Month: July 2020

(Bloomberg) — Eastman Kodak Co. shares more than tripled Tuesday on a $765 million government loan to help produce ingredients used in key generic medicines to fight the coronavirus.The development bank loan is the first of its kind under the Defense Production Act in collaboration with the U.S. Department of Defense. It’s intended to speed production of drugs in short supply and those considered critical to treat Covid-19, which may include hydroxychloroquine, the controversial antimalarial drug touted by President Donald Trump.The money could provide a lifeline to Kodak, the storied photography giant whose business and shares were devastated by the …read more […]

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MONTREAL, July 28, 2020 /CNW/ – Turquoise Hill Resources Ltd. (“Turquoise Hill” or the “Company”) today announced its financial results for the period ended June 30, 2020. …read more […]

Gold futures reverse gains after surging to record highs. Yahoo Finance’s Akiko Fujita and ETF Trends Director of Research Dave Nadig discuss. …read more […]

The stock has gained about 50% this year through Tuesday’s close as investors cheered its success in next-generation chips, at a time when Intel faces delays in building the smaller, faster 7-nanometer chip technology. AMD, which relies on outside foundries to make its chips, has started to take market share from Intel with offerings made on Taiwan Semiconductor Manufacturing Co Ltd’s 7-nm process technology. …read more […]

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(Bloomberg) — Advanced Micro Devices Inc. gave strong forecasts, suggesting the company is winning orders from larger rival Intel Corp. in the lucrative market for server chips. AMD shares jumped more than 9% in extended trading.Third-quarter revenue will be about $2.55 billion, Santa Clara, California-based AMD said Tuesday in a statement. That compares with the average analyst estimate of $2.3 billion, according to data compiled by Bloomberg.The company also raised its full-year sales forecast, and second-quarter results beat Wall Street expectations on sales of Epyc server chips and Ryzen PC processors.After decades of lagging way behind Intel, AMD has been …read more […]

News about the new stimulus plan and the progression of the coronavirus continues to weigh heavily on the markets. CIO of Equity at Mellon John Porter joins The Final Round to discuss his views on the markets and discuss the other variables, like the U.S. election, economic reopenings, and long term earnings trajectory, that could also be having an impact on markets. …read more […]

Some people hear the words “passive income” and imagine a life with little to no work. And while many passive income streams do have a “set it and forget it” component, others require more active nurturing to stay viable.

Payday Friday. The two words all hard-working employees love to hear. Whether you work part-time or full-time, the majority of your income likely comes from the work hours you’ve put in over the past few weeks. But what if that active income became less important? What if other passive streams of income slowly became the lion’s share of your income, freeing you …read more […]

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Airline stocks may look like bad buys right now — to Warren Buffett too — but some people see a strong bull case. …read more […]

If you want to know who really controls Kinder Morgan, Inc. (NYSE:KMI), then you’ll have to look at the makeup of its… …read more […]

Tesla valuation is “mind-boggling” — and hard to justify even in the most “bullish/imaginative scenarios”, say Bernstein analysts. …read more […]

Yahoo Finance’s Jessica Smith joins Zack Guzman to break down the latest details on the ongoing coronavirus stimulus package debate, along with the highlights from her interview with Senator Sherrod Brown. …read more […]