Spot gold was little changed at $1,909.20 per ounce by 0619 GMT. U.S. gold futures were flat at $1,911.60. "Investors need a reason to buy more gold and the reason to buy gold will come from a policy signal," said Stephen Innes, chief global market strategist at Axi.,...
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Is Apple Stock a Buy Ahead of Earnings? This Is What You Need to Know, , on October 28, 2020 at 1:53 am
Apple (AAPL) will report FQ4 earnings on Thursday evening in what will as per usual be one of earnings season’s highlights. This September quarter’s results, however, will have a different flavor, due to the well-publicized delay to the new iPhone’s release. An issue...
American Airlines (AAL) Stock Still Worth $18, Says Analyst, , on October 28, 2020 at 1:23 am
Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. But making any forward predictions in 2020 has been a thankless task, as...
Boeing Earnings Are Coming; Here’s What Matters, , on October 28, 2020 at 12:43 am
Many companies will be eager to put 2020 behind them and surely so will Boeing (BA). The A&D giant had issues to contend with prior to the viral outbreak, but these were exacerbated by COVID-19’s ruinous impact on the airline industry.Reduced long-term commercial...
Blackrock, Bezos And Musk Charging Ahead in this $30 Trillion Mega-Trend, , on October 28, 2020 at 12:01 am
In the last two years there has been a 733% increase in ESG investments while tech companies have soared, now there is one new industry player bringing these two key sectors together, In the last two years there has been a 733% increase in ESG investments while tech...
Aston Martin Turns to Mercedes for Help Steering Out of Crisis, , on October 28, 2020 at 12:00 am
(Bloomberg) -- Months after catching a lifeline from its billionaire owner, Aston Martin Lagonda Global Holdings Plc is securing more sorely needed funds and forging closer ties with Daimler AG to survive tumultuous times for the auto industry.The British carmaker is...
Todd Gordon’s Qualcomm Options Trade, , on October 27, 2020 at 11:51 pm
On CNBC's "Trading Nation," Todd Gordon said he's bullish QUALCOMM, Inc. (NASDAQ: QCOM) and he will likely add it to his portfolio.Gordon is bullish because Qualcomm's chips are included in iPhone 12 and Apple Inc. (NASDAQ: AAPL) intends to include them in future...
Coinbase Goes Down as Bitcoin Approaches 2019 Highs, , on October 27, 2020 at 11:49 pm
Coinbase has halted trading on its platform as bitcoin crawls to 2019 highs., Coinbase has halted trading on its platform as bitcoin crawls to 2019 highs.,
Josh Brown Shares His Thoughts On UPS, , on October 27, 2020 at 11:48 pm
On CNBC's "Fast Money Halftime Report," Josh Brown spoke about UBS's bullish call on United Parcel Service, Inc. (NYSE: UPS). UBS upgraded the stock to Buy with a price target of $214.Brown doesn't own the stock, but he kind of likes it. He likes the fundamentals...
Price Cut Could Settle Tiffany vs. LVMH, , on October 27, 2020 at 11:00 pm
The jeweler's stock rebounded on reports that it would consider less than the $135-a-share price set last year., The jeweler's stock rebounded on reports that it would consider less than the $135-a-share price set last year.,
Jim Cramer Talks AMD, Inovio And Honda Motors, , on October 27, 2020 at 10:57 pm
Jim Cramer on Tuesday's "Mad Money" shared his thoughts on Advanced Micro Devices, Inc. (NASDAQ: AMD), Inovio Pharmaceuticals, Inc. (NASDAQ: INO) and Honda Motor Co., Ltd. (NYSE: HMC).On AMD: Cramer says "AMD has much more room to go" following the company's strong...
