Month: October 2020

In the second 2020 presidential debate, which took place last week, President Donald Trump chastised Joe Biden for wanting to “get rid of the oil industry.”
The day after the debate, Biden clarified his comments and said that he would not get rid of the oil industry or fracking.
But I’m sure his comments still gave oil industry workers pause.
Regardless of what happens to the oil industry in the years to come, there’s an easy way to keep those drillers and others in the exploration and production (E&P) companies employed.
You see, Biden would still need well drillers. They just wouldn’t be drilling …read more […]

(Bloomberg) — Raytheon Technologies Corp. fell after the company disclosed a demand from the U.S. Department of Justice for records dating back more than a decade from the company’s missile business.The criminal subpoena was dated Oct. 8 and Raytheon is cooperating, according to a company regulatory filing Tuesday. Federal prosecutors are seeking documents and information in a probe of accounting and other reporting matters within Raytheon’s Missiles & Defense business since 2009, according to the filing.In the same filing, Raytheon also disclosed it had received a second subpoena from the U.S. Securities and Exchange Commission related to a separate, previously …read more […]

Yahoo Finance’s Kristin Myers and Sibile Marcellus discuss why UPS shares sunk despite better than expected quarterly earnings. …read more […]

…read more […]

Rates go lower and lower, prompting more homeowners and homebuyers to pounce. …read more […]

Visa reported Q4 estimates that topped the Street’s expectations. The credit-card company posted $1.12 EPS and $5.41B in revenue, outperforming consensus estimates of $1.09 EPS and $5B in revenue. Yahoo Finance’s Myles Udland breaks down the details. …read more […]

Stock Symbol: AEM (NYSE and TSX)(All amounts expressed in U. dollars unless otherwise noted)TORONTO, Oct. …read more […]

Operational Delivery Continues as Prestea Sale Unlocks Investment CapacityTORONTO, Oct. 28, 2020 /CNW/ – Golden Star Resources Ltd. …read more […]

Ford reported Q3 estimates that topped the Street’s expectations. The auto-manufacturer posted $0.65 EPS and $34.7B in revenue, outperforming consensus estimates of $0.19 EPS and $33.98B in revenue. Yahoo Finance’s Jared Bilkre breaks down the details. …read more […]

Ebay released its third quarter earnings report after hours on Wednesday, beating investor expectations on both revenue and earnings per share. The company raised its full year guidance on top and bottom lines, but both new levels fell short of investor estimates. Yahoo Finance’s Emily McCormick breaks down the company’s earnings report on The Final Round. …read more […]

(Bloomberg) — Ford Motor Co., riding a wave of momentum from new models and new management, exceeded expectations with third-quarter earnings that outran the economic effects of the coronavirus pandemic.Fueled by strong sales of pricey pickups, Ford posted adjusted earnings per share of 65 cents, well above the 19 cents analyst consensus forecast, with adjusted earnings before interest and taxes of $3.6 billion compared with $1.8 billion a year ago.Shares of the company rose as much as 7.8% in postmarket trading after closing Wednesday at $7.70. The stock is down about 17% this year.Chief Financial Officer John Lawler said in …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at New Residential Investment Corp’s dividend safety.
New Residential Investment Corp. (NYSE: NRZ) used to be a favorite with dividend investors. As of December, it paid a whopping 12.4% yield and its short track record of paying dividends was solid. It had raised the dividend five times since 2013.
Then, the pandemic occurred. Shares of the mortgage real estate investment trust (REIT) fell from a high of $17.66 to a low of $2.91. Today, it trades around $8, less than half of where it was in February.
Perhaps even more upsetting to income …read more […]

Etsy beat investor expectations on both top and bottom lines in its third quarter earnings report, released after hours on Wednesday. Although the company posted higher Q3 profit thanks to a boost in online shopping, expects a possible deceleration, particularly on its revenue. Yahoo Finance’s Emily McCormick breaks down the company’s earnings report on The Final Round. …read more […]

…read more […]

Pinterest released its third quarter earnings report after hours on Wednesday, beating on its top line and bottom lines. The company saw its monthly active users rise 37% and its revenue grow 58% year over year driven with a recovery in advertiser demand. Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round. …read more […]