Trading Ideas
Trump adresses coronavirus concerns
Yahoo Finance’s Julie Hyman shares the latest breaking news with President Trump addressing coronavirus concerns. …read more […]
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Business News
Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries.
Trading Ideas
Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones
The preliminary proposed class-action settlement was disclosed on Friday night and requires approval by U.S. District Judge Edward Davila in San Jose, California. It calls for Apple to pay consumers $25 per iPhone, which may be adjusted up or down depending on how many iPhones are eligible, with a minimum total payout of $310 million. Apple denied wrongdoing and settled the nationwide case to avoid the burdens and costs of litigation, court papers show. …read more […]
Trading Ideas
How the markets volatility may help intermediate and long-term investors
Some investors believe that the coronavirus is a black swan event. MV Financial Investment Strategist Arian Vojdani joins On the Move to discuss why instead of adjusting your portfolio’s this is really a buying opportunity for both intermediate and long-term investors. …read more […]
Trading Ideas
Trump's response to coronavirus outbreak has been 'sad': powerful ex-governor
Former Democratic Virginia governor Terry McAuliffe comments on the Trump administration’s handling of the coronavirus outbreak so far. …read more […]
Business News
Futures traders bet on big U.S. rate cut by Fed this month
The U.S. central bank will deliver a big dose of stimulus this month in a bid to protect the world’s biggest economy from the impact of the spread of the new coronavirus, traders of futures contracts tied to the Federal Reserve’s policy rate are betting.
Business News
Wall Street up in choppy trade, stimulus measures take center stage
U.S. stock indexes were slightly higher in choppy trading on Monday, as investors assessed the efficacy of further monetary stimulus amid the growing economic impact of the coronavirus outbreak.
Business News
Trump presses U.S. Federal Reserve to cut rates
U.S. President Donald Trump on Monday reiterated his call for the U.S. central bank to lower interest rates, tweeting that the Federal Reserve has been “slow to act” and should be more aggressive.
Business News
‘Neutron’ Jack Welch, who led GE’s rapid expansion, dies at 84
Jack Welch, who grew General Electric Co during the 1980s and 1990s into the most valuable public company in the United States, has died at age of 84, the conglomerate said on Monday.
Business News
Japanese minister tells Lebanon Ghosn should stand trial in Japan
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.
Trading Ideas
Markets move higher in volatile session
Yahoo Finance’s Alexis Christoforous speaks with Peter Tuchman of Quattro Securities live from the NYSE about the current market action. …read more […]
Business News
Goldman Sachs halts non-essential foreign business travel: memo
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters.
Trading Ideas
GE’s Top Wall Street Critic Upgrades, Says ‘We Were Wrong’
(Bloomberg) — General Electric Co. is gaining some favor over its top skeptic in Wall Street, who cited a better-than-expected performance last year.JPMorgan’s Stephen Tusa upgraded the shares to neutral from a sell-equivalent rating, citing 2019’s free cash flow that topped his predictions as well as an improved outlook for 2020. The analyst has held an underweight stance on the stock since April.“We were wrong,” Tusa said, noting that GE shares have outperformed the sector by 11% since that call.GE is big enough that it has many options to boost near-term cash in a given period even as there are …read more […]
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Trending ticker: Elliott Management reportedly looks to oust Twitter’s Jack Dorsey
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the market action for Twitter, as CEO Jack Dorsey goes head to head with Elliott Management. …read more […]
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JPMorgan, Other Hard-Hit Banks Start to Get Fresh Upgrades
(Bloomberg) — Some analysts are starting to see value in the beaten-down banking sector, with JPMorgan Chase & Co., Regions Financial Corp. and Fifth Third Bancorp attracting upgrades early Monday. But that wasn’t enough to stop the bleeding in share prices, as the KBW Bank Index extended recent losses in morning trading.The index dropped for a seventh day, declining as much as 1.3%, while JPMorgan shed as much as 1%.The index has sunk 20% so far this year, compared with an 8.1% decline in the S&P 500, as big banks have been hit particularly hard by concern the new coronavirus …read more […]