Business News
AMD revenue forecast disappoints on weak console demand
Advanced Micro Devices Inc forecast current-quarter revenue below analysts’ estimates on Tuesday, as demand wanes from console makers ahead of new launches.
Month: January 2020
Business News
Exclusive: OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe – sources
OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.
Business News
EBay forecasts first-quarter revenue below estimates, shares fall
EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.
Business News
Starbucks expects hit from coronavirus after closing half of China stores
Starbucks Corp on Tuesday became the first major U.S. company to signal a hit from the new coronavirus outbreak in China, as it closed more than half of its stores in China and adjusted its operating hours.
Trading Ideas
AMD revenue forecast disappoints on weak console demand
Revenue rose to $2.13 billion from $1.42 billion, beating analysts’ estimates of $2.11 billion, according to IBES data from Refinitiv. …read more […]
Business News
Exclusive: Do or die – Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.
Trading Ideas
The number of coronavirus cases continues to climb in China
Coronavirus cases of infection are rising and spreading throughout China. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss how officials plan to contain the spread of the virus. …read more […]
Trading Ideas
The Real Impact of Coronavirus
Greed was the dominant mood on Wall Street at the start of 2020. Now fear has entered the room.
U.S. stocks slipped last week, and global markets tumbled Monday amid growing concern about a new strain of coronavirus and its potential to derail the global economy.
Before going further, I acknowledge it is grotesque to discuss money when people’s lives are in danger. But it’s important to understand that the market doesn’t exist in a vacuum, and when crises hit around the world there is bound to be financial fallout as well.
The death toll from the outbreak hit 80 on Sunday in …read more […]
Business News
Global stocks rally in big rebound, safe-havens lose luster
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets eased as investors took a less pessimistic view of the potential economic fallout from China’s coronavirus outbreak.
Business News
EBay fourth-quarter revenue beats estimates
EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company’s efforts to simplify user experience attracted more customers.
Business News
Airbus faces $4 billion fine after international bribery probe
Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
Business News
Apple sparks Wall Street bounce ahead of results
U.S. stocks rebounded on Tuesday, as the S&P 500 bounced back from its worst day in nearly four months, led by a climb in Apple and other names hit by exposure concerns to the coronavirus outbreak in China that sparked a recent sell-off.
Business News
Starbucks expects impact from coronavirus in second quarter
Starbucks Corp said on Tuesday the outbreak of a new coronavirus in China would have a material impact on its second-quarter results.
Trading Ideas
Starbucks Earnings: Sales beat expectations, but closes more than half of China stores amid coronavirus
The coffee giant’s comp sales beat expectations. …read more […]
Trading Ideas
Blink and you missed it: the U.S. yield curve inverted again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight. An inverted yield curve has historically been an indicator of looming recession as it tends to reflect worries over future growth among bond investors. “The state of the U.S. economy seems to be steady as she goes,” said Michael Lorizio, senior fixed income trader at Manulife Asset Management. …read more […]