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Exxon Mobil to keep dividend flat for first time since 1982, , on October 28, 2020 at 10:54 pm
Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout. The largest U.S. oil producer by volume was caught off guard by...
Tiffany and LVMH Approach New Deal, , on October 28, 2020 at 10:45 pm
The two firms hashed out a price of $131.50, sources said, but the jeweler’s board still needs to sign off on it to move on., The two firms hashed out a price of $131.50, sources said, but the jeweler’s board still needs to sign off on it to move on.,
Exxon Keeps S&P 500’s Third-Highest Dividend Despite Oil Rout, , on October 28, 2020 at 10:42 pm
(Bloomberg) -- Exxon Mobil Corp. is maintaining the third-highest dividend in the S&P 500 Index, underscoring its historic commitment to the payout despite this year’s virus-driven oil crash.Investors will be paid 87 cents a share for the current quarter, matching...
Stock market news live updates: Stock futures open higher after rout, , on October 28, 2020 at 10:16 pm
Stock futures opened slightly higher Wednesday evening after the three major indices endured a deep rout during the regular session., Stock futures opened slightly higher Wednesday evening after the three major indices endured a deep rout during the regular session.,
Time-Honored Market Election Signal on Verge of Turning on Trump, , on October 28, 2020 at 10:03 pm
(Bloomberg) -- It’s a fool’s errand trying to find an election signal in a stock market roiled by a global pandemic, but investors will take any edge they can get. One such indicator is flashing a warning for Donald Trump’s chances on Nov. 3.The sharp equities selloff...
Raytheon Sinks After Disclosing U.S. Probe of Defense Books, , on October 28, 2020 at 10:00 pm
(Bloomberg) -- Raytheon Technologies Corp. fell after the company disclosed a demand from the U.S. Department of Justice for records dating back more than a decade from the company’s missile business.The criminal subpoena was dated Oct. 8 and Raytheon is cooperating,...
UPS sinks despite profit, revenue beat, , on October 28, 2020 at 9:44 pm
Yahoo Finance's Kristin Myers and Sibile Marcellus discuss why UPS shares sunk despite better than expected quarterly earnings., Yahoo Finance's Kristin Myers and Sibile Marcellus discuss why UPS shares sunk despite better than expected quarterly earnings.,
ByteDance Pulls Most of Its TikTok Traffic From Fastly Network, , on October 28, 2020 at 9:41 pm
(Bloomberg) -- ByteDance Ltd. pulled most of its TikTok traffic from the network of Fastly Inc., suggesting a crackdown by the Trump administration is forcing the Chinese technology giant to change its operations.Fastly runs a content delivery network that pushes data...
Toyota, Lexus recall list: Company adds 1.5M US vehicles for engine stalling, , on October 28, 2020 at 9:25 pm
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Mortgage rates sink to a record low — and borrowers say, ‘Yes, please’, , on October 28, 2020 at 9:15 pm
Rates go lower and lower, prompting more homeowners and homebuyers to pounce., Rates go lower and lower, prompting more homeowners and homebuyers to pounce.,
Visa posts beat on quarterly estimates, , on October 28, 2020 at 9:01 pm
Visa reported Q4 estimates that topped the Street's expectations. The credit-card company posted $1.12 EPS and $5.41B in revenue, outperforming consensus estimates of $1.09 EPS and $5B in revenue. Yahoo Finance’s Myles Udland breaks down the details., Visa reported Q4...
Agnico Eagle Reports Third Quarter 2020 Results – Strong Operational Performance and Record Realized Gold Prices Drive Strong Quarterly Free Cash Flow; Dividend Increased by 75%; Ongoing Exploration Success Reported at Existing Operations and Pipeline Projects, , on October 28, 2020 at 9:00 pm
Stock Symbol: AEM (NYSE and TSX)(All amounts expressed in U. dollars unless otherwise noted)TORONTO, Oct., Stock Symbol: AEM (NYSE and TSX)(All amounts expressed in U. dollars unless otherwise noted)TORONTO, Oct.,
Golden Star Resources Reports Results for the Three and Nine Months Ended September 30, 2020, , on October 28, 2020 at 8:53 pm
Operational Delivery Continues as Prestea Sale Unlocks Investment CapacityTORONTO, Oct. 28, 2020 /CNW/ - Golden Star Resources Ltd., Operational Delivery Continues as Prestea Sale Unlocks Investment CapacityTORONTO, Oct. 28, 2020 /CNW/ - Golden Star Resources Ltd.,
Ford posts beat on quarterly estimates, , on October 28, 2020 at 8:52 pm
Ford reported Q3 estimates that topped the Street's expectations. The auto-manufacturer posted $0.65 EPS and $34.7B in revenue, outperforming consensus estimates of $0.19 EPS and $33.98B in revenue. Yahoo Finance’s Jared Bilkre breaks down the details., Ford reported...
