Author: Kevin Bae
-
Natural gas futures drop on warm weather forecasts
The plunge is a bad omen for drillers, whose shares were among the stock market’s few winners last year. Cheaper gas is good news for households and manufacturers whose budgets have been busted and profit margins pinched by high fuel prices. Falling natural gas prices should help to cool inflation in the months ahead. There are also…
-
Bank OZK raises dividend by 3%
Bank OZK (OZK) announced their 50th consecutive quarterly dividend increase of $0.34 per share. The increase is 3% over their previous payout of $0.33 per share. Bank OZK (OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.34 per share, up $0.01, or 3.03% from the prior…
-
Exxon & Chevron to concentrate their spending in the Americas
The two fossil-fuel giants plan to spend most of their annual budgets in the Americas this year, with Chevron saying it will pour 70% of the capital allocated for production into oil fields in the U.S., Argentina and Canada, and Exxon saying it will spend a similar portion of its budget in the Permian Basin…
-
3M (MMM) defends against chemical contamination claims
If some analysts are correct the liability will be in the tens of billions. What will that do to their dividend? 3M is defending itself against allegations that chemicals and products it has made for decades have contaminated drinking water and pose health risks. Legal and industry analysts expect 3M to be engaged for years…
-
Companies are pushing employees to return to the office
Party time is over I guess. Companies including investment giant Vanguard Group, workplace technology company Paycom Software Inc. PAYC -0.15%decrease; red down pointing triangle and others have sent directives to employees in recent weeks, urging workers to follow existing hybrid schedules or to come into the office on additional days in 2023, according to internal…
-
Tech companies laying off employees faster than during the pandemic
Why does the new year have to start out with bad news? 150k jobs cut in 2022. That’s nothing to sneeze at. Collectively, employers in the slumping tech sector cut more than 150,000 jobs in 2022, based on estimates from Layoffs.fyi, a website that tracks the events as they surface in media reports and company releases.…