Goldman Sachs downgraded ExxonMobil to “sell” following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half of its targeted returns by 2025.
Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations, boosted by higher security subscriptions and products to guard against cyber threats in the cloud. Israel-based Check Point said on Monday it earned $2.02 per diluted share excluding one-time items in the fourth quarter, up from $1.68 a year earlier. Check Point said it bought back 2.9 million shares in the quarter worth $325 million as part of its share repurchase programme and announced a $2 billion extension to the programme with authorisation to buy back up to $325 million each quarter. …read more […]
Iranian Oil Minister Bijan Zanganeh said on Monday that the spread of China’s new coronavirus had hit oil demand and called for an effort to stabilise oil prices, Iran’s official news agency IRNA reported. The minister also said Iran would agree to an earlier OPEC meeting if the rest of the group’s members agreed to oil production cuts. OPEC and its allies, a group know as OPEC+, are considering meeting in February instead of March. …read more […]
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]
Ryanair cheered investors with a return to profit in the third quarter but warned its target of flying 200 million passengers per year may be delayed two years due to the grounding of Boeing’s 737 MAX jet.
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner.
Feb.03 — The U.K. has left the EU, but the Brexit battle is far from over. In a speech later today, U.K. Prime Minister Boris Johnson is going to threaten to walk away from EU talks instead of accepting demands from Brussels to sign up to the bloc’s single-market regulations and the rulings of its court. Bloomberg’s Maria Tadeo reports on “Bloomberg Markets: European Open.” …read more […]
French carmaker Renault will extend a shutdown at its factory in China’s Wuhan until Feb. 13, in line with the Chinese government’s guidance over the coronavirus for workers in the city and extended Lunar New year holidays, a spokeswoman said on Monday.
World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in China.
Some technology firms in China have maintained operations to manufacture parts and products despite government calls in various cities and provinces for companies to halt work to help stop the spread of a new coronavirus.
The chairman of Spain’s Santander , Ana Botin, last week bought 1 million shares in the bank, according to a regulatory filing published on Monday.
A new hospital built in the epicenter of a dangerous coronavirus outbreak is ready to admit patients. The facility will alleviate pressure on Wuhan’s medical system, which has been strained by the dramatic increase in the number of cases. Photo: str/Agence France-Presse/Getty Images …read more […]
For those who like patterns, biotech names’ growth stories tend to look remarkably similar. These stocks are less reliant on earnings reports and more on a few select markers which can decide what direction they will take in the near-term. A favorable outcome from a regulatory committee or promising data from a clinical trial can send the stock soaring. Conversely, rejection or disappointing readouts can send the company’s share price tumbling down. While they present possible mercurial upside, these tickers aren’t for the faint of heart because although the patterns usually play out, the direction they might take is very …read more […]
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Shares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway’s $7.8 billion acquisition of British food deliverer Just Eat, commence trading on the London Stock Exchange on Monday.
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