(MT Newswires) – Crude ended Friday’s session higher, supported by expectations of more output cuts from the Organization of the Petroleum Exporting Countries (OPEC) and its allies. Russia had said that it extended an output reduction deal with OPEC, while Saudi Arabia, the de facto leader of the organization, plans to maintain its crude oil […]
3:03 PM, Aug 5, 2019 — Target (TGT) appears to be setting itself up to be a “survivor” in the retail sector as erosion in its margins is seen moderating in the near term, Morgan Stanley said Monday. The firm lifted its rating on the Minneapolis-based big-box retailer to equal-weight from underweight. “We think the […]
Crude ended Friday’s session higher, regaining ground after seeing its biggest one-day decline in more than four years, but ultimately ended the week in the red amid worsening trade relations between the world’s two largest economies. Earlier this week, crude prices were on the uptick; according to Action Economics, expectations for a Federal Reserve rate […]
10:28 AM, Jul 29, 2019 — Pfizer (PFE) on Monday reported second-quarter revenue that missed expectations as it also agreed to combine its off-patent Upjohn business with Mylan (MYL) in an all-stock reverse Morris trust transaction. New York-based Pfizer said adjusted diluted earnings rose to $0.80 per share for the most recent quarter, up from […]
(MT Newswires) – Crude ended Friday’s session higher amid ongoing tensions in the Middle East, which are threatening the free flow of oil in the region. Iran and the UK are embroiled in a tense standoff over British authorities’ seizure of an Iranian tanker off Gibraltar in early July and Iran’s detention of a UK-flagged […]
10:43 AM, Jul 25, 2019 — Southwest Airlines (LUV) on Thursday said it would extended its timeline for its Boeing (BA) 737 MAX jetliners to return to service until at least early January and would consolidate service to one of New York’s three major airports. “Based on the most recent guidance from Boeing, we currently […]
12:48 PM, Jul 24, 2019 — Facebook (FB) will pay a record $5 billion fine and submit itself to new restrictions and a corporate structure that will hold the social-media giant accountable for users’ privacy, the Federal Trade Commission said Wednesday. Separately, the Securities and Exchange Commission said the company will pay $100 million to […]
8:47 AM, Jul 23, 2019 — United Technologies (UTX) raised its outlook for the full year on Tuesday after reporting second-quarter results that came in ahead of Wall Street’s projections, with sales driven by a surge in aerospace systems. The maker of Pratt & Whitney engines and Carrier air conditioners now sees adjusted 2019 earnings […]
(MT Newswires) – Crude ended Friday’s session lower, with prices recording their biggest weekly decline since the end of May amid falling demand for oil and mounting geopolitical risks in the Middle East. According to the BBC, the owners of Stena Impero, which was bound for Saudi Arabia, said they are unable to contact the […]
7:33 AM, Jul 19, 2019 — Shares of Skechers USA (SKX), the third-largest athletic footwear brand in the US, rose in early trade on Friday after the firm said soaring international sales boosted group turnover to a record in the second quarter, setting the stage for a revenue and earnings beat as well as guidance […]
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