19 May, 2017 by The TZ Newswire Staff Comments Off on Oil Prices Rise as OPEC Discusses Deeper Output Cuts
Oil Prices Rise as OPEC Discusses Deeper Output Cuts
OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s Economic Commission Board met to discuss…
19 May, 2017 by The TZ Newswire Staff Comments Off on Here’s Why McKesson Corporation Stock Is Climbing Today
Here’s Why McKesson Corporation Stock Is Climbing Today
Shares of McKesson Corporation (NYSE: MCK), America’s largest pharmaceutical distributor, have risen 8.8% as of 11:20 a.m. EDT on Friday. A fiscal 2017 earnings report released after yesterday’s bell was awfully encouraging.
19 May, 2017 by The TZ Newswire Staff Comments Off on A Split Outlook for Bank ETFs
A Split Outlook for Bank ETFs
There is good news for bank stocks, but be cautious with the sector and its ETFs.
19 May, 2017 by The TZ Newswire Staff Comments Off on Alibaba to Buy Back $6B in Shares in Next 2 Years
Alibaba to Buy Back $6B in Shares in Next 2 Years
Alibaba announced it would buy back $6 billion worth of shares during its Q1 earnings report,
19 May, 2017 by The TZ Newswire Staff Comments Off on What are the Main Differences Between the Republican and Democratic Approaches to Regulating the Economy?
What are the Main Differences Between the Republican and Democratic Approaches to Regulating the Economy?
Here is an overview of the Democratic and Republican approaches to economic issues.
19 May, 2017 by The TZ Newswire Staff Comments Off on 5 Tips to Get Hired at a Startup
5 Tips to Get Hired at a Startup
If you join a company early enough in its existence you can not only make money if you receive equity, but you get to go on what can be an exciting (albeit sometimes nauseating) ride.
19 May, 2017 by The TZ Newswire Staff Comments Off on Shares of Sibanye Gold Crash After Company Finalizes $1 Billion Rights Issue
Shares of Sibanye Gold Crash After Company Finalizes $1 Billion Rights Issue
Shares of South African gold miner Sibanye Gold (NYSE: SBGL) are down 32% as of 10:45 a.m. EDT today. The catastrophic stock price drop came after the company announced it had finalized the terms of its underwritten renounceable rights offer of $1 billion.
Whenever a company issues additional shares, the market typically responds with a stock price drop. A 32% drop, though, is a bit extreme. When you look at the terms of the rights offer Sibanye just issued, though, this stock price drop seems very much justified.
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