Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant’s reach in autonomous-vehicle technology, the Wall Street Journal reported https://on.wsj.com/36wXJUV on Tuesday.
Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.
(Bloomberg) — Oil slipped from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions.Futures fell 1.1% in New York after closing above $34 a barrel for the first time since March. Moscow is determined to scale back curbs in line with the OPEC+ agreement, according to people familiar with the matter, but a spokesman for President Vladimir Putin said that Russia would analyze the market before making a decision. Meanwhile, U.S.-China relations are back in the spotlight as …read more […]
Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to pressure.
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]
U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year.
Click here to read the full article. HBO Max, WarnerMedia’s shiny new vessel into the streaming wars, is set to launch on Wednesday, May 27.It’s regularly priced at $14.99 monthly, the same as the existing HBO Now service, but with much more: HBO Max includes everything on HBO plus hundreds of additional titles, including the complete runs of “Friends” and “The Big Bang Theory”; more than 2,000 movies; and Max Originals “Love Life,” “On the Record,” “Legendary,” “Craftopia,” “Looney Tunes” and “The Not Too Late Show with Elmo.”So how will you be able to access to HBO Max?First off, it’s …read more […]
Twelve to 18 months from now, we could be looking back at American banks as the no-brainer buying opportunity of this crisis.
Most importantly, banks are strong financially – so they’re able to handle the loan write-offs that the current downturn will create.
But also, by one measure, the financial sector is the cheapest it has ever been relative to the overall market.
The chart below tells the tale of two exchange-traded funds (ETFs)…
This chart measures the ratio of the price of the financial sector, represented by the Financial Select Sector SPDR ETF (NYSE: XLF), divided by the entire S&P 500, represented by …read more […]
It started with toilet paper, Clorox and eHealth…
Then it moved into work-from-home winners like Zoom, Peloton and Slack…
But now, as we move into summer, traders are looking for the next group of winners in the post-COVID-19 world.
That’s what I will reveal to you today…
Check out my top pick below – and why you need to own it before this Thursday!
For full instructions on how to play picks like this, join me in The War Room!
The post Own This Stock Before This Thursday appeared first on Investment U. …read more […]
Mexico’s auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation’s rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. The latest came Tuesday, when the Guaidó-appointed board of Citgo, the U.S. subsidiary of Venezuela’s state oil company, filed a lawsuit in federal court in Houston against a former contractor seeking to recover millions of dollars in damages. The lawsuit accuses José Manuel González and his Miami-based Petroleum Logistics Service Corp. of providing gifts including cash, jewelry, private artwork, chartered flights and even a handpicked Houston apartment to …read more […]
A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme.
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
The Franco-Japanese automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors is banking on a new recovery plan, set to be announced later on Wednesday, to salvage profitability.
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