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As the next 6-month low in gold approaches, I wanted to share some thoughts on where I believe the bull market in gold is headed. Any dip from here is considered a long-term buying opportunity....
Suncor Energy will layoff about 10%-15% of its employees due to a significant drop in oil prices, the impact of the pandemic and continued market volatility.Canada-based Suncor Energy (SU) had a total workforce of about 13,000 at the end of 2019. The layoffs will be carried out over the next one and a half years, including 5% cuts in the next six months.The company informed the employees of the restructuring through an internal conference call with CEO Mark Little. The layoffs will take place throughout the organization and will be a combination of layoffs, voluntary buyouts and early retirement.Suncor’s spokesperson Sneh Seetal said that the company was already implementing measures to improve its cost structure that would have led to a smaller workforce over time. But current events have accelerated the company’s cost reduction plans.Suncor had entered the year with an estimate to spend between $5.4 billion and $6 billion but...
Billionaire investor Warren Buffett is famed for his useful tips and long-term outlook on investing. If you'd like to retire early keep reading.
The post No savings at 40? Following Warren Buffett’s tips could still help you retire early appeared first on The Motley Fool UK....
Shares of Ford Motor Company rose 2.1% on Friday after the automaker reported 3Q US sales data which reflects the industry’s stronger-than-expected recovery from the COVID-19 pandemic. The company noted that though its US auto sales fell 4.9% to 551,796 units year-on-year, it significantly outperformed an industry decline of 10%.Ford’s (F) 3Q sales data also reflected a robust sequential improvement of 27.2%. Strong demand for pickup trucks and sports utility vehicles mainly boosted the second-largest US automaker’s 3Q sales.The combined sales of F-Series and Ranger pickup trucks increased 4% to 249,997 units year-over-year. Sales for F-Series pickup trucks grew 3.5% while Ranger demonstrated an 8.2% growth. Deliveries for Ford’s sports utility vehicles – Explorer and LincoIn – grew 73.9% and 222%, respectively, on a year-over-year basis. (See F stock analysis on TipRanks).Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service said, “Despite the challenging pandemic environment, our retail unit sales...
Investing in the FTSE 250 may produce higher returns than gold over the long run, helping investors who want to get rich and retire early. The post Forget gold! I’d buy the FTSE 250 to get rich and retire early appeared first on The Motley Fool UK....
Tesla announced that it delivered 139,300 units 3Q, which came ahead of analysts’ expectations of 137,000 units. Despite reporting strong shipment data, shares of the all-electric vehicle maker fell 7.4% on Friday due to the market sell-off on news of President Donald Trump’s positive test for Covid-19.Tesla’s (TSLA) Model 3 Sedan and Model Y crossover SUV made up 89% of the total 3Q deliveries while the older Model S and X accounted for the rest. During the quarter, Tesla shipped 124,100 Model 3 and Model Y vehicles, reflecting a year-over-year growth of 55.9%. Shipments for Model S and X plunged 12.6% to 15,200 units year-on-year.Additionally, the company stated that its new vehicle inventory level in terms of days of sales declined further during the quarter mainly driven by improved delivery efficiency. Furthermore, Tesla’s total production increased by 81.7% to 145,036 vehicles from 79,837 units in the year-ago quarter. (See TSLA stock...
Uber Technologies announced on Friday that its wholly-owned trucking logistics arm – Uber Freight – has received a $500 million preferred stock investment from a group led by Greenbriar Equity. According to the ride hailing and food delivery company, the deal values the subsidiary unit at $3.3 billion on a post-money basis.Uber (UBER) intends to use the investment proceeds to build out its logistics platform and speed up product innovations. As part of the transaction, Greenbriar Managing Partners Michael Weiss and Jill Raker will join the Uber Freight board. Uber stated that it will continue to maintain majority ownership in the logistics arm.Head of Uber Freight, Lior Ron said, "We are thrilled to be moving into the next chapter with Greenbriar by our side as a partner with deep expertise and a shared passion for simplifying logistics. We will continue to leverage Uber’s leading marketplace technology, global reach, and cross-platform capabilities...