Americans are bracing their finances for the election — should you?, , on October 27, 2020 at 10:30 pm
A survey finds many people are making these six money moves with an eye on Nov. 3., A survey finds many people are making these six money moves with an eye on Nov. 3.,
Stock market news live updates: Stock futures open lower, Dow futures shed 100+ points, , on October 27, 2020 at 10:16 pm
Stock futures opened lower Tuesday evening after another volatile day on Wall Street, with investors continuing to digest still-elevated coronavirus case counts in the U.S. and Europe, weighing outcomes of Election Day next week and contemplating when another round of...
J.C. Penney Lender Fight Shows Competing Bankruptcy Interests, , on October 27, 2020 at 9:46 pm
The ongoing conflict between J.C. Penney’s lender constituencies reflects the ever-present struggles in a bankruptcy., The ongoing conflict between J.C. Penney’s lender constituencies reflects the ever-present struggles in a bankruptcy.,
Microsoft’s Sales Top Estimates on Booming Cloud Demand, , on October 27, 2020 at 9:36 pm
(Bloomberg) -- Microsoft Corp.’s first-quarter revenue climbed a better-than-projected 12%, strengthened by corporate demand for cloud-computing services to support customers’ remote workers and move more of their business online.Sales in the period that ended Sept....
AMD’s Lisa Su Redoubles Intel Challenge With Record Xilinx Deal, , on October 27, 2020 at 9:31 pm
(Bloomberg) -- Lisa Su spent her first six years at the helm of Advanced Micro Devices Inc. turning around the troubled chipmaker. She slashed debt and oversaw products that launched on time and performed as advertised.Now she’s going beyond cleanup to challenge Intel...
Wells Fargo Hits Lowest Since 2009 as Investors Await Strategy, , on October 27, 2020 at 9:05 pm
(Bloomberg) -- Wells Fargo & Co. shares fell to their lowest level in more than a decade Tuesday as investors awaiting Chief Executive Officer Charlie Scharf’s strategy absorbed the prospect of job cuts and likely business sales.Shares declined 3.9% to their...
Overall, its a really strong quarter across the board: Analyst on Microsoft earnings, , on October 27, 2020 at 9:01 pm
D.A. Davidson Analyst Rishi Jaluria joins The Final Round panel to break down what to make of Microsoft in it’s better-than-expected earnings report. , D.A. Davidson Analyst Rishi Jaluria joins The Final Round panel to break down what to make of Microsoft in it’s...
EQT to Buy Chevron Appalachian Shale Assets for $735 Million, , on October 27, 2020 at 8:53 pm
(Bloomberg) -- EQT Corp. agreed to buy Chevron Corp.’s Appalachian shale assets for $735 million as the biggest producer of U.S. natural gas takes advantage of an industry slump to expand.The transaction is expected to close by the end of the year, EQT said in a...
Were Hedge Funds Right About Crowding Into Marvell Technology Group Ltd. (MRVL)?, , on October 27, 2020 at 8:32 pm
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts...
MindMed Files Final Prospectus In Connection With Bought Deal Equity Financing, , on October 27, 2020 at 8:30 pm
FINANCING TO SUPPORT THE DEVELOPMENT OF MINDMED'S GROWING PIPELINE OF PSYCHEDELIC INSPIRED MEDICINES AND EXPERIENTIAL THERAPIESNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Oct. 27, 2020 /PRNewswire/ -- Mind...
Microsoft beats Q1 estimates, credits cloud business, , on October 27, 2020 at 8:27 pm
On Tuesday, Microsoft announced its fiscal Q1 2021 earnings, beating analysts’ expectations on the strength of its cloud business. The tech company reported revenue of $37.2 billion, beating the Street estimate of $35.76 billion. Yahoo Finance’s Myles Udland breaks...
