Thursday, April 29, 2021

Google Alert - finance

Google
finance
As-it-happens update April 29, 2021
NEWS
Washington Post
After a year of battling the coronavirus on the front lines, health-care workers Charmaine Lamsin and Dennis Bowman were overdue for a vacation when they spotted a cheap flight to Las Vegas in March. For just $33 per person, the husband and wife could fly ...
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Forbes
Today's column addresses questions about when delayed retirement credits are applied to retirement benefits, whether suvivor's benefits from a foreign country will affect Social Security benefits and becoming eligible for Social Security benefits. Larry Kotlikoff ...
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MarketWatch
Yet markets and financial services do evolve, and today's Wrap is a microcosm of everything that's made the ETF the financial product of the 21st century. We talked to Todd Rosenbluth of CFRA about tax efficiency, and to Sal Gilbertie about putting corn and ...
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TechCrunch
Cybersecurity nightmares like the SolarWinds hack highlight how malicious hackers continue to exploit vulnerabilities in software and apps to do their dirty work. Today a startup that's built a platform to help organizations protect themselves from this by ...
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Reuters
WASHINGTON (Reuters) - U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance this year in nearly four decades.
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The New York Times
As it takes the risk of transforming itself from a TV giant into a streaming start-up, the cable operator beat investors' estimates in its first-quarter results.
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Nasdaq
... * Gazprom's 2020 profit down 89% to $1.8 bln. * Company expects exports, profit to rise in 2021. * It sees not gas glut in 2021 in Europe, unlike in 2020 (Recasts with Gazprom's management comments). MOSCOW, April 29 (Reuters) - Russia's Gazprom on ...
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Washington Post
The Food and Drug Administration has attempted several times to get rid of menthol but faced pushback from Big Tobacco, members of Congress and competing political interests in both the Obama and Trump administrations. Any menthol ban will ...
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Bloomberg
A year after Warren Buffett revealed he was unloading airline stocks as the pandemic took hold, Berkshire Hathaway Inc. shareholders are eager for his sense of what's next for the conglomerate with more Americans emerging from lockdown. On Saturday ...
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Bloomberg
Copper topped $10,000 a metric ton for the first time since 2011, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up. Prices rose as much as 1.3% to $10,008 a ton on the London Metal Exchange, ...
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Bankrate.com
15-year fixed mortgage moves upward,+0.02%. The average rate you'll pay for a 15-year fixed mortgage is 2.40 percent, up 2 basis points over the last seven days. Monthly payments on a 15-year fixed mortgage at that rate will cost $662 per $100k borrowed.
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CNBC
Royal Caribbean CEO Richard Fain told CNBC on Thursday the CDC's new Covid policies for cruise operators offer "achievable, practical and safe." The cruise industry has been pressuring the CDC for months to get more clarity on when its Covid halt will be ...
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FiercePharma
With Merck's sales dragging from the pandemic and the company becoming increasingly reliant on immuno-oncology superstar Keytruda, the pharma giant's executive team unveiled a willingness to flex its M&A muscle. "We are open to any opportunity to add ...
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Washington Post
AWS for Media & Entertainment is an initiative featuring new and existing services and solutions from AWS and AWS Partners, built specifically for content creators, rights holders, producers, broadcasters, and distributors. AWS adds the ...
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PRNewswire
Under the solar industry proposal, residential customers with distributed energy would pay a minimum monthly bill of about $13.50. Dominion Energy's proposal would have averaged about $50 per month, according to the estimates of solar advocacy groups.
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Forbes
Wall Street seems to have gone cold on gold exchange-traded funds. ETF investors investors dumped the most volume of gold since 2013 over the six months through March 31. It was no small quantity. The total sold amounted to a whopping 307.8 metric ...
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NPR
Supply chain disruptions are taking a bite of out Apple, and it may make it harder to get your hands on that shiny new tablet or laptop. Apple warns that it can't make enough iPads and Macs to keep up with demand, thanks to the global shortage in ...
