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The Bank of New York Mellon Corporation (NYSE:BK) shares fell 8.6% to US$46.18 in the week since its latest full-year......
UAW members got higher wages, but no added job security after a 40-day strike against GM. GM, Ford and FCA will get higher average hourly labor costs....
What is the most shorted stock on Wall Street, you ask? Just beating out Apple for the top spot, it is Elon Musk’s Tesla (TSLA). $14.5 billion have been borrowed by investors in order to bet against the electric car manufacturer, apparently.The news is not very surprising as Tesla is one of the most polarizing companies out there. Hardly ever out of the headlines, most Wall Street observers have an opinion on what the future holds for the automobile industry disruptor.Earlier this week, Tesla notched an all-time high, closing Tuesday’s session at $537.92. The figure rounds out an extraordinary six months that has seen Tesla leave behind 2019’s initial troubles and virtually double its share price since the start of October. So, where is Tesla headed? This week, analysts have been throwing the hat in, offering takes on the electric vehicle company from all possible angles, with the most recent rating...
Based on Friday’s price action and the close at $1560.30, the direction of the February Comex gold futures contract on Monday is likely to be determined by trader reaction to the minor top at $1564.20....
Could Public Joint Stock Company Gazprom (MCX:GAZP) be an attractive dividend share to own for the long haul......
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be......
(Bloomberg Opinion) -- On the face of it, the Phase One trade deal signed between the U.S. and China last week looks set to provide a big boost to American oil and gas producers who need to develop new export markets. Just how well they fare against exporters who are much closer to the world’s biggest energy importer may depend as much on economics as on politics.The energy trade section of the deal signed on Jan. 15 commits China to increasing its purchases of American energy products — crude oil, refined products, liquefied natural gas and coal — from levels seen in 2017, a high-point for U.S. exporters before the trade war began to hamper bilateral relationships. The countries agreed that shipments should increase from the 2017 level by no less than $18.5 billion this year and be at least $33.9 billion above the same baseline in 2021.U.S. producers need to develop new export markets to...
