Investing.com -- A U.S. judge ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment against the country. U.S. District Judge Loretta Preska in Manhattan ruled on Monday that Argentina must transfer its YPF shares within 14 days to a BNY Mellon (NYSE:BK) custody account. The country must also instruct the bank to transfer the share ...
By Tanay Dhumal (Reuters) -Shares of U.S. renewable energy firms saw a mixed performance in early Monday trading after the U.S. Senate advanced President Donald Trump’s sweeping tax-and-spending bill. The final version preserved tax credits for solar leasing — an arrangement where a third-party owns and installs a solar panel system on a customer’s property for a fee to use the system and th ...
Investing.com -- Apple faces significant uncertainty ahead of its fiscal third-quarter earnings, with MoffettNathanson warning that the coming report “will be unusually difficult to make sense of.” The firm reiterated a Sell rating and a $139 price target on the stock, citing multiple unresolved issues ranging from tariffs and China discounting to AI strategy and potential fallout f ...
By Nate Raymond (Reuters) -The U.S. Supreme Court turned away on Monday Exxon Mobil Corp (NYSE:XOM)’s bid to overturn a $14.25 million civil penalty that a judge imposed in a long-running lawsuit over air pollution at its Baytown, Texas, crude oil refinery. Exxon had asked the justices to take up the case after a lower court in December upheld the largest penalty ever assessed in a citizen-ini ...