Chevron is gearing up to sell its remaining oil and gas assets in the North Sea, marking the energy giant’s exit from the region after more than five decades. The American energy super major, which is the third-largest in the world by market value, confirmed on Thursday that it will market its assets in the […]
Novavax (NASDAQ: NVAX) took a turn in the investor spotlight in early May, when the vaccine specialist announced — on the same day it unveiled its first-quarter results — a collaboration deal with Sanofi. Understandably, Novavax’s share price leaped on news of the potentially lucrative deal with the global pharmaceutical sector company. This has left […]
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Good news for Nio (NYSE: NIO) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker’s stock was a sell. But no longer. On Wednesday, the bank’s investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at […]
(Reuters) – Shares of New York Community Bancorp rose nearly 5% in premarket trading on Wednesday, after the lender agreed to sell a portfolio of about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal with the largest U.S. bank by assets, announced late on Tuesday, will bolster liquidity at NYCB, which is […]
(Bloomberg) — New York Community Bancorp, disposing of assets and freeing up cash after its rescue by investors, agreed to sell about $5 billion of loans to JPMorgan Chase & Co. Most Read from Bloomberg The disposal of so-called mortgage warehouse loans will bolster NYCB’s capital and improve its liquidity, with proceeds to be held […]
(Reuters) – Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB’s liquidity and capital as it executes a crucial turnaround to return to profitability over the next two years. NYCB expects the transaction will add […]
Lab-grown meat isn’t on grocery store shelves in the United States and it isn’t coming anytime soon, but two states have already banned it and others are weighing similar moves. The restrictions are a sign that traditional meat producers fear losing market share to these new products, but they’ve also been divisive. Some in the […]
freemixer / iStock.com If you’re between the ages of 57 and 75, you might be thinking about retirement, or already living the retirement life. You might consider selling off some of your assets to add to your cash pot. Check Out: 10 Things Boomers Should Always Buy in Retirement Learn More: 5 Unusual Ways To […]
Wall Street’s age-old adage “sell in May and go away” highlights that the summer months between May and October is the worst period for investors to put money in the stock market. Especially after an outstanding winter, it’s hard to digest that there won’t be any profit-taking in the weaker summer months. But astute investors […]
President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns. The company, MineOne, acquired the real estate in June 2022, placing its operations within a mile of Francis E. Warren Air Force Base, a “strategic missile base and […]
If you’re an Nvidia (NASDAQ: NVDA) or any type of artificial intelligence (AI) investor, then May 22 is a day you must have circled on your calendar. That’s when Nvidia reports Q1 FY 2025 results, which will give investors some clues as to how strong the market is for Nvidia’s class-leading GPUs (graphics processing units). […]