Year: 2020

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google said Thursday that it would make its Chat service available for free to all users beginning the first half of 2021.What Happened: Chat will replace Google’s Hangout service, and users of the latter would be migrated automatically along with their existing conversations, Google’s group product manager Matthew Leske said in a statement.Chat is a part of the paid business-focussed Google Workspace. That service was unveiled earlier this month and contains Gmail, Calendar, Drive applications, which earlier formed a part of its G Suite service. The messaging service would be available as part …read more […]

(Bloomberg) — World Bank Chief Economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging.“This did not start as a financial crisis but it is morphing into a major economic crisis, with very serious financial consequences,” Reinhart said in an interview with Bloomberg Television. “There’s a long road ahead.”Reinhart, who took her new role in June, is best known for her work with then-Harvard colleague Kenneth Rogoff on the last financial crisis in their 2009 book “This Time Is Different: Eight Centuries of Financial Folly.” It …read more […]

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(Bloomberg) — Nikola Corp.’s chief executive officer sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.Talks between the two companies are ongoing, but if a tentative technology-sharing and manufacturing deal announced last month falls apart, Nikola will revert to a “base plan” without GM’s help, CEO Mark Russell said in an interview Thursday.“We have the ability and we have a base plan of doing it ourselves. If we have a partner, that just enables us to consider going faster and helps …read more […]

It has been an action-packed week so far for pharma giant Johnson & Johnson (JNJ).On Tuesday, the company reported Q3 earnings with results handily beating the estimates. JNJ posted revenue of $21.08 billion, a 1.7% year-over-year increase and higher than the $20.21 billion consensus estimate. Non-GAAP EPS of $2.20 beat the Street’s forecast by $0.22.Looking ahead, JNJ raised its 2020 guidance and now expects revenue to come in between $81.2 billion to $82.0 billion, up from the previous call for between $79.9 billion and 81.4 billion. Non-GAAP EPS was also raised from $7.85 at the mid-point to $8.00 at the …read more […]

For content delivery and edge computing company Fastly (FSLY), its third quarter was a letdown, to put it lightly. Shares tumbled 30% over the past two trading sessions, after it was revealed that Q3 2020 revenue is expected to come in at $70-71 million, below the previous guidance of $73.5-$75.5 million.Who’s to blame for this miss? TikTok. Weaker-than-expected traffic volume and the subsequent drop in revenue from the video sharing platform, which is FSLY’s largest customer, was behind the disappointing showing. Instagram’s launch of Reels and political uncertainty could have driven viewing time away from TikTok’s social media platform in …read more […]

Asset manager Eaton Vance (NYSE: EV) has some very happy shareholders these days.
Let me show you why…

Za-za-za-zoom!
Eaton Vance shares are up 84% in the past six months, with almost all of that increase coming in just one day.
The catalyst that created this huge share price jump was the announcement that Morgan Stanley (NYSE: MS) was acquiring Eaton Vance for nearly $60 per share.
That was a huge premium to the $36 share price that Eaton Vance was trading at the day prior.
After seeing their shares go nowhere for months, Eaton Vance shareholders were rewarded with several years’ worth of stock market …read more […]

MONTREAL, Oct. 15, 2020 /CNW/ – Turquoise Hill Resources Ltd. …read more […]

Rates have sunk to another level that would have been unthinkable not long ago. …read more […]

The Blockbuster Earnings Season Kickoff is almost here. There’s a huge investing opportunity with this round of earnings announcements. With this event, you’ll discover how to identify the pandemic’s big winners and avoid the losers.
It’s a free video event and you’ll learn directly from Marc Lichtenfeld, the Oxford Club’s Chief Income Strategist. He has a proven track record of picking winning stocks. I’ll include some past feedback he’s received below. But first, let’s dive into this event’s details…

What is the Blockbuster Earnings Season Kickoff?
The pandemic’s impact on earnings was just beginning in the first quarter. And the second quarter was …read more […]

The fitness industry has changed, and Peloton (PTON) stands to reap the benefits. Truist Securities’ Youssef Squali recently surveyed 1,500 consumers to gain insights on exercise habits and related preferences, with the findings only reaffirming the analyst’s confidence in PTON.Throughout most of the U.S., gyms have reopened, but consumers aren’t hitting the locker room. Still nervous about going back to fitness centers, only 45% of respondents have been to a gym or an exercise class since the onset of the pandemic. Additionally, 33% are visiting the gym less frequently than before COVID-19.Going forward, most survey participants noted that their longer-term …read more […]

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(Bloomberg) — Even before the pandemic, Laura Ratliff hated car shopping. She was hunting for a well-worn, yet dependable, Toyota SUV, but the options didn’t much impress her. When she got to a certain point with a model or two, they failed inspections with her mechanic. It didn’t help that the dealers she met fit the stereotype—unctuous and inspiring zero trust. She peeked at some listings on Craigslist, too, but those sellers were sketchier still.By May, as the Brooklyn, N.Y.-resident found herself in the epicenter of the virus outbreak in the U.S., she gave up the search. As a travel …read more […]

Many investors have heard about trading on margin, but many also ask the question: how does margin work in trading? Is it a good strategy? Is it risky? Should traders use it? And these are all good questions.
By the end of this article, you should have a solid understanding of how margin works in trading, and you will also have a sense of whether or not trading on margin could be right for you.
It’s important to note up front that margin trading is a risky strategy. It can multiply your gains on a position, but it can also multiply your …read more […]