Business News
Blink and you miss it: The U.S. yield curve inverts again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
Year: 2020
Business News
Airlines cut China flights as companies restrict travel on virus fears
Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
Business News
Apple iPhone back to growth after a year’s slump
Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Business News
J.Crew Group appoints former Victoria’s Secret executive as CEO
J.Crew Group Inc on Tuesday appointed former Victoria’s Secret executive Jan Singer as chief executive officer, effective Feb. 2.
Trading Ideas
AMD stock stumbles as guidance falls
AMD stocks fell today after it reported its Q4 results. Although it beat on top and bottom lines, guidance fell on revenue for the tech company. Yahoo Finance’s Emily McCormick joins The Final Round to discuss the details of AMD Q4 results. …read more […]
Business News
Starbucks sees hit as coronavirus prompts over 2,000 China store closures
Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.
Trading Ideas
AMD Projects Quarterly Sales That Fall Short of Estimates
(Bloomberg) — Advanced Micro Devices Inc. gave a lackluster forecast for the current period, suggesting gains against larger chip rival Intel Corp. may take longer than investors had hoped.Revenue in the first three months of the year will be about $1.8 billion, plus or minus $50 million, Santa Clara, California-based AMD said Tuesday in a statement. That would fall short of the average analyst estimate of $1.87 billion, according to data compiled by Bloomberg.AMD also said sales will increase 28% to 30% in 2020. Analysts, on average, projected annual revenue growth of 28%.Shares slipped about 3% in extended trading after …read more […]
Business News
AMD revenue forecast disappoints on weak console demand
Advanced Micro Devices Inc forecast current-quarter revenue below analysts’ estimates on Tuesday, as demand wanes from console makers ahead of new launches.
Business News
Exclusive: OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe – sources
OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.
Business News
EBay forecasts first-quarter revenue below estimates, shares fall
EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.
Business News
Starbucks expects hit from coronavirus after closing half of China stores
Starbucks Corp on Tuesday became the first major U.S. company to signal a hit from the new coronavirus outbreak in China, as it closed more than half of its stores in China and adjusted its operating hours.
Trading Ideas
AMD revenue forecast disappoints on weak console demand
Revenue rose to $2.13 billion from $1.42 billion, beating analysts’ estimates of $2.11 billion, according to IBES data from Refinitiv. …read more […]
Business News
Exclusive: Do or die – Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.
Trading Ideas
The number of coronavirus cases continues to climb in China
Coronavirus cases of infection are rising and spreading throughout China. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss how officials plan to contain the spread of the virus. …read more […]
Trading Ideas
The Real Impact of Coronavirus
Greed was the dominant mood on Wall Street at the start of 2020. Now fear has entered the room.
U.S. stocks slipped last week, and global markets tumbled Monday amid growing concern about a new strain of coronavirus and its potential to derail the global economy.
Before going further, I acknowledge it is grotesque to discuss money when people’s lives are in danger. But it’s important to understand that the market doesn’t exist in a vacuum, and when crises hit around the world there is bound to be financial fallout as well.
The death toll from the outbreak hit 80 on Sunday in …read more […]