U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices.
Arizona on Wednesday filed a consumer fraud lawsuit against Alphabet Inc’s Google alleging that the company used “deceptive” and “unfair” practices to obtain the location data of users.
U.S. President Donald Trump will sign an executive order shortly regarding social media companies, a White House spokeswoman said on Wednesday.
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday.
(Bloomberg) — Oil fell a second day after a report showing a jump in U.S. crude stockpiles raised fresh concerns over excess supply, while doubts are also creeping in over Russia’s commitment to maintaining production curbs.Futures in New York fell as much as 2.6%, adding to Wednesday’s 4.5% drop. The American Petroleum Institute reported that oil inventories rose by 8.73 million barrels last week, according to people familiar. If confirmed by government data on Thursday it would reverse two weeks of declines — an indication that record supply cuts are not draining a massive glut fast enough. Gasoline supplies also …read more […]
Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a “significant loss”, days after the car rental pioneer filed for bankruptcy protection.
Countries around the world are focused on mitigating the effects of climate change. And getting rid of greenhouse gases is fast becoming a top focus.
One of the quickest ways to lower pollution is to reduce fossil fuel burning. The nation’s transportation infrastructure is a great place to start, as it’s responsible for 29% of greenhouse gases.
But we can’t just stop burning oil and natural gas in a year or two…
We can, however, start burning less of them right now thanks to hydrogen gas.
When hydrogen is burned, it combines with oxygen. This reaction generates energy and heat. But that’s where the …read more […]
You’ve surely seen the news…
Brazil is quickly emerging as the next global COVID-19 hot spot.
The country now has the second-highest number of coronavirus cases in the world after the U.S. and far worse healthcare infrastructure.
But through it all, Brazilian President Jair Bolsonaro continues to dismiss the threat of the virus, saying that quarantines and lockdowns could have a worse impact on Brazil’s economy.
It’s shaping up to be a very dangerous situation in the coming days and weeks…
So that’s why I was quite interested when one of my researchers, we’ll call him B.D., approached me and suggested that I look into …read more […]
JPMorgan Chase & Co’s head of its corporate and investment banking division said second-quarter revenues are on track to be up more than 50% higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues.
RBC Capital analyst Brian Abrahams is a fan of Gilead Sciences (GILD) — in particular, its Biktarvy 3-in-1 drug cocktail for treating HIV-1.It is “Biktarvy’s strong profile and robust launch, along with favorable demographic and pricing dynamics,” that Abrahams says “will underpin good HIV franchise sustainability through at least 2025” for Gilead Sciences. Combined with the company’s better known continued hepatitis-C drug franchise, which is experiencing declining revenue but market share and pricing stability, and should therefore be able to generate “~$17B in cash flows over the next decade,” says the analyst, Gilead Sciences is likely to outperform the market.At …read more […]
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the COVID-19 pandemic.
Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher.
Boeing Co on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a “low rate” after halting production in January following two crashes that killed 346 people.
On Wednesday, computing giant HP reported mixed second-quarter results. Total revenue came in at $12.5 billion, compared to $12.86 billion expected, and earnings per share topped estimates ($0.51 vs. $045 expected). Meanwhile, sales at HP’s personal systems and and printing segments dropped 7% and 19%, respectively, from the prior year. Yahoo Finance’s Myles Udland breaks down the company’s report. …read more […]
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