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GM plans investments to expand electric vehicle production, , on October 20, 2020 at 2:26 am
General Motors Co is expected to announce on Tuesday significant investments to expand production of electric vehicles at a factory in Spring Hill, Tennessee and potentially other sites. GM said in a statement Monday that it planned to make a "major U.S. manufacturing...
Exxon Mobil, after Trump's fundraising remarks, says its CEO and Trump had no phone call, , on October 20, 2020 at 2:17 am
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Exxon Mobil, after Trump’s fundraising remarks, says its CEO and Trump had no phone call, , on October 20, 2020 at 2:17 am
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Intel Agrees to Sell Storage Unit to SK Hynix for $9 Billion, , on October 20, 2020 at 2:05 am
(Bloomberg) -- Intel Corp. agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for about $9 billion, a deal that allows the U.S. chipmaker to concentrate on its main business while shoring up the Asian company’s position in a booming market.The...
Logitech reports 75% jump in quarterly sales, raises full-year outlook, , on October 20, 2020 at 2:03 am
The maker of computer keyboards and mice also raised its full-year forecast, saying it now expects annual sales to increase between 35% and 40% in constant currencies and non-GAAP operating income of between $700 million and $725 million. "The growth trends that drive...
Kodak CEO Says Moving Forward On Generic Drug Ingredients Venture, With or Without Federal Loan, , on October 20, 2020 at 1:19 am
Eastman Kodak Co (NYSE: KODK) CEO Jim Continenza said Monday that the company would push ahead with making generic drug ingredients, irrespective of whether it receives government assistance or not, the Wall Street Journal reports.What Happened: "It was put on hold...
DraftKings: 3 Positive Takeaways From the Turner Partnership, , on October 20, 2020 at 12:47 am
After charging off the starting line and posting huge market gains in 2020, recent events have put a halt to DraftKings’s (DKNG) spectacular debut as a publicly traded company.A recent share dilution, reports of new coronavirus infections in the NFL and in college...
Intel Agrees to Sell Storage Unit to SK Hynix for $9 Billion, , on October 20, 2020 at 12:46 am
(Bloomberg) -- Intel Corp. agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for about $9 billion, part of a broader effort by the U.S. chipmaker to concentrate on its main business.The Asian company will pay 10.3 trillion won for the Intel unit,...
Amazon: Prime Day’s Success Bodes Well for Q4, Says 5-Star Analyst, , on October 20, 2020 at 12:18 am
Amazon (AMZN) hosted its annual Prime Day event last week, and although it has yet to release overall sales, Truist analyst Youssef Squali believes the available data indicates this year’s event “was a record sales period again for the company.”The sales data so far...
Tesla third-quarter registrations in California drop 13%: data, , on October 20, 2020 at 12:03 am
The report released on Monday showed registrations in California, a bellwether for the electric-car maker and its largest U.S. market, recovered from a second-quarter low of roughly 9,800 vehicles to around 16,200 vehicles in the three months ended September....
Pfizer: The Pace of COVID-19 Vaccine Development Is Remarkable, Says Analyst, , on October 19, 2020 at 11:49 pm
The recent coronavirus vaccine race has been fraught with setbacks. Both Astra Zeneca and Johnson & Johnson recently halted their respective COVID-19 vaccine programs due to a participant’s unexplained reactions.There appears to be no such trouble right now for a...
All Eyes on Netflix and Snap Ahead of Earnings; Here’s What to Expect, , on October 19, 2020 at 10:27 pm
Third quarter earnings season kicks off, and Wall Street is tuning in. Anxiously awaiting the quarterly numbers, investors will get more clarity on the extent of COVID-19's impact on fundamentals.While the U.S. Presidential election and the next pandemic stimulus...
WeWork’s Adam Neumann Didn’t Get His Full $185 Million Fee From SoftBank, , on October 19, 2020 at 10:16 pm
(Bloomberg) -- WeWork and its primary backer, SoftBank Group Corp., paid Adam Neumann only a portion of the $185 million fee that was part of his controversial exit package as chief executive officer, a person familiar with the transaction said.The fee was tied to a...
Stock market news live updates: Stock futures open higher, recovering some losses after selloff, , on October 19, 2020 at 10:14 pm
Stock futures traded higher as the overnight session kicked off Monday, with investors hoping that lawmakers might succeed in coming to an agreement for more stimulus ahead of the November election., Stock futures traded higher as the overnight session kicked off...
