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French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: 'A Left Government Might Pose Challenges For Billionaire Owners'
Monday, July 8, 2024 - 9:18am | 761French stocks experienced a mixed trading session Monday as investors assessed the implications of an unexpected left-wing victory in Sunday's second round of legislative elections. At 8:30 a.m. ET, the CAC 40 index, which tracks the forty largest companies in France by market capitalization, was...
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DeSantis Distances Himself From Trump's 2020 Election Theories: '...Did Not Prove To Be True'
Saturday, August 5, 2023 - 2:09am | 444Florida Governor Ron DeSantis recently clarified his stance on the unsubstantiated theories surrounding the 2020 election, distancing himself from former President Donald Trump‘s claims. What Happened: In a recent statement, DeSantis acknowledged that the 2020 election was not...
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Will Trump Ban Oil From Violence-Torn Venezuela? President Faces Tough Foreign Test
Tuesday, August 1, 2017 - 12:09pm | 837President Donald Trump is expected to announce whether the United States will limit or ban oil from its third-biggest exporter, Venezuela, a country of 31 million people that has descended into dictatorship and disorder. News agencies reported widely out of Washington that Trump would make an...
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Owens-Illinois Gives Update On Venezuela Arbitration, Says Country Might Not Be Able To Pay
Thursday, April 7, 2016 - 12:49pm | 240Owens-Illinois Inc (NYSE: OI) provided investors on Thursday with an update to an ongoing dispute with the government of Venezuela. Owens-Illinois, a bottle maker, has been awarded a $455 million settlement in a nationalization claim against Venezuela. Under Hugo Chavez's rule, the...
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6 Reasons Why What's Going On In Venezuela Matters
Wednesday, March 5, 2014 - 3:17pm | 1016Venezuela's Hugo Chavez died a year ago today, and the country still isn't coping well. Major civil unrest is challenging Chavez's replacement, President Nicolas Maduro, and investors need to keep a wary eye on the situation. Why Venezuela matters: oil If Venezuela's current civil strife...
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Unsafe At Any Age: Violence In Venezuela Causes Locals To Speak Out
Tuesday, March 4, 2014 - 1:16pm | 990The February 12 protests in Caracas, Venezuela gained international attention after a student was killed in what began as a peaceful march through the city. Since then, much of what has happened in the South American nation has been shrouded in confusion as government controls on media outlets...
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Benzinga Market Primer: Monday, April 15: Tax Day Edition
Monday, April 15, 2013 - 6:35am | 1074Futures Lower on Weak Chinese Economic Data U.S. equity futures traded sharply lower in the pre-market following Friday's sell off on weaker than expected economic data from China. China reported that first quarter GDP grew at a 7.7 percent annualized rate vs. 8.0 percent expected, while...
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6 Undervalued Stocks You May Want To Consider
Friday, March 8, 2013 - 4:58pm | 589When looking for stable large cap companies that are undervalued by the market, consider these additions to help strengthen your portfolio. Metrics considered included standard valuation ratios, book value, growth patterns; all of which are supported with a combination of insider and institutional...
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Benzinga Market Primer: Wednesday, March 6
Wednesday, March 6, 2013 - 7:31am | 940Futures Higher on Global Services Data U.S. equity futures rose in the pre-market after the Dow Jones Industrial Average posted a new all time closing high and on the back of stronger than expected services PMIs around the world. Notably, the ISM Non-Manufacturing Index in the U.S. beat...
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2 Energy ETFs Could Benefit From Chavez Passing
Tuesday, March 5, 2013 - 6:52pm | 751On Tuesday, Venezuelan Vice President Nicolas Maduro confirmed that President Hugo Chavez passed away, ending a two-year bout with cancer. Chavez, 58, controlled Venezuela, South America's largest oil producer, for 14 years. Frequently an antagonist of the U.S., Chavez even blamed the U.S. for...
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Bond ETFs Resisting Chavez Rumors Yet Again
Friday, March 1, 2013 - 2:05pm | 642Rumors of Venezuelan President Hugo Chavez's death are back. On Thursday, Vice President Nicolás Maduro, Chavez's likely successor, took to Venezuelan television to ward off speculation of the president's passing. That came a day after CNN Chile, citing a Panamanian diplomat, reported that Chavez...
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No Inauguration For Chavez; These ETFs May be in Play
Tuesday, January 8, 2013 - 5:53pm | 699After the close of U.S. markets Tuesday, Bloomberg reported Venezuelan President Hugo Chavez will not be sworn in on Thursday January 10. The likely reason is his ailing health. Chavez has been in Cuba for several weeks recovering from a fourth procedure to treat cancer. Last week, it was...
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ETFs With Venezuela Exposure Mixed on Chavez Cancer News
Tuesday, December 11, 2012 - 3:42pm | 629Venezuelan President Hugo Chavez is in Cuba Tuesday receiving treatment for the return of his cancer. Chavez made the announcement on Saturday, noting that Vice President Nicholas Maduro would finish the Chavez term if the controversial president were to become incapacitated. Chavez also implored...
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Finding ETF Ways to Participate in Venezuela's Upside
Monday, October 15, 2012 - 7:03am | 843Name the top-performing global stock market thus far in 2012. Believe it or not, a guess other than Venezuela would be wrong. The country that has been ruled by leftist President Hugo Chavez since early 1999 is home to a stunning stock market rally. Despite Chavez's penchant for socialist policies...
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Chavez Won't Acknowledge Ruling In Exxon Flap
Sunday, January 8, 2012 - 4:25pm | 217President Hugo Chavez said today that Venezuela will not recognize a ruling by the World Bank tribunal in a case involving Latin America's largest oil-producing country and Exxon Mobil (NYSE: XOM), the largest U.S. oil company. Exxon Mobil was recently awarded $746.9 million by the International...