Year: 2020

(Bloomberg) — Goldman Sachs Group Inc. will pay a record foreign bribery penalty in the U.S. and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund.A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to divert billions of dollars raised for economic development in Malaysia. The Wall Street giant will also force Chief Executive Officer David Solomon and his predecessor Lloyd Blankfein to return some of their compensation, according to a person briefed on the matter.The parent company avoided conviction …read more […]

Dan Ives, Wedbush Securities Analyst joins the On the Move panel to discuss Tesla’s Q3 Earnings.

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Just two weeks ago, the markets were factoring in an all-but-certain Biden victory in the upcoming presidential election as well as a “Blue Wave” of democrats taking control of the Senate and Congress as well as the presidency. This would mean a path of least resistance for a new stimulus bill. But, now not all is as it seems; market participants are taking a more thorough, deeper second look at the polling numbers. JPMorgan strategist Nikolaos Panigirtzoglou believes that election odds are narrowing making a contested result that could hamper stimulus and hurt stocks more likely. A mixed bag …read more […]

Philip Morris International Inc. (NYSE:PM) just released its latest quarterly results and things are looking bullish… …read more […]

Joe Hogan, Align Technology Director, President and Chief Executive Officer, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the company’s third-quarter earnings report, future outlook for the company, and much more. …read more […]

Yahoo Finance’s Julie Hyman and Adam Shapiro break down the latest earnings reports from Tesla, AT&T and Coca-Cola. …read more […]

Traders that short volatility have been quiet lately. But as the markets reach new all-time highs, it’s stirred awake many a slumbering bear looking to make a bullish play and start shorting volatility again. After all, there’s money to be made… Even during even brief spells of market tranquility.

One of the easiest ways to benefit from ups and downs in the market is by investing in the Barclays iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS: VXX). This exchange-traded note tracks an index with exposure to futures contracts on the Chicago Board of Options Exchange (CBOE) volatility index.
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(Bloomberg) — Oil extended gains after House Speaker Nancy Pelosi said a stimulus deal is close to being reached in Washington.Futures in New York rose as much as 2.2% on Thursday. Pelosi said the two sides are “just about there” and progress has been made all week in talks. Meanwhile, the number of Americans filing for unemployment benefits fell more than expected, pointing to a gradual recovery in the labor market.The labor market data brings about the idea that “people are going back to work even with some renewed lockdowns,” said Michael Lynch, president of Strategic Energy & Economic Research. …read more […]

Current head of Chubb Canada, Ellen Moore, appointed Chair of Canadian Operations, will retire at the end of the year; John Alfieri to assume role of President, Chubb Canada. WHITEHOUSE STATION, N. …read more […]

UPDATED with CEO comments. AT&T said 8.6 million customers activated their access to streaming service HBO Max in the third quarter, more than double the 4.1 million reported in the previous quarter. The company edged Wall Street analysts’ estimates overall in the quarter, with total revenue of $42.3 billion and adjusted earnings per share of […] …read more […]

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./VANCOUVER, BC, Oct. …read more […]

New innovations in artificial intelligence and machine learning have left an existential question to the workers: When does coding software replace the need for coders themselves? …read more […]

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss today’s FDA meeting about COVID-19. …read more […]

Volatility trading is different from other types of trading, yet it can be a profitable form of playing the stock market for those interested in pursuing it. Everyday trading tends to focus on the price of stocks. But volatility trading focuses on just what its name implies – volatility in the markets and in the price of a stock.
When we talk about volatility, we’re talking about the price movement of a stock or of a market. The higher the level of volatility, the more movement in the price. This movement can be in either direction: up or down.
In this article, …read more […]