U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with TV and modem makers while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals. The European Commission had in June warned Broadcom of a possible interim measure. The company, whose chips power smartphones, computers and networking equipment, is a major supplier to Apple. …read more […]
Universal income, accountable capitalism, and federal job guarantees were among proposals to help out-of-work Americans. …read more […]
Q2 2019 Southwestern Energy Co Earnings Call …read more […]
(Bloomberg) — Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.China’s largest technology company managed to grow revenue despite curbs on the export of crucial American software and components, which executives had warned for months would severely crimp both its networking …read more […]
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong. The trader posted about the fall – which he told Reuters was more than 10% at the time – on Weibo, China’s equivalent of Twitter. “But it’s clear sneaker speculators were pulling money out of the market” after the Chinese government and netizens responded angrily to the comment by Houston Rockets general manager Daryl Morey, …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Q3 2019 Citigroup Inc Earnings Call …read more […]
The company planned to shut more than half an LNG train at the facility from Oct. 11 to Nov. 29, and more than 1 LNG train over May 23-July 11, next year, according to the notice. A company spokesman confirmed that Gorgon Train 1 was currently under maintenance, and said the work had been scheduled into customer cargo deliveries. The three-train Gorgon project, one of the world’s largest natural gas projects, can produce 15.6 million tonnes of LNG annually, according to Chevron’s website. …read more […]
Asian shares were mostly higher Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. Hong Kong’s Hang Seng was unchanged at 26,505.95, while the Shanghai Composite index lost 0.3% to 2,982.74. Stocks notched solid gains on Wall Street on Tuesday as investors welcomed surprisingly good quarterly results from some of the nation’s biggest companies. …read more […]
New analysis shows Biden’s plan is far more affordable than “Medicare for all” …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Indian conglomerate that owns Jaguar Land Rover said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit.“We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons Ltd., the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business for us. From revenue terms, auto is our largest company.”Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport …read more […]
Dividend paying stocks like Mold-Tek Packaging Limited (NSE:MOLDTKPAC) tend to be popular with investors, and for good… …read more […]
The leaders of the House of Representatives Judiciary Committee said late on Tuesday that they had begun receiving data from Facebook, Alphabet’s Google, Amazon and Apple as part of their probe into the companies’ potential breaches of antitrust law. “We have received initial submissions from Alphabet, Amazon, Apple and Facebook as part of our investigation. …read more […]
(Bloomberg) — China threatened to retaliate if the U.S. Congress follows through with enacting legislation that would require an annual review of whether Hong Kong is sufficiently autonomous from Beijing to justify its special trading status.The Chinese Ministry of Foreign Affairs said in a statement on Wednesday that it would take strong measures if the bill passed. The Hong Kong Human Rights and Democracy Act is one of four measures passed by the U.S. House in unanimous voice votes Tuesday.The bill provides for sanctions against officials “responsible for undermining fundamental freedoms and autonomy in Hong Kong.” A similar bill is …read more […]
(Bloomberg) — A fire at the NuStar Energy LP.’s fuel terminal in the San Francisco Bay Area spewed black smoke for miles, prompting officials to order local residents to stay indoors.The company is working to extinguish the fire at its Selby Terminal in Crocket, about 25 miles (40 kilometers) northeast of San Francisco, NuStar said in a statement. The blaze affected two tanks, holding “very low volumes of ethanol” comprising less than 1% of their capacity. Adjacent tanks are being cooled to minimize the risk of the fire spreading. All personnel are safe and accounted for, the company said.The black …read more […]
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