Year: 2020

(Bloomberg) — WeWork and its primary backer, SoftBank Group Corp., paid Adam Neumann only a portion of the $185 million fee that was part of his controversial exit package as chief executive officer, a person familiar with the transaction said.The fee was tied to a noncompete agreement for Neumann, said the person, who asked not to be identified because the details are private. A portion of the payment depended on the completion of a deal to acquire WeWork stock from Neumann and other shareholders, the person said. SoftBank backed out of that stock transaction, a move that is the subject …read more […]

Stock futures traded higher as the overnight session kicked off Monday, with investors hoping that lawmakers might succeed in coming to an agreement for more stimulus ahead of the November election. …read more […]

(Bloomberg) — International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.Earlier this month IBM announced plans to shed its division that manages corporate computer systems and go all-in on cloud services and artificial intelligence to help revive fortunes at the 109-year-old company. After two years of declining or flat revenue, IBM is hiving off the unit that handles day-to-day infrastructure service operations and accounts for about a quarter of the company’s total sales. But that business has …read more […]

(Bloomberg Opinion) — Intel Corp. has stumbled lately. To right itself, the semiconductor giant needs to get back to basics and prioritize its main business. An exit from the memory industry would help that effort.On Monday, the Wall Street Journal reported that Intel is close to selling it memory-chip subsidiary to SK Hynix Inc. for about $10 billion, citing people familiar with matter. Despite large investments in flash memory, Intel has never been able to become a big player in these types of semiconductors, which are used in storage devices inside computer hard drives and consumer electronics. That’s a problem …read more […]

Stocks ended near session lows on Monday, with the Dow falling more than 400 points as shares of Johnson & Johnson, Microsoft and Apple weighed on the blue-chip index. Meanwhile, the Nasdaq logged its fifth straight day of declines, as investors continued to weigh fading prospects of a near-term stimulus package, and eyed still-rising coronavirus cases in the U.S. …read more […]

Trends Expert Matthew Carr gives three holiday shopping tips to help you keep money in your pocket. Although the holidays can give investors great investment opportunities, Matthew notes another way to reach financial freedom: saving money.
I often say that this is my favorite time of year because of all the profitable trends coming to a head.
But beyond the potential investment opportunities it offers, this season can lead to some financial stress… especially when it comes to gift giving and money.
Holiday Shopping Tips to Help You Save Money
Look, we’ve all been there.
We want to lavish our friends and loved ones with …read more […]

On Monday, IBM reported third-quarter revenue and EPS that were in-line with Wall Street estimates, with $17.6 billion in revenue and $2.58 in EPS. Emily McCormick breaks down the company’s results on The Final Round. …read more […]

The results come just weeks after Big Blue surprised investors with its announcement of splitting itself into two public companies, placing big bets on cloud computing to drive its future growth. “We continue to see a very strong pattern in acceleration of our clients’ digital transformation … We are seeing that play out in our Red Hat business,” Chief Financial Officer James Kavanaugh told Reuters. IBM’s total revenue fell 2.6% to $17.56 billion in the reported quarter, but was slightly above analysts’ estimates of $17.54 billion, according to IBES data from Refinitiv. …read more […]

(Bloomberg) — International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.Earlier this month IBM announced plans to shed its division that manages corporate computer systems and go all-in on cloud services and artificial intelligence to help revive fortunes at the 109-year-old company. After two years of declining or flat revenue, IBM is hiving off the unit that handles day-to-day infrastructure service operations and accounts for about a quarter of the company’s total sales. But that business has …read more […]

Want to upgrade to the iPhone 12? Here’s how to make sure you transfer all of your most important data from your old phone to the new one. …read more […]

Netflix is set to report its third quarter earnings report after hours on Tuesday. Consensus analysts are expecting strong third quarter earnings results, with its sales growing 22% over last year and 3.3 million in new paid streamers (per Bloomberg data). Yahoo Finance’s Final Round panel discuss what to expect from the streaming company’s third quarter. …read more […]

It’s a mixed bag when it comes to opinions on penny stocks. These tickers trading for less than $5 per share divide Wall Street like no other; market watchers either love them or hate them.It’s easy to understand the appeal. First and foremost, you get more bang for your buck. On top of this, with shares changing hands for bargain prices, even what seems like miniscule share price appreciation can translate to monstruous percentage gains. For some, however, the risk poses too great a threat to ignore. When you look under the hood of these low-priced names, you might …read more […]

The trend is your friend. Every investor has heard it.
To maximize returns in the stock market, you must be on the right side of unfolding developments.
But which ones?
Reported cases of COVID-19 are rising, here and abroad. Millions of businesses are either shut down or running at reduced capacity. And the world is on track for the biggest annual economic contraction since the Great Depression.
These trends are negative.
On the other hand, energy is cheap. Inflation and interest rates are low. We have unprecedented monetary and fiscal stimulus. And third quarter GDP growth – when announced by the Bureau of Economic Analysis …read more […]

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we’ll want to notice a… …read more […]

Yahoo Finance’s Akiko Fujita and Ryan Detrick, LPL Financial Chief Market Strategist, discuss market reaction as stimulus negotiations continue. …read more […]