The chief executive of Pilgrim’s Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Over the past two centuries, Americans have been through many energy transitions. And we’re in another one right now.
Up until 300 years ago, waterwheels and windmills powered what little industry there was. In 1712, English inventor Thomas Newcomen created the first steam engine. It was used to pump water out of a tin mine in England.
From there, about 2,200 steam engines were produced in the 18th century.
During most of the 19th century, Americans burned whale oil for light. And they primarily burned wood to heat their homes and cook.
Industries used wood to fire steam boilers. Those boilers powered steam engines …read more […]
The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration’s plan to expand economic ties with Brazil given its record on human rights and the environment under President Jair Bolsonaro.
Snapchat’s CEO Evan Spiegel announced Wednesday that it would stop promoting President Trump’s content on its platform. This move would bring Snapchat’s approach to the president’s rhetoric closer to Twitter’s, while Facebook has maintained it will not take action. Yahoo Finance’s Akiko Fujita joins The Final Round panel to break down Trump’s response to Snapchat’s statements. …read more […]
(Bloomberg) — Len Blavatnik bought Warner Music Group Corp. for $3.3 billion in 2011, as the global music industry was grappling with plummeting record sales and a transition to digital listening dominated by piracy.He took the company public Wednesday with the stock pricing at $25. The shares surged 20% to close at $30.12, giving Warner Music a market value of $15.6 billion after its first day of trading.Entities controlled by Blavatnik, 62, sold about 77 million shares and Warner Music won’t receive any of the proceeds, according to a regulatory filing. He will retain almost all of the voting power. …read more […]
In this article, Manward Press Founder Andy Snyder looks at the Altman Z-Score. It’s a little-known but very powerful indicator formula that helps investors identify companies that are at high risk for bankruptcy.
When it comes to investing, there aren’t many things worse than the “B” word. Of course, we’re talking about bankruptcy. The last thing we want to do when we’re investing is invest in a company that goes bankrupt. Our equity stake goes to zero. That’s bad.
So how do you avoid it? During the coronavirus pandemic, unemployment rates have been higher than we’ve seen since the Great Depression. Gold’s …read more […]
Uber Technologies Inc said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift coronavirus-led restrictions.
Global equity markets rallied and the euro rose against the dollar on Wednesday, both for a seventh straight session, indicating strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.
The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration’s plan to expand economic ties to Brazil under the leadership of President Jair Bolsonaro, given its record on human rights and the environment.
Amazon.com Inc said on Wednesday that it leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group, bringing its total fleet to more than 80, as it pushes for faster delivery amid a surge in online orders.
Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.
Oil ended slightly higher on Wednesday but remained below the session’s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.
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