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Yahoo Business
Oct 22, 2019

Facebook's Sheryl Sandberg: We won't take down content just because it's false
As Mark Zuckerberg readies to testify before the House Financial Services Committee in D.C. on Wednesday, Facebook's chief operating officer took the stage in Los Angeles to defend the social network's policy of not fact-checking political ads.

Yahoo Business
Oct 22, 2019

U.S. charges six investment bankers over insider trading scheme
U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group, Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits. The U.S. Attorney's Office for the Southern District of New York has arrested three members of the international ring and unsealed four separate indictments in recent days.

Yahoo Business
Oct 22, 2019

Teradyne: 3Q Earnings Snapshot
NORTH READING, Mass. (AP) _ Teradyne Inc. (TER) on Tuesday reported third-quarter net income of $135.9 million. On a per-share basis, the North Reading, Massachusetts-based company said it had net income of 75 cents. The results beat Wall Street expectations.

Yahoo Business
Oct 22, 2019

U.S. Defense chief won't review $10 bln cloud computing deal due to conflict of interest
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing contract because of a possible conflict of interest, the Pentagon said on Tuesday. "Although not legally required to, he (Esper) has removed himself from participating in any decision making... due to his adult son's employment with one of the original contract applicants," Chief Pentagon Spokesperson Jonathan Rath Hoffman said in a statement. The JEDI contract is part of a broad modernization of the Pentagon's information technology systems and has been mired in controversy.

Yahoo Business
Oct 22, 2019

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
LOS ANGELES/NEW YORK (Reuters) - Facing off against a plaintiff's lawyer for the first time about Johnson & Johnson's Baby Powder, the company's Chief Executive Alex Gorsky earlier this month insisted that the company's iconic brand was safe. "We unequivocally believe that our talc and our baby powder does not contain asbestos," Gorsky testified in an Oct. 3 deposition in a case involving a retired Indiana college professor who alleges his cancer was caused by the Baby Powder he used for decades. The deposition has not been previously reported.

Yahoo Business
Oct 22, 2019

The Billionaire Battle For EV Dominance
Tesla and BYD are in a race to dominate the global EV market and, with Musk and Buffett backing their respective companies, this billionaire battle won't slow down any time soon

Yahoo Business
Oct 22, 2019

Were Hedge Funds Right About Piling Into Neurocrine Biosciences (NBIX)?
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers' equity positions as of the end of the three-month period […]

Yahoo Business
Oct 22, 2019

Intel files antitrust case against SoftBank-backed firm over patent practices
The complaint filed late Monday in the U.S. District Court for the Northern District of California in San Jose alleged that Fortress Investment Group, which SoftBank bought in 2017 for $3.3 billion, acquired control of more than 1,000 U.S. technology patents. Intel said that Fortress and other companies it owns or controls filed lawsuits against the Santa Clara chipmaker claiming that nearly every Intel processor made since 2011 infringed patents the companies had obtained control of from NXP Semiconductors .

Yahoo Business
Oct 22, 2019

Boeing names Stan Deal CEO of Boeing Commercial Airplanes
Boeing's Executive in Charge of Commercial Airplanes, Kevin McAllister, is leaving the company. He is the most senior official to depart as the airline maker struggles to contain the fallout from the crashes of two 737 Max. Yahoo Finance's Myles Udland breaks it down on The Final Round.

Yahoo Business
Oct 22, 2019

Software Stocks in Free Fall With ServiceNow Results on Deck
(Bloomberg) -- An ugly two months for software stocks is getting worse, and bullish investors are looking to earnings reports this week from ServiceNow Inc. and Microsoft Corp. to stem the tide.Zoom Video Communications Inc. and ServiceNow fell more than 5% on Tuesday, each extending losing streaks to a fifth consecutive day. The group has been under renewed pressure since last week, despite an earnings report from Atlassian Corp. that was praised by analysts. Both ServiceNow and Microsoft are due to report Wednesday afternoon."We all know there's some frothiness in some of these specialty software as a service companies," said Jason Benowitz, a senior portfolio manager with Roosevelt Investment Group. "I'm interested in how the market will react when Microsoft reports, because I think everyone is expecting results to be strong."Software valuations have come under the microscope amid concerns about whether their break-neck growth is sustainable in a slowing economy and a renewed focus on profitability in the wake of WeWork's initial public offering stumble. A Goldman Sachs basket of expensive software stocks has fallen 28% from a July peak, with nearly all of that decline coming since the start of September.Other big decliners on Tuesday included Slack Technologies Inc. and Alteryx Inc., which both fell more than 7%, while Coupa Software Inc.has lost 24% since the beginning of last week.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact th

Yahoo Business
Oct 22, 2019

If you're saving for retirement, remember this: It's really just 20 years of unemployment
We would be better served to think of retirement as twenty years of unemployment.  That's because when it comes to retirement savings, the majority of Americans generally come up short.

