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Tesla delivers 88,400 vehicles in Q1, rising over last year
Tesla reported first quarter 2020 delivery results. …read more […]
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Business News
Oil posts biggest one-day gains after Trump touts Saudi-Russia oil deal
Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.
Business News
Wall Street gains on oil surge, but off early highs
U.S. stocks rose on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut oil output drove gains, helping to offset the shocking jump in Americans filing for jobless claims due to coronavirus-led lockdowns.
Business News
As millions lose jobs, Fed policymakers say recession is here
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection’s spread.
Business News
Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, details unclear
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how the cut would work were unclear.
Business News
U.S. Air Force recommends paying Boeing up to $924 million: sources
The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, according to a memo seen by Reuters and a source familiar with the situation.
Business News
Coronavirus punishes Warren Buffett’s equity holdings
The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett’s equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for one of the largest quarterly losses ever by an American company.
Trading Ideas
Shuffled Not Shaken Out: How Hotel Giants Will Handle All Those Brands Post-Coronavirus
Coronavirus travel fears have temporarily shuttered many hotels around the world. But when those doors reopen, the trend of rampant hotel brand expansion seen in recent years may take on a different look. With the rise of alternative accommodation competitors like Airbnb, hotel companies began to add brands that appealed to different price points as […] …read more […]
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U.S. Air Force recommends paying Boeing up to $924 million: sources
The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, according to a memo seen by Reuters and a source familiar with the situation. The recommendation, which was sent to Air Force contracting officials, is aimed at maintaining the financial health of suppliers to the Department of Defense, and will free up funding for numerous contractors, not just Boeing. Boeing’s financial situation has become increasingly precarious as economic fallout from the coronavirus has frozen key lending markets and …read more […]
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Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called for emergency talks, and Moscow has said it no longer plans to hike production in a battle for market share. One thing, however, has become clear: as oil prices in the past three months made some of their biggest gyrations in history, taking action will prove a severe, if not impossible, test for OPEC+, the informal grouping that had propped up crude prices for three years until their agreement collapsed in March. …read more […]
Trading Ideas
Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called for emergency talks, and Moscow has said it no longer plans to hike production in a battle for market share. One thing, however, has become clear: as oil prices in the past three months made some of their biggest gyrations in history, taking action will prove a severe, if not impossible, test for OPEC+, the informal grouping that had propped up crude prices for three years until their agreement collapsed in March. …read more […]
Trading Ideas
Coronavirus pandemic to trigger 'another selling wave' in the stock market soon: expert
Is it time to fade this short-term rally in the markets? Yes, this pro tells Yahoo Finance in large part because of the unpredictable nature of the coronavirus. …read more […]
Business News
Ford to build face shields at Brazil and Argentina car plants
Ford Motor Co said on Thursday it will make 50,000 face shields at factories in Brazil and Argentina to donate in the fight against the coronavirus pandemic.
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Lawmakers call on airlines to refund customers as coronavirus cancellations rise
Lawmakers are calling for airlines to refund customers for coronavirus-related cancellations. Atmosphere Research Travel Industry Analyst and President Henry Harteveldt joins Yahoo Finance’s Zack Guzman to discuss. …read more […]
Business News
Walgreens shares fall as coronavirus pandemic hits store sales
Shares of Walgreens Boots Alliance Inc fell 6% on Thursday after the drugstore retailer reported a steep decline in U.S. same-store sales in the last week of March as customers stayed indoors due to the coronavirus outbreak.