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Oil prices up 3% on worries about Middle East supplies

The Cheap InvestorOctober 27, 2023October 27, 20230

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a one-week high on Friday on worries that…

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AbbVie takes $2.1 billion charge on cancer drug ahead of US price negotiation

The Cheap InvestorOctober 27, 2023October 27, 20230

By Leroy Leo and Christy Santhosh (Reuters) -AbbVie, girding for government price negotiations on its big-selling cancer drug Imbruvica, on…

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Exxon posts sharply lower $9.1 billion profit on lower oil, gas prices

The Cheap InvestorOctober 27, 2023October 27, 20230

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday posted a sharply lower $9.1 billion third-quarter profit, missing analysts’…

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UPS targets lucrative e-commerce returns, healthcare with acquisitions

The Cheap InvestorOctober 27, 2023October 27, 20230

By Lisa Baertlein (Reuters) – United Parcel Service on Thursday said it is spending more than $1 billion this quarter…

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Analysis-US investment banks see early signs of revival in dealmaking

The Cheap InvestorOctober 27, 2023October 28, 20230

By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) – Major Wall Street firms said a dismal year of dealmaking…

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Amazon rallies on cloud optimism as it chases Microsoft for AI business

The Cheap InvestorOctober 27, 2023October 27, 20230

By Aditya Soni (Reuters) -Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud…

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Ford again warns on EV results, withdraws 2023 forecast

The Cheap InvestorOctober 27, 2023October 27, 20230

By Paul Lienert and Nathan Gomes DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to “uncertainty”…

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Yellen says US GDP is a ‘good strong number’, may keep bond yields higher

The Cheap InvestorOctober 26, 2023October 26, 20230

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly…

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Gold miner Newmont misses profit estimates, Penasquito return underway

The Cheap InvestorOctober 26, 2023October 26, 20230

By Seher Dareen (Reuters) -Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner…

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FedEx says U.S. Express service disrupted, blames FAA IT outage overnight

The Cheap InvestorOctober 25, 2023October 25, 20230

LOS ANGELES (Reuters) -FedEx Corp on Wednesday said its U.S. Express deliveries could be delayed due to an overnight Federal…

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