Mexico's state oil company Petroleos Mexicanos (Pemex) disclosed the names of two former managers that allegedly received bribes from the world's largest independent commodity trader, Vitol, newspaper Reforma reported on Friday.
The first half of 2022 will go down as one of the more challenging market environments many investors have ever experienced. The S&P 500 fell 20%, its worst performance at the midway point of a year since 1970, 52 years ago. Broad U.S. bonds delivered their worst start to a year in history, down 11%. Investors would be [...] Read more at ETFtrends.com.
The June jobs report made headlines with an additional 372,000 jobs created during the month, which equates to more than 2.7 million new jobs added to payrolls in only the first half of this year. But did you know that payrolls are growing so fast that workers are beating the high rate of inflation overall? [...] Read more at ETFtrends.com.
What happened
UnitedHealth Group (NYSE: UNH) beat analyst expectations for second-quarter results and raised its outlook for the full year. The healthcare and insurance company's stock got a healthy boost as a result, climbing more than 5% in Friday trading.
HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said.
What is the future of non-fungible tokens? Will they become more than digital art and collectibles? A couple of experts certainly think so. See Our List: 100 Most Influential Money Experts Small...
Wall Street bounced back with a broad rally on Friday, as investor confidence was boosted by upbeat earnings, heartening economic data and waning fears of a larger-than-expected interest rate hike by the Federal Reserve.
The worst performing sector as of midday Friday is the Utilities sector, higher by 0.1%. Within that group, NextEra Energy Inc (Symbol: NEE) and AES Corp (Symbol: AES) are two large stocks that are lagging, showing a loss of 2.1% and 0.8%, respectively. Among utilities ETFs,
Looking at the sectors faring best as of midday Friday, shares of Financial companies are outperforming other sectors, up 2.8%. Within that group, Citigroup Inc (Symbol: C) and State Street Corp. (Symbol: STT) are two large stocks leading the way, showing a gain of 14.0% and 1
In trading on Friday, shares of Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 8 (TSX: BAM-PRE.TO) were yielding above the 5% mark based on its monthly dividend (annualized to $0.9209), with shares changing hands as low as
Juul Labs Inc is seeking fresh financing at a time when the company is navigating uncertainty due to lawsuits and a potential ban on sales of its e-cigarettes by U.S. health regulators, Bloomberg News reported on Friday.
Canadian police confirmed on Friday that a man shot dead in British Columbia on Thursday was Ripudaman Singh Malik, a Sikh businessman acquitted in connection with the 1985 Air India bombing that killed 329 people.
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is joining its tech peers in a stock split. The trillion-dollar tech giant, which is the parent company of Google, plans to do a 20:1 stock split on Friday, July 15.
A Finnish government minister's visit to Berlin on Thursday did not yield a clearer timeline for a solution to the financial problems of embattled German utility Uniper, Germany's economy ministry said on Friday.
The U.S. congressional panel probing the Jan. 6 2021 attack on the Capitol plans to ask the Secret Service about its alleged deletion of text messages sought by a watchdog investigating the agency's response to the assault, the panel's chairman said.
What happened
Virgin Galactic Holdings (NYSE: SPCE) is progressing with its plans to build its next-generation spaceship, announcing the site of its final assembly manufacturing facilities. On a day when investors are feeling optimistic, the news was good enough for a 5% jump in
Senator Joe Manchin's decision to halt support for President Joe Biden's climate legislation after more than a year of negotiations has left Democrats with limited options to tackle climate change, an important goal for the president's base.