A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The Trump administration may stop exporting jet engines manufactured partly […]
Tag: business news
Why EBITDA earnings are used by so tech companies like Uber and Yelp
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. Pinterest used it 25 times the same day. The term showed […]
Bloomberg is considering Hillary Clinton as his running mate, says Matt Drudge
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about […]
Bloomberg builds ‘army’ of executives to act as campaign surrogates
Dozens of elite business leaders have joined Mike Bloomberg’s “army” of surrogates in a bid to help him win the Democratic presidential nomination. The leaders have signed onto a group called the Committee for Mike, whose organizers call on participants to publicly endorse Bloomberg’s campaign, push their networks to vote for him, appear at events […]
US to evacuate Americans from cruise ship, first death in Europe
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on Saturday urging banks to strengthen loans to the manufacturing sector at better rates, and to […]
Official says US, Taliban reach Afghan truce agreement
U.S. President Donald Trump delivers remarks to U.S. troops in an unannounced visit to Bagram Air Base, Afghanistan, November 28, 2019. REUTERS/Tom Brenner Tom Brenner | Reuters A senior U.S.official said Friday the United States and the Taliban have reached a truce agreement that will take effect “very soon” and could lead to withdrawals of […]
Here’s how the pros are trading Tesla and its wild moves
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla’s stock has piqued the interest of professional and retail traders alike as they try […]
Tesla is under pressure to revitalize its solar and storage business
Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla Even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. The company is now under pressure to […]
Which Democrat is best positioned to beat Trump in November?
Democratic presidential candidates Sen. Amy Klobuchar (D-MN) (L), South Bend, Indiana Mayor Pete Buttigieg, Sen. Elizabeth Warren (D-MA), ormer Vice President Joe Biden, and Sen. Bernie Sanders (I-VT) greet the audience ahead of the Democratic Presidential Debate at Tyler Perry Studios November 20, 2019 in Atlanta, Georgia. Alex Wong | Getty Images With the Iowa […]
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from […]
