U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs amid lessening concerns over the economic fallout from the coronavirus outbreak in China.
Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, according to a lawyer for the plaintiffs.
The coronavirus has infected roughly 28,000 people and killed more than 560 in mainland China. Yahoo Finance’s Seana Smith and Anjalee Khemlani and author of “China Learning Curve, Daniel Joseph discuss. …read more […]
Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, according to a lawyer for the plaintiffs. J&J said the judge was planning on reducing the damages to $185 million. During an earlier phase of the trial, the jury held J&J liable for the plaintiffs’ cancers and awarded them $37.2 million in compensation. …read more […]
Bernie Sanders is now the Democratic front-runner. Markets need to notice. …read more […]
Juul Labs Inc has raised more than $700 million in convertible debt from investors to fund its operations, a source familiar with the matter told Reuters, as the e-cigarette maker battles growing regulatory scrutiny on vaping.
With the coronavirus continuing to take its toll on China, a growing number of economists are starting to fret about the prospects for global growth. …read more […]
Peloton shares plunging after the fitness company reported mounting losses and slower revenue growth. Yahoo Finance’s Seana Smith and Dan Howley discuss. …read more […]
Elon Musk’s SpaceX plans to list its space internet venture, Starlink, but not for several years, a company official told Reuters on Thursday.
A cut in China tariffs on $75 billion worth of U.S. goods and solid corporate earnings are fueling today’s market gains. Agora Financial Chief Market Strategist Alan Knuckman and Cresset Capital Chief Investment Officer Jack Ablin join Yahoo FInance’s Seana Smith on The Ticker to discuss. …read more […]
Airbus posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries.
Bernie Madoff is seeking medical release from prison due to terminal kidney disease. Yahoo Finance’s On The Move panel breaks it down. …read more […]
Activist investor Elliott Management Corp has amassed a stake in SoftBank Group and is discussing ways it could boost the value of the Japanese conglomerate, people familiar with the matter told Reuters.
Boeing shares got a boost after a Reuters report that the FAA expects the 737 Max certification flight to take place in the next few weeks. Yahoo Finance’s Alexis Keenan joins Seana Smith on The Ticker to discuss how this plays out with new developments of another software problem for the aircraft. …read more […]
(Bloomberg) — U.S. markets are “utterly and completely unprepared” for the possibility that inflation might pick up after years of subdued price gains, hedge fund manager Ken Griffin said.“In the United States there is absolutely no preparedness for an inflationary environment,” Griffin, founder of $30 billion hedge fund Citadel, said at an Economic Club of New York luncheon on Thursday.Griffin didn’t comment further on what he sees as a lack of readiness. Expectations of continued low inflation have emboldened investors to load up on long-dated debt, helping to push the rate on 30-year Treasury bonds close to 2%, near historic …read more […]
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