Year: 2020

A U.S. judge canceled a key permit Wednesday for the Keystone XL oil pipeline that’s expected to stretch from Canada to Nebraska, another setback for the disputed project that got underway less than two weeks ago following years of delays. Judge Brian Morris said the U.S. Army Corps of Engineers failed to adequately consider effects on endangered species such as pallid sturgeon, a massive, dinosaur-like fish that lives in rivers the pipeline would cross. Pipeline sponsor TC Energy will need the permit for future construction across hundreds of rivers and streams along Keystone’s 1,200-mile (1,930-kilometer) route. …read more […]

(Bloomberg) — The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.On Sunday, producer nations pledged to limit output by an unprecedented 10% of global supply. While there’s skepticism the cuts will prove deep enough — demand has plunged by far more — a more pressing issue is one of timing: the real market, the one that underpins headline prices, has a huge glut and the output curbs won’t even begin until May. Before then, it’s pump at will so the curbs won’t really affect …read more […]

Already sanctioned by the SEC on a fraud charge, Elon Musk and Tesla fight a civil suit on his buyout claim. …read more […]

(Bloomberg) — GoPro Inc. said it will cut more than 200 jobs, shift the company’s sales operation to market its digital adventure cameras directly to consumers and withdraw its 2020 financial guidance in response to the Covid-19 pandemic.The operational changes, staff reductions of more than 20% and cuts to office space will save $100 million in 2020, and reduce expenses next year to $250 million, the San Mateo, California-based company said Wednesday in a statement. GoPro said its shift to direct sales will mean a stronger focus on its website. The company said it still will use retail outlets for …read more […]

Stock futures opened slightly lower Wednesday evening after a batch of historically weak economic data revealed the extent of the coronavirus’ damage on the domestic economy. …read more […]

What’s the next panic-buy sector?
Well, according to Doug McMillon, the CEO of Walmart, it’s hair products.
How on earth can you play that?
Luckily for you, I reveal that below – in this special Wednesday continuation of Trade Talk Tuesdays!
Check it out by clicking the link below…

For full instructions on how to play picks like this, join me in The War Room!
The post Walmart CEO Reveals Next Panic-Buy Sector appeared first on Investment U. …read more […]

Stocks fell Wednesday after new economic data showed U.S. retail sales and manufacturing output each declined by massive margins in March amid the coronavirus pandemic. …read more […]

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