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Shell CEO does not rule out moving headquarters to Britain

Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain, the oil company’s chief executive Ben van Beurden said in a Dutch newspaper interview published on Saturday. Anglo-Dutch consumer products giant Unilever said last month it plans to ditch its dual Anglo-Dutch legal structure and create a single entity in Britain. Van Beurden did not explicitly say Shell wants to move its headquarters, het Financieele Dagblad said. …read more […]

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End of the runway for 747 jumbo as Boeing placed final part orders – sources

Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s but fell behind modern twin-engine aircraft, industry sources said on Friday. Boeing’s “Queen of the Skies”, the world’s most easily recognized jetliner with its humped fuselage and four engines, marked its 50-year flying anniversary in February 2019, clinging to life thanks to a cargo market boom fueled by online shopping. The last order for a passenger version came in …read more […]

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Why Traders Ignore the Small Stocks With the Best Potential

Editor’s Note: We’re taking a step back from the normal Trade of the Day issue to share a message from our good friend Alexander Green. If you’re looking for the best way to get outsized returns in stocks, Alex reveals the one asset class you cannot ignore.

Thanks in part to the coronavirus, more than 500 companies have filed for bankruptcy this year.
The biggest by far is Hertz (NYSE: HTZ), which sought Chapter 11 protection in May with $25.8 billion in assets and $24.4 billion in liabilities.
Some companies restructure and survive bankruptcy. Many do not.
The ones that don’t generally go into …read more […]

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A Lesson From the Sinnemahoning Rattlesnake Hunt

Every June, the tiny town of Sinnemahoning, Pennsylvania (population 132), hosts a rattlesnake hunt.
Surprisingly (or perhaps not), this annual event attracts thousands of people, and awards are given for the heaviest rattlesnakes captured. (Last year, the biggest timber rattlesnake was 54 inches long and weighed 4 pounds, 10 ounces.)
My dad, who grew up just a few towns over, used to tell me stories about how competitors would inject themselves with rattlesnake venom to build up a tolerance in preparation for the big hunt.
But this year, the hunt was called off.
COVID-19 made it too risky for thousands to crowd the streets …read more […]

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Europe Stocks Decline With U.S. Futures; Oil Slips: Markets Wrap

(Bloomberg) — U.S. futures and European stocks dropped on Friday as investors mulled a reported conflict among policy makers over a stimulus package for the single-currency region, as well as political upheaval in France.The Stoxx 600 Index fell after Bloomberg News reported the European Central Bank is facing a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries such as Italy. The euro fluctuated following French President Emmanuel Macron’s decision to name a new prime minister after asking his government to resign. Rolls-Royce Holdings Plc slumped after the British jet-engine maker said it’s exploring …read more […]

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Cramer Weighs In On American Tower, Starbucks And More

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said that Vroom Inc (NASDAQ: VRM) is a great company and the auto industry is coming back. He likes the stock and he thinks that used cars are very, very hot.Cramer doesn’t like Archer-Daniels-Midland Co (NYSE: ADM). The stock has really done absolutely nothing.If it’s a financial technology digitized bank, it’s going to go up, said Cramer. Green Dot Corporation (NYSE: GDOT) belongs to the group, but Cramer prefers Paypal Holdings Inc (NASDAQ: PYPL) and Square Inc (NYSE: SQ).Cramer is not recommending the oil stocks, so he is not a buyer of …read more […]