Editors’ Picks – Page 44

4. 8. 2020 No Responses

Raytheon Technologies 2Q Results & Outlook

Technologies Corporation (NYSE: RTX, Market capitalization: $86.59 billion), a leading aerospace and defense company, reported robust 2Q20 results, beating the consensus revenue and Adjusted EPS comprehensively. The Company reported an adjusted sales of $14.3 billion in 2Q20 compared to $11.3...

3. 8. 2020 No Responses

TikTok countdown: Trump to give Chinese owner 45 days ultimatum

United States President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter told the Reuters News Agency. US officials have said...

1. 8. 2020 No Responses

Apple’s partners and Samsung apply for India’s $6.6 billion program

Apple’s partners and Samsung apply for India’s $6.6 billion local smartphone production program. South Korean giant Samsung, Apple’s contract manufacturing partners Foxconn, Wistron and Pegatron, and Indian smartphone vendors Micromax and Lava among ...

1. 8. 2020 No Responses

Bullying works! ByteDance Caves To Trump

ByteDance caves to Trump, agrees to sell 100% of TikTok to Microsoft. President Trump’s insistence that the White House will ban the social-media app TikTok from the US triggered a wave of hysteria among users of the app: whatever will the...

29. 7. 2020 No Responses

Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes

Boeing reported another dismal quarter, helping the company emerge as one of the companies most directly impacted by the global covid pandemic. For the second quarter Boeing, which said that results are still significantly impacted by Covid-19, reported a 25%...

28. 7. 2020 No Responses

Fed Extends Emergency Lending Programs Through End Of Year

US stock prices are at record highs and credit spreads near record lows amid hopes and prayers for the v-shaped recovery which has already sent US macro surprise data soaring. But, it appears The Fed is not buying the bounce...

26. 7. 2020 No Responses

Hubble’s brand new image of Saturn

Yes, this is a real image of Saturn. NASA’s Hubble Space Telescope captured a new, exceptionally crisp picture of the ringed gas giant in early July, and the space agency posted the image of the planet on Thursday. “Hubble’s sharp...

25. 7. 2020 No Responses

Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Jeffrey Gundlach, the billionaire chief investment officer of DoubleLine Capital, was quoted by Reuters on Friday as saying the stock market’s parabolic move in the last couple of months reminds him of the days right before the Dot Com bust. Gundlach,...

24. 7. 2020 No Responses

Intel’s 7nm is Crap, Company Announces Delay Until 2022, 2023

Intel announced today in its Q2 2020 earnings release that it has now delayed the rollout of its 7nm CPUs by six months relative to its previously-planned release date, undoubtedly resulting in wide-ranging delays to the company’s roadmaps. Intel’s...

22. 7. 2020 No Responses

Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter, New Study Finds. With every passing day, the bizarre central banks orchestrated freakshow that was once known as the “market” gets even more bizarre. And we use the term “market” in its loosest, l...

21. 7. 2020 No Responses

U.S. Fracking Services Pioneer Files For Bankruptcy

Tomball-based BJ Services LLC has filed for Chapter 11 bankruptcy protection, bringing hundreds of millions of dollars in debt to the court. BJ, an oil field services company partially owned by Houston-based Baker Hughes Co. (NYSE: BKR), is looking to...

20. 7. 2020 No Responses

Chevron will buy Noble Energy for $5 billion, the biggest oil deal since the oil crash

Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the pandemic decimated the oil industry. Noble shareholders will receive Chevron stock in this all-stock transaction. Chevron shares traded in...

17. 7. 2020 No Responses

Massive outage hits Cloudflare

The US-based company that offers DDoS protection to its customers, reportedly came under a distributed denial of service cyber attack itself. A major outage has reportedly struck Cloudflare, a website-security company that caters to an array of websites, shutt...

15. 7. 2020 No Responses

Boeing has lost more than 800 orders for the 737 MAX this year

Also Boeing’s Q2 commercial airplane deliveries drop 78% from last year. Though Boeing now anticipates U.S. federal approval to unground its 737 MAX in September, company data released Tuesday shows that in the first half of this year the manufacturer l...

13. 7. 2020 No Responses

Ford unveils new Bronco for under $30,000

Ford unveiled its new “family” of Bronco SUVs Monday night, including two- and four-door Bronco SUVs as well as a smaller Bronco Sport SUV. The Bronco models are clearly positioned against Fiat Chrysler’s Jeep brand. Ford Motor is taking a run...

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