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The second-largest US bank turned lower interest rates into a source of profit Continue reading......
Attorney General William Barr accused Apple of providing no “substantive evidence” to the FBI as it continues to investigate last month’s shooting at a naval base in Pensacola, Florida. Now, President Trump is doubling down on those claims himself. Yahoo Finance Tech Editor Dan Howley joins The Final Round to discuss the latest....
(Bloomberg) -- Tesla Inc. bears won’t let anyone steal the title for the most-shorted stock. Not even Apple Inc.A parabolic spike in shares of the electric carmaker hasn’t stopped short sellers from betting the stock will go down. They drove the total dollar amount of shares borrowed to sell the stock short to $14.5 billion on Wednesday, data by financial analytics firm S3 Partners showed. That’s above the $14.3 billion invested in a bet Apple will go down.The iPhone maker overtook Tesla as the most-shorted U.S. stock on Sept. 20 and had held that position until Wednesday. The dollar amount of short interest in Apple, however, is of little surprise given the size of the tech giant’s $1.4 trillion market capitalization.Tesla, whose market cap is 14 times smaller than Apple’s, has long been a site of a tug-of-war between its bulls and bears, which often came at a price. This year...
The appetite for Constellation Brands (STZ) buying the rest of Canopy Growth (CGC) appears very low after the company reported another equity loss from the large cannabis investment. If anything, Constellation Brands has huge regrets from making such a large gamble on the Canadian cannabis business near the peak of the market. Canopy Growth jumped to recent highs and Constellation Brands doubling down on Canopy Growth appears very unwise and highly unlikely here.FOMOOne can argue Canopy Growth still trades around $20 due to the inherent put on the stock. This fear of missing out on a Constellation Brands bid for the rest of the company has the stock overvalued, thereby limiting the actual potential of a bid.Constellation Brands owns 35% of the outstanding shares of Canopy Growth and owns warrants to purchase a controlling interest in the cannabis stock with one huge hitch. The warrants have exercise prices far above the...
Almost two years to the day that U.S. President Donald Trump first imposed tariffs on imported washing machines and solar panels, the U.S. and China have officially completed a "phase one" trade deal. At the top of the list of trade deal winners is U.S.-listed Chinese stocks. The trade war has weighed on Chinese economic growth, and a weak Chinese economy is bad news for all Chinese stocks, not just those that do business with the U.S....
President Trump slammed Apple after the tech company refused requests from U.S. Attorney General William Barr and the FBI to unlock the iPhones allegedly used by the shooter who killed 3 people in Pensacola, Florida. Yahoo Finance’s Dan Howley joins Seana Smith on The Ticker to discuss....
Target is tumbling after a disappointing holiday season. The retailer's same-store sales rising only 1.4% between November and December compared to a growth rate of 5.7% a year ago. Retail Expert Erin Sykes breaks down what this means for Target moving forward. Yahoo Finance's Zack Guzman & Sibile Marcellus join in on the conversation....
