Year: 2020

(Bloomberg) — Skyrocketing bullion prices helped Barrick Gold Corp. generate record amounts of cash — and shareholders are getting rewarded with another dividend hike.The world’s second-largest gold producer spun out $1.3 billion of free cash flow in the third quarter, prompting the company to hike its quarterly payout for a third time in the past year. Barrick reported quarterly earnings and revenue that topped analysts’ estimates on Thursday, as surging bullion prices helped offset the impacts of the coronavirus pandemic on its business.“In the face of unprecedented challenges we have succeeded in beating our earnings consensus, reinforcing our 10-year plan …read more […]

Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them… …read more […]

International Business Machines Corp on Thursday became the latest U.S. technology company to launch a cloud platform directed at telecom operators deploying 5G and signed up Nokia and Samsung as partners. A cloud platform uses software instead of physical equipment to do network functions, helping telecom operators to build 5G networks faster, reduce costs and sell customised services to business clients. …read more […]

After setting up an account for a proper Stockpile review, the offerings appeared sparse. But it became clear very quickly that’s by design.
Stockpile is not your average brokerage. It’s not trying to be everything, and it’s good at what it does… but it’s not going to replace an average investor’s brokerage. Let’s get into why that is.

Growing up, every year my grandfather gifted me savings bonds on my birthday. I didn’t appreciate them at all at the time. But I sure did when it came time to buy my first car and found that I had a couple extra grand …read more […]

Stock futures jumped Thursday morning to extend a rally from a day earlier, as traders homed in on the outcome of the U.S. election with several key states’ results still hanging in balance. …read more […]

– Initiatives to Enable Company to Reinvest in Key Areas of Growth -DUBLIN, Nov. 5, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) today announced the initiation of several strategic actions to further optimize the Company’s operations and increase overall efficiency. …read more […]

(Bloomberg) — Alibaba Group Holding Ltd.’s revenue grew at the slowest pace on record for the July-September quarter, underscoring how the e-commerce giant’s post-pandemic rebound is starting to plateau.Revenue for the three months ended September rose 30% to 155.1 billion yuan ($23.4 billion), meeting the 154.8 billion yuan average of estimates. Profit fell 60% to 28.8 billion yuan from the year-earlier period, when it booked a one-time gain from the acquisition of its stake in Ant Group Co. The sales gain may not be enough to reassure investors worried about the derailment of Ant’s IPO, which sparked a $64 billion …read more […]

Gridlock in D.C. could be good for the stock market…really good, historical data shows. …read more […]

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When you buy shares in a company, it’s worth keeping in mind the possibility that it could fail, and you could lose… …read more […]

KITCHENER, ON, Nov. 5, 2020 /CNW/ – Quarterhill Inc. …read more […]

It’s a “very likely possibility” that President Trump could win election through court challenge, said Rutgers Law Professor Stacy Hawkins. …read more […]

How far off is Barrick Gold Corporation (TSE:ABX) from its intrinsic value? Using the most recent financial data… …read more […]

The timetable for delivery of the Oxford University/AstraZeneca COVID-19 vaccine candidate has slipped, the UK’s vaccine chief said, adding Britain will receive just 4 million doses of the shot this year. Britain had agreed in May to take 100 million doses of the vaccine, developed by Oxford University and licensed to AstraZeneca, with 30 million doses estimated for delivery by September 2020. Oxford’s trial chief said on Wednesday that he now hoped they would come by the end of the year, though the exact timing is unclear as it depends on infection numbers. …read more […]

(Bloomberg) — Joe Biden stood on the brink of claiming the presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states.Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to the Associated Press. Trump has 214.Biden needs only to win an additional outstanding state, such as Nevada where he is leading, or Georgia, where his campaign believes absentee votes will push him over the top.The former vice president said he expects to …read more […]