Year: 2020

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(Bloomberg) — President Donald Trump ramped up his threats to impose oil import tariffs as renewed diplomatic tension between Saudi Arabia and Russia threatens efforts to reach a new deal to cut output.Trump said Saturday at a White House press briefing he’d use tariffs if needed to protect the domestic oil industry, a day after meeting with U.S. industry leaders. A gathering of OPEC and other major producers scheduled for Monday was delayed until later in the week as Saudi Arabia and Russia traded barbs about who’s to blame for the collapse in crude prices.Optimism over prospects for a deal …read more […]

President Trump warned on Saturday that the coming days will be some of the worst for the coronavirus outbreak. Modeling shows New York, Detroit and New Orleans will hit the peak of their outbreaks in the next week. Photo: Bryan Smith/Zuma Press …read more […]

Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there. Our analysis says our patience and accumulation of physical metals will soon pay off in a big way. …read more […]

President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers from the oil price crash. “If I have to do tariffs on oil coming from outside or if I have to do something to protect our … tens of thousands of energy workers and our great companies that produce all these jobs, I’ll do whatever I have to do,” Trump told reporters in a briefing about the coronavirus outbreak. Oil prices have crashed as the pandemic crushes demand and as Russia and …read more […]

Here are six tips for landing the lowest rate that will save you the most money. …read more […]

Like when the gate agent announced a formal boarding process only to remember that Barria was the sole passenger who would board, or when the pilot approached his seat to personally explain a delay in take-off due to a mechanical issue, rather than speak over the PA system. The two flight attendants invited Barria to sit in a first-class seat and went through the safety demonstration for Barria alone. Nearly vacant flights have become the norm for U.S. airlines, despite a drastic reduction in the number of planes they put in the air each day as passenger traffic …read more […]

Becky Quick said on CNBC’s “Options Action” that Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) sold some of its position in Delta Air Lines, Inc. (NYSE: DAL) and Southwest Airlines Co (NYSE: LUV).Berkshire’s stake in these companies was above 10% and it had to report any change within a few days, she said. Berkshire sold 12.9 million shares of Delta and it now owns 9.2% of the company. It sold 2.3 million shares of Southwest and it now owns 9.9%.Berkshire’s stake is these names is now below 10%, so we won’t know what it is doing with its position going forward, …read more […]

Insider buying can be an encouraging signal for potential investors.A number of insiders made return trips to the buy windows last week.Resort and railroad operators were among those seeing insider buying.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to take advantage of fallen share prices last week. The following are some of the most noteworthy insider purchases reported in the …read more […]

This weekend’s Barron’s examines the health of both the advertising industry and the internet.Other featured articles offer retail and biotech picks for after the pandemic, as well as relatively safe dividend aristocrats.Also, the prospects for a top telecom, the iPhone maker and more.”Google and Facebook Can’t Save the Advertising Industry This Time” by Eric J. Savitz points out that the advertising world is in crisis and there won’t be an industry bright spot like there was in 2008. See what that could mean for Facebook, Inc. (NASDAQ: FB) and many others.Savitz’s “Why You Don’t Have to Worry About the Internet’s …read more […]

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce and software giants.Bearish calls included airlines and the leading electric vehicle maker.The main U.S. indexes closed out last week lower again, led by the more than 2% retreat by the Dow Jones industrial, as the effects of the coronavirus pandemic continued to spread. The March jobs report was worse than expected and new jobless claims shattered records again. Crude oil prices hit a multiyear low but tried to recover later in the week. And investors are already bracing for big bank reports …read more […]