Trading Ideas
This former Steve Jobs insider at Apple thinks struggling Macy's wont die like Sears
A one-time rival and former J.C. Penney CEO weighs in on tMacy’s future. …read more […]
Year: 2020
Business News
Boeing net orders slump to lowest in decades
Boeing Co reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus.
Trading Ideas
Boeing net orders slump to lowest in decades
Allowing for cancellations and changes to earlier orders, Chicago-based Boeing said it had received just 54 new orders for planes in 2019 and delivered less than half as many as a year earlier, losing the top spot to its European rival for the first time in eight years. Ten months after the MAX was grounded following a pair of fatal crashes linked to its MCAS anti-stall system, Boeing still has a backlog of more than 5,400 orders for its long- and short-distance commercial jets. Boeing said on Tuesday deliveries fell by 53% to 380 planes over the whole …read more […]
Business News
U.S. Supreme Court tosses lower court ruling that allowed IBM retirement fund suit
The U.S. Supreme Court on Tuesday threw out a lower court ruling that allowed a lawsuit to proceed against managers of a retirement fund for IBM Corp employees centering on allegations that officials failed to disclose that IBM’s microelectronics business was over-valued.
Business News
Oil back in positive territory ahead of U.S.-China trade deal
Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.
Trading Ideas
What Are the 3 Best Value Stocks in the S&P 500? Here Are the Results
Shoppers everywhere like to find the best value; that’s a given. And investors? Well, investors are just a special case of shoppers – in this case, shopping for stocks. So, how can we define a good value when it comes to stocks? In short, we’re looking for high upside and high dividend yields.TipRanks, a platform that tracks and measures the performance of analysts, offers a set of tools to search the raw data collected from 5,700 Wall Street financial experts and 6,500 publicly traded companies. The basic tool, the Stock Screener, gives investors a set of filters to screen the …read more […]
Trading Ideas
JC Penney stock tumbles on weak holiday sales results
Shares of the retail company plummeted, after it released lower than expected holiday sales results. Kotter Executive Vice President Kathy Gersch joins the On The Move panel to discuss what the next steps are for the retailer. …read more […]
Business News
Former Stobart boss Tinkler dumps stake in company
Former boss and the fifth-largest shareholder of Stobart Group Ltd Andrew Tinkler dissolved his stake in the infrastructure and support services company, according to a regulatory filing on Tuesday.
Trading Ideas
JPMorgan posts Q4 earnings beat in record year
JPMorgan reported earnings today that beat both revenue and earnings expectations. The bank also posted record full-year net income. Yahoo Finance’s Julia La Roche joins the On The Move panel to discuss. …read more […]
Trading Ideas
MGM Resorts to Sell Las Vegas Strip Properties MGM Grand, Mandalay Bay
MGM Resorts International has agreed to sell the MGM Grand and Mandalay Bay casino and resort properties in Las Vegas to a new joint venture between MGM Growth Properties LLC and private equity giant Blackstone Real Estate Income Trust, Inc. The deal is priced at $4.6 billion. MGM Resorts will continue to manage and operate […] …read more […]
Business News
SmileDirectClub jumps on plans to start selling aligners to dentists
Shares of SmileDirectClub Inc rose 17.4% on Tuesday after the online dentistry company said it would sell aligners directly to dentists, widening its distribution channel after a deal with rival Align Technology Inc expired last month.
Trading Ideas
Amazon to intervene in $10B Microsoft cloud contract
Amazon is planning to to ask a judge to temporarily block Microsoft from working on a ten billion dollar cloud contract for the military. Yahoo Finance’s Dan Howley has the details. …read more […]
Business News
Wells Fargo’s new chief promises more change as profit slumps
Wells Fargo & Co’s profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank’s sales scandal and promised “fundamental changes.”
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Citi Fixed-Income Trading Surges 49%
(Bloomberg) — Citigroup Inc. cut traders — and got its mojo back.Revenue from fixed-income trading surged 49% in the fourth quarter — more than double the increase predicted by analysts — after a slump that rattled the industry a year ago. The rebound, combined with surprisingly strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.The finale puts the trading division on stronger footing heading into a new decade, as executives pursue a series of profitability targets that have led to dismissals when revenue faltered. On Tuesday, they vowed to keep …read more […]
Business News
Yen weakens as risk appetite improves before trade deal
China’s yuan was slightly weaker on Tuesday after earlier hitting its highest level since July, while the Japanese yen dropped to eight-month lows before the United States and China are due to sign a preliminary trade agreement to ease their 18-month old tariff war.