A Look At The Fair Value Of Facebook, Inc. (NASDAQ:FB), , on October 27, 2020 at 7:55 pm
In this article we are going to estimate the intrinsic value of Facebook, Inc. (NASDAQ:FB) by taking the forecast..., In this article we are going to estimate the intrinsic value of Facebook, Inc. (NASDAQ:FB) by taking the forecast...,
Microsoft Q1 2021 earnings beat expectations on cloud strength, , on October 27, 2020 at 7:47 pm
Microsoft Q1 2021 earnings beat analyst expectations on continued cloud strength., Microsoft Q1 2021 earnings beat analyst expectations on continued cloud strength.,
AMD to buy Xilinx in $35B deal, expanding chip business, , on October 27, 2020 at 7:17 pm
Yahoo Finance’s Dan Howley joins Kristin Myers to discuss how AMD agreeing to buy Xilinx is a chipmaker mega-deal., Yahoo Finance’s Dan Howley joins Kristin Myers to discuss how AMD agreeing to buy Xilinx is a chipmaker mega-deal.,
Most efficacious, safest COIVD-19 vaccine ‘is going to be the winner’: Strategist, , on October 27, 2020 at 7:12 pm
Jefferies Healthcare Equity Strategy Jared Holz joins Yahoo Finance’s Kristin Myers to break down the latest on coronavirus vaccine developments. , Jefferies Healthcare Equity Strategy Jared Holz joins Yahoo Finance’s Kristin Myers to break down the latest on...
Visa’s deal to buy fintech startup Plaid faces antitrust scrutiny: WSJ, , on October 27, 2020 at 6:17 pm
The Justice Department could decide soon whether it will sue to block the deal, the report said. The Justice Department is also preparing for potential litigation, including lining up witnesses for a trial, according to the WSJ report. Visa and the Department of...
Sony seeing ‘very considerable’ PS5 demand ahead of launch, , on October 27, 2020 at 5:48 pm
Sony Corp is seeing "very considerable" demand for its PlayStation 5 (PS5) console via pre-orders, its gaming chief said on Wednesday, as users rush to secure the next-generation device ahead of its Nov. 12 launch. "The demand as expressed by the level of pre-order...
David Einhorn Says Tech Stocks Are in an ‘Enormous’ Bubble, , on October 27, 2020 at 5:47 pm
(Bloomberg) -- Technology stocks are in an “enormous” bubble, Greenlight Capital’s David Einhorn said in a letter to investors.“Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped,” he wrote in the...
Harley-Davidson Announces New Electric Bicycle Brand, , on October 27, 2020 at 5:45 pm
Many auto companies are making the move to an electric future. Harley-Davidson Inc (NYSE: HOG), the company best known for loud, gas-powered motorcycles, is starting the electric journey in a different category.Harley-Davidson announced its new brand as the Serial 1...
Eli Lilly slumps after earnings miss, paused COVID-19 antibody trial, , on October 27, 2020 at 5:41 pm
Yahoo finance’s Anjalee Khemlani and Zack Guzman break down the latest surrounding Eli Lilly's vaccine trial., Yahoo finance’s Anjalee Khemlani and Zack Guzman break down the latest surrounding Eli Lilly's vaccine trial.,
World’s Biggest ETF Is Losing Cash Faster Than Any of Its Peers, , on October 27, 2020 at 5:26 pm
(Bloomberg) -- The world’s biggest exchange-traded fund is losing cash at a faster pace than any of its peers as investors seek lower fees amid a wave of cost cutting.Traders have yanked $33 billion from SPDR S&P 500 ETF Trust (SPY) so far this year, the most in...
Callaway Climbs After Report That It Will Buy Rest of Topgolf, , on October 27, 2020 at 5:19 pm
(Bloomberg) -- Callaway Golf Co. climbed as much as 8% after the Wall Street Journal reported that it was nearing a deal to buy the remainder of driving-range chain Topgolf Entertainment Group, providing the golf-club giant with a new source of growth.The deal would...
AMD Is Officially Leaving Intel in the Dust, , on October 27, 2020 at 4:58 pm
(Bloomberg Opinion) -- Not only is business booming for Advanced Micro Devices Inc. The chip giant now even has the swagger to pull off a megadeal without breaking a sweat as it extends its lead over rival Intel Corp.AMD on Tuesday posted better-than-expected...
