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Apple and Tesla are doing stock splits. Here's what that actually means to investors Two of the most valuable and popular public companies – Apple and Tesla – completed stock splits on Monday. Wondering what that entails? And what, if anything, it means for your investments? Let's start with how the process of a corporate stock split works.
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Fed's Clarida says new inflation-fighting strategy has roots in failure of old approach A top Federal Reserve official on Monday said a groundbreaking shift in how the central bank sets U.S. interest rates stems from the persistent failure of longstanding models to accurately predict the path of inflation. Richard Clarida, vice chairman of the Fed, ...
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JC Penney hits 'stalemate' with potential buyers. Lenders to make bid for department store in bankruptcy JC Penney's top lenders, including H/2 Capital Partners, are now set to make a credit bid to own the retailer as a standalone company, attorney Joshua Sussberg of Kirkland & Ellis said Monday. Discussions with bidders that included some of Penney's top ...
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3 Takeaways From Gap's Q2 Earnings Gap's second-quarter earnings report is showing a recovery from recent lows. Here's what's driving its revenue pickup. Pearl Wang. (pearlw). Aug 31, 2020 at 2:23PM. Clothing retailer Gap (NYSE:GPS) reported second-quarter earnings late last week which ...
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Berkshire Hathaway Takes Stakes in Japanese Trading Houses TOKYO (AP) — Billionaire investor Warren Buffett's Berkshire Hathaway said Monday it has taken stakes of just over 5% in five major Japanese trading houses in what it says is a long-term investment. Share prices of the five huge companies surged between ...
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As Dow undergoes makeover, traders see one stock as best catch-up play to the rally The Dow looks a little different Monday. Earlier, the blue-chip index traded out Exxon Mobil, Pfizer and Raytheon Technologies and cycled in Salesforce, Amgen and Honeywell. Even with the changes, roughly two-thirds of the Dow remain in the red for 2020.
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Amazon wins FAA approval to deliver packages by drone NEW YORK — Getting an Amazon packaged delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday it had granted Amazon approval to deliver packages by drones. Support our journalism. Subscribe today.
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Non-Agency Loans are in Need of Forbearance Assistance Too A recent posting on the Urban Institute's (UI's) Urban Wire blog touched on six facts about the mortgage forbearance option mandated by the CARES Act for homeowners with federally backed mortgages. Some information came from weekly surveys by the ...
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Why MGM Resorts Fell as Much as 5% on Aug. 31 The casino operator's stock is giving back some gains as investors digest the positives and negatives of recent events. Reuben Gregg Brewer. (TMFReubenGBrewer). Aug 31, 2020 at 2:28PM. Author Bio. Reuben Gregg Brewer believes dividends are a ...
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2021 Dodge Charger Still Starts under $32K, New 797-HP Redeye Tops $80K Dodge has given the Charger SRT Hellcat its 797-hp Redeye treatment for the 2021 model year, and the new car starts at $80,090. In other words, that's more than two and a half times the starting price of the base Charger SXT. That much tamer and less ...
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Utilities Are Slowing Down the Clean Energy Transition A new study says most owners are standing pat in using fossil fuels even as the price of renewables declines. By. Akshat Rathi. and. Will Mathis. August 31, 2020, 8:00 AM PDT. 2:04. Utilities Are Slowing Down the Clean Energy Transition. A new study says ...
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CMS' requirement of a positive COVID-19 test for 20% bonus may be burdensome for hospitals While the effects of COVID-19 on the human body are still being studied, one thing that's clear is that many patients who survive coronavirus-related hospitalizations still have a substantial need for post-acute care services. But a problem arose: Hospitals that ...
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Ford Bronco And Mustang Mach-E Can Navigate To Open Street Parking Spots Ford is giving drivers a reason to put away their smartphones go native when it comes to navigation. The upcoming SYNC 4 infotainment system will be equipped with INRIX Parking that can provide drivers with routes to the closest street and garage spot, ...
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Nestle is paying $2.6 billion for a company that treats peanut allergies San Francisco (CNN Business) Nestlé is buying the maker of a peanut allergy drug for children for $2.6 billion as it deepens its focus into health care and nutrition. The world's largest food and beverage company plans to acquire Aimmune (AIMT), a Brisbane, ...
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RealPage acquires real estate IoT startup Stratis RealPage, a publicly traded full-service property management technology firm with over 12,200 clients worldwide, today announced that it has acquired Stratis IoT, a startup that provides IoT services to the real estate industry, with a focus on access and ...
