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Stock Futures Drift After Final Election Debate: Markets Wrap, , on October 23, 2020 at 6:01 am
(Bloomberg) -- U.S. equity futures were steady with Treasury yields, while Asian stocks were mixed, as traders digested the final presidential debate and lawmakers in Washington continued to haggle over a spending bill. The dollar edged higher.S&P 500 contracts...
As COVID-19 cases spike, pneumonia vaccine demand rockets and Europe runs low, , on October 23, 2020 at 6:00 am
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Renault Beats Revenue Estimates as Electric-Car Sales Surge, , on October 23, 2020 at 5:59 am
(Bloomberg) -- Renault SA reported third-quarter revenue that beat estimates, partly fueled by a surge in sales of its popular electric model that the carmaker said will allow it to meet European emissions rules.Although revenue fell 8.2% to 10.37 billion euros ($12.2...
Wells Fargo Looks To Shed Asset Management Unit: Report, , on October 23, 2020 at 5:58 am
Wells Fargo & Co (NYSE: WFC) is in plans to delink its asset management business and is currently holding talks with private equity firms and peers in the asset management space, according to Reuters. Based on initial estimates, the deal could be valued at over $3...
Fact Check: Trump and Biden’s Final Presidential Debate, , on October 23, 2020 at 4:28 am
(Bloomberg) -- President Donald Trump and Democratic nominee Joe Biden met for the last time before the Nov. 3 election, with a debate more orderly but just as spirited as their first face-off last month. The two candidates challenged each other on their tax plans,...
PayPal Eyes Purchase Of Cryptocurrency Custodian BitGo: Report, , on October 23, 2020 at 4:25 am
PayPal Holdings Inc (NASDAQ: PYPL) is in talks with digital asset custodian BitGo for an acquisition deal, according to Bloomberg.What Happened: A deal could be reached within weeks but discussions are still in the early stages, people familiar with the matter told...
Electric-Car Mania Turns Asian Battery Makers Into Power Brokers, , on October 23, 2020 at 4:00 am
(Bloomberg) -- Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.A handful of companies based in...
Uber, Lyft Hit With Bombshell Driver Ruling as Key Vote Looms, , on October 23, 2020 at 3:45 am
(Bloomberg) -- Uber Technologies Inc. and Lyft Inc. face the gravest threat yet to their business models after an appeals court ruled they must treat their drivers in California as employees instead of independent contractors.The bombshell decision Thursday comes less...
Jim Cramer Says He Was 'Wrong' About Tesla Being A 'Cult Stock', , on October 23, 2020 at 3:00 am
Tesla Inc (NASDAQ: TSLA) received high praise from the CNBC "Mad Money" host Jim Cramer on Thursday in the aftermath of the company reporting third-quarter earnings.What Happened: "They have left the old-school automakers in the dust," Cramer said, analyzing the Q3...
Jim Cramer Says He Was ‘Wrong’ About Tesla Being A ‘Cult Stock’, , on October 23, 2020 at 3:00 am
Tesla Inc (NASDAQ: TSLA) received high praise from the CNBC "Mad Money" host Jim Cramer on Thursday in the aftermath of the company reporting third-quarter earnings.What Happened: "They have left the old-school automakers in the dust," Cramer said, analyzing the Q3...
Airbus tells suppliers: plan now for post-crisis output hike, , on October 23, 2020 at 1:50 am
Airbus has asked suppliers to be ready to support a conditional 18% increase in production of its best-selling single-aisle A320 jet family once demand recovers from the coronavirus crisis, the European planemaker said on Thursday. It is among the first visible moves...
Exclusive: Wells Fargo explores sale of asset management business – sources, , on October 23, 2020 at 1:42 am
The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost cuts, as he seeks to turn Wells Fargo around following a years-old sales practices scandal. Wells Fargo's asset management arm, which managed $578 billion on behalf of customers as...
Cisco's Webex participants near 600 million as pandemic flares again, , on October 23, 2020 at 12:27 am
Cisco's video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. After offices started to...
Cisco’s Webex participants near 600 million as pandemic flares again, , on October 23, 2020 at 12:27 am
Cisco's video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. After offices started to...
Exclusive: Wells Fargo explores sale of asset management business – sources, , on October 23, 2020 at 12:12 am
The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost cuts, as he seeks to turn Wells Fargo around following a years-old sales practices scandal. Wells Fargo's asset management arm, which managed $578 billion on behalf of customers as...
Huawei Outhustles Trump by Hoarding Chips Vital for China 5G, , on October 23, 2020 at 12:11 am
(Bloomberg) -- Huawei Technologies Co. quietly spent months racing to stockpile critical radio chips ahead of Trump administration sanctions, ensuring it can keep supplying Chinese carriers in their $170 billion rollout of 5G technology through at least 2021.Partner...
