- 2019-02-20 00:45:21Z
Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid-April in San Diego over Qualcomm's patent licensing practices. Qualcomm has sought to apply pressure to Apple with smaller legal challenges ahead of that trial and has won partial iPhone sales
Bausch Health Companies Inc. BHC) on Wednesday reported a fourth-quarter loss of $344 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Laval, Quebec-based company said it had a loss of 98 cents.
Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations after reporting strong fourth-quarter results on the back of higher demand for its smartwatches and navigation systems. Shares of the company, which has been bouncing back strongly in the past year after a smartphone-driven slide in demand for the car satnavs that made it famous, rose 4.2 percent to $73.97 in light trading before the bell. The bounce has been driven mainly by growing demand for smartwatches and other wearable fitness devices that track everything from heart rates and calories to a pet's movement.
Key InsightsThe company is trying to set low expectations after the Aetna deal's November closure. Chief Executive Officer Larry Merlo called 2019 a "year of transition" in a statement and said CVS would need to "address the impact of certain headwinds that are having a disproportionate impact in 2019
Objective DODGX is one of many Large Cap Value mutual funds to choose from. These funds invest in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. This strategy can often produce low P/E ratios and high dividend yields; growth levels; however, growth levels are oftentimes cut back.
Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he saw investment opportunities of more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. India rolled out the red carpet for the crown prince
The ultimate goal of the multistep initiative, code-named "Marzipan," is by 2021 to help developers build an app once and have it work on the iPhone, iPad and Mac computers, said people familiar with the effort. Each new app is another revenue opportunity for Apple because it takes a cut of many app-related
World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black. U.S. President Donald Trump said negotiations with China were going well and suggested
Freddie Lait, chief investment officer at Latitude Investment Management, said it was "possible" Apple or another tech company could buy Tesla.
Members of the bank's management board, including then Chief Executive Officer John Cryan, were leery of the public relations disaster they would face if they went after the assets of a sitting president, said the people, who asked for anonymity because the discussions were private. The bank ultimately decided against restructuring the loans to the Trump Organization, which come due in 2023 and 2024, and chose instead not to do any new business with Trump while he is president, one of the people said. A spokesman for Deutsche Bank declined to comment, and the people with knowledge of the discussions said they didn't know why the bank ultimately decided not to extend the loans.
The electric-car pioneer, who has a track record of snafus on Twitter, said he intended to say Tesla expects to be making cars at an annual rate of about 500,000 by the end of 2019, according to a tweet from the executive. Musk's earlier tweet that Tesla would make about 500,000 cars in 2019 was difficult
Investing.com - Henry Schein (NASDAQ:HSIC) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts. The firm reported earnings per share of $1.12 on revenue of $3.38B. Analysts polled by Investing.com anticipated EPS of $0.88 on revenue of $3.46B. That compared to EPS of $0.97 on revenue of $3.32B in the same period a year earlier. The company had reported EPS of $1.03 on revenue of $3.28B in the previous quarter.
Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war. MSCI's broadest index of Asia-Pacific shares outside Japan rose nearly 1.0 percent to reach its highest levels since Oct. 2. The gains in Asia topped those in Tuesday's Wall Street session, where the S&P 500 gained 0.15 percent, helped by upbeat results from Walmart.
Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3, news website Electrek said on Tuesday, citing an email sent to employees. The email stated that employees will be able to lease a Model 3 within the next two weeks, Electrek reported citing sources familiar with the matter. Tesla confirmed to Electrek that they are preparing Model 3 leasing program, but the dates in the email are not final.
In addition, the U.S. Transportation Department said it was exploring legal options to recoup $2.5 billion in federal funds already granted to the project by the Federal Railroad Administration, according to a DOT statement. Initially conceived as connecting San Francisco and Los Angeles with a high-speed
The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 5 cents per share. The results beat Wall Street expectations. The ...
Gold prices broke out and surged higher as the dollar eased against most major currencies. US data over the last week was weaker than expected, which likely reduced GDP during the Q1 of 2019. The decline in retail sales and Industrial product could have been a function of the US government shutdown, but economists will not be able to determine this until they see February numbers in early March. In the meantime, rates have been facing headwinds despite Fed President Loretta Mester's prediction that rates will rise during the balance of 2019.
Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday and revenue that missed Wall Street estimates, sending the company's shares down 9 percent in after-market trading. For the first quarter, the company expects net revenue between $162 million and $172 million, below analysts' estimates of $181.2 million, according to IBES data from Refinitiv. LendingClub also forecast a first-quarter net loss between $20 million and $15 million, compared to Wall Street estimates of a loss of $5.14 million.
