Facebook Inc said on Thursday it would start notifying users who had engaged with false posts about COVID-19 which could cause physical harm, such as drinking bleach to cure the virus, and connect them to accurate information.
U.S. stocks rose on Thursday as Amazon.com Inc and Netflix Inc surged to record highs, although trading was choppy as investors worried about the impact of the coronavirus pandemic on first-quarter earnings.
Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the brink of a possible bankruptcy after it temporarily closed stores amid the coronavirus pandemic.
Oil prices were mixed on Thursday, as Brent crude rose modestly while U.S. futures ended unchanged at an 18-year-low after some European countries said they would relax coronavirus restrictions even though OPEC lowered its global oil demand forecast.
Lagardere gained almost 13% on Thursday after Les Echos reported the French multimedia conglomerate could get help from French tycoon Vincent Bollore and Marc Ladreit de Lacharrière, who heads finance group Fimalac, in its fight with Amber Capital.
World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus outbreak and tamped down investor hopes a listless economy would soon be back on its feet.
The Nasdaq rose in afternoon trading on Thursday as Amazon.com and Netflix surged to record highs, while worries about first-quarter earnings weighed on the Dow and limited gains in the S&P 500.
Activist shareholders are likely to scale back campaigns in the coming weeks as target companies brace for a deep recession and their favorite calls for change – ranging from mergers to returning cash – are ignored during the coronavirus pandemic.
(Bloomberg) — Broadcom Inc., a chipmaker that supplies crucial components for Apple Inc.’s iPhone, told customers that disruptions to the global supply chain caused by the Covid-19 pandemic means they’ll need to place orders for parts six months ahead of time.Lockdowns in Malaysia, Thailand, Singapore and the Philippines are “closing or severely restricting business operations,” according to a letter to customers from Nilesh Mistry, Broadcom’s vice president of sales, dated April 13 and seen by Bloomberg. “Air and sea transport options have become unreliable and become more expensive and have increased delays,” Mistry wrote. The San Jose, California-based company declined …read more […]
Chief Equity Strategist at Nuveen Bob Doll joins Yahoo Finance’s Seana Smith to discuss recession concerns amid the coronavirus. …read more […]
California’s Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a $23 billion deal which closed on April 1. The deal had closed without a final decision from the California PUC, which gave that on Thursday with a unanimous vote. The CPUC had issued a proposed decision in March to approve the merger with conditions. …read more […]
Mellanox shares rose nearly 2% in afternoon trading, while Nvidia jumped about 4%. Many acquisitions between U.S. and international companies with significant operations in China have faced challenges in securing approval from the country’s regulator due to a bitter trade war between the two largest economies of the world that started in January, 2018. Two years ago, U.S. chipmaker Qualcomm Inc had to walk away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval. …read more […]
The results are in, and it looks like cannabis company Aphria (APHA) hit another ball out of the park. Unlike other heavy hitters in the space, this name has consistently impressed Wall Street with its performance, and its most recent quarter was no exception.According to its fiscal Q3 earnings report, which was released Tuesday, the company generated net revenue of CA$144.4 million, flying past the CA$131 million consensus estimate. Not to mention this number is up from CA$120.6 million in the previous quarter. Group adjusted EBITDA also didn’t disappoint. For the fourth consecutive quarter, the figure came in positive at …read more […]
Apple Inc said on Thursday it would reopen its sole retail store in South Korea on April 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
