The Russian energy ministry has told domestic oil producers to reduce oil output by around 20% from their average February levels, two industry sources told Reuters on Monday, which would bring Moscow in line with its commitment under a global deal.
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop in travel demand from the coronavirus outbreak which has weighed on its investments in Latin America.
Are the dark clouds that have been looming over Wall Street finally dissipating? The recent rally in stocks has generated hope among some investors that this is in fact the case. Driven by strong results from Gilead’s clinical trial evaluating remdesivir, its COVID-19 treatment, as well as President Trump’s plan to reopen the economy, all three of the major U.S. stock indexes wrapped up last week of trading in the green. This marked the first back-to-back weekly gains in over two months.Having said that, one investing guru is wary amid the market’s modest recovery. In a recent note to his …read more […]
In this edition of Beyond the Bong, Trend’s Expert Matthew Carr looks at 3 Pot Stocks to Invest In Today.
Now, with 4/20 here – the high holy day of the cannabis industry – a lot of investors are starting to turn their attention to pot stocks. And we have a number of producers reporting earnings in the coming weeks. But those are just two of the catalysts for the industry.We’re also in the midst of what I call “Pot Smoking Season” here in the U.S. This kicks off every year in March and stretches to September.
We’ll use Colorado’s monthly sales …read more […]
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Anjalee Khemlani break down the latest news on the coronavirus pandemic. …read more […]
Those holding Royal Caribbean Cruises (NYSE:RCL) shares must be pleased that the share price has rebounded 57% in the… …read more […]
The U.S. carrier said it expects to borrow up to about $4.5 billion from the U.S. Treasury Department for a term of up to five years. The pre-tax loss reflects $63 million of special charges, including a $50 million impairment for its routes in China, where the coronavirus first started to affect travel in January. Chicago-based United said it only plans to fly about 10% of its normal schedule in May and June. …read more […]
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop in travel demand from the coronavirus pandemic.
U.S. Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.
The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday.
A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before.
Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data hit sentiment.
The move meant that Chase would collect larger processing fees, nearly $6 billion in total. The suit follows similar allegations against Wells Fargo. …read more […]
Leading fracking firm Halliburton reported a $1 billion first quarter loss and $1.1 billion in impairment charges on Monday as it gave a bleak outlook for North American oilfields after the coronavirus-driven oil price decline.
U.S. stock index futures fell on Monday as a slump in oil prices pounded energy stocks, with investors also bracing for another batch of dour first-quarter earnings reports and economic data.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
