Enbridge Among Growing List of Earnings Boosted by Acquisitions
Thanks to its growing list of acquisitions,...
Thanks to its growing list of acquisitions, Enbridge’s third-quarter profits more than doubled, jumping from CA$500 million (US$359 million) to CA$1.3 billion (US$0.93 billion) year-over-year.
Canada-based Enbridge’s portfolio includes gas and liquids pipelines, a renewable energy segment and, over the last year, a natural gas utilities sector in the U.S.
"Across the business, we saw strong utilization of our assets, which drove another solid quarter of financial results, positioning us to achieve full-year guidance for the 19th year in a row,” said Greg Ebel, Enbridge president and CEO, during the company’s third-quarter earnings call Nov. 1.
Should you be stockpiling Cash like Warren Buffett?
Warren Buffett continues to stockpile cash, slashes his Apple...
Warren Buffett continues to stockpile cash, slashes his Apple stake: … Warren Buffett is doing his best Scrooge McDuck impression—his conglomerate Berkshire Hathaway increased his cash pile to a record $325.2 billion in Q3 from $276.9 billion the previous quarter, although there are no reports of him throwing on a bathing suit and swimming in it. The Oracle of Omaha, who sold 389 million Apple shares in Q2, dumped about a quarter of his Apple stake in Q3, along with more Bank of America shares. Overall, Berkshire sold $36.1 billion of stock during Q3 and bought just $1.5 billion: It’s the eighth straight quarter during which Buffett was a net seller of stocks.
Candidates hit Western PA on Election Eve. Good thing...
Candidates hit Western PA on Election Eve. Good thing the Steelers had a bye week yesterday, because Pittsburgh is being overrun by the presidential campaigns. Pennsylvania and its 19 electoral votes are considered a must-win for Kamala Harris and Donald Trump, who will both hold rallies in the city today. In the latest New York Times/Siena poll, PA is a dead heat.
Another rate cut is on tap…but when will the next one come? Despite...
Another rate cut is on tap…but when will the next one come? Despite last week’s messy jobs report showing signs of a cooling labor market, the Fed is expected to lower interest rates by a traditional quarter point on Thursday following a meaty cut of 50 basis points in September. How the Fed plays the rest of the year remains less of a sure thing, and investors will be looking for clues about when and if Jerome Powell will consider cuts beyond this one. All of this will take place against the backdrop of an election that may or may not be decided by the time the Fed meeting wraps up.
Spanish leaders, including King Felipe, faced protests and were called “murderers” when they visited a city that was hit hard by deadly floods last week. Anger is growing in Spain over the government’s response to flooding that has killed at least 217 people.
Nearly $1 billion has been spent on political ads in the last week alone, according to AdImpact.
Wendy’s is closing 140 restaurants by year’s end but plans to replace them in new locations. It’s like that old expression: When one Wendy’s closes, another one opens.
Mariah Carey has once again declared, “It’s time.” The somewhat popular Christmas tune “All I Want for Christmas Is You” is celebrating its 30th anniversary this fall.
Israel says it carried out ground raid into Syria, seizing a Syrian citizen connected to Iran
JERUSALEM (AP) — The Israeli military said Sunday it has carried out...
JERUSALEM (AP) — The Israeli military said Sunday it has carried out a ground raid into Syria, seizing a Syrian citizen involved in Iranian networks. It was the first time in the current war that Israel announced its troops operated in Syrian territory.
Israel has carried out airstrikes in Syria multiple times over the past year, targeting members of Lebanon’s Hezbollah and officials from Iran, the close ally of both Hezbollah and Syria. But it has not previously made public any ground forays into Syria.
