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Economy, Investing

“Risky oil companies snap up $20bn in junk bond record”

“Lowly rated US energy companies that struggled for survival last year are finding renewed optimism among investors after a surge in oil prices, helping them raise a record amount of debt to fend off bankruptcy. Energy and power companies tracked… Continue Reading…

Predictions, Opinions, & Comments

Hope You listened: Zomedica Stock Jumps 20% & Penny Socks Up In General

If you didn’t catch my post yesterday it can be found here at the link below: REAL TIME UPDATE: ZOMEDICA IS SURGING. 9:44 EST Now that everyone has hopefully read the link I want to get to my main point.… Continue Reading…

Stocks

“Dillard’s jumps more than 20% after one of Buffett’s investing lieutenants discloses personal stake”

“Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange… Continue Reading…

Business

“Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business”

“Shares of Kraft Heinz were up 1% in afternoon trading after the company presented its long-term turnaround plan to investors. As its blueprint is implemented, the company is projecting long-term organic sales growth of 1% to 2% and adjusted earnings per… Continue Reading…

Business, Stocks

“Ambani’s Reliance to Offer $20 Billion Stake in Retail Arm to Amazon”

“Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held discussions about investing in the… Continue Reading…

Business

“TikTok likely to announce sale of U.S. operations in the coming days in $20 billion to $30 billion range”

“TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter. Kevin Mayer, TikTok’s CEO, announced his resignation Thursday after news of the announcement leaked… Continue Reading…

Business

“Men’s Wearhouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce”

“Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 stores that it could close “over time.” It did not disclose locations…… Continue Reading…

Stocks

“Tesla Stock Jumped 20%. It Makes No Sense.”

“Tesla shares rose almost 20% Monday, hitting another all-time high. The question is why? The move, frankly, baffled investment pros… But first a run down of recent numbers. They are incredible. Monday was the largest percentage increase in Tesla (ticker: TSLA) stock since May… Continue Reading…

Investing, Stocks

“Coronavirus fears could trigger a 10% to 20% selloff in the stock market: strategist”

“The economic wildcard that has become the coronavirus may not yet be done wreaking havoc on global stock markets. In fact, things could get much worse before they get better. “In a worst-case scenario, global equities could fall by as much as… Continue Reading…

Economy

“The Verdict Is In: Farm Bankruptcies Up in 2019”

“While well below historical highs, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails… Continue Reading…