Articles by admin

Heigh-ho, Heigh-ho, off to stream we go.Disney’s (DIS) new streaming service, Disney+, launched on November 12, with fireworks going off and stardust being sprinkled across the network. With 10 million sign ups in less than 48 hours, Disney shares reached a new all-time-high the following day.The numbers immediately establish Disney as among the leaders in the streaming industry. With Disney owned Hulu’s 26.8 million subscribers and ESPN’s 3.5 million, Disney has over 40 million viewers. Industry leader Netflix, by comparison, has 60 million.The move into streaming seems to be a shrewd one from the family entertainment colossus, as not only …read more […]

(Bloomberg) — General Electric Co. rallied mid-afternoon Thursday to touch the highest level in more than a year despite a mixed tape for the broader market.The stunning rebound in GE means it’s risen 45% since the bombshell allegations of accounting fraud against the company in mid-August from prominent financial examiner Harry Markopolos. The turn in investor sentiment was bolstered by GE’s third-quarter results when GE raised its cash-flow forecast for 2019 in the face of both tariff headwinds and pressures on the jet-engine business caused by the grounding of Boeing Co.’s 737 Max.The Boston-based company was among the top performers …read more […]

The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year. Yields on U.S. Treasury debt rose, snapping three sessions of declines, bolstered by China saying it was willing to work with the United States to resolve core trade concerns, which rekindled some hope for a bilateral deal. A Wall Street Journal report that said China had invited top U.S. trade negotiators for a new round of …read more […]

CEO Elon Musk is expected to reveal Tesla’s first electric pickup truck later today. Yahoo Finance’s Emily McCormick joins Akiko Fujita on The Ticker to discuss. …read more […]

Charles Schwab is reportedly in talks to buy TD Ameritrade, according to multiple outlets. The deal could create a massive wealth manager with more than $5 trillion in combined assets. Yahoo Finance’s Akiko Fujita is joined by Brian Cheung to discuss on The Ticker. …read more […]

Telefonica has signed a contract to use the so-called last-mile network of its U.S. rival AT&T in Mexico, the local chief executive of the Spanish telecommunications company said on Thursday. Telefonica Mexico CEO Camilo Aya said the deal with AT&T was not exclusive and that the Spanish company’s traffic would remain completely separate from that of its U.S. competitor. Both companies compete in Mexico with America Movil, the company controlled by billionaire Carlos Slim, which has long dominated the telephone market in Latin America’s no. 2 economy. …read more […]

A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said. CNBC and Fox Business reported on Wednesday that the two brokerages were in talks to ink a merger that Fox said could be valued at $26 billion. Regulatory filings show the U.S. Federal Reserve has partial oversight over both firms and may need to approve the deal, depending on how it is structured. …read more […]