|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||8.38 - 8.90|
|52 Week Range||7.92 - 15.36|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (2.32%)|
|Ex-Dividend Date||Mar 09, 2020|
|1y Target Est||N/A|
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Fox News Channel’s Tucker Carlson says he felt a “moral obligation” to meet with President Donald Trump and warn him personally about the seriousness of the coronavirus pandemic.
What a difference a few days, and a few thousand coronavirus cases in the U.S., make. On Fox News in recent weeks, downplaying the outbreak was all the rage. Pete Hegseth said “the more I learn about this, the less there is to worry about.”
The U.S. luxury housing market capped off the year with its greatest show of strength in 2019 as million-dollar sales jumped 11.4 percent year-over-year nationwide and sale prices increased 2.1 percent, according to the realtor.com® Q4 2019 Luxury report released today.
To help provide consumers with the information they need to make confident choices, realtor.com® announced today that it now displays estimated property values from three widely respected sources on for-sale and off-market properties. Realtor.com® is the only national home search site to offer a range of values from third party sources.
There are many things you can determine from a property listing – a home's size, location, aesthetics, school districts and much more. However, there are some things you simply can't see – such as how noisy or quiet a property may be. Today, realtor.com® introduced a new noise indicator feature that provides reliable sound data down to the property level. Understanding the noise level surrounding a property gives consumers another piece of valuable information they need to make confident buying decisions.
News Corp. (NWSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Reminded at the Fox News town hall this week in Scranton, Pa., that he likely can’t reduce the debt without cutting entitlement programs, like Social Security, Trump said, “We will be cutting.”
(Bloomberg) -- AT&T Inc. is cooperating with the U.S. Justice Department in its Google investigation, which is exploring whether the online search and advertising giant violated antitrust laws, according to a person familiar to the situation.The discussions are part of a probe into Google’s digital advertising and search operations, and antitrust officials have been meeting with a range of parties, people with knowledge of the matter have said previously. That includes discussions with companies and organizations other than those that have voiced complaints about google in the past, such as Oracle Corp., News Corp. and Yelp Inc.Google controls much of the technology that online publishers and marketers use to serve ads across the internet. Media companies and rivals have complained that Google’s dominance hinders competition, and its business practices have brought scrutiny in both the U.S. and Europe.The Justice Department said it doesn’t comment on specific investigations or meetings.“As a general matter, it is usual for the department’s antitrust division to meet with a range of third parties during an investigation,” it said in a statement. “The department takes protecting the privacy of third parties seriously so as to protect them from any potential retribution from the target.”The Wall Street Journal reported earlier on AT&T’s talks with the Justice Department.The company had its own clash with the Justice Department starting in 2017, when antitrust enforcers sued to block AT&T’s $85 billion acquisition of Time Warner. But the telecom carrier ultimately prevailed and was able to close the transaction the following year.AT&T has pushed deeper into online ads in recent years, putting it in Google’s orbit. It agreed to buy AppNexus in 2018, giving it an online-ad exchange that is now part of a business AT&T calls Xandr. AppNexus has been a frequent critic of Google’s practices.(Updates with Justice Department comment in fourth paragraph)\--With assistance from David McLaughlin.To contact the reporter on this story: Scott Moritz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The U.S. housing market continued to tighten in February as the inventory of for sale homes saw additional listings evaporate and home prices rose, according to realtor.com®'s February Housing Trends Report released today. The continuation of these trends could signal a competitive spring homebuying season on the horizon.
