Optimal Capital Director of Strategy Frances Newton Stacy joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the markets are reacting to the coronavirus outbreak. …read more […]
To the annoyance of some shareholders, Valero Energy (NYSE:VLO) shares are down a considerable 33% in the last month… …read more […]
BP PLC (BP) will not cut jobs in the next three months even as the oil magnate is planning to implement a $2.5 billion cost-reduction plan by 2021 to combat the crude price plunge fueled by the coronavirus pandemic.“This may be the most brutal environment for oil and gas businesses in decades, but I am confident that we will come through it,” BP Chief Executive Officer Bernard Looney, said in a statement. “We also entered this environment in great shape with good operating momentum and financial discipline, strong liquidity and extensive optionality in our portfolio. We remain committed to growing …read more […]
The most recent quarter marked the worst first quarter on record for both the S&P 500 and the Dow Jones. For investors in search of a bright spot, investing firm Morgan Stanley sees plenty of compelling opportunities being presented as a result of the market’s COVID-19-driven sell-off. Morgan Stanley’s chief U.S. equity strategist Mike Wilson stated, “We like these prices a lot.” He added, “We’ve been scaling back into stocks over the last two, three or four weeks…We think this is probably the best risk-reward we’ve seen for investors in two years.”Heeding Wilson’s advice, we used TipRanks’ database to take …read more […]
To the annoyance of some shareholders, Trade Desk (NASDAQ:TTD) shares are down a considerable 33% in the last month… …read more […]
Oil and gas producers have been scrambling to restructure their debt as the economic fallout of the coronavirus pandemic and an oil price war between Russia and Saudi Arabia have led to a 50% drop in crude prices since the beginning of March. …read more […]
U.S. private payrolls dropped in March for the first time since 2017, likely as businesses shut down in compliance with strict measures by authorities to contain the coronavirus pandemic, supporting economists’ views that the longest employment boom in history ended last month.
The European Commision proposed a short-time work scheme on Wednesday modelled on Germany’s Kurzarbeit programme to help people keep their jobs as the coronavirus pandemic hits economies across the 27-nation bloc.
U.S. stock index futures sank on Wednesday, as stark predictions of a rise in the U.S. death toll and worsening economic damage from the coronavirus pandemic led investors to ditch equities for safe-haven assets.
U.S and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper “than water” was hurting the industry.
The German government stands ready to take over airline Condor after an agreement by Polish carrier LOT to acquire the carrier is likely to collapse, several people familiar with the matter told Reuters.
The market ‘looks the most like the crash of 1929,’ he says. …read more […]
One thing we could say about the analysts on Royal Caribbean Cruises Ltd. (NYSE:RCL) – they aren’t optimistic, having… …read more […]
Anyone researching JetBlue Airways Corporation (NASDAQ:JBLU) might want to consider the historical volatility of the… …read more […]
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