What happened
Units (i.e. shares) of Golar LNG Partners (NASDAQ: GMLP) hit an iceberg today, falling 53.3% as of 11:30 a.m. EDT after the Bermuda-based liquefied natural gas tanker operator announced it will reduce its quarterly common unit distribution (a partnership's version
A key crude oil benchmark -- dated Brent crude -- has tumbled to record lows against Brent crude futures. The difference between the two prices is now unprecedented, at more than $10 a barrel. That indicates that the market's short-term outlook for oil companies like ExxonMobil
What happened
Shares of Norwegian Cruise Lines (NYSE: NCLH) fell 70.6% in March, according to S&P Global Market Intelligence. Like the other major cruise lines, Norwegian suffered due to the outbreak of COVID-19 across the globe, which prompted all cruise companies to susp
In trading on Thursday, shipping shares were relative laggards, down on the day by about 3.6%. Helping drag down the group were shares of Golar LNG Partners, off about 54.4% and shares of Euronav off about 15.2% on the day.
In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 11.4%. Leading the group were shares of Falcon Minerals, up about 29.4% and shares of Gran Tierra Energy up about 23.8% on the day.
The first quarter was rough for Roku (NASDAQ: ROKU) investors. The stock plummeted 35% through the first three months of 2020, a cruel reversal for shares that had more than quadrupled the year before.
Northrop Grumman Corp.’s NOC business unit, Aerospace Systems, recently won a modification contract to offer non-recurring engineering and software support activities as well as product support for E-2D Advanced Hawkeye (AHE) full rate production (FRP). Work related to the dea
The coronavirus crisis is showing no signs of slowdown, resulting in continued lockdowns, social distancing and stay-at-home mandates to contain the spread. It has forced people to work and look for entertainment at home only, raising the demand for cloud computing, gaming and e
Zoom Video Communications, Inc. ZM has reportedly been prohibited for use at Elon Musk headed aerospace company — SpaceX.Per a Reuters report, all employees of SpaceX have been banned from using Zoom due to the presence of significant security concerns, and were asked to text,
Lockheed Martin Corp. LMT recently won a contract for manufacturing the 17th and 18th lots of Joint Air-to-Surface Standoff Missile (JASSM). Work related to the deal will be executed in Orlando, FL.
The devastating impact of the novel coronavirus outbreak (COVID-19) on the global economy has compelled Red Robin Gourmet Burgers, Inc. RRGB to withdraw its previously announced 2020 guidance. Thanks to the crisis, the company has also suspended its share repurchase programs.
The coronavirus market crash has sent yields of several dividend stocks shooting through the roof. A high dividend yield can be alluring, but savvy income investors should avoid getting trapped, as not all high-yield dividend stocks make good investments. Now is the time to look
The past month has been pretty extraordinary. But there are signs that the market is starting to act more rationally and waiting on new data to see whether valuations are oversold, or need to be ratcheted down some more.
Amgen (NASDAQ: AMGN) and Adaptive Biotechnologies (NASDAQ: ADPT) announced on Thursday that they will collaborate to develop a therapy targeting novel coronavirus disease COVID-19. Their joint effort will combine Amgen's immunology expertise with Adaptive's platform for identify
(RTTNews) - Shares of Starbucks Corporation (SBUX) are climbing more than 4% Thursday morning despite the market opened in red after the jobless claims hit a record of 6.65 million for the last week. There are no company-specific news that drove the stock up.
(RTTNews) - Shares of Shopify Inc. (SHOP) are losing more than 8 percent in Thursday's trading at $353.58. The shares have traded in a range of $190.38 to $593.89 in the past 52 weeks.
McDonald's (NYSE: MCD) has closed its dining rooms but still offers delivery, drive-through, and pickup in most locations. That puts the company in a challenging position as it has to make sure it does everything it can to keep its customers and employees safe.
(RTTNews) - Reflecting a steep drop in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed significantly in the month of February.