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Oil Chiefs Warned Trump Team of Unrealistic Goals in China Deal

(Bloomberg) — Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.The “phase one” deal signed by President Donald Trump on Jan. 15 calls for China to purchase an additional $52.4 billion in liquefied natural gas, crude oil, refined products and coal over the next two years. To do that, China would have to import an additional 1 million barrels per day of crude oil, 500,000 barrels …read more […]

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Jump in new coronavirus cases derails stock rally

Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak’s epicenter jumped sharply. China’s Hubei province, the epicenter of the virus, reported 242 new deaths and confirmed 14,840 new cases on Feb. 12, a dramatic rise from the 2,015 new cases a day earlier. The spike dashed hopes that the virus was slowing, knocking U.S. e-mini stock futures in to negative territory, sending the Japanese yen 0.2% higher against the dollar and pushing yields on U.S. 10-year Treasuries about 3 basis …read more […]

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Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) and Transport Canada said aluminium bolts that attach the electric power steering gear assist motor to the gear housing may corrode and break causing a reduction or complete loss of power steering assist in some 2016 model year vehicles. NHTSA said there are no known crashes or injuries associated with the issue. …read more […]

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Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) and Transport Canada said aluminum bolts that attach the electric power steering gear assist motor to the gear housing may corrode and break causing a reduction or complete loss of power steering assist in some 2016 model year vehicles. NHTSA said there are no known crashes or injuries associated with the issue. …read more […]

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Will This 6.34% Yielder Keep Shareholders Entertained?

Many Wealthy Retirement readers have asked for a breakdown of EPR Properties (NYSE: EPR)… and I’m here to deliver.
EPR is a real estate investment trust (REIT) that buys and develops entertainment-related properties. These include movie theaters, ski and golf complexes, and water parks.
The company uses long-term triple-net agreements, in which it buys a property and then leases it back to the original owner.
This structure benefits EPR because it places cost burdens, like property taxes, insurance and maintenance, on the tenants.
Tenants then have an incentive to renovate thanks to the long-term leases.
In fact, the average remaining lease term on EPR properties …read more […]

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Time to Own the “Tesla of Space”

Do you want an exciting new play?
If so, let’s take a look at a company that Investor’s Business Daily (IBD) calls the “Tesla of space.”
And just to add in some wordplay, IBD says it’s “skyrocketing.” (Pretty clever, huh?)
IBD is talking about Virgin Galactic (NYSE: SPCE), the company that aims to commercialize space travel by developing spacecraft for both private individuals and researchers.
Virgin Galactic operates as a holding company – engaging in “the business of owning and operating privately built spaceships.”
In other words, the company designs manned, passenger-carrying spaceships that can fly you to space, safely – without the need for …read more […]

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Hedge Funds Getting Addicted To Altria Despite Bears’ Warnings

After experiencing a tough 2018, Altria bought a 35% stake in Juul at a $38 billion valuation at the end of 2018. At the time it seemed like e-cigarettes’ explosive growth will continue uninterrupted and around 10% of the young adults said in surveys that they “regularly or occasionally” vape. These young adults were using […] …read more […]