Month: July 2020

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(Bloomberg) — Oil edged down in Asia ahead of a meeting of top producers this week, which could outline plans to begin scaling back the historic output cuts that helped to stabilize prices.Futures in New York slipped 1%, after gaining 2.4% on Friday. OPEC+ will review the state of the market at an online meeting of its minister-level monitoring committee on July 15, amid expectations it will soon begin unwinding output curbs. Russia’s top oil companies are preparing to increase production next month in the absence of other guidance from the Energy Ministry, according to two people from the industry …read more […]

(Bloomberg) — Asian stocks were set to gain on Monday as investors looked to the start of earnings season for further clues on how companies are faring with the pandemic.Futures rose in Japan, Australia and Hong Kong, while U.S. contracts pushed higher. Currency markets saw muted moves in early trading and oil retreated. Banks — which kick off the U.S. reporting season this week — led the S&P 500 to gains on Friday. Treasuries reversed a rise that saw the five-year yield hit a record low.With global equities trading near their highest since February, investors are waiting to hear what …read more […]

Stock futures opened higher Sunday evening as investors mostly shrugged off a relentless climb in coronavirus cases in some regions in the US, and looked ahead to the start of corporate earnings season. …read more […]

Noelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto. …read more […]

The discount comes months after Tesla cut the prices for its Models 3, X, and S. This report produced by Zachary Goelman. …read more […]

(Bloomberg) — Tesla Inc. needs to succeed in China if it wants to dominate the world of electric cars—especially in a post-virus world. To do that, Elon Musk is turning to a battery engineer who once helped Apple Inc. extend the life of its MacBook laptops.Zeng Yuqun, 52, built Contemporary Amperex Technology Co. Ltd. into China’s battery champion in less than a decade, creating the largest global producer of rechargeable cells for the plug-in vehicles considered to be the future of cars. That effort has helped propel Zeng from a modest hillside village and $30-a-month job with a state-run company …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson and Jason Riley. Image: Jacqueline Nell/Disneyland Resort via Getty Images …read more […]

Market participants are bracing for the start of what will likely be the weakest corporate earnings season since the global financial crisis, as the coronavirus pandemic and measures to contain it hit business activity especially hard in the second quarter. …read more […]

Disney World reopened two main theme parks in Florida this weekend at a significantly reduced capacity, with social distancing and mandatory mask-wearing rules in place. Photo: Cory Knowlton/Zuma Press …read more […]

Journal Editorial Report: A liberal letter defending free speech gets a leftwing backlash. Image: Rob Stothard/Getty Images …read more […]

Journal Editorial Report: From Trump’s taxes to religious liberties. Image: Craig Hudson/Bloomberg News …read more […]

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […] …read more […]