Signage of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad Mohammed | Reuters Shares of Saudi Aramco surged on their second day of public trading, pushing the kingdom’s record IPO to a gargantuan
Investing
Taylor Swift attends the 2018 American Music Awards at Microsoft Theater on October 9, 2018 in Los Angeles, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Carlyle Group co-CEO Kewsong Lee is optimistic about the private equity firm’s investment in superstar Taylor Swift. “I’ve got every confidence in the world that it’s going to turn out
A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters General Electric shares rose after a new analyst at UBS assumed coverage on the troubled conglomerate with a buy rating. “We believe the stock is at a positive inflection point
Colin Anderson | Getty Images A new venture capital firm that will invest in companies that are fundamentally shifting how the energy sector operates said it has raised $250 million for its first fund. San Francisco-based Piva on Wednesday announced in a press release that its sole limited partner is Petronas, Malaysia’s state-owned oil and
Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past. “This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. Stocks have reacted wildly to reports