Several drug companies have recalled medications containing valsartan, an off-patent ingredient used in generic medications to treat heart failure and high blood pressure. The companies blamed the recall on the presence of N-nitrosodimethylamine (NDMA), an impurity thought to be produced because of changes in manufacturing that is classified as a probable cancer-causing agent. The Food and Drug Administration issued an announcement about the voluntary recalls on July 13.
Netflix didn't add as many subscribers as expected by a bunch of people on Wall Street who on a quarterly basis govern whether or not it'll be more valuable than Comcast -- and that is probably a bad thing, as it's one of the primary indicators of its future potential for said finance folk. While it's still adding subscribers (a lot of them), it fell below the forecasts it set for itself during the second quarter. This comes amid a spending spree by the company, which is looking to create a ton of original content in order to attract a wider audience and lock them into that Netflix ecosystem.
Papa John’s International Inc.’s founder John Schnatter regrets resigning as chairman after using a racial slur during a training session and believes the company’s board mishandled the situation by pushing him aside without an investigation, according to people familiar with his thinking. The Papa John’s board declined to comment, according to spokesman Peter Collins. Papa John’s shares fell 1 percent on Tuesday to $50.88 at 9:35 a.m. in New York.
Alibaba Group (BABA), perceived as the "Amazon of China," is a must-own franchise for some investors -- myself included. From the different analyst reports I've read, there are multiple headwinds causing them to lower EPS projections, including growing competition in e-commerce and cloud services, economic slowing in China and RMB currency depreciation, a one-time step-up in stock compensation related to Ant Financial’s recent financing, and overall increasing investments by Alibaba that will hurt profitability. China's e-Commerce market is expected to pass $1.1 trillion in 2018.
Netflix (NFLX) shares are sliding more Tuesday morning after a disappointing earnings report led the streaming site to lose $21 billion in market value Monday. Netflix says it added about 1 million fewer subscribers than expected last quarter. Tesla’s (TSLA) stock slid 4% Monday, wiping out $2 billion in market value after CEO Elon Musk’s Twitter attack on a diver who helped rescue a Thai soccer team out of a cave.
UnitedHealth Group easily topped profit expectations during the second-quarter and hiked its outlook for the third time this year, but company shares were punished Tuesday for a performance that even company executives believe falls short of the health insurer's full potential. Enrollment jumped due partially to a surge in government-funded business, and operating earnings soared about 21 percent for the company's fast-growing Optum segment, which strays well beyond health insurance. "Despite strong top-line growth and results, we are not performing at, nor consistently growing to, our full potential," CEO David Wichmann said during a conference call.
If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.
If you don't know how much you pay for financial advice, you could be in for an unpleasant surprise. Here's how to tell if your advisor is looking out for your best interest, says Sophia Bera,founder of Gen Y Planning.
General Electric Co. said it remains unconvinced that demand for Boeing Co.’s potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. The U.S. turbine maker needs to do more work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive engine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show. “We’re still wrestling with what the size of the market is,” Joyce said in a media briefing.
The U.S. stock market is hours from hitting a notable milestone, but it isn’t one that investors will feel particularly good about. For the S&P, exiting correction territory would require it to rise to 2,839.1, or a 10% gain from its low of the correction.
Goldman Sachs says companies with high profit margins can thrive in an inflationary environment. The firm believes rising wages and higher commodity costs may crimp corporate profit margins. Goldman Sachs is worried about rising commodity prices and higher wages, but the firm believes there is still an investment strategy that can outperform.
Jeff Bezos is now the richest man in modern history, reports Bloomberg. Just as Prime Day is kicking off, Amazon CEO Jeff Bezos on Monday reportedly became the richest man in modern history. According to the Bloomberg Billionaires Index, which tracks the net worth of the 500 richest people in the world , Bezos is now worth $150 billion.
Bausch Health Companies, formerly known as Valeant Pharmaceutical International Inc., began trading under its new name today. CEO Joseph Papa discusses the new name and what other changes were made in an exclusive interview.
Investors in Ford Motor Company F need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Credit Suisse analyst John Pitzer reiterated his upbeat view of Micron Technology Inc. (mu) on Tuesday, after the company issued a announcement with Intel Corp. (intc) regarding their 3D XPoint arrangement. The companies said that they have agreed to complete development of the second generation of 3D XPoint technology by the first half of next year, and that they would work independently on technology development beyond the second generation.
Investors interested in Semiconductor - General stocks are likely familiar with Intel (INTC) and Nvidia (NVDA). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone
While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the second quarter figures did raise question marks over future growth and six brokerages cut their price targets on the company's shares. "The quarter is a reminder that Netflix's cadence of net adds is not linear, but lumpy in nature," said Justin Patterson, an analyst with Raymond James and Associates in San Francisco, while pointing to the absence of a new hit series as a driver.
Why are the banks hated so much? I think, after reviewing JP Morgan , Citigroup , PNC Financial and Wells Fargo , I come back with the following impressions: The yield curve is hurting them on all fronts. Not only are they not making enough on
VMware CEO Pat Gelsinger can't help but smile when asked about the boardroom drama that consumed his company for months, but that successfully resolved itself — in his favor, no less — earlier this month.
MARKET PULSE Shares of iQiyi Inc. (iq) the Netflix Inc. (nflx) of China, are down 3.3% in Tuesday morning trading after Netflix reported disappointing quarterly results. Netflix missed subscriber estimates and delivered a more downbeat
Caterpillar (NYSE: CAT) is an industrial giant. Founded in 1925, this industrial equipment maker has customers in more than 180 countries and more than 500 locations worldwide. The past decade wasn’t especially kind to CAT, since the global economic slump meant money was tight for the kinds of projects where Caterpillar’s equipment is usually deployed.
The rise of Chinese Internet giants like Alibaba and Tencent happened as the U.S. tech industry largely ignored that market, Yahoo co-founder Jerry Yang said. Famed founders of the current crop of Chinese Internet giants, like Jack Ma at Alibaba and Pony Ma at Tencent thus became “battle-tested entrepreneurs.” They began to develop original business models, he explained.
Facebook FB, Amazon AMZN, Netflix NFLX and Alphabet GOOGL — have been the hottest cluster this year. Netflix, the first in the group to report Q2 earnings results, disappointed investors with weaker-than-expected subscriber growth after the closing bell on Monday, spreading concerns over long-term growth. It also lagged the Zacks Consensus Estimate on the revenue front though it beat on earnings.
Netflix (NFLX) missed expectations on its subscription numbers when it reported earnings on Monday, with total streaming adds of 5.14 million versus analysts’ expectations of 6.27 million. The company’s stock had previously surged nearly 146% over the last 12 months, driven by strong revenues and consistently higher-than-expected subscriber growth. Netflix is scheduled to report its second-quarter 2018 earnings on Monday afternoon after the markets close.
Elon Musk can’t follow his own advice. Controversial outbursts are neither new nor unusual for Musk, who frequently spars with critics and investors betting against his company. After Tesla shares fell 22 percent in March -- the steepest monthly drop in more than seven years -- Musk jokingly tweeted on April Fools’ Day that the company had gone bankrupt.