The markets initially popped to the positive side today reacting early to a CNBC interview that revealed that Treasury Secretary Steven Mnuchin had told CNBC that the “U.S. and China were close to a trade deal, and he’s optimistic that progress can be made during weekend...
Norway’s $1 trillion wealth fund is reportedly now permitted again to invest in miner Rio Tinto and retailer Walmart after it was excluded and prohibited from the fund’s investments on ethical grounds previously, as reported by the board of the Central Bank. The board informed...
Reportedly, Susquehanna’s analyst James Friedman predicts Visa may surpass shares of the rival MasterCard in the near future. Both Visa and MasterCard’s business has been performing quite well and possess extensive growth opportunities. MasterCard shares have seen market growth of ~41% this year and Visa...
The markets felt negative pressure today from the further selloff of the mega caps as it digested a tempered and or a clipped alternative approach to monetary policy which was described by Fed Chair Jerome Powell. He seemed to be trying to revise the markets’...
Exxon Mobil Corp’s new integrated refining complex is reportedly due to start in 2023. This complex will convert fuel oil and other residual crude products into higher-value lube base stocks and meet stringent emissions rules by the International Maritime Organisation (IMO). Recently, IMO had introduced...
Reportedly, Exxon Mobil will be selling all of the stakes that it holds in oil and gas fields located off the Norwegian coast. Exxon had sold its operated assets in the area two years back and was currently in possession of more than 20 fields,...
Wal-Mart Stores, Inc. (WMT), accused of violating Foreign Corrupt Practices Act (FCPA) by the Securities and Exchange Commission (SEC), agreed to pay $144 million to the SEC and $138 million to the Justice Department in order to settle all the criminal and civil claims made...
General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston & is a worldwide infrastructure and financial services company. It combines outstanding engineering with software and analytics to help the world tackle its biggest challenges: energy, health,...
Pfizer (PFE) is a leading global provider of anti-infective medicines, offering patients access to a diverse portfolio of more than 80 products. This week, Pfizer Inc announced to acquire Array BioPharma Inc in a definitive merger agreement. Array BioPharma Inc, a biopharmaceutical company working on...
The markets caught a bit of ‘mixed conviction blues’ this Monday as it laid in wait for further clarity from both Iran situation and the US-China trade wars this week and on the backside of such a significant run this year not to mention the...