Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors.
China made no trade concessions after U.S. President Donald Trump postponed 10% tariffs on over $150 billion worth of Chinese imports, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient.
Billionaire U.S. investor William Ackman has long described how Warren Buffett, often called the greatest stock picker ever, has influenced his career. Now he’s paying the Oracle of Omaha the ultimate homage with a new investment in Buffett’s Berkshire Hathaway .
VANCOUVER, Washington, Aug. 14, 2019 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today an […]
Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors.
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.
Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes traded near record highs.
It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession.
In December 2017, I looked at the dividend safety of Apollo Commercial Real Estate (NYSE: ARI).
Back then, SafetyNet Pro and I determined that the 9.8% yield was safe. The stock received an “A” rating because the company generated plenty of net interest income (NII).
A reader requested that I revisit Apollo Commercial Real Estate, his interest likely sparked by my recent recommendation of the stock in the July issue of The Oxford Income Letter.
Apollo Commercial Real Estate is a mortgage real estate investment trust (REIT). It borrows money short term and lends it out longer term at higher rates. The difference …read more […]
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.
Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.
Wall Street sold off sharply on Wednesday, with the Dow registering its largest one-day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Many of us woke up this morning to another round of heavy selling pressure – which is being attributed to inverted yields on the two-year Treasury vs. the 10-year Treasury.
What exactly does that mean, and why is it so alarming?
First off, it means that the two-year yield is now higher than the 10-year yield.
Secondly, it’s the first time since 2007 that this has occurred. Whenever this does happen, it’s considered a reliable indicator of an economic recession.
In fact, according to research from Credit Suisse, this yield curve inversion has preceded every recession over the past 50 years – with a …read more […]
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