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Forbes
Is it time to book profits in MGM stock? Comparing the $9 billion gain in MGM's market capitalization with a $6 billion rise in Penn National since August 2020 (investor optimism lifted sports betting stocks in Q3 2020), Trefis believes that MGM stock has reached ...
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Barron's
Mastercard delivered a mixed back of numbers Thursday, much like rival Visa did a day earlier, but their stocks appear to be heading down diverging paths. Mastercard (ticker: MA) reported first-quarter results that came in ahead of Wall Street's estimates.
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Chicago Tribune
An employee at a Naperville warehouse brought in restaurant tacos for an office lunch on a Friday in late October. Less than three weeks later, 23 workers had COVID-19 and one had died. This week, Midwest Warehouse and Distribution System was cited for ...
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Toronto Star
Molson Coors Beverage Company TAP has reported first-quarter 2021 results, wherein earnings and sales beat the Zacks Consensus Estimate. However, the top and bottom lines declined year over year. The decline can be attributed to the impacts of the ...
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WFMZ Allentown
Global retail sales increased 16.7% in the first quarter, or 14.0% excluding foreign currency impact. U.S. same store sales grew 13.4% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. stores business ...
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Entrepreneur
Facebook Inc (NASDAQ:FB) stock jumped 7% out of the gate this morning following an exceptionally strong first-quarter earnings report. The social networking giant reported $3.30 per share in earnings on $26.17 billion in revenue, while analysts had been ...
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CNET
Now, the wrapper is fully off and we can get a closer look at this reborn icon. This 11th-generation Civic promises to be safer and more comfortable than its predecessor, plus it offers new features, a much-improved cabin and even slightly better fuel economy. In ...
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Orlando Sentinel
"Obviously during a pandemic when you've closed, it's not a good business. It's going to be choppy getting open again," said NBCUniversal CEO Jeff Shell, who runs Universal theme parks within his division. "But it's hard not to get excited about our parks ...
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BBC News
BT has confirmed it is in talks with several companies about the future of its sports broadcasting arm. The group says it is exploring "ways to generate investment, strengthen our sports business" to "help take it to the next stage in its growth". BT said early talks ...
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Motley Fool
Bristol Myers Squibb announced its first-quarter results before the market opened on Thursday. This time the news wasn't as good as investors would have preferred, with the big pharma stock slipping more than 3% in early trading. Here are the highlights from ...
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The New York Times
That was driven by a big jump of 13.6 percent in the United States, McDonald's reported. Revenues for the quarter rose to $5.12 billion, topping the $4.7 billion brought in a year ago as well as the $4.9 billion in the first quarter of 2019, before the pandemic struck ...
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Reuters
Electricity providers around the United States are increasingly turning their focus to renewable energy as investors and customers clamor for cleaner power generation. A sale would help funding CenterPoint's turnaround strategy outlined last December, when ...
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Barron's
Endeavor Group Holdings, led by Hollywood entrepreneur Ari Emanuel, opened sharply higher in its public market debut. Shares of Endeavor (ticker: EDR) began trading on Thursday on the New York Stock Exchange at $28.47, up 27.5% from its offering ...
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Motley Fool
On Thursday before the market opened, Northrop reported adjusted first-quarter earnings of $6.57 per share on revenue of $9.2 billion, outpacing consensus expectations for $5.48 per share in earnings on $8.5 billion in sales. The ...
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CNET
Ford, for example, thinks it will build half as many cars as it first expected in the second quarter of this year. Underscoring how much impact this may have on the company, Ford originally said it only planned to lose 17% of its planned production due to the ...
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Motley Fool
ADVM-022 is an experimental gene therapy for the treatment of diabetic macular edema (DME). After the close of yesterday's trading session, Adverum Biotechnologies announced a suspected adverse reaction in a phase 2 clinical trial evaluating ADVM-022 in ...