Yahoo Business
Oct 22, 2019

Canadian election clears path for universal drug plan
Canada's Liberal government is more likely to pass a universal prescription drug plan after losing its majority in Monday's election, setting the stage for what would be the biggest shakeup of the country's public healthcare system since it was created in the 1960s. The Liberals won the most seats in the election but fell short of a majority, which means Prime Minister Justin Trudeau will need the support of rivals like the left-leaning New Democratic Party (NDP) to govern. Both the Liberals and NDP have promised a new national drug plan.

Yahoo Business
Oct 22, 2019

Why Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Looks Like A Quality Company
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Yahoo Business
Oct 22, 2019

The U.S. Smashes Another Oil Export Record
As new terminals come online, the United States crude export business is breaking records, expanding to more and more new countries in every corner of the globe

Yahoo Business
Oct 22, 2019

What Kind Of Shareholders Own Senior Housing Properties Trust (NASDAQ:SNH)?
If you want to know who really controls Senior Housing Properties Trust (NASDAQ:SNH), then you'll have to look at the...

Yahoo Business
Oct 22, 2019

Is Gildan Activewear Inc (GIL) A Good Stock To Buy?
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]

Yahoo Business
Oct 22, 2019

Interested In Semtech Corporation (NASDAQ:SMTC)? Here's How It Performed Recently
After reading Semtech Corporation's (NasdaqGS:SMTC) latest earnings update (28 July 2019), I found it beneficial to...

Yahoo Business
Oct 22, 2019

Were Hedge Funds Right About Selling United Rentals (URI)?
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

Yahoo Business
Oct 22, 2019

Why We Like The Scotts Miracle-Gro Company's (NYSE:SMG) 18% Return On Capital Employed
Today we are going to look at The Scotts Miracle-Gro Company (NYSE:SMG) to see whether it might be an attractive...

Yahoo Business
Oct 22, 2019

Biogen soars as it seeks U.S. Alzheimer's drug approval
Biogen shares are soaring after it submitted to the Food and Drug Administration an experimental Alzheimer's drug. Yahoo Finance's Akiko Fujita and Anjalee Khemlani discuss on The Ticker.

Yahoo Business
Oct 22, 2019

Are Insiders Selling Silgan Holdings Inc. (NASDAQ:SLGN) Stock?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Yahoo Business
Oct 22, 2019

These 4 Measures Indicate That SkyWest (NASDAQ:SKYW) Is Using Debt Extensively
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Yahoo Business
Oct 22, 2019

Edited Transcript of RAND.AS earnings conference call or presentation 22-Oct-19 7:00am GMT
Q3 2019 Randstad NV Earnings Call

Yahoo Business
Oct 22, 2019

UPDATE 1-Canada's Husky lays off workers as energy sector struggles
Canadian oil and gas producer Husky Energy Inc laid off a number of employees on Tuesday, a company spokeswoman said, the latest sign of how Canada's energy sector is struggling with declining capital investment and sluggish growth. Calgary, Alberta-based Husky declined to say how many jobs were affected by the cuts. "Husky has been taking steps to better align the organization and workforce with our capital plan and strategy," spokeswoman Kim Guttormson said in a statement.

Yahoo Business
Oct 22, 2019

Here's What The J. M. Smucker Company's (NYSE:SJM) P/E Ratio Is Telling Us
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

Yahoo Business
Oct 22, 2019

UPDATE 1-Boeing texts reveal flawed simulator, not smoking gun - ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co, former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes. Chief Technical Pilot Mark Forkner described in the leaked messages how MCAS cockpit software, which has since been linked to crashes in Indonesia in 2018 and in Ethiopia in March this year, was "running rampant" during a flight simulator session. The messages fuelled speculation that either Boeing or Forkner or both knew about problems with the plane's flight control software well before the two crashes which killed a total of 346 people, sending its shares sharply lower.

