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Many airlines will go bankrupt by the end of May unless governments rescue them, warned the Centre for Aviation. The Australia-based research firm that specializes in the aviation and travel industry said that many airlines are already technically bankrupt, which means that they have started to default, partially or entirely, on their corporate bonds or…
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United Airlines (NASDAQ: UAL) chief executive Oscar Munoz (pictured) in a stark warning to staff said demand for air travel is “essentially at zero” and laid the ground for job cuts. The third-largest US airline flew less than 200,000 people in the first two weeks of April, a 97% drop from the more than 6…
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How to trade derivatives online.
Learn about the different types of derivatives, online brokerages that support derivative trading and the best derivative trading strategies here…
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Exxon Mobil (NYSE: XOM) raised $9.5bn of debt just after raising $8.5bn less than a month ago to boost its cash reserves, amid a global cut of 9.7 million barrels a day oil a day which aims to lift prices. However, oil prices have made only small movements with traders saying the cut should have…
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Regardless of your level of experience in trading, the time frame on which you choose to trade can significantly impact your trading strategy and returns. The debate on what time frame is best for trading is never-ending. One popular style of trading that you should consider is known as swing trading. What is swing trading…
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The collapse in oil demand, caused by a price war and the coronavirus pandemic, has left oil producers facing the possibility of being forced to give crude away as they run out of space to store an unprecedented glut of crude. The price war between Saudi Arabia and Russia has led to an increase in…
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Embattled Occidental Petroleum may choose to pay its backer, Warren Buffett’s Berkshire Hathaway, more than $800m in annual dividends in stock rather than in cash, according to analysts. The $10bn deal with Berkshire Hathaway, the investment firm founded by billionaire Buffett, in oil venture Occidental Petroleum has run into tough times. The original deal helped…
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The Justice Department has launched a probe into a series of stock sales made by lawmakers ahead of the market downturn due to the coronavirus outbreak. The investigation will determine whether several senators from both parties sought to profit from the information they obtained in private briefings about the pandemic. The Securities and Exchange Commission…
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Copper is an essential commodity to the world’s growth and to the development of our society. Copper is not only used in electrical equipment such as wiring and polls but also in construction, plumbing, industrial machinery, and motors. It is estimated that the discovery of copper dates from around 9000 BC, and therefore, you won’t…
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Chevron (NYSE: CVX) stock price recovered more than 30% since chief executive Michael Wirth (pictured) said “the dividend is the number one priority and its very secure” on Tuesday. The $2trn stimulus package along with a small improvement in oil prices contributed to the share price gains over the last three days. Meanwhile, market analysts…
