Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.
The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.
NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emerge from an investigation into the UAE healthcare firm’s finances.
Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in New York state’s Long Island, adding to concern over its spread in Europe, Asia and the Middle East.
Apple CEO Tim Cook again defended his company’s decision not to introduce a so-called “backdoor” to its products that would give law enforcement greater access to the tech giant’s devices during criminal investigations. …read more […]
U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak.
Annaly Capital Management (NYSE: NLY) is one of the most requested stocks in the Safety Net column.
That’s not a shock considering its attractive 9.9% dividend yield. But is that nearly double-digit yield safe?
A year and a half ago, I suggested that despite its “F” rating for dividend safety, Annaly could receive an upgrade if its net interest income (NII) increases to the point where the company can afford its dividend.
NII did not rise – and last May, I pointed out that once again, Annaly had an “F” rating.
Have things improved at all for the popular but beleaguered mortgage real estate …read more […]
As you know, back on February 24, I wrote the following article, “My Top Coronavirus Picks (You Won’t Believe Pick No. 3)”.
One of my picks that day was Netflix (Nasdaq: NFLX).
My rationale…
Think about it. What else are you going to do when you’re quarantined – trapped inside your own self-contained cage? You’re going to binge-watch TV. And in the process, you’ll get yourself hooked on a ton of new Netflix shows. Call me crazy, but I honestly think that the absolute worse-case scenario in the coronavirus epidemic is potentially very bullish for Netflix. I’d nibble on today’s dip.
What happened today?
By …read more […]
Box competes with Dropbox Inc for a share of the file storage market that has seen a sharp rise in demand for cloud services to share and store files, especially in the workplace. The content management platform that went public in 2015 competes with tech heavyweights like Microsoft Corp’s OneDrive and Alphabet Inc’s Drive. Box’s fourth-quarter billings, which is revenue plus the change in deferred revenue, rose 19% to $281.9 million, above analysts’ estimate of $264.2 million. …read more […]
The S&P 500 fell for a fifth straight day in a volatile session as investors reacted to the latest headlines regarding the spread of coronavirus and sought to gauge the economic fallout.
U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue running if any of their operations were affected.
Apple Inc’s shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.
U.S. Republican Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
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