Oil and gas producer Devon Energy Corp reported a better-than-expected quarterly production on Tuesday, aided by more output from its U.S. shale assets, sending its shares up 6 percent after the bell. The Oklahoma-based company also said its board had authorized the sale of its assets in Canada and in the gas-rich Barnett shale patch in the United States, to become a pure-play oil producer. Devon said its production in the Delaware basin rose 49 percent in the quarter ended Dec. 31 to 84,000 barrels of oil equivalent per day (boe/d), from a year earlier.
Herbalife Nutrition Ltd (NYSE: HLF) shares were up 2 percent after hours Tuesday following a fourth-quarter earnings beat. Q4 adjusted earnings came in at 63 cents per share, beating estimates by 2 cents. Sales came in at $1.2 billion, beating estimates by $10 million.
Wald says a former level of resistance at around $12.50 should offer its stock a base. It would need to drop 5 percent from Tuesday's close to reach that level. As long as it can stay above that line, Wald sees further gains.
The rally in stocks and the slide in bond yields are both a response to a Fed that has changed its tune and adopted very easy policies on interest rates and its balance sheet. When it comes to driving markets, the Fed is now holding the reins again since yields have slid and stocks have rallied about 5 percent since its January meeting. Investors are watching for an explanation for the Fed's about face and also more detail on when it might stop the program to shrink its balance sheet.
In fact, when it comes to managing your portfolio, a streamlined approach with few funds and fewer accounts can help you make the most out of your money - and could even boost your returns, according Morningstar Director of Personal Finance Christine Benz. Benz, who last month published a report on fighting what she calls "portfolio sprawl," says de-cluttering your investments can be one of the easiest ways to improve your finances. Sprawl is a problem because it makes it hard to keep tabs on what's in your portfolio, not to mention your asset allocation across different accounts, she says.
Gasoline shortages are popping up outside of Caracas after last month's sanctions created a de facto ban on Venezuelan fuel purchases from the U.S. Lines are forming in states west of the capital, such as Portuguesa and Barinas, where drivers now traverse vast stretches on the road without passing by an open service station and are forced to park behind hour-long lines to refuel their tanks. Afraid that shortages are here to stay, drivers are also filling up plastic drums with fuel to store at home. While Venezuela is still receiving imports from Spain and the Caribbean, odds are the fuel won't be enough to meet local demand.
Every investor has a different threshold for how much cash to keep on hand in a brokerage or retirement account. Retaining enough of this asset in an investment portfolio is important, since many major brokerages require up to three days for money to settle into a trading account from a bank. When you take a profit and sell a stock, the Securities and Exchange Commission dictates that funds take two business days to settle into an account before the proceeds can be used to buy other stocks.
Cybersecurity expert David Kennedy on the mounting spying concerns over Huawei.
Only 12 percent of U.S. companies that install solar panels and residential batteries carry the Powerwall, a study Tuesday from Boston-based EnergySage and the North American Board of Certified Energy Practitioners found. "Installers have indicated their frustration that the most popular battery is
U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co's (ADNOC) pipeline network, the Financial Times reported on Tuesday. The deal could be signed as early as next week, the newspaper reported, citing people briefed on the matter. https://on.ft.com/2DTALJS) State-owned ADNOC was looking to sell a stake in its multibillion-dollar pipeline infrastructure assets, Reuters had reported http://bit.ly/2GySytx in October.
Forbes Publisher Rich Karlgaard and FBN's Lauren Simonetti on Sen. Elizabeth Warren's, (D-Mass.), push for a universal child-care program.
"There'd be a trade-off between announcing early and tapering off," Mester told reporters following a speech in Newark, Delaware, on Tuesday. Mester said she preferred the Fed revert to a balance sheet made up primarily of Treasuries, adding that "I would skew it towards short-term Treasuries," though
Noble Energy Inc on Tuesday outlined a plan to return over $500 million to shareholders by 2020 and lowered its 2019 capital expense forecast in response to a drop in crude oil prices, sending its shares up 5 percent. The U.S. oil and gas producer's announcement comes when a near-40 percent fall in U.S. crude prices in the fourth-quarter has pressured margins at oil and gas producers with investors calling for lower expenses and higher returns. Noble cut its 2019 spending target, joining a list of peers that includes Apache Corp and Pioneer Natural Resources.
More Than Half The Country Will Be Affected by This Week's Winter Storm
An analyst upgrade has sent the stock higher.
