One potential side effect of the U.S. Federal Reserve’s efforts to pump liquidity into the banking system and avoid further unwanted surges in short-term borrowing rates: The central bank may soon have to take measures to keep interest rates from getting too low.
AR and Interactive Video combine to create world’s most compelling training platform NEW YORK and TORONTO, Jan. 28, 2020– NexTech AR Solutions (the “Company” or “NexTech”) (otcqb:NEXCF) (NTAR)(N29) NexTech AR Solutions, the industry leader in […]
(Bloomberg) — BorgWarner Inc. agreed to acquire Delphi Technologies Plc for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.The deal values Delphi Technologies at about $3.3 billion including debt, according to a statement Tuesday. Its shares surged a record 66% to $16.30, the highest intraday since September. BorgWarner plunged as much as 8.4% to $35.14, the lowest since October.Both BorgWarner and Delphi’s engine and transmission businesses are expected to enter a period of decline as carmakers consolidate and pivot to electric cars. The suppliers have …read more […]
Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of shoes made with the Parley for the Oceans initiative, the sportswear firm said on Tuesday.
(Bloomberg) — 3M Co. dropped the most in nine months after revealing it had received a grand jury subpoena in an environmental probe and saying it would cut 1,500 jobs amid slumping markets including car parts and electronics.The pared workforce is part of a restructuring — affecting “all business groups, functions and geographies” — starting this month that will recast reporting lines and consolidate manufacturing oversight, 3M said in a statement Tuesday as it reported earnings. The company anticipates pretax savings of as much as $120 million a year from the changes.The cuts, on top of 2,000layoffs announced in April, …read more […]
CytoDyn and IncellDX in discussions with potential partners about the use of leronlimab to treat 2019 Novel Coronavirus (2019-nCoV) VANCOUVER, Washington, Jan. 28, 2020 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology […]
Oil futures steadied somewhat on Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid fears that the coronavirus, which has claimed over 100 lives in China, could weigh on oil demand.
U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns that a coronavirus outbreak in China could hit global economic growth.
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Edmund Heaphy break down what’s happening today overseas. …read more […]
Lockheed Martin Corp forecast 2020 revenue above analysts’ estimates on Tuesday, as the Pentagon’s No.1 weapons supplier’s late 2019 results benefited from better jet and missile sales and heightened geopolitical tensions in the Middle East.
Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc .
IESE Business School Associate Professor of Strategic Management Mike Rosenberg joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the spread of the Coronavirus and its effects on big business operating in the country on The First Trade. …read more […]
Earlier this month, McDonald’s expanded its Beyond Meat vegan burger trials in Canada, catering to the growing demand for plant-based proteins in fast-food restaurants. Many experts said a nationwide rollout of chicken sandwiches and not plant-based options would put McDonald’s ahead in the fast-food battle. “We’re giving our customers more of what they crave: mouthwatering chicken and breakfast options,” the company’s vice president of menu innovation, Linda VanGosen, said in a statement. …read more […]
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.
(Bloomberg) — When Tesla Inc. reports earnings Wednesday, Elon Musk will be trying for a repeat performance.The electric-car maker’s shares have been on an unprecedented ascent since the chief executive officer crammed his last release with positive updates. Tesla didn’t just blow earnings estimates out of the water, returning to profitability faster than Wall Street was expecting. Musk also reported being ahead of schedule opening a China plant and bringing out the Model Y crossover, kicking off a rally that’s been buoyed since then by record deliveries.Tesla will have to clear a higher bar this time. Analysts are expecting an …read more […]
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