If you own Apple Inc. (NASDAQ:AAPL) stock, or you’ve been following it, then you probably already know that the company has been buying back large quantities of its own shares for years. Indeed, the number of shares of Apple Inc. stock outstanding has been declining steadily since 2013. You very likely understand that when fewer […] …read more […]
Under Armour reported a 23% decline in sales in the first quarter. BMO Managing Director Simeon Siegel weighs in on the company’s earnings report and how retail is faring amid the coronavirus pandemic. …read more […]
(Bloomberg) — Oil’s rally lost steam even after Saudi Arabia said it would slice production by an extra million barrels a day in June as doubts surfaced over whether the producer will fulfill its pledge.Futures in New York and London erased morning gains that followed Saudi Arabia saying it will pump 7.492 million barrels a day next month, about a million barrels below its official OPEC+ output target. That would be the lowest level since mid-2002, according to data compiled by Bloomberg.“While Saudi is undoubtedly the market’s swing supplier, delivering such a volume turnaround in the space of only a …read more […]
General Mills announced that it expects to exceed its previously provided full-year sales growth expectations. Yahoo Finance’s Heidi Chung breaks down the details.
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The coronavirus epidemic, and the economic and society lockdowns put in place to combat it, have body-slammed the financial world; the S&P 500 is still down 13% even after a 5 week rally, while oil prices are stuck in a doldrums, with Brent trading at just $30 and WTI at $25. Corporate earnings season has been grim, and some 120 S&P companies have rescinded their 2020 guidance while others have canceled dividend payments or stock buybacks.So, investors are confused; they aren’t seeing the usual signals that indicate what the market may do, and opinions are deeply divided on whether we’ll …read more […]
During the 2020’s Berkshire Hathaway annual shareholders meeting, Bill Murray had a question about health care workers for Warren Buffett. …read more […]
During the coronavirus crisis, big-name executives have come back to day-to-day operations to lead, consolidating control and rolling up their sleeves. Here’s how to explain this phenomenon. …read more […]
St. Louis Fed President James Bullard joins Yahoo Finance’s Alexis Christofourous, Brian Sozzi and Brian Cheung to discuss why he believes negative interest rates are not a clear remedy for the coronavirus-induced economic crisis in the United States, despite market bets on below-zero rates next year. …read more […]
On May 2nd at Berkshire Hathaway’s annual shareholder meeting (also known as Woodstock for Capitalists), in rather dramatic fashion, Warren Buffett announced publicly that Berkshire had unloaded its entire positions of airline stocks. It amounted to a roughly $4 billion fire sale of the leading domestic players – United Airlines, American Airlines, Delta Airlines, and Southwest Airlines.As you know, Mr. Buffett isn’t known for making rash or snap decisions on his holdings. It’s been widely known that his favorite holding period is forever. In Buffett’s mind, this about-face boiled down to a belief that the world had quickly changed for …read more […]
(Bloomberg) — Saudi Arabia announced an extra voluntary oil-production cut of 1 million barrels a day, bringing output to its lowest in 18 years as the kingdom tries to prop up a nascent recovery in energy markets.Oil prices, which were down on the day, immediately turned around, with West Texas Intermediate futures jumping as much as 3.4%.Riyadh aims to pump just under 7.5 million barrels a day in June, compared with an official target under the most recent OPEC+ agreement of just under 8.5 million a day. If Saudi Arabia makes good on its pledge, its production will drop to …read more […]
Celebrations may be in order for Ovintiv Inc. (TSE:OVV) shareholders, with the analysts delivering a significant… …read more […]
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