Year: 2020

(Bloomberg) — Qualcomm Inc. gave a strong sales forecast for the current quarter, signaling that fifth generation mobile phone services are taking off. The chipmaker also announced a new licensing deal with China’s Huawei Technologies Co., sending shares up more than 12% in extended trading.Revenue excluding certain items will be $5.5 billion to $6.3 billion in the period ending in September, the San Diego-based company said Wednesday in a statement. Analysts, on average, estimated $5.77 billion, according to data compiled by Bloomberg. Including back payments from Huawei, sales will be $7.3 billion to $8.1 billion, the company said. Profit, excluding …read more […]

Up until a few years ago, energy storage was expensive. Many thought it a poorly understood, niche technology.
But technology marches on. And battery energy storage technology does as well.
Prices for this tech are dropping. And energy densities and demand are increasing.
Energy storage is big. And it’s about to get even bigger.
Record-Breaking Year
2020 was shaping up to be a record-breaking year for the U.S. energy storage sector. And it started out strong.
The first quarter saw residential energy storage rise a record 10%.
Then the coronavirus hit.
In April, residential energy storage fell 40% from March’s level.
I’m not surprised. There aren’t many sectors that …read more […]

Chairman Powell and company are maintaining policies that have dropped rates to new lows. …read more […]

(Bloomberg) — PayPal Holdings Inc. saw spending on its platform surge as more merchants switched to online sales in the midst of the coronavirus pandemic.Total payment volume jumped 30% to $222 billion in the second quarter, topping the $208 billion average of analyst estimates and helping the company notch record revenue.Key InsightsThe technology giant has benefited from consumers’ desire to do more of their shopping online as they seek to limit the spread of the coronavirus pandemic. PayPal expects revenue to climb 25% in the third quarter while payments volume surges 30%. For the full year, PayPal said revenue should …read more […]

Which stocks have been the stars of 2020? Biotechs. Amid the onset of the global health crisis, companies advancing COVID-19 vaccines, treatments and testing kits have seen their shares take off rapidly on an upward trajectory. That said, Wall Street focus has locked in on the space for a different reason, namely merger & acquisition (M&A) activity.Sure, against the backdrop of the pandemic and the resulting economic downturn, some names have opted to put a temporary hold on deal activity given the uncertainty that remains. That’s not to say deals aren’t being made. Based on data from Refinitiv, in the …read more […]

Amazon founder and CEO Jeff Bezos testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law. …read more […]

Every investor in Lumber Liquidators Holdings, Inc. (NYSE:LL) should be aware of the most powerful shareholder groups… …read more […]

J.C. Penney is looking to go forward with a sale of the business to avoid a brush with liquidation. Store closing sales are underway at 150 locations. …read more […]

It’s a big question: How to retire early? For some the very idea may sound like a pipe dream. Others still might feel that the risks of early retirement outweigh the benefits. And it’s worth noting that retirement can come with its share of dangers.

The very idea of retiring can be a scary one. Older adults fear running out of money in retirement more than they actually fear dying. But it’s not just a lack of savings that pose a risk for retirees.
The Harvard School of Public Health shone a direct light on those dangers in its ongoing U.S. Health …read more […]

Former Federal Reserve Adviser and Dartmouth College Economics Professor Andrew Levin and Wells Fargo Head of Credit Strategy Winnie Cisar, join Yahoo Finance’s Akiko Fujita to break down the Federal Reserve’s decision to hold rates steady at near-zero. …read more […]

The Federal Reserve on Wednesday maintained interest rates at near-zero, noting that economic activity and employment have “picked up somewhat in recent months” but cautioning that the virus needs to be contained. Yahoo Finance’s Brian Cheung joins Akiko Fujita to discuss.
…read more […]

Tech CEOs push America-first narrative in antitrust hearing to sway lawmakers. …read more […]

New Gold Inc.’s (TSE:NGD): New Gold Inc., an intermediate gold mining company, engages in the development and operation… …read more […]

Kodak’s stock skyrocketed by over 500% in intraday trading, taking Wall Street by surprise after mostly flatlining in recent years. …read more […]

This summer has seen policies and economic forecasts move in see-saw fashion, as state economies opened up, restrictions were lifted – and then the dreaded ‘second wave’ of COVID-19 showed signs of appearing, prompting new lockdowns in California and a mask mandate in Texas. Investment bank Goldman Sachs, which had been forecasting a gangbusters growth rate of 33% in Q3, now sees the economy beginning to slow. The firm is guiding toward 25% growth in third quarter, and a July-August ‘pause’ in consumer services.Still, according to Goldman’s chief economist Jan Hatzius, “The recent declines are minor compared to the collapse …read more […]