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Among companies that advertised during the big game, these generated the highest positive social media activity as measured by LikeFolio.
Yahoo Finance checks in with Carvana founder and CEO Ernie Garcia on car buying demand amidst the COVID-19 pandemic.
Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay, Amazon.com and Alibaba, a Reuters review of the sites shows. The findings come at a time when skin lightening, a multi-billion dollar industry especially popular in Asia, Africa and the Caribbean, is under renewed criticism for promoting light skin as a beauty ideal. Many countries ban or restrict mercury in creams, which can damage the kidneys, brain and nervous system.
With a goal of electric vehicles (EVs) accounting for two-thirds of global sales in 2030, Honda Motor (NYSE: HMC) has just taken a step to shore up its battery supply. The automaker announced today that it has entered into an agreement with Contemporary Amperex Technology Ltd., otherwise known as CATL, to fortify their positions in the area of battery technology -- particularly for battery EVs. According to Honda, the "agreement will enable the two companies to begin discussions on a broad range of areas including joint development, stable supply, and the recycling and reuse of batteries."
PepsiCo's (PEP) organic revenues for the second quarter are expected to have been marred by uncertainties related to the coronavirus outbreak and higher costs, offset by enhanced digital presence.
AB InBev (BUD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Today we will run through one way of estimating the intrinsic value of The Coca-Cola Company (NYSE:KO) by estimating...
Japan's Honda Motor Co Ltd will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the companies said on Friday. The move comes at a time when auto manufacturers and EV battery makers are joining forces in pursuit of an electric future. CATL, based in Ningde, said last year it would develop batteries with Honda and also supply batteries to Tesla, Toyota and Volkswagen AG.
(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son has enjoyed a $12 billion renaissance the past three months, easing the pressure on his intricately engineered personal finances.With SoftBank Group’s shares surging to their highest price in two decades on Thursday, Son’s net worth hit $20 billion, more than doubling from $8.4 billion in March, according to the Bloomberg Billionaires Index. It is the first time the 62-year-old’s fortune has topped $20 billion since January 2013, when the ranking first started tracking his wealth.The calculation excludes about $13.3 billion of his SoftBank Group shares pledged as collateral, representing some 40% of his stake, according to regulatory filings. A further 26% of his holding is lent out for a fee to different entities, mostly brokerages, likely to add liquidity to the market. Those shares are included in Son’s net worth calculation because he retains control over them.“For those lending shares, it’s about creating incremental revenue,” said Andrew Dyson, chief executive officer of the International Securities Lending Association. He noted such transactions ease the execution of trades, while enabling hedging and shorting strategies. “Lending out securities generates hundreds of millions of dollars in fees a quarter.”SoftBank Group shares have surged 133% from a low in March, taking the Tokyo-based company’s market value to $123 billion. While its Vision Fund lost almost $18 billion in the latest fiscal year as it wrote down the value of investments in WeWork, Uber Technologies Inc. and others, record equity buybacks and a series of wins have helped the stock recover. SoftBank Group sold part of its stake in T-Mobile US Inc. last month, and an online home-insurance provider that it’s backing more than doubled on its U.S. debut earlier in July.While Son’s strategies are common among the wealthy, market volatility earlier this year showed that personal stock pledges, coupled with a heavy debt load, can bring risks. The pandemic-induced turmoil that sank equities resulted in some margin calls. Some individuals had to stump up collateral to avoid defaulting, and others had to liquidate at depressed prices. Chinese mogul Lu Zhengyao and Markus Braun of German fintech company Wirecard AG offer extreme examples of the risks of pledging shares.Even stock lending worries some. Japan’s largest pension fund said in December it would stop the practice because it creates a vacuum in ownership when equities change hands.SoftBank Group’s buoyant share price means such risks are remote for now. Son’s pledged stock is valued at almost triple the loan amount he said in a May earnings presentation he has received, according to calculations by Bloomberg.SoftBank Group declined to comment on Son’s personal finances.(Updates stock move and market cap in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
T-Mobile (TMUS) closed the most recent trading day at $106.17, moving -0.41% from the previous trading session.
For investors who have watched COVID-19 put the global automotive industry through pain, whether it's suppliers, manufacturers, dealerships, or many others, there's a glimmer of hope that automakers could recover from China's slump sooner than originally believed. Ford sold nearly 159,000 vehicles during the second quarter. Ford's transit commercial vehicles grew 60.9% compared to the prior year, and Lincoln luxury vehicles gained 12%.
