Month: August 2020

The net loss, which was in line with analysts’ expectations, was largely a result of BP’s decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts. London-based BP’s second-quarter underlying replacement cost loss, the company’s definition of net income, reached $6.7 billion, roughly in line with forecasts of $6.8 billion in a company-provided survey of analysts. …read more […]

Japan’s Sony Corp on Tuesday reported a 1.1% decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games. The electronics and entertainment firm posted April-June profit of 228.4 billion yen ($2.15 billion), versus 230.9 billion yen a year prior. The firm also forecast profit to fall 26.7% to 620 billion yen in the year through March 2021, its lowest in four years, but better than a drop of at least 30% it estimated in May. …read more […]

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US regulators have put forward a list of changes needed before the ill-fated planes can restart flights. …read more […]

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The U.S. Federal Aviation Administration said on Monday it is proposing requiring four key Boeing Co 737 MAX design and operating changes to address safety issues seen in two fatal crashes that led to the plane’s grounding in March 2019. The agency is issuing a proposed airworthiness directive to require updated flight-control software, revised display-processing software to generate alerts, a revision of certain flight-crew operating procedures and changes in the routing of some wiring bundles. While the measures align with those expected by Boeing and aerospace analysts for months, the announcement comes after a series of delays …read more […]

Yahoo Finance’s Dan Howley joins the On the Move panel to discuss a lawsuit that could impact Apple’s ability to sell many of its products in China.
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Posted by OFX AUD – Australian Dollar The Australian dollar edged lower through trade on Monday, continuing Friday’s correction to touch intraday lows at 0.7070. In the absence of any headline data the AUD succumbed to a broader USD rebound as the worlds base currency benefited from a correction in last months … Continue reading “Australian Dollar edges lower as USD recoups July’s losses”The post Australian Dollar edges lower as USD recoups July’s losses appeared first on . …read more […]

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They spot trends ahead of the crowd, have many, many ears to the ground, see inefficiencies in the market and use their talents to spot undervalued opportunities…
Billionaires are movers and shakers who can make things happen in the market and the world.
Their moves should not be taken lightly.
Sure, they have the money to make a bunch of bad moves and still come out ahead. But you don’t become mega-wealthy by doing that over and over. That’s usually reserved for those who inherit their wealth, not earn it.
So when these big guns make big moves, I pay attention, and so should …read more […]

When the market crashed in March, a lot of attention was paid to volatility.
Market volatility is the variation of a trading price over time.
The most common way to measure the variation of the price of the broader market is the VIX, which is the CBOE Volatility Index. It measures option prices on the S&P 500.
Volatility is also a tool that you can use to hedge your portfolio or trade for profits.
For example, when volatility (as measured by the VIX) was low last winter, many traders and investors bought calls on the VIX or other volatility instruments as hedges. That way, …read more […]

Alphabet Inc borrowed $10 billion in the investment-grade corporate debt market on Monday, the Google parent’s largest ever bond issue, which it secured at its lowest-ever cost of financing. Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45%, the lowest coupon seen at that maturity since Apple Inc issued a $1.5 billion five-year note at 0.45% in 2013. Investor appetite was fierce for the tech giant’s six-part bond, as low interest rates and corporate bond buying from the Federal Reserve continues to support issuance. …read more […]

Nickel prices recently jumped after Tesla’s conference call. The trending EV market is creating more demand for the metal. Trends Expert Matthew Carr explains what this means for investors.
This was supposed to be the year of nickel’s rebound.
Some forecasts even had the industrial metal surging 20% to $16,375 per metric ton.
And 2020 was supposed to be only the beginning. Nickel prices were projected to top $25,000 per ton by 2025 and $28,000 per ton by 2027.
Those are levels the metal hasn’t seen since the booming glory days of 2006.
And those surging prices were expected to be fueled largely by the …read more […]

The 10 most profitable companies in America in 2020 have combined net profits exceeding $329 billion, while their total assets are worth nearly $3 trillion, all thanks to the capitalist’s dream that is America. Every year, in fact every day, the gap between the rich and the poor in the US increases. The difference between the 1% […] …read more […]

Shares of Virgin Galactic Holdings slipped as much as 9% on Monday following the release of its second-quarter results, which fell below investors’ expectations. The company announced that it would be offering an additional 20.5 million in shares to raise about $460 million. Yahoo Finance’s Jared Blikre breaks down the company’s quarterly report on The Final Round. …read more […]