The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources told Reuters.
General Electric Co is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with a smaller size and shorter maturities, sources said. The new loans, that will come at the reduced size of US$15bn, are a testament to a changing bank landscape as firms seek to get better compensated for the risk they take to lend as volatility rattles the markets. JP Morgan, Citigroup, Bank of America, BNP Paribas, Goldman Sachs and Morgan Stanley lead the GE loans. …read more […]
Deutsche Bank’s Ross Seymore has been reviewing the impact of COVID-19 on the semiconductor industry, and it has become apparent that due to supply chain disruption and “eventual demand delay and destruction,” the sector as a whole will suffer in the near to mid-term. There are certain companies, though, that following the downturn, currently “yield an attractive risk/reward.” Qualcomm (QCOM) is among those.Qualcomm was one of the first companies to warn of the impending impact of the coronavirus. When in early February the chip giant widened the range of its EPS guidance due to the viral outbreak in China, the …read more […]
This might sound really, really strange…
But there’s one company out there right now that might’ve just been “saved” by the coronavirus.
No, the company doesn’t make ventilators.
And no, it hasn’t discovered a vaccine.
But Bloomberg calls it “the next best thing in the COVID-19 pandemic.”
What am I taking about?
The company is Blue Apron (NYSE: APRN) – and its amazing story of “rebirth” is the basis behind today’s Trade of the Day.
So let’s wash our hands and dive in…
Quite simply, Blue Apron operates a direct-to-consumer platform that delivers original recipes and fresh and seasonal ingredients straight to your doorstep.
The company essentially sends you …read more […]
UPS (NYSE: UPS) has delivered dividends consistently for decades. Except for 2009, when it kept the dividend steady, UPS has lifted the payout to shareholders every year since 1999 – and that includes a 5% increase in February.
But can the package delivery company continue to pay the current quarterly dividend of $1.01 per share?
The numbers say it can’t.
Free cash flow has been inconsistent over the past few years, turning negative in 2017 and dropping precipitously last year.
Both one- and three-year cash flow growth are negative. This year’s projected free cash flow growth is barely above 2016’s.
However, business will certainly be …read more […]
The United States “will work with the world’s largest oil producers to address volatility in global oil markets,” U.S. President Donald Trump’s national security adviser Robert O’Brien said on Wednesday.
U.S. crude oil futures rose 5% on the open on Thursday, reversing Wednesday’s losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic.
Stock futures opened higher Wednesday evening, recovering some losses as investors braced for extended stay-in-place orders and widespread shutdowns to further batter the economy and corporate profitability. …read more […]
Online travel agency Booking Holdings said on Wednesday Chief Executive Officer Glenn Fogel has tested positive for coronavirus.
Sources tell Yahoo Finance the Softbank-WeWork deal is off. …read more […]
Nissan Motor Co said on Wednesday its U.S. auto plants will remain closed through late April to help reduce the spread of the coronavirus.
Starbucks Corp on Wednesday said it will extend special coronavirus provisions, including pay increases for workers and closed dining areas, for two weeks to May 3.
Wall Street’s three major indexes fell more than 4% on Wednesday, after President Donald Trump’s dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
