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Glencore shares halt slide, broker recommends going private
Shares of Glencore (GLEN.L) halted their slide on Tuesday after losing around a third of their value on Monday, with several brokers saying worries over the commodities and mining company’s debt pile were overdone. Analysts at Citi said Glencore should even consider going private via a management buyout if the market rout continued. “In the event the equity market continues to express its unwillingness to value the business fairly, the
Glencore shares halt slide, broker recommends going private
Shares of Glencore (GLEN.L) halted their slide on Tuesday after losing around a third of their value on Monday, with several brokers saying worries over the commodities and mining company’s debt pile were overdone. Analysts at Citi said Glencore should even consider going private via a management buyout if the market rout continued. “In the event the equity market continues to express its unwillingness to value the business fairly, the
Goldman Sachs cuts forecasts for S&P 500
Goldman Sachs has cut its year-end forecast for the S&P 500 due to a slower pace of economic activity in China and the U.S. as well as low oil prices.
Goldman Sachs cuts forecasts for S&P 500
Goldman Sachs has cut its year-end forecast for the S&P 500 due to a slower pace of economic activity in China and the U.S. as well as low oil prices.
NYC mayor to urge city pension funds to divest from coal
New York City Mayor Bill de Blasio is set to propose that New York City’s pension funds divest from coal. De Blasio administration officials told The Associated Press that the mayor will begin making his …
Lid on Oil Prices Refuses to Budge
The long-awaited decline in U.S. oil output has begun, data show, but many investors and analysts are still waiting for prices to stage a sustained recovery. The rapid growth in America’s production over the past several years was a major driver behind the plunge in the benchmark U.S. oil price, which is down 53% from a year ago. “We now know that the U.S. [production] is in decline,” said Eric
All industries should brace for a shakeup: Benioff
Salesforce CEO Marc Benioff tells CNBC that major developments in tech could change how companies in every sector should operate.
Trump unveils tax plan that would lower taxes for millions
Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxes for millions of Americans, while lowering them for the highest-income earners …
S&P falls 2%, below 1900; Dow dips 250 points
U.S. stocks traded lower as uncertainty about the timing of a rate hike and concerns about global economic growth continued to weigh on sentiment.