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Here are eight Buffett-approved businesses built for the long haul.
Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.
Spam calls have reached “epidemic” status -- with Americans receiving a staggering 5.6 billion robocalls in November alone.
As a $1.4 billion investment in Arlington comes to fruition, General Motors Co. has unveiled the next generation of its Chevrolet Suburban and Tahoe models at the North Texas facility.
The United Auto Workers members' ratification of the collective bargaining agreement closes out the UAW's negotiations with the Big 3 Automakers, a round of talks that included a strike by workers at rival General Motors Company (NYSE: GM). The agreement calls on Fiat Chrysler to double the $4.5 billion it had previously announced it would invest in upgrades and new facilities.
Verizon Communications (VZ) closed the most recent trading day at $61.08, moving -0.24% from the previous trading session.
The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA. Fiat Chrysler (FCA) and PSA, the maker of Peugeot and Citroen, in October announced a planned $50 billion merger to create the world's fourth-largest automaker. FCA's 47,200 rank-and-file UAW members voted 71% in favor of the new contract.
Wells Fargo & Co (NYSE: WFC ) announced the adoption of zero-cost trades on its WellsTrade self-directed trading platform on Monday. This development follows Bank of America Corp's (NYSE: BAC ) announcement ...
UBS analysts say there’s a good chance that Beyond Meat won’t be McDonald’s only plant-based meat source if it launches the P.L.T. in the U.S.
It's difficult to lock down the absolute best stocks to buy for any year - but 2020 could be particularly challenging.For one, 2019's run-up has lifted stocks to sky-high prices only seen a handful of times in history. Also, the global economy is starting the year at a potential inflection point - growth has been weakening for months, but signals of a turnaround are starting to pop up. And the 2020 presidential cycle is almost certain to cause headaches for a number of politics-sensitive sectors.The year ahead could be every bit as volatile as 2019, if not moreso. Thus, the best stocks for 2020 will need to have not just decent-to-robust growth prospects, but a little durability too. That's quite the needle to thread ... but several companies do fit that bill.Here are the 20 best stocks to buy for 2020, rain or shine. A few of these possess typical defensive characteristics such as recession-resistant businesses and/or high dividend yields. A few possess qualities that could protect them from 2020-specific dangers, such as trade turbulence or the upcoming presidential elections. But all of them merit a place in most stock portfolios in the coming year. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
Moody's Investors Service ("Moody's") today downgraded the Corporate Family Rating of Go Wireless Holdings, Inc. ("Go Wireless") to B2 from B1. The downgrade of the company's Corporate Family Rating to B2 reflects the company's weaker than anticipated operating performance and credit metrics.
Atlanta United made a big splash in the esports world. The Major League Soccer club announced on Wednesday that it signed Paulo Neto for the 2020 eMLS season which starts next month. The 16-year old Brazilian is currently the No.4-ranked FIFA 2020 player in the world on Playstation 4.
Ammann did not elaborate on Cruise’s plans in his post. Cruise on Wednesday said it would offer more details at an event in San Francisco on Jan. 21. Cruise previously announced a partnership with Honda Motor Co to develop a purpose-built autonomous vehicle for use in ride-sharing.
(Bloomberg) -- Talk about biting the hand that feeds.Dan Ammann, the chief executive officer of a self-driving car startup majority owned by General Motors Co., on Wednesday called solo drivers of gasoline-powered cars “the fundamental problem” behind pollution, congestion and vehicle crashes. His complaint is ironic since as recently as January, Ammann was president of GM, which derives much of its profits from gas-guzzling SUVs and trucks, few of which are owned by commuters who regularly carpool.“Imagine if someone invented a new transportation system and said, ‘I’ve designed a new way of getting around: it’s powered by fossil fuels that will pollute our air. It will congest our cities to the point of inciting rage in its users. Its human operators will be fallible, killing 40,000 Americans — and more than a million people around the world — every year,’” Ammann wrote in a blog post. “You’d say, ‘You’re crazy.’”As head of Cruise LLC, Ammann, 47, is looking to promote the idea that electric, self-driving vehicles purpose built for ride-sharing are the best cure for modern-day urban transportation woes. His old boss, GM CEO Mary Barra, has echoed those comments, but also stressed the need to make money on the company’s current lineup to pay for that transformation to a more sustainable future.GM funds Cruise with $1 billion a year, which it can afford to do thanks to the fat profit margins earned from sales of vehicles like the Chevrolet Tahoe SUV, a revamped and much-larger version of which the company showed off on Tuesday. Notably, the 2021 model lacks an optional electric powertrain or self-driving technology, though GM does have electric SUVs in the works.Meanwhile, Cruise will miss its original goal to launch a self-driven ride-sharing service by the end of this year, something the venture now plans to introduce at an unspecified date.To contact the reporter on this story: David Welch in Southfield at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Billionaire Ken Fisher is in hot water because of his sexual comments at a financial services conference. Fisher is known for his prestigious Forbes column, titled “Portfolio Strategy”, which he has been writing since 1984, which makes him the longest-running columnist in the publication’s history. He also has written 11 books, four of which became New […]
The worst-performing stock in the Dow Jones Industrial Average this year just got some more bad news. Walgreens stock (ticker: WBA) was down 0.7% in morning trading. Wells Fargo Securities Peter Costa stressed that the change was due to a shift in how the firm considers its ratings, not a change in how he sees the fundamentals of the business.
New York’s Metropolitan Transportation Authority said Wednesday that it has rolled out contactless-payment capabilities at Penn Station, part of the agency’s plan to reach 85 subway stations by the end of the month and all 472 stations by the end of next year.
The Suburban and Tahoe are important vehicles in the Chevrolet lineup. If you don’t factor in Silverado sales, the two SUVs combine to have accounted for nearly 12% of Chevrolet’s sales so far this year.
Frontier (FTR) collaborates with Neustar to thwart robocalls with the deployment of latest technology solutions for protecting consumers from malicious telephonic scams.