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While Jamie Dimon isn't expected to leave anytime soon, the executive shuffle at JPMorgan could be 'hugely significant' for succession.
The company also reported the success of its existing effortsaround recycling and refurbishing older Apple devices, and keeping electronicwaste from landfills
Qualcomm Surges on Apple Settlement and Intel's 5G Chip Exit(Continued from Prior Part)Intel’s exit from the 5G phone business On April 16, Intel (INTC) announced that it is planning to exit the 5G smartphone modem market, as it wants to put its
A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The ruling boosts a potential effort by the board to recover billions of dollars in payments made to bondholders should a federal court hearing Puerto Rico's bankruptcy cases choose to invalidate disputed debt issued by the government and its agencies. U.S. Magistrate Judge Judith Gail Dein's order said "good cause exists" to grant the board's motion, which seeks to compel banks to submit bondholder names and addresses along with Puerto Rico debt payments the bondholders received between 2013 and 2017.
The Latest on PINS, AAPL, IBM, and NFLX(Continued from Prior Part)Uber Eats now has Apple Pay support in nearly 20 marketsRide-hailing giant Uber has announced that it has added Apple Pay support to its food delivery service, Uber Eats, as well in
The Latest on PINS, AAPL, IBM, and NFLX(Continued from Prior Part)IBM’s revenue fell for the third straight quarterIBM’s (IBM) stock was down over 4% on Wednesday, April 17, after it reported another disappointing set of numbers for the most
Berkshire-Backed StoneCo Tumbles after ITUB Ups Ante(Continued from Prior Part)BuffettApple (AAPL) was Berkshire Hathaway’s (BRK-B) biggest holding at the end of the fourth quarter. Markets were surprised when Berkshire’s 13F revealed that the
The smartphone industry has been losing steam for the last few years, with negative growth in 2018. Consumers don???t feel as strong of a need to replace their smartphones when the improvements made on the new models are becoming increasingly marginal.
Semiconductor ETFs Trade at 52-Week High: Time to Sell?(Continued from Prior Part)Semiconductor ETFs’ price momentum The iShares PHLX Semiconductor ETF (SOXX) and the VanEck Vectors Semiconductor ETF (SMH) hit a new 52-week high on April 17 due to
Semiconductor ETFs Trade at 52-Week High: Time to Sell?SMH hits a new 52-week high The VanEck Vectors Semiconductor ETF (SMH) hit a new 52-week high of $118.83 on April 17, driven by a more-than-20% increase in Qualcomm’s (QCOM) stock and
Qualcomm Surges on Apple Settlement and Intel's 5G Chip ExitQualcomm stock rose Qualcomm (QCOM) stock soared ~12.3% on April 17 to $79.08 as investors continued to celebrate the chipmaker’s announcement on April 16 that it had settled its
How Verizon and AT&T Are Battling It Out This Month(Continued from Prior Part)Verizon wants parents to have peace of mind This month, Verizon (VZ) launched a special smartphone plan just for kids, describing it as a first from a major wireless
Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. The lawsuit, made public on Thursday, was filed by the restructuring team winding down Sears' bankruptcy estate and suing on behalf of creditors, many of whom blame Lampert for the retailer's downfall. The complaint seeks the repayment of "billions of dollars of value looted from Sears," including while it was in what Lampert would later call a "death spiral" where it sold core assets to meet daily expenses with no real plan for becoming profitable.
JPMorgan director Mellody Hobson, George Lucas’s wife, disclosed that The GWL Living Trust bought $2 million more of the bank’s stock. The trust now owns 75,355 JPMorgan shares.
How Verizon and AT&T Are Battling It Out This Month(Continued from Prior Part)Verizon rolls out a music bonus for loyal customers Amid tightening competition for customers in America’s mostly saturated wireless market, Verizon (VZ) is betting
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
Tracking the movements of hedge fund managers can give investors a wealth of ideas. Here are three intriguing companies hedge funds have been buying up recently.
Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings. "All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature," Pinterest Chief Financial Officer Todd Morgenfeld said. Zoom Video Communications Inc shares also surged in the U.S. video conferencing company's first day of trading on Thursday, closing 72 percent above their IPO price of $36.