State Farm and Progressive said they will return portions of auto premiums to consumers, the latest auto insurers to give money back to policyholders....
The coronavirus (COVID-19) pandemic has sidelined the Big Three and forced them to cut near-term expenses. They've stalled factories, furloughed workers and sliced their marketing budgets.Now, they face a new choice: press forward with costly Auto 2.0 projects or push spending to 2021. The pickle puts Tesla Inc (NASDAQ: TSLA) in a relatively strong position.The Tesla RatingMorgan Stanley analysts Adam Jonas and Armintas Sinkevicius maintained an Equal-weight rating on Tesla with a $440 price target.The Tesla ThesisThe coronavirus has already bought Tesla time on the EV front. General Motors Company (NYSE: GM) has delayed some SUV, truck and sports car launches, and Rivian (which Ford Motor Company (NYSE: F) has a stake in) has pushed back its R1T and R1S rollouts."The further along other competitive EV programs get pushed out, the more Tesla will, in our view, be able to extend its competitive edge in electrification from the perspective of the...
It's often said that investing for the long-term is the way to go, and for many investors that's true. Specific to American Airlines (NASDAQ:AAL), it's possible that the carrier will someday soar again, but the road to recovery for AAL stock is likely to be bumpy and lengthy.Source: GagliardiPhotography / Shutterstock.com Every stock -- even supposedly boring consumer staples and utilities -- will subject investors to some turbulence along the way. That's just the name of the investing gaming, but for long-term investors it's vital to limit drawdowns and have some clarity on when a company will offer upside.Right now, AAL stocks potentially has more downside ahead of it, and any return to pre-coronavirus normalcy is likely years off for the airline industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTexas-based American Airlines, like its peers, will be participating in the government airline bailout -- the second this century --...
SkyBridge Founder and former White House Communications Director Anthony Scaramucci says the 2008 downturn taught traders a key lesson for how to weather the current upheaval....
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a further 5%. The plan for cuts top the agenda for Friday's video conference of energy ministers from the Group of 20 (G20) major economies, after Moscow, Riyadh and others in the OPEC+ group forged a deal in marathon talks on Thursday, only to have it stumble when Mexico balked at the initiative. Oil prices have plunged to their lowest in two decades as global measures to prevent the coronavirus spreading led to a collapse in demand for crude, at the same time as Moscow and Riyadh's battle for market share produced a flood of extra oil....
