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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

(Bloomberg) — Occidental Petroleum Corp. will pay about $200 million in dividends on preferred shares to Warren Buffett’s Berkshire Hathaway Inc. in cash rather than common stock, a sign of the shale driller’s growing confidence in its ability to manage its debt load.The $2,000-per-share payout on Occidental’s series A cumulative perpetual preferred stock will be paid on Oct. 15, the company said in a filing on Monday.Occidental had been making the payments with stock since April to conserve cash as it sought to fend off crude’s worst price-collapse in a generation after borrowing massively to buy Anadarko Petroleum Corp. last …read more […]

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JPMorgan Pushes Back on Fear That All Markets Are ‘Japanizing’

(Bloomberg) — While the threat of Japanification hangs over some of the world’s biggest markets, there’s little chance of it happening in the U.S., according to analysis by JPMorgan Chase & Co.Unlike the U.K. and euro area, America is still far away from the chronic forces that have characterized Japanese markets during the past several decades, the New York-based bank said in a note dated Sept. 18. The catalysts are the ultra-loose monetary policies, yet they’re affecting some markets less than others.The Federal Reserve’s ability to complete a hiking cycle after the great financial crisis built conviction that the U.S. …read more […]

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TikTok influencer Bria Jones on potential of personal data breach, 'very convenient' timing of users attacking Trump's campaign and ban

Social media influencer Bria Jones joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the latest on TikTok, her decision to leave the corporate world to be an influencer full-time, the potential of Walmart partnering with the platform and much more. …read more […]

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Trump approves Oracle, Walmart deal for TikTok, here's why the ordeal isn't over yet

On Monday, President Trump reportedly said that he wants China’s ByteDance to give up complete control of TikTok. Andy Serwer, Editor in Chief for Yahoo Finance, joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest and much more. …read more […]

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Time to Bottom Fish? Top Analyst Offers 3 Stocks to Buy

September saw some serious market losses, from 5% in the Dow to 9.5% in the NASDAQ. In the wake of it, investors must decide what those losses mean, and how it will impact investment strategy going forward. And for that, investment bank Oppenheimer has some suggestions.The firm’s 5-star analyst Ittai Kidron has tagged three tech stocks in which he sees plenty of room for near- to mid-term growth. Kidron is an expert in the market’s technology sector, and is rated among the Street’s 25 best analysts, with a 72% success rate to his forecasts and a 34.5% average return on …read more […]

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The issue with the 2020 election is not the aftermath, it's the path to get there: JPM Head of Cross-Asset Strategy

Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the possible stock market outcomes for a Trump versus Biden Presidency with JP Morgan’s Head of Cross Asset Fundamental Strategy, John Normand. …read more […]