Macy’s said it would close stores in “lower tier” malls, and explore new off-mall formats, as it looks to tackle plummeting mall traffic in the United States. “We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams,” Chief Executive Officer Jeff Gennette said in a statement. …read more […]
Universal Display Corporation (NASDAQ:OLED), which is in the semiconductor business, and is based in United States… …read more […]
(Bloomberg) — Autonomy founder Mike Lynch, who’s fighting U.S. charges that he orchestrated a massive fraud at his software firm, was arrested in London as authorities pushed forward with his extradition.Lynch submitted himself for arrest and was granted conditional bail after being ordered to put up a 10 million-pound ($13 million) security, Westminster Magistrates Court staff said Wednesday. The U.S. Department of Justice alleges that Lynch made false statements to make his software firm more attractive to Hewlett-Packard Co., which acquired Autonomy for $11 billion in 2011. It wrote down the value by $8.8 billion just a year later.“Dr. Lynch …read more […]
A look at the company’s first quarter results Continue reading… …read more […]
When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished.
Traders are turning to the Google for advice on how to invest in Tesla’s (TSLA) extraordinary share-price run-up, in a testament to the broadening speculation surrounding the stock. …read more […]
Today we’ll evaluate ServiceNow, Inc. (NYSE:NOW) to determine whether it could have potential as an investment idea… …read more […]
Oil prices jumped by more than 3% on Wednesday after media reports that scientists had developed a drug against the fast-spreading coronavirus that continues to weigh heavily on global economic activity.
Headlines moving the stock market in real time. …read more […]
U.S. stocks surged for a third straight day on Wednesday and the Nasdaq hit a new record high, helped by strong monthly domestic private jobs data and reports of progress in developing a treatment to fight the fast-spreading coronavirus.
Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight the fast-spreading coronavirus.
(Bloomberg) — About $55 billion of Tesla Inc. shares were traded Tuesday as investors piled into a rally that has doubled the electric-car maker’s stock price since the start of the year.To put it into context, that’s just over five times the volume of the stock with the day’s second highest turnover, Apple Inc. As noted by Morgan Stanley, the record trading also exceeded this year’s average repo operation conducted by the Federal Reserve to support the overnight funding needs of the U.S. banking sector. The average daily value of Tesla stock changing hands last year was $2.5 billion.Touted reasons …read more […]
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc .
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Jessica Smith discuss President Trump State of the Union address. …read more […]
General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM’s size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value.
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