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What to expect in Tesla's first-quarter earnings report

April 29, 2020 admin Comments Off on What to expect in Tesla's first-quarter earnings report

Tesla is set to report first-quarter earnings results Wednesday after market close, giving investors a look at the automaker’s financial performance in the three-month period that included the start of Tesla’s Fremont factory closure and weakened auto demand for consumers at large as the coronavirus outbreak spread. …read more […]

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Tyson Foods Helped Create the Meat Crisis It Warns Against

April 29, 2020 admin Comments Off on Tyson Foods Helped Create the Meat Crisis It Warns Against

(Bloomberg) — John Tyson, the billionaire whose family business reigns as the largest meat processor in the U.S., took out ads in national newspapers to complain about a “breaking” food supply chain.No one would argue that supplies aren’t an issue right now. Even Donald Trump is invoking the Defense Production Act to secure meat production. But the roots of this problem go back to decades of consolidation that Tyson’s own company helped lead. Tyson Foods Inc. and its top two rivals — JBS SA and Cargill Inc. — control today about two-thirds of America’s beef, and the large bulk of …read more […]

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5 Stocks That Will Rebound After Coronavirus Lockdown Ends

April 29, 2020 admin Comments Off on 5 Stocks That Will Rebound After Coronavirus Lockdown Ends

It may be difficult to begin thinking about stocks that will rebound after coronavirus fears die down. However, this deadly virus will pass and our society will regain its strength. The American people are resilient, and so are many of the nation’s businesses.
Most companies are taking harder hits than ever before due to the coronavirus. Revenue is down across the board and growth is at a standstill. Yet, businesses that position themselves properly will have the best chance to capitalize on the market once the pandemic is over.

Best Stocks That Will Rebound After Coronavirus Fears Settle
The reopening of the country …read more […]

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Luckin Coffee delays annual filing amid accounting probes

April 29, 2020 admin Comments Off on Luckin Coffee delays annual filing amid accounting probes

China’s top market regulator and securities watchdog are scrutinizing the company’s books, after Luckin said an internal investigation had shown its chief operating officer and other employees fabricated sales deals worth about 2.2 billion yuan ($310.77 million). Earlier on Wednesday, the Wall Street Journal reported the U.S. Securities and Exchange Commission was also investigating Luckin. The company , a rival to Starbucks Corp in China, also said it had limited access to its office buildings in the country due to the coronavirus pandemic, adding to the delay of it 2019 annual report, which was due on April …read more […]

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Oil Surges Amid Signs of Output Cuts, Broader Equities Rally

April 29, 2020 admin Comments Off on Oil Surges Amid Signs of Output Cuts, Broader Equities Rally

(Bloomberg) — Oil surged as major producers continued to signal output cuts to counter the unprecedented global glut and as the stock market rose on hopes for a drug to fight the coronavirus.Futures rose by as much as 29% in New York to over $15. Russian oil companies will cut output by about 19% from February levels, the nation’s Energy Minister, Alexander Novak told the Interfax news agency. Nigeria, which has been struggling to sell its oil even at $10 a barrel, will ship the lowest volume of its key Qua Iboe crude grade since 2016 in May and June.“You …read more […]