The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal.
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing on Tuesday, after traces of the known carcinogen were found in several such products, including Johnson & Johnson’s Baby Powder.
China-based Luckin Coffee Inc’s shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capital.
China-based Luckin Coffee Inc’s shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capital. Better known for his short bets, Left, who is also editor of the online investment newsletter Citron Research, has come out in defense of Luckin’s stock, which his fund owns. Luckin was forced to temporarily close an estimated 200 coffee shops in Wuhan, capital of the Hubei province in China and epicenter of the deadly virus outbreak. …read more […]
Despite market risks like the impeachment, coronavirus and geopolitical tensions, the market continues to climb higher. Clockwise Co-Founder and Smith School of Business’s Ryan Guttridge joins On the Move to break down why the market is due for a correction. …read more […]
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses.
The impact of the coronavirus is escalating. The cases have risen above 20,000, with the death toll hitting 425 from the virus. Yahoo Finance’s Anjalee Khemlani joins the On the Move panel to break down the impact. …read more […]
Canada’s Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc , the Wall Street Journal reported https://www.wsj.com/articles/bombardier-in-talks-to-sell-business-jet-unit-to-textron-11580835712?mod=searchresults&page=1&pos=2, citing people familiar with the matter.
Ride-hailing company Beat hopes rival Uber will return to Colombia, but meanwhile, it will capitalize on the void it left and try to fill it, the company said.
Mike Bloomberg made what seemed like a head-scratching choice last November to skip the early primary statest’s seems like it could be a very good decision this time around …read more […]
We’re less than one year from Election Day.
Ire and unease are already gripping the nation. In fact, a majority of Americans recently listed the 2020 election as the biggest stressor in their lives.
Keep that nugget in mind. Because for investors looking ahead to 2020, the U.S. presidential election adds another dose of uncertainty.
Rest assured, there is a trend that we can turn to for guidance over the next 12 months: the U.S. presidential cycle.
Historically, when a candidate takes office, they transition from campaign mode to governing. That means trying to fulfill all those promises they made on the campaign trail. …read more […]
Results from the Iowa caucus are being delayed due to “inconsistencies” in voter data reported through a new mobile app. National Taxpayers Union Senior Fellow Mattie Duppler joins the On the Move panel to discuss. …read more […]
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing.
Demand for Ferrari’s Portofino and 812 Superfast models helped the Italian supercar maker hit last year’s profit targets though it only provided a cautious upgrade to its outlook for 2020.
Wendy’s big push into breakfast will begin soon. Here’s what you need to know. …read more […]
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