Yahoo Finance's Kumutha Ramanathan has the latest from London.
Yahoo Finance's Kumutha Ramanathan has the latest from London.
The former Twilight star has undergone a real transformation for the upcoming film.
A new TikTok hack has customers stacking up their drink cups. The post A new McDonald’s drink hack is going viral — thanks to David Dobrik appeared first on In The Know.
The Facial Recognition Market will grow by USD 3.35 bn during 2020-2024
As England’s third national lockdown continues, read our guide to plan your next online food shop
McCarthy plans to have conversation with Ms Greene about ‘deeply disturbing’ comments
The president is outlining a number of plans at the White House to address the climate crisis and swiftly reverse Trump administration policies on energy and the environment
The "Iran Crude Oil Refinery Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Saudi Arabia’s flagship investment conference began on Wednesday with top global asset managers predicting that 2021 would bring a return to growth as nations get the Covid-19 pandemic under control -- and with it a rise in inflation.“We will see a rebound in growth and a rebound in inflation,” Bridgewater’s Ray Dalio said during the opening panel of the Future Investment Initiative, or FII. “With that, you’re also going to see a pick up in deficits,” leading governments to sell more bonds.That view was shared by BlackRock Chief Executive Larry Fink, who predicted that developed countries would likely reach herd immunity around September. “I think we are going to have a huge amount of job creation, but all these elements are highly potentially inflationary.”Saudi Crown Prince Mohammed bin Salman’s signature event will host top global executives like Goldman Sachs Group Inc.’ David Solomon, Blackstone Group Inc.’s Steven Schwarzman and SoftBankCorp.’s Masayoshi Son.BlackRock’s Fink Sees a Return to Growing Inflation (4:46 p.m.)“It is fair to assume we are going back into an era of growing inflation,” Fink said, predicting that developed countries would establish herd immunity against Covid-19 around September.China’s Currency May See More Demand, Says Dalio (4:36 p.m.)China is moving toward “internationalization” of its currency which may see more demand, Dalio said. Last year was a defining one for China, he added, and it did a “remarkable” job differentiating growth and developing attractive markets for foreign investors.Credit Suisse CEO Says UK Will Recover from Brexit Challenge (4:34 p.m.)Credit Suisse Chief Executive Officer Thomas Gottstein said the UK would eventually recover from the challenges posed by its withdrawal from the European Union.“I’m convinced that also the UK will do just fine over time,” he said. “In the short term it (Brexit) is a challenge.”Saudi’s Public Investment Fund Chief Says Investing in Tech, Pharma (4:30 p.m.)Yasir Al-Rumayyan, who heads Saudi Arabia’s sovereign wealth fund, said the PIF was investing in a full spectrum of technology, early stage autonomous driving and pharmaceuticals but is concerned about the growing power of larger tech firms.“We are worried not only from the valuation standpoint about how some of these technology companies are having bigger powers,” he said, “and a lot of the regulators in the world are beginning to be more concerned.”Rumayyan also said he was increasingly cautious about the disconnect between “real economy and financial markets”BlackRock’s Fink Says Fundamentals Favorable in 2021 (4:26 p.m.)“The fundamentals going into 2021 and beyond are pretty favorable for long-term investors,” BlackRock Inc. Chief Executive Officer Larry Fink said. He also said $50 trillion needs to be put to work to get to net carbon zero.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Former Blues midfielder Lampard was dismissed after 18 months in charge on Monday
(Bloomberg) -- U.S. equities dropped alongside European stocks as a risk-off mood descended on markets. The dollar jumped the most since June and Treasury yields fell.The S&P 500 Index headed to its biggest decline in three months, losing about 2%, with small-cap stocks faring even worse. Turmoil continued in pockets of the market where retail traders are becoming a dominant force, with shares of Gamestop Corp. and AMC Entertainment Holdings Inc. soaring as investment pros questioned whether there’s any rationale behind the moves.The Stoxx Europe 600 Index declined the most in five weeks as the European Union and AstraZeneca Plc disagreed over vaccine delivery delays. The euro fell after a European Central Bank official said it has the necessary tools to avoid further strengthening of the currency. Officials in the U.K. announced new rules to try to curb the spread of Covid-19 and Germany cut its 2021 economic growth forecast to 3% from 4.4%.An extended run higher for stocks has taken a pause this week as investors look to a spate of earnings releases for clues about the health of the corporate world and global economy. Meanwhile, attention Wednesday will be focused on the Federal Reserve policy meeting and the possibility of guidance about the future of its asset purchase program.Elsewhere, Bitcoin fell below $30,000 and precious metals slumped. Asian stocks fell for a second day as investors took a breather following the regional benchmark’s ascent to a record high Monday. In the region, benchmarks in India, Vietnam and the Philippines were among the biggest losers.These are some key events coming up in the week ahead:Apple Inc., Tesla Inc., Facebook Inc. and Samsung Electronics Co. are among companies reporting results.