MGM has said it will not make a firm offer to buy the UK gambling company Entain, two weeks after its £8bn proposed takeover bid was rejected by the target’s board. “After careful consideration and having reflected on the limited recent engagement between the respective companies regarding MGM’s rejected all stock proposal . . . [MGM] does not intend
Month: January 2021
The cost of shipping goods from China to Europe has more than tripled in the past eight weeks, hitting record highs as a shortage of empty containers stemming from the pandemic disrupts global trade. The cost of shipping a 40ft container from Asia to northern Europe has increased from about $2,000 in November to more
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $2.62 per share, 2.1% higher than a
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop is jumping once again in premarket trading after surging the past three days in what some analysts are calling a short squeeze. The video game retailer’s stock was up more than 57% in Wednesday’s session alone. The stock is
These cities are most threatened to face the crisis of no availability to tap water, also known as … [+] Day Zero. Procter & Gamble Day Zero, the day when tap water will no longer be available, has happened in several places in the world in recent years and is predicted to start afflicting more
The University of Utah is reopening classrooms for the spring 2021 semester.U. of Utah Amid a challenging environment for higher education, the University of Utah is diving into 2021 with $172 million of taxable and tax-exempt bonds. The university is planning to price the new money and refunding debt Jan. 21 through negotiation with book-runner
A Russian judge has begun a hearing into the detention of Alexei Navalny at a makeshift courtroom inside a police station as EU member states threatened new sanctions against Moscow if the opposition activist was not released. Mr Navalny was detained by police at Moscow’s main airport on Sunday evening after returning from Germany where
The Chinese economy grew at a faster rate than before the coronavirus pandemic in the fourth quarter of 2020, official data showed, as industrial production continued to drive the country’s recovery. Gross domestic product growth beat expectations to reach 6.5 per cent in the final quarter of last year, according to figures released on Monday,
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the
Jared Kushner and Ivanka Trump may be saying goodbye to Washington, D.C., next week, but they are landing in an enclave nearly as exclusive. In December, the couple closed on a $32.2 million lot on Indian Creek, a luxury island community in Miami-Dade County, Florida. The village’s population was last tallied at 86 people—several of
Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami’s Emergency Operations Center on May 29, 2019 in Miami, Florida. Joe Raedle | Getty Images Miami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel’s house and on his way back to City Hall
President-elect Joe Biden’s proposed $1.9 trillion coronavirus relief bill would relieve the financial stress on local governments.Bloomberg News Direct federal aid of $350 billion to state and local governments is just one of several ways President-elect Joe Biden’s proposed $1.9 trillion coronavirus relief bill would relieve the financial stress on local governments. Biden’s plan to
Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500 million worth of cryptocurrency futures positions in the past 24 hours. Over leveraged positions
Audi will delay the production of some of its high-end cars because of the “massive” shortage of computer chips that is sweeping across the automotive industry, its chief executive said. The luxury car marque, part of the Volkswagen group, has put more than 10,000 workers on furlough because the chip shortage has slowed its production
Thousands of National Guard troops were flooding into Washington on Saturday as the capital was fortified for the inauguration of Joe Biden, amid fears of a repeat of the violence that killed five people on Capitol Hill on January 6. The Pentagon has approved the deployment of 25,000 National Guard troops for the inauguration, while
Airbnb is preparing to release its highly anticipated shares to the public markets before the year is up. The enterprise stumbled through the COVID-crisis, but it is preparing to soar in the new normal.
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more
When it comes to interior design, 2021 isn’t too different from 2020. Collov Home Design on Unsplash Unlike Chip and Joanna Gaines, the pandemic has been the biggest influence on interior design that no one asked for. At the beginning 2020, designers were touting two-tone kitchens and bold colors as the next big trends. Little
Handmade signs litter the ground after an anti-eviction protest outside a Mount Rainier, Maryland, apartment complex on Aug. 10, 2020. Leah Millis | Reuters Even with the latest coronavirus relief bill, the economic stresses from the pandemic will continue to mount. An assortment of federal, state, and local foreclosure, eviction, and debt collection moratoria have
Federal Reserve Bank of Boston President Eric Rosengren said President-elect Joe Biden’s request for $1.9 trillion in economic relief is needed as growth shows signs of slowing. “It’s a big package, but I think it’s appropriate,” Rosengren said Friday in a CNBC interview. “The economy is in a lull right now, we’ve had a series
Armin Laschet, prime minister of the German state of North Rhine-Westphalia, has been elected leader of the Christian Democratic Union, putting him in pole position to succeed Angela Merkel as chancellor of Europe’s most powerful country. Mr Laschet beat Friedrich Merz, a corporate lawyer, by 521 votes to 466 in a poll held in the
James Murdoch has castigated the US media for the “toxic politics” threatening American democracy, saying proprietors are as culpable as politicians who “know the truth but choose instead to propagate lies”. The remarks by Rupert Murdoch’s youngest son, made in an interview with the Financial Times and a further joint statement with his wife Kathryn,
Kevin Matras shows how to calculate a stock’s price target and how to find stocks currently trading below them. Highlighted stocks include DAR, FCS, GLT, GTIV and WMGI.
Technical Analysis is a key aid used by many traders in making decisions of whether to enter or exit a market. Bar charts and standard Japanese candlesticks are popular types of charts for viewing price data. In this video, we look at a special type of Japanese candlestick chart called Heiken Ashi, explaining in detail
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, January 8, 2021. Kevin Lamarque | Reuters President-elect Joe Biden moves into the White House in the coming week with the biggest stock market tailwind since a presidential Election Day going back to at
The Sherman Oaks home of basketball great Dwyane Wade and actress Gabrielle Union is back on the … [+] market at $5,999,999. Hilton & Hyland It’s a new year and a new price for Dwyane Wade and Gabrielle Union. The retired basketball star and his actress wife are relisting their home in the Los Angeles
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a