Ramping up production to combat the COVID-19 pandemic, Ford shares its prioritities and how it aims to continue to support fleets for the remainder of 2020. ...
(Bloomberg) -- Oil climbed to the highest level since early April after the U.S. government lowered its output forecast for the year.Futures in New York gained 6.8% on Tuesday. The Energy Information Administration revised down its 2020 and 2021 crude output forecasts in its monthly Short-Term Energy Outlook. An American Petroleum Institute report showed that supplies in Cushing, Oklahoma, fell by 2.26 million barrels, according to people familiar. If the EIA confirms the data on Wednesday, it will be the first draw at the delivery point for U.S. crude futures since the week ending February 28.Saudi Arabia plans to cut production by an additional 1 million barrels a day, easing concerns over storage capacity hitting limits worldwide.“Production is indeed dropping and it might stay down for longer than people thought,” Bart Melek, head of commodity strategy at Toronto Dominion Bank said.Saudi Arabia’s move to reduce output by more than required under...
Boeing Co (NYSE: BA) shares traded lower by 2.7% on Tuesday after the company reported another round of 737 Max cancellations and zero new orders in April.A flurry of large Boeing option trades were mixed in nature, with one deep-pocketed Boeing bull selling a massive number of Boeing puts.The Boeing TradesOn Tuesday, Benzinga Pro subscribers received 13 option alerts related to unusually large trades of Boeing Airlines options. Here are a handful of the biggest: * At 11:39 a.m., a trader sold 600 Boeing put options with a $150 strike price expiring on Friday at the bid price of $21.18. The trade represented a $1.27 million bullish bet. * Less than a minute later, a trader sold another 756 of the same Boeing put options with a $150 strike price expiring on Friday at the bid price of $21.18. The trade represented another $1.6 million bullish bet. * At 11:40 a.m.,...
(Bloomberg) -- Stocks tumbled after a U.S. health official warned against a premature reopening of the economy and as traders assessed a dire outlook from Federal Reserve regional chiefs. Treasuries and the dollar climbed.The S&P 500 extended losses as Anthony Fauci, the nation’s top infectious disease official, said states reopening too quickly could “set you back on the road on trying to get economic recovery.” Meanwhile, some central bank officials said the virus outbreak and a partial shutdown would risk massive bankruptcies that could create a lasting scar. The Fed could curtail Wall Street banks’ ability to pay dividends by cranking up the amount of capital they need to maintain due to the coronavirus crisis, Governor Randal Quarles said Tuesday.“You will get business failures on a grand scale and you will be taking risks that you would go into depression” if shutdowns persist, Federal Reserve Bank of St. Louis President James...
Yahoo Finance's Myles Udland, Jennifer Rogers, Dan Roberts, and Melody Hahm discuss Tesla CEO Elon Musk's latest comments and tweets about the reopening of California, and whether that could hurt Tesla in the long run. ...
Yahoo Finance's Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm discuss the possible merger between two big players in the food delivery space. ...
Dr. Fauci testified at Congress on Tuesday to offer his opinions and reservations about the coronavirus vaccines and reopening the United States. Yahoo Finance’s Anjalee Khemlani joins The Final Round panel to break down the latest news about the coronavirus. ...
