SkyBridge Founder and former White House Communications Director Anthony Scaramucci says the 2008 downturn taught traders a key lesson for how to weather the current upheaval. …read more […]
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a further 5%. The plan for cuts top the agenda for Friday’s video conference of energy ministers from the Group of 20 (G20) major economies, after Moscow, Riyadh and others in the OPEC+ group forged a deal in marathon talks on Thursday, only have it stumble when Mexico balked at the initiative. Oil prices have plunged to their lowest in two …read more […]
U.S. President Donald Trump said on Thursday he has directed his agriculture secretary to expedite help to farmers, especially small farmers, hurt by the economic disruption caused by the new coronavirus outbreak.
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts.
Nissan Motor Co Ltd’s management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said.
Whilst it may not be a huge deal, we thought it was good to see that Sai Ho, who is a company insider, recently bought… …read more […]
Alcohol stocks may appear to be a good play in the age of Covid-19. After all, everyone’s stuck home with little to do beyond eating, drinking and watching Tiger King. It certainly is reasonable to think that under these circumstances, the alcohol industry could see a bit of a boon.
Before we look at the situation the alcohol industry finds itself in right now, let’s take a look at the alcohol industry and how alcohol stocks have been doing prior to Coronavirus.
The Alcohol Industry
An alcohol stock is a sin stock. That means it belongs to an industry that many people find …read more […]
Make sure you have three financial accounts to manage your money: Savings, checking, and retirement. They work together to provide security. …read more […]
Airbus has shelved plans to create a new assembly line in Toulouse, France, for its A321 airliner as the company wrestles with the coronavirus crisis.
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a collective cut in output of 10 million barrels per day, before asking other nations for a further 5 million bpd of cuts.
Americans have received conflicting information on when they will receive stimulus checks. But there’s good news: checks will hit their bank accounts soon. …read more […]
François-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering , has agreed to a pay cut in the latest example of top executives accepting lower salaries as a gesture of solidarity during the coronavirus crisis.
Oil and natural gas stock Chesapeake Energy (CHK) has announced that the company’s expected reverse stock split is set to occur on April 13, subject to shareholder approval.With shares now trading at just $0.17, the reverse split is intended to increase the per share trading price to satisfy the $1 minimum bid price requirement for continued listing on the NYSE.As a result of the reverse stock split, every 50 to 200 (as determined by the company’s board) shares of CHK’s common stock will automatically combine into one share, and the number of shares of common stock outstanding will be accordingly …read more […]
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