Category: Trucking News

Copper miner Freeport-McMoRan reinstates dividend on stronger outlook

Freeport-McMoRan Inc reinstated its cash dividend on Tuesday, three years after suspending it, reflecting a stronger financial position, improved market conditions and a positive outlook for cash generation. Freeport, the world's biggest publicly listed copper producer, declared a quarterly dividend of 5 cents a share. If that rate is maintained it would equal the 20 cent annual dividend it suspended in December 2015 to save cash and repay debt at a time of weak copper prices.


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Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill

Bitcoin picked up more than 12% in afternoon trading, and the cryptocurrency market added $40 billion in value. Lawmakers pressed the two top financial regulators during a morning hearing on cryptocurrency — and now the market for digital currency is storming back. At the time of writing, the coin was trading up 12% against the US dollar at $7,756 — a more than $1,700 increase from its daily low set early Tuesday morning.


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