Crude oil futures decline despite US-China trade progress
Crude oil futures traded lower on Tuesday morning due to prospects of an increase in global supply, despite progress in US-China trade negotiations.
At 9.58 am on Tuesday, July Brent oil futures were at $64.81, down by 0.23 per cent, and June crude oil futures on WTI (West Texas Intermediate) were at $61.84,
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Read MoreXi Woos Latin America With Promises of Cooperation on Technology
China has long tapped Latin America to supply oil, iron ore, soybeans and other commodities, all drivers of growth for many Latin American countries. But also a source of frustration for those that hope to grow their economies and exports with more than mining and farm goods.
China’s leader,
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Read MorePetrobras to Pay $2.1 Billion in Dividends
Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
Petroleo Brasileiro SA, as the company is formally known, will pay 11.72 billion reais ($2.1 billion) in first-quarter dividends, it said in a filing Monday. Expectations were for a $2.2 billion payout,
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Read MoreThis Warren Buffett Holding Is Worth Avoiding Despite Its High Yield. Here's Why.
Kraft Heinz (KHC 0.16%) is one of Berkshire Hathaway’s most significant holdings, with a current value of $9.1 billion, representing 3.3% of its equity portfolio. However, with a 67% decline over the last decade, it’s not one of Warren Buffett’s most successful holdings, and it remains to be seen whether there will be any changes in it when Greg Abel takes over the reins at Berkshire Hathaway.
Read MoreNew push from Kaine aims to close retirement gap for Virginia’s youngest workers
This article was reprinted with permission from Virginia Mercury.
U.S. Sen. Tim Kaine, D-Va., is backing bipartisan legislation aimed at helping workers as young as 18 — particularly those who enter the workforce straight out of high school — gain access to employer-sponsored retirement plans,
Read MoreThe Burst
Billionaire Buys Stake In Gene Therapy Stock
Ultragenyx may not have crossed your radar but it’s already in billionaire Stan Druckenmiller’s portfolio. What has he spotted in this novel therapies for rare and ultra-rare genetic diseases firm that convinced him to take a position?
Its focus on underserved patient populations, deep pipeline of innovative products, and strong track record in obtaining regulatory approvals make it an attractive long-term investment,
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Read MoreThe Ivy
Is Roper Technologies a Hidden Gem or an Overpriced Stock?
At a time when tech stocks are surging, it’s somewhat rare to find a technology company that hasn’t advanced by double or even triple digits in the last 12 months. Today, however, we’ll be looking at one that has remained largely flat even as investors poured into practically every tech company they could find.
Roper Technologies (NYSE:ROP) has advanced less than 6 percent in the last 12 months despite solid revenue and earnings growth.
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Read MoreThe Spotlight
Will Ford’s EV Gamble Pay Off?
As we race towards the end of 2024, a full 17 million electric vehicles are projected to be sold, which if realized will translate to a whopping 1 in 5 of all car sales.
With demand for EV’s as strong as ever and competition from Tesla and China’s BYD stiffening, what does the future hold for Ford and its EV strategy?