Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
Month: October 2020
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The best hope for markets in the week ahead is that there is a clear cut winner in Tuesday’s presidential election. The election looms large as the biggest wild card
(Photo by Alex Tai) SOPA Images/LightRocket via Getty Images Bank of America (BAC), Citigroup C , JPMorgan Chase JPM and Wells Fargo WFC are the four money center banks considered too big to fail. Most analysts on Wall Street recommended these banks as 2020 began. I disagreed with this call given the high probability that
Joe Raedle | Getty Images Now that more Americans can work and attend school from anywhere, they are increasingly looking to leave large urban centers for smaller, less dense cities with cheaper housing. As different real estate entities try to measure the migration, certain cities are standout destinations. Santa Barbara, California; Louisville, Kentucky; and Buffalo,
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter the company lost $680 million, although Exxon said results improved on a
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16
Available now with Crypto Cars Online Dallas/Fort Worth, Texas— October 26, 2020 — Crypto Cars Online announced immediate availability of purchasing vehicles with crypto currency, after partnering with top rated auto dealers in the Dallas Fort Worth area. “Our system is simple when you buy a car with Crypto Currency,” said Spokesman Roger Lee, Managing
Despite record low mortgage rates, homebuying affordability is on the decline. getty Despite hovering around their all-time low for several months now, it looks like mortgage rates have done about all they can for housing affordability. According to a new report, skyrocketing home prices have now outstripped their power, and overall homebuying affordability is now
Pedestrians walk past commercial real estate in Manhattan. Michael Nagle | Bloomberg | Getty Images Decidedly weak quarterly earnings reports from major apartment real estate investment trusts this week paint a bleak picture for some of the largest urban rental markets. The coronavirus pandemic has caused thousands of apartment dwellers to seek safer, larger, single-family
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far. It’s the one word investors didn’t want to hear: lockdown. Never mind
Take a look at some of the biggest movers in the premarket: Comcast (CMCSA) – The NBCUniversal and CNBC parent reported quarterly profit of 65 cents per share, 13 cents a share above estimates. Revenue beat forecasts as well. Comcast added 663,000 broadband customers during the quarter, and said its Peacock streaming service signups had
New York commercial real estate doesn’t need another new tax. RANJAN SAMARAKONE New York City and State have traditionally treated the real estate industry as a cash cow without end, in part because they think it’s a cash cow that can’t move. The State legislators may be about to do it again, thanks to a
A Sale Pending sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Potential homebuyers may be hitting the limit of what they can afford. Pending home sales, a measure of signed contracts on existing homes, fell 2.2% in September compared with August, according to the National Association of
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that a lack of coronavirus stimulus is making it hard for investors to buy stocks into a worsening of the United States’ Covid-19 outbreak. “It’s very hard to buy a lot of stocks when you see these numbers,” Cramer said on “Squawk Box,” as
Dividends and buybacks are bouncing back. At the end of the first quarter, there was tremendous concern that the levels of dividends and buybacks would be cut dramatically. There have been cutbacks, but there’s good news amid the bad. The good and bad news on dividends For lovers of dividends, the end of the first quarter
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.39 per share for the third quarter, smaller than the loss of $2.52 anticipated by Wall Street. Revenue was also above estimates. Boeing said it was targeting a workforce of 130,000 by the end of 2021, which is
Panoramic image of the New York Midtown skyline as viewed from the Empire State Building at night … [+] (looking North). Photo by David Iliff under License: CC BY-SA 3.0 A new study, authored by Diana Sabau at CommercialCafe, reviews the effects of lockdown measures on energy consumption during the second quarter of 2020 as states
Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a
Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. Paul Morris | Bloomberg via Getty Images The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to
Take a look at some of the biggest movers in the premarket: Xilinx (XLNX) – The chipmaker agreed to be bought by Advanced Micro Devices (AMD) for $35 billion in stock, a deal valued at $143 per share. The deal is expected to close by the end of 2021. Separately, AMD reported better-than-expected profit and
A leasehold mortgagee doesn’t necessarily need to meet a financial test. RANJAN SAMARAKONE Anyone negotiating a ground lease knows it must be financeable, i.e., it must contain provisions that will induce a lender to accept it as collateral for a substantial mortgage loan. Those provisions are well defined. In a few recent ground lease deals,
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically. Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. The 10-City Composite posted a 4.7% gain, up from 3.5% in the previous month. The 20-City
Whatever the outcome, the November presidential election promises to bring a period of uncertainty and volatility to the markets. However, equities are still your best long-term bet, two experts said on Tuesday at the CNBC Financial Advisor Summit, a day-long virtual conference for financial advisors. After hitting fresh highs even during the Covid-19 crisis, stocks
Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge. “I like bitcoin even more now than then. It’s in the first inning and has a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. He first revealed his bitcoin investment in May and
(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Company: ACI Worldwide, Inc. (ACIW) Business: ACI Worldwide, Inc. develops and markets software products and services focused on facilitating electronic payments. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors,
Source: Texas Instruments | Wikipedia Volatility has once again returned to Wall Street. Swinging between positive and negative territory in the previous five sessions, the market’s movements have largely been tied to updates on the ongoing stimulus talks. Working for months to pass additional stimulus measures, both sides of the aisle are making a last-ditch
Is a vaccine the real risk to the market? Stocks are within 1% to 2% of their historic highs because of the belief that: 1) stimulus of some form is coming, 2) the election will not devolve into chaos, and 3) an effective vaccine will be available in early 2021. Five vaccines — from Moderna,
Does it matter for stocks who wins the White House? Is there anything unusual about the candidates this year that could impact the markets, regardless of who wins? For answers, we turn to Ed Clissold, chief U.S. Strategist for Ned Davis Research, who has studied elections and the impact on markets going back to 1900. This
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