GE sells BioPharma unit for $21.4bn, cuts debt as it prepares for virus slowdownAuthor: siraj sarwarLast Updated: April 1, 2020The risk to General Electric’s (NYSE: GE) completed the sale of its BioPharma business for $21.4bn to US conglomerate Danaher, reducing its debt. The sale […]
Warren Buffett’s bet on Occidental Petroleum hits troubleAuthor: Alejandro ArriecheLast Updated: April 1, 2020Embattled Occidental Petroleum may choose to pay its backer, Warren Buffett’s Berkshire Hathaway, more than $800m in annual dividends in stock rather than in cash, […]
Zoom video conferencing stock more than doubles in three monthsAuthor: siraj sarwarLast Updated: April 1, 2020Video conferencing app, Zoom Video (NASDAQ: ZOOM) stock price has jumped by 110% over the last three months, driven by the shift to working from […]
Dell’s R&D Spending Grew 5x to $4.9bn in the Last 5 YearsAuthor: Justinas BaltrusaitisLast Updated: April 1, 2020Dell Technologies’ (NYSE: DELL) expenditure on research and development has significantly grown over the last five years. Data gathered by Learnbonds.com indicates during the 2020 […]
Streaming giant Netflix set to outperform Big Tech rivalsAuthor: siraj sarwarLast Updated: April 1, 2020Netflix (NASDAQ: NFLX) stock is outperforming other US Big Tech giants as investors are betting on the world’s largest streaming service to push ahead during […]
Coronavirus effect: US and UK stock markets suffer worst quarter since 1987Author: Roger BairdLast Updated: April 1, 2020Stock markets on both sides of the Atlantic suffered their worst three months of trading since the 1987 crash. Economists also slashed forecasts for global […]
Will Charles Schwab stock hit $40 again?Author: Galina MLast Updated: April 1, 2020Charles Schwab’s shares are trading higher on Wednesday after Citigroup analyst William Katz upgraded stock in the US financial powerhouse from neutral to buy. Charles […]
Google better placed than Facebook to ride out virus downturn, says noteAuthor: Galina MLast Updated: April 1, 2020Google’s parent company Alphabet is in a better position to weather the economic downturn than its online-ad-revenue rival Facebook, amid the global coronavirus pandemic analysts […]
Goldman Sachs forecasts 15% jobless rate, US economy to shrink by 34%Author: Alejandro ArriecheLast Updated: April 1, 2020Goldman Sachs said the US economy will shrink far more than first expected as the coronavirus pandemic grinds economic activity to a near standstill, fueling […]
Disney stock tumbles, places hopes on new streaming channel to see it through downturnAuthor: siraj sarwarLast Updated: April 1, 2020The Walt Disney Company (NYSE: DIS) stock price is off more than 30% from 52-week high of $150 due to the widespread disruption across its […]