ViacomCBS Inc. (NASDAQ: VIACA) (NASDAQ: VIAC) is looking to sell the veteran publishing subsidiary Simon & Schuster, chief executive officer Bob Bakish said in a call with investors Wednesday.What Happened "Simon & Schuster is not a core asset of the company," Bakish told investors, as reported by the Wall Street Journal. The CEO added that he had received "multiple unsolicited inbound calls" about Simon & Schuster.News Corp (NASDAQ: NWSA) (NASDAQ: NWS) subsidiary HarperCollins Publishers could be one of the potential bidders alongside Lagardere S.C.A. (OTC: LGDDF) subsidiary Hachette Book Group, per the Journal."HarperCollins has been interested in gaining scale through organic growth and acquisitions of other companies," the publisher's CEO Brian Murray told the Journal. "Any time a publishing company is on the market, we'd like to take a look."Why It Matters Viacom and CBS merger in December last year and were at the time reported to be looking to sell some of the subsidiaries not in line with their core business of media.The sale of print books has also remained stagnant, as e-books and audiobooks see rising popularity.ViacomCBS had reported a revenue of $814 million from publishing for the financial year 2019, down 1.3% from the $825 million posted a year earlier.Price Action ViacomCBS's Class A shares closed 1.62% higher at $28.78 on Wednesday, and Class B shares closed 0.09% higher at $23.1.News Corp's Class A shares closed 0.55% lower at $11.77, and Class B shares closed 0.08% higher at $12.10.See more from Benzinga * iPhone Maker Foxconn Expects 15% Q1 Revenue Hit From Coronavirus, Says Production Rebounding * Supreme Court Debates President's Right To Fire Federal Agency Head Without Cause * US Indicts Two Chinese Nationals For Laundering Cryptocurrency Allegedly Stolen In North Korean Hack(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Australian Associated Press (AAP) will close its news production and sub-editing businesses from June after losing its battle to compete with free online publishers, the 85-year old wire-service said on Tuesday. AAP had for decades provided media organisations first-account reports and breaking news on topics ranging from politics, to business and sports. "Its reporters, photographers and production staff have accurately recorded the first cut of contemporary Australian history and the nation is in their debt," AAP chairman Campbell Reid, who is also a News Corp executive, said in a statement.
AAP Editor-in-Chief Tony Gillies said in a tweet: “The saddest day: AAP closes after 85 years of excellence in journalism. The AAP family will be sorely missed.”
Cutting through the clutter of digital home search just got a bit easier for agents and brokers across the country with Market Reach, a new lead generation and brand marketing solution from realtor.com®.
(Bloomberg Opinion) -- Look for this week to be full of news about governments and central banks signaling their “whatever it takes” willingness to take additional policy measures to fight the contractionary impact of the coronavirus on virtually every economy around the world. Already, the Federal Reserve signaled on Friday readiness to loosen monetary conditions in the United States while Italy announced on Sunday a “shock therapy” of fiscal measures.As more announcements materialize during the week, it will be crystal clear that the question will not be about the willingness to act but about the effectiveness of those actions. For the most part, the answer will be only partly satisfactory in the short term until two underlying health conditions change. Less obvious will be the need to weigh immediate benefits — partial and as necessary as they are — against the possibility of longer-term unintended consequences associated with the inevitable use of ill-suited policy tools for the task at hand. Those include more borrowing of growth from the future and even greater reliance on activities bolstered by central bank liquidity injections.An increasing number of sectors and countries are experiencing sudden-stop dynamics as the economic effects of the coronavirus spread more widely around the world. Both demand and supply are being hit hard and in multiple ways. For example, News Corp., the owner of the Wall Street Journal, banned nonessential travel for its employees this weekend; more conferences are being cancelled around the world; airlines are reducing flights; and companies are asking employees to work from home. It’s a dynamic that builds on itself in the short term, fueled by a “fear virus” and other behavioral traits that engender paralysis and insecurity. It also promotes self-reinforcing vicious economic cycles with adverse social, political and institutional spillover effects, amplified by the considerable risk of pockets of financial market malfunctioning.The impact of all this will be a repeat internationally of what I called on Friday the “shock number” out of China: The manufacturing purchasing managers’ index for February not only came in well below expectations — 35.7 compared with the consensus estimate of 45.0 — but was also the worst reading on record. Several countries now face a high likelihood of recession, including Germany, Italy, Japan and Singapore, to name just a few, and some of the more financially stressed ones will experience a rise in credit risk and increasing threats of outright credit rationing.With that, a growing number of companies will again be forced to revise downward their earnings guidance for the year or withdraw it altogether because of the exceptional uncertainties. Some, with limited cash cushions and maturing debt like their sovereign counterparts, will also have to worry about their refunding prospects, with mounting risk of higher defaults for the most exposed sectors.In light of all this, it should come as no surprise that a growing number of countries will be announcing emergency stimulus measures. Indeed, those already signaled contain important information:Friday’s rare four-line statement by the Fed pointed to the “evolving risks” facing