Month: May 2020

It will be a big week for U.S. economic data with the release of the May jobs report and the Institute for Supply Management’s manufacturing index. …read more […]

Blackrock, the world’s largest asset manager has seen its share price surge as it doubled down on renewables investment …read more […]

Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s preparations told Reuters on Sunday. Algeria, which currently holds the presidency of the Organization of the Petroleum Exporting Countries (OPEC), has proposed the meeting planned for June 9-10 be brought forward to facilitate oil sales for countries such as Saudi Arabia, Iraq and Kuwait. The lack of Russian opposition to an earlier date could indicate that it is moving closer to an agreement with …read more […]

(Bloomberg Opinion) — The SpaceX Crew Dragon capsule that’s orbiting the Earth with two U.S. astronauts is the picture of New Space Age glamour. It’s a sleek, stylish commercially made capsule that’s destined to be featured beside Italian sports cars in future design textbooks. Just don’t tell that to Elon Musk, SpaceX’s chief executive and chief designer. “Is a Ferrari more reliable than a Toyota Corolla or a Honda Civic?” he once asked a space journalist. The answer, of course, is that the simpler sedans are far more reliable than the well-crafted sports car. So SpaceX, Musk made clear, was …read more […]

* This weekend’s Barron’s cover story offers some stocks poised to rebound as the economy reopens. * Other featured articles look at why now is a good time to buy insurance stocks, and who wins as Americans take to the roads again. * Also, the prospects for a senior-living stock, cruise and hotel stocks with a difference, and more.Cover story “7 Travel Stocks Set for Success as Lockdowns End” by Avi Salzman shows why, despite the recession, Americans are about to hit the road. Now is the time to find deals in the likes of Delta Air Lines, …read more […]

President Donald Trump’s increasingly heated feud with Twitter may be good for social media impressions, but may not be legally enforceable, according to experts. …read more […]

(Bloomberg) — Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest photovoltaic solar plant.The 100-megawatt Amin facility, built partly by Marubeni Corp., will supply electricity for PDO’s operations, the state-run company said Sunday in a statement. PDO targets producing 30% of its electricity from renewable resources by 2025, Mohamed Al Busaidi, who heads its renewables business, said by phone.Oman, like neighboring Saudi Arabia and the United Arab Emirates, is expanding into solar energy to diversify its domestic sources of electricity. The nation is the …read more […]

…read more […]

Beyond Meat (BYND) is partnering up with fast-food chains Kentucky Fried Chicken (KFC) and Pizza Hut to expand the reach of its famous plant-based beef in China.The news sent shares up 6.2% on Friday. According to social media site Weibo, the plant-based meat pioneer will be rolling out its products with KFC from June. The partnership with Pizza Hut is slated to start in the coming week. No further details were announced.“We’re proud to expand our partnership with KFC into China, one of their largest markets worldwide, as well as introduce a new partnership with Pizza Hut in China,” a …read more […]