U.S. stock index futures headed lower on Thursday as investors braced for another staggering jobless claims report and a plunge in business activity data as state-wide lockdown measures hammer economic growth.
Business News
Mideast, African governments failing to protect airlines: IATA
Middle Eastern and African governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the International Air Transport Association (IATA) said on Thursday.
Business News
Markets brush off ugly data, pin hopes on stimulus
World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an ongoing rebound in oil prices, while investors brushed off a slew of awful economic data.
Business News
Blackstone’s first-quarter profit rises but coronavirus weighs
Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, reported a 4% rise in its first-quarter distributable earnings driven by a surge in management fees on strong fundraising, even as its funds took a hit in the coronavirus-induced downturn.
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Trading Ideas
Oil could soon fall to -$100 per barrel: Energy analyst
If you thought the collapse in oil prices this week was bad, next month could be “fundamentally worse,” with prices falling to -$100 a barrel, says one energy strategist. …read more […]
Trading Ideas
Domino's withdraws longterm guidance amid coronavirus uncertainty
Domino’s Pizza withdraws longterm guidance amid coronavirus uncertainty …read more […]
Business News
Apple plans to sell Macs with its own chips from 2021: Bloomberg
Apple Inc plans to sell Mac computers with its own main processors by next year based on the chip designs currently used in its iPhones and iPads, Bloomberg reported on Thursday.
Business News
Eli Lilly lifts 2020 profit view as coronavirus lockdowns fuel profit beat
Eli Lilly and Co beat quarterly profit estimates and raised the top-end of its 2020 earnings forecast on Thursday, benefiting from customers stockpiling on medicines such as its diabetes treatment Trulicity amid the coronavirus pandemic.
Business News
Futures dip ahead of jobless claims, business activity data
U.S. stock index futures retreated on Thursday as investors braced for another staggering jobless claims report and an expected plunge in business activity data as sweeping lockdown measures hammer economic growth.
Business News
U.S. bank investors put on mute as shareholder meetings go virtual
Often rowdy and confrontational, this year’s bank shareholder meetings have so far been brief and uneventful as the annual gatherings move online amid U.S. coronavirus lockdowns.
Business News
African airlines could lose $6 billion in passenger revenue in 2020: IATA
African airlines could lose $6 billion in passenger revenue in 2020, the International Air Transport Association said on Thursday, as flight restrictions due to the novel coronavirus hit the sector on the continent.
Business News
Japanese governor pledges support for Toyota suppliers as production dips
As Toyota prepares to nearly halve production at Japanese factories, a regional governor said on Thursday he would offer 400 billion yen ($3.72 billion) in emergency loans for small and mid-size companies including Toyota’s suppliers.