In this article XOM Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief that the oil giant will be integral to the energy transition. “I am,” he said Thursday on CNBC’s “Squawk on the Street” when asked if he was planning to buy more
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Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. Today’s crop of earnings reports are chock-full of companies reporting earnings above expectations and, most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the
A traveler wearing a protective mask speaks with an attendant at the Southwest Airlines check-in area at Oakland International Airport in Oakland, California, U.S., on Tuesday, Jan. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AT&T — The telecom and media stock jumped 4.6%
The first three months of 2021 saw the strongest quarter for Hamptons home sales in six years, continuing the trend of suburbs and rural vacation areas seeing record growth and a lack of inventory during the pandemic. There were 509 home sales in the Hamptons, up nearly 50% from 343 sales in the first quarter
A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images Closed sales of existing homes fell 3.7% in March to a seasonally adjusted annualized rate of 6.01 million units, according to the National Association of
Russia’s defence minister has ordered tens of thousands of troops recently deployed close to the border with Ukraine to return to their bases in a move likely to ease immediate fears of a conflict and tensions with the west. Moscow had moved as many as 100,000 troops, alongside tanks, military aircraft and naval ships, to
Illinois-based Carle Foundation will offer about $600 million of double-A-minus rated paper over the next month to finance upgrades at some of its five hospitals and reimburse itself for acquisitions that helped bolster its market position. Despite a weakening of its operating performance, the system is highlighting its continued profitability in the face of blows
Two Attractive Stocks to Grab Investor’s Attention
This past weekend, Cryptocurrency coins experienced a downfall in prices after hitting all-time highs in the last couple of weeks. The market tanked early on Sunday morning, with Bitcoin taking the most extreme hit as it dropped $10K within a few hours. Dogecoin was the least affected crypto on the market, in comparison to others.
Municipals were steady on Wednesday as the focus remained on the primary with secondary trading light and high-grade municipal scales and U.S. Treasury yields both unchanged while investors again poured in billions into municipal bond mutual funds. “Munis continue to rest comfortably in their range as bulge bracket deals hit the primary,” Jeffrey Lipton, head
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges,
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming giant’s shares plunged more than 6% after the company reported a big subscriber miss as the demand surge from the pandemic started
Zoom, Microsoft Teams, Google Meet, and many other similar services have rapidly become staples of the real estate and larger business worlds. We have all learned to videoconference. But videoconferencing may produce some awkward surprises if we aren’t careful. Videoconferencing software often allows the conference to be recorded. Once recorded, the resulting data files can
Amanda Mier is graduating from UC Berkeley and ready to move to New York! The question is: Can she afford it? Amanda Mier | CNBC After three semesters of online school, I’ve been in denial, but it’s time to face it. I graduate in a month. I wish I could be in college forever (who
The US justice department will investigate whether there is a pattern of unlawful policing at the Minneapolis police department in the wake former officer Derek Chauvin’s conviction on charges of murdering George Floyd. The probe was announced by US attorney-general Merrick Garland less than 24 hours after a jury in Minneapolis found Chauvin guilty of
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