In the weeks since the president declared COVID-19 pandemic to be a national emergency, commercial vehicle operations have faced a changed landscape. Here, a sampling of photos shared by fleets and truck drivers. ...
Disney+ is gaining traction as the streaming fight intensifies, but Netflix is still number one amongst Generation Z, according to the latest Piper Sandler teen survey. Yahoo Finance's Alexandra Canal breaks it down. ...
After a holiday-shortened, rowdy week, let's look at a few top stock trades involving some of the most well-followed names on Wall Street. Top Stock Trades for Monday No. 1: S&P 500 ETF (SPY) Click to Enlarge Source: Chart courtesy of TradingViewThe Fed announced an additional $2.3 trillion worth of stimulus and the S&P 500 can barely gain upward traction? That's a potential warning sign in my view. Some could argue that another worse-than-expected jobless claims report soured sentiment, but it didn't matter the last two weeks -- so I wouldn't put much emphasis on it now. Certainly any stimulus with a "T" following the figure should overshadow it. I enjoy rallies as much as the next guy and certainly lean bullish over the long term, but I am taking this recent rebound with a grain of salt. The SPDR S&P 500 ETF (NYSEARCA:SPY) has now rallied almost 25% from its...
(Bloomberg) -- Some of the world’s largest oil producers are finalizing a deal that would take an unprecedented 10 million barrels a day of global crude supplies off the market in an effort to fight the devastating effects of the coronavirus pandemic.Crude prices are crashing anyway.Futures in New York plunged 9% even as Saudi Arabia ended its price war with Russia and orchestrated an unprecedented 10 million barrel-a-day production cut among OPEC and its allies. Oil in London closed 4% lower.The seemingly unstoppable collapse in oil markets underscores how dramatic the plunge in oil demand has become as the virus ravages world economies, prolongs lockdowns, grounds planes and keeps cars off the road. Even an agreement to eliminate 10% of global crude supply, while extraordinary, isn’t enough to offset demand losses of as much as 35 million barrels a day.At stake in the worst market rout in nearly two decades are...
(Bloomberg) -- Short seller Jim Chanos predicted Tesla Inc. will lose money again this year and believes investors will eventually trade the stock more like a carmaker than a tech company.“It has to lay people off like a car company, not like a Silicon Valley software company,” Chanos, the president of Kynikos Associates, said of Tesla on Bloomberg Television. “It has manufacturing plants like a car company. It’s got a lot of debt like a car company. So investors can try, can convince themselves all they want, that this is a software company or this is some leading-edge technology company. Sadly, the numbers belie that.”Read more on Chanos being ‘outraged’ private equity giants want aidChanos has been publicly short Tesla for several years. When the electric-car maker was in the process of merging with SolarCity Corp. in September 2016, he said the combined company would be a “walking insolvency.” As Chief...
