Value stocks have 'never been this cheap,' Bank of America says
Value stocks, those with stable fundamentals and subpar valuations, haven't been this cheap since the financial crisis, according to Bank of America.
Value stocks, those with stable fundamentals and subpar valuations, haven't been this cheap since the financial crisis, according to Bank of America.
WeWork owner The We Company disclosed data on Friday that showed expansion of its office-sharing business was almost doubling in size from a large pipeline of leases even as the money-losing company plans to slash costs and reduce its headcount.
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Southwest Airlines is extending the cancellation of Boeing Co 737 MAX flights from its schedule by another month, through March 6, 2020, according to a regulatory filing.
E-commerce giant Amazon.com Inc's long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday.
The rotation into value and out of momentum has more room to run on the back of improving macro environment, said J.P. Morgan's quant guru Marko Kolanovic.
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Southwest Airlines and American Airlines Group Inc said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding.
Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language.
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The White House is "very optimistic" it will reach a so-called phase one trade pact with China before the end of the year, a senior administration official said on Friday, adding that a deal would likely be struck before more tariffs take effect in mid-December.
British budget airline easyJet has bought failed travel company Thomas Cook's take-off and landing slots at London Gatwick and Bristol airports for 36 million pounds ($46.13 million), it said on Friday.
The We Company, owner of office-space sharing company WeWork, disclosed on Friday it will divest all non-core businesses and reduce headcount across its ventures as part of a 90-day plan.
General Dynamics Corp has been awarded a $732 million U.S. defense contract for sustainment of the Mobile User Objective System ground system, a narrowband military satellite communications system, the Pentagon said on Friday.
American Airlines Group Inc said on Friday it is extending cancellations of Boeing Co 737 MAX flights through March 4, 2020, mirroring an earlier announcement by Southwest Airlines .