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OPEC+ presses for compliance with oil cuts, Saudi says it's no 'act of charity'

September 17, 2020 admin Comments Off on OPEC+ presses for compliance with oil cuts, Saudi says it's no 'act of charity'

OPEC and its allies, led by Russia, pressed for better compliance with oil output cuts on Thursday against the backdrop of falling crude prices as uncertainty reigns over the global economic outlook. The group, known as OPEC+, warned that rising COVID-19 cases in some countries could curb energy demand despite initial indications of a decline in oil stocks, according to a copy of a report by the group’s technical panel seen by Reuters on Thursday. The panel of major producers, including Saudi Arabia and Russia, is unlikely to recommend any changes to their current output reduction target of …read more […]

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Altria Group (MO) Stock Is Remarkably Cheap; Buying Opportunity For Income Investors

September 17, 2020 admin Comments Off on Altria Group (MO) Stock Is Remarkably Cheap; Buying Opportunity For Income Investors

Altria Group (NYSE: MO) is a cheap stock at the current price with an 8% dividend yield and JUUL, IQOS and On! will be more meaningful to the company’s stock in the next five years, according to a bullish thesis by Charioteer Investing. Analyzing the company’s 2020 second-quarter financial report, the investor highlighted some interesting developments. The first […] …read more […]

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Want to Retire at 50? It’s Possible. Here’s How

September 17, 2020 admin Comments Off on Want to Retire at 50? It’s Possible. Here’s How

Do you think it’s possible to retire at 50? Most people dismiss it as a dream—something that’s possible, but not probable. You might be surprised to learn that it’s more realistic than you think to retire by 50. In fact, if you’re in your 20s or even your early 30s, it’s downright probable. You just need to point yourself at the right trajectory for success.
If you want to retire a full decade earlier than most people, you need to achieve financial freedom. Here’s a look at what, exactly, that means and the steps you need to take to retire …read more […]

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Westfield’s Owner Is Feeding the Banks Again

September 17, 2020 admin Comments Off on Westfield’s Owner Is Feeding the Banks Again

(Bloomberg Opinion) — Unibail-Rodamco-Westfield has a history of shrugging off crises. A decade ago, Europe’s No. 1 operator of top-tier shopping malls and offices doled out cash to shareholders even as banks collapsed and austerity ruled. The rise of online shopping only pushed it further to keep buying trophies like Westfield. That halo of invincibility has well and truly slipped after Covid-19.The group’s market value has shriveled to 5.1 billion euros ($6 billion) from 27 billion euros in 2018 after a global round of coronavirus-induced lockdowns robbed malls of shoppers and tenants of sales. Even now that its sites have …read more […]

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Moderna would seek limited emergency use of COVID-19 vaccine based on early data

September 17, 2020 admin Comments Off on Moderna would seek limited emergency use of COVID-19 vaccine based on early data

If Moderna Inc’s COVID-19 vaccine proves to be at least 70 percent effective, the company plans to seek emergency authorization for its use in high-risk groups, the company’s chief executive told Reuters. Moderna’s vaccine candidate – mRNA-1273 – is nearing the finish line in its push to enroll 30,000 individuals in a late-stage trial of a novel coronavirus vaccine. An independent safety board will take a first look at Moderna’s data as soon as a total of 53 people in the trial become infected with COVID-19. …read more […]

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U.S. plans for hundreds of millions of cheap, fast COVID-19 tests

September 17, 2020 admin Comments Off on U.S. plans for hundreds of millions of cheap, fast COVID-19 tests

Manufacturing and government sources tell Reuters that more than half a dozen so-called antigen tests will likely be authorized by the end of October. U.S. regulators in recent months have authorized antigen tests from Abbott Laboratories, Becton Dickinson & Co, Quidel Corp and LumiraDX. When planned production of the newly authorized tests are combined with previously approved diagnostics, overall monthly U.S. testing capacity will exceed 200 million per month by year end, these sources said. …read more […]