Trading Ideas
Apple debuts low-cost iPhone SE starting at $399
Apple has debuted its new $399 iPhone SE. …read more […]
Year: 2020
Business News
Deloitte and EY join rivals in cutting pay during pandemic
Global accounting and consulting firms Deloitte and EY said on Wednesday they were cutting pay for partners at their UK businesses by a fifth to protect jobs during the coronavirus crisis, mirroring moves at rivals PwC and BDO.
Business News
Pentagon probe unable to rule out White House influence on JEDI contract
The Pentagon’s inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged “presidential communications.”
Business News
Apple releases budget iPhone SE priced at $399 as coronavirus stalls economy
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy.
Trading Ideas
President Trump halts WHO funding over pandemic chaos
The U.S. is set to suspend funding to the World Health Organization in order to reevaluate the governments response to the COVID-19 pandemic. Yahoo Finance’s Jessica Smith shares the details. …read more […]
Business News
Explainer: How the EU can finance economic recovery after the COVID-19 pandemic
The European Union is looking at ways to get the economy back on its feet next year after what is expected to be the 27-nation bloc’s deepest ever recession, caused by the coronavirus pandemic.
Business News
North Korea hacking threatens U.S. and global financial system: U.S. officials
U.S. government officials warned on Wednesday about the threat of North Korean hackers, calling particular attention to banking and other finance.
Trading Ideas
Business News
Aston Martin extends manufacturing suspensions by a week over coronavirus
Luxury carmaker Aston Martin is extending by a week the manufacturing suspensions in place at its two factories as lockdown measures designed to stop the spread of coronavirus remain in place in Britain.
Trading Ideas
GILD: Second Covid-19 Study of Remdesivir in China Suspended; Expect Key Data in Coming Weeks
Gilead’s (GILD) remdesivir study in China for mild-moderate Covid-19 patients has just been suspended due to poor enrollment. The news comes as the pandemic continues to wane in China, and follows the recently announced termination of the study for severe Covid-19 patients for similar reasons.According to reports, the mild-moderate study had planned to enroll 308 patients from Wuhan- but it remains unclear exactly how many enrolled to date. The stock is currently down 3% in today’s trading, but is still up 16% year-to-date.For RBC Capital analyst Brian Abrahams this latest update is a worrying sign of the drug’s efficacy. He …read more […]
Business News
Amazon to close French warehouses until next week after court order
Amazon will close its warehouses in France until at least early next week after a court ordered it to limit deliveries to essential goods such as food and medical supplies.
Business News
Wall St tumbles on gloomy economic data, bank earnings
Wall Street’s main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression.
Trading Ideas
Berkshire Hathaway to take Occidental shares instead of cash dividends
Warren Buffett’s Berkshire Hathaway Inc agreed to take Occidental Petroleum Corp common shares in lieu of a first quarter cash dividend, helping relieve the strain on the trouble oil giant’s balance sheet. The sale would bring in less than $250 million at Occidental’s current price. Occidental’s market value is about $12.24 billion, a fraction of what it paid for Anadarko. …read more […]
Business News
IMF, World Bank leaders praise G20 debt relief initiative
International Monetary Fund Managing Director Kristalina Georgieva and World Bank David Malpass on Wednesday praised a new G20 debt relief agreement that suspends bilateral debt servbice payments by poor countries.
Trading Ideas
Markets fall on poor retail sales numbers, bank earnings
Megan Horneman, Director of Portfolio Strategy at Verdence Capital Advisors, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are responding to the coronavirus outbreak. …read more […]