After-tax proceeds from the sale, which has been approved by the boards of both companies, are estimated at $16.5 billion, Marathon said, adding it will use the proceeds to pay existing debt. The deal, which is expected to close in the first quarter of 2021, includes a 15-year fuel supply agreement for about 7.7 billion gallons per year associated with the Speedway business, said Marathon, the largest U.S. refiner by volume. The agreement takes 7-Eleven's store count to about 14,000 locations in the United States and Canada....
Stock futures struggled for direction Sunday evening, pointing to a mixed start to the first session of August as investors awaited another set of corporate earnings reports this week and a slew of data on the state of the labor market as parts of the country continue to grapple with a rise in coronavirus cases....
What are the largest emerging markets ETFs? The US equity market has delivered impressive returns to investors over the last decade. The S&P 500 index has shot up nearly 200% since 2010 before dipping in March. It was by far the longest bull run in history. The US equity markets have even outperformed international equities. […]...
What are the largest technology ETFs? Technology companies are dominating the stock market, and of course, the world. With the rise of artificial intelligence, machine learning, and other futuristic technologies, tech companies are expected to play an even bigger role in our lives. If you are bullish on the tech sector, technology ETFs are one […]...
(Bloomberg) -- Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.Bankers have been told by senior executives at Alibaba Group Holding Ltd., which owns a third of Ant, that they should refrain from doing deals for its competitors if they want business from Jack Ma’s sprawling empire, the people said. Ant filed last month to go public in Hong Kong and Shanghai in offerings that could top Saudi Aramco’s record $29 billion IPO.The directive shows that Wall Street banks are having to make early bets on which firms to stick with in China, especially as juggernauts like Alibaba and Tencent Holdings Ltd. extend their tentacles into hundreds of businesses in finance, transportation, retail and entertainment.“The duopoly issue is not unique to China,...
NASA Astronauts aboard SpaceX’s “Dragon Capsule” returned from the International Space Station in a splashdown landing in the Gulf of Mexico. Photo by NASA/AFP...
