Year: 2020

We are now into 2020’s final quarter and signs the aviation industry’s miserable year might be on the cusp of a turnaround are few and far between. On Tuesday, A&D giant Boeing (BA) reduced its long-term forecast for commercial jet demand. Specifically, Boeing cut its demand expectations by 11% from 2019’s forecast, estimating that over the next decade, it will now deliver 18,350 commercial airplanes.The latest news adds to an ever-expanding list of setbacks this year. 2020 has witnessed cancelations on the deliveries of its commercial aircrafts, woeful earnings, reports of 787 Dreamliner manufacturing issues and a damning verdict by …read more […]

(Bloomberg) — Citigroup Inc. will pay a $400 million U.S. penalty and must seek the government’s sign-off for major acquisitions after regulators chided the bank for several persistent problems with its risk controls.Citigroup was fined by the Office of the Comptroller of the Currency for what the agency called an ongoing “failure to establish effective risk management and data governance programs and internal controls,” according to a Wednesday statement. The OCC also demanded that Citigroup seek its approval before “significant new acquisitions” and reserved the right to require changes in senior management if the company doesn’t act quickly to address …read more […]

On Tuesday, Apple (AAPL) sent out invitations for an October 13 event named “Hi, Speed,” keeping the happening’s content under wraps. However, it is not hard to deduce from its name that Apple is alluding to the performance expected from its flagship product – the next gen iPhone 12, Apple’s first handset to boast 5G capabilities – and will therefore announce the product’s launch at the event.Reading between the lines, Deutsche Bank analyst Jeriel Ong arrives at the same conclusion. Although the analyst adds it “remains somewhat speculative when exactly iPhones will be available for sale after this event,” …read more […]

Hedging…
Literally every homeowner hedges.
Every auto driver hedges.
But when it comes to the markets, few traders hedge at all.
And even fewer traders hedge correctly.
Today, I outline exactly how to properly hedge – and how it can save you thousands upon thousands in possible damages.
Check it out below…

P.S. Our strategies make The War Room something unique and profitable. We’ve handed members an insane 76.95% win rate since we launched! Over that time frame, we’ve had a 10% average gain with an average holding period of just over seven days. And this year alone, on average, we’re hitting almost two winning trades every …read more […]

Patients are asking to join clinical trials of antibody-based COVID-19 drugs after U.S. President Donald Trump was treated last week with an experimental therapy from Regeneron Pharmaceuticals Inc, and on Wednesday he promised to make it free to Americans while touting its benefits. Trump was discharged from the hospital late on Monday, just a few days after being diagnosed with COVID-19 that caused enough lung inflammation for blood oxygen levels to fall. According to his doctor, blood tests on Monday detected infection-fighting antibodies, which a Regeneron spokesperson said were probably from the treatment. …read more […]

(Bloomberg) — President Donald Trump credited Regeneron Pharmaceutical Inc.’s experimental monoclonal antibody treatment with his apparent recovery from the coronavirus, and announced Wednesday his intention to authorize emergency use of the therapeutic and provide it free to Americans.“I want everybody to be given the same treatment as your president, because I feel great,” Trump said in a video posted on Twitter Wednesday evening. “To me it wasn’t therapeutic, it just made me better, O.K.?” he said. “I call that a cure.”Trump added that he believed his brush with the virus was “a blessing from God” because it gave him first-hand …read more […]

Stock futures traded slightly higher as the overnight session kicked off, after the three major indices closed at their highest levels in more than one month earlier in the day. …read more […]

The market’s main indexes are climbing back above key points, after posting losses in September. The S&P 500 has climbed back above 3,400, the Dow Jones is back above 28,000, and the NASDAQ is over 11,300. Since the indexes hit bottom on September 23, trading has been volatile- but trending upwards.By appearances, the market has corrected itself, and looks to be returning to the bullish tendency it showed through the summer. The September jobs report showed that the economy continues to recover, albeit at a slowing pace, from the coronavirus-inspired downturn of the spring. President Trump’s COVID diagnosis threw investors …read more […]

Chevron Corp employees worldwide are being asked to reapply for positions as part of a cost-cutting program expected to eliminate up to 15% of its workforce, people familiar with the matter said. Employees who are not chosen for jobs should know within weeks, Chief Executive Michael Wirth said in an interview on Monday. Workers not chosen for new assignments would lose their jobs. …read more […]

Josh Wein, Hennessy Gas Utility Fund, joins The Final Round to discuss why he’s bullish on the market and why the utilities sector remains the most attractive for long-term investors. …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at NGL Energy Partners’ dividend safety.
It’s been a tough go lately for stocks in the energy sector.
Energy stocks in the S&P 500 have been sliced in half this year. Others, like NGL Energy Partners (NYSE: NGL), have fared even worse. It’s down 64% year to date.
Tulsa, Oklahoma-based NGL is a master limited partnership (MLP) that transports oil and natural gas liquids through its pipelines.
Earlier this year, it slashed its quarterly distribution (MLPs pay distributions, not dividends) from $0.39 to $0.20 per unit (partnerships have units, not shares). But because the …read more […]

DUBLIN, Oct. 7, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) will announce its third–quarter 2020 financial results on November 5, 2020 after the market closes and members of its senior management team will host a conference call and webcast on November 6, 2020 at 7:30am EST. …read more […]

TORONTO, Oct. 7, 2020 /CNW/ – Denison Mines Corp. …read more […]

The coronavirus vaccine race has two likely winners that have surged ahead in a crowded field, according to an SVB Leerink analyst.Pfizer, Moderna In The Lead: It now appears that Moderna Inc (NASDAQ: MRNA) and Pfizer Inc. (NYSE: PFE), along with its German partner BioNTech SE – ADR (NASDAQ: BNTX), have a two month or more advantage over their nearest rivals among coronavirus vaccine developers, SVB Leerink analyst Geoffrey Porges said in a Wednesday note.The conviction comes after Dr. Larry Corey, head of the COVID-19 Prevention Network, shared the development timeline and progress of COVID-19 vaccines developed under the …read more […]

On Wednesday, Costco reported September revenue of $16.84 billion, up 16.9% from the same month a year ago, while same-store sales rose 15.5%. Jared Blikre breaks down the details on The Final Round. …read more […]