The outbreak of the coronavirus is a “true black swan” for the oil and energy market, and as crude prices continue to move lower the worst may not be over yet, Ned David Research said in a note to clients Monday. Analyst Warren Pies noted that the outbreak has reduced Chinese demand for oil by
Month: February 2020
Despite the dangers of high-interest debt, more consumers are testing the limits of plastic. To that point, more than 1 in 3 Americans — or 91 million people— said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered
President Trump speaks during an event at the White House in Washington, D.C., on Thursday, Feb. 6, 2020. Al Drago | Bloomberg | Getty Images President Donald Trump’s proposed budget would reportedly kill a loan program that assisted automakers such as Ford Motor and Tesla in producing more environmental-friendly vehicles, including Tesla’s all-electric Model S.
Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Tesla Model Y crossover electric vehicle in Hawthorne, California, U.S., on Friday, March 15, 2019. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Tesla (TSLA) — Shares of Tesla rose
Donald Trump Carlo Allegri | Reuters Whether you love or hate the Tax Cuts and Jobs Act, President Donald Trump wants to keep the tax overhaul going. The president released his proposed budget for 2021 on Monday. In the spending plan, the President is calling for an extension of the individual tax cuts set to
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images TD Ameritrade‘s millennial investors were attracted to a somewhat surprising stock in January: ExxonMobil. “One of the most bought stocks by our millennials,” JJ Kinahan, the brokerage firm’s chief market
President Donald Trump is calling for cuts to the Education Department Nicholas Kamm/Getty Images As student debt continues to climb, President Donald Trump released a budget for 2021 on Monday that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A
Hospital staff in protective garments walk at a checkpoint to the Hubei province exclusion zone at the Jiujiang Yangtze River Bridge in Jiujiang, Jiangxi province, China, as the country is hit by an outbreak of a new coronavirus, February 1, 2020. The banner reads: ‘Committed to the fight to prevent and control the epidemic’. Thomas
A Popeyes restaurant is seen on in Washington D.C. Eric Baradat | AFP | Getty Images The return of Popeyes’ chicken sandwich helped parent company Restaurant Brands International top analysts’ expectations for its quarterly earnings and revenue. Shares of the company rose more than 1% in premarket trading on Monday. Here’s what the company reported compared
Chinese men wear protective masks as they walk in a nearly empty shopping street on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Check back for updates. 8:41 am: Sanders nomination would raise Trump reelection odds: Raymond James Though conventional wisdom in the 2020 election cycle thus
Getty Images Every so often, a new credit scoring model hits the market — such as the recently announced FICO 10 — and consumers are told their score may change. The reality, though, is that not much shifts in the trenches: Banks, credit unions and other lenders that determine whether to loan you money or
A woman sits outside wearing a protective mask on February 9, 2020 in Wuhan, China. Flights, trains and public transport including buses, subway and ferry services have been closed for eighteenth days. The number of those who have died from the Wuhan coronavirus, known as 2019-nCoV, in China has climbed to 813. Stringer | Getty
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR Young retail investors rushed into Tesla stock as it surged to new highs this week.
Elon Musk’s Tesla had a week for the Wall Street record books, swinging hundreds of dollars in both directions as some investors rushed to buy shares and others rushed to cover their negative bets. The stock began the week just above $670 a share — a record high after a strong end to last month
Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. Dan Kitwood | Getty Images Mike Lynch was once described in U.K. media as “Britain’s Bill Gates.” Now the entrepreneur faces potential extradition to the United States. Lynch, the founder of U.K. tech firm Autonomy,
Kathrin Ziegler | Getty Images There is a lot you can get done in a half-hour. Binge your favorite sitcom, take a nap or finish a chapter of a book. You can also take the first step to financial independence in under 30 minutes. Do you know your net worth? You don’t have to be
A new client recently told us that he didn’t want to own Boeing. He did not cite the two planes that crashed or Boeing’s enormous consumption of fossil fuels. His primary concern was the integrity of its management. We mentioned that a new management has taken over the company, but he responded that that there
Ryan Reed became a technical support specialist at IBM after graduating last year from the tech firm’s apprenticeship program. Photo credit: IBM. Ryan Reed was having a tough time. The 38-year-old, a resident of Raleigh, North Carolina, had been trying for months to land a job in technology, a passion dating to his days as
A staff member takes body temperature of a girl at Singapore Changi Airport in Singapore, Feb. 5, 2020. Then Chih Wey | Xinhua | Getty Images The global death toll from the new coronavirus is now at 805, higher than that of SARS. Hubei province reported early Sunday morning local time that there were 81
Credit Suisse CEO Tidjane Thiam FAFabrice Coffrini | AFP | Getty Images Credit Suisse CEO Tidjane Thiam is to step down as on Feb. 14 and will be replaced by Thomas Gottstein. The news follows a long drawn-out spying scandal at the bank. An internal investigation by law firm Homburger into the spying scandal which
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