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NYC gyms reopen Wednesday: What you need to know STATEN ISLAND, N.Y. -- Gyms in New York City, shuttered in March in the wake of the coronavirus (COVID-19) outbreak -- are allowed to reopen Wednesday, but with a number of new protocols in place. Earlier this month, Gov. Andrew Cuomo announced ...
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AMC Entertainment Wants to Reacquire Theaters It Was Forced to Divest When AMC Entertainment (NYSE: AMC) acquired Carmike Cinemas in 2016, the Justice Department required AMC to divest 24 theaters it owned, representing nearly 400 movie screens, to get approval. Since then, however, the company that was created to ...
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Fast-food restaurants can't find workers even amid historic unemployment Since service-sector jobs now mean a higher chance of infection, even higher pay isn't coaxing workers into the kitchen. By Nic Querolo and Leslie PattonBloomberg News (Tribune News Service). Email Writer. Share. facebook · tweet · reddit · linkedin · email.
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AT&T Aims To Restrict Web Companies' Protections For Users' Speech Telecom giant AT&T plans to push for changes to a federal law that protects companies like Google, Facebook and Twitter from liability for users' posts. "There is no longer any reason that the nation's most powerful online platforms should enjoy legal ...
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Ionis, changing its strategy, reels its spinoff back in Ionis Therapeutics plans on paying half a billion dollars to acquire Akcea Therapeutics, a company it spun out in 2017 to help develop and commercialize some of its medicines. The move, according to a Monday announcement, offers "strategic value" and ...
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Atlas Ocean Voyages Appoints Six Sales Directors FORT LAUDERDALE, Fla., Aug. 31, 2020 /PRNewswire/ -- Atlas Ocean Voyages today announced the appointment of six additional Sales Directors. Cathy Kusuma has been named Regional Sales Director, Eastern U.S.; Rolf Logan, Regional Sales Director ...
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Where To Be In The Emerging Markets Renaissance Emerging markets equities aren't awful this year, but with the MSCI Emerging Markets Index up just 1.52% year to date, the asset class isn't anything to write home about, unless investors know where to look. What Happened: When it comes to developing ...
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Encore Boston Harbor announces 385 layoffs as Everett casino continues to struggle amid coronavirus pandemic Encore Boston Harbor announced Monday that it will lay off nearly 400 employees as the casino continues to struggle amid the coronavirus pandemic. The layoffs, which are effective Tuesday, will include 385 employees, the casino said. Encore doesn't ...
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Chinese govt complicates TikTok sale ordered by US govt The Chinese government is complicating the U.S.-government-ordered sale of U.S. TikTok assets. China on Friday introduced export restrictions on artificial intelligence technology, seemingly including the type that TikTok uses to choose which videos to ...
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Orange County steps back from convention center expansion due to lack of financing All work on the Orange County Convention Center's $605 million expansion is being put on hold and one related contract is being terminated, according to a memo sent by Orange County Mayor Jerry Demings to the county's board of county commissioners ...
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Elon Musk is now richer than Mark Zuckerberg after Tesla stock split Elon Musk is the third-richest person in the world -- at least for the moment. Musk passed Facebook Inc. co-founder Mark Zuckerberg Monday as shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split. As of 11:25 a.m., Musk ...
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Shares of Snack Maker Utz Brands Jump 16% in NYSE Debut (Reuters) - Shares of Utz Brands Inc jumped 16% in their debut on the New York Stock Exchange on Monday after nearly 100 years as a family-owned company, riding on the rebound in investor appetite for new listings following the coronavirus outbreak.
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NeuroPace Raises $67M to Advance Neuromodulation Therapy NeuroPace has raised $67 million to support the commercial expansion of its technology for refractory focal epilepsy. The Mountain View, CA-based company said the financing includes $33 million of new equity capital and $34 million from convertible debt ...
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After Four Decades in Miami Beach, David's Cafe Is Closing Miami Beach has seen a lot of ups and downs. But though hurricanes and economic upticks and downturns, one thing was certain: David's Cafe, where you could get a cafecito at the ventanita, lunch at the counter, or even a fancy dinner at the restaurant's ...
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Steve Cohen enters exclusive talks to buy Mets Hedge fund titan Steven Cohen has entered exclusive talks to buy the Mets and is set to reach a deal for the Major League Baseball franchise within days, according to a person familiar with the process. Any deal also would require the approval of 23 of the 30 ...
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Veolia Offers $3.5 Billion for Suez Stake and Eyes Takeover Veolia Environnement SA offered 2.9 billion euros ($3.5 billion) for a 29.9% stake in French rival Suez SA, reviving an eight-year-old attempt to create a world leader in waste and water services. Veolia offered to acquire the stake from energy giant Engie SA ...
