Lawyers for Huawei’s chief financial officer won a court battle when a judge asked Canada’s attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou.
GameStop Corp reported a plunge in quarterly sales and slashed its full-year profit forecast on Tuesday, as the company struggles with consumers delaying purchases ahead of the launch of new consoles, sending its shares plunging 21%. Latest versions of Sony Corp’s PlayStation and Microsoft Corp’s Xbox are due to be unveiled next year, with video game and console retailers also hit by the shift to downloadable or streamable games and away from physical versions. GameStop now sees full-year earnings per share in the range of 10 cents to 20 cents, down from an earlier forecast of $1.15 to …read more […]
U.S. oil major Chevron Corp said on Tuesday it is evaluating strategic alternatives, including divestment of gas-related assets in Appalachia shale, Kitimat LNG, and other international projects. Chevron, which set a 2020 spending program of $20 billion, said these actions are estimated to result in non-cash, after tax impairment charges of $10 billion to $11 billion in its fourth quarter, with more than half related to the Appalachia shale. Chevron reported a 36% drop in third-quarter profit, hit by lower oil and gas prices and refining margins, and warned higher costs would affect its current-quarter results. …read more […]
U.S. Attorney General William Barr said on Tuesday that he hoped to have Justice Department investigations of the big tech platforms – Facebook Inc , Alphabet Inc’s Google, Amazon.com Inc and Apple Inc – completed next year.
Wall Street’s main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world’s two largest economies that has convulsed markets.
Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.
Alan “Ace” Greenberg was a legend on Wall Street. Greenberg arrived at Bear Stearns in 1949 with no experience in financial markets.
Starting from the bottom rung of the trading floor, Greenberg rose through the ranks to become CEO in 1978, a position he held until 1993.
Greenberg was executive chairman when Bear was forced to sell itself to J.P. Morgan during the financial crisis, a sad ending to an otherwise glorious career.
Although he had no formal background in securities or trading, Greenberg thrived on the trading floor. A former college football player, he was physically and mentally tough. He was known …read more […]
House Democrats announced on Tuesday that it would support the passage of the United States-Mexico-Canada Agreement (USMCA) after the deal spent months in limbo. …read more […]
When you’re looking for so-called “value” in year No. 10 of a bull market, it’s not easy to find quality companies trading in Wall Street’s bargain bin.
However, there’s one company I’d like to bring to your attention today which I feel could offer you the best “buy low” opportunity within the entire technology sector.
In today’s Trade of the Day, I’ll tell you the name of the company, why I like it and exactly how members are playing it right now in The War Room.
So let’s get started…
The company that’s now a tech bargain is Cisco Systems (Nasdaq: CSCO).
As I’m sure …read more […]
Hedge funds are known to underperform the bull markets but that’s not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […] …read more […]
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday.
French biopharmaceutical company hopes to become first to get approval of treatment for liver disorder that affects up to 30 million Americans Continue reading… …read more […]
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
Independent experts to the U.S. Food and Drug Administration on Tuesday voted against Correvio Pharma Corp’s drug to correct irregular rhythm in the upper chambers of the heart in adult patients, the latest setback to the company’s efforts to market a potential blockbuster in the country. The panel voted 11-2 against approving the drug, Brinavess, citing serious safety risks, including low blood pressure and irregular rhythm in the lower heart chambers, and deaths during the trials. “It clearly has benefit but it does have risk,” said panel member Dr. Barry Davis of the University of Texas School …read more […]
Senate Democratic leader Chuck Schumer said on Tuesday he would wait to see the written form of the U.S. Mexico Canada trade pact before making a determination on it.
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