Yahoo Business
Oct 22, 2019

Sirius XM Holdings (NASDAQ:SIRI) Shareholders Booked A 93% Gain In The Last Five Years
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...

Yahoo Business
Oct 22, 2019

JetBlue Airways Pulls Back to Regroup on Latin America and Caribbean Strategy
JetBlue Airways is pruning its Latin America network, cutting flights to Mexico City and reshaping its Caribbean operation so it can improve profitability amid "a series of unique headwinds," executives said Tuesday on their third quarter earnings call. JetBlue will leave Mexico City in early January, three years after it fought to gain prime slots […]

Yahoo Business
Oct 22, 2019

Can You Imagine How Chuffed Shake Shack's (NYSE:SHAK) Shareholders Feel About Its 186% Share Price Gain?
Shake Shack Inc. (NYSE:SHAK) shareholders might be concerned after seeing the share price drop 11% in the last month...

Yahoo Business
Oct 22, 2019

LNG Shipping Rates Now Far Exceed Crude-Tanker Rates
"Crude-tanker rates at historic levels!" blared the recent headlines. Lost in the media storm: Spot rates for liquefied natural gas (LNG) carriers are now higher - much higher - than for crude ...

Yahoo Business
Oct 22, 2019

Can You Imagine How Chuffed SBA Communications's (NASDAQ:SBAC) Shareholders Feel About Its 119% Share Price Gain?
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side...

Yahoo Business
Oct 22, 2019

A Look At The Fair Value Of SailPoint Technologies Holdings, Inc. (NYSE:SAIL)
In this article we are going to estimate the intrinsic value of SailPoint Technologies Holdings, Inc. (NYSE:SAIL) by...

Yahoo Business
Oct 22, 2019

If You Had Bought Science Applications International (NYSE:SAIC) Shares Five Years Ago You'd Have Made 73%
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...

Yahoo Business
Oct 22, 2019

Need To Know: Saia, Inc. (NASDAQ:SAIA) Insiders Have Been Selling Shares
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Yahoo Business
Oct 22, 2019

Boeing texts reveal flawed simulator, not smoking gun: ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes. Chief Technical Pilot Mark Forkner described in the leaked messages how MCAS cockpit software, which has since been linked to crashes in Indonesia in 2018 and in Ethiopia in March this year, was "running rampant" during a flight simulator session. The messages fueled speculation that either Boeing or Forkner or both knew about problems with the plane's flight control software well before the two crashes which killed a total of 346 people, sending its shares sharply lower.

Yahoo Business
Oct 22, 2019

Boeing texts reveal flawed simulator, not smoking gun - ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes. Chief Technical Pilot Mark Forkner described in the leaked messages how MCAS cockpit software, which has since been linked to crashes in Indonesia in 2018 and in Ethiopia in March this year, was "running rampant" during a flight simulator session. The messages fuelled speculation that either Boeing or Forkner or both knew about problems with the plane's flight control software well before the two crashes which killed a total of 346 people, sending its shares sharply lower.

Yahoo Business
Oct 22, 2019

Nevada's Cannabis Market: 1933 Industries Successful Brand Launch, Stem Holdings Launches Cultivars
1933 Industries (CSE: TGIF) (OTC: TGIFF), a vertically integrated cannabis company, reported Tuesday on its most successful brand launch ever. The company's subsidiary, Alternative Medicine Association, partnered with luxury brand Blonde Cannabis and they launched the brand in Nevada. After 30 days of the campaign in collaboration with one of the biggest Nevada's dispensary retailers, Blonde Cannabis reported selling all its products during the debut.

Yahoo Business
Oct 22, 2019

The RingCentral (NYSE:RNG) Share Price Has Soared 1206%, Reaching For The Stratosphere
Long term investing can be life changing when you buy and hold the truly great businesses. And we've seen some truly...

Yahoo Business
Oct 22, 2019

Some Thoughts on Fastenal
A look at a leading industrial distributor Continue reading...

