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Disney says it now has more than 10M Disney+ subscribers

Disney announced today that it now has more than 10 million Disney+ subscribers, beating analysts expectations of 8 million subscribers by the end of 2019. Yahoo Finance's Zack Guzman and Sibile Marcellus discuss with CampusReform.org Editor-In-Chief, Cabot Phillips.

  • Tesla will mark the beginning of the end for this bull market, warns Ralph Nader
    Business
    MarketWatch

    Tesla will mark the beginning of the end for this bull market, warns Ralph Nader

    Apparently so, according to consumer advocate and former presidential candidate Ralph Nader, who issued a stark warning this week, not only on the electric-car maker's pricey stock, but on the stock market as a whole. “Deep in debt, selling less than 400,000 vehicles last year and challenged by several competing electric car models in 2020, Tesla's stock valuation stunningly exceeds VW which sold over 10 million vehicles last year,” Nader added in a follow-up tweet. Of course, his stance didn't sit well with Tesla fans.

  • Chipmaker Intel Smashes Fourth-Quarter Targets, Guides Higher
    Business
    Investor's Business Daily

    Chipmaker Intel Smashes Fourth-Quarter Targets, Guides Higher

    Chipmaking giant Intel late Thursday smashed Wall Street's sales and earnings targets for the fourth quarter and gave an upbeat outlook for 2020. The Intel earnings report sent INTC stock surging in extended trading. Analysts expected Intel earnings of $1.24 a share on sales of $19.2 billion, according to Zacks Investment Research.

  • FICO scores, the 'most important numbers in your financial life,' are about to change
    Business
    USA TODAY

    FICO scores, the 'most important numbers in your financial life,' are about to change

    Americans who fall behind on loan payments, rack up rising debt or take out personal loans to consolidate debt will likely see their credit scores fall under updates planned for the popular FICO scores, according to Fair Isaac Corp., the creator FICO scores. “Most consumers will see less than a 20-point swing in either direction,” David Shellenberger, FICO's vice president, product management, scores, said in a statement on Thursday. About 40 million, he said, will see a sharper shift upward in scores, and 40 million will be hit with a similar-sized drop, Shellenberger said.

  • Tax breaks for college tuition and medical expenses just came back from the dead — read this before filing your taxes
    Business
    MarketWatch

    Tax breaks for college tuition and medical expenses just came back from the dead — read this before filing your taxes

    The Act retroactively resurrects the deduction to cover qualified college expenses incurred in 2018 and extends the write-off to cover costs incurred in 2019 and 2020. If you qualify for the deduction based on your income, you can claim it whether you itemize or not. Taxpayers with modified adjusted gross income (MAGI) up to $65,000, or up to $130,000 if you're a married joint-filer, can deduct qualified expenses up to $4,000.

  • Mark Cuban: Where the ‘frothy’ market goes from here depends on one thing
    Business
    MarketWatch

    Mark Cuban: Where the ‘frothy’ market goes from here depends on one thing

    “Interest rates were a lot different back then,” he continued. A day earlier, fellow billionaire Paul Tudor Jones, from the sidelines of the World Economic Forum in Davos, said we are currently in the “craziest monetary and fiscal mix in history,” and, at least to him, it's reminiscent of 1999. What happens next in the stock market, he said, depends where interest rates go from here.

  • FDA approves local biotech's first rare-cancer drug
    Business
    American City Business Journals

    FDA approves local biotech's first rare-cancer drug

    The FDA has approved the first-ever commercial cancer treatment from Cambridge biotech Epizyme Inc. Just a few years ago, Epizyme had given up on its potential cancer treatment and sold it to a Japanese drug company. On Thursday, the FDA approved the drug, Tazverik, to treat metastatic or locally advanced epitheliod sarcoma, a rare and aggressive form of soft tissue cancer. Tazverik is the first drug specifically designed for the cancer, which is diagnosed in 150 to 200 people each year, according to Epizyme.

  • Business
    MarketWatch

    Broadcom: Deals with Apple could be worth $15 billion

    Broadcom Inc. (avgo) disclosed Thursday afternoon new deals with Apple Inc. (aapl) worth $15 billion, and shares moved higher in extended trading. In a filing with the Securities and Exchange Commission, the chip maker said that it had signed two multiyear statement of work agreements with the iPhone manufacturer for components that will be included in Apple products beginning this month. The two deals are in addition to an agreement to supply RF chips that Broadcom disclosed last summer.

  • Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 15%
    Business
    TipRanks

    Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 15%

    The stock analysts at Goldman Sachs have been busy. All of this is bread and butter for TipRanks, a platform that makes financial recommendations accountable, and expensive institutional datasets available, to all investors. Three tech stocks that usually fly under the radar – but Goldman sees them all with more than 15% upside potential in the coming year.

