Trading Ideas
Adidas' NYC-inspired shoe was designed using data from runners
When I woke up this morning, I didn’t imagine I’d spend part of my day inside …read more […]
Year: 2018
Business News
Asia stocks edge up as U.S. earnings prop up Wall St, dollar solid
TOKYO (Reuters) – Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.
Business News
Qualcomm chip sales indicate some smartphone strength
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.
Trading Ideas
Ford will stop selling most of its cars in North America
If there was any doubt that the auto industry is rapidly changing, Ford just …read more […]
Trading Ideas
Qualcomm profit tops estimates on higher modem chip sales
The results announced on Wednesday, particularly in Qualcomm’s smartphone chip business, were in contrast to those from major mobile phone components makers in Asia including TSMC and SK Hynix Inc , which have warned of slower growth in their smartphone chip divisions. While revenue from Qualcomm’s modem chips business – its largest – rose 6 percent in the three months ended March 25, revenue from its licensing business plunged 44 percent, reflecting the loss of revenue due to a high-profile patent battle with Apple Inc (AAPL.O). Qualcomm said it sees about 5 percent growth in modern mobile …read more […]
Trading Ideas
Memo: VA pick Jackson said to have crashed car while drunk
Dr. Ronny Jackson had a pattern of recklessly prescribing drugs and drunken behavior, including crashing a government vehicle while intoxicated and doling out a large supply of a prescription opioid to … …read more […]
Business News
Barclays and Paypal announce tie-up as banks mull big tech threat
LONDON (Reuters) – British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday.
Trading Ideas
Ford accelerates cost-cutting plan, will drop most U.S. sedans
Ford Motor Co (F.N) on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. Ford Chief Executive Jim Hackett told investors the company is undergoing “a profound refocus” of its operations and may exit unprofitable businesses. Ford said it expects pretax profit margins of 8 percent globally and 10 percent in North America by 2020, ahead of a previous target of 2022. …read more […]
Business News
Ford accelerates cost-cutting plan, will drop most U.S. sedans
DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.
Business News
Steven Cohen’s Point72 is sued over use of California money manager’s name
(Reuters) – Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.
Trading Ideas
AT&T profit misses Wall Street forecasts as pay-TV business lags
The company has been relying on promotions and discounts to stabilize its wireless and pay-TV subscriber numbers, which have taken a toll on its margins, New Street Research analyst Jonathan Chaplin said in an interview. AT&T is fighting the U.S Department of Justice in court to complete its $85.4 billion takeover of Time Warner Inc (TWX.N), which it has called necessary for it to compete for advertising dollars and in an industry increasingly dependent on content. Chaplin said AT&T’s entertainment business performed worse than he expected in the quarter, coming in 4.5 percent lower than his forecast. …read more […]
Trading Ideas
Latest: Neighbors: Suspect in serial killings had outbursts
The Latest on developments in a California serial killer case (all times local): 3:40 p.m. Neighbors say a man who authorities suspect of being a serial killer in the 1970s and ’80s was prone to angry, … …read more […]
Trading Ideas
Visa tops profit estimates, raises full-year earnings forecast
The world’s largest payments network, like its smaller rival Mastercard Inc (MA.N), gets most of its revenue through transaction fees, which are earned every time a customer swipes their credit or debit card on the company’s network. Visa has seen card payments grow thanks to higher U.S. consumer spending and rising oil prices. Higher gas prices translate to a higher dollar volume in transaction fees for Visa. …read more […]
Business News
Big data aids Sikorsky in improving helicopter maintenance
BERLIN (Reuters) – Big data analytics are helping Lockheed Martin Corp’s helicopter unit improve the maintenance of its aircraft and cut costs by identifying patterns that might have otherwise gone unnoticed, Sikorsky President Dan Schultz said on Wednesday.
Trading Ideas
Ford confirms the only cars it will sell are Mustang, Focus Active
Confirming what has long been suspected, Ford today announced in its quarterly financial report that it will not invest in a next-generation of sedans for North America. …read more […]