U.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted. "If that comes, then a withdrawal definitely cannot be ruled out," Uber Austria chief Martin Essl told ORF radio. Currently, different rules apply to taxis and rental cars in Austria.
For the first time in a long time, Lars Windhorst had good news last month. After several difficult years, which saw the enigmatic and flamboyant German financier facing at least seven lawsuits mostly over complicated financing agreements, Lars Windhorst announced he was back with a full corporate rebrand and a new advisory board that includes fund management heavyweights Martin Gilbert and Avenue Capital's Marc Lasry. Hailed as a “wunderkind” in his teens by German chancellor Helmut Kohl, Mr Windhorst might now be better referred to as a “Stehaufmaennchen” for this uncanny ability to bounce back from even the most precarious financial and legal situations.
Shares of Axalta rose nearly 16% in premarket trading, gaining $4.08 to $29.90 on the New York Stock Exchange after the Philadelphia-based company said it had formed a committee to explore various options to boost value for its shareholders. "Axalta's board is committed to maximizing value for all shareholders and has initiated a comprehensive review of strategic alternatives, including a potential sale of the company, changes in capital allocation, and ongoing execution of our strategic plan," Axalta board director Mark Garrett said in a statement.
Today was a strong day for chip stocks as Advanced Micro Devices reclaims its buy point.
Federal Reserve Chairman Jerome Powell better deliver Mr. Market his 100-pound slab of beef on Wednesday, or else. That beef should be of the high-end wagyu variety — a mixture of a strongly dovish press release on Fed decision day (aka removal of the word “patient”) followed by an equally dovish press conference with reporters. After all, it's clearly what a market seemingly back to going up each day is craving right now.
In the daily bar chart of IFF, below, we can see a choppy sideways trading range from last June to the end of May. This month prices rallied sharply and made a new high for the move up -- breaking out of the $122 to $150 trading range. Prices moved above and below the 50-day and 200-day moving average lines for several months but in June prices finally soared above the rising 50-day moving average lines as well as the slower-to-react 200-day line.
The U.S. Justice Department has reached a settlement with E.W. Scripps Co. regarding an antitrust lawsuit that claims advertisers were hurt when the media firm's stations exchanged competitively sensitive information. Cincinnati-based Scripps (Nasdaq: SSP), which owns or operates 60 television stations across 42 markets and had more than $917 million in revenues in 2018, allegedly engaged in unlawful information sharing among its owned broadcast TV stations. “Scripps disagrees with the DOJ's allegations,” spokeswoman Carolyn Pione Micheli said.
Boeing received a letter of intent for 200 737 Max jets at the Paris Air Show, despite the continued worldwide grounding, while Airbus announced more orders for its new A321XLR jet. Boeing, Airbus Orders The 200-plane letter of intent from the International Airlines Group, which is the parent of Aer Lingus, British Airways, Iberia, Vueling and LEVEL, is worth $24 billion at list prices. "We have every confidence in Boeing and expect that the aircraft will make a successful return to service in the coming months having received approval from the regulators," IAG CEO Willie Walsh said.
shares traded sharply higher Tuesday following a pair of analyst upgrades for the instant messaging app maker as it wins back faith from Wall Street amid improving revenues and longer user engagement. Aegis Capital boosted its price target on Snap by more than 50% to $17 a share, and upgraded its rating to "buy" from "hold", as it "walks back" a previous view that the group should seek a buyer for the business. Aegis analyst Victor Anthony increased his 2020/2021 revenue estimate by 5% and 10% respectively, citing improved results from the Android rebuild of the Snapchat app and a better advertising platform.
The Dow Jones Industrial Average has gained nearly 12% so far in 2019. It doesn't seem like a whole heck of a lot, but considering the topsy-turvey markets of 2019, it's a pretty strong lift. That gain was driven by the majority of the Dow 30 as most of the stocks in the DJIA index contributed to its postive year-to-date gain.
The first $120,000 came with a bachelor's degree from my state school. Without income driven repayment, the minimum payment amount for my federal student debt would be around $1,000. One in four American adults has student debt.
By using TipRanks market data, you can see both analysts' consensus estimates and the upside potential from the current share price to the average analyst price target. Oil and gas giant Concho Resources (NYSE:CXO) deserves a hefty dose of support. Concho's operations are centered on the Permian Basin — one of the most prolific oil and gas regions in the U.S. Its core operating areas include the Delaware Basin and the Midland Basin and span nearly one million gross acres.
