Year: 2020

(Bloomberg) — Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand.The California oil titan posted adjusted per-share earnings of 11 cents for the third quarter, outperforming the average 27-cent loss expected by analysts in a Bloomberg survey. Production from the company’s crude and natural gas wells tumbled to the lowest in more than two years, partly because of intentional decisions to curtail operations that couldn’t turn profits as prices cratered.Things are bad for the industry, Chief Executive Officer Mike Wirth said in a statement, and he provided …read more […]

First Eagle Investment Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 5.64% for the third quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 7.93% in the same quarter. You should check […] …read more […]

First Eagle Investment Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 5.64% for the third quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 7.93% in the same quarter. You should check […] …read more […]

(Bloomberg) — Biogen Inc.’s big bet that U.S. regulators will approve its experimental drug for Alzheimer’s disease faces a key test next week when a panel of outside advisers reviews results from a pair of studies.The Nov. 6 advisory committee meeting is a highlight of the year for health-care investors and a “major binary event” for the $38 billion drug giant, Stifel analyst Paul Matteis said. Briefing documents, which become public two days before the meeting, are likely to be a “bigger determinant than usual in dictating how panelists eventually vote,” he said.Wall Street analysts have suggested Biogen shares could …read more […]

The Federal Reserve on Friday lowered the minimum loan size on its loans to small and medium-sized businesses, in an effort to drive higher uptake of its Main Street Lending Program. …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Li Auto Inc… …read more […]

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For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]

Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down Apple’s latest earnings report with CFRA Analyst, Angelo Zino. …read more […]

Orion Group Holdings, Inc. (NYSE:ORN) just released its quarterly report and things are looking bullish. The company… …read more […]

Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from Under Armour, Facebook, Google and Twitter. …read more […]

Post-Financing Cash Reserves of CAD $50.1m (USD $37. …read more […]

A group of business leaders and public policy experts will launch a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles. The group, the Future of Mobility Commission, to be formally unveiled Friday, plans to propose a new regulatory framework to address a global transportation sector “on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies.” Alisyn Malek, the commission’s executive director, told Reuters the goal is to tackle tough problems and improve safety. …read more […]

The better-than-expected report was driven by the sales of the brand’s sneakers and workout gear. …read more […]

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