Month: May 2020

(Bloomberg) — A lame-duck Texas regulator who proposed mandatory oil-output cuts said the effort is “dead” a day before the biggest U.S. crude-producing state was set to vote on the measure.Texas Railroad Commissioner Ryan Sitton said in an interview on Bloomberg TV that the three-member agency wasn’t prepared to vote on curtailing supplies in a process known as “pro-rationing.” His comments likely mark the end of a month-and-a-half-long saga that divided the shale industry over whether regulators should adopt OPEC-style production caps amid a historic collapse in crude prices.The unprecedented implosion of the entire oil industry has been so swift …read more […]

Restaurant owners remain fearful that the coronavirus will close their business once and for all. Atlas Restaurant Group CEO Alex Smith joins Yahoo Finance’s On The Move to assess the future of the food industry and potential plans of reopening. …read more […]

Yahoo Finance’s Ines Ferre breaks down the latest market action. …read more […]

Carnival Corp. (CCL) said on Monday that it plans to embark on a partial resumption of its cruise trips from North America this summer starting August 1.The “phase in” resumption is set to begin with a total of eight ships from Miami, Port Canaveral and Galveston, the beleaguered cruise operator said in a statement. The suspension of operations of all other cruises from North American and Australian markets will be extended through August 31, it said.“We are committed to supporting all public health efforts to manage the COVID-19 situation,” Carnival said in a statement. “We are taking a measured approach, …read more […]

Wall Street is experiencing some major déjà vu. The tensions between the U.S. and China flared after President Trump threatened to impose new import tariffs. The difference this time? These tariffs would serve as a punishment for China’s role in the COVID-19 pandemic. In response, stocks posted sharp declines, a rough start to the month of May.The new week of trading could see more of the same. U.S. stock pointed to losses in Monday’s trading session as statements made by U.S. Secretary of State Mike Pompeo the day before failed to alleviate trade war fears. Going off of the administration’s …read more […]

As the coronavirus outbreak continues to impact jobless claims, U.S. landlords are worried tenants are less likely to pay rent in May. Yahoo Finance’s On The Move breaks down the latest developments on the housing crisis. …read more […]

Disney shares dip after MoffettNathanson downgraded the stock to ‘neutral’. Yahoo Finance’s Editor-at-Large Dan Roberts joins the On The Move panel to weigh in on the impact the coronavirus has had on Disney. …read more […]

TD Ameritrade Chief Market Strategist JJ Kinahan joins Yahoo Finance’s On The Move to discuss what investment strategies people are utilizing amid the coronavirus pandemic. …read more […]

A senior engineer claims ‘a vein of toxicity’ is running through the firm which fired protestors. …read more […]

Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […] …read more […]