Author: Jon Adams

MacKenzie Bezos, ex-wife of Amazon CEO Jeff Bezos, reduced her stake in the company by about $400 million, according to a recent SEC filing. The filing shows she still holds 19.5 million shares of the company It’s assumed the Ms....

The world economy looked set to benefit from a U.S.-China trade deal, which rolled back some aspects of trade to the pre-trade-war status quo. Now, the prospects of a fragile stabilization of the global economy could be on the ropes...

Apprehension continues to build on Wall Street as investors await to see if war is on the table for Iran and the U.S. Both U.S. leaders and Iranian leaders have reassured that they are not seeking war, but tightened sanctions...

Chemical maker FMC Corporation reported fourth quarter financial results as well as full year financial results recently. The company said it saw profits hit $32.4 million or 24 cents per share in fourth-quarter 2018. This is compared to $530.1 million...

Marathon Oil has set a $2.4 billion development capital budget for 2019 with 95% of the funds to be allocated 60-40 to the four US resource plays. These plays are Eagle Ford and Bakken, and Oklahoma and Northern Delaware, respectively....

Iron-ore miner Cleveland-Cliffs Inc. has announced a new chief financial officer. The company has landed the finance chief of metals service center Metals USA Holdings Corp., Keith Koci. Koci will be succeeding Timothy Flanagan, who is leaving the mining compa...

The world’s eighth largest producer of aluminum, Alcoa, reported fourth quarter and full year results recently. For the fourth quarter, Alcoa reported net income of $43 million, or $0.23 per share. This is compared to a net loss of $41...

Anglo–Swiss multinational commodity trading and mining company Glencore has announced that it intends to slash around 2,000 employees from the Congolese mine, the world’s most prolific producer of cobalt. According to sources close to the situation who...