Alex Hamerstone, Head of risk management at TrustedSec, joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the recent cyberattack on Twitter that hit high profile accounts like Joe Biden, Warren Buffett, Elon Musk, Uber, and Apple.
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One analyst thinks Peacock, NBC’s new streaming service, has some distinct advantages that set it apart in a crowded space. …read more […]
Back when the CARES Act was passed in April, much was made over Congress’ somewhat surprising decision to leave the cruise lines out of its massive fiscal stimulus program. The act stipulated that recipients must be “created or organized in the United States or under the laws of the United States and has significant operations […] …read more […]
Chris Pollard, Cowen Head of Market Strategy joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets around Thursday’s opening bell. …read more […]
The global economy will not achieve a v-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell’s chief executive said. Ben van Beurden told an online interview with IHS Markit Chairman Dan Yergin that it was too early to know if demand for oil had peaked. The rapid growth in consumption of natural gas and liquefied natural gas in recent years has also been stalled, van Beurden said. …read more […]
We can readily understand why investors are attracted to unprofitable companies. Indeed, CEL-SCI (NYSEMKT:CVM) stock… …read more […]
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Emily McCormick break down the earnings results for Bank of America and Johnson & Johnson. …read more […]
The bank wrapped up second-quarter results for the big U.S. lenders that shook out along expected lines – trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup, which had to build massive reserves for loans that may go bust. Most Wall Street executives, however, have warned that the trading boom will not last for long. Morgan Stanley Chief Executive Officer James Gorman cautioned that the bank’s record-setting numbers would be hard to repeat in the coming quarters. …read more […]
Since March, the company has won U.S. authorization for five coronavirus tests, including one that can deliver results within minutes and is used at the White House, shielding it from a slide in demand for its medical devices and helping it beat second-quarter profit estimate. Abbott must be feeling very good about some of the diagnostics tailwinds to sustain into second half of the year to put a floor on earnings per share given the uncertainty around a second wave of infections and Medtech procedure volume trends, said Evercore ISI analyst Vijay Kumar. Peer Quest Diagnostics Inc said …read more […]
Domino’s is one of the few restaurant chains to see a boost in sales as consumers sought the comfort of pizzas and relied on their fast delivery. The world’s largest pizza company said consumers’ ordering behavior during the pandemic led to the sharp rise in numbers. Domino’s also introduced a new contactless carside delivery option for carryout orders, which allow diners to choose where they would like their order placed – the passenger side, back seat or the trunk of their car. …read more […]
A deluge of earnings and data painted a mixed picture of the fledgling U.S. recovery, as new COVID-19 cases threaten the economy. …read more […]
New jobless claims declined by a smaller than expected margin in the Labor Department’s new report Thursday, as a surge in US virus cases threatens the pace of the labor market’s recovery. …read more […]
(Bloomberg) — The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.As Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.“Get out now or risk the …read more […]
The good days for the stock market won’t last, says David Rubenstein, a billionaire investor and co-founder of private equity giant Carlyle Group, who cautioned against bullish near-term market expectations citing a disconnect between rising equity prices and a sluggish economy. …read more […]
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