Yahoo Business
Oct 22, 2019

German WW2 U-boat base in France reboots as data center
The thick concrete walls of a long-abandonned World War Two German submarine base in Marseille, southern France, are set to find a new purpose: keeping banks of computer servers safe and cool. Dutch cloud services firm Interxion plans to invest 140 million euros to turn the "Martha Base" bunker - which was built in 1943 to accommodate up to 20 U-boats but was never completed - into a data center for corporate clients. During the German occupation of France, the bunker was meant to be the main German U-boat base in the Mediterranean, but Allied forces bombed the city in May 1944 and took it back in August that year.

Yahoo Business
Oct 22, 2019

Park Lawn Corporation (TSE:PLC) Delivered A Weaker ROE Than Its Industry
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

Yahoo Business
Oct 22, 2019

Lyft's stock surges as co-founders see profitability earlier than expected
Lyft expects to be profitable earlier than expected. Yahoo Finance's On The Move discuss.

Yahoo Business
Oct 22, 2019

What To Know Before Buying Restaurant Brands International Inc. (NYSE:QSR) For Its Dividend
Is Restaurant Brands International Inc. (NYSE:QSR) a good dividend stock? How can we tell? Dividend paying companies...

Yahoo Business
Oct 22, 2019

OFAC's "50% Rule" Challenges Compliance
"The 50% rule is difficult to comply with on a transactional basis," said Brian Amero, head of global compliance and ethics for Boston-based Teradyne (NASDAQ: TER) and a member of the American Shipper Editorial Board. "This is one of the biggest compliance challenges for companies and banks today," Jacobson said.

Yahoo Business
Oct 22, 2019

Can We See Significant Institutional Ownership On The QIAGEN N.V. (NYSE:QGEN) Share Register?
If you want to know who really controls QIAGEN N.V. (NYSE:QGEN), then you'll have to look at the makeup of its share...

Yahoo Business
Oct 22, 2019

Is PTC Inc.'s (NASDAQ:PTC) CEO Overpaid Relative To Its Peers?
Jim Heppelmann has been the CEO of PTC Inc. (NASDAQ:PTC) since 2010. This report will, first, examine the CEO...

Yahoo Business
Oct 22, 2019

EUR/USD Price Forecast - Bureau Likely To Rollover
The Euro has struggled a bit during the training session on Tuesday, as we have been far too strong for some time. That being the case, the market looks likely to see a bit of a rollover at this point as we are getting stretched.

Yahoo Business
Oct 22, 2019

Canada Votes for Climate Action. And Oil.
(Bloomberg Opinion) -- Canada's masses have spoken. Good luck to the energy industry interpreting what they said.Prime Minister Justin Trudeau and his Liberal Party have secured a second term in power, albeit having lost their majority. That latter point is critical for Canada's oil and gas producers and shippers, as is the wider redistribution of seats.If there's one defining aspect to take away from Canada's election, it's the deepening of divisions. Energy likes to flow, but Canada has become a case study in bottlenecks. Alongside the tortured saga of the Keystone XL pipeline to take Albertan oil south, other pipelines have been delayed or, in the case of Kinder Morgan Canada Ltd.'s Trans Mountain expansion to British Columbia, bought out by Ottawa to get it done. Five years ago, oil sands output was forecast to rise above four million barrels a day by the mid-2020s. That's been pushed back to the early 2030s(1), and even that looks optimistic. Discounts on Canadian oil, reflecting the higher costs of transporting it by rail rather than pipeline, now routinely exceed $10 a barrel.Canada happens to be a large oil producer that also has a strong movement to deal with climate change. An opinion poll released in early September found 69% of Canadians thought climate change should be a top priority for the next government — but that 58% thought oil and gas development should also be a top priority. Little wonder, then, that after a campaign defined largely by arguments over carbon taxes and pipelines, Canada has ended up without a clear winner.Ev

Yahoo Business
Oct 22, 2019

Here's Why We Think Universal Display (NASDAQ:OLED) Is Well Worth Watching
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Yahoo Business
Oct 22, 2019

Facebook now under scrutiny from 47 attorneys general in antitrust investigation
47 attorneys general now involved in the Facebook antitrust investigation. Yahoo Finance's Julie Hyman, Adam Shapiro and Jessica Smith discuss.