Top Research Reports for Apple, Microsoft & TMobile
USD/CAD failed to settle below the support at 1.3500 and rebounded closer to the resistance at the 20 EMA at 1.3590.
There's a lot to love about dividend stocks. For starters, they can potentially provide two sources of profit: the income from the dividends themselves and the increase in the stock price. You should look closely when evaluating dividend stocks.
(Bloomberg) -- Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he’s made for years but been unable to achieve.The chief executive officer has long offered exuberant takes on the capabilities of Tesla cars, even going so far as to start charging customers thousands of dollars for a “Full Self Driving” feature in 2016. Years later, Tesla still requires users of its Autopilot system to be fully attentive and ready to take over the task of driving at any time.Tesla’s mixed messages have drawn controversy and regulatory scrutiny. In 2018, the company blamed a driver who died after crashing a Model X while using Autopilot for not paying attention to the road. Documents made public last year showed the National Highway Traffic Safety Administration had issued multiple subpoenas for information about crashes involving Tesla vehicles, suggesting the agency may have been preparing a formal investigation of Autopilot.Read more: Businessweek’s October 2019 cover story on Tesla AutopilotWhile other self-driving developers have tempered expectations for when their technology will be ready for deployment, Musk is undeterred. He said in a prerecorded video played Thursday during the World AI Conference in Shanghai that Tesla is “very close” to level five autonomy, meaning its cars won’t require human intervention.“I remain confident that we will have the basic functionality for level five autonomy complete this year,” Musk said. “I think there are no fundamental challenges remaining for level five autonomy. There are many small problems, and then there’s the challenge of solving all those small problems and then putting the whole system together, and just keep addressing the long tail of problems.”Shares of Tesla rose as much as 3.1% to $1,408.56 in early New York trading on Thursday.Musk’s view contrasts with Alphabet Inc.’s Waymo, which recently acknowledged it will be relying on human safety drivers to back up its robotaxis for many years to come. General Motors Co.’s Cruise last year backed off plans to make autonomous vehicles available for hailing rides and hasn’t set a new timetable for when such a service will be ready.Related: The State of the Self-Driving Car Race 2020Musk, 49, has repeatedly described autonomous driving as transformative for Tesla. He’s not alone in this sense: Cruise CEO Dan Ammann has estimated there will be a $1 trillion addressable market in the U.S. for autonomous ride hailing.During Thursday’s video, Musk said that original engineering on Tesla technology is an important facet of the company’s operations in China, which are anchored by its massive new factory near Shanghai.(Updates with shares in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Un-carrier is reinforcing its commitment in the Kansas City community and introducing T-Mobile Center, formerly Sprint Center.
T-Mobile, Macy's, JPMorgan Chase, Delta Air Lines and MCHI highlighted as Zacks Bull and Bear of the Day
Only once corporate sponsors take action does it spur change from pro sports leagues, because it represents a threat to revenue.
Here we pick five large-cap Nasdaq stocks that are positioned to grow on solid prospects in the rest of 2020.
It’s a relatively quiet day on the economic calendar. Expect the weekly jobless claims from the U.S, Brexit, and COVID-19 to draw attention.
The White House CEO dinner on Wednesday evening with Mexican President Andres Manuel Lopez Obrador will have some notable absences among corporate invitees - one because of a positive coronavirus test. American Farm Bureau President Zippy Duvall tested positive for COVID-19 on Wednesday morning, after he experienced a fever and a cough, and will not attend the dinner, a spokeswoman for the trade group said. The dinner, in the White House's East Room, is the most prominent state-level social event hosted by the Trump administration since coronavirus lockdowns began in March.
A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co <GM.N> had filed against smaller rival Fiat Chrysler Automobiles NV <FCHA.MI><FCAU.N>, saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations. GM officials said in statement they "strongly disagree" with the order by U.S. District Court Judge Paul Borman, whom the automaker had sought to have removed from the case, and would appeal. "There is more than enough evidence from the guilty pleas of former FCA executives to conclude that the company engaged in racketeering, our complaint was timely and showed in detail how their multi-million dollar bribes caused direct harm to GM," GM said in a statement.
PepsiCo will report earnings on Monday. The charts point to a tightening range that will hopefully be resolved by the quarterly results.