Articles by admin

“In an effort to best prepare our pilots should furloughs be needed, Delta will send required notices to approximately 2,500 pilots,” a Delta spokesperson said in a statement, adding that the so-called ‘WARN’ notices will be sent next week. Delta also reached a tentative agreement with the Air Line Pilots Association (ALPA) labor union on a pilot-specific voluntary early retirement option. ALPA did not immediately respond a request for comment after office hours. …read more […]

(Bloomberg) — Tencent Holdings Ltd. is rolling out a live-streaming service similar to Amazon.com Inc.’s Twitch in the U.S., making a rare foray into American social media.China’s largest company has been quietly testing a mobile-focused streaming network via an affiliate in the U.S. since at least March. Initially called Madcat and now branded Trovo Live, the new service closely resembles Twitch in its appearance and functionality. Beyond Tencent’s own portfolio of popular games like Fortnite and PUBG Mobile, Trovo also spotlights marquee titles like Grand Theft Auto and Destiny 2. This week, it detailed plans on its website to entice …read more […]

A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard , Mark Tolentino, told Reuters that he was surprised to be linked to the German payments firm and that he was the “victim of a frame-up”. Wirecard went bankrupt earlier this week after disclosing that $2.1 billion of cash supposed to be in bank accounts in the Philippines probably didn’t exist. The revelation led to the arrest of its former chief executive and has triggered probes in Germany, Brussels and the Philippines as investigators try to determine what happened. …read more […]

Unfortunately, the coronavirus isn’t going anywhere just yet, as the surge of infections in parts of the US shows no signs of slowing down. In many areas, the number of cases has continued to rise; Seven states — Arizona, Arkansas, California, North Carolina, South Carolina, Tennessee and Texas — reported the highest amount of hospitalizations since the pandemic’s onset.To help in the battle against COVID-19, diagnostics specialist Biocept (BIOC) has entered the fray. The micro-cap has manufactured 10,000 nasopharangeal swab collection kits, which will be available by 3Q to conduct PCR testing for COVID-19 in California.Maxim analyst Jason McCarthy believes …read more […]

(Bloomberg) — Critics of Facebook Inc. who have assailed the social network as failing to adequately police hateful and misleading content on its service found a powerful ally Friday: Unilever, one of the world’s largest advertisers, said it would stop spending money with Facebook’s properties this year.The decision by the maker of major consumer goods like Dove soap and Hellmann’s mayonnaise to follow other brands in an advertising boycott, prompted a rare reaction from Facebook’s investors. Shares plunged 8.3% on the news, eliminating $56 billion in market value. Unilever’s pledge applies immediate pressure on other big companies and presents a …read more […]

New Super PAC ‘Defeat by Tweet’ aims to use Trump’s go-to communication platform against him. …read more […]

The biggest worry surrounding American Airlines Group (AAL) was the large debt load and whether the company could get back to cash flow positive quick enough to repay debt. For this reason, a lot of people have speculated on whether the weaker airline would go bankrupt.The airline just raised about $2 billion reducing the bankruptcy fears. The bigger question all along was whether the airline had value here around $12.50, not whether American Airlines was ever going to end up bankrupt. Equity RaiseAmerican Airlines raised nearly $2 billion via an equity offering of 74.1 million shares and $1 billion via …read more […]

Markets are uncertain all the time, but sometimes they might be even more uncertain.
The concept of “even more” is interesting when it comes to uncertainty. It implies there are degrees of uncertainty!
Well, there are…
And the market has a measure for those degrees in the form of the volatility index. But that’s not what I am going to teach you today.
Today is all about when you should make a trade on an event that may hurt your position and put pressure on the long positions in your portfolio. You see, the clear majority of people bet only one way – on …read more […]

(Bloomberg) — Occidental Petroleum Corp., the oil producer that earlier this year slashed its dividend to a penny per share, plans to issue roughly 113 million warrants to holders of its common shares.Investors will get an eighth of a warrant for every share held and each warrant will entitle them to purchase one share at $22, the Houston-based company said in a statement. The stock closed Friday at $17.69.The move won the support of one the company’s largest investor, Carl Icahn. “I am glad that at this juncture the entire board as well as management is committed to enhancing stockholder …read more […]

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Spencer Rascoff, Co-founder and Fmr. Zillow CEO and dot.LA Founder, joins Yahoo Finance to discuss the trajectory for real estate across the U.S. and technological advancements in the field. …read more […]

Eurasia’s Ian Bremmer weighs in on the escalating tensions between the U.S. and China. …read more […]

The firm has been under pressure to improve its moderation of the content on its platform. …read more […]

(Bloomberg) — Facebook Inc. and Twitter Inc. shares tumbled Friday after Unilever, one of the world’s largest advertisers, said it will halt all U.S. advertising on both platforms, fueling concerns that other major consumer brands may follow suit.Unilever, which owns names like Hellmann’s mayonnaise and Axe shower gel and has an annual advertising budget of almost $8 billion, said it won’t advertise on Facebook, Twitter and Facebook-owned Instagram for the rest of the year because of the hate speech and polarized politics that users often post.“Continuing to advertise on these platforms at this time would not add value to people …read more […]

Stocks closed out Friday’s session sharply lower after Texas and Florida reversed their reopening processes and closed bars and limited restaurant capacity following surges in coronavirus cases. Each of the three major indices fell more than 2%, and the S&P 500 dropped to its lowest level in two weeks. …read more […]