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Forbes
Today, blockchain infrastructure company Paxos closed a $300 million Series D round of funding, one of the largest ever among cryptocurrency and blockchain startups. Led by Oak HC/FT, with participation from previous investors PayPal Ventures, ...
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MarketWatch
Ultra-low mortgage rates should keep home-buying demand strong, but inventory will remain a challenge. Pending home sales have improved from two months of declines, but buyers won't have an easy time finding their dream home. Joe Raedle/Getty ...
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Reuters
Apple Pay is only available on iPhones and is the only tool able to use the NFC contactless technology on these smartphones, for instance. The biggest tech firms also have such financial firepower, the watchdog says ...
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Motley Fool
For years, Tesla (NASDAQ:TSLA) skeptics and bears have warned that competition is coming, at which point the electric-vehicle (EV) leader would get crushed by legacy automakers with deeper pockets and more established manufacturing operations.
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MarketWatch
Two European oil companies, Royal Dutch Shell and Total, reported sharp profit increases in the first quarter, as oil prices rose and energy consumption resumed after last year's collapse in demand. But they remain prudent about the strength of the rebound, ...
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TechCrunch
More good news from a smartphone market currently rebounding from the far reaching impacts of the pandemic. New numbers from Canalys put global shipments for Q1 2021 at 27% above where they were the same time last year. The industry was hit early ...
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Motley Fool
For 2020, Bloomin' Brands reported a 23% year-over-year decline in total revenues and registered a net loss of nearly $159 million. The company was at a disadvantage from coronavirus lockdowns and dine-in capacity limitations because it's primarily a dine-in ...
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The New York Times
Although weekly jobless claims remain above levels reached before the pandemic, vaccinations and warmer weather are offering new hope. Most economists expect the slow downward trend in claims to continue in the coming months as the economy reopens ...
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Motley Fool
And net income was even better, sporting a year-over-year increase of 45%. During the quarter, the company also generated $855 million in free cash flow (FCF), which was available for buying back shares and paying its quarterly dividend. For a company as ...
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ZDNet
GE Research will use Verizon's 5G Ultra Wideband network to test applications such as remote patient monitoring, controls and predictive maintenance and connected devices in transportation and healthcare. The partnership will initially focus on health care, ...
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Motley Fool
Many people have the goal of retiring with plenty of wealth -- enough to sustain them throughout their senior years and allow them to fulfill their lifelong objectives. But if you're not careful, you could end up thwarting your plans to kick off retirement as a ...
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Barron's
Kraft Heinz stock was heading higher on Thursday after the packaged food maker delivered a better-than-expected first quarter. Shares of Kraft (ticker: KHC) were up 2.6% to $41.16 in midday trading. The stock has gained 18.7% year to date and 35.7% in the ...
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Milwaukee Journal Sentinel
Bacchus: Three courses in the dining room at brunch (such as smoked salmon, eggs Benedict and brioche bread pudding) or dinner (such as carpaccio, beef short rib and German chocolate cake). Brunch ($58 a person) is 10:30 a.m. to 3 p.m. Dinner ($65) is 4 ...
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ZDNet
IBM said it will acquire Turbonomic, a company focused on application resource and network performance management, in the company's 11th hybrid cloud and AI acquisition since CEO Arvind Krishna took over. Turbonomic move comes after IBM's recent ...
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Reuters
STOCKHOLM (Reuters) -Nokia's new strategy showed early signs of bearing fruit on Thursday, with higher first-quarter sales of network and 5G equipment sending its shares soaring as much as 16%. FILE PHOTO: A view of the logo at the headquarters of the ...
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Barron's
Citrix Systems shares are trading sharply lower Thursday after the virtualization-software company reported disappointing first-quarter results and full-year guidance, as it works through a business model transition toward the cloud and away from on-premise ...
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Albany Times Union
NEW YORK (AP) — Two trade groups representing businesses in North Dakota filed a lawsuit Thursday against the Federal Reserve, asking the agency to lower its 10-year-old cap on "swipe" fee banks charge to process debit card transactions. The lawsuit ...
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