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Coca-Cola Reorganizing, Streamlining Operating Units ATLANTA — The Coca-Cola Co. is taking strategic steps to reorganize and better enable itself to pursue its "Beverages for Life" strategy. Atlanta-based Coca-Cola is building a networked global organization that is positioned to capture growth in a ...
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Mayflies a dark spot on GM's launch of big SUVs Bug stains marring the launch of General Motors' most profitable SUVs? Add mayfly mayhem to the list of auto industry problems in 2020. GM believes the insects, also known as fishflies, are responsible for stubborn black residue dotting more than 2,600 ...
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Tesla releases impressive video of production at Gigafactory Shanghai — a glimpse of 'Alien dreadnought' Tesla has released an impressive new time-lapse video of its production at Gigafactory Shanghai, giving us a glimpse of what Elon Musk has been referring to as Tesla's "Alien dreadnought." A few years ago, Elon Musk decided to have Tesla focus on ...
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Coronavirus: 2 travel-related cases reported by Middlesex-London Health Unit Two new cases of the novel coronavirus were reported by officials with the Middlesex-London Health Unit (MLHU) on Monday, bringing the total case count in the region to 730. Three new recoveries were reported, bringing the recovery count to 655.
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Caesarstone buys Indian porcelain co Lioli Israeli engineered quartz surface countertop company Caesarstone Ltd. (Nasdaq: CSTE) today announced that it has entered into a definitive agreement to acquire a majority stake in Lioli Ceramica Pvt. Ltd., an India-based producer of cutting-edge porcelain ...
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Turkey's economy suffers historic contraction in second quarter Turkey's economy suffered its deepest downturn on record at the peak of this year's coronavirus crisis, according to data that underlined the pain caused by lockdown measures on key sectors. Gross domestic product shrank 11 per cent in ...
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Indiana Ranks In Top 20 Of Hardest Working States While Indiana can be found in the top 20 of the hardest-working states, Kentucky and Ohio found themselves towards the bottom of WalletHub's list. (undated) - Even during a global pandemic, Americans have shown that they are ready to work. While fewer ...
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Hitachi will benchmark Workhorse operations and build dealer network Workhorse Group is looking to Hitachi to assess its manufacturing and supply chain operations to help speed up electric delivery truck production. The strategic agreements between Workhorse (NASDAQ: WKHS) and Hitachi America, Ltd. and Hitachi Capital ...
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Here's what a 24-year-old McDonald's burger looks like You might wonder who would want to keep a hamburger hanging around in their closet — but there is not just one person who has held onto their McDonald's orders instead of eating them. In fact, there have been at least two. Earlier in 2020, a man in Utah ...
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Global warming could cause Iowa to lose its status as the country's corn and soybean leader Right now, Iowa is the corn and soybean production leader in the country. But according to former ISU Extension Agricultural Economist Don Hofstrand, if global warming continues as it has – that could change. Audio Player.
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Mid-air drama as Ryanair flight intercepted by RAF jets over Solihull after 'security threat' The Midlands saw mid-air drama yesterday evening (Sunday, August 30), as a Ryanair flight was intercepted by RAF jets after reports of a "security threat". Typhoon jets were scrambled to meet the aircraft high in the sky, as it flew from Vienna, Austria, ...
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Nuclear generated electricity increases for seventh year running Two small reactors on the first purpose-built floating nuclear power plant, harbored at the town of Pevek in northeast Russia, started supplying electricity. Electricity generated from the world's nuclear reactors increased for the seventh consecutive year in 2019 ...
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Toyota Yaris Cross gets Gazoo Racing treatment Toyota's Gazoo Racing partner seems to have gone a bit nuts with the new Yaris Cross, developing a range of enhancements that make it look a customer racing rally car package. There's even red mud flaps. Gazoo Racing Toyota Yaris Cross accessories.
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Credit Suisse Plans to Double China Headcount Within Five Years (Bloomberg) -- Credit Suisse Group AG plans to double its headcount in China over five years as the firm accelerates its pursuit of the nation's wealthy, seeking to move past a scandal that's engulfed once-favored client and Luckin Coffee Inc. founder Lu ...
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Covid-19 has exacerbated gaps in 'underfunded' cancer services, says Irish Cancer Society Dedicated theatre time, additional capacity and staff, and urgent funding are needed to address gaps in cancer services that have been exacerbated by the Covid-19 pandemic, the Irish Cancer Society has warned. The cancer charity was commenting in the ...
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