Yahoo Business
Oct 22, 2019

Hedge Funds Bailed Out of Teva Pharmaceutical Industries (TEVA) At the Right Time
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]

Yahoo Business
Oct 22, 2019

Were Hedge Funds Right About Souring On Apache Corporation (APA)?
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]

Yahoo Business
Oct 22, 2019

Hedge Funds Have Never Been This Bullish On Dropbox, Inc. (DBX)
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]

Yahoo Business
Oct 22, 2019

Do Hedge Funds Love AEGON N.V. (AEG)?
The 700 hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

Yahoo Business
Oct 22, 2019

Those Who Purchased NantHealth (NASDAQ:NH) Shares Three Years Ago Have A 94% Loss To Show For It
It is doubtless a positive to see that the NantHealth, Inc. (NASDAQ:NH) share price has gained some 41% in the last...

Yahoo Business
Oct 22, 2019

Here is What Hedge Funds Really Think About Henry Schein, Inc. (HSIC)
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]

Yahoo Business
Oct 22, 2019

Why Matthews International Corporation's (NASDAQ:MATW) Use Of Investor Capital Doesn't Look Great
Today we'll evaluate Matthews International Corporation (NASDAQ:MATW) to determine whether it could have potential as...

Yahoo Business
Oct 22, 2019

UPDATE 2-License to run Brazil's instant lottery Lotex awarded for $200m
The government on Tuesday awarded a license to operate Brazil's Lotex instant lottery for a total aggregate amount of 818 million reais ($200 million), organizers of the bidding said. Shareholders will pay 17% of total lottery revenue to the Brazilian government. IGT's director in Brazil, Roberto Quattrini, said the potential for expansion of revenue of the instant lottery is big in Brazil, compared with the sales in Europe.

Yahoo Business
Oct 22, 2019

VW speeds up production of next generation Golf
Volkswagen will start deliveries of its new Golf hatchback in December after shaving an hour off the time needed to build its flagship model, the board member responsible for production at the VW brand said on Tuesday. Volkswagen's main factory in Wolfsburg, Germany is preparing to make 450,000 Golf cars a year with the manufacturing time of the eighth-generation model sped up by one hour per vehicle, Andreas Tostmann told journalists in a call. Because VW is able to re-use 80% of the tooling for its new model, VW will invest a midsized triple-digit million euros amount in overhauling production, the carmaker said.

Yahoo Business
Oct 22, 2019

For UPS, Being Better Than FedEx Isn't Enough
(Bloomberg Opinion) -- United Parcel Service Inc. is offering everything to investors that FedEx Corp. isn't, and that's still seemingly not enough.The package-delivery company on Tuesday reported better-than-expected third-quarter earnings and maintained its full-year profit outlook. That's a sharp contrast to FedEx's bruising guidance cut just over a month ago, which the company blamed on a weakening global economy, and analysts blamed on idiosyncratic foot faults. UPS is trimming its capital expenditure budget by $500 million this year and next year, which will help boost its 2019 free cash flow to more than $4 billion. FedEx, meanwhile, is on track to burn cash in fiscal 2020 and Moody's Investors Service Inc. recently lowered its outlook for the company's credit rating. Management's decision to nevertheless leave its $5.9 billion spending budget intact has left investors scratching their heads — particularly because the billions it has spent so far don't appear to be yielding results.UPS on Tuesday reported another quarterly improvement in its adjusted operating margin, a sign that its own push to invest in newer planes and automated systems is paying off as it manages a deluge of less profitable e-commerce shipments. And yet, the stock fell more than 4% in early trading. The problem is, as much as UPS is widening the execution gap between itself and FedEx, it can't escape the weakening macroeconomic backdrop.Revenue in the third quarter was marginally weaker than analysts had been expecting, and UPS warned that its profit guidance was

Yahoo Business
Oct 22, 2019

Biogen soars on beat, positive Alzheimers trial results
Biogen is up on news its submitting to the Food and Drug Administration an experimental Alzheimer's drug. Yahoo Finance's Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM.

Yahoo Business
Oct 22, 2019

Is Las Vegas Sands (NYSE:LVS) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Yahoo Business
Oct 22, 2019

EMERGING MARKETS-Most Latam FX firm, Chile markets recover after slide
Chile's peso traded steady after a 2.7% slump on Monday - its worst day in more than six years, while a more than 1% jump in stocks came after a 4.6% dive which was its biggest one-day drop in almost two years. Other regional currencies moved higher against a firmer dollar, in line with broader emerging markets. Brazil's real jumped 1% with investors keenly awaiting results of a final Senate vote on the government's pension reform bill expected to take place later in the day.

