Month: July 2020

The former camera maker moves into drug making and secures a major loan from the US government. …read more […]

Visa shares traded down nearly 2% after market hours. The quarter was the first to reflect how spending on Visa transactions was impacted for three straight months by coronavirus-related shutdowns. Visa said total payments volume decreased 10%, on a constant dollar basis, and the number of process transactions declined 13% from a year earlier. …read more […]

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States decreased against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. U.S. oil gained 14 cents, or 0.3%, to $41.18 a barrel, having dropped 1.4% in the previous session. Inventories of crude oil in the U.S. dropped by 6.8 million barrels last week to 531 million barrels, data from industry group the American Petroleum Institute showed on Tuesday. …read more […]

(Bloomberg Opinion) — Gold’s record run to almost $2,000 an ounce has burnished cash flows and driven a surge in shares of bullion producers. The rally provides a renewed test of discipline for Barrick Gold Corp. and peers after a similar climb a decade ago prompted a spate of inflated deals and overly optimistic investments that wasted billions.The 2020 redux isn’t being fueled by traditional demand: The China Gold Association says consumption in the world’s biggest buyer plunged by more than a third in the first half. Instead, it’s a combination of low bond yields, pandemic worries and institutional investor …read more […]

(Bloomberg Opinion) — Gold’s record run to almost $2,000 an ounce has burnished cash flows and driven a surge in shares of bullion producers. The rally provides a renewed test of discipline for Barrick Gold Corp. and peers after a similar climb a decade ago prompted a spate of inflated deals and overly optimistic investments that wasted billions.The 2020 redux isn’t being fueled by traditional demand: The China Gold Association says consumption in the world’s biggest buyer plunged by more than a third in the first half. Instead, it’s a combination of low bond yields, pandemic worries and institutional investor …read more […]

(Bloomberg) — When the coronavirus put a halt on people’s lives in China in February, Justin Jin’s old university classmates thought about selling face masks to make money. The 21-year-old suggested they instead try their luck with two stocks: Tesla Inc. and Tencent Holdings Ltd.That’s when Jin’s two friends began using the Futubull app, one of the Chinese platforms that allow mainland investors to buy foreign equities. The decision paid off. Both stocks soared as part of a global rally that has enticed a wave of novice investors.“When I first started, there were only three or four friends who used …read more […]

(Bloomberg) — EBay Inc. raised its profit and sales forecasts for the year, but the new outlook disappointed investors who hoped the digital marketplace would take greater advantage of the surge in consumer spending during the pandemic. Shares declined as much as 6% in extended trading.The market reaction suggested investors are worried the spending bump on EBay could be fleeting as economies reopen and people return to work. A drop in federal stimulus money, which could trigger a pullback in consumer spending, is another concern, analysts said. Spending among EBay’s U.S. customers grew 35% in the second quarter, while international …read more […]

MacKenzie Scott, ex-wife of Amazon.com Inc’s billionaire Chief Executive Jeff Bezos, has donated $1.7 billion of her wealth in the past year to causes including racial equality, LGBTQ rights, public health and climate change, she said in a blog post on Tuesday. Scott, who was previously known as MacKenzie Bezos, also announced her new last name, which she said was taken from her middle name. Last year, Scott signed the Giving Pledge in a commitment to donate the majority of her fortune after her split from Bezos – the world’s richest man – left her with a …read more […]

Building wealth in your 40s is different than doing so in your 20s and 30s. It involves a new set of decisions: health, insurance and home ownership. But you should also continue to do the things you were already doing in your 20s and 30s.
Building wealth in your 20s largely involved starting your career. You needed to negotiate the best starting salary you could get. Generally, keeping your debt to a minimum was essential. Of course, being frugal and saving as much money as possible mattered, too. And starting to learn how to invest for retirement was crucial.
On the other …read more […]

Today’s newest Trade Talk Tuesdays answers one of the biggest questions for trading in today’s market…
What are the five best stocks to trade right now?
To answer that, I looked back at my War Room track record.
What I found was very surprising…
And also very, very profitable.
You see, there are five stocks that I’ve traded for fast, consistent profits… over and over again.
What are the five?
They’re all revealed in my newest video…
So let’s get after it! Click the link below…

For more information on picks like these, join me in The War Room!
P.S. Take Profits Alert! Our position on Anheuser-Busch (NYSE: BUD) is …read more […]

EV stocks exploded during the last couple of weeks and with a ton of momentum behind it, every company in this sector has seen its share price rise …read more […]

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For months, I’ve been pounding the table about why American banks are the best value in the stock market…
Why the banks are a “no-brainer” for today’s investors…
And why even their challenges prove their value.
And now it looks like the Oracle of Omaha agrees.
After doing very little through the COVID-19 crisis, Warren Buffett is finally buying a stock…
Buffett’s Berkshire Hathaway (NYSE: BRK-B) just revealed that it purchased 34 million shares of Bank of America (NYSE: BAC) at an average price of $24.
That equates to an $816 million investment, which is a decent chunk of change even for Buffett.
So investors should ask …read more […]

Pot stocks have blazed higher this year.
Since its low on March 23, the North American Marijuana Index has gained 92.15%…
That’s double the rebound that the Dow Jones, the S&P 500 and even the Nasdaq have enjoyed.
In part it’s because cannabis dispensaries were deemed essential businesses during the pandemic and economic shutdown.
But as we look further down the road – past the haze of the pandemic – cannabis is poised to rocket even higher. I believe we’re talking about at least a $200 billion global opportunity by the end of the decade. And the U.S. would represent $80 billion of that.

This …read more […]

Stock futures opened higher Tuesday evening ahead of an eventful Wednesday, during which Big Tech executives will testify before Congress and the Federal Open Market Committee will release its July monetary policy statement. A host of quarterly corporate earnings results will also continue to flow. …read more […]