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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...
Fauci: Early COVID-19 vaccines will only prevent symptoms, not block the virus, , on October 26, 2020 at 7:50 pm
At Yahoo Finance's All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the finish line., At Yahoo Finance's All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the...
We’re Hopeful That Research Frontiers (NASDAQ:REFR) Will Use Its Cash Wisely, , on October 26, 2020 at 7:50 pm
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the..., Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...,
Former presidential candidate Carly Fiorina on Biden, , on October 26, 2020 at 7:45 pm
Carly Fiorina on Joe Biden: "Who he is what we need right now.", Carly Fiorina on Joe Biden: "Who he is what we need right now.",
Was The Smart Money Right About Snap Inc. (SNAP)?, , on October 26, 2020 at 7:43 pm
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t...
Carly Fiorina on how the business community thinks about Trump and its response to the pandemic, , on October 26, 2020 at 7:34 pm
Carly Fiorina, former Hewlett Packard CEO, says not that many businesses are willing to associate themselves and brands with Donald Trump., Carly Fiorina, former Hewlett Packard CEO, says not that many businesses are willing to associate themselves and brands with...
3 Stocks Under $5 That Are Ripe for a Turnaround, , on October 26, 2020 at 7:30 pm
Investors are always on the lookout for the best stock purchase, but the signs that indicate the ‘right’ stocks are an inconsistent lot. A high or rising share price, upside potential, or dividend payment have all been used – but all have their exceptions. Some...
Pacific Ethanol to change name to reflect pivot away from fuel ethanol, , on October 26, 2020 at 7:01 pm
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SAP Sends Warning for Software Earnings With Dire Forecast, , on October 26, 2020 at 6:54 pm
(Bloomberg) -- Dire earnings results at SAP SE wiped out more than 35 billion euros ($41 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry.In a...
L.A.-Area Blaze Routs Thousands as Hurricane-Like Winds Rage, , on October 26, 2020 at 6:51 pm
(Bloomberg) -- More than two dozen wildfires have broken out in California as hurricane-strength gusts sweep the state, including a blaze outside Los Angeles that’s forced 60,000 people to evacuate.Firefighters have managed to tamp down most of the fires, which began...
Dr. Anthony Fauci on getting COVID-19 vaccines by the end of 2020, , on October 26, 2020 at 6:51 pm
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), discusses the progress made on COVID-19 vaccines., Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), discusses the...
Analysts Spot a Bottom in These 2 Stocks, , on October 26, 2020 at 5:55 pm
Kenny Rogers sang, in “The Gambler,” “You got to know when to hold 'em, know when to fold 'em" -- a poker reference that has merged into popular culture. But how many know another line of the same song? "…Every hand’s a winner/And every hand’s a loser…"The meaning, of...
Tesla Raises Capex Guidance, Plans Outlay Of Up To $12B Over 2 Years, , on October 26, 2020 at 5:51 pm
Tesla Inc (NASDAQ: TSLA) operates in a capital-intensive industry, and the electric vehicle giant is stepping up investment to maintain its lead over the competition.What Happened: Tesla's capex for fiscal year 2020 will likely come in at the high end of its guidance...
Delta CEO: We’re ready to come back when people are, , on October 26, 2020 at 5:41 pm
Delta Air Lines CEO Ed Bastian on flying demand: "We don’t want customers to worry about their health on our planes.", Delta Air Lines CEO Ed Bastian on flying demand: "We don’t want customers to worry about their health on our planes.",
Delta Air Lines CEO: Pre-election stimulus looks unlikely, but both parties support money for airlines, , on October 26, 2020 at 5:35 pm
Delta Air Lines CEO Ed Bastian: "At whatever point a stimulus is approved, I'm optimistic it will support the sector.", Delta Air Lines CEO Ed Bastian: "At whatever point a stimulus is approved, I'm optimistic it will support the sector.",
Former NY Fed chief: Central bank’s ability to stimulate economy ‘rapidly diminishing’, , on October 26, 2020 at 5:29 pm
Former New York Fed President Bill Dudley says the Fed's ability to prop up the economic recovery is getting weaker., Former New York Fed President Bill Dudley says the Fed's ability to prop up the economic recovery is getting weaker.,
Delta Air Lines CEO on safety of flying during COVID: “air travel is incredibly safe.”, , on October 26, 2020 at 5:28 pm
Delta Air Lines CEO Ed Bastian says "We haven't had a single documented case of transmission aboard our aircraft, even though we’re flying 1M per week.", Delta Air Lines CEO Ed Bastian says "We haven't had a single documented case of transmission aboard our aircraft,...
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