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RSS feedDisplaying articles 1 - 10 of most recent articles

Visa deposits $600 million into litigation escrow account that functions like a share buyback Visa Inc. said Tuesday that its board of directors approved a deposit of $600 million into a litigation escrow account that the company previously set up in response to a years-old merchant lawsuit. The account is set up so that funding of the litigation | 4 hours, 30 minutes ago | comment? | recommend
API data reportedly show a 3.8 million-barrel fall in U.S. crude supplies The American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 3.8 million barrels for the week ended June 24, according to sources. The API also reportedly showed a weekly inventory increases of nearly 2.9 million barrels for | 4 hours, 34 minutes ago | comment? | recommend
Disney extends CEO Chapek's contract three years Walt Disney Co.'s board on Tuesday unanimously voted to extend Chief Executive Bob Chapek's contract for three years. "Disney was dealt a tough hand by the pandemic, yet with Bob at the helm, our businesses -- from parks to streaming -- not only weathered | 4 hours, 43 minutes ago | comment? | recommend
U.S. stocks end lower, Dow falls almost 500 points as consumer confidence slumps U.S. stocks closed sharply lower Tuesday, falling for a second straight day, as a fresh reading on consumer confidence slumped more than expected. The Dow Jones Industrial Average dropped around 490 points to close about 1.6% lower, while the S&P 500 slid | 5 hours, 10 minutes ago | comment? | recommend
Top 5 U.S. companies losing a total of $260 billion in market cap, led by Apple and Amazon Shares of the top-five largest U.S. companies by market capitalization are all falling more than the broader stock market, as the stocks of Inc. and Tesla Inc. led the way lower. The combined market-cap losses of the five companies was about $2 | 6 hours, 23 minutes ago | comment? | recommend
Oil gains for a third straight session, with U.S. prices at their highest since mid-June Oil futures finished higher for a third consecutive session on Tuesday, with the U.S. crude benchmark settling at its highest price since mid-June. "The easing of China's zero-COVID policy helped oil to the third day of gains following a decent correction | 6 hours, 27 minutes ago | comment? | recommend
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3 Charts Showing Optimism For The Global Shipping Industry We remain bullish on the global shipping industry for a number of reasons. Hereare three charts showing how carriers look to be in positive territory heading into year-end. | 6 hours, 28 minutes ago | comment? | recommend
Amazon stock falls again after price target cut by 20% at UBS Shares of Inc. slumped 4.8% in afternoon trading Tuesday, adding to Monday's 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock price target to $167 from $209, citing "some risks" to the ecommerce and cloud giant's financial outlook depe | 7 hours ago | comment? | recommend
Rishi Sunak cooling on windfall tax on UK electricity generators Government worried about perverse consequences of applying policy including risk of losing investment
Financial Times | 7 hours, 28 minutes ago | comment? | recommend
Gold settles at its lowest price in nearly 2 weeks Gold futures fell on Tuesday, posting back-to-back losses to mark their lowest settlement in nearly two weeks. "It's not surprising that gold continues to struggle on upticks," said Peter Grant, vice president and senior metals strategist at Zaner Metals | 7 hours, 38 minutes ago | comment? | recommend