Oil prices dropped sharply on Tuesday, with U.S. prices sliding back toward $20 a barrel, as investors bet that fuel demand destruction caused by the coronavirus pandemic would be too much for producers embarking on record global output cuts to offset.
Texas energy regulators listened as top energy executives on Tuesday backed a plan to cut the state’s output by 1 million barrels per day without tipping their hands through more than five hours of sometimes dire testimony.
U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan and Wells Fargo.
Credit Suisse shareholders should reject its compensation report and deny its leadership a discharge in an upcoming vote, a proxy advisor said, the latest fallout from a spying scandal that cost ex-boss Tidjane Thiam his job.
Amid the coronavirus, the International Monetary Fund is projecting its worst ever economic forecast for the global economy: a 3% contraction in 2020. …read more […]
Investors are worried about Southwest Airlines’ dividend. The airline industry is feeling the pain. A global shutdown has led to a steep drop in the number of flights. It’s gotten so bad that the government is stepping in with bailouts, with strings attached.
So, to get a better understanding of Southwest’s dividend safety, we’ll look at trends over the last 10 years. But first, let’s look at the business as a whole…
Southwest Airlines Stock and Business Overview
Southwest Airlines (NYSE: LUV) is a $18 billion dollar business. The company is based out of Dallas, Texas and it has 60,800 employees. Last year, …read more […]
Micro-cap biotech? Check. Up by over 40% in one trading session? Check. Possible COVID-19 treatment? Check. All the ingredients for a familiar narrative in these coronavirus driven times are present. We’re talking about Pluristem Therapeutics (PSTI), a small Israeli biotech with promising preliminary data regarding a possible COVID-19 treatment.Last week, Pluristem released initial results from its compassionate use program for the treatment of patients with acute respiratory failure and inflammatory complications resulting from COVID-19. Specifically, all seven ICU patients with acute respiratory distress syndrome (ARDS) treated so far with Pluristem’s PLX cell therapy have survived, with 6 out of 7 …read more […]
Mexico’s president has incurred a debt with his U.S. counterpart Donald Trump by accepting U.S. help to end a standoff over global oil cuts, triggering concern the American will in return make the country pay on issues like migration and security.
Japanese automaker Subaru Corp said Tuesday it will extend a shutdown of its Indiana assembly plant through May 8 because of declining market demand and supply chain issues related to the coronavirus outbreak.
A broad rebound in U.S. stocks is leaving behind shares of some supermarkets, household product makers and other staples companies that provided a haven in last month’s coronavirus-fueled selloff.
As the economy has fallen into a downward spiral over the last month, behemoth corporations have proven that they are not immune. Apple (AAPL), Microsoft (MSFT), Intel (INTC) and more are all down over 10% from early 2020 highs. However, fortunately for these companies, they have physical products to sell. Twitter (TWTR), SNAP (SNAP), and Facebook (FB) don’t.These social media titans sell services—specifically, ads. Despite the fact that people are home, and are spending more time on social media than ever before, each of these companies is down over 20% since mid-February. Why? As people are at home rather than …read more […]
Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jets from Latam Airlines Group , the Chilean carrier said.
Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns that anti-coronavirus measures could blight their profitability long after travel restrictions end.
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters. The message, sent by Chief Executive Officer Bill Winters to managers last week, also warned against using Alphabet Inc’s Google Hangouts platform for virtual gatherings. Neither service offers the level of encryption of conversations that rivals like Cisco System Inc’s Webex, Microsoft Corp’s Teams or Blue Jeans Network Inc do, industry experts said. …read more […]
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
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