May.15 — The first corporate earnings season since the COVID-19 outbreak has provided stark evidence of how the pandemic is hitting companies — with many slashing dividends and suspending guidance as profits slump. Erik Schatzker hosts a roundup, with top executives discussing the health of their businesses and the prognosis going forward.
May.12 — Saudi Aramco, the kingdom’s state-controlled oil giant, retained its massive dividend despite a 25% plunge in profit, and signaled it would keep spending in check as it braces for deeper damage from the oil crisis. Annmarie Hordern reports on “Bloomberg Surveillance.” Bloomberg YouTube Channel Saudi Aramco would be paying dividends totalling USD $75 … Read more Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit
Trent Williams is finally on the move, as the Washington Redskins agreed to trade the seven-time Pro Bowl left tackle to the San Francisco 49ers, CBS Sports NFL Insider Jason La Canfora confirms. The 49ers will give up a 2020 fifth-round pick and a 2021 third-round pick to the Redskins. Williams has a connection to … Read more 49ers land TRENT WILLIAMS in trade with Redskins | 2020 NFL Draft 2020
Some 4.4 million Americans filed for unemployment benefits last week. It brings the jobless total since the coronavirus lockdown began to a record-breaking 26.4 million. Many economists believe layoffs may have peaked, although state unemployment offices say they’re still overwhelmed with new applications. Also, France cracks down on companies applying for state aid, saying they can’t be … Read more US jobless claims top 26 million as lockdown continues
Apr.08 — Simon Yuen, founder of Surich Asset Management, which is leading the HSBC Shareholders Alliance, discusses the bank’s decision to scrap dividends. The alliance, which claimed to have the backing of 3,000 shareholders, made four demands including dividend payments in the form of additional shares rather than cash and to ax directors’ fees for … Read more HSBC Dividend Halt Stirs Hong Kong Shareholders’ Outrage
Whatever is done to shut down the economy to stop the coronavirus is essential to protect companies as well as individuals, says Bloomberg Economics Editor Peter Coy. #Coronavirus #Covid19 #CoronavirusUS #Stimulus If companies fail en masse, high-functioning teams that have taken years to assemble will fail. Synergies will be lost. Workers who thrive in a … Read more World Leaders Are Chocking Off Economic Growth Trying to Stop Coronavirus
Mar.16 — Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year. The world’s biggest company by market value, which listed in the Saudi Arabian capital of Riyadh in December, will pay the dividends on a quarterly basis, it said in its 2019 … Read more Aramco Keeps $75 Billion Dividend Promise Despite Oil’s Dive
Mar.05 — In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel talks with Mike Wirth, chairman and CEO of Chevron. The company plans to hand investors billions of dollars more than it did during the heyday of $100-a-barrel crude as the U.S. supermajor ramps up oil output in the Permian Basin. In a … Read more As Exxon Pumps the Brakes on the Permian, Chevron Ramps Up