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Oil tankers that were sailing toward Venezuela have turned around and others have left the country's waters as the United States considers blacklisting dozens of ships for transporting Venezuelan oil, according to shipping data and industry sources. Chinese oil firms are considering whether to decline to charter any tanker that has visited Venezuela in the past year, no matter where the ship is now or for what voyage, four shipping sources told Reuters on Tuesday. Washington is seeking to oust the socialist government of President Nicolas Maduro by choking the oil exports that provide its main source of income....
Epistrophy Capital Managing Member Cory Johnson joins Yahoo Finance’s On The Move to discuss how cryptocurrencies are faring amid the pandemic....
Have you bought your RV yet for the summer? Everyone is doing it, suggests Thor Industries CEO Bob Martin....
(Bloomberg) -- It has some competition, but no stock on the auto sector is a better reflection of the equity market’s recent exuberance than Nikola Corp.The aspiring battery-electric and hydrogen fuel-cell truck maker debuted on the Nasdaq last week following a reverse merger and its stock quickly took off, doubling on Monday and rising another 28% shortly after Tuesday’s open. Trading was halted twice within the first 40 minutes due to volatility, with the shares plunging as much as 22%. They were back up almost 8% as of noon in New York.The $34 billion market capitalization Nikola had at the intraday peak belies the company’s fundamentals. Nikola is forecasting zero revenue for 2020 and its first $1 billion year in 2023. It doesn’t expect to be fully utilizing an Arizona assembly plant that it hasn’t built yet until 2028.And yet Ford Motor Co., which is expected to report about $115 billion...
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]...
Nikola shares have been on fire since their recent debut on the Nasdaq. founder Trevor Milton tells Yahoo Finance why....
