According to a statement released on Sunday, oil and natural gas company Cenovus Energy Inc. is expected to join integrated energy company Husky Energy Inc. in what will be an all-stock merger valued at C$23.6 billion ($18 billion).
With the boards of both companies having provided their approval of this...
With rivals Lockheed Martin (LMT) and Boeing (BA) in its sights, SpaceX is en route to see its stock valuation exceed the market caps of the top aerospace and defense stocks, Wall Street analysts explained.
Morgan Stanley currently gives Elon Musk’s company a base-case valuation of $101 billion, nearly double...
With the third-quarter earnings cycle well underway, Intel has joined the likes of Netflix by failing to meet financial metrics and consequently suffering a decrease in share prices.
After the company reported its Q3 data, Intel shares decreased by 10% during after-hours trading. This change was unexpected in the eyes...
With their T stock falling 0.5% in Tuesday trading, American telecommunications company AT&T has incurred their longest losing streak since the period ended January 15th, 2010. Tuesday’s decline marks the ninth consecutive week that the company’s shares have seen no improvement.
Verizon Communications Inc. found themselves in a similar unfortunate...
With lawmakers currently in the process of debating whether or not to pass a stimulus package later this week, the direction that stocks on the NYSE are set to take remains uncertain.
The three major indices each incurred their fairly balanced share of gains and losses on Wednesday, with several...
Moderna Inc. (MRNA) shares seem to be taking an upward turn on the NASDAQ stock market index, following the company’s decision to commit to a timeline for the completion of its coronavirus vaccine. The biotechnology company also submitted an application to the United States Government for emergency use authorization.
This...
Australian lithium chemicals company Piedmont Lithium has announced its decision to begin issuing company shares in the United States.
This news comes as interest in the company has grown following its decision to enter into a five-year raw-materials pact with Tesla, with the intention of developing a lithium project in...
With the Boeing 737 MAX expected to take flight in European skies at the end of 2020, General Electric Company (GE) shares enjoyed a steep rise of more than 6% heading into the new week. This increase comes because of GE’s aerospace division being placed in charge of the...
With the third-quarter earnings season just around the corner, Abbott Laboratories and Chipotle are some of the notable brands who have enjoyed stellar financial performances. Here is the breakdown of the third quarter’s top performers:
Abbott Laboratories raked in $8.5 billion in revenue this quarter, a slight improvement on their...
While investors expected Netflix to flourish at a time when worldwide communities were confined to their homes, the company reported that it received a decelerating number of new subscribers over the course of 2020.
In the first quarter of 2020, the company managed to meet investors’ expectations, enjoying a surge...