Year: 2020

(Bloomberg) — As Bernard Looney took to the stage in London in February to announce his plan to transform BP Plc for a low-carbon future, the U.K. capital confirmed its first case of Covid-19.The oil giant’s chief executive officer couldn’t have known how the virus would shake the foundations of his industry: since the start of the pandemic, BP has said it will write off as much as $17.5 billion of fossil-fuel assets, slash 10,000 jobs and exit the petrochemicals business. And on Tuesday, it may announce the first dividend cut since the Macondo oil-spill disaster a decade ago.But despite …read more […]

Recent large discoveries in the Guyana-Suriname basin have somewhat compensated poor results for shale giant Apache …read more […]

Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his employment contract nor made public. One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions. The decision to grant Continenza options was never formalized or …read more […]

* Insider buying can be an encouraging signal for potential investors during periods of uncertainty. * The executive chair of an energy infrastructure firm has returned to the buy window. * None of the featured stocks saw a gain in the past week.Conventional wisdom says that insiders and 10% owners buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market …read more […]

* This weekend’s Barron’s cover story examines special purpose acquisition companies, the new hot thing on Wall Street. * Other featured articles look at how to play rising gold prices or China’s comeback, and how not to get burned by thematic ETFs. * Also, the prospects for car dealer stocks, the breakup of big tech, office REITs and more.Cover story “SPACs Are the New Hot Thing on Wall Street. What You Need to Know” by Nicholas Jasinski explains that blank-check companies give investors an opportunity to ride along with dealmakers looking to bring new businesses public, …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week’s bullish calls included tech giants and a top biotech. * An aerospace giant and the electric vehicle leader were among the week’s bearish calls.This past week was a busy one, leaving investors much to ponder as the month of July concluded. After congressional testimony from big tech chiefs, followed by big tech earnings, and after a mixed view from the Federal Reserve, corporate surprises and shakeups and a historically bad gross domestic product report, the Nasdaq and the S&P …read more […]

I was 7 years old when I rode my first roller coaster at Disney World.
I remember waiting in line for Space Mountain, anxious to prove to my older brother that I had the chops to handle it.
As soon as I sat down and we started moving…
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I proceeded to cry the entire ride.
(To this day, I’m grateful that the ride had single-file seating, otherwise my brother would still mock me.)
But when it was all over, there was a sense of relief followed by a rush of adrenaline…
After all, I didn’t die.
That same day, I rode Space Mountain another three times …read more […]

The Japanese conglomerate is currently negotiating terms with Nvidia after receiving an approach last month, the report said, citing an unidentified source familiar with the matter, adding that it is possible that SoftBank would take stake in Nvidia after it bought Arm. The report did not mention how much stake the company will retain in Arm. …read more […]

A lender that’s offering 30-year loans at 2.5% now has an ultra-low 15-year mortgage. …read more […]

Developers advise exchanges to pause ETC deposits and withdrawals. …read more […]

A cocktail of economic uncertainty, pandemic fears and lack of other good safe haven assets have caused gold to rally to near all-time highs on Friday …read more […]

After the Financial Crisis, for-profit schools prospered across America at the expense of victims saddled with thousands of dollars in debt, employees abandoned or implicated, and the government swindled out of taxpayer money. …read more […]

Eastman Kodak (KODK) stock has tripled today alone after the company said it received a loan from the government to produce ingredients for drugs used to battle the coronavirus. This week, Kodak stock has climbed than 2,000%, carrying its valuation to almost $2 billion following the news about the government loan. However, after today’s initial […] …read more […]

Bitcoin miners earned $300 in revenue during July. …read more […]

Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin. …read more […]