  • Britain's Prince Charles appears to snub Pence
    World
    Associated Press Videos

    Britain's Prince Charles appears to snub Pence

    Britain's Prince Charles appeared to snub U.S. Vice President Mike Pence on Thursday during his arrival to the World Holocaust Forum event. Jan.

  • Intel stock jumps as cloud pushes quarterly revenue higher than $20 billion for first time
    Business
    MarketWatch

    Intel stock jumps as cloud pushes quarterly revenue higher than $20 billion for first time

    Intel Corp.'s data-center sales crushed Wall Street estimates Thursday, pushing quarterly revenue atop the $20 billion mark for the first time, but the chip maker's forecast reflected a conservative for the difficult-to-predict cloud market. Intel (INTC) shares jumped as much as 7% in after-hours trading Thursday after the company said it expects adjusted earnings of $1.30 a share on revenue of about $19 billion for the first quarter, and $5 a share on revenue of about $73.5 billion in 2020. On the conference call, Intel Chief Executive Bob Swan defended the estimate by saying that visibility into sales later in the year is limited.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of FCEL earnings conference call or presentation 22-Jan-20 3:00pm GMT

    Q4 2019 FuelCell Energy Inc Earnings Call

  • Surgical Robotics Leader Dives As Sales, Earnings Growth Decelerate
    Business
    Investor's Business Daily

    Surgical Robotics Leader Dives As Sales, Earnings Growth Decelerate

    Surgical robotics giant Intuitive Surgical reported decelerating sales and earnings growth Thursday, leading ISRG stock to slide in after-hours trading. During the fourth quarter, Intuitive Surgical profit jumped nearly 18% to $3.48 a share. Likewise, the surgical robotics company pulled in $1.28 billion in fourth-quarter sales, growing 22% year over year to beat expectations for $1.2 billion.

  • Wells Fargo former CEO John Stumpf fined $17.5 million, banned for life from banking
    Business
    American City Business Journals

    Wells Fargo former CEO John Stumpf fined $17.5 million, banned for life from banking

    Wells Fargo former Chairman and CEO John Stumpf has agreed to pay a fine of $17.5 million and accept a lifetime ban from the banking industry in a settlement the Office of the Comptroller of the Currency announced Thursday. Hope Hardison, Wells Fargo's (NYSE: WFC) former chief administrative officer and director of corporate human resources, agreed to pay a fine of $2.25 million and a personal cease and desist order that requires her to refrain from certain conduct in the future. The bank's former Chief Risk Officer Michael Loughlin will pay a fine of $1.25 million and a personal cease and desist order.

  • I’m 38 with $315,000 saved for retirement, but have $30,000 in debt. Should I lower my 401(k) contributions to get rid of that debt?
    Business
    MarketWatch

    I’m 38 with $315,000 saved for retirement, but have $30,000 in debt. Should I lower my 401(k) contributions to get rid of that debt?

    Dear Catey, I currently have about $315,000 in retirement savings and am 38 years old. I have about $30,000 in consumer debt (this is the only debt we carry, no car payment or mortgage) — about $24,000 of which is an unsecured loan that I'm paying about 10% interest on; the rest is on credit cards that are on a 0% promotional period and that I hopefully pay off before the 0% period expires in October 2020. I'm trying to pay down my debt and continue to save aggressively for retirement…I've made minimal improvements over the past couple of years paying down my debt and continue to play the balance transfer game on credit cards to retain 0% interest rates or other low rate options.

  • Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’
    Business
    MarketWatch

    Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’

    For veteran Wall Street types, $12,000 is a rounding error, but for a guy getting his feet wet in the options pits, losing that much will leave a scar. Unfortunately, that's what happened this week to an anonymous trader whom we'll call “Juice,” if the sob story he shared on Reddit is accurate. “I thought I'd give options a try because I was doing pretty well swing trading and it was probably the biggest mistake of my life,” he wrote in a post.

  • Dow Jones Futures: Intel, Atlassian Soar On Earnings, Boost 3 Leaderboard Stocks; Broadcom Rises On Apple Deal
    Business
    Investor's Business Daily

    Dow Jones Futures: Intel, Atlassian Soar On Earnings, Boost 3 Leaderboard Stocks; Broadcom Rises On Apple Deal

    Dow Jones futures rose modestly Thursday, along with S&P 500 futures and Nasdaq futures, after the stock market rally showed continued resilience amid an expanding China coronavirus crisis. Chip giant Intel and software maker Atlassian crushed earnings views. Intel stock jumped in extended trade, with AMD stock and Nvidia stock also getting a lift.

