Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations.
U.S. crude ended slightly higher on Tuesday, as U.S. Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient.
Last week, two of the most influential investors of this generation rattled the market with their pessimistic views of its outlook today.
Their opinions were not what most investors were hoping to hear…
Both gentlemen said that they were about as bearish on stocks as they have ever been.
Considering how respected these investors are, their dark view of the stock market got a lot of attention.
But the mainstream media missed some important details…
These Men Are Worth Listening To
Stan Druckenmiller and David Tepper are the two investors whose words rocked the market last week.
Druckenmiller is an absolute legend.
Over a 30-year period, his hedge …read more […]
The Las Vegas gaming industry will offer COVID-19 tests to employees before they return to work, the Culinary Union announced Tuesday, moving the hard-hit sector a step closer to reopening.
Investors will be paying close attention to quarterly results from home improvement chain Lowe’s and Target and the Federal Open Market Committee’s (FOMC) meeting minutes in a busy Wednesday. …read more […]
Stock futures opened lower Tuesday evening, adding to earlier losses that sent each of the Dow and S&P 500 off more than 1% by the closing bell. …read more […]
(Bloomberg) — Stocks in Asia looked poised to track their U.S. peers lower after reports circulated that Moderna Inc.’s vaccine study, which was credited in part for Monday’s rally, didn’t produce enough critical data to assess its success. Treasuries gained.Futures dropped in Japan, Hong Kong and Australia. Contracts on the S&P 500 dipped after the U.S. gauge lost ground in the final hour of trading to end about 1% lower. Riskier assets had started the week on the front foot after the Moderna news fueled hopes for a coronavirus vaccine, but investors are struggling to maintain the optimism as they …read more […]
The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.
Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, saying it was part of a broad reassessment of its consumer product portfolio prompted by the coronavirus pandemic.
Lockheed Martin said on Tuesday it will slow production of its stealthy F-35 fighter jets at its Texas facility, possibly delaying delivery of between 18 and 24 jets due to a parts shortage as the coronavirus hampers production across the jet’s vast supply chain.
Johnson and Johnson on Tuesday said it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada as part of a broad reassesment of its consumer product portfolio prompted by the COVID-19 pandemic.
Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors.
Data from a small, early-stage safety trial testing Moderna Inc’s experimental COVID-19 vaccine does not provide the critical data needed to assess its effectiveness, health-focused Stat News reported on Tuesday, citing experts.
Trends Expert Matthew Carr highlights 4 of the top Fourth Industrial Revolution ETFs to Watch.
It’s no secret that I’m a science fiction fan. I routinely quote sci-fi books and movies, as well as litter my articles and videos with references to them. But beyond that, a lot of my investment themes veer toward the future. I’m not talking about flying cars – not yet. Though they do finally exist. I’m talking about technology trends upsetting the current world’s apple cart. I’ve long believed that Klaus Schwab’s book The Fourth Industrial Revolution provides a viable road map for investors.
It may not …read more […]
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