WASHINGTON – The House and Senate tax overhaul plans are broadly similar, but crucial differences are creating headaches for Republican leaders determined to keep myriad interest groups and factions of the GOP satisfied. And then there’s the ambitious timetable they’ve set of finishing in time to get legislation to President […]
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A political shock throws Lebanon’s economy back into crisis
BEIRUT – Just when things were starting to look up for Lebanon’s economy, a new political crisis threatens to send it crashing down again. Continue Reading Below Prime Minister Saad Hariri’s shock resignation could unravel the first steps in years toward injecting some cash and confidence in Lebanon’s anemic economy. […]
Pacific trade deal reached but leaders won’t endorse it yet
DANANG, Vietnam – Trade ministers from 11 Pacific Rim countries have announced an agreement on pushing ahead with a free-trade deal whose destiny was uncertain after President Donald Trump dropped it. Continue Reading Below Vietnam’s Trade Minister Tran Tuan Anh told reporters in the coastal resort city of Danang on […]
Why Won’t Apple Inc. Talk About iPhone Mix?
On Apple‘s (NASDAQ: AAPL) most recent earnings call, several analysts tried to get Apple management to talk about the sales mix of iPhone 8, iPhone 8 Plus, and iPhone X that Apple expects to see in the coming quarters. Continue Reading Below Analysts, of course, want as much information as […]
The Starz Buyout Is Paying Off for Lions Gate Entertainment Corp.
Video entertainment producer Lions Gate Entertainment (NYSE: LGF-A) (NYSE: LGF-B) reported earnings Thursday night, covering the second quarter of fiscal year 2018. The TV and cinema studio delivered positive GAAP earnings in a seasonally slow period, and the recently acquired Starz network earned its keep with solid operating profits. Continue […]
Alibaba’s Singles Day Is About to Put Amazon Prime Day to Shame
Alibaba (NYSE: BABA) crushed analyst expectations for its second quarter last week but the company has barely had time to celebrate as it preps for its biggest sales day of the year on November 11: Singles Day. Continue Reading Below What is Singles Day? The sales holiday takes place on […]
Here’s Why Diamond Offshore Drilling Inc Stock Was Up 15% Last Month While Its Competitors Fell
What happened Continue Reading Below While almost all of its competitors saw their stock prices fall in October, Diamond Offshore Drilling Inc (NYSE: DO) shares ended the month 15.4% higher than when it began. Along with Rowan Companies, Diamond Offshore was a rare offshore driller that saw its stock price rise in October, […]
Arizona lawmaker accused of sex remarks loses committee post
PHOENIX – The publisher of Arizona’s largest newspaper on Friday joined a growing list of women who say a top Republican state lawmaker subjected them to inappropriate sexual comments or actions, allegations that led to his suspension from the chairmanship of a powerful committee. Continue Reading Below Arizona Republic Publisher […]
When Will Activision Blizzard’s Overwatch League Be Profitable?
Overwatch has been a great success for Activision Blizzard (NASDAQ: ATVI), reaching over 30 million registered players in its first year since release. Now, the attention turns to Overwatch League — a professional competitive gaming league based on the hit game. Continue Reading Below Specifically, investors want to know: Is Overwatch […]
Blooming U.S. business interest in Cuba wilts under Trump
Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba’s sprawling trade fair this year, in a sign of how firms’ interest in doing business on the island has dwindled in the first year of Donald Trump’s presidency. Continue Reading Below Last year, amid […]