the U.S. economy and the central bank’s readiness to deploy “tools and act as appropriate to support the economy.” Just like the Fed’s dramatic 180-degree policy turn a year ago from a multiyear path of raising rates to one of immediate cuts during the year, this opens the door for other central banks to loosen financial conditions. If not coordinated, it will be another year of correlated monetary policy stimulus, in which central bankers respond to the same economic conditions but do not cooperate.Italy’s announcement highlights not just the more targeted policy focus — tax credits for companies suffering large hits to revenue and additional help to the health sector — but also the willingness of a government to act even in the context of prior fiscal constraints and potential tensions with Brussels.But the considerable willingness of governments and central banks to act should not be confused with effectiveness.For the reasons I have detailed before, countering an economic sudden stop, such as the one connected with the coronavirus, is a lot harder in the immediate term than resolving a financial sudden stop. It requires not just well-targeted national and local responses but also internationally coordinated, and not just correlated, efforts. (Think, for example, of the April 2009 G-20 meeting in London.) And, given the use of rapidly designed and poorly suited policy tools, it inevitably involves some collateral damage and unintended consequences, especially for longer-term economic well-being and financial stability.The best that fiscal and monetary policy interventions can realistically hope for in the next few weeks and months is to:Support sectors critical to a holistic recovery, medical services in particular. Target the most vulnerable, responsive and highly consequential contracting sectors. Provide focused relief to corporate and household balance sheets. Bolster emergency assistance to countries overwhelmed by this exogenous and external shock. Counter pockets of market malfunctioning through timely direct liquidity injections. Provide increasing clarity as to what lies ahead for the global economy, national responses and global policy coordination. These efforts, however, will not be able to engineer in the short term a generalized global and sustained recovery of the three main drivers of economic activity: consumption, investment and trade.Consumption will be curtailed by households’ lack of confidence to interact in the economy. Weak demand prospects, as well as disrupted supply chains, will limit corporate investment spending. Trade in goods and services will languish as more countries impose restrictions in their quest to protect the health and safety of their citizens.To decisively turn the corner, the global economy needs evidence of two health accomplishments: success in containing the spread of the virus, particularly when it comes to community transmission; and sustained success in illness recovery and avoidance, with the latter best done through the availability of a new vaccine.As for financial markets, look for significant price and liquidity swings as traders navigate the tug-of-war between deepening economic and corporate damage on the one hand and central bank liquidity injections, policy announcements and health news on the other. The immediate opportunity for investors will differ depending on whether they favor highly tactical drivers (that is, day trading and exploiting arbitrage opportunities because of indiscriminate behavior in markets) or secular and structural ones (those looking for longer-term portfolio positioning that can withstand the considerable volatility ahead). To contact the author of this story: Mohamed A. El-Erian at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Mohamed A. El-Erian is a Bloomberg Opinion columnist. He is the chief economic adviser at Allianz SE, the parent company of Pimco, where he served as CEO and co-CIO. He is president-elect of Queens' College, Cambridge, senior adviser at Gramercy and professor of practice at Wharton. His books include "The Only Game in Town" and "When Markets Collide."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Alphabet Inc.’s Google has reached a settlement with state attorneys general over the states’ use of consultants in their antitrust investigation of the internet search giant.Google in October went to court to restrict the Texas Attorney General’s office from disclosing sensitive information to consultants who have worked for competitors and other companies such as News Corp. and Microsoft Corp that have complained about Google to regulators.Both sides reached a settlement that places some restrictions on how the experts can access confidential business information, Google said on Friday.Google had raised concerns over Texas Attorney General Ken Paxton’s hiring of consultants including Cristina Caffarra, an economist with Charles River Associates. She has worked for Google adversaries News Corp. and Microsoft as well as Russia’s Yandex NV, according to court filings.“We remain concerned with the irregular way this investigation is proceeding, including unusual arrangements with advisers who work for our rivals and vocal critics,” Google said in a statement.Paxton later released a statement saying, “With this agreement, experts retained by the state will not be burdened with the unreasonable prohibitions sought by Google. They will be able to lend their important expertise to the state without fear of being frozen out of other employment within their field.”(Updates with Paxton statement, in final paragraph.)To contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Ben Brody in Washington, D.C. at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The nation's record low housing inventory is making shopping for a home in Buffalo and Rochester, N.Y., Columbus, Ohio, and Salt Lake City feel more like the tech hubs of San Francisco, Silicon Valley and Seattle, according to a new analysis issued today by realtor.com® that ranks the toughest and easiest markets to find a home.
