US oil prices hit $60 a barrel for the first time since November

US oil prices hit $60 a barrel for the first time since November

Since Christmas Eve, US oil prices have spiked 40%.  Thanks to OPEC’s aggressive production cuts. On Wednesday, Crude’s recovery from last year’s bear market hit another milestone. Also, oil topped $60 a barrel for the first time since November 9. The dramatic rebound clearly reflects the effectiveness of the strategy implemented by Saudi Arabia-led OPEC. … Read more

Herb Kelleher, Southwest Airlines Co-Founder dies at 87

Herb Kelleher, Southwest Airlines Co-Founder dies at 87

Herb Kelleher, the co-founder of a low-cost pioneering carrier named Southwest Airlines Co., died at the age of 87 on Thursday. He helped build this industry into a powerhouse stamped along with his unconventional and colorful personality. This setup of the Southwest Airlines Co. started with Kelleher and Rollin King together working for 50+years. The … Read more

Dow jumps back after steep decline of 350+ points

Dow jumps back after steep decline of 350+ points

A steep decline in the global stock market has been observed on Wednesday. The fluctuations of 2018 continued to show up this year in 2019. The industrial average of Dow Jones was found to fall by 350 points initially. This caught up the new data which mentioned that the Chinese production had slowed down even … Read more

AbbVie (ticker: ABBV), Rockwell Automation (ROK) and Estee Lauder (EL) Stocks Got Dividend Hikes This Week

These three Stocks Got Dividend Hikes This Week

AbbVie (ticker: ABBV), Rockwell Automation (ROK) and Estee Lauder (EL), all of these announced dividend hikes this week. The largest of these three companies, AbbVie, which is a pharmaceutical firm whose market cap is almost about $122 billion has declared a dividend increase of 11.5%. It will now pay out $1.07 a quarter which is … Read more

BP 3rd Quarter profit more than doubled

BP 3rd Quarter profit more than doubled

BP PLC has reported that its third-quarter net income has more than doubled to $3.09 billion. According to Dow Jones Newswires, the oil company also expects to fund its $10.5 billion acquisition of assets from miner BHP Billiton entirely from the available cash. Its revenue during the quarter rose to $80.8 billion as compared with … Read more

Overtaking Amazon, Microsoft becomes the second most valuable US company

Overtaking Amazon, Microsoft becomes the second most valuable US company

Microsoft become the second most valuable tech company in the U.S on Friday by overtaking Amazon. A drop in Amazon’s stock value caused the change in ranking, Reuters reported. This happened as a weaker-than-expected quarterly report from Amazon wiped out $65 billion worth of market capitalization. Microsoft in the meanwhile saw a very positive quarterly … Read more