NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday.
China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.
Comcast Corp-owned NBCUniversal’s new Peacock service will offer free and $5-per-month options that include advertising to try to win customers for its belated entry into the streaming video wars, the company announced on Thursday.
Eli Lilly and Co aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.
Let’s start with some good news – according to Goldman Sachs’ chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year’s surge. Oppenheimer believes 2019’s bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend.“Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020,” Oppenheimer …read more […]
A review of the firm’s latest quarterly letter Continue reading… …read more […]
(Bloomberg) — Nestle SA is introducing faux sausages to its meat-substitute lineup as competition for imitation meat spreads beyond burgers.The KitKat maker will start selling a pea protein-based sausage in the U.S. and a soy-based version in Europe this spring, the company said.The Swiss food giant joins rivals Impossible Foods Inc. and Beyond Meat Inc. in a race to offer plant-based meat alternatives after demand for vegan burgers exploded.“The burger was what you would call in the tech industry the killer app — it got the whole plant-based trend running,” Chief Executive Officer Mark Schneider said at a media event …read more […]
Gap Inc on Thursday called off a plan to spin-off its Old Navy brand and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped earnings, sending its shares up about 6%.
The spotlight on Friday will be on the housing market and industrial sector. …read more […]
Bombardier, which sold control of the A220 program to Airbus in 2018 for a token Canadian dollar as part of broader efforts to improve its financial footing, said the venture needed more investment and might be subject to a writedown during fourth-quarter results next month. Bombardier also said it is “reassessing” its minority stake in the A220 jet program, which will require additional cash to ramp up production. …read more […]
Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday.
Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field.
Apparel retailer Gap Inc on Thursday called off a plan to spin-off its Old Navy brand due to weak business performance, costs and the complexity of splitting into two.
I’m frequently asked how markets do during a presidential election year.
Looking back through history, there are certain trends in the markets during the first, second, third and fourth years of a presidential term.
Market watchers forecast based on how history repeats itself during these cycles. So today, I’ll focus on what tends to happen in the fourth year of a presidential term.
Since 1952, the Stock Trader’s Almanac tells us, the Dow has returned 10.1% on average when a sitting president has run for reelection.
(Of course, there is no crystal ball for the market. Past performance is no indicator of future performance. …read more […]
New investment terms are showing up every day. Some of them fade but the one we’re about to review is becoming more common. As the market continues to grow, so will the number of investment unicorns. That’s why I’ve put together this short guide and a list of unicorn startups.
What is an Investment Unicorn?
An investment unicorn is a privately held startup that’s climbed to a valuation of at least a $1 billion. And most unicorns have come from the tech sector thanks to their ability to scale their business. For example, unicorns like Airbnb and Robinhood can reach millions of …read more […]
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