Month: February 2020

(Bloomberg) — Elon Musk’s SpaceX plans to spin out and pursue a public offering of its its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company.Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, which will start delivering internet services to customers from space this summer, President Gwynne Shotwell said Thursday at a private investor event hosted by JPMorgan Chase & Co. in Miami.“Right now, we are a private company, but Starlink is the right kind of business that we can …read more […]

The number of coronavirus cases have topped 28,000 worldwide, with the impact now spreading to multinational companies. Wedbush Chief Technology Strategist Brad Gastwirth joins the On The Move panel to discuss. …read more […]

Precious metals enjoyed glittering performances in 2019.
Palladium shot up nearly 40%! That’s double the return of the broader markets last year.
Gold surged more than 17% higher! That put it ahead of the Dow Jones Industrial Average and in line with the S&P 500.
And silver was up almost 13% through the first three quarters of the year… though that might be about to change, as you’ll soon see.
During their recent six-year bear market, metals weren’t really worth talking about.
Gold prices peaked at around $1,900 per ounce back in late 2011. They then tumbled 47% to $1,000 in December 2015. And from …read more […]

According to the FAA, Boeing has identified a new software issue with their 737 Max jet. This latest problem comes hours after a Boeing jet split open when landing in Turkey. Yahoo Finance’s On the Move breaks down the details. …read more […]

Verizon Communications has fired back after Huawei filed a lawsuit against the U.S. telecom giant demanding it pay fees for using Huawei patents in its networks. Yahoo Finance’s Alexis Keenan talks with Julie Hyman, Adam Shapiro, Heidi Chung and Ramsey Smith, CEO of ALEX.fyi.

…read more […]

One of Wall Street’s most high-profile hedge fund managers delivered an eye-popping 58.1% return last year.
But, as Nicholas Vardy explains, his fund is not a safe bet for wealth creation.

Bill Ackman is one of Wall Street’s most high-profile hedge fund managers.
His company, Pershing Square Capital Management, once managed as much as $20 billion. Ackman boasts a personal fortune of $1.7 billion.
Today, you can buy Ackman’s largest investment vehicle – Pershing Square Holdings (LSE: PSH) – with the click of a mouse.
And once you hear about Pershing’s eye-popping 58.1% return in 2019, you may be tempted to do so.
But based on …read more […]

(Bloomberg) — Intelsat SA and other satellite providers have reached a deal with federal regulators on compensation for giving up airwaves in an auction, said two people familiar with matter.The companies are seeking payment for freeing airwaves U.S. regulators want to reallocate for mobile users. Wall Street had been fretting that a plan unsatisfactory to satellite operators would prompt them to walk out of the negotiations. An accord between the two sides presumably would blunt that risk.U.S. Federal Communications Commission chairman Ajit Pai is to reveal a proposal later Thursday for a vote at the commission’s Feb. 28 meeting.Intelsat soared …read more […]

(Bloomberg) — A recent inspection of a PG&E Corp. transmission line uncovered equipment issues similar to those cited as the cause of the deadliest blaze in California history, according to lawyers for wildfire victims.During a December inspection, an expert for the attorneys photographed worn and rusted c-hooks on a transmission line near the Caribou-Palermo line in Northern California’s Sierra foothills, the official committee representing fire victims in PG&E’s bankruptcy said in a statement. That’s the same line that failed and sparked the 2018 Camp Fire. Some of the hooks on the Cresta-Rio Oso line “appeared to be held together by …read more […]