The tweet was one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions, raising questions about whether Musk's account was compromised. "Tesla stock price is too high," Musk's Twitter account tweeted. Reuters could not immediately verify whether Musk sent the tweet....
Yahoo Finance’s Brian Sozzi sat down with Carnival CEO Arnold W. Donald to assess how the company is faring over the coronavirus pandemic and the economic setback....
(Bloomberg Opinion) -- It’s been a week of milestones for Exxon Mobil Corp., and not in a good way. The oil major froze its dividend for the first time in 13 years and then, on Friday morning, announced its first quarterly loss in decades. Covid-19 plays a big part, obviously, but Exxon’s strategy is the big problem, particularly on its home turf.As at the company’s March analyst day, CEO Darren Woods began with a familiar declaration of long-term growth trends for oil and gas. Even back then, this “straight line” view of global energy’s future looked questionable. Eight long weeks on, it looks divorced from reality; the very first analyst question gently raised that possibility, citing jet fuel in particular (which is critical). Exxon’s high-spending strategy implicitly demands a recovery in oil and gas prices, which makes it more like an exploration and production company than a major. While the company...
