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Warren Buffett’s MidAmerican Energy to develop $3.9 billion green energy project

• MidAmerican Energy is Berkshire Hathway Energy's subsidiary based in Des Moines • The project titled Wind PRIME would add 2,042 MW of wind energy and 50 MW of solar energy Warren Buffett's MidAmeric...

By  Yashasvini On  2022-01-22 02:35:00
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Shell officially changes name by ditching “Royal Dutch”

• Stock exchanges in London and Amsterdam will follow the change from January 25 • The oil giant has been planning to scrap its dual share structure Shell on Friday officially changed its name, ditchi...

By  Shubhangi On  2022-01-22 00:02:00
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US Treasury rates fall as investors focus on Fed’s January monetary policy meeting

• 10-year Treasury note falls 4 basis points  • 30-year Treasury bond yield drops 3 basis points  The Treasury yield in the United States fall on early Friday morning after increasing to its highest p...

By  Ishika Dangayach On  2022-01-21 16:23:00
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GM targets to expand hydrogen fuel cell market beyond vehicles

• GM said the availability date and price for the generators would be announced later • The company is pushing for green hydrogen, which would help reduce the production cost General Motors Co (NYSE: ...

By  Arghyadeep On  2022-01-20 02:55:00
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Sony’s stock drops 5% after Microsoft-Activision deal

• On Tuesday, Microsoft offered to pay $95 per share, in an all-cash deal to Activision • Analysts believe that this deal marks the rise of tough competition against Sony Sony Group Corp's (NYSE: SONY...

By  Yashasvini On  2022-01-20 02:24:00
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Peloton insiders sold shares worth $500 million before the stock’s fall

• The company's CEO and other executives sold millions of shares at prices over $100 a share before the stock fell • CEO and co-founder, John Foley, sold $119 million worth of stock starting in Novemb...

By  Yashasvini On  2022-01-20 00:15:00
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US Treasury yields surge amid market speculation over interest rate hikes

The Treasury yield in the United States surged to its highest point since December 2019 on Wednesday morning as the Federal Reserve will soon begin raising interest rates. The yield on the benchmark 1...

By  Ishika Dangayach On  2022-01-19 19:00:00
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Exxon pledges to reduce carbon emissions to zero by 2050

• Exxon plans to reduce emissions from oil, gas and chemical production • Exxon announced to increase spending on projects aiming at lowering carbon emissions Exxon Mobil Corp (NYSE: XOM) on Tuesday p...

By  Shubhangi On  2022-01-19 00:35:00
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Crude oil hits highest level since 2014 following Houthi attack in UAE

• Brent crude futures rose 0.9% to $87.24 per barrel • U.S. West Texas Intermediate futures jumped 1.6% to $85.16 per barrel Crude prices hit their highest level in seven years since 2014 after the de...

By  Yashasvini On  2022-01-18 21:56:00
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Evergrande’s blows weaken Country Garden’s dollar bonds

• Country Garden's longer-dated bonds fell to nearly 69 cents on the dollar as of late Friday.  • Its share price fell nearly 8.1% to HK$5.87 in Hong Kong China's largest developer by contracted sales...

By  Yashasvini On  2022-01-17 22:16:00
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BlackRock manages assets of over $10 trillion, revenue misses analysts' estimate

• Asset managing firm added a net $169 billion in long-term investment vehicles • It also benefited from the rally in markets last year BlackRock Inc (NYSE: BLK) became the first publicly traded asset...

By  Arghyadeep On  2022-01-15 01:07:00
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JPMorgan shares fell as bank lowers profit forecast

• JPMorgan reported a 14% drop in the fourth quarter profit compared with a year ago • JPMorgan said its ROTCE may fall below 17% this year JPMorgan Chase & Co (NYSE: JPM) shares fell as much 6% on Fr...

By  Shubhangi On  2022-01-15 00:55:00
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Western Acquisition Ventures Corp. prices $100million initial public offering

Picture credit: DNA India Western Acquisition Ventures Corp., a newly organized blank-check special purpose acquisition company formed as a Delaware corporation, today announced the pricing of its ini...

By  Hemanth On  2022-01-14 10:41:00
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Tech stocks weigh heavily on NASDAQ on Thursday

• A drop in tech stocks brought down the tech-heavy Nasdaq • US stocks cut off a three-day winning streak on Thursday after the rebound in technology shares paused US stocks cut off a three-day winnin...

By  Yashasvini On  2022-01-14 02:40:00
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Private equity firm TPG valued at over $10 billion in first big market debut of 2022

• The private equity firm manages over $109 billion • TPG's net income jumped over fivefold to $1.7 billion for the nine-months ended September 2021 Shares of TPG Inc's (NASDAQ: TPG) rose over 15% on ...

By  Arghyadeep On  2022-01-14 02:39:00
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Virgin Galactic shares fell after company announces to raise $425 million in debt

• Virgin Galactic shares fell as much as 16% in trading hitting a low of $10.36 • Branson's company expects to raise $425 million from the sale of 2027 convertible senior notes Shares of billionaire R...

By  Shubhangi On  2022-01-14 00:47:00
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Ford’s market value crosses $100 billion for the first time

• Ford's shares rose nearly 4.6% to $25.59 on Thursday • Ford's market cap increase comes at a time when the company intends to double production capacity Ford Motor's (NYSE: F) market value crossed $...

By  Yashasvini On  2022-01-13 23:54:00
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DeltaAir Lines announces December quarter and full year 2021 financial results

picture credit: Cargo newswire December quarter 2021 GAAP pre-tax loss of $395 million, pre-tax margin of (4.2) percent and loss per share of $0.64 on total operating revenue of $9.5 billion December ...

By  Divya On  2022-01-13 17:41:00
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TSMC reports fourth quarter EPS of NT$6.41

Picture credit: caixin global TSMC (NYSE: TSM) today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR un...

By  Hemanth On  2022-01-13 10:04:00
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U.S. oil producers expand well completions as oil prices soar

• Number of pressure pumping units rose 5% in December compared to the previous month • Oil prices in U.S. rose to more than $81 per barrel, from $53 a year ago U.S. oil and gas producers are expandin...

By  Shubhangi On  2022-01-13 02:38:00
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