Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss reports of Apple delaying iPhone production, and the tech companies that are set to benefit during the coronavirus pandemic with Daniel Newman of Futurum Research. ...
Based on the early price action and the current price at $1734.30, the direction of the June Comex gold market the rest of the session on Monday is likely to be determined by trader reaction to the pivot at $1727.50....
(Bloomberg) -- General Motors Co. suspended its dividend and the share-buyback program activist investors fought for over the last half decade as the largest U.S. automaker seeks to preserve cash in the midst of the pandemic shutting down much of the global car industry.The measures were a condition for GM to amend a credit agreement with banks so that its $3.6 billion revolver now matures in April 2022, extending it by a year. The moves announced Monday follow other cash-preservation measures taken at the beginning of this month, when the company deferred 20% of salaried workers’ pay, cut top executives’ compensation and put 6,500 employees on leave.Chief Executive Officer Mary Barra first announced a major buyback in 2015 after fending off an activist campaign by a former Treasury Department official who was representing several hedge funds. She expanded the program to as much as $14 billion two years later in the...
As the number of cases of coronavirus begin to plateau, several states across the United States debate when businesses can begin to reopen. Yahoo Finance's Editor-in-Chief Andy Serwer breaks down the details. ...
