Oil prices surge as attack on Saudi facility disrupts output

Iran is trying to create an economic crisis by seizing oil tankers: Gen. Jack Keane Fox News’ Ellison Barber and Gen. Jack Keane (Ret.) discuss how Iran claimed that they stole another oil tanker in the Strait of Hormuz. An attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher Monday. Continue Reading Below Traders are focusing […]

Read more

High-tax state exodus seen accelerating as controversial SALT cap may be here to stay

Big money flees high-tax states Point View Wealth Management’s David Dietze and Texas Congressman Lance Gooden (R) on big money’s flight from high-tax states. If the Trump administration gets its way, the controversial $10,000 cap on state and local tax deductions won’t be going anywhere anytime soon. Continue Reading Below The White House is working on a Tax Cuts 2.0 […]

Read more

Cannabis companies have secret formulas to determine when the U.S. may allow pot sales

The two largest pot companies in the world have developed secret formulas that predict when the U.S. will legalize cannabis sales, or at least officially allow states to sell marijuana. Aurora Cannabis Inc. ACB, -9.24%ACB, -8.93% and Canopy Growth Corp. CGC, -3.18%WEED, -2.91% included a reference to the secret calculations in their most recent financial statements. The accounting tricks are necessary because […]

Read more

Zscaler stock suffers worst day ever on outlook, competition concerns

Zscaler Inc.’s stock suffered its worst day since going public a year-and-a-half ago after the cloud-based cybersecurity company’s forecast came into question and half the analysts covering the stock cut target prices. Zscaler ZS, -19.91% shares plummeted 19% to $49.86 in recent activity Wednesday, after touching an intraday low of $46.04. Even with Wednesday’s drop, the stock is up 27% for […]

Read more

Apple drops price on new iPhone 11, undercuts Netflix and Disney on streaming

Apple Inc. tried to make cameras the focus of its iPhone launch event Tuesday, but the company’s most striking announcements concerned the prices of its phones and streaming offerings. The first big surprise came when Apple AAPL, +1.18% revealed that it would charge $4.99 a month for its previously announced streaming video service, Apple TV+, which is now set to launch […]

Read more

Saudi Arabia makes oil power play

Weaker oil demand on the way? The Schork Report Publisher Stephen Schork on the oil market and the future of the Saudi Aramco IPO. Saudi Arabia removed energy minister Khalid al-Falih, replacing him with Prince Abdulaziz bin Salman, the son of the king and half-brother of the crown prince. Continue Reading Below Prince Abdulaziz bin Salman's appointment to energy minister, […]

Read more

WeWork parent may drop IPO value below $20 billion amid investor skepticism

WeWork’s parent is eyeing a valuation for its initial public offering that could fall below $20 billion as some existing investors push the workspace company to shelve the planned offering, people familiar with the matter said. Despite plans to begin a roadshow to market the shares to new investors as early as Monday, We Co. and its underwriters are planning […]

Read more

San Francisco makes $2.5 billion offer for PG&E’s electric system in city

The City of San Francisco on Sunday said it has offered $2.5 billion to acquire PG&E Corp.’s electrical lines serving the city, a potential first step toward separating from the giant utility. The offer escalates San Francisco’s attempt to create a municipal utility that is owned and operated by the city. The city began exploring the possibility of a public […]

Read more

Domo still can’t explain what it actually is, and the stock is getting killed

When Domo Inc. went public last year, it was hard to discern what the company actually did, and how executives were going to turn it into a big business. Slightly more than a year later, Domo DOMO, +4.48% is showing why that should have scared away investors in the initial public offering. The chief executive is turning away from promises made […]

Read more
1 2 3 152