Month: January 2020

American multinational sport clothing brand Nike store seen in Hong Kong. Budrul Chukrut | SOPA Images | Getty Images The deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers. Wall Street analysts
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U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why
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The logo of German direct bank N26 displayed on a smartphone. Felix Zahn | Photothek via Getty Images German mobile bank N26 has attracted 250,000 users in the United States, where it claims new customers are shifting funds from established giants like Chase Bank and Citibank. The financial technology company, which is backed by controversial
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Franco-Italian chipmaker STMicroelectronics’ fourth-quarter results beat analysts’ estimates on Thursday as demand for chips dedicated to the next generation of smartphones and low-emission cars helped offset a slowdown in more traditional products. STMicro’s results reflect a wider industry move towards more sophisticated semiconductors within the telecoms, auto, and manufacturing sectors, as equipment makers gear up
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A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Texas Instruments forecast first-quarter revenue above market expectations on Wednesday on signs of stable demand for microchips, indicating that a prolonged slowdown in the semiconductor
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Lizzo performs onstage at Spotify Hosts “Best New Artist” Party at The Lot Studios on January 23, 2020 in Los Angeles, California. Rachel Murray The 62nd annual Grammy Awards kick off Sunday night with lineup of the music industry’s top artists set to perform and take home tiny gold gramophone trophies. Lizzo, the pop and
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The Seattle Space needle. Courtesy: Space Needle LLC Seattle is well-known for its caffeine-fueled culture and for being the birthplace of Jimi Hendrix, grunge music and a company that invented same-day delivery of just about anything bought online. Now, its allure is increasingly getting discovered by business travelers. Starbucks, Amazon, Costco Wholesale, and Microsoft are among the
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Procter & Gamble on Thursday reported mixed quarterly results. Shares of the company fell 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.42, adjusted, vs. $1.37 expected Revenue: $18.24 billion vs. $18.37 billion expected Excluding items, the
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Shannon Stapleton | Reuters Peloton Wedbush recently initiated coverage of the exercise equipment maker with an outperform rating and believes the sky’s the limit for the company. The firm called Peloton’s business an “enduring force” and is bullish on the company’s ability to hold and retain customers in its subscription business. “Today, this business is
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An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up more than 27%
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Mike Rasnic sits on the front porch of his home which is surrounded by floodwater on March 22, 2019 in Craig, Missouri. Scott Olson | Getty Images The risks of climate change are already impacting investors, with increasingly frequent climate disasters like wildfires, drought, flooding and heatwaves threatening business operations and properties across the world.
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Richard Sharrocks A case before the Supreme Court has the power dramatically reshape how the U.S. government polices financial fraud and other misdeeds against consumers — which many experts fear would weaken existing protections and expose the public to more harm. The case, which concerns the Consumer Financial Protection Bureau, could ultimately lead to the
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