Articles by admin

Stocks sank Wednesday, with the S&P 500 and Dow selling off by more than 3% at session lows as rising numbers of Covid-19 infections in some regions spooked investors. …read more […]

It may be hard to believe, but there’s a big crude oil shortage coming.
And it’s going to drag on your portfolio if you own anything related to the oil and gas sector.
Some of you may think I’ve lost it. But hear me out…
Your portfolio could be about to take a big hit as oil tanks. The current crude surplus and the upcoming shortage will take down even more oil and gas companies.
So keep reading to see why oil and gas stocks are done for.
States Backpedal Upon Reopening
As states have reopened, folks have started to congregate in large crowds again. And …read more […]

An investigation into 63,000 Tesla (TSLA) Model S cars has been opened by the U.S. National Highway Traffic Safety Administration (NHTSA) following complaints about failures of the media-control unit that cause loss of touchscreen features.Shares dropped 3.8% to $963.34 in early afternoon trading on Wednesday.The NHTSA said that it has received 11 complaints alleging failures of the touchscreen media control unit (MCU) due to memory wear-out in 2013 through 2015 Tesla Model S vehicles. The complaints have been filed over the past 13 months in vehicles that have been in use from 3.9 years to 6.3 years.Total failure of the …read more […]

Many commonly accepted “facts” about building wealth are – in actuality – fallacies.
Today, Mark Ford explains why intelligent investors should ignore these myths and adopt a variety of strategies.

Wednesday Wealth Recap:

Last week, Nicholas Vardy unveiled his new video series, Swing Trading: Nick’s Picks, with a brand-new swing trade recommendation. Make you sure you subscribe on YouTube so you don’t miss any of Nicholas’ recommendations!
As more and more investors pile into the market, one important aspect to consider is risk. This week, Chief Income Strategist Marc Lichtenfeld shared some key tips to make sure you’re investing safely.
Alexander Green‘s recommendations have fared …read more […]

(Bloomberg) — Bayer AG agreed to spend billions to settle thousands of U.S. lawsuits, taking its biggest step so far in resolving headaches the German chemical giant inherited with its 2018 acquisition of Monsanto Co.Agreements were reached on about 95,000 claims filed over Roundup, part of a Bayer plan to spend as much as $10.9 billion to settle all litigation linked to the popular herbicide, the Leverkusen-based company said Wednesday. The company also said it will pay as much as $820 million to settle toxic chemical pollution claims and a $400 million payment for those affected by its dicamba herbicide.Taken …read more […]

Apple is leaving behind Intel to produce its own processors for its Mac line of computers. And the move should pay off handsomely. …read more […]

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The retail sector in America continues to fall apart. …read more […]

(Bloomberg) — American Airlines Group Inc. increased its junk bond offering to at least $2 billion from $1.5 billion and canceled a leveraged loan sale, according to people familiar with the matter.The secured five-year junk bond is being marketed with a coupon of 11.5% to 11.75% and a discounted price of 99 cents on the dollar, which comes to an all-in yield of 11.76% to 12.01%, according to the people, who asked not to be identified because the deal is private. Early pricing discussions on the deal had been in the 12% area.The sales process closes at 2:15 p.m. in …read more […]

Gold prices are surging again. Here is how one gold insider is handling the situation. …read more […]

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Having pulled ahead in the race to develop a software-based vehicle operating system, U.S. electric car pioneer Tesla faces a new challenge from an alliance of German luxury carmaker Daimler and U.S. computer graphics specialist Nvidia. Daimler and Nvidia unveiled a deal on Tuesday to develop and equip the German company’s Mercedes-Benz cars with a next-generation chip and software platform that could eventually be used to help vehicles drive by themselves. The move is a response to Tesla’s ability to integrate custom designed chips with thousands of lines of code, which has allowed the Silicon Valley-based company to …read more […]

The Boston-based Institute for Clinical and Economic Review (ICER), however, suggested a lower price range of around $2,520 to $2,800, if steroid dexamethasone were to be cleared for use in COVID-19. What Gilead could charge for remdesivir after its pledged donations are used up has been a topic of intense debate as millions of infections crop up across the country. …read more […]

The Federal Aviation Administration (FAA) on Wednesday finalized a directive requiring airlines to complete inspections of a key component of Boeing 737 MAX airplanes that, if faulty, could result in a loss of power to the engines. The FAA, in response to a service bulletin issued by Boeing in December, proposed an airworthiness directive in February to mandate inspections. The directive addressed concerns that some 737 MAX exterior panels on top of the engine may not have electrical bonding necessary to ensure adequate shielding of underlying wiring from the electromagnetic effects of high-power radio frequency transmitters and …read more […]

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