Author: Kevin Bae
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Simply Safe Dividends downgrades Pinnacle West Capital safety score
The info below is not sponsored. Simply Safe Dividends is a service I use to evaluate companies in my portfolio. On Thursday, Pinnacle West received bad news regarding its pending rate case with state regulators when the Arizona Corporation Commission (ACC) voted to reduce the potential profits of the state’s largest electric utility.The ACC moved…
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Nucor launches line of net-zero carbon steel products
Nucor Corporation (NUE) announced today the launch of Econiq™, a line of net-zero carbon steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. By introducing Econiq, Nucor is providing confidence for steel consumers to know they are purchasing the lowest greenhouse gas (GHG) emissions steel product available. A first of…
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Johnson & Johnson submit request for approval on booster to FDA
Johnson & Johnson said Tuesday that the company had submitted data to the Food and Drug Administration to support the use of a booster dose of its Covid-19 vaccine. The announcement comes two weeks after the company presented the results of a randomized, controlled Phase 3 study showing that a booster dose given two months after…
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Pepsi raises expectations, posts higher revenue but lower profit for the quarter
The maker of snacks and beverages on Tuesday said it expects organic revenue—a measurement that adjusts for items like foreign-exchange translation, acquisitions and divestitures—to grow about 8% for fiscal 2021. It previously expected organic revenue to grow 6%. The Purchase, N.Y., company sees core constant currency earnings per share growth of at least 11%, compared…
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OPEC+ decision leads to higher oil prices
OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014. West Texas Intermediate, the main U.S. oil price, rose 2.3% to close at $77.62 a barrel. Brent, the…
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