Marathon Oil (MRO), which has been struggling with quarterly losses, will likely become profitable in the coming quarters as it ramps up volumes from its four US onshore assets and benefits from improvement in oil prices.
Asian shares were mixed early Friday in the last trading session of 2016, with a weaker dollar hurting the competitiveness of exports in the region, while an overnight drop in oil prices sent key energy stocks lower.
The greenbacks rally has shown signs of slowing in recent days as doubts rose over the assumption of the U.S. Federal Reserves rapid interest rate increases. Earlier this week,....More>>>
Some people like to invest in stocks. Some people like to invest in real estate. Some people like to trade commodities… But all I want is an investment that goes up every year, regardless of what's going on in the stock market. We call these businesses World Dominating Dividend Growers (or "WDDGs"). WDDGs are often the No. 1 or No. 2 companies in their industries.....More>>>
Big U.S. banks like Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C) and Bank of America (BAC) have completed their Comprehensive Capital Analysis and Review, or CCAR, submissions and now investors will wait to see how much capital the Fed allows them to return to shareholders. Credit Suisse analyst Susan Roth Katzke and team offer their thoughts:
Could Twitter be finally adding an edit button? In new tweets from CEO Jack Dorsey, the answer may actually be yes.
After asking users for what they would want to see Twitter add or improve on it 2017 (borrowing the idea from Airbnb CEO Brian Chesky), the co-founder of the popular social network was inundated with requests to allow people to edit their tweets. And judging by his response,....More>>>
Investors like FedEx’s (FDX) earnings. A lot. So much so that they’ve pushed its shares up 10.83% to $159.90 at 1:38 p.m. And if FedEx holds onto that gain it would be its biggest one-day move since Sept. 19, 2002, when it climbed 11.59%.
Christopher Dilts/Bloomberg News
Why the response? RBC’s John Barnes and team write that there’s “no weakness....More>>>
The Chicago Board of Options Exchange (CBOE) launches its futures exchange for Bitcoin at 5:00 p.m. CT, Sunday, December 10. Contracts will trade under the ticker symbol XBT and the CBOE is waiving all transaction fees for XBT futures for the entire month of December.
The Bank of Nova Scotia BNS aims to become the third-largest private bank in Chile with the acquisition of Banco Bilbao Vizcaya Argentaria, S.A.'s BBVA 68.19% stake in BBVA Chile for about $2.2 billion (CAD$ 2.9 billion).
BBVA will accept the binding offer submitted by Scotiabank if t