Swedish home appliance maker Electrolux said on Wednesday it had decided on ban travel by its employees to and from Italy, where it has manufacturing facilities in some regions affected by the coronavirus outbreak.
Alphabet Inc’s Google said on Wednesday it would invest more than $10 billion in offices and data centers across the United States this year.
(Bloomberg) — Ford Motor Co.’s recently appointed chief operating officer said the struggling automaker is operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.“Everyone at Ford knows the situation we’re in,” Jim Farley, who becomes COO on March 1, said Wednesday at a Wolfe Research conference in New York. “I can see it on the faces of my colleagues and it takes me back to about 10 years ago. I’ve seen the look before.”Ford was the only automaker in Detroit to avoid the bailouts and bankruptcies that befell General Motors …read more […]
‘Living and Dying in Brick’ author Dr. Sampson Davis joins Yahoo Finance’s Alexis Christoforous and Anjalee Khemlani to discuss the spread of the coronavirus on The First Trade. …read more […]
There are no easy questions in the investing world. And there are fewer easy answers. Ask 10 investors what the best stocks to invest in right now are and you’re bound to get many different responses!
The best stocks to invest in today depend on a person’s investment strategy and their mindset. Someone investing with a 10-year time horizon may peg an up-and-coming company as a great “buy low and grow” opportunity. But someone else looking to capitalize on short-term trends will likely put their money in a company with an upcoming windfall. Then cash out quickly.
If you’re wondering …read more […]
(Bloomberg) — Canadian Imperial Bank of Commerce shuffled its top management ranks, cut jobs and took a restructuring charge as Chief Executive Officer Victor Dodig works to control costs.Canada’s fifth-largest lender by assets recorded a C$339 million ($255 million) charge in its fiscal first quarter to cover severance from staff reductions, as the pace of expense growth accelerated for a sixth straight quarter. CIBC also named new managers including the head of its largest division, Canadian personal and business banking, where the main product line — mortgages — lagged behind rivals in the past year.The moves are part of Dodig’s …read more […]
As far as his CEO legacy is concerned, Bob Iger is going out on top. Now he will stay at the company as chairman, focusing on the creative side, through the end of 2021. …read more […]
Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group’s shares as it beds down a merger with Italy’s Fiat Chrysler.
Fears over the coronavirus and its impact have wipe $1.7 trillion in U.S. stock market value in 2 days, leaving the Federal Reserve to publicly comment on the virus. Yahoo Finance’s Brian Cheung joins Alexis Christoforus to discuss the details on The First Trade. …read more […]
Even for the fortunate ones not directly affected by the rapidly spreading coronavirus, try as you might, it is impossible to ignore the impact it is having on all facets of life across the globe right now; from the obvious and most pertinent health issues, to travel and across most industries, global supply chains and the world’s major economies have been negatively affected. The stock markets, of course, have been hit, too; Along with international markets tumbling over the past few days, all 3 major US indexes posted sharp losses this week.The way the cookie crumbles, though, means that some …read more […]
U.S. stock index futures were mixed on Wednesday after the Dow and the S&P 500 indexes suffered their sharpest four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
(Bloomberg) — U.S. President Donald Trump and federal health officials plan to brief the public Wednesday on efforts to prevent the spread of the coronavirus.Italy and Iran confirmed additional infections, Greece reported its first case and 700 people remained confined in a hotel in Tenerife, the Canary Islands. Europe’s debt risk jumped to a six-month high, stocks tumbled and oil slumped to the lowest in a year.Chevron Corp. asked traders and other staff at its Canary Wharf office in London to work from home as a precaution after an employee was tested for the coronavirus.Key DevelopmentsChina death toll at 2,715, …read more […]
It’s been a mediocre week for Guardant Health, Inc. (NASDAQ:GH) shareholders, with the stock dropping 13% to US$75.79… …read more […]
Ford Motor Co’s incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.
The CEO of MGA Entertainment says the coronavirus is having a meaningful impact on the toy industry. …read more […]
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