Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.
Kinder Morgan Inc expects to bring the remaining nine units of its liquefied natural gas (LNG) export facility at Elba Island into service by the first half of next year, Chief Executive Officer Steven Kean said on Wednesday. The first unit of Kinder Morgan’s Elba Island facility began producing LNG natural gas for export last month, and is one of several new U.S. projects adding to global supplies. The company expects to end 2019 with adjusted pre-tax earnings 3% below its budget, with the delays contributing to the variance, Chief Financial Officer David Michaels said. …read more […]
U.S. and Chinese trade negotiators still have work to do on a “phase one” trade agreement ahead of a targeted signing by U.S. President Donald Trump and Chinese President Xi Jinping next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Variations range from compensated dating to sugar friendships with benefits and pragmatic love, a new study finds. …read more […]
(Bloomberg Opinion) — CSX Corp.’s results were better than many feared they would be, but they came at the expense of several hundred jobs.The railroad on Wednesday said third-quarter revenue declined 5% as the the uncertainty wrought by the trade war and a slump in coal shipments weighed on cargo volumes. Even so, CSX’s earnings per share for the period beat analysts’ estimates and its operating ratio – a measure of profitability in which a lower number is better – fell to 56.8%, compared with 58.7% a year earlier and 57.4% in the second quarter. That reflected in part a …read more […]
Netflix were higher after the streaming service reported its Q3 earnings, beating estimates. Leigh Drogen, the CEO of Estimize, joins Yahoo Finance’s Jen Rogers, Myles Udland and Dan Roberts to talk about the results. …read more […]
There were two areas of concern in Netflix’s third quarter earnings report. …read more […]
The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme through which they reaped over $31 million in illicit profits.
Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.
Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars.
Yahoo Finance’s Jen Rodgers and Myles Udland discuss. …read more […]
International Business Machines Corp missed analysts’ estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.
Earnings will continue as the focal point for investors Thursday, as Morgan Stanley and Union Pacific gear up to report. …read more […]
Yahoo Finance’s Myles Udland gives a preview of what will be making headlines on Thursday, October 17th. …read more […]
The U.S. Securities and Exchange Commission said on Wednesday that it has obtained an asset freeze against 18 China-based traders over a market-manipulation scheme.
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