Trading Ideas
House Budget Committee Chair slams White House budget proposal
The House Budget Committee Chairman called President Trump’s budget proposal “irrational and destructive.” …read more […]
Year: 2020
Business News
WeWork sets hard free cash flow, revenue targets as part of five-year plan
WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.
Trading Ideas
Tesla investors make a surprising move as its stock closed in on $1,000
Tesla investors unload. …read more […]
Business News
S&P 500, Nasdaq notch new records on optimism coronavirus may plateau soon
The S&P 500 and the Nasdaq indexes hit record highs on Tuesday as a top Chinese health adviser sparked expectations that the coronavirus outbreak may be peaking, while T-Mobile shares jumped after a federal judge approved its purchase of Sprint.
Trading Ideas
T-Mobile Ready to Close Sprint Deal After Defeating State Suit
(Bloomberg) — T-Mobile US Inc. is poised to close its long-sought merger with Sprint Corp., a deal that will reshape the U.S. wireless industry, after winning approval from a federal judge who rejected a state lawsuit against the tie-up.The two companies said Tuesday they expect to close as soon as April 1 after U.S. District Court Judge Victor Marrero in Manhattan said the states failed to persuade him that a merger of the No. 3 and 4 carriers would harm consumers.“Today was a huge victory for this merger,” T-Mobile Chief Executive Officer John Legere said in a statement. “We are …read more […]
Trading Ideas
Here's What Analysts Are Forecasting For Philip Morris International Inc. After Its Annual Results
Investors in Philip Morris International Inc. (NYSE:PM) had a good week, as its shares rose 6.2% to close at US$88.75… …read more […]
Trading Ideas
Can You Imagine How Palo Alto Networks's (NYSE:PANW) Shareholders Feel About The 81% Share Price Increase?
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking… …read more […]
Business News
Japan’s MUFG, Mizuho in London rehiring spree despite Brexit
Japan’s MUFG and Mizuho have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit’s impact on financial services in Britain.
Business News
Oil rises from 13-month low as new virus cases slow
Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand.
Business News
S&P 500, Nasdaq hit new highs at open on coronavirus optimism
The S&P 500 and the Nasdaq opened at all-time highs on Tuesday after top Chinese health adviser said the coronavirus outbreak may peak this month, while Sprint’s shares soared after winning a federal judge’s approval for its merger with T-Mobile.
Business News
Under Armour shares drop after surprise profit decline warning for 2020
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Trading Ideas
Trending ticker: T-Mobile, Sprint $26B merger approved
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss Sprint’s market action. …read more […]
Business News
Fed’s Powell says economy ‘resilient,’ but warns on coronavirus, productivity
Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress on Tuesday, but he cited a potential threat from the coronavirus in China and concerns about the economy’s long-term health.
Trading Ideas
Jerome Powell set to testify before house committee
PNC Financial Chief Economist Gus Faucher joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss what can be expected from Jerome Powell’s testimony to the House of Representatives on The First Trade. …read more […]
Business News
S&P 500, Nasdaq set for new heights on hopeful coronavirus news
The S&P 500 and Nasdaq indexes were set to hit record highs at the open on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares soared after winning a federal judge’s approval for its merger with T-Mobile.