Stock Market Braces for UBER, PTON, CVS, and DIS Earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both …

Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash. With no big deal in four years, Buffett seems to be unfazed by the stock market rally. | Credit: AP/Nati Harnik Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by …

Jeff Bezos Dethroned as World’s Richest Person After Amazon Plummets

Amazon stock is getting bludgeoned following a downbeat earnings report. In Thursday after-hours trading, the stock dropped as much as 10%, making for one of its worst earnings losses in years: Source: Twitter And with Amazon’s latest stumble, that means another thing: Microsoft’s amazing year continues. Last month, it unexpectedly became the world’s most valuable …

Elon Musk’s Latest Tweet-Brag Won’t Land Him in Any Trouble

After Tesla posted a surprise quarterly profit that beat estimates, Elon Musk may have finally won his bragging rights. In an early morning tweet highlighting the achievement in Q3 2019, Musk prioritized what he has been criticized about in the past – setting overambitious timelines and then falling behind schedule – while placing the unexpected …

With M&A Ahead, These 5 Bank Stocks Could Be Takeover Targets

According to McKinsey & Co, bank stocks are in a precarious position. The consulting firm said it believes that more than half of the world’s banks are unlikely to survive an economic downturn, as their costs have begun to outpace returns on equity. The firm pointed to rising competition for customers, as fintech gains momentum …

Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax

Facebook CEO Mark Zuckerberg would pay more than $5 billion in wealth tax during the first year of a Bernie Sanders presidency. But the social media boss claims he wouldn’t mind the 8% hit to his net worth. Mark Zuckerberg: ‘No one deserves to have that much money’ In a live-streamed Q&A session, the Facebook …

Trump’s ‘Talk of the World’ American Steel Industry in a Major Slump; U.S. Steel (X) Plunges 12% – CCN.com

On the campaign trail, President Donald Trump pledged to revive the U.S. steel industry. At different times last year and this year, Trump has claimed that he had managed to do just that through the imposition of tariffs on steel imports. The reality, however, is now beginning to look different with various U.S. steel companies, …