Exact Sciences Soars on $2.15 Billion Deal for Testing Firm, , on October 27, 2020 at 4:44 pm
(Bloomberg) -- Exact Sciences Corp. said it will acquire Thrive Earlier Detection Corp. to gain technology for cancer screening in a deal worth as much as $2.15 billion.The cash and stock agreement will bring closely held Thrive’s CancerSeek technology to Exact...
UK starts real-time review of Moderna’s COVID-19 vaccine candidate, , on October 27, 2020 at 4:36 pm
The company has begun a rolling data submission from its vaccine candidate to UK's Medicines and Healthcare products Regulatory Agency (MHRA) for it to start its independent assessment of evidence as and when it becomes available. Moderna is among the frontrunners in...
Was The Smart Money Right About Arena Pharmaceuticals, Inc. (ARNA)?, , on October 27, 2020 at 4:30 pm
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and...
Were Hedge Funds Right About Roku, Inc. (ROKU)?, , on October 27, 2020 at 4:29 pm
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a...
Exclusive: Chevron to lay off about 25% of Noble Energy employees after merger, , on October 27, 2020 at 4:29 pm
A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off thousands of employees and cutting down on drilling. The job cuts, which are on top of Chevron's plan to reduce 10%-15% of its own workforce, come after the...
Raytheon commercial business hurt by COVID-19, shares fall on weak outlook, , on October 27, 2020 at 4:10 pm
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Harley shines as CEO Zeitz’s turnaround plan boosts profit, , on October 27, 2020 at 4:08 pm
The sharp recovery from the pandemic lows comes as CEO Zeitz looks to recharge the business by shifting the focus back to big bikes and traditional markets like the United States and Europe. Harley also tightened supplies and cut production, driving up prices for...
Why Goodyear Tire & Rubber Co (GT) Stock is a Compelling Investment Case, , on October 27, 2020 at 4:01 pm
White Brook Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 2.23% for the quarter (net of fees), underperforming their benchmark, the S&P 400 Index which returned 4.77% in the same quarter....
Pfizer’s Covid-19 vaccine doesn’t add a ‘tremendous amount’ to the company’s valuation: Analyst, , on October 27, 2020 at 4:00 pm
Navin Jacob - UBS Pharmaceuticals Analyst joins Yahoo Finance’s On The Move panel to deep dive into the latest pharmaceutical earnings reports., Navin Jacob - UBS Pharmaceuticals Analyst joins Yahoo Finance’s On The Move panel to deep dive into the latest...
White House Ditches Pre-Election Stimulus Hope, Sees Weeks to Go, , on October 27, 2020 at 3:51 pm
(Bloomberg) -- The White House on Tuesday appeared resigned to what most observers of the fiscal-stimulus negotiations had long concluded: there won’t be a pre-election package.“We’re confident that we can get something in the coming weeks,” White House spokeswoman...
Tiffany and LVMH discuss price cut to settle deal dispute, , on October 27, 2020 at 3:01 pm
The negotiations were based on a price in the range of $131-$134 for each Tiffany share, against the previous price of $135. Tiffany last month sued the Louis Vuitton owner in a Delaware court, alleging that the French company had been stalling the deal and that it...
Oppenheimer: These 3 Stocks Are Poised to Surge by at Least 60%, , on October 27, 2020 at 2:22 pm
It’s down to the wire. The U.S. Presidential elections are only a week away, and with the polls showing Biden has an edge over President Trump, investors are preparing.Oppenheimer’s Chief Investment Strategist John Stoltzfus points out that last week, stocks churned...
Stocks renew declines, as stimulus may be off the table ahead of the election, , on October 27, 2020 at 2:14 pm
Ed Clissold, Chief U.S. Strategist for Ned Davis Research, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what's moving the markets around Tuesday’s opening bell., Ed Clissold, Chief U.S. Strategist for Ned Davis Research,...
3M, Caterpillar, JetBlue post Q3 earnings, , on October 27, 2020 at 1:53 pm
Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from 3M, Caterpillar and JetBlue., Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and...
