Year: 2020

(Bloomberg) — Few people are in a position to influence Jamie Dimon, the chief executive who turned JPMorgan Chase & Co. into the biggest U.S. bank. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them.Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board after Dimon. He has occupied his seat for 33 years, making him both the longest-serving and oldest director among Wall Street’s biggest banks. He helped guide JPMorgan through mega-mergers after mastering them at Exxon, backed Dimon during his rise and has stood by him. …read more […]

HuffPost Senior Editor Lauren Moraski joins On The Move to break down the biggest winners and losers of the 92nd Academy Awards. …read more […]

(Bloomberg) — Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAngloGold Ashanti Ltd. has picked Harmony Gold Mining Co. as the buyer for its last remaining South African operations, according to people familiar with the matter.The two companies are still finalizing the exact terms of the deal for the Mponeng mine and surface facilities, said the people, who asked not to be identified because the information is private.AngloGold is selling the assets as Chief Executive Officer Kelvin Dushnisky focuses on more profitable mines in Ghana, Australia and the Americas. Harmony — backed by billionaire Patrice Motsepe’s …read more […]

It’s tempting – really, it is – to just put your investment money into the big-name stocks. After all, they generate the headlines, and they generate some spectacular results. Apple, Microsoft, Amazon, and Google parent Alphabet have all broken above $1 trillion market cap. But the big names aren’t the only ones showing great returns.It’s possible to find smaller stocks with big upsides. Small- and mid-cap companies don’t get the headlines and coverage of the trillion-dollar giants, but smart investors can find powerful returns in this category. We’ve used the TipRanks’ Stock Screener tool to sort through the database and …read more […]

The head of Germany’s ruling Christian Democrats was supposed to succeed Chancellor Angela Merkel as the next leader of Germany. However, she no longer plans to run in the 2021 general elections. Yahoo Finance’s Oscar Willams-Grut joins On the Move with the details. …read more […]

(Bloomberg) — Shares of Sprint Corp., meant to be acquired by T-Mobile US Inc. in a pending $26.5 billion takeover, spent the past year in a steady swoon — and that was fine with Deutsche Telekom AG, T-Mobile’s parent company.Federal regulators have approved the combination of the two smallest national wireless carriers, but a group of state attorneys general has sued to block the deal, saying it could reduce competition and harm consumers. A federal judge has heard testimony from both sides and is expected to return with a decision within weeks.Sprint’s value has eroded as the deal hangs in …read more […]

President Trump is expected to release his $4.8 trillion 2021 budget today, looking to boost military funding. Yahoo Finance’s Jessica Smith joins the On the Move panel from Washington, D.C. to break down the details. …read more […]

Teradata Corporation (NYSE:TDC) shares fell 2.4% to US$23.41 in the week since its latest yearly results. It looks… …read more […]

Oil continues to face headwinds, and experts are forecasting continued low demand for transportation fuels in Asia …read more […]

The Justice Department and the Federal Trade Commission have conflicting views about what to do with Qualcomm’s ruling on 5G. The On The Move panel discusses the details. …read more […]