Intel Tumbles on Data Center Sales Decline, Tepid Forecast, , on October 22, 2020 at 11:43 pm
(Bloomberg) -- Intel Corp. shares slumped after a surprise drop in data center sales and a tepid forecast added to concern that the company is losing its lead in computer chips.The data center business, a major source of Intel profit, suffered a 10% decline in...
American Airlines Gets Q3 Boost From Cargo As Yields Pop, , on October 22, 2020 at 11:21 pm
American Airlines (NASDAQ: AAL) stepped up its cargo game in the third quarter on the strength of an 83.6% jump in cargo yield that helped the company's overall results beat investors' expectations. Cargo revenue was essentially equal to a year ago despite operating a...
Stock market news live updates: Stock futures rise with stimulus hopes, presidential debate in focus, , on October 22, 2020 at 10:19 pm
Stock futures opened higher on Thursday to extend the major indices’ earlier gains, as investors continued to eye upbeat commentary from officials around stimulus talks, and looked ahead to the final presidential debate., Stock futures opened higher on Thursday to...
A Tale of 2 Automotive Stocks to Buy, , on October 22, 2020 at 10:15 pm
Cars are ubiquitous. Love them or hate them, you can’t get around them – or sometimes, get around without them. This makes them attractive as long-term investments for investors who know that the market, while dynamic and changing, is not going away. Deutsche Bank...
Gap Shares Soar After Company Unveils Three-year Growth Strategy, , on October 22, 2020 at 10:08 pm
The plan includes closing Gap and Banana Republic stores, doubling the Athleta business and growing Old Navy from a $8 billion to $10 billion brand., The plan includes closing Gap and Banana Republic stores, doubling the Athleta business and growing Old Navy from a $8...
JMP’s Osha breaks down Tesla upgrade,Q3 earnings results, , on October 22, 2020 at 10:00 pm
JMP Securities’s Joseph Osha joins The Final Round to break down the upgrades Tesla is making to their cars and what lies on the road ahead for the electric car manufacturer. The Final Round panel breaks down the details., JMP Securities’s Joseph Osha joins The Final...
Natural Gas Giant EQT to Pursue Takeover Of CNX Resources, , on October 22, 2020 at 9:53 pm
(Bloomberg) -- EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed shale patch.EQT recently sent a takeover proposal to CNX...
Stock market news live updates: Stock futures extend declines with stimulus deal still elusive, , on October 21, 2020 at 10:21 pm
Stock futures opened lower Wednesday evening, extending regular-session declines, as traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results also continued to roll in mixed., Stock futures opened...
Tesla Beats on Profit, Reaffirms Goal of 500,000 Deliveries, , on October 21, 2020 at 9:34 pm
(Bloomberg) -- Tesla Inc. reported a fifth consecutive quarter of profits Wednesday, handily beating analysts’ estimates, and said it remains on track to deliver 500,000 cars in 2020 despite weaker sales in the rest of the global auto industry.The earnings streak...
WD-40 CEO reveals 3 of the craziest ways his lubricating spray has been used, , on October 21, 2020 at 9:15 pm
WD-40 Chairman and CEO Garry Ridge chats with Yahoo Finance about the outlook for his business., WD-40 Chairman and CEO Garry Ridge chats with Yahoo Finance about the outlook for his business.,
Tesla Q3 reports 'fantastic, but valuation comes from autonomous’: analyst, , on October 21, 2020 at 9:13 pm
Roth Capital Partners analyst Craig Irwin joins The Final Round to break down what everything you need to know about Tesla’s latest earnings report and the company's role in the autonomous driving space., Roth Capital Partners analyst Craig Irwin joins The Final Round...
Tesla Q3 reports ‘fantastic, but valuation comes from autonomous’: analyst, , on October 21, 2020 at 9:13 pm
Roth Capital Partners analyst Craig Irwin joins The Final Round to break down what everything you need to know about Tesla’s latest earnings report and the company's role in the autonomous driving space., Roth Capital Partners analyst Craig Irwin joins The Final Round...
Peloton Slides After Goldman Downgrade on 458% Share Price Rally, , on October 21, 2020 at 8:56 pm
(Bloomberg) -- Peloton Interactive Inc. slid in extended trading Wednesday after Goldman Sachs issued a rare downgrade of the stock to a hold-equivalent rating, citing a more than fivefold share-price rally over the past year.The 458% gain in Peloton shares since it...
Tesla tops Q3 estimates, targets 500K deliveries by end of 2020, , on October 21, 2020 at 8:48 pm
Tesla shares are up in after hour trading following a third-quarter earnings report that beat expectations. The electric car manufacturer reported $8.77 billion in revenue, compared to the Street's estimate of $8.26 billion, while posting its fifth straight quarter of...
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