President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries agreed on at the beginning of the year.
China’s Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company’s social entertainment services business, sending its shares down 4.5% in extended trade.
Oklahoma’s energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices.
(Bloomberg) — BlackRock Inc. said PNC Financial Services Group Inc. will exit its full investment in the world’s largest asset manager.PNC will offer the shares in a public secondary offering, BlackRock said in a statement Monday. As part of the transaction, BlackRock will buy back $1.1 billion in the shares directly from the firm.The decision concludes years of questions over how long PNC would hold on to its stake in BlackRock, where it was the largest holder at 22%. PNC played a crucial role in BlackRock’s history, acquiring it for $240 million in 1995. The move split it from alternative …read more […]
Investor’s Advantage Corp Founder and President John Grace joins Yahoo Finance’s Seana Smith to discuss the market outlook as investors weigh some states reopening their economies amid the coronavirus pandemic. …read more […]
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.
Tesla Inc on Monday told employees at its California vehicle factory to return to work, a few days after local officials said the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.
On Saturday, Tesla filed a lawsuit against Alameda County for not allowing the company to restart operations at its factory based in Fremont, California, and CEO Elon Musk threatened to move Tesla’s headquarters to Nevada or Texas. By Monday, multiple reports emerged that employees were spotted at the factory, and that Tesla began making cars again. The Final Round panel discusses what’s next for the automaker. …read more […]
California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is located.
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.
Shares of AMC Entertainment got a much needed bump after Amazon reportedly expressed interest in buying the movie theater chain. Yahoo Finance’s Dan Howley joins Seana Smith to discuss. …read more […]
COVID-19 has devastated the global economy and the oil market, but both the economy and the oil market look set to begin their respective recoveries in the near-future …read more […]
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