Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic, a survey of thousands of chief executives showed on Wednesday.
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector’s biggest companies report quarterly results following the historic collapse in oil prices.
Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion, the Wall Street Journal reported on Tuesday.
Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus pandemic has had on global economic demand.
As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group.
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese consumer electronics company.
Earnings from Delta Air Lines and AT&T will take centerstage Wednesday. …read more […]
The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
United Airlines Holdings Inc on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic.
Microsoft (MSFT) recently knocked Apple off the top spot for the coveted title of the world’s largest company by market cap. While Apple has felt COVID-19’s sharp impact significantly disrupt proceedings, Microsoft’s main growth driver has kept it charging ahead.What is this main growth driver? Wedbush analyst Daniel Ives believes the answer is clear. The Redmond giant’s core strength lies in its cloud offerings. The 5-star analyst implores investors to “own MSFT for the other side of this dark valley.”The dark valley for Microsoft concerns its exposure to PCs and supply chain, where roughly a third of Microsoft’s revenue lies. …read more […]
(Bloomberg) — United Airlines Holdings Inc. is seeking to raise more than $1 billion by selling shares, stepping up efforts to increase capital to survive a collapse in travel demand.The offering consists of 39.25 million shares an option for the underwriters to buy an additional 3.93 million shares, United said in a statement Tuesday. The deal is expected to price before the market opens Wednesday between $25.95 and $26.50 a share, said a person familiar with the matter. That would be a discount of as much as 6.9% to the last closing price.The share sale, the first by a major …read more […]
As I’m sure you know, I was one of the first analysts to say, “buy Clorox!” This was at the very beginning stages of the coronavirus pandemic back in February.
That singular piece of advice allowed War Room members (including you) to not only survive the corona crash but also thrive – all while other investors are losing.
Now I’m using the same selection methodology to make today’s newest pick.
Check out what I have to say in this week’s Trade Talk Tuesdays.
You don’t want to miss it!
Click the play button below to learn more…
For full instructions on how to play picks like …read more […]
A handful of mostly southern U.S. states will begin loosening economic restrictions this week in the midst of a still virulent pandemic, providing a live-fire test of whether America’s communities can start to reopen without triggering a surge that may force them to close again.
We are about to see a mass extinction event.
One on a scale we have never seen before.
On Monday, the price of U.S. crude oil plummeted not just below $1 but into negative territory for the first time ever.
Black gold was shredded for a one-day drop of more than 300%!
To say it was the most catastrophic day in crude’s history feels like an understatement.
There’s no day that comes anywhere close.
But this is the exact situation we’ve been fearing.
This is the setup I’ve been trying to warn investors about not just for weeks… but for years.
I’ve preached that not only is “peak …read more […]
Dan Dicker, founder of The Energy Word, joins Yahoo Finance Live to discuss the historic turn that oil has made and what investors need to know moving forward in the market. …read more […]
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