Year: 2020

(Bloomberg) — U.S. stock futures climbed as investors looked for positive catalysts after concern over coronavirus infections and tougher lockdowns Wednesday spurred the market’s worst decline in more than four months.S&P 500 futures contracts expiring in December were up 1% as of 10:41 a.m. in Tokyo. Contracts on the Nasdaq 100 rose 0.8% while those on the Dow Jones Industrial Average gained 1%.The S&P 500 Index fell 3.5% Wednesday, the biggest drop since June 11, amid a surge in Covid-19 hospitalizations, especially in the Midwest. European stocks also tumbled, as France imposed a new nationwide lockdown and Germany moved to …read more […]

The chief executive of Nvidia Corp said his planned acquisition of Arm from SoftBank Group Corp cost an “arm and a leg,” but that the chip designer’s valuable network of customers made it worthwhile. Japanese tech conglomerate SoftBank announced in September it would sell Arm to U.S. chip designer Nvidia for $40 billion as it builds a cash pile through asset disposal. “I had to pay you an arm and a leg for it,” Jensen Huang told SoftBank CEO Masayoshi Son in a pre-recorded conversation at annual conference SoftBank World. …read more […]

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Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout. Exxon this year has pledged deep cost and jobs cuts that could be announced as early as Friday, and the decision to hold the dividend stable could indicate it expects the cost-cutting will allow it to continue making the hefty payout. At $3.48 per share, the annual dividend is equal to 10.6% of its share price. …read more […]

(Bloomberg) — Exxon Mobil Corp. is maintaining the third-highest dividend in the S&P 500 Index, underscoring its historic commitment to the payout despite this year’s virus-driven oil crash.Investors will be paid 87 cents a share for the current quarter, matching the level of the last six periods, the Irving, Texas-based company said in a statement. The oil giant trails only Microsoft Corp. and AT&T Inc. among S&P 500 companies in payouts to shareholders over the past 12 months, according to Bloomberg data.The plunge in crude prices and demand for petroleum products caused by the pandemic sent shock waves through the …read more […]

Stock futures opened slightly higher Wednesday evening after the three major indices endured a deep rout during the regular session. …read more […]

(Bloomberg) — It’s a fool’s errand trying to find an election signal in a stock market roiled by a global pandemic, but investors will take any edge they can get. One such indicator is flashing a warning for Donald Trump’s chances on Nov. 3.The sharp equities selloff over the past few days doesn’t bode well for the incumbent party, if history is any guide. Since 1928, the S&P 500’s performance in the three months leading up to the presidential election has correctly signaled who will win 20 out of 23 times, according to data compiled by Strategas Research Partners LLC. …read more […]

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 […]

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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 […]