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Shares of Diageo plc (NYSE: DEO) were losing ground Tuesday after the parent company of Johnnie Walker and other alcohol brands released preliminary full-year results for fiscal 2020.  What Happened: Diageo, the world's largest alcohol maker, said total net sales for the fiscal year...

Apple Inc (NASDAQ: AAPL) co-founder Steve Wozniak is suing Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary YouTube LLC, alleging his name and likeness was used for a Bitcoin giveaway scam, Bloomberg reported Wednesday. What Happened Scammers reportedly used both the image and video...

Carson Block is still short GSX Techedu Inc (NYSE: GSX) despite the stock's momentum in the opposite direction, the notable short seller said Wednesday in a Bloomberg TV interview. What Happened: Block and his firm Muddy Waters Research argued in a May short seller report that the China-...

Sam Zell expects the coronavirus pandemic to have a similar impact on the economy and society as a whole as the Great Depression, the billionaire real estate guru said on a Bloomberg TV interview. Consumer Sentiment 'Permanently Scarred' Most people who lived through the Great Depression...

U.S. International Trade Commission members said in a Tuesday ruling that Apple Inc. (NASDAQ: AAPL) did not violate a patent controlled by Qualcomm, Inc. (NASDAQ: QCOM). What Happened Qualcomm argued in a case brought forward to the ITC in 2017 that Apple violated its patents related to...

Netflix, Inc. (NASDAQ: NFLX) shares tumbled following its second-quarter earnings report in July, and with third-quarter results scheduled to be released Tuesday, investors are highly anticipating the print, according to Bloomberg Intelligence's Paul Sweeney. What Happened Netflix's...

Video game exchange traded fund ETFMG Video Game Tech ETF (NYSE: GAMR) is among the most underrated ETFs — an undeserved distinction, according to Bloomberg's Eric Balchunas. What Happened A disconnect exists between the $130-million market cap of the video game ETF and the $130-billion...

Shares of Yum China Holdings Inc (NYSE: YUMC) were plunging Tuesday as a consortium of potential buyers dropped their acquisition plans for the operator of KFC, Pizza Hut, Taco Bell and other restaurant chains in China. What Happened A consortium of investment firms, including...

Hedge fund manager Jim Chanos has been short Tesla Inc (NASDAQ: TSLA) for quite some time. His conviction hasn't changed despite the stock's strength. Tesla's stock could become a compelling buy once the company is profitable, Chanos said during an interview with Bloomberg TV. The...

Shares of Mallinckrodt PLC (NYSE: MNK) sold off Wednesday after Citron Research released a new thesis on the maligned pharmaceutical company. The new report valued the stock at $20 and alleged the company "has committed fraud [emphasis omitted] by lying to the investing public about the...

Former U.S. Treasury Secretary Larry Summers was a guest on Bloomberg TV and offered some tips for Donald Trump ahead of his presidency. Currency Manipulation The conversation began surrounding currency manipulation. Specifically, Trump accused China of manipulating its currency and said that as...

Carl Icahn, the billionaire investor and Donald Trump backer chose to skip Trump's victory party and went home to trade index futures. Speaking to Bloomberg TV, Icahn confirmed that he lowered his hedge exposure in the stock market after Trump emerged victorious. While he isn't going to acknowledge...

Barclays PLC (ADR) (NYSE: BCS) is among the few remaining large global banks to report its quarterly earnings. The London-based company is scheduled to report its third quarter results at around 2 a.m. EST on Thursday. For the most part, global banks have reported strong earnings. Here is a look...

Crude oil rose Monday on further optimism that an OPEC agreement to limit oil output can be reached. However, OPEC's largest and most influential producer, Saudi Arabia, made it clear it's unlikely to agree to any terms unless its rival Iran agrees in kind. Bloomberg, citing a Barclays...