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Oil Holds Record Gain in Wild Week as Trump Wades Into Tussle

(Bloomberg) — Oil kept climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid slumping demand.Futures in New York posted the biggest spike on record Thursday, rebounding from the lowest settlement since 2002. Oil has been whipsawed this week as investors weigh further stimulus measures to combat the impact of the coronavirus pandemic against collapsing demand and an impending supply flood from the world’s biggest crude producers.Trump said he was searching for “medium ground” to break the deadlock between the two oil …read more […]

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Three Companies I Like: Costco, Walmart and Walgreens (Here’s the One to Play Now)

Let’s get started on today’s Trade of the Day…
Two stocks that members have played before in The War Room – and that I continue to like – are Costco and Walmart.
Right now, the Costco options premiums are insane – which could open the door for you to trade Walmart
You see, right now, after years of preparation, Walmart’s online grocery business is having its so-called “big moment.”
Here in the new “virus economy,” online grocery shopping has surged – and Walmart stands to capitalize.
Its curbside pickup, which requires less human contact, could make it the primary e-grocer in America.
Right now, Walmart is …read more […]

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Former U.N. ambassador Nikki Haley leaves Boeing board, opposing federal aid

“I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position,” Haley said in a letter to the company’s management. “I have long held strong convictions that this is not the role of government.” When asked to respond to Haley’s concerns, Boeing said the company appreciates her service on the board and wishes her well. …read more […]

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U.S. grocery meat supply to improve soon, after virus-fueled demand surge: Tyson Foods

Demand for U.S. meat at grocery stores will likely exceed supplies for at least another week, the chief executive of Tyson Foods Inc told Reuters on Thursday, as the coronavirus pandemic fuels panic buying among shoppers. Food manufacturers say overall meat supplies are ample to feed the millions of Americans hunkering down in their homes after state and local governments closed schools, bars and restaurants in an escalation of “social distancing” policies aimed at containing the virus. “Once we are able to replenish supplies, which is probably going to take another week or so, then I think that …read more […]

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Will “New T-Mobile” Secure the 5G Crown?

I don’t know about you, but it feels like the apocalypse in my house.
We have enough toilet paper and frozen pizza to last for weeks. And I’m working from home indefinitely.
Though it feels like the world has stopped, the economy sure hasn’t.
There are plenty of essential services that must continue to operate at peak performance, especially now – namely, wireless networks.
Millions of Americans are telecommuting for their jobs. And we’re pushing our wireless infrastructure to its limits.
That’s why now is the time to recognize up-and-coming titans in the 5G space. After all, heroes are born out of crisis.
Bigger and Better
On …read more […]