General Electric‘s dividend could still be in danger even after the industrial giant slashed it in half, an analyst at JPMorgan said Tuesday. “The cut was within the realm of possibility, and is fundable in the near term with debt and asset sales, though a downturn or spin/split would make for another chapter in this […]
Read moreThe rough year for General Electric shareholders will not end anytime soon because the company’s new turnaround plan did not meet expectations, according to Wall Street analysts. GE shares had their worst day since 2009 on Monday, falling 7 percent after the company reduced its dividend and unveiled a restructuring plan during its investor day. […]
Read moreCoca-Cola shares are set for a breakout thanks to successes overseas and its mission to expand its beverage lineup, according to Wells Fargo, which upgraded the stock to outperform. But probably most interesting in analyst Bonnie Herzog’s note was speculation that the 125-year-old purveyor of sugary beverages may make a move into alcoholic beverages. She […]
Read moreCheck out which companies are making headlines before the bell: Home Depot – The home improvement chain reported quarterly profit of $1.84 per share, 2 cents a share above estimates. Revenue also beat forecasts, and a 7.9 percent increase in comparable-store sales came in above the consensus Thomson Reuters estimate of a 5.8 percent increase. […]
Read moreAppetite for risk has increased among money managers to a new high, according to the latest fund manager survey by Bank of America Merrill Lynch (BoAML). A total of 16 percent of investors said they are taking above normal levels of risk when choosing where to put their money, even though 48 percent of respondents […]
Read moreRenowned economist Jim O’Neill said Tuesday that investors “have to believe” the dollar is not going to be the kingpin currency forever. The greenback’s status as the world’s most powerful currency has been questioned for decades, but contracts based on the U.S. dollar continue to dominate global markets. However, in recent months, speculation has intensified […]
Read moreFour of the world’s top central bankers promised on Tuesday to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the financial crisis. After pumping some $10 trillion into financial markets since the 2008 crisis — driving them many markets to record highs — the […]
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So, in September, IBM hosted a hackathon at one of its U.K. offices where teams of software engineers competed to design the best app for Emerson and his family. The winning team designed a dashboard in the form of an iPad mounted on Emerson’s wheelchair. The app would monitor the toddler’s body temperature, heart rate […]
Read moreCurrency, United States Finance
Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our friend.” “The new normal is continuous disruption, we need to take out all the inefficiency […]
Read moreApple is exploring a rear-facing 3-D sensor system for the iPhone to be released in 2019, Bloomberg reported on Tuesday citing people familiar with the matter. The technology would be different than the TrueDepth sensor that’s currently on the front of the iPhone X. The iPhone X’s system relies on a light technique that projects […]
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