ALVIN, Texas, Feb. 17, 2020 Realtor.com® and Veterans United Home Loans announced that recently retired U.S. Marine Corps Veteran, Sgt. Jennifer Robinson has won the $100,000 prize (less tax withholding) in the Veterans United Home Loans and Realtor.com® New Home for the Holidays Veteran Homebuyer Giveaway Sweepstakes.
(Bloomberg) -- Alphabet Inc.’s Google is in discussions with publishers about paying licensing fees to include excerpts of their articles in Google News search results.The early-stage talks are taking place primarily with French and other European publishers, and may not lead to any agreements, a person familiar with the matter said. A deal would apply only to news products like the Google News vertical, they added, not general web content queries.Google sparked an outcry in France last fall after it said it would show stripped-down French news search results that wouldn’t include article previews or snippets following a new copyright law.It led French publishers and officials, who had hoped to win compensation from platforms as part of the new law, to accuse the search giant of strong-arming them. French antitrust regulators at the time said they would investigate Google over its implementation of the rules.News executives have been calling on Facebook Inc. and Google to pay for the rights to host their articles. They argue that their journalism is what’s drawing users to those platforms, while the two tech giants are capturing most of the online ad dollars.Richard Gingras, Google’s vice president of news, said helping people find quality journalism is “important to informed democracy and helps support a sustainable news industry.”“We’re talking with partners and looking at more ways to expand our ongoing work with publishers,” he added.In Europe, Google’s rocky relationships with publishers have led to legal action, long European Union antitrust investigations and an EU copyright directive that allows news outlets to seek payment from internet sites that display their articles. France was the first country to implement the new rules.In October, Facebook introduced a separate news section in its flagship app and agreed to pay some publishers $1 million to $3 million a year to put their articles in it.In an earnings call last week, News Corp. Chief Executive Officer Robert Thomson mentioned Google by name, saying there are “positive signs” the search company’s CEO Sundar Pichai “has a thoughtful appreciation for the profound social influence of high quality journalism.”The Wall Street Journal reported the discussions earlier.To contact the reporters on this story: Natalia Drozdiak in Brussels at email@example.com;Gerry Smith in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate Lanxon, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What makes someone fall in love with a home? Across the U.S., people swoon over fabulous pools, stunning water views and ever-sexy storage space, but a new analysis released today by realtor.com® reveals what really makes home shoppers' hearts skip a beat. Realtor.com® analyzed keyword home search data in each U.S. state to determine regional must-have features when searching for a home.
National housing inventory declined 13.6 percent in January, the steepest year-over-year decrease in more than 4 years, pushing the supply of for sale homes in the U.S. to its lowest level since realtor.com® began tracking the data in 2012, according to the website's January Monthly Housing Trends Report released today.
Nearly 70 percent of Realtors® volunteer in their community each month, according to the National Association of Realtors®' Community Aid and Real Estate report, released in December 2018. As part of NAR's commitment to supporting the humanitarian efforts of its 1.4 million members, the association announced today that it has begun accepting applications for the 2020 Good Neighbor Awards -- recognizing Realtors® who have made an extraordinary impact through volunteer service.
News Corp <NWSA.O> on Wednesday launched a free news aggregation service, Knewz, to address its long-held criticism of how Google and Facebook <FB.O> treat publishers and journalists. The service uses artificial intelligence to scan more than 400 national and local news sources across the political spectrum - including Mother Jones, Washington Examiner, and The Nation - and relies on a small team of editors and technical staff to curate articles.