Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
L Brands will permanently close about 250 Victoria’s Secret and 50 Bath & Body Works stores. Most had been closed due to the coronavirus pandemic. …read more […]
Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Energy Transfer’s dividend safety.
Energy Transfer (NYSE: ET) is a favorite of income-seeking investors due to the stock’s strong distribution yield. (Energy Transfer is a master limited partnership, or MLP. MLPs pay distributions, not dividends.)
The company has 90,000 miles of pipelines and boasts that 30% of the United States’ oil and natural gas moves through those pipelines.
Now, thanks to the collapse in anything oil-related, the stock yields a whopping 15.7%. But can investors bank on continuing to receive the distribution?
Energy Transfer’s cash available for distribution (CAD), a measure of cash …read more […]
(Bloomberg) — Take-Two Interactive Software Inc. slipped in late trading after warning that the current boom in video-game play may fade after lockdowns end.“We do not have expectations for the increased engagement that we’ve seen of late through the back half of the year,” Chief Executive Officer Strauss Zelnick said in a phone interview Wednesday.So-called recurrent customer spending — the amount of money players spend after an initial game purchase — grew 47% in the fourth quarter ended March 31, driving blockbuster results. The company was expecting growth of about 10%.But shares of Take-Two fell as much as 5.9% in …read more […]
(Bloomberg) — Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.The new infrastructure initiative is expected to drive mainly …read more […]
Expedia Inc posted a bigger-than-expected quarterly loss and suspended quarterly dividends on Wednesday, as the COVID-19 pandemic decimated travel demand and hit bookings at the online agent.
Federal Reserve policymakers, still working to fully roll out a multi-trillion-dollar effort to shore up financial markets and an economy cratered by the coronavirus pandemic, last month dove into a new debate: how best to support the economy during a recovery they now agree could be slower and more fraught than initially thought.
Take-Two Interactive Software beat on both its top and bottom lines on its fourth-quarter earnings report released after hours on Wednesday. The software company announced that it was still seeing ‘heightened levels of engagement’ even though 2021 will see a lighter release of products. Yahoo Finance’s Jared Blikre breaks down the software company’s earnings report on The Final Round. …read more […]
The U.S. Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies that are listed on U.S. exchanges. …read more […]
Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker’s plan to restart North American production and begin making its most profitable vehicles again.
U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to blacklisted Chinese telecoms equipment maker Huawei Technologies Ltd, two U.S. officials said on Wednesday.
The three major averages on Wall St. notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve.
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc , owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would “raise serious competition issues” in many cities. In their letter, the lawmakers said the deal would give Uber and Grubhub 48 percent of the U.S. market, while Doordash would have 42 percent. A merged Uber Eats and Grubhub would have 79 percent of the market in New York, 68 percent in Boston, 65 percent in Miami, 60 percent in Chicago …read more […]
Renewable energy sources are rapidly replacing fossil fuels like coal and natural gas. But wind and solar can’t be used as baseload sources.
Both need some form of energy storage. Today, that is being handled by batteries.
Large lithium-ion batteries are seeing rapid deployment. Utilities and homeowners are installing them to solve their storage problems.
But now there’s another unique way to solve renewable energy’s storage problem: hydrogen gas.
Producing and Storing Hydrogen
At first, it might seem like renewable energy and hydrogen aren’t connected – but they are. Let me first show you how hydrogen is produced.
Hydrogen is one of the most abundant …read more […]
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