Year: 2020

U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent. Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles. Trump has imposed tariffs on imported steel and aluminum to help boost U.S. production, which he says is a national security issue. …read more […]

(Bloomberg) — PG&E Corp. could be ordered by a federal judge to restrict bonuses and incentives for supervisors and other high-ranking employees until the company meets obligations under its wildfire-prevention plan.As PG&E struggles to prove it can operate safely after a series of devastating wildfires blamed on its equipment. U.S. District Judge William Alsup threatened in a filing Friday to tie incentive pay “exclusively” to meeting goals for fire mitigation and other safety issues. He directed the company to explain in writing by Feb. 12 why he shouldn’t issue such an order.The bankrupt utility disclosed this month that it had …read more […]

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy to commit wire fraud, while Paulette Carpoff, 46, pleaded guilty to money laundering and conspiracy to commit an offense against the United States. …read more […]

OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS on Friday. …read more […]

The 2020 World Economic Forum has officially wrapped up, but before it did Yahoo Finance’s Editor In Chief Andy Serwer sat down with the United States Secretary of Transportation, Elaine Chao. The two spoke about the importance of the annual event and supporting innovation. …read more […]

The stock market started 2020 like it ended 2019 – in rally mode. The gains took major averages to a series of new all-time highs.
The S&P 500 rose above 3,300, the Dow Jones Industrial Average surpassed 29,000 and the Nasdaq flew by 9,400.
Investors kept riding the winners of 2019. Tech stocks like Apple (Nasdaq: AAPL), Advanced Micro Devices Inc. (Nasdaq: AMD), Lam Research (Nasdaq: LRCX) and Nvidia (Nasdaq: NVDA) surged to start 2020. They have become “must-owns” for hedge funds and day traders.
Meanwhile, Tesla (Nasdaq: TSLA) continues to defy the skeptics while Virgin Galactic Holdings Inc. (NYSE: SPCE) has more …read more […]