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David Paul Morris | Bloomberg | Getty Images AT&T Inc. workers repair phone lines as a burned-out vehicle sits on a road during the Camp Fire in Paradise, California, U.S., on Tuesday, Nov. 13, 2018. California utility company PG&E Corp. said in a court filing Wednesday that it can’t afford …
Read More »Monthly Archives: January 2019
Huawei books record sales in its smartphone business
Qilai Shen/Bloomberg | Getty Images A Huawei Technologies Co. Mate20 smartphone sits on display at the company’s mobile phone plant in Dongguan, China, on Tuesday, Jan. 15, 2019. China’s Huawei Technologies said on Thursday its consumer business sales exceeded a record $52 billion in 2018, on strong demand for its …
Read More »Bristol-Myers pulls FDA application for combo lung cancer treatment
Emile Wamsteker | Bloomberg | Getty Images A researcher in a Bristol-Myers Squibb laboratory. The drugs — ipilimumab (brand name Yervoy) and nivolumab (Opdivo) — belong to a class called checkpoint inhibitors and are made by Bristol-Myers Squibb. Bristol-Myers Squibb shares fell more than 3 percent in premarket trading Thursday …
Read More »Microsoft’s Nadella says facial recognition needs regulation
Jason Alden | Bloomberg via Getty Images Satya Nadella, chief executive of Microsoft, speaks during a panel session on day three of the World Economic Forum in Davos, Switzerland. Microsoft Chief Executive Satya Nadella on Thursday welcomed regulation of facial recognition technology, as concerns about its ability to be used …
Read More »Chinese tourists are spending less on shopping, survey finds
Kiyoshi Ota | Bloomberg | Getty Images A group of Chinese tourists stand with shopping bags at the Canal City Hakata commercial complex in Fukuoka, Japan, on Friday, July 24, 2015. Four million Chinese tourists are expected to head to Japan this year. Chinese tourists are starting to spend more …
Read More »Shutdown could hurt business and aviation industry
Alex Flynn | Bloomberg | Getty Images An American flag hangs near Boeing Co. F/A-18 Super Hornet fighter jets at the Boeing Defense, Space & Security facility in St. Louis, Missouri, July 24, 2018. The U.S. government shutdown hasn’t had much of an impact on Boeing yet, but the world’s …
Read More »These stocks historically jump the most during the first earnings season of the year
There are certain stocks that historically post big gains after reporting fourth-quarter earnings. Bespoke looked back at the past eight fourth-quarter reporting periods and found stocks that jumped the most on earnings reporting day. It found 15 large caps that rose an average 3.8 percent or more. Several stocks on …
Read More »Billionaire Ken Griffin buys the most expensive home ever sold in the US
David Paul Morris | Bloomberg | Getty Images Kenneth Griffin, founder and chief executive officer of Citadel LLC Hedge fund billionaire Ken Griffin closed a deal to buy the most expensive home ever sold in the U.S., paying around $238 million for a New York penthouse overlooking Central Park. The …
Read More »Billionaire Mario Gabelli says investors should ‘put a bet on’ MGM Resorts
Adam Jeffery | CNBC Mario Gabelli, founder, chairman, and CEO of Gabelli Asset Management Company Investors. Billionaire value investor Mario Gabelli said on Wednesday’s CNBC “Halftime Report” that MGM Resorts International stock is “very attractive” and investors should “put a bet on it.” The longtime investor is bullish on MGM …
Read More »More uncertainty is the ‘biggest issue’
Adam Galica | CNBC James Quincey, CEO of Coca-Cola Co., speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. “There’s been more volatility over the last couple years, so I think people are going into it going, ‘OK, a little harder than last year,’ but I feel …
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