August 17, 2020
“Euronav NV (EURN) …The offshore storage business has powered strong earnings in 1H20. Euronav saw quarterly revenue and earnings rise in both Q1 and Q2, bucking the ‘normal’ trend in the corona crisis. Q2 earnings came in at $1.14 per share,… Continue Reading…
July 20, 2020
“Chevron said on Monday it would buy Noble Energy in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper. The deal, the largest in the U.S. energy sector this year, comes more than… Continue Reading…
May 27, 2020
“The S&P 500 traded marginally lower after rallying 1.5% to start the session. Earlier in the day, the broader-market index broke above its 200-day moving average — a key level watched by traders — and briefly traded over 3,000. The S&P 500… Continue Reading…
May 18, 2020
“Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average traded 700 points higher, or nearly 3%. The S&P 500 gained 2.5% while the Nasdaq Composite advanced 1.7%… Shares… Continue Reading…
May 14, 2020
“At Uber’s 2020 shareholders meeting on Monday, a group representing large Uber shareholders took issue with how much the ride-sharing giant is paying its CEO Dara Khosrowshahi while the company slashes thousands of jobs and its contractor drivers struggle to make ends… Continue Reading…
May 4, 2020
“Nineteen S&P 500 companies upped their dividends during April, including materials company Newmont (NEM), consumer staples firm Costco Wholesale (COST) and information technology giant Apple (AAPL), says S&P Dow Jones Indices. The average dividend hike by these companies is 8.4%. Boosting a dividend might be the… Continue Reading…
April 29, 2020
“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…
April 23, 2020
“The eurozone economy is suffering an “unprecedented” collapse according to a PMI index released Thursday by analysis firm IHS Markit… Manufacturing also saw a record fall however, because of staff and material shortages and severe supply chain disruptions. Employment plummeted… Continue Reading…
April 6, 2020
“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…
April 2, 2020
“The Federal Reserve is temporarily relaxing a rule that imposes additional capital requirements on deposits and Treasury securities held by the biggest U.S. banks… The decision signals a complete turnaround in money-market conditions from early March, when dislocations in interest rates indicated… Continue Reading…
Recent Comments