The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal corruption probe that has damaged the union’s standing during contract talks with Detroit’s automakers.
Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world’s largest lithium producer grapples with a fall in prices on near-term oversupply concerns. Albemarle did not provide any further details on the program on Wednesday. Albemarle reported an adjusted profit of $1.53 per share for the third quarter, in line with its preliminary estimates last month when it had also cut profit and sales forecast for the year. …read more […]
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]
GoDaddy Inc reported a 12% rise in third-quarter revenue as the web hosting company earned more from each user, sending its shares up 8% in extended trading.
Yahoo Finance’s Heidi Chung reports on Square’s Q3 earnings to Jen Rodgers, Myles Udland, and Andy Serwer. …read more […]
U.S. stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.
Payments processor Square Inc beat analysts’ estimates for quarterly profit on Wednesday, as it earned more from its subscription and services business.
The U.S. Department of Justice has demanded documents related to the transmission used in about 2 million of Ford Motor Co’s Fiesta and Focus vehicles sold throughout this decade, the Detroit Free Press reported on Wednesday.
Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5% in extended trading.
In the summer of 2018, I analyzed the safety of master limited partnership (MLP) Energy Transfer Partners. At the time, the stock received a “C” rating.
The issues were that cash available for distribution (CAD), a measure of cash flow for MLPs, was heading lower and the company’s debt was too high.
Four months later, the MLP merged with its parent company, Energy Transfer Equity, and renamed itself Energy Transfer LP (NYSE: ET).
Let’s take a look at the new combined company and see if the distribution (partnerships pay distributions instead of dividends) is any safer.
CAD is soaring. This chart says it all.
This …read more […]
The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.
U.S. stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.
Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co Ltd , underscoring challenges for buyer Alphabet Inc’s Google.
Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
Web hosting company GoDaddy Inc on Wednesday reported a 12% rise in third-quarter revenue as it added more customers.
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