Articles by admin

Crude inventories rose by 1.4 million barrels in the week to June 19 to 540.7 million barrels, the EIA said. Crude inventories also hit another record high on the Gulf Coast, where the bulk of the nation’s refining capacity is located. U.S. crude futures dropped 3.8%, or $1.54, to $38.83 a barrel by 10:48 a.m. ET (1448 GMT), while Brent was down 3.9%, or $1.67, at $40.96 a barrel. …read more […]

Value Investor Insight is an investment newsletter created by money manager Whitney Tilson and John Heins. Value Investor Insight aims to deliver the highest-quality investment ideas, analysis, and insight to the just-starting-out investor and sophisticated investors. At the core of Value Investor Insight is the philosophy of the true value investor: buy something only for […] …read more […]

(Bloomberg) — Tencent Holdings Ltd.’s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China’s richest people.The country’s largest game developer has surpassed Alibaba Group Holding Ltd. as Asia’s most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.The rallies have propelled the wealth of their founders, with an added twist: Tencent’s Pony Ma, worth $50 billion, has surpassed Jack Ma’s $48 billion fortune, becoming China’s richest person. And Colin Huang …read more […]

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Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the upward trend of confirmed cases of COVID-19 in the United States and how contact tracing can help to stop the spread with NYU School of Global Public Health associate professor of epidemiology Danielle Ompad, PhD. …read more […]

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The agreements would involve the development of new utility-scale solar installations in several counties, the lender said in a statement. Wells Fargo has been meeting all its annual global electricity requirements with renewable energy since 2017 and is now working to set up longer-term contracts and increase power generation from on-site renewable sources. …read more […]

Shares in Dell Technologies (DELL) spiked 14% in pre-market trading on a report that the PC maker is mulling a spinoff of its roughly $50 billion stake in cloud computing software maker VMware Inc. (VMW)The stock surged to $55.90 in pre-market trading. Meanwhile, VMware shares rose 8.8% to $162.39.Dell is exploring the possibility of divesting the stake or taking other steps that could include buying the rest of the cloud-software giant, the Wall Street Journal reported. The companies are working with outside advisers on a number of scenarios.However, the report also stated that the evaluation deliberations are at an early …read more […]

The U.S. National Highway Traffic Safety Administration (NHTSA) said Tuesday it had opened an investigation into 63,000 Tesla Model S cars after reports of media control unit failures that led to loss of the use of a touchscreen. The complaints said the media control unit failures allegedly fails prematurely due to memory wear-out. NHTSA said Tesla used the same unit in 159,000 2012-2018 Model S and 2016-2018 Model X vehicles built by Tesla through early-2018. …read more […]

The billionaire CEO of Berkshire Hathaway has shared this money advice for COVID-19. …read more […]

(Bloomberg) — Wirecard AG won a short reprieve from the lenders on its 1.75 billion euros ($2 billion) revolving credit facility after banks decided to assess the embattled company’s long-term viability before telling it to repay the loan.Advisory firm FTI Consulting is monitoring Wirecard’s compliance with the loan terms as lenders sift through documents and speak with stakeholders including Visa Inc. and Mastercard Inc. to decide how best they can secure the highest repayment, people familiar with the matter said. A standstill agreement is only expected to last a short period before lenders make a final decision, the people said, …read more […]

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The Big Con continues…
If you’re looking to get rich, pay attention.
If you’re looking to preserve the union, hold your nose.
And if you’re looking for a good story that proves how insane things have become …read more […]

Top news and what to watch in the markets on Wednesday, June 24, 2020. …read more […]