No Picture
Trading Ideas

Intel's data center chip sales fall short, shares slide 10%

Revenue from Intel’s data-center business fell 7% to $5.9 billion in the reported quarter, while analysts on average had expected revenue of $6.21 billion, according to FactSet. Intel is the dominant provider of processor chips for PCs and data centers, but the company has struggled with manufacturing delays, saying in July that its next generation of chipmaking technology has slipped six months behind schedule. The pandemic has given Intel a boost in the form or surging laptop sales as employees and students work and learn from home. …read more […]

No Picture
Trading Ideas

MARKETS: Making the case for bitcoin $280,000 — YF Premium is bullish on Procter & Gamble (PG)

Yahoo Finance’s Jared Blikre joins Myles Udland to break down the day’s price action in bitcoin as well as a long in Procter & Gamble (PG), a Yahoo Finance Premium Investment Idea. Not a subscriber? Start your free trial to join our next webinar on Wednesday, November 4 at 2:00pm ET live! …read more […]

No Picture
Trading Ideas

Were Hedge Funds Right About Piling Into American Tower Corporation (AMT)?

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […] …read more […]

No Picture
Trading Ideas

Pelosi Says ‘Just About There’ on Stimulus; Senate Hurdle Awaits

(Bloomberg) — House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are “just about there” on resolving a key piece of a coronavirus relief package, even as there are significant differences still being negotiated.Pelosi said she and Mnuchin were nearing agreement on how to allocate money for testing and tracing to safely reopen schools and the economy, a key aspect in the talks. She said they still haven’t settled three of the main sticking points: Democrats’ demands for aid to state and local governments, school funding and Republican insistence on a liability shield for employers.Pelosi and Mnuchin are …read more […]

No Picture
Trading Ideas

Goldman Gets Record 1MDB Fine; Solomon Faces Pay Reduction

(Bloomberg) — Goldman Sachs Group Inc. will pay a record foreign bribery penalty in the U.S. and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund.A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to divert billions of dollars raised for economic development in Malaysia. The Wall Street giant will also force Chief Executive Officer David Solomon and his predecessor Lloyd Blankfein to return some of their compensation, according to a person briefed on the matter.The parent company avoided conviction …read more […]