Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that dragged it to a loss at the beginning of this year, Chief Executive Marcus Tacke said on Tuesday.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.
U.S. stock index futures jumped 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh intervention by China’s central bank calming investor nerves.
Activist shareholder Starboard Value LP on Tuesday sent a letter to eBay Inc’s board, saying the ecommerce company has not made enough progress in its plan to separate its classifieds business.
There are thousands of stocks traded in the major exchanges, and it’s not easy to track their movements. A head for numbers helps, but so does a knack for timing. Understanding both helps to make sense of the earnings season.Once every quarter, publicly traded companies are required to release their financial results – revenues, sales numbers, earnings, and the like. These are the metrics that stock followers use to decide their investment allocations, and share prices tend to rise and fall on the expectations, and the realities, of the quarterly reports.Just last week, three great stalwarts of the Dow Jones …read more […]
Ralph Lauren Corp inched past holiday-quarter revenue estimates on Tuesday, helped by demand for its winterwear in Europe and North America.
Vanguard, the $5.6 trillion asset manager, plans to start using computer-run algorithms this year to trade FX directly with other funds, depriving banks of some of the fees they earn as the middlemen in currency deals.
Visa Inc is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reported https://bloom.bg/2vGWtA7 on Tuesday, citing a document Visa sent to banks.
Vodacom Group expects to offer 5G mobile services to its South African customers this year by using a network being built by another African operator Liquid Telecom, Vodacom Chief Executive Shameel Joosub said on Tuesday.
(Bloomberg) — Tesla Inc.’s parabolic surge above $900 a share on Tuesday drew New Street Research analysts to downgrade the stock to neutral from buy in the midst of a 2020 rally.The group of analysts led by Pierre Ferragu think the stock is “still attractively valued for the long run” with shares priced in the middle of the range for the group’s 2025 expectations. New Street highlighted “limited sources of further” stock appreciation over the next year as the driver for the downgrade.Tesla surged as much as 16% in pre-market trading, briefly topping $900 per share, and setting the stock …read more […]
Airlines are suspending flights to China in the wake of the new coronavirus outbreak.
U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion.
Investors have made higher returns a key priority, pressing oil and gas drillers to boost buybacks and dividends instead of growing production at a time when commodity pricing remains volatile. ConocoPhillips said in November it would boost its oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade. On a per share basis, it earned 76 cents, while analysts had expected a profit of 80 cents, according to IBES data from Refinitiv. …read more […]
Headlines moving the stock market in real time. …read more […]
At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources. Some $1.8 billion worth has entered Venezuela in the last year, according to three senior banking sources, as Maduro quietly dismantles 16 years of socialist regulations to salve the economy in the face of U.S. sanctions and hyperinflation. The cash comes mainly from remittances – often on trucks – by the millions of Venezuelans who have left in recent years, and from the OPEC …read more […]
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