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksThe S&P 500 Index fell 2% as of 9:49 a.m. New York time.The Stoxx Europe 600 Index declined 1.9%.The MSCI Asia Pacific Index fell 0.7%.The MSCI Emerging Market Index dipped 1.3%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.8%.The euro fell 0.8% to $1.2064.The British pound weakened 0.5% to $1.3665.The Japanese yen fell 0.5% to 104.14 per dollar.BondsThe yield on 10-year Treasuries fell three basis points to 1.00%.Germany’s 10-year yield fell two basis points to -0.56%.Britain’s 10-year yield fell two basis points to at 0.25%.CommoditiesWest Texas Intermediate crude fell 1.1% to $52.06 per barrel.Gold fell 0.9% to $1,835.05 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
‘Just do the math’, said Susan Collins as colleagues hailed trial against Donald Trump being ‘over’ before it begun
As President Biden pushes to send a third round of stimulus checks to most households, finance guru Suze Orman recommends Americans prioritize bills and focus on building a 12-month emergency fund.
Ark Invest is known for its focus on investing in disruptive technologies, and industrial software company PTC (NASDAQ: PTC) certainly fits the description. The stock is one of the top 10 positions in ARK's 3D Printing ETF (NYSEMKT: PRNT) largely due to its computer-aided design (CAD) software.
Yesterday, the CPS was accused of ‘systemic illegality’ in its approach to prosecuting rape cases – there is something very wrong with a criminal justice system that allows so many of those accused of serious sexual offences to walk free
(Bloomberg) -- Boeing Co. pushed back the debut of its 777X jetliner and said it would absorb a $6.5 billion pretax charge, citing the coronavirus pandemic and close regulatory scrutiny of its newest plane. The first delivery of the behemoth 777X won’t be until late 2023, three years behind the initial schedule, Boeing said in an earnings statement Wednesday. Additional writedowns brought total charges to $8.3 billion, with hits to the company’s services division and a military tanker, to close out one of the worst years in th U.S. planemaker’s century-long history.Boeing is working its way out of a grinding slump brought on as the pandemic worsened the financial pressures from the long grounding of the company’s 737 Max following two deadly crashes. Troubles have also been mounting for another critical jet program, the 787 Dreamliner, while new strains of the coronavirus threaten to postpone a much-anticipated recovery in global travel.”I’m sure glad 2020 is in the rear-view mirror,” Boeing Chief Executive Officer Dave Calhoun said in an interview on CNBC. While investors may have been surprised by the laundry list of charges that the company revealed, “they don’t cloud my view of the future, and the company’s view of the future.”Boeing fell 3.8% to $194.45 at 9:39 a.m. in New York amid broad market declines. The shares tumbled 37% during the 12 months through Tuesday, the worst performance on the Dow Jones Industrial Average.“It’s hard to see much upside here,” Citigroup Inc. analyst Jonathan Raviv said in a note to clients. The results are “reminder that the Covid impacts are long-lasting and reflect the reality that aero is ‘lower-for-longer.’”Boeing declined to provide financial guidance for 2021, a contrast with suppliers such as General Electric Co. and Raytheon Technologies Corp., which offered forecasts when they reported earnings Tuesday. Investors will be looking for more detail from Boeing on the Max recovery, 777X delays and 787 issues when Calhoun and his colleagues host a conference call with analysts at 10:30 a.m. Eastern time.The Chicago-based company burned through $4.27 billion in the fourth quarter, more than the $4 billion average of analyst estimates compiled by Bloomberg. Sales fell 15% to $15.3 billion, slightly better than expected.The U.S. manufacturer’s finances have been squeezed after it delivered just 157 jetliners last year, the lowest total in decades, versus 566 jet shipments by rival Airbus SE.“This whole new strain and the second wave, we all knew it was coming,” Ken Herbert, an analyst with Canaccord Genuity, said in an interview before the results were announced. “It’s just more than anyone expected three or four months ago.”In one encouraging sign, Boeing said it has delivered more than 40 Max jets since the U.S. grounding ended in November and five airlines have returned the model to service. Boeing is relying on handing over more of the single-aisle jets this year to bolster cash generation and fuel a financial turnaround.The delay of the 777X adds a new drag, however, as demand languishes for twin-aisle planes built to carry passengers across oceans. Designed as the heir to the 747 jumbo, the updated 777 features wings so long that the hinged tips flip upward when it taxis around airports.(Updates with CEO comment in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
M&T Bank is partnering with Point Predictive to provide frictionless fraud detection capabilities that seamlessly integrate into the customer journey.
