Sirius XM Holdings Inc. (NASDAQ:SIRI) defied analyst predictions to release its third-quarter results, which were… …read more […]
This week’s marquee earnings and economic data reports will mostly take place later in the week, with the majority of the FAANG stocks reporting after market close on Thursday. …read more […]
The combined company is expected to generate annual synergies of $1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta, Canada, the statement said. Cenovus CEO Alex Pourbaix will serve as chief executive of the merged company with Jeff Hart, currently Husky’s finance chief, becoming chief financial officer. Cenovus said the combined company will be the third largest Canadian oil and natural gas producer with production of 750,000 barrels of oil equivalent per day of low-cost oil and natural gas. …read more […]
Wood Mackenzie has described the $9.7 billion deal as ‘remarkable’. …read more […]
(Bloomberg) — Six months on from crude’s era-defining price crash and Big Oil is suffering from whiplash.Prices may have stabilized around $40 a barrel as OPEC+ curbed supply, but as the coronavirus surges through Europe once again, the twin safety nets for majors in previous downturns — refining and trading — have come under severe pressure as consumers stay home.“Refining margins are absolutely terrible,” Patrick Pouyanne, Total SE’s Chief Executive Officer, said earlier this month. The French major, along with a raft of other oil companies and refiners, have warned investors that slumping margins will be a drag on profits. …read more […]
AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) has authorized the restart of the US late-stage trial of AZD1222, its coronavirus vaccine candidate, which it is developing together with Oxford University.AstraZeneca (AZN) said that that the FDA reviewed all safety data from trials and concluded it was safe to resume the trial. AZD1222’s clinical trials have now resumed globally as regulators in the UK, Brazil, South Africa and Japan over the past weeks confirmed that it was safe to do so.On Sept. 6, all global clinical trials of AstraZeneca/Oxford’s vaccine candidate were halted after an adverse …read more […]
Harry Markopolos is the former derivatives professional turned independent financial fraud investigator who uncovered the $65 billion Bernie Madoff Ponzi scheme, only to be ignored by the SEC for over nine years. A vocal critic of the US regulator, Harry now has the audit world and insurance industry in his sights as the next big financial frauds yet to come to light. …read more […]
(Bloomberg) — Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.Lee passed away on Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. His family will hold a private funeral. He had surgery in 2014 after a heart attack and was treated for lung cancer in the late 1990s.Lee, who told employees to “change everything except your wife and children” during his drive to foster innovation and challenge rivals …read more […]
Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said. The charismatic leader of Samsung Group and the country’s richest person, grew it into South Korea’s biggest conglomerate. …read more […]
In February 1993, five years after taking over from his father at South Korea’s Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn’t making his mark. After a tense nine-hour follow-up meeting, Lee kick-started a strategic shift at Samsung – to gain market share through quality, not quantity. Lee, who died aged 78 on Sunday after being hospitalised for a heart attack in 2014, was driven by a constant sense of crisis, which he instilled in his leadership teams to drive change and fight complacency. …read more […]
It’s a particularly busy week ahead. While economic data will influence, Brexit, COVID-19, and U.S politics will be in the driving seat. …read more […]
Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018. …read more […]
In Chief Income Strategist Marc Lichtenfeld’s most recent edition of his popular YouTube series State of the Market, he pulled back the curtain on the historic earnings season that officially kicked off this past week.
Some stocks, like blue chip banks Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC), continue to trade at deep discounts due to earnings misses, as Contributing Analyst Jody Chudley revealed on Thursday.
Meanwhile, some winners have already broken away from the pack…
Take Logitech International (Nasdaq: LOGI), for example. This software manufacturer has a strong history of beating analysts’ estimates for earnings, outshining expectations for the past nine …read more […]
(Bloomberg) — A U.S. trade court on Saturday temporarily blocked the Trump administration’s latest bid to end a loophole it had granted on two-sided solar panels.The order comes weeks after President Donald Trump moved to eliminate a tariff exemption for the two-sided, or bifacial, panels. Prior to that proclamation, the government tried for more than a year to revoke the exemption, only to get repeatedly thwarted by the trade court.Court of International Trade Judge Gary Katzmann issued a temporary restraining order that effectively prevents the tariff exemption from being removed for two weeks, unless the court takes other action during …read more […]
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