We’re definitely into long term investing, but some companies are simply bad investments over any time frame. We don’t… …read more […]
(Bloomberg) — Out with the Tuscan kale and acai berries, in with the Spam and popcorn.In a stark reversal, American shoppers who were taking up healthier eating are gravitating back to old ways as they hunker down to weather the coronavirus pandemic. They are loading up on shelf-stable items from canned meat and soup to pretzels and Kraft Macaroni & Cheese as they comply with orders to stay home.The shift back from healthier fare toward traditional staples may boost the fortunes of packaged food companies, which have been struggling with lagging sales as consumers opted for fresher alternatives.General Mills Inc., …read more […]
Unfortunately for some shareholders, the Spirit AeroSystems Holdings (NYSE:SPR) share price has dived 71% in the last… …read more […]
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) investors will be delighted, with the company turning in some strong numbers… …read more […]
The bank approached the Fed about a temporary or permanent lifting of the $1.95 trillion asset cap, which has curbed its growth and profitability since it was imposed in 2018, the FT said https://www.ft.com/content/af0c45a8-6afa-11ea-800d-da70cff6e4d3 on Saturday, citing people familiar with the matter. Removing the cap has been a priority for Chief Executive Charles Scharf and the issue has become acute as the Fed tries to encourage banks to extend credit to customers facing income shortfalls, FT said. …read more […]
Readers hoping to buy Medtronic plc (NYSE:MDT) for its dividend will need to make their move shortly, as the stock is… …read more […]
Tesla, Louis Vuitton and other companies are re-directing their resources for COVID-19 relief measures. …read more […]
Those following along with FedEx Corporation (NYSE:FDX) will no doubt be intrigued by the recent purchase of shares by… …read more […]
One of the biggest stories of last week was how Darden Restaurants, Inc. (NYSE:DRI) shares plunged 40% in the week… …read more […]
Chimera Investment Corporation (NYSE:CIM) shareholders (or potential shareholders) will be happy to see that the… …read more […]
Unfortunately for some shareholders, the Albemarle (NYSE:ALB) share price has dived 43% in the last thirty days… …read more […]
(Bloomberg) — Italy’s escalating coronavirus battle helped mark the onset of a global stock market collapse that erased $20 trillion in four weeks. Now, its campaign against the pandemic is being scrutinized for clues on how much further this once-in-a-generation crash will go.While market players are being bombarded with support measures from central banks and the global stimulus pledge is $3 trillion and growing, the number that traders are playing close attention to is the Italian infection growth rate. Since the country was the first in Europe to implement lockdown measures, market participants are looking for clues on how effectively …read more […]
United will temporarily suspend all flights to Canada effective April 1 and will draw down its remaining trans-Atlantic, trans-Pacific and Mexico operations, the airline said in a statement. The airline this week had announced a 60% reduction in domestic and international schedules for April, citing the impact of the coronavirus outbreak on travel demand. …read more […]
JOHANNESBURG/MILAN (Reuters) – Exxon Mobil is likely to delay the greenlighting of its $30 billion (26 billion pounds) liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors wary, six sources told Reuters. Top U.S. oil and gas company Exxon said on Tuesday it was evaluating “significant” cuts to capital spending and operating expenses. Qatar, the world’s largest producer of liquefied natural gas (LNG), is delaying a big expansion in which Exxon is a major partner. …read more […]
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