HP's (NYSE: HPQ) stock has declined nearly 10% over the past three years as the S&P 500 has rallied nearly 40%. Even after factoring in reinvested dividends, it generated a total return of less than 1%.HP struggled as its relatively stable PC sales were offset by declining sa
The year 2020 has been a memorable one for mortgage originators. The COVID-19 crisis prodded the Federal Reserve to cut interest rates down to the floor, which triggered a massive refinancing boom. Black Knight Financial estimates there are 19.3 million "high quality" refinance o
Sony (NYSE: SNE) has caused a big controversy with its software update for the PlayStation 4, launched Wednesday, which now warns players their voice chats may be recorded and turned over to Sony for action.While this has actually been a feature of PlayStation since 2013, the 8.0
France and the Netherlands on Thursday called for a European Union authority to regulate large tech companies such as Google and Facebook, whose dominance gives them effective internet gatekeeper status.
The COVID-19 crisis threw the mortgage real estate investment trust (REIT) sector for a loop earlier in the year. The sector was crushed by massive volatility in the stock and bond markets, which caused liquidity to dry up in the mortgage-backed securities markets. Even mortgage
A combination of the surging virus, threatening the slow recovery that was already losing momentum, the lack of new stimulus in the US, and market positioning is seeing risk unwind in a big way today.
(RTTNews) - Walgreens Boots Alliance, Inc. (WBA) introduced fiscal 2021 guidance of low single-digit growth in adjusted earnings per share at constant currency rates. For the second half period, the company anticipates strong adjusted earnings per share growth.Fourth quarter adju
(RTTNews) - Indian shares ended deep in the red on Thursday, tracking weak global cues amid uncertainty over U.S. fiscal stimulus and renewed restrictions in European countries to stem the possible second wave of coronavirus infections. Closer home, credit rating agency Moody's I
Marijuana should be one of fastest-growing industries in North America this decade. There are currently tens of billions of dollars in cannabis sales conducted annually in the black market. If these sales can gradually be moved to legal channels via legalization, large-scale play
Have you heard of Ray Dalio? Some say that he's arguably the greatest hedge-fund manager of all time. His investment-management firm, Bridgewater Associates, manages nearly $150 billion, and has historically outpaced the market. There are a many lessons to be learned from Dalio w
LONDON (Reuters Breakingviews) - Unibail-Rodamco-Westfield’s shareholder revolt could take the shopping mall operator from the frying pan into the fire. French billionaire Xavier Niel and the French landlord’s former CEO Leon
(RTTNews) - Commercial Metals Company (CMC) reported fourth quarter adjusted earnings per share from continuing operations of $0.79, compared to $0.76, last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.60, for the
Netflix's (NASDAQ: NFLX) third quarter earnings report is due out after hours on Oct. 20, and it could be one of the more pivotal reports for the streaming giant.Netflix's subscriber base surged through the first half of the year as the streaming pioneer added 25.9 million subscr
Advanced Micro Devices (NASDAQ: AMD) has turned itself into one of the tech industry's more notable comeback stories. It has moved from near penny-stock status to as high as $94 per share within the last five years.However, challenges remain as AMD moves to build on its recent su
(RTTNews) - Walgreens Boots Alliance, Inc. (WBA) revealed earnings for fourth quarter that dropped from last year.The company's profit totaled $373 million, or $0.43 per share. This compares with $677 million, or $0.75 per share, in last year's fourth quarter.
(RTTNews) - Tiffany & Co. (TIF) reported that its worldwide net sales for the two-month period declined slightly from a year ago. Sales in the United States declined by a low double-digit percentage in the two-month period. Operating earnings, inclusive of transaction-related
(RTTNews) - Asian stocks fell on Thursday as fading hopes of U.S. fiscal stimulus, Brexit woes, the U.S.-China tussle and fresh lockdown restrictions in parts of Europe dented risk appetite. Chinese shares finished modestly lower as the latest inflation data underscored the chall
(RTTNews) - Royal Philips (PHG) and Mandaya Royal Hospital Puri, Indonesia entered a seven-year strategic partnership deal integrating a range of medical technologies and solutions to provide patient-centered care. The agreement covers imaging and image-guided therapy technologie
(RTTNews) - Brazilian meat and protein major JBS SA, its parent J&F Investimentos S.A. as well as their owners Joesley Batista and Wesley Batista have agreed to pay fines related to violations of the U.S. Government's Foreign Corrupt Practices Act or FCPA.In order to resolve