Chevron takes a $10 billion hit from cheap oil and gas prices

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Chevron takes a $10 billion hit from cheap oil and gas prices

New York (CNN Business) America’s abundance of crude oil and natural gas is forcing Chevron to slash the value of its energy portfolio. Chevron (CVX) announced Wednesday it dimmed its long-term outlook for oil and gas prices because of that glut of fossil …
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American Eagle holiday-quarter forecast below estimates on higher markdowns

Adds background, details, compares with estimates. Dec 11 (Reuters) – American Eagle Outfitters Inc AEO.N forecast holiday-quarter profit and comparable sales below market estimates on Wednesday, as weaker demand pressures the retailer into offering …
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2020 Predictions: RPA, AI set to become everyday tools for UK firms

Experts believe that both the accountancy and audit industries are on the cusp of an automation transformation in 2020, guided by the incredible growth of robotic process automation (RPA) and artificial intelligence (AI) throughout the last few years.
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US consumer prices increase more than expected in November

WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in November, which could further support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
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How Dish Stock Reacted to T-Mobile-Sprint Trial

A lot is at stake for Dish Network (DISH) in the trial of the T-Mobile (TMUS) and Sprint (S) merger deal. If the deal succeeds, Dish’s wireless business will receive a huge boost. Dish stock jumped on July 26, the day the company announced it would join the …
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