Business News
Is new Disney CEO Bob Chapek up to the task?
A global pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek on Wednesday as he took over as Chief Executive Officer of Walt Disney Co .
Month: February 2020
Business News
Global stocks outlook still positive, but vulnerable to coronavirus: Reuters poll
Global stocks have further to run this year, but the likelihood of a correction of 10% or more is high, according to Reuters polls of market strategists, with the severity of the economic hit from the coronavirus outbreak being the biggest risk.
Business News
Exclusive: IMF, World Bank consider ‘virtual’ Spring Meetings as virus spreads
Growing concerns inside the International Monetary Fund and the World Bank about the spread of the new coronavirus have prompted the institutions to consider scaling back their Spring Meetings in April or hold them by teleconference, people familiar with the discussions said on Wednesday.
Business News
Apple investor vote sounds ‘warning’ over China app takedowns
An Apple Inc shareholder proposal critical of the company’s app removals in China received a relatively high level of support at the iPhone maker’s annual meeting on Wednesday, enough to push the company to respond, experts said.
Business News
Canada mulling made-in-Ottawa supplement to Boeing’s 737 MAX flight manual
Transport Canada is mulling a Canadian supplement to the Boeing 737 MAX’s U.S.-developed flight manual, as the regulator weighs going beyond steps taken by the Federal Aviation Administration (FAA) to end a global grounding of the model after two fatal crashes.
Business News
Toll Brothers says 11 home sales in California impacted by coronavirus
Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay the sales of 11 homes in California, one of its biggest markets.
Trading Ideas
3 Stocks Warren Buffett and Leon Cooperman Agree On
The billionaire investors remain net buyers of stocks as market selloff continues Continue reading… …read more […]
Business News
A new calculator sheds light on high-flying U.S. unicorn price tags
Common shares in many high-flying venture-backed startup companies are worth less than headlines lead some people to believe, and an online calculator that two finance professors debuted on Wednesday can now quantify that discrepancy.
Trading Ideas
Trading Ideas
Beyond Meat, Best Buy earnings: What to know in markets Thursday
In a busy day for earnings announcements, investors will be paying close attention to reports from big box retailer Best Buy and Beyond Meat …read more […]
Trading Ideas
A Slimmer Nokia Might Better Compete With Huawei
(Bloomberg Opinion) — The prospect is tantalizing: the Boeing Co. versus Airbus SE battle, but for the 5G era.Nokia Oyj, the Finnish telecommunications equipment firm, is contemplating asset sales and merger options, Bloomberg News reported on Wednesday. That raises the prospect of joining forces with Swedish rival Ericsson AB, thereby creating a European behemoth to compete more effectively with China’s Huawei Technologies Co.A tie-up would echo Europe’s cobbling together of Airbus in the 1960s and 1970s as a rival to U.S. aircraft-making giants like Boeing, setting up a fiercely contested duopoly that has dominated global aviation ever since. Unfortunately, it …read more […]
Trading Ideas
Microsoft expects Windows unit to miss revenue outlook on coronavirus impact
Microsoft is the second company in the trillion dollar club to withdraw outlook. The software maker had previously expected the More Personal Computing unit, which houses Windows, to post third-quarter revenue between $10.75 billion and $11.15 billion. Its Windows and Surface computers had been more negatively impacted than expected, Microsoft said in a statement. …read more […]
Business News
Waymo joins backlash against California self-driving data requirement
Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress.
Trading Ideas
Trading Ideas
Investor challenges coronavirus role in market turmoil: 'This is a story about Bernie Sanders'
A potential Bernie Sanders presidency is a bigger concern for Wall Street than the coronavirus outbreak, an investor told Yahoo Finance, with the leftist Vermont Senator solidifying his hold on the Democratic presidential nomination. …read more […]