Year: 2020

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Trading Ideas

Exclusive: Occidental offering voluntary job buyouts, citing need for spending cuts – document

May 13, 2020 admin Comments Off on Exclusive: Occidental offering voluntary job buyouts, citing need for spending cuts – document

Occidental bet heavily on the continued growth in U.S. shale oil, taking on heavy debts for its controversial purchase of Anadarko Petroleum last year for $38 billion. Energy companies worldwide, including Exxon Mobil Corp and Royal Dutch Shell PLC, have slashed capital expenditures and oil output to reckon with the pandemic. Houston-based Occidental last week posted a $2 billion quarterly loss and has slashed capital spending drastically to shore up its balance sheet. …read more […]

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Trading Ideas

The Greatest Moneymaking Machine in Wall Street History

May 13, 2020 admin Comments Off on The Greatest Moneymaking Machine in Wall Street History

The greatest investor in history isn’t who you would expect. So what led to his incredible, market-beating success?
As Nicholas Vardy explains, it wasn’t a reliance on fundamentals. It was computing power and quantitative investment strategies.

The post The Greatest Moneymaking Machine in Wall Street History appeared first on Investment U. …read more […]

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Trading Ideas

Musk, Texas governor talk about potential Tesla move to Lone Star state

May 13, 2020 admin Comments Off on Musk, Texas governor talk about potential Tesla move to Lone Star state

Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc, in recent days about a potential move of the company’s electric vehicle assembly plant to the Lone Star state. Abbott’s remarks came just came three days after Musk threatened to move Tesla’s headquarters and future operations to either Texas or Nevada, after officials in the California county where Tesla’s only U.S. vehicle factory is located said the plant could not reopen because coronavirus lockdown measures remained in place. …read more […]

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Trading Ideas

Musk, Texas governor talk about potential Tesla move to Lone Star state

May 13, 2020 admin Comments Off on Musk, Texas governor talk about potential Tesla move to Lone Star state

Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc , in recent days about a potential move of the company’s electric vehicle assembly plant to the Lone Star state. Abbott’s remarks came just came three days after Musk threatened to move Tesla’s headquarters and future operations to either Texas or Nevada, after officials in the California county where Tesla’s only U.S. vehicle factory is located said the plant could not reopen because coronavirus lockdown measures remained in place. Abbott said during an interview with the Wichita Falls CBS …read more […]

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Business News

Occidental offering voluntary job buyouts as it cites need for spending cuts: document

May 13, 2020 admin Comments Off on Occidental offering voluntary job buyouts as it cites need for spending cuts: document

Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for “severe dislocations” in its business.

…read more […]

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Trading Ideas

Don’t Count Out Allegiant Air’s Septuagenarian CEO in This Crisis

May 13, 2020 admin Comments Off on Don’t Count Out Allegiant Air’s Septuagenarian CEO in This Crisis

On recent earnings calls, Allegiant Air CEO Maury Gallagher almost seemed bored. Over more than two decades, he built one of the world’s most successful ultra-low-cost carriers, but by 2019, Allegiant had nearly run out of obvious markets to make the profit margins investors had come to expect. Between August 2015, and January 2020, Allegiant’s […] …read more […]