Starting in 2018, U.S. President Donald Trump has been touting the restorative value of the tariffs his administration imposed on imports that March. The decision comes amid falling steel prices in the U.S. due to worries of a glut from new capacity planned for the coming years. Major U.S. producers that had announced expansions or restarts include Nucor Corp., Steel Dynamics Inc., Commercial Metals Co., as well as U.S. Steel.
Shares of iconic reclining armchair maker La-Z-Boy slipped on Wednesday, falling nearly 8% in premarket trading, after the company reported fiscal fourth-quarter earnings that met analysts' forecasts but sales that came up short due to the impact of trade-war-related tariffs. The maker of reclining chairs and other furniture posted fiscal fourth-quarter adjusted net income of $30.2 million, or 64 cents an adjusted share, vs. $34.4 million, or 72 cents an adjusted share, in the comparable year-earlier quarter. Sales for the quarter were $453.8 million.
Sen. Thom Tillis, a North Carolina Republican, comments on the outlook for Federal Reserve monetary policy during an interview with Bloomberg's David Westin on "Balance of Power."
Brazilian President Jair Bolsonaro on Monday signed a bill into law allowing foreign airlines to operate domestic flights in Latin America's largest air market, a move that could usher in new competition or lead foreign carriers to buy up the local players. The bill had started as an executive order issued by former President Michel Temer in the last days of his tenure in late 2018. Brazil's Congress made the measure permanent last month, but included some changes that required a presidential signature.
A GE spokesperson tells Yahoo Finance the company's aviation division has booked a solid $50 billion in orders for its engines over two days at the big Paris Air Show this week. GE said it booked $31 billion in orders at the 2017 Paris Air Show. GE confirmed its GE Capital Aviation Services (GECAS) landed a deal with Amazon (AMZN) to lease 15 737-800 Boeing cargo aircrafts as the online retail beast pushes more into controlling its own supply chain.
Value stocks are so out of fashion at the moment that despite being cheaper than they've been in the past 30 years, some experts suggest they're still not the stocks to buy. “We could've had this story 10 years ago and talked about the 20-year anniversary of it being a bad market for value,” Dave Nadig, managing director of ETF.com, said recently on CNBC. Another expert who appeared on the same CNBC show as Nadig suggested that you should only buy value stocks heading into a recession or in the first year coming out of one.
The 2018 midterm elections made clear that Americans preferred legalization over the continued prohibition of pot, which should bolster the case for the top marijuana penny stocks. When residents in California voted for full recreational weed, it boded well not just for marijuana penny stocks, but for electoral momentum in other states and the midterms emphatically proved this point. In conservative Utah and Missouri, voters approved medical cannabis.
Ford Motor (NYSE: F) stock has had a good run so far in 2019, closing on Friday at $9.98 and up 30% in 2019. Yet Ford stock price today could be so much higher. The ongoing trade conflict between the U.S. and China is heightening uncertainties for the automotive market.
Chip stocks have been on a volatile ride over the past year as investors have struggled to grapple with where exactly the semiconductor industry goes next. As the global economy stabilized and recession fears disappeared, so did concerns regarding a slowdown in the semiconductor space. The SOXX ETF rallied back to all-time highs by late April 2019.
Roughly one-quarter of the S&P 500's (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB). That's the assessment from Nick Colas, co-founder of DataTrek Research, who ran the numbers: Microsoft: 1.3 points Apple: 0.8 points Amazon: 0.8 points Alphabet: 0.1 points Facebook: 0.8 points That results in a grand total of 3.8 points of the S&P 500's 15.3% gain year-to-date. Without these five stocks, the S&P 500 would be up 11.5%.
Shares of Alibaba are trading higher by 1.2% to $160 in midday trading Monday, as the company proposes a potential stock split. Specifically, management is suggesting an eight-for-one stock split. At current prices, it would drop the stock price to about $20, although it obviously wouldn't alter the value of investors' current holdings or the total market cap of the company.
Marijuana stocks seem a bit wobbly at the moment and Canopy Growth (NYSE:CGC) is no exception. The CGC stock price hasn't tanked, to be sure. Canopy Growth earnings on Thursday will provide an opportunity to reverse the recent trend.
This week's spotlight is Facebook (FB), as the company reveals its new cryptocurrency offering today (June 18, as I write this), and on the US Federal Reserve as the Board's Federal Open Market Committee will conclude its regular policy meeting tomorrow with a much-anticipated position announcement on interest rates. Lumentum is leading provider of optical and photonic products for datacom, telecom, and commercial lasers.