Trading Ideas
Year: 2020
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Business News
Chevron CEO Wirth says no plans to leave Venezuela: CNBC
Chevron Corp has no plans to wind down all operations or exit Venezuela, Chief Executive Officer Mike Wirth told CNBC, days after the Trump administration barred the U.S. oil major from drilling or transporting oil in the South American nation.
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Exxon posts quarterly loss on $3 billion writedown
Exxon Mobil Corp joined a parade of oil companies posting downbeat results as it posted a first-quarter loss after a nearly $3 billion inventory writedown on plunging oil demand and low prices. Oil giants have largely reported losses because of weaker margins and writedowns from an oil glut that has has sent prices to historic lows. Exxon said profit fell in every business apart from chemicals, which benefited from low oil and gas prices. …read more […]
Business News
3M sues five vendors for attempting to sell nonexistent N95 respirators
Industrial conglomerate 3M Co said on Friday it sued five vendors for allegedly attempting to target government officials with fraudulent offers to sell billions of nonexistent N95 respirators.
Business News
Special Report: How a corporate PR machine is trying to kill a Wall Street tax
As Democratic presidential hopefuls descended on New Hampshire prior to the state’s Feb. 11 primary, John Tackeff was busy.
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What is an Angel Investor? What to Know About Business Angels
Angel investors sound like mythical creatures. But they’re more common than we think. And they can be the difference between success and failure for startup companies.
In this article, we’ll answer the question, what is an angel investor? Also, how they can help and what they look for in an investment. Let’s get started…
What is an Angel Investor?
Some people believe the term angel investor comes from Broadway. When producers needed funding, they might turn to the wealthy folk in uptown. To this day, angel investors look for opportunities in theatre.
But angel investing doesn’t only apply to Broadway. Now, business angel is …read more […]
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Estee Lauder quarterly profit beats on online boost
Cosmetics companies dealing with the fallout from the closure of department stores, airport duty free shops and beauty parlours due to COVID-19 led lockdowns have been ramping up their online business. Estee Lauder too has been tapping in on its massive online presence and saw a double-digit rise in global online sales as more consumers flocked to websites. …read more […]
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Chevron cuts 2020 spending plans again as quarterly revenue declines
Earnings at Chevron were $3.6 billion in the quarter, up 38% from $2.6 billion during the same period last year and boosted by $1.6 billion in asset sales in the Philippines and Azerbaijan. Total revenue and other income fell more than 10% to $31.50 billion in the quarter. …read more […]
Business News
World stocks fall further after Trump’s China tariff threat
World stocks pulled back further on Friday on grim U.S. economic data and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis.
Business News
For small business loan program, forgiveness may be the hardest part
The U.S. government’s $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans.
Business News
Wall Street Week Ahead: Stocks face test as reopenings could fuel demand – or more coronavirus
A bounce in stocks is likely to face a test in the coming weeks as investors try to gauge whether countries and U.S. states emerging from lockdowns can arrest a sharp fall in economic growth without provoking a resurgence of coronavirus cases.
Business News
Futures slide as Trump threatens new tariffs on China
U.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future.
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For small business loan program, forgiveness may be the hardest part
The U.S. government’s $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. The second round of the Small Business Administration’s Paycheck Protection Program launched on Monday, allowing lenders to issue forgivable, government-guaranteed loans to small businesses shuttered by the novel coronavirus outbreak. Smoothing the forgiveness process is critical for the program to succeed, but a lack of government guidance on the related calculations and necessary documentation could land borrowers and banks alike with billions in unexpected debts. …read more […]
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