Ian Wyatt talks about how the COVD-19 pandemic has impacted the oil and energy sector and how the future looks like for these sectors. He dives deep into the fluctuation of prices in crude over the past months, why these changes are beyond the control of the Federal Reserve and the US government, and how the continuing downward slope can affect the US economy despite it being energy independent.
Warren Buffett hosted the Berkshire Hathaway (NYSE: BRK) annual meeting this weekend. The event – dubbed “Woodstock for Capitalists” – typically attracts 40,000 people every year. Yet this year’s meeting […]
President Trump is accusing a China lab of mistakenly releasing the coronavirus. “My opinion is they made a mistake. They tried to cover it, they tried to put it out,” […]
Rumors are flying around Silicon Valley: Apple’s 5G iPhone Will Cost $649 Apple iPhones are notoriously expensive. Yet the company is now planning a low-cost 5G iPhone. And it’s expected […]
Stocks are down for the second consecutive day. Yesterday Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) reported quarterly earnings. Both companies reported a decent quarter – given the Covid-19 outbreak […]
Shares of Apple are falling after the company reported quarterly results. Even the most valuable company isn’t immune to the coronavirus outbreak. The pandemic has hit the world’s most profitable […]
Two great American companies are bouncing back. Just released corporate earnings show stronger-than-expected results. And the outlook appears to be better than expected. Alphabet (NASDAQ: GOOG) and Facebook (NASDAQ: FB) […]
3.8 million: That’s how many new unemployment claims were filed last week. And it brings the total to more than 30 million unemployed in just six weeks. Many states are […]
News dropped Wednesday that U.S. gross domestic product fell 4.8% in the first quarter. The Commerce Department’s data painted a pretty grim picture; it shows drops in business activity pretty […]
A Covid-19 drug could be approved as early as tomorrow. The U.S. Food and Drug Administration (FDA) plans to announce approval of remdesivir for emergency use. Remdesivir is an experimental […]