Yahoo Business
Oct 22, 2019

Uber CEO expects to ride developing market growth in next decade
Uber pinned its growth over the next decade on developing markets like India on Tuesday, despite the problems it has faced in establishing itself in China and Southeast Asia. India is a very competitive market with demanding consumers but its "profitability characteristics" are improving, Uber chief executive Dara Khosrowshahi told reporters on Tuesday. "If I look at Uber's growth over the next 10 years it's going to be defined by markets like India, Africa, the Middle East more so than the developed markets such as the U.S. and Europe," Khosrowshahi said.

Yahoo Business
Oct 22, 2019

Should You Be Adding JPMorgan Chase (NYSE:JPM) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Yahoo Business
Oct 22, 2019

UPDATE 2-Boeing makes progress on 737 MAX, but FAA needs weeks to review
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday. Boeing and the FAA are grappling to contain a crisis in the wake of two deadly 737 MAX crashes that have left 346 people dead, forced airlines to ground more than 300 aircraft, and put on hold Boeing deliveries worth more than $500 billion.

Yahoo Business
Oct 22, 2019

Google Is Phasing Out Its Buzzy Touring Bird Tours and Activities Search Feature
Google is shutting down its second stand-alone travel product, Touring Bird, in the past couple of months. Starting Tuesday, visitors to the tours and activities price comparison site will see a banner announcing that Touring Bird will be shutting down November 17. An unannounced number of Touring Bird staff — Google wouldn't reveal the size […]

Yahoo Business
Oct 22, 2019

Two Dead Following ISIS Attack On Iraqi Oil Field
Islamic State militants have attacked a series of oil fields in northern Iraq, with the Iraqi army reporting at least two fatalities

Yahoo Business
Oct 22, 2019

WeWork reportedly set to hand control to SoftBank
SoftBank is now seizing control of WeWork in a bailout deal. Yahoo Finance's Alexis Christoforous, Andy Serwer, and Brian Sozzi discuss.

Yahoo Business
Oct 22, 2019

Biogen Surges as Momentum for Alzheimer's Treatment Revives Hope
(Bloomberg) -- Biogen Inc. will ask U.S. drug regulators to approve the company's experimental Alzheimer's therapy, reviving the nearly abandoned treatment after a new analysis of data from two failed clinical trials showed promising results.The move by Biogen -- if successful -- would be the drug industry's most dramatic reversal of fortune in history. The company said it made the decision after talking with the U.S. Food and Drug Administration and reviewing data showing the therapy helped Alzheimer's patients' cognitive function and their ability to perform basic tasks.In March, the company said a major trial of the drug, aducanumab, had been a failure. That announcement sent Biogen's shares down by more than 25% and raised questions about the firm's future.Investors erased most of those losses after the new announcement Tuesday, giving Biogen shares their biggest intraday gain on record. The stock jumped as much as 42% to $318 -- nearing where the stock traded before the March plunge.The Cambridge, Massachusetts-based drugmaker said in a statement that it plans to send its application to the FDA early next year. It is developing the treatment in partnership with Japan's Eisai Co.Biogen Chief Executive Officer Michel Vounatsos said the company met with the FDA Monday and got the agency's blessing to move ahead. "We got clear support from the FDA," he said in a telephone interview. The company does not believe it needs to conduct additional trials of the drug before moving ahead.The co

Yahoo Business
Oct 22, 2019

Boeing makes progress on 737 MAX, but FAA needs weeks to review
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday. Boeing and the FAA are grappling to contain a crisis in the wake of two deadly 737 MAX crashes that have left 346 people dead, forced airlines to ground more than 300 aircraft, and put on hold Boeing deliveries worth more than $500 billion. Boeing has said it hopes to resume 737 MAX flights later this year, although major U.S. and Canadian airlines have canceled MAX flights into January or February.

Yahoo Business
Oct 22, 2019

Microsoft earnings preview
Microsoft is set to report earnings tomorrow, and analysts have high expectations. Yahoo Finance's Alexis Christoforous and Brian Sozzi preview the quarter with Dan Morgan, VP and Senior Portfolio Manager at Synovus Trust.

