(Bloomberg) -- Boeing Co. is heading for its best week in more than two months as surprise job gains and airline bookings signal that demand for air travel -- and jetliners -- is poised to recover from a historic plunge.The U.S. planemaker’s status among investors has recently flipped to darling from market pariah, although analysts caution that Boeing still faces formidable challenges. Those range from a festering U.S. trade war with China, a soaring debt load and the long-grounded 737 Max jetliner, which the company is trying to return to service this year.But with passengers tiptoeing back to airline flights, investors are discarding some of the gloom from earlier this year when the Covid-19 pandemic spurred airlines to park thousands of planes. American Airlines Group Inc. extended gains Friday after a record advance a day earlier spurred by an upbeat July flight schedule. And an unexpected gain in U.S. payrolls is...
Trump made his assessment at the White House, shortly after the U.S. Labor Department reported an unexpected surge in May jobs, and five weeks after Buffett said his Berkshire Hathaway Inc sold its airline stakes. "Warren Buffett sold airlines a little while ago," Trump said....
If there's one thing that traders have learned about Inovio Pharmaceuticals (NASDAQ:INO) stock, it's that half a year can make a huge difference. Biotechnology stocks can be fast movers, sure, but this particular one has been a real barn burner, as they say.Source: Ascannio / Shutterstock.com INO stock was trading for $3 and change at the beginning of this year, but a whole lot has happened since then. The spread of the novel coronavirus has put clinical-stage biotechnology companies like Inovio in the spotlight. And that's enriched its stockholders while causing problems for short sellers.The share price did ease off of the mid-May peak, but that's not necessarily indicative of any actual problems with Inovio. For those traders who did choose to take profits on INO stock, they may soon find that they cut their winnings short and left a considerable amount of money on the table.InvestorPlace - Stock Market News,...
(Bloomberg) -- Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap.The cost worldwide: An estimated $104.5 billion by 2030, according to Wood Mackenzie Ltd. At least 23 platforms a year could be retired in the North Sea alone, Rystad Energy Inc. reported in May, while the national oil company in Brazil has said it’s planning to spend $6 billion to retire 18 platforms, pipelines and other infrastructure by 2025.Companies can’t just abandon aging offshore wells. In most cases, regulators who approved them required pricey guarantees to make sure they’re properly sealed, and there are environmental issues involved in their upkeep. That can mean the use of divers or robot submarines to plug wells and pipelines on the ocean floor, an...
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]...
