Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
Collin Sexton scored 29 points and Andre Drummond had 23 points, 16 rebounds and five steals against his former team, Cleveland Cavaliers to a 122-107 victory over the Detroit Pistons on Wednesday night. Taurean Prince added 16 points and rookie Isaac Okoro had 10 points and a season-high six assists to help the Cavaliers snap a two-game losing streak and improve to 9-9.
Buddy Hield scored a season-best 29 points, hitting hit seven 3-pointers, and the well-rested Sacramento Kings beat the Orlando Magic 121-107 on Wednesday night. Sacramento was playing for the first time since Friday after two games were cancelled because of COVID-19 protocols with the Memphis Grizzlies. The Kings proved themselves to be rested and ready in taking apart the Magic for their second road victory of the season.
‘It’s better to have common rules and a common verification system’, the ex-premier said.
Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world's second-largest oil consumer, also sought to limit Lunar New Year trips to stem a surge in COVID-19 cases. U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.1%, to $52.72 a barrel at 0228 GMT, erasing some of Wednesday's gain. Brent crude futures fell 16 cents, or 0.3%, to $55.65 a barrel, after losing 10 cents on Wednesday.
The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession. That hasn't happened, and in the statement released after the end of their latest two-day meeting, U.S. central bank policymakers flagged a worrying slowdown in the pace of the recovery. In a news conference after the meeting, Fed Chair Jerome Powell noted the economy’s resilience, with major industries like housing, financial services and others adapting to the coronavirus pandemic with new technologies and strategies.
Mexican President Andres Manuel Lopez Obrador was progressing well with minimal symptoms of COVID-19, a senior health official said on Wednesday. Lopez Obrador, 67, was experiencing brief episodes of fever and a minor headache, but "virtually no other discomfort," Deputy Health Minister Hugo Lopez-Gatell said during a regular government news conference. "He is still very active, not only with minimal symptoms, but he continues to carry out his functions," Lopez-Gatell said.
CP earnings call for the period ending December 31, 2020.
Doug McDermott had 28 points, Damontas Sabonis had 22 points, 11 rebounds and 10 assists, and the Indiana Pacers beat the Charlotte Hornets 116-106 on Wednesday night. Sabonis, who was questionable coming into the game with a bruised knee, started and finished 9 of 10 from the field. Malcom Brogdon had 25 points and Justin Holiday chipped in 19 points for the Pacers, who have won three of four.
Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%, with valuations looking stretched given the index had risen more than 6% just this month. Japan's Nikkei fell 1.3%, its sharpest drop since October, and Chinese blue chips 1.5%.
Shares of electric car maker Tesla (NASDAQ: TSLA) sank more than 5% in after-hours trading Wednesday following the release of earnings that investors saw as subpar. Analysts expected Tesla to report $1.01 per share in pro forma profits for its fiscal fourth quarter of 2020. Tesla said it earned only $0.80, despite quarterly sales coming in at a stronger-than-expected $1.07 billion -- up 46% year over year.
HuffPost can also identify three anonymous co-conspirators named in the federal indictment unsealed Wednesday.
Nigerian President Muhammadu Buhari's sudden replacement of his top military commanders may be a welcome change in a country frustrated over a decade-long insurgency, but on the ground, soldiers face a complex mix of conflicts.
The Treasury and Risk Management Software Market will grow by USD 975.62 mn during 2020-2024
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is "expediting" auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips. On Wednesday, Taiwan's economy minister said major Taiwanese chipmakers were willing to prioritise supplies for auto makers, after she met senior company executives including from TSMC. In a statement, TSMC said it was addressing the chip supply "challenges" as their top priority.
Mitch Ballock hit a go-ahead 3-pointer with 41 seconds to play to cap a season-high 29-point performance and No. 17 Creighton overcame a 16-point second-half deficit to beat Seton Hall 85-81 on Wednesday night. Marcus Zegarowski added 18 points, and the Bluejays (12-4, 8-3) used a 14-2 run over the final 2:57 to steal one from Seton Hall (9-7, 6-4). Graduate transfer Bryce Aiken scored a season-high 21 points and Myles Cale had 18 of his 20 in the first half to lead Seton Hall.