Yahoo Business
Oct 22, 2019

Hedge Funds Are Dumping NIO Inc. (NIO)
The market has been volatile in the last few months as the Federal Reserve continued its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […]

Yahoo Business
Oct 22, 2019

Did Hedge Funds Drop The Ball On Colony Capital Inc (CLNY) ?
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you've got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]

Yahoo Business
Oct 22, 2019

Did Hedge Funds Drop The Ball On Yamana Gold Inc. (AUY)?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

Yahoo Business
Oct 22, 2019

Will American Equity Investment Life Holding Company (AEL) Burn These Hedge Funds?
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]

Yahoo Business
Oct 22, 2019

Hedge Funds Have Never Been This Bullish On Covetrus, Inc. (CVET)
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]

Yahoo Business
Oct 22, 2019

Hedge Funds Are Dumping Hamilton Lane Incorporated (HLNE)
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let's take a brief look at what statistics have to say about hedge funds' stock picking abilities to illustrate. The Standard and Poor's 500 Index returned approximately 20% in 2019 (through September 30th). Conversely, hedge […]

Yahoo Business
Oct 22, 2019

How Many Great Western Bancorp, Inc. (NYSE:GWB) Shares Did Insiders Buy, In The Last Year?
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Yahoo Business
Oct 22, 2019

Hedge Funds Have Never Been This Bullish On PolyOne Corporation (POL)
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]

Yahoo Business
Oct 22, 2019

Will Covanta Holding Corporation (CVA) Burn These Hedge Funds ?
The financial regulations require hedge funds and wealthy investors that crossed the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

Yahoo Business
Oct 22, 2019

Did Hedge Funds Drop The Ball On Canada Goose Holdings Inc. (GOOS) ?
Is Canada Goose Holdings Inc. (NYSE:GOOS) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The […]

Yahoo Business
Oct 22, 2019

How Many The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Do Institutions Own?
Every investor in The Goodyear Tire & Rubber Company (NASDAQ:GT) should be aware of the most powerful shareholder...

Yahoo Business
Oct 22, 2019

Could GoPro, Inc.'s (NASDAQ:GPRO) Investor Composition Influence The Stock Price?
If you want to know who really controls GoPro, Inc. (NASDAQ:GPRO), then you'll have to look at the makeup of its share...

Yahoo Business
Oct 22, 2019

World's Priciest Oil Auction May Raise $50 Billion in Brazil
(Bloomberg) -- An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway's reserves. Winners at the Nov. 6 auction are expected to pay $25 billion in licensing fees, plus share a portion of their production with the government.In addition, bidders will need to negotiate payments to state-controlled Petroleo Brasileiro SA for investments it has already made in the area. Those payments could add another $25 billion to $45 billion in costs, according to officials familiar with government figures who asked not to be named because the information is private.The auction is unique in part because one of the four areas being offered is already gushing more than half of the daily output from Venezuela. It's a rare opportunity for an industry more accustomed to exploring riskier offshore prospects that can take a decade or more to develop.Fourteen producers -- including Petrobras -- have signed up to participate in the auction.Petrobras didn't respond to requests for comment. The Brazilian oil regulator, known as ANP, declined to comment on the total amount the auction could raise. It said payments to Petrobras will be negotiated between the company and its partners, without government interference.The offeri

Yahoo Business
Oct 22, 2019

McDonald's Q3 earnings miss expectations, stock tumbles
Mcdonalds reported a miss on profit and sales in its third quarter earnings, and investors are disappointed. Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Heidi Chung break down the numbers.

Yahoo Business
Oct 22, 2019

Certain American men are dying 'deaths of despair'
The geography of despair is concentrated in America's heartland, states that voted for Trump and have been suffering from manufacturing declines.

Yahoo Business
Oct 22, 2019

UAW strike against GM enters sixth week
The United Auto Workers strike against General Motors is entering its sixth week, and it's taking a big toll on the auto company. Yahoo Finance's Brian Sozzi, Alexis Christoforous and Rick Newman discuss on The First Trade.

