Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Tehran and reduce its oil sales to zero.
It’s a positive start to the weekend for the majors looking to recover some of the previous week’s losses, though key levels will need to be held. …read more […]
As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co, known for his bravado, quips and occasional profanity-laced outbursts. Over her nearly six years as JPMorgan’s chief financial officer Lake, 49, has taken on more and more responsibilities effectively becoming Dimon’s understudy. …read more […]
Campbell Soup Co and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the food company’s shareholders to vote in favor of two entirely different slates of board nominees.
Brazil is ready to launch small commercial rockets from its space base near the equator as soon as it agrees to safeguard U.S. technology that is dominant in the industry, the Brazilian Air Force officer managing the space program said on Friday.
U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.
The higher its valuation goes, the more investors will ultimately demand of the tech giant. …read more […]
Jim Cramer gets details on how Advanced Micro Devices, Toll Brothers, and Five Below are refocusing and finding ways to win. …read more […]
The U.S. Air Force said on Friday it had chosen Lockheed Martin to build 22 next-generation Global Positioning System satellites worth up to $7.2 billion, part of a major effort to modernize the GPS constellation of satellites.
Israeli drugmaker Teva Pharmaceutical Industries on Friday received approval https://www.accessdata.fda.gov/drugsatfda_docs/label/2018/761089s000lbl.pdf?utm_campaign=FDA%20approves%20new%20drug%20for%20preventive%20treatment%20of%20migraines%20in%20adults-%20Drug&utm_medium=email&utm_source=Eloqua&elqTrackId=D3AA52FF20AD693CDFB23B3D6D50FBDF&elq=c7fbdf48175441979bbf02cf84407b39&elqaid=5102&elqat=1&elqCampaignId=4076 … …read more […]
Activist investor Daniel Loeb’s Third Point LLC on Friday urged Campbell Soup Co’s shareholders to vote in favor of the hedge fund’s nominees.
Pfizer (PFE) closed at $42.97 in the latest trading session, marking a +0.34% move from the prior day. …read more […]
Verizon Communications (VZ) closed the most recent trading day at $54.55, moving -0.66% from the previous trading session. …read more […]
In the latest trading session, Alibaba (BABA) closed at $164.75, marking a -0.4% move from the previous day. …read more […]
U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion (153.08 billion pounds)of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fuelled drops in the Chinese yuan in offshore trading (CNH=EBS) and gains in the dollar index (.DXY). The Trump administration has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring U.S. technologies …read more […]
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