Oil major BP PLC will not cut jobs over the next three months, Chief Executive Officer Bernard Looney said, even as the company seeks to reduce spending following an oil price crash.
Looney wrote in a LinkedIn post on Friday while there has been reduced demand for the industry’s products, the company’s response to the crisis “will not include making any BP staff redundant over the next 3 months.” World’s major oil companies, including BP, have said they would reduce spending following a plunge in crude prices due to the coronavirus pandemic and a price war between top producers Saudi Arabia and Russia. …read more […]
(Bloomberg) — With its 175-acre campus in Cupertino, California, and several dozen more offices across the rest of the world, Apple Inc. wasn’t designed as a work-at-home company. That all changed about three weeks ago in the coronavirus pandemic. Earlier in March, Apple shuttered many facets of its Apple Park and older Infinite Loop campuses as San Francisco Bay Area officials put in place stay-at-home orders. Later, the company told employees that specific approval is needed to gain access to an office, but identification badges remain functional. The shift from office culture to remote work has been challenging for the …read more […]
Tesla’s stock rally continued today as analysts debate the company’s long-term prospects. Several analysts have cut their price targets for the company as deliveries are expected to be lower than expected before the coronavirus pandemic hit. However, some have upgraded their position on Tesla Inc. (NASDAQ:TSLA) stock. Q4 2019 hedge fund letters, conferences and more […] …read more […]
When you ask any 90s kid which parts of their childhood they are most fond of, you may be surprised at one common factor they all share: watching cartoons on the weekends. ViacomCBS Inc (NASDAQ:VIAC), which owns Nickelodeon, a popular pay television channel which broadcasts many nostalgic children’s cartoons, is a high dividend yielding, low […] …read more […]
Yahoo Finance’s Jared Blikre breaks down today’s market action as investors fear a global coronavirus shutdown could last months. …read more […]
The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available.
JPMorgan Chase & Co’s alternative investments unit is seeking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, Bloomberg News reported on Monday.
Kohl’s Corp said on Monday it would extend the duration of store closure, and fully draw down on its $1 billion revolving credit facility to control damages from the coronavirus pandemic.
The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession.
Credit card issuer American Express Co will freeze hiring and avoid job cuts this year in response to the coronavirus pandemic, Bloomberg news reported on Monday, citing a video message to employees from Chief Executive Officer Steve Squeri.
Former IRS Commissioner & alliantgroup Vice Chairman Mark Everson joins Yahoo Finance’s On The Move panel to discuss how the coronavirus relief checks will be sent out to Americans. …read more […]
The markets will have to deal with the aftershocks of the coronavirus pandemic for years to come. …read more […]
Edelman Financial Engines Founder Ric Edelman joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss how leadership is responding to the coronavirus outbreak. …read more […]
Did we just enjoy the shortest bear market on record, or is it just getting started?
Today, Alexander Green discusses how wealth builders prepare and looks at what’s ahead.
A bear market is defined as a drop of 20% or more off the top. A bull market is defined as a gain of 20% or more off the bottom.
By those definitions, we have just endured the shortest bear market on record – just 11 days – and are now in a brand-new bull market.
Or are we?
Investors are happy that President Donald Trump declared a national emergency, Congress passed a multitrillion-dollar relief bill, …read more […]
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