German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on Thursday.
Nareit Senior Economist and Former Federal Reserve Economist Calvin Schnure joins Yahoo Finance’s Akiko Fujita to discuss the most recent jobless claims as another 2.123 million Americans file for unemployment benefits. …read more […]
More than 3,000 U.S. meatpacking workers have tested positive for COVID-19 and at least 44 workers have died, the country’s largest meatpacking union said on Thursday, reflecting an increasing toll on plant employees.
You would expect that the world’s most intelligent business experts would also be the most successful investors, but that’s not the case.
Today, Nicholas Vardy explains why a high IQ is not the key to success in investing and trading.
Throughout my investment career, I have studied many of the world’s leading traders and investors.
The majority of these folks were smart by most conventional measures.
But very few had the sky-high IQ of a mathematics professor like Renaissance Technologies founder Jim Simons.
Warren Buffett agrees that high intelligence is not necessary to be a world-class investor.
As Buffett put it…
Success in investing doesn’t correlate with …read more […]
General Electric expects to burn more cash than expected in the second quarter, as the industrial conglomerate struggles with weakness in its aviation business due to the coronavirus crisis, Chief Executive Officer Larry Culp said on Thursday.
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade deal with China despite concerns over Beijing’s handling of the coronavirus pandemic.
Gold has shown high volatility this year as traders try to react to the coronavirus crisis. The metal started the year sedately, but began to rise in February as the crisis spread out of China. As central banks inject money into the global economy via an unprecedented qualitative easing, and cut interest rates in an effort to restart economic activity, the mid- to long-term result will likely be steady increases inflation — a favorable environment for gold. As Stifel analyst Tyron Breytenbach notes in his recent report on precious metals, “Gold has traditionally outperformed during periods of high inflation as …read more […]
More than 3,000 U.S. meatpacking workers have tested positive for COVID-19 and at least 44 workers have died, the country’s largest meatpacking union said on Thursday, reflecting an increasing toll on plant employees.
Yahoo Finance’s Brian Cheung joins Zack Guzman to discuss the latest changes to the Paycheck Protection Program. …read more […]
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday. Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity. Glencore and Trafigura declined to comment. …read more […]
Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July.
Wall Street’s major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a coronavirus-driven economic slump.
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits topping 2 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung discuss. …read more […]
Germany’s biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other “errors”, saying management had damaged the carmaker’s reputation and put jobs at risk.
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