
Futures higher on drop in new coronavirus cases
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.
Vancouver, CANADA – – February 11 , 2020 – Imagination Park Technologies Inc. (CSE: IP)(OTC: IPNFF) today announced that Mike Tunnicliffe has joined the Company as a Senior Advisor to the CEO. Mr. Tunnicliffe previously served […]
The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell, Total, Equinor and all of the U.S. oil majors. BP did not specify how it intends to reach its 2050 targets to get carbon emissions from its operations and barrels produced to net zero and halve the carbon intensity of all products it sells, such as diesel or petrol. Smaller Spanish rival Repsol has set more ambitious net zero carbon targets for the oil products it sells, at a cost of more than $5 billion, but the huge scale of its operations now puts BP’s …read more […]
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival Kone , board member Alfred Schindler told Reuters.
OPEC on Wednesday cut its forecast for global growth in oil demand this year due to the coronavirus outbreak and said its output fell sharply in January as producers implemented a new supply-limiting pact. In a monthly report, OPEC said 2020 demand for its crude will average 29.30 million barrels per day (bpd), 200,000 bpd less than previously thought. OPEC pumped less oil in January than the average 2020 requirement, due to planned cuts and involuntary losses. …read more […]
(Bloomberg) — A frenzy of bullish bets on the biggest U.S. tech names is captivating Wall Street and powering equities to all-time highs. It’s also sending waves through options markets.Volumes for contracts tied to single stocks have surged by 77% in the past six weeks to fresh records, according to Goldman Sachs Group Inc. The growth has been so staggering that trading in the derivatives by notional value is almost on par with volumes in the underlying shares themselves, the firm calculates.Spurring the growth are bullish wagers on Tesla Inc., as well as mega caps that wield heft in the …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BP Plc’s new boss set out the boldest climate plan of any major oil company, pledging to eliminate almost all of the carbon emissions from its operations and the fuel it sells to customers.Bernard Looney, who has been the company’s chief executive officer for just a week, set an ambitious agenda for what’s becoming an existential challenge for the oil industry. While peers including Royal Dutch Shell Plc, Total SA and Equinor ASA have responded to investor pressure by adopting targets for …read more […]
Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a one million euro investment plan to benefit from a growing electric vehicle market.
Big investors who are critical to SoftBank Group’s plans for a second massive technology investment fund are refusing to take part unless the first $100 billion Vision Fund can turn around its performance, sources familiar with the talks told Reuters.
Google defended its business model on Wednesday, saying that making innovative products was at its core rather than helping rivals, as it sought to overturn a 2.4-billion-euro ($2.6 billion) EU antitrust fine at Europe’s second-highest court.
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing.
(Bloomberg) — CVS Health Corp. shares gained in premarket trading Wednesday after the health-care conglomerate projected strong 2020 sales, driven by growth in its pharmacy-benefit management business.In an investor presentation, CVS said it sees 2020 revenue between $261.97 billion and $265.48 billion, above Wall Street analysts’ average expectation of $256.89 billion.Key InsightsIn the fourth quarter, the pharmacy-services segment brought in $37.1 billion. In 2020, CVS expects the business will have revenue of $137.50 billion to $139.45 billion, more than the $136.01 billion analysts expect. The business has been a cornerstone of CVS’s growth despite growing criticism of the industry’s role …read more […]
Canada’s Shopify Inc beat Wall Street estimates for quarterly revenue on Wednesday, boosted by Black Friday and Cyber Monday sales on the e-commerce platform.
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