AES CEO & President Andres Gluski joins Yahoo Finance, brought to you by Verizon, to discuss the company’s decision to move away from coal energy, and how the coronavirus has impacted the business. …read more […]
Markets have been nosediving in recent sessions, as the coronavirus scare spreads. While public health professionals are trying to cope with the spread, and to educate the public, the economic effects are real. Quarantines and travel restrictions have impacted airlines, shipping companies, and factories. Demand for oil is down, pushing down prices and hurting energy stocks. Tech companies, especially those with supply chains based in China, are feeling the pain as well.But in the markets, what goes down will (usually) come back up. Low prices may hurt right now, but they are also an opportunity – to buy in. A …read more […]
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.
Farm equipment maker Deere & Co on Monday named Chief Executive Officer John May chairman, effective May 1.
U.S. stocks bounced back from recent losses on Monday, as the focus turned to assurances of central bank stimulus to counter the economic fallout from the coronavirus outbreak.
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator.
(This March 1 story has been refiled to show that the consortium is led by Advent and Cinven)
(Bloomberg) — Twitter Inc. shares rose in early trading Monday after Bloomberg reported that activist investors have built a sizable stake in the social media company and are pushing for changes, including possibly replacing co-founder and Chief Executive Officer Jack Dorsey.The company’s shares climbed about 7% premarket in New York. They closed at $33.20 apiece Friday, giving the San Francisco-based company a market value of about $26 billion.When Twitter executives met their activist investor agitators from Elliott Management Corp. for the first time last week, the man with the most to lose was absent. Dorsey didn’t attend the Friday night …read more […]
Let’s talk about the oil industry. The coronavirus outbreak is impacting demand, as quarantines and travel restrictions reduce airline bookings, ship sailings, trucking schedules – all the fuel-burning transport of the modern world. And as demand goes down, production will fall, oil prices will fall, oil sales will fall – and share values in the energy sector will drop. One indicator, at least, is already clear: the oil benchmark, Brent, is down 17% since February 20.But the coronavirus outbreak will pass. A vaccine will be found, quarantines will be lifted, trade and travel will resume – the ripples will weaken …read more […]
Regional conflict sowed by Iran is a bigger threat to the world and Trump than the coronavirus, Nouriel Roubini told Yahoo Finance. …read more […]
Former chairman and CEO of industrial giant General Electric Jack Welch has died at the age of 84. His wife Suzy announced his death, according to CNBC. …read more […]
(Bloomberg) — New York Governor Andrew Cuomo said he expects more cases after the state identified its first coronavirus patient, while Iran and South Korea reported another surge in infections. The OECD warned that global economic growth will sink to levels not seen in more than a decade and stocks resumed declines.The European Union set up a special team to deal with the outbreak as cases rose from Italy to Spain. Earlier, central banks pledged to respond to the rout in markets. Goldman Sachs predicted the Federal Reserve will cut rates by half a point and money markets are anticipating …read more […]
Britain unveiled its mandate for trade talks with the United States on Monday, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the “special relationship” between the two countries.
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