Articles by admin

(Bloomberg) — America’s shale drillers have never faced an oil bust quite like this.The split between Russia and its one-time OPEC allies last week has ignited an all-out price war, leaving oil markets defenseless against the unprecedented demand shock brought on by the coronavirus. Crude plunged by the most since the 1990s on Monday, with West Texas Intermediate falling to less than $28 a barrel, a level at which vast swathes of the U.S. shale patch become unprofitable. Many U.S. producers were down more than 30% in pre-market trading Monday.It’s a disaster for U.S. frackers including Chesapeake Energy Corp. and …read more […]

Mar.09 — Ana Harris, global head of equity portfolio strategies at State Street Global Advisors, examines lessons from past market shocks for investors hit by the current market sell-off. She speaks with Bloomberg’s Anna Edwards on “Bloomberg Markets: European Open.” …read more […]

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(Bloomberg) — What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets.Panic selling, margin calls, vanishing liquidity and coronavirus work-from-home arrangements were just some of the challenges traders faced as risk assets plunged, currency volatility soared and money flooded into government bonds. They also had to figure out how an oil-price war and rapidly spreading outbreak will affect the global economy, companies and geopolitics.“The day has been absolutely chaotic,” said Eugene Kang, whose team trades assets including Russian government bonds at NH Investment & Securities Co. …read more […]

Plug Power Inc. (NASDAQ:PLUG) last week reported its latest yearly results, which makes it a good time for investors… …read more […]

Readers hoping to buy The Williams Companies, Inc. (NYSE:WMB) for its dividend will need to make their move shortly… …read more […]

(Bloomberg) — Volatility traders haven’t been this spooked since the financial crisis, according to a key gauge of fear on Wall Street.As the oil-price plunge frazzled traders on edge over the coronavirus, the generic front-month futures contract for the CBOE Volatility Index surged as high as 51.3 on Monday morning in London. That’s the highest level since 2009.A jump of more than 10 points from Friday would be the biggest single-day move for the contract since Feb. 5, 2018. On that day, one of the most violent jumps ever in implied volatility helped spur a stock rout and the death …read more […]