Investors in Philip Morris International Inc. (NYSE:PM) had a good week, as its shares rose 6.2% to close at US$88.75… …read more […]
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking… …read more […]
Japan’s MUFG and Mizuho have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit’s impact on financial services in Britain.
Oil rose to more than $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy destruction of oil demand.
The S&P 500 and the Nasdaq opened at all-time highs on Tuesday after top Chinese health adviser said the coronavirus outbreak may peak this month, while Sprint’s shares soared after winning a federal judge’s approval for its merger with T-Mobile.
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss Sprint’s market action. …read more […]
Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress on Tuesday, but he cited a potential threat from the coronavirus in China and concerns about the economy’s long-term health.
PNC Financial Chief Economist Gus Faucher joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss what can be expected from Jerome Powell’s testimony to the House of Representatives on The First Trade. …read more […]
The S&P 500 and Nasdaq indexes were set to hit record highs at the open on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares soared after winning a federal judge’s approval for its merger with T-Mobile.
New York Attorney General Letitia James said Tuesday the state may appeal a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp.
A federal judge on Tuesday approved wireless carrier T-Mobile US Inc’s takeover of Sprint Corp, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices.
(Bloomberg) — For the past few months, Under Armour Inc. executives have promised that 2020 would be the coming-out party of a brand-new company, a shift from defense to offense after a multiyear restructuring and a change in leadership.Tuesday, they went back on the defensive. After revealing fourth-quarter results and 2020 projections that trailed analysts’ expectations, the company issued a sobering set of expectations for investors.Revenue in 2020 will trail the consensus estimate of $5.51 billion by a wide margin. The coronavirus could hurt sales by $60 million in the next few months, with more harm down the line. And …read more […]
Companies to pursue revenue opportunities from digital likenesses of iconic brands New York, NY, Feb. 11, 2020 — Facebank Group, Inc. (OTC: FBNK), a leading digital human technology company focused on the development, protection and […]
Finland’s biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2% to 1.39 billion euros ($1.52 billion) although core earnings slipped 4%.
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