Month: January 2020

(Bloomberg) — AT&T Inc. topped earnings estimates as cost cuts helped offset steep TV-subscriber losses and higher spending on its media business, a positive sign as the company tries to mend its balance sheet and turn attention to the launch of its HBO Max streaming service.Fourth-quarter earnings excluding one-time items were 89 cents a share. Analysts had predicted 87 cents, according to estimates compiled by Bloomberg. The company, which operates DirecTV, the largest U.S. TV service, lost 1.2 million subscribers, more than the 640,000 decline analysts expected.See more details.Key InsightsThe record annual loss of 4.1 million U.S. TV subscribers that …read more […]

When one thinks of technology, one may think of things like televisions. iPhones. Computers. And the internet. One may even be thinking about today’s most innovative technologies like blockchain and artificial intelligence. One may be less inclined to be thinking about matter working on an atomic level. But for those keeping an eye on nanotechnology stocks, atomic level matter is precisely what the tech stock investor has in mind.
Nanoetchnology is a tech innovation conducted at the nanoscale. The nanoscale is between one to 100 nanometers. To think about this in more concrete terms, a nanometer is 1/90,000 the width of …read more […]

(Bloomberg) — Apple Inc. reported holiday-quarter revenue that beat Wall Street expectations on rebounding iPhone demand and surging sales of wearable devices. Shares jumped in extended trading, setting up the stock to open at a record.The results are a remarkable comeback from a year ago, when the most valuable technology company missed its own targets.A sales forecast for the current quarter also exceeded analysts’ projections, pushing Apple’s stock about 2.1% higher in extended trading. Services revenue came in slightly below expectations.The Cupertino, California-based company reported $91.8 billion in revenue for the fiscal first quarter, up 9% from a year earlier. …read more […]

Dow has been cutting costs to offset a drop in demand for chemicals used in plastics, building materials and paints, amid a global slowdown. Dow, spun off in April after chemical conglomerate DowDuPont split into three, posted operating earnings of 78 cents per share, excluding certain items. …read more […]

(Bloomberg) — Enbridge Inc.’s proposal to convert its Mainline crude pipeline network to long-term contracts is hitting a fresh round of opposition, with Canada’s largest oil producer asking regulators to reject the plan.Canadian Natural Resources Ltd. said in a filing with the Canada Energy Regulator on Tuesday that Enbridge’s bid to change the Mainline from monthly service to long-term contracts is an abuse of market power and isn’t in the public interest. The producer asked the regulator to split its review of the proposal into two parts, with the first addressing whether the conversion should even be allowed.The opposition signals …read more […]

(Bloomberg) — The U.K.’s decision to allow China’s Huawei Technologies Co. to be involved in building its 5G telecom networks won’t affect trans-Atlantic intelligence sharing, despite U.S. threats to the contrary, Digital Secretary Nicky Morgan said.Britain gave the green light for Huawei kit to be used in non-sensitive parts of its new networks Tuesday, ending a protracted debate. In the run-up to the decision, there was a steady drumbeat of warnings from President Donald Trump’s administration that the U.S. may hold back secret intelligence if Prime Minster Boris Johnson pressed ahead with giving the company a role.Asked in a Bloomberg …read more […]

The European Commission will on Wednesday announce guidelines allowing EU countries to restrict or exclude high-risk 5G vendors from core parts of their networks, a move likely to hurt China’s Huawei Technologies but which may not appease the United States. The non-binding recommendations, agreed by the bloc’s 28 countries, seek to tackle cybersecurity risks at national and EU level, with concerns mainly focused on Huawei, although the guidelines do not identify any particular country or company. EU digital chief Margrethe Vestager and EU industry chief Thierry Breton will present the guidelines at a press conference later on Wednesday. …read more […]

(Bloomberg) — It could have been a lot worse for Hong Kong’s big market reopen as investors sought to gauge the widening impact of the coronavirus on China’s economy.The Hang Seng Index fell as much as 3% Wednesday on the first day of trading after the Lunar New Year. Though that was briefly its worst slide on a closing basis since October 2018, the index steadied to end the day 2.8% lower — matching its loss from Jan. 21. Meanwhile, the offshore yuan strengthened 0.1% to 6.9587 per dollar.While the stock declines were steep — especially for landlords, travel firms …read more […]