Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
SHANGHAI Reuters) – Polestar, the premium electric vehicle maker owned by China’s Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc’s locally made Model 3.
Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to “ensure survival” as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.
(Bloomberg) — Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand.Two dozen or more crude-laden tankers are waiting to discharge at terminals on China’s east coast that supply state-owned and independent refiners in the region, according shipbrokers and vessel-tracking data. Asia’s largest economy is leading a recovery in oil consumption, with demand in May almost back to levels seen before the coronavirus triggered stay-at-home orders.Chinese refineries are increasing operations to convert more crude into gasoline and diesel …read more […]
Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
There’s a potential $150 billion industry no one’s talking about…sports betting stocks. Of course, that’s for good reason. But that doesn’t mean investors should ignore the opportunity or wave it away, because things are changing. As they say, if you don’t play, you can’t win.
Invest in Sports Betting Stocks – Watch the Video
Hi, I’m Matthew Carr, Chief Trends Strategist for The Oxford Club. And welcome to this week’s episode of Market Trends.
Investing has long been viewed as a kind of legalized gambling. Even though it couldn’t be further from the truth. Sure, you can take a grubstake, and you can …read more […]
Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico’s northern border on Monday, the first day that industries joined the country’s list of essential activities beginning to reopen.
Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as U.S. President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood.
The Internal Revenue Service is failing to crack down on hundreds of thousands of high-income people who owe billions of dollars in taxes, according to a new report by the agency’s government watchdog.The Treasury Inspector General for Tax Administration identified almost 880,000 individuals making $100,000 a year or more who didn’t file tax returns from 2014 to 2016. Collectively, those “nonfilers” owed an estimated $45.7 billion in taxes.An estimated 1,891 nonfilers owed more than $1 million apiece, or about $13.5 billion collectively. The top 100 nonfilers owed an estimated $9.9 billion in total.The inspector general’s audit found that the IRS …read more […]
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday night.
Facebook employees walked away from their work-from-home desks on Monday and took to Twitter to accuse Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump’s posts as strictly as the rival platform has done.
Today, I’m not going to beat around the bush…
The picks Karim and I have been making here in Trade of the Day have been absolutely crushing it in the month of May. And today, it’s time to ring the register.
You see, with so much market uncertainty right now – whether it’s the protests occurring across the nation in every major U.S. city or the flare-ups occurring between the U.S. and China once again…
I believe now is the time to “ring the register” (as I say in The War Room) on five of our more recent Trade of the Day picks.
This …read more […]
Stock futures opened roughly flat Monday evening, as investors eyed stabilizing economic data alongside ongoing protests across the country, which spurred some concerns of a ramp-up in coronavirus cases following a deescalation in the outbreak. …read more […]
I’ve been getting a lot of emails about REITs lately. These are companies that own various forms of real estate and by law must pay out 90% of their profits in dividends.
As a result, the dividend yields on REITs are higher than the yields on most stocks.
REITs typically invest in a specific area in real estate. You can find REITs that are focused on shopping malls, apartments, student housing, cellphone towers, data centers, senior care facilities, private prisons, industrial properties, self-storage, mortgages and more.
Together, REITs own $3 trillion worth of real estate in the U.S.
They each have benefits and challenges …read more […]
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