A plunge in equity markets on Monday boosted market expectations for the Fed to cut interest rates to insulate the U.S. economy from the effects of the Coronavirus. …read more […]
(Bloomberg) — Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to present the oil explorer’s long-term strategic plan to investors and analysts.The shares have been under pressure since Exxon disclosed disappointing fourth-quarter results in late January and prospects for a near-term recovery were dimmed by the spreading coronavirus. Excess supplies of natural gas, chemicals and motor fuels also weighed on the oil supermajor.Exxon fell 4.7% to close at $56.36 on Monday in New York as Brent …read more […]
(Bloomberg) — HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal computer maker.HP said it would increase share buybacks to $15 billion from a $5 billion program announced in October. This will result in adjusted profit of $3.25 to $3.65 per share in fiscal 2022, which is about $1 more per share than analysts’ projections. HP also said it would reach out to Xerox to explore a combination on its own terms, rather than succumbing …read more […]
US market tumbles on accelerating coronavirus fears, yet Buffett welcomes price drop Continue reading… …read more […]
Boeing Co on Monday nominated Steve Mollenkopf and Akhil Johri to its board and said two of its directors will retire.
JPMorgan Chase & Co executives plan to announce new climate-change initiatives on Tuesday, including restrictions on financing coal mining and Arctic drilling, as well as a $200 billion target to provide financing for sustainable projects.
Looking back, this just might be the day that the bull market died…
As I’m sure you know, the Dow futures opened down more than 800 points as the rapid spread of the coronavirus sparked fears of a global economic impact.
Making the most headlines was the fact that the virus spread to northern Italy – the country was forced to cancel the famous Venice Carnival after officials said they now have 152 confirmed cases, which is the most in any country outside Asia.
In many respects, everything we saw today had been warned about over the last 2 to 3 weeks, but …read more […]
HP Inc said on Monday it would step up efforts to slash costs and buy back stock, as it seeks investor support to defend against a $35 billion takeover offer from U.S. printer maker Xerox Holdings Corp .
HP management sends a clear message to would he acquirer Xerox. …read more […]
Berkshire Hathaway CEO Warren Buffett isn’t panicking about the impact of the coronavirus on markets in the long-term. Yahoo Finance’s Seana Smith and CFRA research analyst Cathy Seifert discuss. …read more […]
Oil prices tumbling as coronavirus hit demand. The Schork Report’s Stephen Schork joins Yahoo Finance’s Seana Smith on The Ticker. …read more […]
The Dow Jones Industrials was on track for its biggest daily decline in two years and the S&P 500 fell more than 3% on Monday, as investors fled riskier assets as fears about the global economic impact of the coronavirus intensified after a surge in cases outside China.
Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
