Top oilfield services firm Schlumberger NV is asking U.S. employees to disclose their COVID-19 vaccine status and said more customers are mandating vaccinations as a condition for working on their job sites, the company said on Friday. Oil and gas companies have begun ordering certain employees and new hires get vaccinated as Delta variant infections and hospitalizations rise. The Food and Drug Administration this week gave full approval to the Pfizer BioNTech COVID-19 vaccine, making it easier for companies to require the shot.
Does the resurgence of value stocks over growth stocks mean the bull market’s days are numbered? While value stocks on average over the past century have significantly beaten growth, they have suffered significant periods during which growth has come out on top. The past decade has been one such period.
(Bloomberg) — Welcome to the ETF Weekender, your round-up of the biggest and most interesting stories from the hottest corner of Wall Street.These may be the dog days of summer, but with U.S. stocks hitting relentless record highs as Federal Reserve Chair Jerome Powell preps the taper there’s been enough market action to keep ETF folk busy.In this week’s weekender: A mega new issuer is coming, regulators fixate on green washing, and new research debunks the very notion of ‘passive’ investing. T
Shares of several energy and oil companies, including Royal Dutch Shell plc ADR Class A (NYSE: RDS-A) and Royal Dutch Shell plc ADR Class B (NYSE: RDS-B), are trading higher ahead of tropical storms in the Gulf of Mexico, which have disrupted supply. According to The Weather Channel: Tropical Storm Ida is strengthening in the Caribbean Sea and is forecast to hammer the northern U.S. Gulf Coast as a major hurricane this weekend with life-threatening storm surge, dangerous rainfall flooding, poten
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The Pentagon says it has determined that the attack at the Kabul airport on Thursday involved only one location and not two as was previously reported. (Aug. 27)
(Bloomberg) — Canada’s top executives have been abruptly dragged into what had been a sleepy summer election campaign that was barely on their radar two weeks ago.Companies from real-estate investment funds to banks and telecommunications firms have been caught in the crosshairs of politicians — from all parties — with the policy debate over the past week tilting toward business taxation and regulation. Prime Minister Justin Trudeau’s Liberals came with new pledges to raise taxes on banks and
(Bloomberg) — Peloton Interactive Inc. tumbled Friday after delivering a disappointing sales outlook, the latest setback in a year marked by product recalls and waning consumer interest.The at-home fitness company disclosed other unwelcome news in its earnings report late Thursday, including that it’s cutting the price of its most popular bike, a move aimed at broadening its customer base but one that will also hurt its bottom line this year. Peloton also said it found a problem with the way it
Retirement requires an enormous amount of planning, affecting not only how much money to put aside for old age but how to spend and maintain it. Retirement Tip of the Week: When planning for retirement, especially if you plan to retire soon, make a list of expenses you expect to have — as well as any other variables that will affect your financial picture. Anything can happen in retirement, especially since for many of us this chapter of life could span decades.
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Kerryon Johnson is now a free agent. Johnson, the running back who was placed on waivers by the Eagles yesterday, has passed through waivers unclaimed today. That makes him free to sign with any team, although he’s currently dealing with a knee injury and unlikely to play early in the season. The 24-year-old Johnson entered [more]
WASHINGTON (Reuters) -The top Republican in the House of Representatives lashed out at President Joe Biden on Friday over the deaths of 13 U.S. service members in Afghanistan but stopped short of joining calls from other Republicans for the Democratic president to resign or face impeachment. House Minority Leader Kevin McCarthy instead asked Democratic Speaker Nancy Pelosi to call lawmakers back from an August break to consider legislation that he said would prevent a U.S. withdrawal from Afghanistan until all Americans are out of the country.