Will Amazon open distribution centers at Simon malls? Simon Property Group is in talks to convert empty Sears and J.C. Penney stores, reports say. …read more […]
(Bloomberg) — Oil clawed back lost ground in Asia after Saudi Arabia’s state-controlled producer said it expects energy demand to improve. Futures in New York rose as much as 1.2%, after declining 1.7% on Friday. Saudi Aramco reported a 73% drop in second-quarter profit after crude prices collapsed amid the global pandemic. Oil consumption in Asia, Aramco’s largest regional market, has almost returned to pre-coronavirus levels and the company’s performance and demand for energy will probably improve over the rest of the year as nations ease coronavirus lockdowns, according to Chief Executive Officer Amin Nasser said. U.S. crude fell in …read more […]
Aug.09 — President Donald Trump said the crowd at his Bedminster, NJ resort was a “peaceful protest.” A reporter had asked why “dozens” of people in the room were not wearing masks. Trump spoke on Friday. …read more […]
Stock futures were little changed lower Sunday evening, pointing to a muted start to the week. …read more […]
Aug.09 — Democrats and Republicans have no new talks scheduled on the next stimulus bill. They are trillions of dollars apart on overall spending and on key issues, including on aid to state and local governments and the amount of supplementary unemployment benefits. House Speaker Nancy Pelosi and Senator Chuck Schumer spoke to reporters on Friday. …read more […]
Aug.09 — President Donald Trump signed an executive order that provides an extra $400 a week in jobless benefits — down from $600 weekly that had been provided through last week, authorized by a Congressional stimulus bill in March — and that states would be responsible for covering 25% of that cost. He spoke on Saturday in New Jersey. …read more […]
Aug.09 — President Donald Trump says Democrats want to ban voter ID in all states making it easier for voting to be fraudulent. He spoke in New Jersey on Saturday. …read more […]
This week, investors will turn their attention to another set of corporate earnings results, though the number of reports per day will slow from the heavy pace of the past couple weeks. Economic releases will include two sets of US inflation reports, along with the Commerce Department’s July print on advance retail sales. …read more […]
(Bloomberg) — Mall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.The discussions started before the coronavirus pandemic, with the two companies exploring the idea of buying out occupied space from the retailers in some cases.Amazon has also been in talks with multiple mall landlords about putting its coming grocery-store chain in J.C. Penney locations, a person familiar with the matter told Dow …read more […]
The two companies have explored converting retail space formerly occupied by J.C. Penney Co Inc and Sears Holdings Corp into Amazon distribution centers, while in some cases, Simon and Amazon explored buying out occupied space from the retailers, the report said, citing sources. Simon’s discussions with Amazon have been under way for months and began before the coronavirus pandemic, according to the report. …read more […]
Chainlink’s link token has surged past bitcoin, becoming the most traded cryptocurrency of the past 24 hours on Coinbase Pro. …read more […]
WINNIPEG, Manitoba/BEIJING (Reuters) – Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police detained a Huawei Technologies executive in late 2018 on a United States warrant. The dispute however, has not spoiled China’s appetite for canola, which is mainly processed into vegetable oil. …read more […]
(Bloomberg) — Warren Buffett is betting on brighter prospects for his Berkshire Hathaway Inc.Berkshire spent a record $5.1 billion buying back its own stock in the second quarter, and may have kept that higher pace going in July. The billionaire investor sought to seize on a bigger discount to the S&P 500 during a quarter when the conglomerate’s operating businesses held up better than expected.Buffett said in early May that he was keeping cash high to be prepared for any direction the pandemic might turn and wasn’t overly attracted to buybacks. But as he searched for undervalued assets to spend …read more […]
Guyana has become a hotspot in the oil industry in the past decade, but the COVID crisis and a new political regime could dim the spotlight for the rising star …read more […]
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