Universal healthcare could be the unintended consequences of the current health care mess in the Senate. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Nicole Sinclair explain why Senate’s indecision could have an unexpected result.Read More »
Jeff Bezos is now the richest person in the world. And he’s got a massive empire to go with that title. His empire encompasses not just e-commerce, but also news organizations, robotics companies and coupon sites. Oh, and ever heard of Google, Airbnb or Uber? Bezos is an investor in those companies, too. On Thursday, Bezos’s net worth hit $90.7 billion, propelling him past Bill Gates to become the richest person in the world, according to the billionaire rankings done by Forbes and Bloomberg. On his way to that title, Bezos has made a number of investments and acquisitions. Here is a snapshot of his empire, as compiled by Visual Capitalist: Bezos has made the acquisitions through a variety of
Yesterday, Boeing (BA) posted its biggest gain since October 2008, pushing it to a new all-time high. Boeing's shares were upgraded by RBC, Credit Suisse, BofA Merrill Lynch, and Goldman Sachs. This was based on our analysis of Boeing historical results that showed it generates its best margins when revenue is weighted towards planes that have been in production for many years, and margins have typically come under pressure when it introduces new models, as we expected with the 737 MAX and, eventually, 777X. While nearly all of the ramp on the MAX is yet to come, Boeing’s smooth transition to the MAX so far shows that this is nothing like the prior derivative programs (737 Classic to 737NG and 747-400 to 747-8) that drove significant operating issues for Boeing in the past.
Updated from July 26 with additional information. The strong second-quarter results from AT&T Inc. (T) present something of a paradox. While unlimited plans have ratcheted up competition, AT&T reported record wireless services margins and low customer defections. "I don't think it's an industry-wide phenomenon," said Amy Yong of Macquarie Capital (USA) Inc. "It's pretty much a company-specific dynamic." Shares of AT&T gained about 5% Wednesday after the telecom's second quarter report to close at $38.08. The stock gained another 3% Thursday to $39.28. T-Mobile USA Inc. (TMUS) , which has led the charge towards unlimited data, improved Ebitda margins from 37% to 40% in the second quarter, which