The top shareholder of carmaker Aston Martin is on a mission to turn investments from theme parks to high-end furniture brands “carbon positive” by the end of 2020, as buyout funds battle to woo investors increasingly focused on tackling global warming.
(Bloomberg) — Nokia Oyj is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.The company is working with advisers to consider potential asset sales and mergers, the people said, asking not to be identified because the information is private.Nokia shares have lost roughly a third of their value over the past year before news of its deliberations. The company’s American depositary receipts rose as much as 13% Wednesday. The ADRs were up 5.2% to $4.12 at 1:37 p.m. in New York trading, giving the company a market value …read more […]
Nestle SA has asked its staff to halt international travel for business purposes through March 15 as a precautionary measure amid the rapid spread of the coronavirus globally, the Swiss company said on Wednesday.
Facebook Inc said on Wednesday it would ban advertisements for products offering any cures or prevention around the coronavirus outbreak, and those that create a sense of urgency around the situation.
During the previous session ahead of SmileDirectClub’s quarterly report, short bets against it climbed to a record high 40,000 shares, equivalent to 57% of the company’s float, according to S3 Partners, a financial analytics firm. Traders borrowing SmileDirectClub shares to make new short bets on Wednesday were paying the equivalent of more than a 31% annual interest rate, up from 26% the day before, reflecting a scarcity of additional shares available to short, according the S3 Partners. For 2020, SmileDirectClub forecast sales between $1 billion and $1.10 billion, the mid-point of which was below market estimates, and it …read more […]
The driver of an Tesla autopilot car was playing a video game on his phone when the fatal crash happened. Yahoo Finance’s Julie Hyman, Adam Shapiro, Pras Subramanian, Randy Frederick – Schwab Center for Financial Research VP of Trading and Derivatives and Mattie Duppler – National Taxpayers Union Senior Fellow discuss. …read more […]
(Bloomberg) — Chuck Gregorich, who sells China-made patio furniture on Amazon.com Inc., expects to lose as much as $2 million in sales this year due to factory closings and other coronavirus-related slowdowns. So he’s cutting his ad spending on Amazon and thinking about raising prices to avoid running out of inventory. The sudden shift in sales tactics by merchants like Gregorich threatens Amazon’s fastest-growing and profitable revenue source.“If we’re going to run out, why not run out at full price,” he says. “We have to make sure the sales we have are as profitable as they can be.”Amazon merchants spent …read more […]
Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.
Corning may not be known as an income investment, but the company offers a high yield and solid track record of dividend growth Continue reading… …read more […]
Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy.
Morgan Stanley is asking anyone who is attending its technology, media and telecom conference in California next week to report if they have visited several countries that have reported coronavirus cases in recent weeks.
The markets saw a massive sell-off as the coronavirus continues to spread. However, Portfolio Wealth Advisors Chief Investment Officer Lee Munson joins The Final Round to break down why politics are to blame for the sell-off, not the coronavirus. …read more […]
British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.
Supply chain alternatives have already been on the minds of many companies due to the trade war. …read more […]
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