U.S. stocks rose on Friday and posted gains for the week, helped by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.
The stock market could see new records in 2021, but it won’t be a smooth ride, warns Paul Schatz. …read more […]
Boeing Co said on Friday it would resume operations at production facilities in Philadelphia next week after a two week suspension due to the spread of the coronavirus.
Goldman Sachs downgraded Apple stock to ‘sell’ due to the coronavirus pandemic, and Yahoo Finance’s Dan Roberts, Melody Hahm, and Myles Udland break it all down. …read more […]
U.S. travelers spent much of the last decade complaining about discount airlines that charged low fares but bombarded consumers with fees. Now the U.S. government may be pushing at least two prominent ultra-low-cost-carriers — Frontier Airlines and Spirit Airlines — into financial purgatory, though perhaps not on purpose. The CARES Act signed last month by […] …read more […]
Investors like Sir John Templeton and Bill Browder used major market downturns to make millions of dollars.
Nicholas Vardy explains their way to wealth today: the surprisingly simple rules of crisis investing.
“People are always asking me where is the outlook good, but that’s the wrong question… The right question is: Where is the outlook the most miserable?”
– Sir John Templeton
Sir John Templeton made his reputation as a pioneer in global investing.
After all, he spent a lifetime investing in foreign stock markets far off the radar screen of most U.S. investors.
Templeton bought U.S. stocks even as Hitler’s armies rolled into Poland in …read more […]
Occidental Petroleum shareholders next month will get their first say on the oil company’s troubled acquisition of Anadarko Petroleum when they vote on issuing shares and warrants to Berkshire Hathaway for helping finance the $38 billion deal.
Occidental Petroleum shareholders next month will get their first say on the oil company’s troubled acquisition of Anadarko Petroleum when they vote on issuing shares and warrants to Berkshire Hathaway for helping finance the $38 billion deal. The Anadarko acquisition closed in August, months before an oil price crash sapped the cash flow Occidental needed to pay the debt taken with the purchase. Critics, including activist shareholder Carl Icahn, have said the financing deal with Berkshire Hathaway’s Warren Buffett was too generous. …read more […]
Global stocks rallied on Friday on President Donald Trump’s plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid investors’ growing risk-on sentiment.
U.S. stocks rose on Friday, helped by a surge in Boeing shares, President Donald Trump’s plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19.
Goldman Sachs downgraded Apple to ‘sell’ from ‘neutral’, citing the economic slump for a near-term decline in iPhone sales. Yahoo Finance’s Dan Howley joins Seana Smith to discuss. …read more […]
Great Hill Capital Chairman Thomas Hayes joins Yahoo Finance’s Seana Smith to discuss if the market’s response to COVIID-19 treatment optimism will last. …read more […]
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies – Chevron Corp , ConocoPhillips and Occidental Petroleum Corp – account for more than half of the cuts.
In this article, Early Investing co-founder Adam Sharp explains why the current economic environment could lead to significant inflation. And why that may actually be a silver lining both for the economy – and for investors.
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Things are looking pretty grim for the world economy. Production is sputtering. Unemployment is soaring. And we don’t know when the COVID-19 quarantines can safely end.
But in every crisis – including this one – there are silver linings.
For the past few decades, much of the world has depended on ever-increasing debt to keep growing.
We all know this isn’t sustainable. But we’ve put off dealing with …read more […]
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