A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.
(Bloomberg) — Tilray shares fell as much as 15% Tuesday to a record low after the cannabis company missed fourth-quarter revenue and Ebitda estimates and recorded $181 million of writedowns and impairment charges.Several analysts cut their price targets on the stock, and some questioned whether Tilray will be able to meet its goal of reaching positive Ebitda by the fourth quarter of this year. Tamy Chen at BMO believes that won’t happen until 2022, in which case it will need to raise an additional $240 million of funding.Here’s what analysts are saying:Eight Capital, Graeme KreindlerKreindler cut his rating on Tilray …read more […]
NEW YORK and TORONTO, March 03, 2020 — NexTech AR Solutions (the “Company” or “NexTech”) (otcqb:NEXCF) (NTAR)(N29), the industry leader in augmented reality, is pleased to announce that it has achieved revenue for the month […]
This is how you win — invest in gold. …read more […]
Monday was a good day in the stock markets, no doubt about that. The S&P 500 jumped 136 points, and the Dow saw its highest point gain ever, a 5% increase in just one session. Market watchers, though, are still giving mixed views of the situation. On the negative side, the virus continues to spread – worldwide, there have been some 90,000 confirmed cases and 3,000 deaths. And the full economic impact has yet to be felt. On the positive side, the gains broke a 7-day market losing streak, and bring a ray of hope that the coronavirus outbreak may …read more […]
Saks Fifth Avenue owner Hudson’s Bay Co Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday.
The Dow Jones Industrials index looked set to drop more than 100 points at the open on Tuesday after G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support.
Peugeot maker PSA does not expect to make a call before the end of 2020 on whether to keep its British factory at Ellesmere Port running, depending on how Brexit talks evolve, Chief Executive Carlos Tavares said on Tuesday.
(Bloomberg) — Chevron Corp. plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by as much as 20% compared with the most recent pace of payouts as the U.S. oil giant tries to reassure investors.Mike Wirth, who took over as chief executive officer little more than two years ago, promised shareholders a mix of cost-cutting and production growth centered in the prolific Permian basin in Texas and New Mexico to offer attractive financial returns even as customers and policymakers demand lower-carbon fuels.Returning cash to shareholders is “our number one priority,” Wirth …read more […]
Investors appeared upbeat on Kohl’s Corp. on the heels of its better-than-expected fourth-quarter financial results.The Menomonee Falls, Wis.-based company delivered adjusted earnings per share of $1.99, beating analysts’ estimates of $1.88, on profits of $265 million. Revenues for the same period ended Feb. 1 rose 4.5% to $6.83 billion, also trouncing expectations of $6.52 billion, while same-store sales were flat, versus a forecasted drop of 0.1%.As of 9:00 a.m. ET, shares for Kohl’s were up about 5%. Looking ahead, Kohl’s is calling for earnings per share in the range of $4.20 and $4.60 and comps between a 1% loss and …read more […]
In this series, NerdWallet interviews people who have triumphed over debt. Responses have been edited for length and clarity. Rashad Muhammad, a school principal and part-time real estate agent,… …read more […]
Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost.
Thermo Fisher Scientific Inc., a maker of scientific instrument and laboratory supplies, is buying Qiagen in a deal valued at about $10.1 billion. Qiagen NV is a provider of molecular diagnostics and sample preparation technologies. The Netherlands-based company has approximately 5,100 workers at 35 locations in more than 25 countries. …read more […]
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide.
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