GM plans investments to expand electric vehicle production, , on October 19, 2020 at 9:52 pm
General Motors Co is expected to announce on Tuesday significant investments to expand production of electric vehicles at a factory in Spring Hill, Tennessee and potentially other sites. GM said in a statement Monday that it planned to make a "major U.S. manufacturing...
IBM Revenue Beats Estimates, Buoyed by Growth in Cloud Sales, , on October 19, 2020 at 9:23 pm
(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.Earlier this month IBM...
Intel Can Leave Memory Games to Samsung, , on October 19, 2020 at 9:06 pm
(Bloomberg Opinion) -- Intel Corp. has stumbled lately. To right itself, the semiconductor giant needs to get back to basics and prioritize its main business. An exit from the memory industry would help that effort.On Monday, the Wall Street Journal reported that...
IBM reports third straight quarter of revenue declines, , on October 19, 2020 at 8:41 pm
On Monday, IBM reported third-quarter revenue and EPS that were in-line with Wall Street estimates, with $17.6 billion in revenue and $2.58 in EPS. Emily McCormick breaks down the company's results on The Final Round., On Monday, IBM reported third-quarter revenue and...
IBM revenue edges past estimates on cloud strength, , on October 19, 2020 at 8:24 pm
The results come just weeks after Big Blue surprised investors with its announcement of splitting itself into two public companies, placing big bets on cloud computing to drive its future growth. "We continue to see a very strong pattern in acceleration of our...
IBM Revenue Beats Estimates, Buoyed by Growth in Cloud Sales, , on October 19, 2020 at 8:13 pm
(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.Earlier this month IBM...
What the Street is expecting from Netflix’s third quarter , , on October 19, 2020 at 7:39 pm
Netflix is set to report its third quarter earnings report after hours on Tuesday. Consensus analysts are expecting strong third quarter earnings results, with its sales growing 22% over last year and 3.3 million in new paid streamers (per Bloomberg data). Yahoo...
These 3 Penny Stocks Have Massive Upside Potential, Says Cowen, , on October 19, 2020 at 7:30 pm
It’s a mixed bag when it comes to opinions on penny stocks. These tickers trading for less than $5 per share divide Wall Street like no other; market watchers either love them or hate them.It’s easy to understand the appeal. First and foremost, you get more bang for...
Here's What Visa's (NYSE:V) Strong Returns On Capital Means, , on October 19, 2020 at 7:19 pm
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a..., There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...,
Here’s What Visa’s (NYSE:V) Strong Returns On Capital Means, , on October 19, 2020 at 7:19 pm
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a..., There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...,
Stocks touch session lows amid stimulus uncertainty, , on October 19, 2020 at 7:10 pm
Yahoo Finance’s Akiko Fujita and Ryan Detrick, LPL Financial Chief Market Strategist, discuss market reaction as stimulus negotiations continue., Yahoo Finance’s Akiko Fujita and Ryan Detrick, LPL Financial Chief Market Strategist, discuss market reaction as stimulus...
Tesla exporting China-made Model 3 vehicles to Europe, , on October 19, 2020 at 7:04 pm
Yahoo Finance’s Emily McCormick joins Akiko Fujita to discuss Tesla announcing that will start exporting China-made Model 3 cars to Europe., Yahoo Finance’s Emily McCormick joins Akiko Fujita to discuss Tesla announcing that will start exporting China-made Model 3...
'Not just him': What Trump's antibody use says about the future of coronavirus treatments, , on October 19, 2020 at 6:40 pm
President Donald Trump’s recovery from COVID-19—and his aggressive advocacy of antibody cocktails as a “cure”—offer few reasons of encouragement for the general public given their relative scarcity, costs and mostly unproven nature, according to several experts who...
‘Not just him’: What Trump’s antibody use says about the future of coronavirus treatments, , on October 19, 2020 at 6:40 pm
President Donald Trump’s recovery from COVID-19—and his aggressive advocacy of antibody cocktails as a “cure”—offer few reasons of encouragement for the general public given their relative scarcity, costs and mostly unproven nature, according to several experts who...
Were Hedge Funds Right About Betting On Alibaba Group Holding Limited (BABA)?, , on October 19, 2020 at 6:16 pm
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 850 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge...
Fed chair Powell speaks on digital currencies at IMF, , on October 19, 2020 at 6:08 pm
Yahoo Finance’s Brian Cheung joins Zack Guzman to break down Fed Chair Powell’s speech at IMF's annual meeting., Yahoo Finance’s Brian Cheung joins Zack Guzman to break down Fed Chair Powell’s speech at IMF's annual meeting.,
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