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Teekay Offshore Shares Spike 30% Higher on Brookfield Merger Agreement

Teekay Offshore Partners shares are trading more than 30% higher today on news that Brookfield Business Partners will be purchasing all un-owned common units of the firm for $1.55 per share. This morning Hamilton, Bermuda based Teekay Offshore Partners L.P. (TOO:NYSE...
Streetwise Reports | October 2, 2019 |

Stocks at Last Year’s Record High

Stocks retraced some of their Tuesday’s run-up yesterday, as investors took short-term profits off the table. The S&P 500 got very close to the September 21st record high. Will it reach the new all-time high? The U.S. stock market indexes lost 0.2% on Wedne...
Paul Rejczak | April 29, 2019 |

Stocks Turning Lower, Earnings in Play

Stocks retraced some of their recent advance on Wednesday, as investors took short-term profits off the table. The S&P 500 index fell below the 3,000 level and closed 1.1% below the Monday’s new record high of 3,017.80. So is this a downward reversal or just a ...
Paul Rejczak | July 19, 2019 |

Market News Report: February 3, 2020 - February 7, 2020

Last week’s economic data releases have been dimmed by China virus crisis intensity on Friday, but there was an increase in volatility following Wednesday’s FOMC and the important quarterly earnings releases on Tuesday and Thursday. This week we...
Paul Rejczak | February 3, 2020 |