Resonant (NASDAQ:RESN) Share Prices Have Dropped 44% In The Last Three Years, , on October 27, 2020 at 1:51 pm
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market..., In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...,
Grizzly Research: SPI Energy Is a “Perpetual Pump And Dump Maniac”, , on October 27, 2020 at 1:31 pm
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AMD buys Xilinx in $35B deal, , on October 27, 2020 at 1:24 pm
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss AMD buying rival chipmaker Xilinx in an all-stock deal., Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss AMD buying rival chipmaker Xilinx in an all-stock deal.,
Zeta to Regain Hurricane Strength as it Heads North Toward U.S., , on October 27, 2020 at 1:18 pm
(Bloomberg) -- Zeta will move into the Gulf of Mexico in the next few hours after making landfall on the Yucatan Peninsula, then regain strength as it heads north toward Louisiana and likely comes ashore Wednesday.Now a tropical storm again, Zeta’s winds fell to 70...
Was The Smart Money Right About Embracing VMware, Inc. (VMW)?, , on October 27, 2020 at 1:14 pm
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’...
Do These Hedge Funds Regret Selling Chipotle Mexican Grill, Inc. (CMG)?, , on October 27, 2020 at 1:12 pm
Is Chipotle Mexican Grill, Inc. (NYSE:CMG) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are...
Yes, Tesla Beat Earnings — and Yes, Tesla Stock Is Still a Sell, Says Analyst, , on October 27, 2020 at 1:01 pm
For a day that marked Tesla's (TSLA) fifth straight quarter of reporting positive profits, last week's 0.7% increase in the share price of Tesla stock seemed somewhat underwhelming.Reporting earnings Wednesday night, Tesla closed trading Thursday up only modestly, and...
Harley-Davidson Shares Jump as New CEO’s Turnaround Delivers Revenue Beat, , on October 27, 2020 at 12:27 pm
(Bloomberg) -- Harley-Davidson Inc. shares jumped as much as 13% in premarket trading on better-than-expected profit as Chief Executive Officer Jochen Zeitz’s moves to cut costs and boost margins on a smaller revenue base paid off in the third quarter.The Milwaukee,...
Investors Who Bought Gencor Industries (NASDAQ:GENC) Shares Five Years Ago Are Now Up 81%, , on October 27, 2020 at 12:26 pm
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses..., When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...,
Pfizer not yet ready to release COVID-19 vaccine data, , on October 27, 2020 at 11:53 am
Pfizer said in a presentation that the independent monitor which will determine whether or not the trial has been successful has not conducted any interim efficacy analyses yet. Chief Executive Albert Bourla has previously said the company could release data on...
5 Stocks That Could Have Great Near-Term Growth Potential (1 Has Gained 127% Since June 30), , on October 27, 2020 at 11:49 am
Cristan Blackman’s Empirical Capital Partners is a Tennessee-based hedge fund founded in 2000 that takes a small number of concentrated positions in high-quality companies, with the fund investing the bulk of its assets in those companies which it sees as having the...
Oncolytics Biotech® Collaborates with Roche and AIO to Initiate a Phase 1/2 Gastrointestinal Cancer Trial Combining Pelareorep with Roche’s Anti-PD-L1 Checkpoint Inhibitor, , on October 27, 2020 at 11:28 am
Multi-center trial to assess the safety and efficacy of pelareorep-atezolizumab combination therapies across multiple GI cancer indicationsTreatment aimed at 4.8M global GI cancer cases annually1 and the approximately 80% of GI cancer patients who do not respond to...
Santander Rebounds From Giant Loss With Profit, Capital Lift, , on October 27, 2020 at 11:13 am
(Bloomberg) -- Banco Santander SA rebounded from its worst-ever quarter with a profit that beat estimates and improved capital as it seeks to convince regulators that its balance sheet is strong enough to resume dividend payments.Net income totaled 1.75 billion euros...
