Year: 2020

Bitcoin makes a return to $10,000, with the bulls eyeing $10,500 for the next breakout target. …read more […]

U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. Brouillette said he expects the two U.S. neighbors will offer opportunities to export coal in talks that could be facilitated by the new North American trade agreement, the United States-Mexico-Canada Agreement, or USMCA, that President Donald Trump signed last month. …read more […]

An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand, Algeria’s oil minister said in a statement. Mohamed Arkab, who currently holds the presidency of the Organization of the Petroleum Exporting Countries (OPEC), also said that the OPEC+ Joint Technical Committee, known as the JTC, has recommended that “an additional reduction in production be made until the end of the second quarter of 2020”. …read more […]

Energy markets are in turmoil, even as broader equities are moving on, and OPEC’s intention to cut more production has so far failed to move oil prices higher …read more […]

Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country’s economy minister told a weekly newspaper. “In my conversations with (Tesla CEO) Elon Musk I have always made clear that there are no privileges but also no discrimination,” Peter Altmaier told Welt am Sonntag in an interview. The German government has earmarked financial support for making electric car battery cells locally as a way to secure manufacturing jobs as tougher emissions rules threaten demand for older technologies, like diesel engines. …read more […]

After spending years anticipating retirement, you’ve decided to figure out how to retire in 10 years. All of your hard work and savings are about to pay off. However, you’re unsure of what steps you need to take with your … Continue reading ->The post How to Retire in 10 Years: A Step-by-Step Plan appeared first on SmartAsset Blog. …read more […]

The retail apocalypse has hollowed out malls across the U.S. And the downward trend has spurred a phenomenon, dubbed “ghost kitchens.” …read more […]

A 60-year-old American has died of the new coronavirus, the first confirmed non-Chinese death of the illness, U.S. officials said, as millions of Chinese began returning home after a Lunar New Year break that was extended to try to contain the outbreak. While the vast majority of cases have been in China, the virus has spread to some two dozen countries abroad, including five British nationals infected in a French mountain resort. The American man died on Thursday in Wuhan, epicentre of the virus outbreak in the central Chinese province of Hubei, a U.S. embassy spokesman said in …read more […]

This weekend’s Barron’s cover story reveals the third annual ranking of America’s most sustainable companies. Other featured articles explain why oil stocks may have hit bottom and offer a look at how … …read more […]

The bull market in equities will turn 11 years old in early March – and many investors believe it is getting long in the tooth, including me.
All business cycles eventually end, regardless of the efforts of the Federal Reserve or the president.
Generally, when a business cycle ends, a recession ensues – although in some cases the Fed has been able to engineer a “soft landing” and avoid recession.
But even when the Fed has been able to do this, the stock market enters a “correction” phase – at least a 10% decline.
When this happens, bonds have historically had their own way …read more […]

Public health experts carried out inspections at Foxconn’s factories in the southern city of Shenzhen and told the company that its factories had a “high risk of coronavirus infection.” …read more […]

Tesla Inc (NASDAQ: TSLA) shares have been on fire in recent weeks, sparking a heated debate between Tesla bulls and bears as to whether the stock is a compelling long-term value or a mania-driven bubble. Colas compared Tesla’s current numbers to a GM financial report from 1932. At that point, GM had been around for 24 years, eight years longer than Tesla is today. …read more […]

(Bloomberg) — The lesson for investors backing higher Treasury yields this week was clear: A good growth story is no match for the virus-related fears gripping the market.It will be tough for the U.S. economy to serve up numbers much stronger in the coming days than what investors just saw. Yields did climb more than 15 basis points from the week’s lows on surprisingly healthy manufacturing and services data, but the move had lost stamina by the time of Friday’s robust payrolls report. The world’s borrowing benchmark rate is stuck around 1.6% and probably tilted lower barring assurances from health …read more […]