Yahoo Business
Oct 22, 2019

Warren Steps Into Repo Market Turmoil, Asks Mnuchin for Answers
(Bloomberg) -- Senator Elizabeth Warren waded into last month's turmoil in short-term funding markets, warning Treasury Secretary Steven Mnuchin not to use the incident as a rationale for weakening post-financial crisis regulations.Warren, a front-runner in the race to challenge Donald Trump in the 2020 U.S. presidential election, sent a letter to the Treasury on Friday. In it, she sought Mnuchin's views on what triggered the spike in rates for repurchase agreements and expressed concern about potential costs to businesses and consumers if strains persist.She also set herself up for another fight with Wall Street, citing an article reporting that large banks were using the repo-market chaos to pressure the Federal Reserve to weaken liquidity rules they despise. Warren said she's concerned the Financial Stability Oversight Council, whose chair is Mnuchin, might support those efforts."These rules were designed to ensure that banks have enough cash on hand to meet their obligations in the event of another market crash," Warren said. "Banks are reporting profits at record levels, and it would be painfully ironic if unexplained chaos in a small corner of the banking market became an excuse to further loosen rules that protect the economy from these types of risks."The Treasury Department declined to comment.Banking industry complaints about regulations have gotten louder since the mid-September dislocation. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Oct. 15 that the bank had the mo

Yahoo Business
Oct 22, 2019

Edited Transcript of GPC earnings conference call or presentation 17-Oct-19 3:00pm GMT
Q3 2019 Genuine Parts Co Earnings Call

Yahoo Business
Oct 22, 2019

Bristol-Myers' immunotherapies show promise in lung cancer trial; shares rise
Bristol-Myers Squibb Co said on Tuesday an interim analysis of a late-stage trial testing a combination of its immuno-oncology drugs Opdivo and Yervoy met the main goal of extending life of previously untreated lung cancer patients. The company said its therapies when administered alongside two courses of chemotherapy demonstrated superior overall survival compared to chemotherapy alone in patients with advanced non-small cell lung cancer, the most common form of the disease. Data presented at a medical meeting last month showed that about 40% of patients with advanced lung cancer on the Opdivo-Yervoy combination were alive after two years, outperforming chemotherapy as a first-line treatment.

Yahoo Business
Oct 22, 2019

Calculating The Intrinsic Value Of Gardner Denver Holdings, Inc. (NYSE:GDI)
Does the October share price for Gardner Denver Holdings, Inc. (NYSE:GDI) reflect what it's really worth? Today, we...

Yahoo Business
Oct 22, 2019

Where General Dynamics Corporation (NYSE:GD) Stands In Terms Of Earnings Growth Against Its Industry
Examining General Dynamics Corporation's (NYSE:GD) past track record of performance is an insightful exercise for...

Yahoo Business
Oct 22, 2019

Are Insiders Selling Eagle Materials Inc. (NYSE:EXP) Stock?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

Yahoo Business
Oct 22, 2019

Is Dollar General's (NYSE:DG) 162% Share Price Increase Well Justified?
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a...

Yahoo Business
Oct 22, 2019

Can You Imagine How Chuffed CSX's (NASDAQ:CSX) Shareholders Feel About Its 133% Share Price Gain?
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a...

Yahoo Business
Oct 22, 2019

COLUMN-Sustainability the new battleground for aluminium producers: Andy Home
The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It's not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month.

Yahoo Business
Oct 22, 2019

Ambev to launch Brazil's first canned water by year-end, executive says
Brazilian beverage firm Ambev SA will launch its first canned water by year-end, following a global trend to step up recycling and phase out plastic containers as consumers shift towards greener alternatives, a company executive said. The move is part of a push by parent Anheuser Busch InBev to adopt more sustainable practices, and comes as other multinationals, such as Coca-Cola Co, PepsiCo and Nestle also launch canned water elsewhere. In Brazil, Ambev will start using its breweries in the southeastern state of Rio de Janeiro to produce its water brand AMA in aluminum cans to be distributed countrywide, its head of sustainability, Richard Lee, told Reuters in an interview.

Yahoo Business
Oct 22, 2019

Violent Protests Over Living Costs Send Chile ETF Reeling
A Chile country-specific ETF plunged Monday after violent protests over the weekend caused the military to intervene, and a state of emergency was enacted in the capital city of Santiago.

Yahoo Business
Oct 22, 2019

Does Chesapeake Energy Corporation's (NYSE:CHK) CEO Salary Reflect Performance?
Doug Lawler became the CEO of Chesapeake Energy Corporation (NYSE:CHK) in 2013. First, this article will compare CEO...

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