Merck raises annual profit outlook as Keytruda drives profit beat, , on October 27, 2020 at 10:57 am
Merck said it now expects full-year adjusted profit of between $5.91 and $6.01 per share, compared with its prior forecast of between $5.63 to $5.78 per share. For 2020, Merck now expects an unfavorable impact to revenue of about $2.35 billion due to the pandemic, up...
Pfizer not yet ready to release COVID-19 vaccine data, , on October 27, 2020 at 10:51 am
Pfizer's CEO Albert Bourla has said the company could release data on whether or not the vaccine works as early as this month, but the company said in a presentation that the independent data monitoring board which will determine whether or not the trial has been...
AMD Agrees to Buy Chipmaker Xilinx in $35 Billion All-Stock Deal, , on October 27, 2020 at 10:50 am
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3M profit beats estimates on healthcare product boost, , on October 27, 2020 at 10:49 am
There has been a recovery from last quarter when the company suffered a plunge in sales, as demand for office supplies declined with more people working from home due to the pandemic. Sales in its healthcare unit, which also makes surgical supplies and dental...
Caterpillar reports 54% drop in quarterly earnings, , on October 27, 2020 at 10:44 am
Caterpillar Inc on Tuesday reported lower third-quarter earnings as equipment sales fell across all three primary segments. Caterpillar Chief Executive Jim Umpleby, however, said the company was witnessing "positive signs" in certain industries and geographies....
AMD to buy chip peer Xilinx for $35 billion in data center push, , on October 27, 2020 at 10:35 am
The deal, which AMD expects to close at the end of 2021, will create a combined company with 13,000 engineers and a completely outsourced manufacturing strategy that relies heavily on Taiwan Semiconductor Manufacturing Co Ltd (TSMC) . The two U.S. firms have benefited...
Cleveland-Cliffs Inc. (NYSE:CLF) Released Earnings Last Week And Analysts Lifted Their Price Target To US$7.85, , on October 27, 2020 at 10:30 am
Investors in Cleveland-Cliffs Inc. (NYSE:CLF) had a good week, as its shares rose 9.5% to close at US$8.52 following..., Investors in Cleveland-Cliffs Inc. (NYSE:CLF) had a good week, as its shares rose 9.5% to close at US$8.52 following...,
Chairman Plattner buys nearly $300 million in SAP stock, , on October 27, 2020 at 10:26 am
Hasso Plattner, chairman and co-founder of SAP, bought shares worth nearly $300 million in the German software company on Monday after a once-in-a-generation price slide triggered when management dumped its profit targets. The 76-year-old billionaire bought shares...
Europe Stocks Open Lower, U.S. Futures Fluctuate: Markets Wrap, , on October 27, 2020 at 8:30 am
(Bloomberg) -- European stocks opened down on Tuesday and U.S. futures fluctuated as investors weighed positive earnings reports against concerns that surging coronavirus cases will hurt the global economy.Declines in European energy and auto share offset gains in...
HSBC to accelerate restructuring plan to cut costs, , on October 27, 2020 at 8:09 am
The bank is yet to say if it will shed more jobs beyond the 35,000 it flagged earlier this year., The bank is yet to say if it will shed more jobs beyond the 35,000 it flagged earlier this year.,
BP Narrowly Avoids Third-Quarter Loss, , on October 27, 2020 at 7:48 am
(Bloomberg) -- BP Plc narrowly avoided a third-quarter loss, but warned there are many challenges ahead as the pace of recovery in oil demand remains uncertain.The company defied analyst expectations to eke out a small profit as a rebound in earnings from fuel...
U.S. Sanctions Iranian Oil Minister, , on October 27, 2020 at 6:54 am
Oct.27 -- The U.S. Treasury Department has sanctioned Iran’s Minister of Petroleum as well as some of the entities related to the country’s oil production and that comes as tensions rise between the two countries ahead of the U.S. election next week. Bloomberg’s...
