Saudi Arabia’s strategy for Aramco IPO and $80 oil

Saudi Arabia’s strategy for Aramco IPO and $80 oil

Saudi Arabia is finally shedding some light on its proven oil reserves, and I guess it is better late than never. Yet, they are doing this for their own selfish reasons — and not in the interest of transparency for the good of the global economy. Continue Reading Below A new report shows that for Saudi oil production it may be a new dawn. The Saudis have finally shown their cards. For the first time…

Read More

Venture Capital investments hit record $130B in 2018

Venture Capital investments hit record $130B in 2018

Spending among venture capital (VC) firms hit a record level in 2018, surpassing a previous all-time high achieved nearly two decades ago. Continue Reading Below Last year VC firms invested $130.9 billion in U.S.-based startups, according to a new report from PitchBook and the National Venture Capital Association. Nearly 9,000 companies across the country received funding. MORE FROM FOXBUSINESS.COM… The previous record — seen in 2000 – was $100 million, during the height of the…

Read More

Stock futures take a breather after four days of gains

Stock futures take a breather after four days of gains

Equity futures are pointing to a lower open when trading begins following four straight sessions of gains. Continue Reading Below Dow Jones futures were lower by 0.5 percent. The S&P 500 slipped 0.5 percent and the Nasdaq Composite was off 0.6 percent. MORE FROM FOX BUSINESS.COM The recent rally in stocks has been fueled by optimism over trade talks between the U.S. and China. Talks between the trade delegations got underway on Monday and were…

Read More

Stocks struggle as airlines, department stores weigh

Stocks struggle as airlines, department stores weigh

U.S. stocks fell Thursday as big department store chains and airlines weighed on major indexes and investors worried about the economic effects of what is now the second-longest partial government shutdown in history. Continue Reading Below The shutdown entered its 20th day and an increasing number of reports of cash-flow problems for federal workers put investors on edge. MORE FROM FOX BUSINESS.COM Department store shares tumbled Thursday after Macy’s turned in disappointing same-store sales during the…

Read More

Stocks book 5 straight days of gains, exit correction territory

Stocks book 5 straight days of gains, exit correction territory

Stocks spent Thursday in a tug-of-war between discouraging company news and encouraging statements from the Federal Reserve chairman. Initially, downbeat company reports held sway; but by the market’s close, stocks had booked their fifth straight day of gains. Continue Reading Below Significantly, the string of daily market gains resulted in two major equity averages exiting correction territory. MORE FROM FOX BUSINESS.COM Early Thursday department store shares tumbled after Macy’s turned in disappointing same-store sales during the critical holiday…

Read More

Oil falls 1 pct on swelling US supply, concerns on trade talks

Oil falls 1 pct on swelling US supply, concerns on trade talks

Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction to trade talks between the United States and China, the world’s two largest oil consumers, that finished without concrete details to ending their dispute. Continue…

Read More

Constellation Brands: Cannabis investment will weigh on bottom line in 2019

Constellation Brands: Cannabis investment will weigh on bottom line in 2019

Constellation Brands shares slumped more than 8 percent in trading Wednesday after the Corona beer parent warned of sagging wine sales and said its investment in Canadian pot company Canopy Growth would cut into its earnings in fiscal 2019. Continue Reading Below The company said interest payments related to its debt-financed, $4 billion investment in Canopy would shave 25 cents over its estimated earnings per share in 2019. Constellation now expects to earn between $9.20…

Read More

WeWork gets $2B after SoftBank cuts planned investment

WeWork gets $2B after SoftBank cuts planned investment

article REUTERS/Bobby Yip WeWork announced on Tuesday that Japan’s SoftBank raised its stake in the company by $2 billion. Continue Reading Below That brings Softbank’s recent investment in the shared-workspace provider to $6 billion, WeWork said in a statement. MORE FROM FOXBUSINESS.COM The investment is reportedly below the $20 billion in funding the two companies had recently discussed. SoftBank Chief Executive Masayoshi Son cut the size of the investment after his company’s stock tumbled in last month’s global stock…

Read More

Stock futures point to a fourth day of gains on trade optimism

Stock futures point to a fourth day of gains on trade optimism

Equity futures were rising for a fourth day as trade negotiators for the U.S. and China extended talks for an un scheduled third day. Continue Reading Below Dow Jones futures were rising by 0.4 percent. The S&P 500 added 0.4 percent and the Nasdaq Composite was up 0.4 percent. MORE FROM FOXBUSINESS.COM Extending talks fueled optimism the world’s largest economies can strike a trade deal and avoid disrupting the global economy, according to Reuters. The…

Read More

Stocks rise on optimism about trade talks

Stocks rise on optimism about trade talks

U.S. stocks opened higher Wednesday, headed for their fourth straight session of gains, as trade negotiators for the U.S. and China extended talks for an unscheduled third day. Continue Reading Below The decision to keep negotiating fueled optimism the world’s largest economies can strike a trade deal and avoid disrupting the global economy. MORE FROM FOXBUSINESS.COM The U.S. trade delegation was set to return to the United States later on Wednesday after what a U.S….

Read More
1 2 3 4 1,540