Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity’s $28 billion Blue Chip Growth Fund, whose exposure to the troubled e-cigarette maker has climbed to $761 million amid a regulatory backlash and departure of its top executive.
U.S. energy major Chevron Corp has decided to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay the bill for removing offshore oil and gas platforms, the company told Reuters on Wednesday.
Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank’s executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.
U.S. stocks rose on Wednesday as investors looked past Democrats’ attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results.
Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.
U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets.
Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs’ lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.
Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank’s executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.
Best Buy Co Inc aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025, while ramping up its healthcare technology business, the biggest U.S. consumer electronics retailer said on Wednesday.
U.S. oil and gas activity in some of the largest producing regions is declining, led by a weakening oilfield services sector as producers cut spending, according to an energy survey released on Wednesday by the Federal Reserve Bank of Dallas.
A U.S. judge on Wednesday dismissed three lawsuits accusing Credit Suisse Group AG of misleading investors about a complex product for betting on stock market swings, and causing huge losses when it lost 96% of its value in one harrowing day.
U.S. President Donald Trump voiced skepticism on Wednesday over whether House of Representatives Speaker Nancy Pelosi will hold a vote on the new U.S-Mexico-Canada trade agreement (USMCA) after Democrats opened an impeachment inquiry against him.
The United States has the largest pipeline network in the world. About 2.4 million miles of pipeline snake across the country, bringing natural gas, oil, natural gas liquids (NGLs), refined petroleum products and petrochemicals from production centers to consumers.
As long as the U.S. remains dependent on fossil fuels, pipeline stocks could be a great investment.
Midstream pipelines connect upstream companies (the extractors of crude oil and natural gas) and downstream companies (the refiners and processors). Upstream and downstream companies usually own and maintain a smaller pipeline infrastructure. Usually, the biggest pipeline stocks are the midstream companies.
Pipelines are one of the most …read more […]
Environmental activist Greta Thunberg’s discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its “green” goals.
General Motors Co will enable U.S. owners of 2018 and newer model vehicles to download Amazon.com’s Alexa digital assistant software to control navigation, streaming media and phones starting next year, the companies said on Wednesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