Sheldon Adelson’s Last Roll of the Dice May Be His Boldest, , on October 27, 2020 at 4:45 am
(Bloomberg Opinion) -- No one ever said that the casino industry didn’t involve risky bets. Sheldon Adelson, the billionaire founder of Las Vegas Sands Corp., is considering a $6 billion sale of the Nevada casinos that made his fortune, people familiar with the matter...
Jack Ma’s Ant Plans Early Book Close for Hong Kong IPO, , on October 27, 2020 at 4:29 am
(Bloomberg) -- Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily subscribed, according to people familiar with the...
Tesla Ends Controversial Indemnification Agreement With Elon Musk, , on October 27, 2020 at 3:55 am
Tesla Inc (NASDAQ: TSLA) has ended a controversial practice where it paid its CEO Elon Musk to provide Directors and officers (D&O) liability insurance, the electric vehicle maker revealed in a filing with the U.S. Securities and Exchange Commission.What Happened:...
Ant IPO By the Numbers: It’s Bigger Than Finland’s GDP, , on October 27, 2020 at 2:46 am
(Bloomberg) -- There’s no shortage of superlatives for Ant Group Co.’s initial public offering. Here’s a look at some of the key metrics, and why billionaire Jack Ma seems to be such a fan of the number eight.IPO: $34.5 BillionAnt’s $34.5 billion IPO blows past the...
Were These Hedge Funds Right About Warming Up to IBM?, , on October 27, 2020 at 2:45 am
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 823 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge...
Were Hedge Funds Right About Avoiding Accenture Plc (ACN)?, , on October 27, 2020 at 2:30 am
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years....
Tencent Surges After U.S. Court Upholds Stay on WeChat Ban, , on October 27, 2020 at 2:24 am
(Bloomberg) -- The Trump administration lost a bid to enforce its prohibitions against the Chinese-owned “super app” WeChat in the U.S. after appealing a judge’s ruling that the ban probably violates the free-speech rights of its users.Upholding a trial judge, the...
Walmart CEO gives his outlook for retail, , on October 27, 2020 at 2:21 am
Walmart CEO Doug McMillon joins Yahoo Finance's All Markets Summit to discuss his outlook for retail in 2020 and beyond., Walmart CEO Doug McMillon joins Yahoo Finance's All Markets Summit to discuss his outlook for retail in 2020 and beyond.,
Delta Air Lines CEO on the health of the travel industry, , on October 27, 2020 at 2:01 am
Delta Air Lines CEO Ed Bastian joins Yahoo Finance's All Markets Summit with his take on the health of the airline industry and the future of travel., Delta Air Lines CEO Ed Bastian joins Yahoo Finance's All Markets Summit with his take on the health of the airline...
How to cope if Amy Coney Barrett helps end Obamacare, , on October 27, 2020 at 1:37 am
The new Supreme Court justice could help kill the health care law. What if you rely on it?, The new Supreme Court justice could help kill the health care law. What if you rely on it?,
Good Entry Point for Gilead Sciences (GILD)? Not Just Yet, Says Analyst, , on October 27, 2020 at 12:25 am
Gilead Sciences (GILD) notched a first last week, when its antiviral coronavirus treatment Veklury (remdesivir) received full FDA approval.The treatment had previously been granted emergency use authorization (EUA), but the complete go ahead from the regulatory body...
Apple (AAPL), Amazon (AMZN) Among Brasada Capital Management’s Biggest Quarterly Moves, , on October 27, 2020 at 12:21 am
Mark McMeans’ Brasada Capital Management is a Houston-based long/short equity hedge fund founded in 2008. The fund takes a conservative approach to its investments, including using hedging and risk management strategies to achieve its desired risk-adjusted returns....
Las Vegas Sands mulling $6 billion sale of Vegas casinos: source, , on October 27, 2020 at 12:18 am
The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, the source added, asking not to be identified. Bloomberg reported earlier that Las Vegas Sands is working with an adviser to solicit interest...