(Bloomberg) -- Samsung Electronics Co.’s profit missed analysts’ estimates and the company warned of weaker first-quarter results as smartphone competition intensified and memory prices remained weak.South Korea’s biggest company reported net income in the three months ended December of 6.45 trillion won ($5.84 billion), missing the 7.3 trillion won average of estimates compiled by Bloomberg. Samsung also announced it’ll increase its annual dividend payout to 9.8 trillion won and continue to return 50% of free cash flow to shareholders between 2021 and 2023.Shares fell as much as 2.8% in Seoul on Thursday before recovering.Profit from Samsung’s semiconductor business fell short of estimates because of low memory chip prices, although the company said it expects a recovery in the first half. In the smartphone business, the world’s largest handset maker struggled in the holiday period as Apple Inc. introduced its first 5G-capable iPhones and Chinese rivals put up fierce competition.With a lot of good devices on the market, “there is only so much that Samsung can grab out of it,” said Kiranjeet Kaur, research manager at IDC.Samsung will expand the capacity of its foundry business, which fabricates chips for clients like Nvidia Corp., to meet demand and overcome current supply shortages. It will also “actively” use resources for further strategic facility expansion and “meaningful” acquisitions, the company said.Preliminary numbers released earlier this month showed Samsung’s operating profit rose by 26%.A strong won and costs associated with new production lines weighed on Samsung’s semiconductor business, the company said. Operating profit for the semiconductor unit was 3.85 trillion won, short of the 4.62 trillion estimate from analysts. Currency headwinds and uncertainty around the spread of Covid-19 are likely to have an ongoing negative impact, Samsung warned.Read more: Samsung Surges to New High on Strong Memory Market OutlookDemand for more powerful 5G smartphones along with server inventory buildup is expected to drive a long-awaited rebound in memory chip prices and “analysts are busy upgrading their memory price estimates,” said Yungsan Choi, analyst at Ebest Investment & Securities. Component supplier Murata Manufacturing Co. and chipmaker MediaTek Inc. both anticipate more than half a billion 5G handsets to be shipped this year.Samsung’s business is showing signs of growth at a time when its de-facto leader, billionaire heir Jay Y. Lee, is back in prison following his sentencing on bribery charges. Its foundry business and display panel division both posted quarterly records. The company anticipates “robust” sales of smartphones, having launched its new Galaxy flagship handset family earlier than usual this year.Chipmakers Intel Corp. and Micron Technology Inc. gave a bullish forecast for the first quarter of this year on continued demand for computers and phones that enable working and studying from home. Taiwan Semiconductor Manufacturing Co. is planning another record-breaking year of investment with as much as $28 billion set aside to expand and improve its production capacity at a time of silicon supply shortages affecting everyone from global automakers to mobile tech giants like Apple Inc. and Qualcomm Inc.Samsung’s contract chip manufacturing is expected to expand with the addition of Intel as a customer. The two companies have discussed development and production of Intel’s mainboard chipsets over the last two years and Samsung will produce the chipset at its Austin, Texas plant starting from this quarter, Meritz Securities said in a note.Samsung Is Said to Mull $10 Billion Texas Chipmaking PlantThe existing Austin fab is capable of operating on a 14-nanometer process. With rising expectations of growth in the foundry market, Samsung is considering building a cutting-edge logic chipmaking plant in the region that would be capable of fabricating chips as advanced as 3nm in the future, Bloomberg News reported earlier.(Updates with details from earnings call from 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.
A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp rocketing higher without a clear business reason, market watchers say, squeezing hedge funds that had bet against the video game retailer and other companies that were out of favor on Wall Street. Here are some answers: BEHIND THE SURGE IN INTEREST OF RETAIL INVESTORS: More individuals have invested in stocks during the COVID-19 pandemic, and experts cite a number of reasons. Lockdowns boosted savings, policy stimulus put cash into people's pockets, and extremely low interest rates drove investors to the stock market.
Leto won the Oscar for Best Supporting Actor in 2014 for his role in Dallas Buyers Club
A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors. Shares of GameStop, AMC Entertainment, Koss Corp and BlackBerry all dropped at least 20% moments after the shuttering of the forum, highlighting the role it has played in fueling stock rallies that many say have been driven primarily by retail investors.
Director Fernando Frias new film, Mexican Oscar hopeful “I’m No Longer Here,” gives audiences a look into the American dream, and his deconstruction of it. Rather than cast well-known actors, Frias relied on his casting director to find non-actors to help tell the story of Ulises, played by Juan Daniel Garcia Treviño who goes on […]