Business

Fed board member Daniel Tarullo announces resignation

Trump is widely expected to appoint someone to the now vacant post of Federal Reserve vice chairman in charge of bank oversight, a position left open during the Obama administration. He "made invaluable contributions across the entire range of the Fed's responsibilities", Yellen said in a statement . Tarullo essentially filled that role, but would have likely found his powers and influence curtailed by a Trump-appointee.

Business

Earnings Whispers: Cliffs Natural Resources (CLF) & CVS Health Corp (CVS)

The company now has an average rating of "Hold" and a consensus target price of $7.81. These analysts and investment firms use various valuation methods to decide a price target for a stock. A month ago, they told us to expect earnings of US$-0.05 per share while three months ago their EPS consensus estimate was US$-0.03. The Closing price before the company posted its earnings was $6.2.

Business

USA crude oil inventories surged by over 13 million barrels last week

Since the USA lifted restrictions on exporting crude a year ago, oil sales overseas have taken on a sluggish and uneven start, but in September last year they touched their highest level ever at 692,000 bpd, data by the Energy Information Administration ( EIA ) show.

Business

United Services Automobile Association Has $91986000 Position in Yum! Brands, Inc. (YUM)

If we look at stock performance in last active day trading, we see that stock has moved up 0.15% to end the day at $66.59. Finally, Zacks Investment Research raised Yum! Brands's payout ratio is now 30.53%. parent. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and worldwide copyright legislation.

Business

BHP begins halting operations at Chilean copper mine -union

The world's copper supply is facing major disruption as a lengthy strike is set to start today at Escondida in Chile and issues including a smelter strike dog the Grasberg mine in Indonesia. The company has requested the local government to attempt a negotiation, but union officials said they were nowhere closer to a deal. The union is vowing the longest strike since 2006, when workers walked out for 25 days.

Business

The Coca-Cola Company Announced Earnings for the Fourth Quarter

Moreover, the stock is up 1.69% in one month through last close, to $42.02, showing a -0.20% return during the past three months. Research analysts covering shares of The Coca-Cola Co (NYSE:KO) are anticipating on a consensus basis that the stock will reach $44.6 within the next 52 weeks.