Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand.
Drugmaker AbbVie Inc has won U.S. antitrust approval to buy Botox maker Allergan , a blockbuster $63 billion deal when it was announced last year, the companies said on Tuesday. AbbVie, which has been under pressure to diversify its portfolio, said in June 2019 that it would acquire Allergan in a deal that gives AbbVie control over the lucrative wrinkle treatment Botox and buys time to seek new growth before its arthritis treatment Humira loses U.S. patent protection in 2023. The combined AbbVie and Allergan will be based in AbbVie’s home of North Chicago. …read more […]
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The post test push to IU appeared first on Investment U. …read more […]
Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude inventories rose more than expected amid a slump in demand caused by restrictions to halt the coronavirus spread. U.S. West Texas Intermediate (WTI) crude futures fell as much as 2.1% to $24.05 a barrel and were down 14 cents at $24.41 a barrel at 0201 GMT. Brent crude futures were flat at $30.97 a barrel. …read more […]
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
Walt Disney Co. will kick off its strategy next week to begin restoring its lucrative parks business that has suffered $1 billion in lost profits from the coronavirus-led shutdown. Disney said on Tuesday it will reopen its Shanghai Disneyland park on May 11 but severely limit the number of guests and enforce strict social distancing measures on rides and in restaurants.
(Bloomberg) — Oil’s rally ran out of steam — after prices doubled over five days — as optimism that output cuts are easing the supply glut was balanced by trepidation over what promises to be a long and uncertain recovery.Futures in New York fell toward $24 a barrel in Asian trading after surging 20% on Tuesday to close at the highest level in almost a month. Diamondback Energy Inc. and Parsley Energy Inc. became the latest U.S. drillers to cut production in the country’s biggest shale fields, although they said they would consider restoring output if prices rose above $30 …read more […]
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
Global stocks and crude prices were set to extend gains in Asia on Wednesday on confidence that government steps to restart economies will bring back growth and demand for oil.
Editor’s Note: Today, organizations around the world are celebrating #GivingTuesdayNow – a day of giving that hopes to rise to the needs of communities that are fighting COVID-19.
On this special day, Wealthy Retirement‘s publisher, The Oxford Club, would like to invite you to join us in protecting one of the world’s most vulnerable communities from the effects of the deadly virus.
You may have heard us mention The Roberto Clemente Health Clinic as an organization that’s near and dear to our hearts. This clinic supports Nicaragua’s southwestern coastal communities with medical care, education and outreach. And today, it needs our help …read more […]
It is no secret, US airplane giant Boeing (BA) has suffered badly at the hands of COVID-19, with one piece of bad news following the other. But with Boeing shares still down by 60% year-to-date, might now be the right time to pull the trigger on BA stock?Not quite, says Canaccord’s Kenneth Herbert. The 5-star analyst believes there are too many variables to consider and expects Boeing’s commercial services business to drop by more than 50% in 2Q20 and “likely at very depressed levels for the rest of 2020.”It should come as no surprise, then, that Herbert rates Boeing shares …read more […]
Monopoly was first published by Parker Brothers in 1935.
That was 85 years ago…
And yet it’s still accurately predicting the moves in today’s stock market.
As crazy as it sounds… it’s 100% true.
How on earth can this be possible?
I explain it all for you in this week’s installment of Trade Talk Tuesdays.
Be prepared to have your mind blown.
Check it out by clicking the play button below!
For instructions on how to play picks like this, join me in The War Room!
The post This 85-Year-Old Board Game Is Still Predicting Market Moves appeared first on Investment U. …read more […]
Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt to revive their economies.
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