The "Rail Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
At least four people are said to still be in the 100 foot network of tunnels that activists have dug.
(Bloomberg) -- Day traders have pushed BlackBerry Ltd.’s share price to levels not seen in more than nine years. They’ve also given a jolt to a Canadian investment company that got crushed in last spring’s market crash.BlackBerry soared 22.6% to $23.19 as of 9:38 a.m. in New York on Wednesday, bringing its gain for the year to nearly 250%. That is repaying the patience of Prem Watsa and his Fairfax Financial Holdings Ltd., which owns 8.3% of the software firm’s shares.Once the toast of the mobile tech world, BlackBerry failed to keep pace with competitors including Apple Inc. and the stock lost most of its value in 2010 and 2011. Around that time, Watsa, a value investor who has tried to model Fairfax after Berkshire Hathaway Inc., began building a large stake, which also includes convertible debentures with a conversion price of $6 each that could be turned into 55 million shares.The run-up in BlackBerry shares this year would drive a pretax gain of about $1.16 billion for Fairfax in the first quarter, Phil Hardie, a Toronto-based analyst at Bank of Nova Scotia, told clients in a note before markets opened on Tuesday. Hardie upgraded his recommendation on Fairfax’s shares to a buy-equivalent.Fairfax closed at C$488.94 on Tuesday. With a 12.7% gain as of Tuesday’s close, it’s the best-performing financial stock in the S&P/TSX Composite Index this year after being one of the worst in 2020 with a 29% drop.Scotiabank’s most bullish scenario for Fairfax “implies almost 50% upside and assumes that the stock sheds its valuation discount and trades at book value, with Fairfax locking in recent gains in BlackBerry through hedging or monetizing its position,” Hardie wrote. Fairfax didn’t respond to a request for comment.Watsa has been waiting for such a payoff for years. Fairfax even organized a bid to take BlackBerry private in 2013 -- the same year the latter changed its name from Research In Motion Ltd. -- then abandoned it in favor of a bond deal and management shakeup that brought in John Chen as chief executive officer.Despite an unrealized loss of $50 million on the investment as of 2019, Fairfax’s letter to shareholders last March made clear Watsa still believed in the CEO, who has focused BlackBerry on enterprise software. “We continue to support John Chen as he works diligently to make BlackBerry a growth company again,” Watsa wrote.The sudden rise has been partly fueled by Reddit forums and social media channels where retail speculators seek out unloved or heavily-shorted stocks like GameStop Corp., hoping to drive them up quickly.RBC Capital Markets downgraded its recommendation on BlackBerry to a sell-equivalent Tuesday, citing the torrid rally and unchanged fundamental outlook. Analyst Paul Treiber kept his price target at $7.50. Scotiabank also elected to cut BlackBerry’s stock rating to a sell-equivalent early Wednesday, as analyst Paul Steep calling the share run “overdone.” Still, shares are gaining about 11% in premarket trading Wednesday.Watsa, 70, founded Fairfax in 1985, following Warren Buffett’s strategy of using insurance float as a way to build an investment portfolio. With a market value of more than C$14 billion it’s a fraction of Berkshire’s size, though it’s more than twice as large as buyout firm Onex Corp.(Updates with Wednesday share move in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Don’t miss out on the brand’s bestselling bronzer, mascara, moisturiser and more