Year: 2020

The crash in crude prices could force some US oil drillers to go bankrupt, says one oil trader. …read more […]

China is now pushing a new narrative about the origin of COVID-19. And we already know that we can’t trust the country’s data on the pandemic’s spread.
Today, Nicholas Vardy dives into three reasons why Americans need to stop being naïve and start paying attention to China.

Last week’s cover story in The Economist – “Is China winning?” – contemplates whether the COVID-19 pandemic has made China stronger than ever.
A widespread Chinese propaganda campaign hails the country’s control of the COVID-19 virus as a geopolitical triumph.
Its message?
China brought the epidemic under control thanks to the superiority of Chinese-style socialism and its unique …read more […]

(Bloomberg) — Oil’s meltdown spread to the June contract as the price plummeted $10 in New York.West Texas Intermediate plunged below zero on Monday for the first time in history as May futures neared expiration, leaving traders in a panic as they tried to avoid taking delivery of physical barrels. On Tuesday, the losses spread to the following month’s contract — highlighting that a massive supply glut is driving the rout rather than a technical quirk.The Texas Railroad Commission opted to put off a decision on whether to impose oil-production quotas. The state’s main energy regulator said it would not …read more […]

Gold mining stocks might show some of the highest returns in 2020. The recent bear market has clawed most stocks down. And the bear might strike again, pushing stocks to new lows.
Yet, most gold stocks are on the rise. Gold miners’ profitability climbs with the price of gold, which is up about 30% over the last year. Some investors have hedged their portfolios with the stocks I’m about to cover.
Before jumping in, I need to add an important note. Investing in the mining industry isn’t for the faint of heart. There’s a lot of market volatility. And performance often follows …read more […]

Is anything about to stop Netflix’s (NFLX) mercurial ascent? The 2010s’ best performing stock has been on fire this year, delivering a market-stomping 35% to build a 189 billion market cap. Driven by global stay-at-home measures in the wake of the coronavirus pandemic, viewership has increased, and the stock has not only proved resilient, but flourished throughout the period.Investors and analysts will pay close attention to Netflix’s first-quarter earnings this evening, hoping to glean insights worthy of an investment thesis from the company’s financial data and management’s comments.Wedbush’s Michael Pachter’s estimates are roughly in-line with those of the Street, calling …read more […]

Earnings season is underway and investors are expecting Netflix to report its earnings after Tuesday’s market close. Yahoo Finance’s Jared Blikre discusses. …read more […]