Year: 2020

The Diet Coke, Fanta and Sprite maker generates about half of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as McDonald’s Corp and AMC Entertainment Holdings Inc, but most of them had to close some or all of their operations under government-mandated curbs to fight the health crisis. “We believe the second quarter will prove to be the most challenging of the year; however, we still have work to do,” Chief Executive Officer James Quincey said in a statement. Unit volume, a key measure that indicates demand, declined 16%, with Coca-Cola …read more […]

IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter. Krishna took over as chief executive officer from Ginni Rometty in April, while appointing former Bank of America Corp’s top technology executive, Howard Boville, as the new head of the cloud business. …read more […]

Stock futures rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The risk rally also sent crude oil prices up more than 2% to more than $42 per barrel. …read more […]

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes… …read more […]

Chief financial officer Joanne Crevoiserat named interim ceo at the Coach, Kate Spade parent. …read more […]

This article will reflect on the compensation paid to James Oliviero who has served as CEO of Checkpoint Therapeutics… …read more […]

My “Christian libertarian environmentalist capitalist lunatic farmer” persona did not fit in at the Libertarian National Convention earlier this month in Orlando.
I was invited to give several presentations. Some were red meat for libertarians. Others were meant to challenge attendees… especially my speech on the tension between environmental stewardship and individual use of property.
And that’s what I’d like to talk about today.
Mistaken Identity
Every attendee I talked to lamented the fact that the general public thinks libertarians don’t care about the environment.
Libertarians promote property rights, after all. To radical environmentalists, individual property rights are a license to pillage, exploit and rape …read more […]

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Gold prices will push towards record highs over the next 18 months as the coronavirus crisis encourages investors to hoard the metal as a hedge against possible turmoil in the wider markets, a Reuters poll showed. Spot gold is one of this year’s best performing assets, with prices up almost 20% and above $1,800 an ounce for the first time since 2011. …read more […]

Every investor in Roku, Inc. (NASDAQ:ROKU) should be aware of the most powerful shareholder groups. Large companies… …read more […]

Top news and what to watch in the markets on Tuesday, July 21, 2020. …read more […]

(Bloomberg) — South Sudan is banking on a better year in 2021 after efforts to rebuild its oil industry were knocked by the coronavirus and a collapse in crude prices.“We experienced prices that had never been there before and we are running at a loss” along with private operators, Awow Daniel Chuang, the undersecretary in the Ministry of Petroleum, said in an interview in Juba, the capital. “We have been affected much more than others because South Sudan, being a new country just emerging from war, has a lot of challenges.”South Sudan’s official oil production dropped 20,000 barrels to 170,000 …read more […]

Shares in Acadia Pharmaceuticals (ACAD) plunged 12% in Monday’s extended trading, after the company announced disappointing top-line results from its 298 patient Phase 3 CLARITY study evaluating pimavanserin as an adjunctive treatment for major depressive disorder (MDD).The study did not achieve statistical significance on the primary endpoint which was the 17-item Hamilton Depression Rating Scale (HAMD-17) total score change from baseline to week 5. Pimavanserin 34 mg, given once-daily as an adjunctive treatment to standard antidepressant therapy was associated with a mean reduction of 9.0 in HAMD-17 total score compared to 8.1 for placebo as an adjunctive treatment (p=0.296).Positive results …read more […]

(Bloomberg) — Stocks advanced globally alongside U.S. equity futures after European leaders reached a deal on a landmark stimulus package. The dollar slipped.The Stoxx Europe 600 Index opened higher on gains in tech and auto shares. A gauge of risk in the region’s investment-grade debt dropped to the lowest since February. Equities rose across Asia, with Australia outperforming after the government boosted job subsidies.S&P 500 contracts climbed after the benchmark turned positive for the year and the Nasdaq 100 jumped to a record on demand for companies like Amazon.com Inc. and Zoom Technologies Inc. that benefit from more people staying …read more […]

IBM Corp. (IBM) reported better-than-estimated profit in the second quarter driven by sales of its cloud computing business sending shares up almost 5% in extended market trading on Monday.The stock surged to $132.25 in Monday’s after-market trading. IBM’s total revenue in the second quarter dropped 5.4% to $18.12 billion year-on-year, coming in above analysts’ estimates of $17.72 billion. Adjusting for the impact from currency and divested businesses, revenue slipped 1.9%. Meanwhile total cloud revenue surged 30% to $6.3 billion in the reported quarter.Excluding items, the company earned $2.18 per share, exceeding analysts’ expectations for $2.07 per share. IBM’s focus of …read more […]