Bloomberg

The markets were optimistic Thursday: the S&P 500 index rallied, dusting off recent negative sentiment. Yet once the optimism settles, further drawdowns are expected. Corporate earnings, a driver of the stock market, rose in the second quarter but are expected to drop in the third quarter,...

The regulatory framework for Bitcoin and other digital assets continues to evolve globally, albeit slowly. The U.K. financial services regulator, the Financial Conduct Authority, finalized its guidance on crypto assets in July, clarifying which tokens fall under its jurisdiction. The...

Public pension funds, university endowments and nonprofits saw returns that trailed the broader stock and bond markets this year after moving more into alternative investments. Data released Tuesday by the Wilshire Trust Universe Comparison Service showed public pension plans with more than $1...

Hedge fund Greenlight Capital has added new positions in Dillard's, Inc. (NYSE: DDS), Chemours Co (NYSE: CC) and Scientific Games Corp (NASDAQ: SGMS), president David Einhorn said in his second-quarter letter to investors. In 2018, Greenlight Capital's main fund lost 9% in December,...

Qualcomm, Inc. (NASDAQ: QCOM) shares were in the green Wednesday after the Trump administration urged a federal appeals court to delay a patent licensing-related ruling, according to CNN. What Happened U.S. District Judge Lucy Koh said in a May ruling that Qualcomm illegally charged...

Shares of Johnson & Johnson (NYSE: JNJ) were trading lower Friday after Bloomberg reported that the Justice Department has launched a criminal probe into the company. What Happened The investigation is focused on whether J&J deceived the public about the risk of cancer linked to its...

Tech giant Oracle Corporation (NYSE: ORCL) was eliminated from a contract with the U.S. government in April and has lost a legal challenge it mounted over the decision, Bloomberg reported Friday. The Pentagon eliminated Oracle from a four-way bidding process with a $10-billion cloud contract...

An appeals court has ruled that a new trial is in order for Johnson & Johnson (NYSE: JNJ) after a jury ordered the company to pay $417 million to a woman who claims the company’s baby powder caused cancer, according to Bloomberg. While there was was sufficient evidence to uphold...

Coming off a strong quarterly production and delivery performance, Tesla Inc (NASDAQ: TSLA) is prepared to hire once again and boost production at its Fremont, California factory, according to Bloomberg.  The news comes from a Tuesday email sent by Jerome Guillen, Tesla's...

Telecom and media giant AT&T Inc. (NYSE: T) is rumored to be looking at selling off its sports networks to help trim as much as $8 billion of debt, Bloomberg's Nabila Ahmed said on Tuesday's "Bloomberg Markets: The Close." What Happened AT&T is likely looking to sell...

Broadcom Inc (NASDAQ: AVGO) is reportedly eyeing an acquisition of cybersecurity company Symantec Corporation (NASDAQ: SYMC), sources told Bloomberg. Broadcom is potentially looking to buy Symantec to gain exposure to the more profitable software business, according to Bloomberg. Morgan Stanley...

Saudi Aramco, the Saudi oil behemoth that is the world's largest company in terms of profits, is taking a closer look at an initial public offering, according to Bloomberg. What Happened Saudi Arabia explored an IPO for several years and denied reports in August 2018 that it had ...

Airlines in the U.S. and Europe have been bearing the brunt of the grounding of Boeing Co (NYSE: BA)'s 737 MAX jets, which have been parked since March in the wake of two fatal crashes.  The Airlines' Position  More negative reports on Boeing are emerging: on Monday,...

Jony Ive, Apple Inc. (NASDAQ: AAPL)'s longtime chief design officer, announced his plans on Thursday to leave the iPhone maker to start his own independent design company of which Apple will be a client. Writing Was On The Wall Ive is credited with playing a role in developing new hardware and...