Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated attempts to list on the stock market, three people familiar with the matter said.
Capstone Turbine Corporation’s (NASDAQ:CPST): Capstone Turbine Corporation develops, manufactures, markets, and… …read more […]
Gil Van Bokkelen became the CEO of Athersys, Inc. (NASDAQ:ATHX) in 1995. This analysis aims first to contrast CEO… …read more […]
(Bloomberg) — Oil headed for a 5% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies.Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. crude inventories and a political crisis in Libya that has halted the OPEC member’s oil exports. Yet the signs of tighter supply paled against the International Energy Agency’s assessment that “the world is awash with oil,” a surplus that could grow if the virus outbreak hits consumption of jet fuel in China, the world’s …read more […]
The Walt Disney Company (NYSE:DIS) saw significant share price movement during recent months on the NYSE, rising to… …read more […]
Sweden’s Ericsson reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks.
(Bloomberg) — Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials that there would be a historic reckoning for the fossil fuel giant.It ended ignominiously as a failed accounting fraud claim.But that was just the beginning. Globally, humans are on the hook for trillions of dollars if they want to sufficiently reduce greenhouse gas emissions, acclimate to the damage already done and prepare for what is yet to come. As more governments and taxpayers find themselves staring down the …read more […]
European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world.
Today we’ll look at STMicroelectronics N.V. (EPA:STM) and reflect on its potential as an investment. In particular… …read more […]
Shares in seeds and pesticides maker Bayer opened 2.3% higher on Friday, driven by a report on a possible out-of-court settlement of a U.S. jury trial over allegations that its weed killer Roundup causes cancer.
The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected.
(Bloomberg) — Stocks rose in Europe and U.S. index futures edged higher as investors mulled China’s restrictions on movement for 30 million people to contain a deadly virus from spreading, while keeping an eye out for economic data. Oil steadied after a three-day slide.Miners and banking shares led the Stoxx Europe 600 Index higher, while contracts on the three main gauges on Wall Street pointed to a firm open. Officials in China widened their travel ban beyond the epicenter of the outbreak, yet the World Health Organization stopped short of calling the virus a global health emergency, saying it remains …read more […]
Brad Garlinghouse, CEO of Ripple, has indicated that the firm could go public in the next 12 months. Speaking at the World Economic Forum in Davos, Garlinghouse told the Wall Street Journal on Thursday that an initial public offering (IPO) is a “natural evolution” for the company. “In the next 12 months, you’ll see IPOs […]The post Ripple’s IPO could come within 12 months, suggests CEO appeared first on The Block. …read more […]
(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Volkswagen AG Chief Executive Officer Herbert Diess is sending a message to Elon Musk: We’re coming for Tesla Inc.While Tesla is paving the way in electric cars, the world’s biggest automaker is buying software companies and ramping up investments in sustainable vehicles and battery cells, Diess said Friday at the World Economic Forum in Davos, Switzerland.“It’s an open race,” Diess said in an interview with Bloomberg TV. “We are quite optimistic that we still can keep the pace with Tesla and …read more […]
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