Salesforce’s Benioff Says SAP’s Troubles Are ‘Unique to Them’, , on October 26, 2020 at 11:57 pm
(Bloomberg) -- Salesforce.com Inc. Chief Executive Officer Marc Benioff criticized rival SAP SE’s business performance in stark terms, rejecting the notion that the German software giant’s challenges are an omen for his company.At “SAP, you can see they’re having very...
Charles Schwab to cut about 1,000 jobs, , on October 26, 2020 at 11:47 pm
"These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms," Charles Schwab, which completed the acquisition of TD Ameritrade earlier in October, said. In November last year, Charles Schwab had agreed to buy TD Ameritrade...
Facebook: Rebounding Ad Market Signals a Strong Q3, Says 5-Star Analyst, , on October 26, 2020 at 11:17 pm
Earnings season is in full swing, and will reach a peak of sorts on Thursday, when all FAANG stocks (except Netflix) report Q3 results.Ahead of the battle of the mega-caps, Stifel analyst John Egbert expects Facebook (FB) to beat the estimates.The 5-star analyst...
AMD Expected To Draw Strength From Intel’s Weaknesses, Gaming Console Chips, , on October 26, 2020 at 11:00 pm
Advanced Micro Devices, Inc. (NASDAQ: AMD) is on tap to release its third-quarter earnings report Tuesday after the market closes. The report assumes significance, as rival chipmaker Intel Corporation (NASDAQ: INTC) turned in a disappointing quarterly performance.Q1...
J.C. Penney Lenders Say They’re Facing ‘Economic Terrorism’, , on October 26, 2020 at 10:18 pm
(Bloomberg) -- Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout.Those creditors, led by Aurelius...
Stock market news live updates: Stock futures tick higher after Dow’s worst drop in nearly two months, , on October 26, 2020 at 10:15 pm
Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month., Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street...
Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos, , on October 26, 2020 at 10:08 pm
(Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca.The casino operator is working with an...
Former Trump advisor Gary Cohn: Markets are down on the ‘100% probability’ that stimulus deal won’t pass before the election, , on October 26, 2020 at 9:47 pm
A big reason for Monday's stock selloff, according to Gary Cohn, is the “100% percent probability” that we are not going to have fiscal stimulus before an election., A big reason for Monday's stock selloff, according to Gary Cohn, is the “100% percent probability”...
Twilio posts surprise profit on remote-work boost, , on October 26, 2020 at 9:29 pm
The cloud communications company, however, expects to post a loss of 8 cents to 11 cents per share for the current quarter. Analysts on average were expecting a profit of 2 cents. Excluding items, Twilio posted a profit of 4 cents per share for the third quarter,...
5 Healthcare Stocks the Experts at Aquilo Capital Management Are Buying (1 Has Gained 88% This Month), , on October 26, 2020 at 9:28 pm
Marc Schneidman’s Aquilo Capital Management is a San Francisco-based, healthcare-focused long/short hedge fund that was founded in 2010. The fund uses CIO Schneidman’s 20 years of industry expertise in biotech research and investments, which included 15 years working...
Citron Explains Change Of Heart On Jumia Technologies, $100 Price Target, , on October 26, 2020 at 9:07 pm
Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. The Citron Bullish Case: Citron Research flagged problems at Jumia Technologies (NYSE: JMIA) in May 2019 that it said included financial...
Gary Cohn on Biden’s tax plan and US corporate tax rates, , on October 26, 2020 at 8:17 pm
Gary Cohn, former president and CEO of Goldman Sachs and former White House National Economic Council Director: 'I think you have to get the corporate tax rate to a level that makes sense in the global tax landscape.', Gary Cohn, former president and CEO of Goldman...
Wells Fargo Exploring $1 Billion-Plus Corporate-Trust Sale, , on October 26, 2020 at 8:06 pm
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Were Hedge Funds Right About Embracing Regeneron Pharmaceuticals Inc (REGN)?, , on October 26, 2020 at 8:00 pm
In this article we will check out the progression of hedge fund sentiment towards Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a...
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