Jun.07 — China has issued an alert, warning its citizens not to travel to Australia in the latest sign of deteriorating relations. Bloomberg’s Selina Wang reports on “Bloomberg Daybreak: Asia.” …read more […]
Jun.07 — Colin Powell says he cannot support President Donald Trump. The former Secretary of State says he will vote for Democrat Joe Biden. Ros Krasny reports on “Bloomberg Daybreak: Australia.” …read more […]
Jun.07 — New York Governor Andrew Cuomo talks about the protests in the state, the need for criminal justice reform, and the coronavirus outbreak. He speaks at his daily press briefing. (Excerpts) (Corrects spelling of Floyd’s name in headline.) …read more […]
Jun.07 — New York Mayor Bill de Blasio talks about the protests in the city and his decision to end the curfew. He speaks at his daily press briefing. (Excerpts) …read more […]
(Bloomberg) — Oil advanced toward $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged.Brent futures added 1.4% after posting a sixth weekly increase on Friday, the longest run of gains since May 2018. The extension is a victory for Saudi Arabia and Russia, which were deadlocked in a brutal price war just two months ago. The de-facto leaders of OPEC+ showed their commitment to shore up oil markets globally over the weekend, and even cajoled Iraq, Nigeria …read more […]
The coronavirus pandemic may cause banks to face eroding profits on a grand scale, and tougher rules on calculating future losses aren’t helping. …read more […]
An unexpectedly strong May jobs report fueled a stock rally that briefly sent the Nasdaq Composite above its February 19 record high during Friday’s session. …read more […]
(Bloomberg) — The Chinese behemoth that makes electric-car batteries for Tesla Inc. and Volkswagen AG developed a power pack that lasts more than a million miles — an industry landmark and a potential boon for automakers trying to sway drivers to their EV models.Contemporary Amperex Technology Co. Ltd. is ready to produce a battery that lasts 16 years and 2 million kilometers (1.24 million miles), Chairman Zeng Yuqun said in an interview at company headquarters in Ningde, southeastern China. Warranties on batteries currently used in electric cars cover about 150,000 miles or eight years, according to BloombergNEF.Extending that lifespan is …read more […]
IPOs are back in full swing after the biggest week for public listings year-to-date in this coronavirus era. …read more […]
The Federal Open Market Committee’s two-day meeting will be the highlight in an otherwise quiet week. …read more […]
The U.S. faced one of its toughest weeks in recent history, with racial tensions manifesting in the form of nationwide protests, and the cannabis industry was not exempt. Dispensaries across the country were looted, and many companies decided to close their retail operations until further notice.”It’s been a difficult week for our country and unfortunately for a lot of dispensaries that were looted in the wake of protests. While property can be repaired, the wounds of inequality will take much longer to fix,” said Debra Borchardt, CEO of Green Market Report. “Despite the costs of the damage most of the …read more […]
(Bloomberg) — Saudi Arabia made some of the biggest price increases for crude exports in at least two decades, doubling down on its strategy to bolster the oil market after OPEC+ producers extended historic output cuts.The steepest jump will hit July exports to Asia, state producer Saudi Aramco’s largest regional market, according to a pricing list seen by Bloomberg. Overall, the increases for Saudi crude erase almost all of the discounts the kingdom made during its brief price war with Russia.The sharp price increases show that Saudi Arabia is using all the tools at its disposal to turn around the …read more […]
* Insider buying can be an encouraging signal for potential investors. * Some insiders took advantage of a secondary offering last week. * Two chief executives also have stepped up to the buy window.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. The following are some of the …read more […]
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