Becky Quick said on CNBC’s “Options Action” that Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) sold some of its position in Delta Air Lines, Inc. (NYSE: DAL) and Southwest Airlines Co (NYSE: LUV). Berkshire’s stake in these companies was above 10% and it had to report any change within a few days, she said. Berkshire sold 12.9… Read More
G7 officials used to say that foreign exchange markets should be driven by fundamentals. It struck some as vacuous. What else could drive the largest part of the capital markets, a $6.6 trillion a day turnover prior to the crisis but macro? The challenge is really which macro factors should determine exchange rates. There seems… Read More
The Jean Luc Cornille lecture, “The New Seat” has been a favorite around the world and now is available online or on DVD. Eatonton, GA, April 04, 2020 –(PR.com)– Pertinent, factual, beautifully illustrated, the new seat raises the conversation with the horse to a new level. The rider position is not a posture. It is… Read More
NEW ORLEANS, April 03, 2020 (GLOBE NEWSWIRE) — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is investigating claims on behalf of investors of Luckin Coffee Inc. (NASDAQ:LK). Such investors are advised to contact KSF Managing Partner Lewis Kahn toll-free… Read More
Thyssenkrupp , Germany’s largest steelmaker, is cutting steel output and staff will work shortened hours as the coronavirus crisis is hitting the steel sector. “In light of the economic impact as a result of the corona crisis we are adjusting our production chain. This includes blast furnaces as well as processing,” a spokesman for Thyssenkrupp… Read More
Tampa, Fla., April 03, 2020 (GLOBE NEWSWIRE) — Ultimate Medical Academy (UMA), an accredited, nonprofit healthcare educational institution based in the Tampa Bay area, is donating its stock of medical supplies to emergency and healthcare staff working on the front lines of the COVID-19 pandemic. The first shipment included testing swabs and N95 masks to… Read More
Overview: Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices. In Asia, Korea and Indonesia bucked the trend to most minor gains. Europe is giving back yesterday’s gains, and the… Read More
The coronavirus pandemic is battering the global steel sector as huge swathes of industry that use steel shut down, with Europe hardest hit since steel demand and company margins were already anaemic before the crisis hit. While many factories in China are gradually cranking back up as the virus outbreak there eases, widespread closures are… Read More
The number of novel coronavirus (COVID-19) cases globally surged past 1 million late Thursday, according to data from Johns Hopkins University. New COVID-19 Cases Rise Daily At least 53,160 people have been confirmed dead around the world, and 211,775 have recovered. The United States remains the worst-affected country at 245,559 cases, more than twice than… Read More
NEW YORK and SAN DIEGO, April 02, 2020 (GLOBE NEWSWIRE) — Zentalis Pharmaceuticals, Inc. (NASDAQ:ZNTL), a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers, today announced the pricing of its initial public offering of 9,180,000 shares of common stock at a public offering price of $18.00… Read More
As SA jumps into action to contain Covid-19, huge economic fallout is inevitable. But SA’s hardy mining sector looks likely to emerge from the crisis in better shape than most. As the nationwide lockdown took effect on Friday, most mining operations, with the exception of some in essential coal, iron ore and other production, were… Read More
PITTSBURGH, April 02, 2020 (GLOBE NEWSWIRE) — Ansys (NASDAQ:ANSS) announced today that it issued an open letter to its investors amid the coronavirus disease 2019 (“COVID-19”) pandemic. The full text of the letter follows: April 2, 2020 To Our Valued Investors: It goes without saying that these are extraordinary times. Just as our hearts go… Read More
Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostly higher, with Japan and Australia the notable… Read More
Japanese power utility Tohoku and Australian coal producer Glencore have agreed on a price of $68.75/mt FOB for 6,322 kcal/kg GAR thermal coal shipments for delivery from this April to next March, market sources close to the matter said. The price was lower than their expectations of $70/mt, the sources said. The price agreement “has… Read More
Self-driving technology star Anthony Levandowski has filed a motion to get Uber Technologies Inc. (NYSE: UBER) into an arbitration, Bloomberg reported Wednesday. What Happened The arbitration is related to the trade secret-theft dispute with Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and the engineer is demanding $180 million in compensation for a lost bonus and legal… Read More
OKLAHOMA CITY, April 1, 2020 /PRNewswire/ — OGE Energy Corp. (NYSE:OGE) announced today its support of the recent decision by Enable Midstream Partners, LP (NYSE:ENBL) to increase its annualized retained cash flow by approximately $450 million. OGE also reconfirmed the strength of its own balance sheet, credit metrics and liquidity position. OGE expects distributions of approximately… Read More
State-run Ukrainian grain firm DPZKU has around 100,000 tonnes of wheat in stock and is ready to ensure domestic needs for flour are met amid a surge in demand caused by the coronavirus pandemic, the company said on Tuesday. Ukrainian bakers and millers last week asked the government to limit exports of grain and related… Read More
[unable to retrieve full-text content] Zach Strickland examines capacity loosening quickly at the end of March in the Carrier Update … Full story available on Benzinga.com Source: benzinga.com
In March, the G10 and many emerging market countries, governments, and central banks unveiled large emergency measures. The motivation is to blunt the economic impact of the novel coronavirus that has seen more than two billion people around the world have their movement restricted. Large swathes of the world’s economy have shut down. The nature of… Read More
Tuesday’s data from the U.S. government will indicate how much corn and soybeans were stored in the United States at the halfway mark of the 2019-20 year. Even though analysts see those volumes down substantially from last year, there are speed bumps that may prevent those stockpiles from continuing to dwindle as much as some… Read More