During his daily White House appearances, President Trump has not shied away from calling out companies by name. Here’s a running tally of the companies he’s focused most of his attention on....
The U.S. reached a grim milestone on Monday, passing 10,000 coronavirus-related deaths, and according to a prominent physician, the nation won’t move beyond the crisis without a vaccine....
Are you ready to find some deals in the stock markets? The S&P 500 skyrocketed 7% yesterday, marking a strong trading session in what appears to be a true rally. Judging by the market charts, it looks like stocks bottomed out on March 23.Bob Doll, chief equity strategist at Nuveen, noted, "The stock market will bottom before the economy does, The stock market may have bottomed at 2,192 on the S&P."It’s a situation that gives investors an incentive to buy. We’re not in a true bull market – not by a long shot – but the recent bear has pushed prices down and the current rally is opening up the prospects of gains. All that remains is finding the right stocks to buy.And this brings us to penny stocks. After seeing heavy losses in March, investors are short of cash. Penny stocks are the natural fit; priced below $5, they offer...
Shares of Nio Inc - ADR ADR Class A (NYSE: NIO) were advancing Tuesday after the Chinese electric vehicle manufacturer released March delivery figures.Nio said it delivered 1,533 vehicles in March, up about 116.8% from February. The March numbers comprise 1,479 ES6s and 54 ES8s.The company attributed the strong month-over-month gains to recovering production capacity.First-quarter deliveries came in at 3,838 vehicles, 9.7% more than the midpoint of the guidance.In its fourth-quarter earnings release, the company guided to deliveries of 3,400 to 3,600 vehicles in the first quarter.This compares to deliveries of 8,224 in fourth quarter of 2019.As of March 31, 2020, cumulative deliveries of ES8s and ES6s totaled 35,751."In parallel with our continued online sales efforts, our in-store visits have also witnessed a gradual pickup. With the continuous support from our loyal user community, we have seen increasing order backlog since February," CEO William Li said in a statement. Nio said...
(Bloomberg) -- Exxon Mobil Corp. is targeting its premier shale assets for deep cuts as it slashes worldwide spending to a four-year low and delays major projects to adapt amid the worst oil-price rout in decades.Exxon will reduce this year’s spending by 30% to $23 billion, the Irving, Texas-based company said in a statement on Tuesday. It will be the second-largest budget cut in the company’s modern history, overshadowed only by 2016, when crude markets last collapsed.The largest share of the reductions will occur in the Permian Basin of West Texas and New Mexico, where Exxon will cut back on drilling and fracking, according to the statement. The company also is delaying a formal investment decision on a massive liquefied natural gas project in Mozambique and some work on oil discoveries off the coast of Guyana.The scope of the cuts exceeded the expectations of some analysts including those at Goldman Sachs...
