Yahoo Finance’s Brian Cheung and Anjalee Khemlani join Alexis Christoforous and Brian Sozzi to discuss the latest news on the Coronavirus outbreak and what impact it could have on the economy on The First Trade. …read more […]
U.S. stock indexes were set to open lower on Thursday as the coronavirus epidemic fanned concerns of a slowdown in China’s economy, while a mixed batch of earnings from technology firms also weighed on sentiment.
Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records.
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.
(Bloomberg) — Altria Group Inc. made dramatic efforts to distance itself from the legal troubles of Juul, as it wrote down the value of its stake in the vaping company to about a third of what it initially paid.Altria also said in a statement it has changed the terms of its minority investment in the company, including stopping all services other than regulatory affairs and said that it has an option to be released from its non-compete obligation in some circumstances. Altria valued its Juul stake at $4.2 billion at the end of 2019, after paying $12.8 billion in Dec. …read more […]
U.S. banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled Thursday by the Federal Reserve.
Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis.
Q4 2019 Advanced Micro Devices Inc Earnings Call …read more […]
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Earlier this month, Coke added dairy company Fairlife to its range of brands, giving Coca-Cola access to fastest-growing categories in the United States ranging from lactose-free to ultra-filtered milk. The company said fourth-quarter revenue growth was led by its trademark Coca-Cola, that included products such as its caffeinated beverage Plus Coffee and Zero Sugar soda. …read more […]
U.S. stock index futures pared some losses on Thursday after data showed domestic economy rose at a 2.1% annualized rate in the fourth quarter, in line with expectations.
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by the beverage maker’s signature soda, Fuze teas and coffees in North America and emerging markets.
(Bloomberg) — U.S. consumer spending moderated and business investment continued to deteriorate at the end of 2019, while a smaller trade deficit and more home construction helped keep economic growth steady.Gross domestic product expanded at a 2.1% annualized rate for a second straight quarter, according to Commerce Department data Thursday. The median forecast in a Bloomberg survey of economists called for 2% growth. Consumer spending decelerated to a 1.8% pace, below projections and the weakest since the first quarter. Business investment declined for a third straight period, the longest stretch since the last recession.Click here for Bloomberg’s TOPLive blog on …read more […]
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.
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