has climbed over 25% from a March low, powered by trillions of dollars in stimulus, but still remains nearly 17% below its record high amid fears of the biggest economic slump since the Great Depression.
Dismal 2020 forecasts from big U.S. banks kicked off the first-quarter U.S. corporate earnings season and major companies have since announced dividend cuts and withdrawn financial outlooks. Coca-Cola Co provided the latest evidence of the damage wrought by the pandemic, saying its current-quarter results would take a severe hit from low demand for sodas.
Among other Dow components, International Business Machines Corp slid 4.9% after the company withdrew its 2020 annual forecast late on Monday.
Source: News Formal (newsformal.com)
Love it 😍 all those assholes on Wall Street will be jumping out of windows soon! And trump will blame the governor’s in dem states for that too! He should be locked up now
Time to get off that crude and look to the future for sustainable energy. We can’t suck on the oil tit forever.
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Explainer: What is a negative crude future and does it mean anything for consumers?The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity. paid at the pump Yeah it wouldn't matter to citizens. The true consumers
Source: Reuters - 🏆 2. / 97 Read more »
Explainer: What is a negative crude future and does it mean anything for consumers?The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity. well for one AOC, she is glad for this oil market crash... Americans losing jobs It means some Congressmen may get laid off from ExxonMobil.
Source: Reuters - 🏆 2. / 97 Read more »
Global Stocks Drop as Turmoil Grips Oil MarketS&P 500 futures fell alongside international stocks, after U.S. crude-oil futures plunged below zero for the first time in the latest bout of market turbulence sparked by the global coronavirus pandemic. Damn, buying a barrel of oil is going to cut into my bubblegum money. what's up with the guy in the eyepatch 🤨 I’d love to discuss the fundamentals of this. Most out of ground is sold and hedged. The responsible ones I’ve heard at $58
Source: WSJ - 🏆 98. / 63 Read more »
Global Stocks Drop as Oil Market ShuddersU.S. stock futures slid amid a chaotic rout in oil markets in the latest bout of turbulence sparked by the coronavirus pandemic. Just to note: Saudi running deficits now, Norway huge deficit, US defaults will explode. This is not normal. And like in 2008 when I always highlighted risk of banks.This time there are other things to watch. But equities always slow to react.This will lead to global consequences Who has benefited? What's next! War? What is the futures oil price 3 months out? All will be OK.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Stock Futures Slip as Volatility Edges HigherU.S. stock futures slid as investors remain at odds on the extent of the economic damage stemming from the coronavirus pandemic and how quickly businesses will recover. An interesting opinion. Its better to keep silent. Looks like the markets are starting to rollover.. No shit
Source: WSJ - 🏆 98. / 63 Read more »
U.S. crude futures up over $20, but still trade in negative territoryU.S. crude oil jumped over $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic. Price fixing under criminal trump administration. Wow. If you can store it you’ll be paid to buy it. Bargain.
Source: Reuters - 🏆 2. / 97 Read more »