Pratt & Whitney’s Chief Executive Greg Hayes said on Monday his company will be able to overcome supply chain problems to ramp up engine production next year as planemakers’ orders swell.
Turtle Beach Corp. is no one-hit wonder. The video-game headset maker’s shares have soared almost 1,200 percent year-to-date thanks largely to the exploding popularity of Fortnite. Turtle Beach “is the dominant player in the global console headset market,” beating competitors with its comfort designs, shelf space in bricks-and-mortar stores and “super human hearing technology” in some headsets that allows gamers to detect rivals sneaking up on them, Forte said in a note, reiterating his buy rating — a stance first taken last week. …read more […]
A draft Federal Communications Commission order seen by Reuters on Monday said that Sinclair Broadcast Group Inc’s application for approval to purchase Tribune Media Co may “involve deception.”
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Wrestling Chinese regulators and fending off a hostile takeover, the chip giant has left investors frustrated this year. …read more […]
Federal Communications Commission Chairman Ajit Pai said on Monday he has “serious concerns” about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co, an announcement that could scuttle the deal.
Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday.
Ryan McQueeney recaps the morning’s top market news, including earnings announcements from Bank of America (BAC) and BlackRock (BLK), as well as June’s retail sales data. Later, the host gives investors everything they need to know about Netflix (NFLX) ahead of its earnings report Monday afternoon. …read more […]
Qatar Airways chief executive said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
The chairman of embattled German industrial group Thyssenkrupp resigned on Monday, following the company’s chief executive out the door under pressure from activist shareholders pushing for radical restructuring of the group.
Shares of Netflix (NFLX) added about 0.3% in morning trading Monday, just hours before the video streaming giant is set to release its second-quarter earnings report. …read more […]
President Trump and Russian President Vladimir Putin took questions from the press after joint meeting. Yahoo Finance’s Seana Smith, Andy Serwer and Julia La Roche discuss. …read more […]
Wall Street was mostly flat on Monday as a slump in oil prices dragged energy shares lower, offsetting a jump in financial stocks after Bank of America’s strong results reinforced expectations of earnings growth for U.S. companies.
Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow. On a per-share basis, BofA earned 63 cents a share, beating average projections of earnings of 57 cents per share from industry analysts, according to a survey by FactSet. …read more […]
Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
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