OPIS Global Head of Energy Analysis Tom Kloza joins Yahoo Finance’s Seana Smith to break down the latest energy news, as crude oil falls into negative territory. …read more […]
U.S. crude futures plunged more than 85% on Monday to the lowest price on record as storage space for U.S. crude was filling up, discouraging buyers even as weak economic data from Germany and Japan cast doubt on when fuel consumption will recover.
U.S. stocks headed lower on Monday following a strong two-week rally as oil prices crashed, while investors turned cautious over what is expected to be a disappointing week for earnings and economic data.
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 a barrel, as few buyers are willing to take delivery of actual physical barrels of oil because there is no place to put the crude.
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its growth aspirations in Latin America and led the company to seek another $4.5 billion in government aid.
Many investors are feeling a bit gun-shy as the coronavirus crisis continues to cause gut-wrenching market volatility.
But, as Alexander Green explains today, one particular investment strategy both is super-safe and can offer mega returns.
Editor’s Note: Stuck at home with nothing to do but worry about market volatility and your portfolio? The good news is Alexander Green is here to answer the question “What the heck do I do with my money?”
He has teamed up once again with Bill O’Reilly to present a totally FREE webinar discussing The Smartest Investment Strategy of All Time. So, if you have time in your …read more […]
WTI Crude hit its lowest level since 1986 on Monday, as demand fears escalate amid the coronavirus outbreak. Stephen Schork, Editor of The Schork Report, joins Yahoo Finance’s Zack Guzman to break down the latest oil moves. …read more […]
A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities.
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 70% to less than $5 a barrel and opening the widest gap ever between it and the next contract with storage rapidly filling.
While oil-producing nations have agreed to cut output and major global oil companies are also trimming production, those cuts will not come quickly enough to avoid a massive clog in the next couple of weeks. Four weeks ago, the storage hub was half full – now it is 69% full, according to U.S. Energy Department data. …read more […]
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its growth aspirations in Latin America and led the company to seek another $4.5 billion in government aid.
Carrefour , Europe’s largest retailer, said on Monday it was halving its 2019 dividend to 0.23 euros per share and that CEO Alexandre Bompard would waive 25% of his fixed salary for a period of two months due to the coronavirus outbreak.
HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut programme on hold.
U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products.
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 50% to less than $8 a barrel and opening the widest gap ever between it and the next contract with storage rapidly filling.
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