  • Why this analyst says Boeing and GE are a buy
    Business
    Yahoo Finance Video

    Why this analyst says Boeing and GE are a buy

    Kramer Capital Research CIO Hillary Cramer joins The Final Round to break down why investors should buy Boeing and GE shares when they fall.

  • Apple, Broadcom Strike $15 Billion Worth of Chip-Supply Deals
    Business
    Bloomberg

    Apple, Broadcom Strike $15 Billion Worth of Chip-Supply Deals

    The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That's in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added. Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%.

  • World
    Oilprice.com

    Iran Faces Threat Of Full Global Sanctions

    There is a lot more to last week's decision by the U.K., France, and Germany to trigger the dispute resolution mechanism in the 2015 Joint Comprehensive Plan of Action (JCPOA) 'nuclear deal' with Iran than meets the eye. The countries – three out of the total six states that formed the P5+1 group that signed the JCPOA (the others being the U.S., Russia, and China) – are working in line with pressure from the U.S. “either to force Iran back to the negotiating table on the JCPOA or to exponentially increase its economic pain,” as a senior source who works closely with Iran's Petroleum Ministry told OilPrice.com. “This time around, the U.S. is looking for Iran to make the decision: go back to the pro-West moderate policies of [President Hassan] Rouhani and all will be good or allow the IRGC [Islamic Revolutionary Guards Corps] to tighten its grip and all will be bad,” he underlined.

  • Business
    TheStreet.com

    7 Low-Risk Investments With High Returns in 2020

    The classic risk-free investment is Treasury securities, but even they carry some degree of price risk from changes in interest rates, though the risk of default is slim to none. To be clear, dividend-paying stocks do carry risk as they are still subject to the same factors that impact the stock market. Investing for dividend yield is about finding those companies that pay higher dividends as a source of yield.

  • Mnuchin to Greta Thunberg — go study economics first
    Business
    MarketWatch

    Mnuchin to Greta Thunberg — go study economics first

    President Donald Trump has taken a few digs at 17-year-old environmental activist Greta Thunberg, and now Treasury Secretary Steven Mnuchin has as well. Speaking at a press conference Thursday with Commerce Sec. Wilbur Ross at the World Economic Forum in Davos, Mnuchin was asked about Thunberg's recommendation to divest from fossil fuels, according to Reuters.

  • Bayer Discusses Settling Roundup Claims for $10 Billion
    Business
    Bloomberg

    Bayer Discusses Settling Roundup Claims for $10 Billion

    In an effort to settle tens of thousands of claims that Bayer AG's Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to people with direct knowledge of the negotiations. In some discussions, Bayer's lawyers have said the chemical maker will set aside $8 billion to resolve current cases and reserve $2 billion for future claims, the five people said. Roundup has been blamed for ailments including non-Hodgkin's lymphoma, which can take years to be diagnosed.

  • Business
    Investing.com

    Beyond Meat Faces Impossible Blowback

    Investing.com – Beyond Meat (NASDAQ:BYND) fell Thursday and while that's not unusual for a stock that is the sole public bellwether for plant-based meat substitutes, there's an interesting twist. Shares of Beyond Meat (NASDAQ:BYND) fell 2% in afternoon trading. There's no denying that investors may want to take money off the table after BYND's recent run.

  • Mortgage rates fall to the lowest level in three months — but this is a double-edged sword for home buyers
    Business
    MarketWatch

    Mortgage rates fall to the lowest level in three months — but this is a double-edged sword for home buyers

    The 30-year fixed-rate mortgage averaged 3.6% during the week ending Jan. 23, down five basis points from the previous week, Freddie Mac (FMCC) reported Thursday. The 15-year fixed-rate mortgage also fell five basis points to 3.04%, according to Freddie Mac. The 5/1 adjustable-rate mortgage, meanwhile, dropped a 11 basis points to an average of 3.28%.

  • Business
    Barrons.com

    10 Companies Microsoft Could Buy to Boost Its Growing Cloud Business

    It might be time for (MSFT) to go shopping. Piper Sandler analyst Brent Bracelin asserts in a research note Thursday that 2020 could be a defining year for the software giant. He argues that Microsoft (ticker: MSFT) has “a unique opportunity to further elevate its cloud leadership position through share gains and needle-moving M&A.” The company's huge run to a $1 trillion-plus valuation has been driven by the remarkable growth in its Azure cloud business, which is smaller than (AMZN)'s (AMZN) Amazon Web Services but growing faster—and Bracelin thinks the company can press its advantage with a smart deals.