Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and dent fuel demand.
The world’s biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.
(Bloomberg) — The U.S. Supreme Court upheld a crucial permit for Dominion Energy Inc.’s planned $8 billion Atlantic Coast Pipeline, saying the Forest Service acted lawfully by clearing the natural-gas line to cross under the Appalachian Trail.The 7-2 ruling eliminates the biggest obstacle to the 600-mile (965-kilometer) pipeline, which would carry as much as 1.5 billion cubic feet of gas per day from the Marcellus shale basin in West Virginia to customers in North Carolina and Virginia.Dominion pared earlier losses and was trading up .26% at $83.42 at 11:40 a.m. in New York. EQM Midstream Partners LP, which will also …read more […]
(Bloomberg) — The Trump administration is launching what could turn out to be the biggest attack in a century against the giants of America’s meat industry, which already faced uproar over employee treatment during the pandemic.The Justice Department is bringing criminal charges in the poultry industry just as it opens a formal probe of beef companies. Regulators are also scrutinizing potential price manipulation, and on Capitol Hill, lawmakers are clamoring for a crackdown.The threat from Washington is casting further spotlight on the industry after coronavirus outbreaks saw thousands of workers get sick, forcing plants to shutter. President Donald Trump in …read more […]
The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic.
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
After weeks of euphoric buying, volatility has made its way back to Wall Street. COVID-19 continues to take a heavy toll on the stock market, with a slew of new infections in the U.S. and China sending the stock market on a downward spiral. However, some stocks are holding up better than others. Small-caps have been charging forward, with the Russell 2000 outpacing the broader market since hitting a low point on March 23. Bearing this in mind, we used the TipRanks database to locate three small-cap companies that combine that positive niche position with a low cost of …read more […]
General Electric Co on Monday tapped the planemaking head of Brazil’s Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.
Broward Education Foundation unveils “#2020gradsecret” with history-making AR technology that includes a special message from NBA legend Dwyane Wade FORT LAUDERDALE, Fla, June 15, 2020 – Broward Education Foundation teamed up with ImagineAR Inc. (CSE: […]
The London Stock Exchange will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe.
Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for Amazon who wrote to lawmakers.
French couture house Givenchy, owned by luxury goods giant LVMH and known for once dressing Hollywood stars such as Audrey Hepburn, said on Monday it had named Matthew Williams as its new creative director.
From Baltimore – Lately I’ve been thinking about animal spirits.
That’s the phrase political economist John Maynard Keynes coined to describe the human urge to take positive action, even if the decision to do so isn’t fully rooted in logic or mathematical probabilities.
It’s particularly appropriate right now, and every investor needs to consider it closely.
Why?
Well, as of this week, we are officially in a recession.
The National Bureau of Economic Research (NBER), which officially dates economic expansions and contractions, has declared that U.S. economic activity peaked in February. That peak marks the end of the recent economic expansion – at 128 months, …read more […]
Manufacturing activity in New York State stabilized unexpectedly in June after three months of broad weakness brought on by coronavirus-related business shutdowns, and companies’ six-month outlook shot to a decade high, the New York Federal Reserve said on Monday.
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