Etsy beats Q3 estimates as online shoppers boost sales, , on October 28, 2020 at 8:35 pm
Etsy beat investor expectations on both top and bottom lines in its third quarter earnings report, released after hours on Wednesday. Although the company posted higher Q3 profit thanks to a boost in online shopping, expects a possible deceleration, particularly on...
Pinterest sees revenue boom in Q3, driven by recovery in advertising demand, , on October 28, 2020 at 8:27 pm
Pinterest released its third quarter earnings report after hours on Wednesday, beating on its top line and bottom lines. The company saw its monthly active users rise 37% and its revenue grow 58% year over year driven with a recovery in advertiser demand. Yahoo...
Visa profit falls 23% as payment volumes plunge, , on October 28, 2020 at 8:20 pm
Net income fell to $2.4 billion, or $1.07 per Class A share, for the fourth quarter ended Sept. 30, from $3.03 billion, or $1.34 per Class A share, a year earlier. Net revenue fell 17% to $4.8 billion as consumer spending was limited due to the health crisis, which...
Osteoporosis drug helps Amgen third-quarter profit beat estimates, , on October 28, 2020 at 8:09 pm
The higher-than-expected results were partially offset by lower drug prices and the effects of the COVID-19 pandemic. The biotechnology company said that more patients had resumed interacting with their doctors in the third quarter than earlier in the health crisis,...
Pelosi Hopes Market Rout Pushes Trump Into a Stimulus Deal, , on October 28, 2020 at 8:02 pm
(Bloomberg) -- House Speaker Nancy Pelosi said she hopes the current selloff in U.S. stocks will prompt President Donald Trump to agree to Democratic demands in stalled stimulus talks and end a three-month stalemate.“What the president cares a lot about is the stock...
Callaway Golf plunges following Topgolf merger, , on October 28, 2020 at 8:00 pm
Shares of Callaway Golf plunged on Tuesday following an announcement that Callaway and Topgolf had agreed on an all-stock merger, with Topgolf having an implied equity value of approximately $2 billion. Yahoo FInance’s Dan Roberts joins The Final Round panel to...
Boeing warns of layoffs amid COVID-19, 737 Max woes, , on October 28, 2020 at 7:02 pm
Yahoo Finance’s Emily McCormick and Kristin Myers discuss Boeing's quarterly earnings as the company warns of layoffs., Yahoo Finance’s Emily McCormick and Kristin Myers discuss Boeing's quarterly earnings as the company warns of layoffs.,
US STOCKS-S&P 500, Dow sink 3% to late-Sept lows on virus, election worry, , on October 28, 2020 at 6:55 pm
The S&P 500 and the Dow slumped on Wednesday to their lowest levels since late September, as coronavirus cases climbed globally and investors also worried about the possiblity of a contested U.S. presidential election next week. A spiraling pandemic and the...
Is Xeris Pharmaceuticals (NASDAQ:XERS) Weighed On By Its Debt Load?, , on October 28, 2020 at 6:41 pm
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility..., Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...,
Did Neovasc Inc. (TSE:NVCN) Insiders Buy Up More Shares?, , on October 28, 2020 at 6:14 pm
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that..., It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...,
VMware (NYSE:VMW) Has Gifted Shareholders With A Fantastic 184% Total Return On Their Investment, , on October 28, 2020 at 5:53 pm
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares..., When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares...,
U.S. antitrust regulator loses bid to revive Qualcomm case, , on October 28, 2020 at 5:38 pm
In a brief order, the U.S. 9th Circuit Court of Appeals said it would not rehear arguments over whether the San Diego, California-based company had engaged in anticompetitive patent-licensing practices to keep a monopoly on the market for modem chips that connect...
Have Insiders Been Buying STORE Capital Corporation (NYSE:STOR) Shares?, , on October 28, 2020 at 5:14 pm
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be..., We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...,
Why Gilead Sciences (GILD) Stock is a Compelling Investment Case, , on October 28, 2020 at 4:38 pm
Tao Value recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 7.08% for the quarter, underperforming its benchmark, the MSCI All Country World Index (ACWI) which returned 8.41% in the same quarter. You...
LVMH, Tiffany agree on lower price in takeover deal, sources say, , on October 28, 2020 at 4:12 pm
U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move that could end a legal dispute between the two, two sources familiar with the matter said on Wednesday. The new terms would...
Alibaba’s Co-Founder Lucy Peng to Get $5 Billion Richer on Ant IPO, , on October 28, 2020 at 4:08 pm
(Bloomberg) -- Lucy Peng has been dubbed Alibaba Group Holding Ltd.’s most influential woman.The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she’s played a key role guiding Jack Ma’s...
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