Month: April 2020

Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output. Saudi Arabia and Russia were close to finalizing a deal to cut crude output by a record 10 million barrels per day. Oil prices had fallen to 18-year lows as the coronavirus outbreak closed down economies across the world and after major producers Saudi Arabia and Russia had boosted output in a race for market share. …read more […]

3M has sued Performance Supply LLC of Manalapan, accusing it of charging exorbitant prices for N95 respirators. …read more […]

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(Bloomberg) — As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices.With talks well into their third day, the Mexican sovereign oil hedge, which insures the Latin American country against low prices and is considered a state secret, is a factor that may make the country less inclined to accept the OPEC+ agreement.For the last two decades, Mexico has bought so-called Asian style put options from a small group of investment banks and oil companies, in what’s considered …read more […]

Just seven weeks ago, we were in The Wizard of Oz‘s opulent Emerald City. We watched the major indexes hit new highs and reflect a seemingly immortal bull market.
But now, some investors who diligently followed their yellow brick roads and had hoped to retire in 2020 are feeling shortchanged.
It’s true that a low-maintenance investing strategy prevents emotion-driven losses. (In fact, a study by Fidelity showed that the best-performing portfolios were ones investors had forgotten about.)
However, there are circumstances under which buy-and-hold can fail.
Target-date funds are offered by 9 out of 10 retirement plans, and a recent Vanguard survey shows that …read more […]

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Bitcoin futures volume on two regulated platforms – CME Group and Bakkt – fell sharply last month.The post Bitcoin futures volume on CME and Bakkt fell sharply in March appeared first on The Block. …read more […]

Businesses across the central Chinese city of Wuhan are gradually resuming operations after the lifting of a lockdown on April 8, 2020, nearly two and a half months after it was imposed to slow the spread of the deadly coronavirus. But few consumers are returning to restaurants and shopping centres since many are still worried about contracting Covid-19 as the outbreak continues, leaving small business owners facing an uncertain future. …read more […]

If you own shares in Office Properties Income Trust (NASDAQ:OPI) then it’s worth thinking about how it contributes to… …read more […]

On CNBC’s “Options Action,” Mike Khouw spoke about unusually high options activity in Tesla Inc (NASDAQ: TSLA). He saw some bullish activity in the name on Thursday as there were more calls than puts traded and call options volume was above its daily average.At the beginning of the session, Khouw noticed a purchase of 11,000 contracts of the April $600 calls for $12. The trade breaks even at $612 or 6.8% above the closing price on Thursday. Khouw said the implied volatility is up considerably, but Tesla is one of the stocks that is up on the year even though …read more […]

As companies announce the marketing or development of diagnostic tests for the new coronavirus, they invariably reference an Emergency Use Authorization, or EUA.U.S.-based Co-Diagnostics Inc (NASDAQ: CODX) announced April 6 that its Logix Smart SARS-CoV-2 test received an EUA from the FDA, sending its shares higher by about 26%.What Is EUA? An EUA is accorded by the FDA under section 564 of the Federal Food, Drug and Cosmetic Act. It allows unapproved medical products or unapproved uses of approved medical products to be used in an emergency for diagnosing, treating or preventing serious or life-threatening diseases or conditions, especially …read more […]

Pre-IPO investing is where the money is at. It used to be for millionaires. And the average investor could only invest in publicly traded companies. But times have changed.
Startups are risky. However, they also have the potential to bring in massive gains. Gains you don’t see on the stock market. That’s why you should consider investing pre-IPO. Let’s look at the details…
What is Pre-IPO Investing?

Pre-IPO investing is when you invest in a private company before its initial public offering (IPO). An IPO is when a company’s shares trade on a public market for the first time. Pre-IPO shares are not …read more […]