The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said.
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.
(Bloomberg) — An unprecedented accord between the world’s largest oil producers to ratchet back production and rescue crude markets from a catastrophic pandemic-driven collapse moved closer within reach after Russia signaled it’s ready to make cuts.Moscow, whose grudge against U.S. shale is arguably the biggest obstacle for a deal to rescue the word’s oil industry from collapse, said Wednesday it’s willing to reduce output by an unprecedented 1.6 million barrels a day, or roughly 15%. Oil prices surged in New York.At stake is the fate of entire oil-dependent economies, thousands of companies and millions of oil industry jobs as the …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
In our recent Trade Talk Tuesdays, I told you about a stock I liked. Now I’m going to tell you about two stocks I DON’T like.
You’ve probably heard about the first one. It’s a bank that may be on the chopping block.
The second stock is surely toast. It’s a company making motorcycles and catering to a demographic that’s watching its disability income get chopped in half.
Click the play button below to learn more…
For full instructions on how to trade picks like these, join me in The War Room!
The post These Two Names Could Be Big Losers appeared first on …read more […]
(Bloomberg) — Crude extended gains in Asia after Russia said that it was prepared to reduce output to help stabilize the market before a meeting of top producers later on Thursday.Futures in New York rose as much as 6.1%, after gaining 6.2% on Wednesday. A global supply-curb agreement may be sealed at the OPEC+ emergency virtual meeting on Thursday after Russia said that it is ready to cut oil production by 1.6 million barrels a day, or about 15%. A “massive output reduction” would be discussed, said the energy minister of Algeria, which holds OPEC’s rotating presidency, amid persistent doubts …read more […]
We’re already starting to see dividend suspensions as a result of the coronavirus pandemic.
Companies like Brinker International (NYSE: EAT), Bed Bath & Beyond (Nasdaq: BBBY) and Herman Miller (Nasdaq: MLHR) have all announced either postponements or suspensions of their dividends.
More announcements like this are sure to come. In fact, the stimulus package states that any company that receives bailout money must suspend stock buybacks and dividend payments until its loans are paid back to the government.
Due to the economic havoc the coronavirus is wreaking, we are adjusting SafetyNet Pro to a new reality – that companies may have a …read more […]
Stock futures opened lower Wednesday evening, taking a pause after the regular session’s rally sent both the S&P 500 and Dow up more than 3.4%. …read more […]
U.S. crude futures rose as much as 6% in early trade on Thursday ahead of a crucial meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia – a group known as OPEC+.
Costco Wholesale Corp reported a 9.6% jump in March comparable sales, as customers stocked up on essentials to weather coronavirus-led lockdowns.
Starbucks Corp on Wednesday forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic would extend into the final quarter of 2020.
The U.S. government’s $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a system that will allow hundreds of new lenders to participate in the unprecedented scheme.
The U.S. economy is headed for a return to growth in the second half of the year after a steep decline this quarter, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.
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