Trading Ideas
Month: May 2020
Business News
U.S. airlines now requiring masks, promise more safety measures
With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel.
Business News
U.S. stocks slide as renewed tariff threat compounds pandemic fears
Wall Street stocks dropped sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a grinding halt.
Trading Ideas
Wealthiest Americans raking in billions from coronavirus pandemic: report
According to a new report, America’s wealthiest have boosted their net worth by over $400 billion amid the coronavirus pandemic. …read more […]
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United CFO says 'one thing is certain': We won't take Boeing's 737 Max unless we need them
United Airlines Holdings, Inc. (UAL) said it will hold off on taking deliveries unless the aircraft are needed and fully financed. …read more […]
Business News
Tesla tumbles after Musk tweets stock too high
Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was overly expensive.
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Teladoc Health, Inc. (NYSE:TDOC) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
It’s been a mediocre week for Teladoc Health, Inc. (NYSE:TDOC) shareholders, with the stock dropping 15% to US$165 in… …read more […]
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Expect 'wide sloppy range' in months ahead: top market strategist
Expect a “wide sloppy range” for the markets as individual states restart their economies while still managing the COVID-19 pandemic, says one top strategist. …read more […]
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Tesla shares sink after Musk tweets price is too high
Tesla stock drops after Elon Musk tweets about stock price. …read more […]
Business News
Exxon, Chevron slam brakes on shale as oil demand tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemic.
Business News
United sees third-quarter daily cash burn under $40 million, still taking jet deliveries
United Airlines Holdings Inc expects to reduce its daily cash burn to below $40 million in the third quarter, even with zero passenger revenues and no additional capital raisings, and will continue taking jet deliveries this year and next, executives said on a conference call.
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Exxon, Chevron slam brakes on shale as oil demand tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. oil producers plan for combined global shut ins of 800,000 barrels per day in response to plunging crude prices and fuel demand. Both companies on Friday outlined deep cuts in investments in the Permian shale basin, the top U.S. oilfield where growth in recent years made America the world’s top oil producer and a net exporter for the first time in decades. Exxon and Chevron have been rapidly sidelining Permian drilling equipment since the market started crashing in March. …read more […]
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Facebook warned it may lose a key seal of approval for ad measurement: WSJ
Facebook’s shares were down about 2% at $200.56 in afternoon trading. The media industry’s measurement watchdog has warned Facebook it could be denied accreditation due to deficiencies in how it reports on the effectiveness of advertising on its products, according to the report. The company failed to address advertiser concerns arising from a 2019 audit, concerning how Facebook measures and reports data about video advertisements, the Journal reported, citing a notice from the Media Rating Council (MRC). …read more […]
Business News
Jetmaker Embraer focuses on future after Boeing divorce ‘pain’
The head of Embraer’s commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a re-united company.
Business News
Telefonica in talks to merge O2 with Virgin Media, source says
Spain’s Telefonica SA is in talks with billionaire John Malone’s Liberty Global Plc to explore a merger of its British mobile operator O2 with cable network company Virgin Media, a source familiar with the matter said.