Business News
Uber’s challenge to balance driver safety with customer privacy
Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride last September in Lafayette, Louisiana.
Month: March 2020
Trading Ideas
Insider Buying: The AbbVie Inc. (NYSE:ABBV) Independent Director Just Bought US$253k Worth Of Shares
Potential AbbVie Inc. (NYSE:ABBV) shareholders may wish to note that the Independent Director, Edward Rapp, recently… …read more […]
Trading Ideas
Why Trump is behind the curve on coronavirus: Morning Brief
Top news and what to watch in the markets on Tuesday, March 10, 2020. …read more […]
Business News
Oil jumps after rout on stimulus hopes but price war weighs
Oil prices jumped by around 4% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although a looming price war weighed on sentiment.
Trading Ideas
Saudi Arabia Escalates Price War With Huge Oil Output Hike
(Bloomberg) — Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production hike to flood the market.The output increase — more than 25% up from last month — puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories to dump as much crude, as quickly as possible, on the market. In February, Saudi Arabia produced about 9.7 million barrels a day.It’s the latest maneuver in what’s set to be a long and …read more […]
Business News
Union says engineers ratify, technical workers reject Boeing contract offers
The union that represents thousands of Boeing Co employees said late on Monday that a four-year contract extension offer was ratified by engineers but rejected by technical workers.
Trading Ideas
Business News
U.S. clears Infineon’s $10 billion takeover of Cypress
Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp .
Trading Ideas
Business News
Oil jumps 5% after rout on stimulus hopes, slowing virus in China
Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus.
Trading Ideas
The Oil Crisis Is Even Worse News for Shell and BP
(Bloomberg Opinion) — The collapse in crude prices has brought into relief the correlation between oil majors’ financial leverage and the valuation of their shares. It’s a relationship that looks like particularly bad news for the bigger European firms.Investors’ knee-jerk reaction to the downward lurch in the oil price was, naturally, more severe toward the companies that were more indebted. So shares in BP Plc, Royal Dutch Shell Plc, Equinor ASA and Eni SpA suffered more than Total SA and the two big U.S. majors, Exxon Mobil Corp. and Chevron Corp., when European markets closed on Monday.Investors’ worries about leverage …read more […]
Business News
Norwegian Air halts flights to Italy because of coronavirus
Norwegian Air has temporarily halted flights to and from Italy because of the coronavirus outbreak, the budget carrier said on Tuesday, adding to the company’s financial woes.
Business News
Asian shares emerge from rout as stimulus hopes calm panic
Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak.
Business News
IKEA to sell through third party for first time on Tmall in China
IKEA on Tuesday started selling its products on Alibaba’s Chinese e-commerce platform Tmall, the first time the world’s biggest furniture retailer has sold through a third party in its 77-year history.
Business News
Oil bounces 8% on stimulus hopes, virus slowdown in China
Oil prices bounced 8% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China.