The moment I started seriously worrying about credit card and debit card skimmers wasn't when my entire bank account was transferred to Turkey, or when I had to replace a credit card three times in two months because of fraudulent charges. It was when I learned that stealing a credit card number
If you're looking to upgrade your old HD TV or are ready to pick up your very first 4K TV, we found some deals for you.We rounded up the best deals on 4K smart TVs from the top manufacturers, including Samsung, LG, VIZIO, Sony, and more. It doesn't matter if you live in an apartment in the city
A stronger dollar has certainly tamped down demand for international and emerging markets in 2018, but a more dovish-sounding Federal Reserve could awaken these opportunities abroad, particularly in currencies. One little known currency to watch is the Polish zloty. A low interest-rate environment has kept the zloty down, among other things, but analysts like PKO BP analyst Joanna Bachert don't think this will last.
Financial Stocks With Accelerating Growth But it will take time for GRPN stock to reach $5 again, and its potential return isn't all that attractive at this point. Overall, that means investors should wait for the stock to fall further before buying GRPN stock on weakness. Groupon Has Staying Power There are plenty of bears out there who think that Groupon's time has come and gone, and that the commerce world of tomorrow has no need for an online-discounts platform.
A CNN national political reporter provided a glimpse of the cozy relationship between some members of the press and political elite Senator Kamala Harris (D-CA) in a Twitter video that has gone viral. We kind of forced @kamalaharris to try on this awesome oversized rainbow sequin jacket … She snapped
It's not Walmart, Sam's Club, or even Trader Joe's, either.
"The Punisher" and "Jessica Jones" get cancelled as two media partners get ready to become adversaries.
President Donald Trump is criticizing California's lead role in a multistate lawsuit challenging his emergency declaration to pay for a U.S.-Mexico border wall. On Twitter Tuesday, Trump noted last week's ...
PALM BEACH, Fla., Feb. 19, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Canna Broadcast Media/LoudMouth News (CBMJ) (https://cannabroadcastmedia.com/) a premier cannabis broadcasting company announced that LoudMouth News, the first, longest running, and only syndicated terrestrial (over the air) radio
CompareCards.com says credit and debit card skimming is a growing threat to consumers at the gas pump. Skimming is type of fraud where criminals steal data through bogus card readers they attach to payment terminals at gas stations. Once you use your debit or credit card at the fake card reader, criminals can steal your personal information or use it to make purchases online.
In today's cashless culture, nearly all of our purchases (including those new ankle-boot beauties ) are paid for via credit card. But with all the identity theft...
Net revenues increased 49.6% from the year-ago quarter to $118.8 million, beating the consensus mark of $117 million. For the fourth quarter, Trade Desk expects revenues of $147 million. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 79 cents, up 46.3% year over year.
Anonymous Johnny C. Taylor, Jr.: I can understand your surprise at finding a surveillance camera in your office breakroom, but employers are generally permitted to monitor most areas of the workplace. It is not uncommon for employers to use video surveillance to minimize theft, alcohol and drug use, and attendance problems and to also identify unsafe working conditions and provide data security. Video monitoring - more common in larger companies and industries such as banking, real estate and insurance - also can provide evidence of any crime that might occur at the worksite.
For many, retirement is a time to pinch pennies on everyday expenses. It might help explain why retirees are so fond of Costco. Research shows that older shoppers tend to prefer the discount warehouse club over popular retailers such as Walmart and Target. Further, baby boomers -- there are about 74
One such company that might be well-positioned for future earnings growth is Mellanox Technologies, Ltd. MLNX. This firm, which is in the Electronics - Semiconductors industry, saw a significant EPS growth last year, and is looking great for this year too. In fact, the current growth estimate for this year calls for earnings-per-share growth of 24.1%.
Stifel downgrades the stock to sell and writes that the company's recent promotions suggest the embattled pizza maker is struggling to entice customers amid low price offerings at competing chains. For the restaurant chain to boost sales, it will need to commit to subsidizing franchisees, a direct threat to earnings, Stifel says. Stifel reduces its 2019 earnings per share estimate to 80 cents from $1.20 and cuts its price target to $35.
Per Reuters, Citigroup C is seeking to bolster revenues in Brazil by lending advice on public asset sales and through a revival in capital markets. The article reported that Citigroup's chief executive officer in Brazil, Marcelo Marangon, expects revenues to grow to $1.5 billion in the next few years. Furthermore, Citigroup is seeking to strengthen its commercial banking division by doubling assets in the unit by 2020.