Month: October 2020

A single gram of some substances can cost a mind-boggling sum. …read more […]

Natural gas may just be on track to become the world’s most important resource over the next decade as the world races to ditch other fossil fuels …read more […]

(Bloomberg) — Xilinx Inc., the chipmaker in takeover talks with Advanced Micro Devices Inc., reported earnings that beat Wall Street estimates and said revenue will start rowing again in the current period.Sales will be $750 million to $800 million in the three months ending in December, the San Jose, California-based company said. Revenue even at the low end of the forecast would represent the company’s first quarter of year-over-year growth in five such periods. Analysts on average projected $774 million.Xilinx Chief Executive Officer Victor Peng is trying to spread the use of his company’s products into new areas such as …read more […]

(Bloomberg) — Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff.Woods also mounted an extensive defense of fossil fuels, calling them a “higher purpose” that aids global prosperity at a time when European peers are looking at renewables as the future.“These are difficult times,” Woods said in the message, the text of which was released by the company Wednesday. “We are making tough decisions, some of which will result in friends and colleagues leaving the …read more […]

(Bloomberg) — On a scorching hot day in late August, representatives of Taiwan’s government and industry crowded into the clinical cool of a state-of-the-art semiconductor facility for a symbolic moment in the global tech conflict.They were attending the opening ceremony for a training center built by Dutch company ASML Holding at a cost of about $16 million, small change for an industry used to spending $10 billion or more on a single advanced manufacturing plant.The real value of the site in the southern city of Tainan is strategic: It’s one of just two such facilities outside the Netherlands capable of …read more […]

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While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, virus news and stimulus talks, many smart money investors are starting to get cautious towards the current bull run since March and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting […] …read more […]

Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce. Exxon has exceeded a target of reducing operating expenses by $1 billion and capital budget spending by $10 billion, he wrote. …read more […]

Stock futures opened lower Wednesday evening, extending regular-session declines, as traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results also continued to roll in mixed. …read more […]

(Bloomberg) — Tesla Inc. reported a fifth consecutive quarter of profits Wednesday, handily beating analysts’ estimates, and said it remains on track to deliver 500,000 cars in 2020 despite weaker sales in the rest of the global auto industry.The earnings streak could add momentum for Tesla’s inclusion in the S&P 500 Index and defies a downbeat trend among other automakers struggling to overcome a pandemic-induced slump. The Palo Alto, California-based company reported third-quarter profit of 76 cents a share on an adjusted basis, surpassing analysts’ consensus estimate for 55 cents a share.Shares of the company rose as much as 4.5% …read more […]

WD-40 Chairman and CEO Garry Ridge chats with Yahoo Finance about the outlook for his business. …read more […]

Roth Capital Partners analyst Craig Irwin joins The Final Round to break down what everything you need to know about Tesla’s latest earnings report and the company’s role in the autonomous driving space. …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Realty Income’s dividend safety.
Realty Income (NYSE: O) is a favorite among dividend and real estate investment trust (REIT) investors because the company pays monthly dividends and is a Perpetual Dividend Raiser (a company that raises its dividend every year).
In fact, Realty Income has boosted its dividend every quarter for 92 straight quarters. For those of you who don’t feel like doing the math, that’s 23 years – and a hell of a track record.
Its most current dividend is $0.234 per share, which comes out to a 4.6% yield. But …read more […]

(Bloomberg) — Peloton Interactive Inc. slid in extended trading Wednesday after Goldman Sachs issued a rare downgrade of the stock to a hold-equivalent rating, citing a more than fivefold share-price rally over the past year.The 458% gain in Peloton shares since it was added to a Goldman buy list in 2019 suggests that “much of the near term opportunity is priced in,” analyst Heath Terry wrote in a research report cutting the rating to neutral from buy. Peloton fell as much as 3.9% in postmarket trading.Shares of the New York-based company surged this year as Covid-19 lockdowns led to major …read more […]

Chipotle Mexican Grill released its third quarter earnings report after hours on Wednesday, beating on its top line and bottom lines. The company saw its comparable sales up 11% year-over-year, and its digital sales triple year-over-year. Yahoo Finance’s Jared Blikre breaks down the company’s earnings report on The Final Round. …read more […]