Month: April 2020

(Bloomberg) — Oil held below $13 a barrel in Asia after the biggest oil ETF said it would dump the June crude contract amid dwindling global storage capacity.Futures in New York rose 1%, after plunging 25% on Monday. The United States Oil Fund LP said it would move all the money it invested in the front-month June WTI oil contract, triggering a massive swing in the price relationship between the June and July contracts. Brokerage firms are also restricting client’s abilities to add new positions to certain crude contracts.The global oil market is on track to test storage capacity limits …read more […]

In March, Americans had their lives upended.
Streets emptied, and businesses closed up shop.
Entire workforces shifted online.
Elementary schools, high schools and universities locked their doors. But students are still attending classes remotely.
The global COVID-19 pandemic brought the real world to a screeching halt.
But while empty cubicles gather dust and schoolyards remain quiet, the digital realm is thriving.
It’s fascinating that this metamorphosis was already underway. COVID-19 is just speeding up the pace. And I don’t think there’s any going back.
So investors need to prepare their portfolios for this new world order… if they haven’t already.
Stay-at-Home Economy Brings Home the Bacon
The COVID-19 economy …read more […]

With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs. Van Beek and other farmers say they have no choice but to cull livestock as they run short on space to house their animals or money to feed them, or both. …read more […]

The Oxford Club’s Chief Income Strategist Marc Lichtenfeld reveals his top travel stock to buy right now. He talks about how the coronavirus pandemic affected the travel industry and how travel stocks are poised for a comeback.
On the road again
Goin’ places that I’ve never been
Seein’ things that I may never see again
And I can’t wait to get on the road again.
– Willie Nelson
When recently asked what I miss most during the COVID-19 lockdown, without having to think about it, I immediately answered “traveling.”
It’s one of my favorite things. I love to explore new places and meet new people. I always …read more […]

Google parent company Alphabet is scheduled to announce its Q1 earnings on Tuesday. …read more […]

The Federal Reserve on Monday extended the scope of its liquidity facility concerning municipal debt to include slightly smaller U.S. counties and cities. …read more […]

(Bloomberg) — Just before the coronavirus-induced U.S. lockdowns began in March, some of the world’s investing elite gathered at an invite-only event in Silicon Valley.Representatives for super-rich families and endowments crowded into Vina Enoteca, an Italian restaurant right by the Stanford University campus. They were there to hear from Lei Zhang, the charismatic founder of Hillhouse Capital Management Ltd. and from some of his top investments, including Zoom Video Communications Inc.’s Eric Yuan.In a packed room — before social distancing became the norm — Zhang and Yuan discussed how technology can change work-life balance. Neither could have predicted how much …read more […]

Investors may be ahead of themselves if they’re expecting a V-shaped economic recovery, says one top strategist. …read more […]