By TicketIQ With the Las Vegas Raiders announcing that they will be playing their 2020 home games at Allegiant Stadium without fans, we thought it would be interesting to see the estimated ticket market value loss for those games. The estimate is based on the secondary market value before the recent announcement *number of seats* […]
Home »
Oil giant BP swings to a $17 billion loss and slashes its dividend for the first time in a decade as coronavirus turns the energy sector upside down
Reuters Energy giant BP reported a loss of $16.8 billion for the second quarter as it continues to battle the coronavirus pandemic’s existential threat to the oil industry. The UK-based company’s overall loss included a $10.9 billion impairment charge related to the pandemic. BP cut its dividend by 50% to 5.25 cents from 10.5 cents, […]
California Lockdown’s Job Losses Spell Trouble for the Nation
In this article California’s second round of coronavirus-related shutdowns, among the nation’s strictest measures, are already causing pain for the most populous state’s labor market and portend a deterioration in the overall U.S. employment picture for July. When Governor Gavin Newsom announced on July 13 that indoor operations at businesses including salons and gyms would […]
BP reports second-quarter loss after major write downs, halves dividend
The company also announced that it had halved its dividend to 5.25 cents per share for the quarter, compared to 10.5 cents per share for the first three months of the year. Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations […]
London Traders Hit $500 Million Jackpot When Oil Went Negative
SHARE THIS ARTICLE On April 20 the price of a barrel of oil for delivery the following month plummeted $40 in an hour, settling at –$37. It was the first time crude had ever crossed into negative territory. Regulators, oil executives, and investors have struggled to understand how a commodity at the heart of almost […]
Banking & Payments for Gen Z Report: The winning strategies for attracting the next big opportunity — Generation Z
This is a preview of the Business Insider Intelligence Banking and Payments for Gen Z premium research report. Purchase this report here. Business Insider Intelligence offers even more banking coverage with our Banking Briefing. Subscribe today to receive industry-changing financial news and analysis to your inbox. Generation Z, defined as customers born between 1996 and […]
Shale Driller Unloading Gas Fields for Pennies on the Dollar
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range agreed to sell the assets acquired in its 2016 takeover of Memorial Resource Development Corp. to Castleton Resources LLC for $245 million, according […]
Fauci Says Face Shields Good Idea for Teachers Back in Schools
In this article Children ages 10 to 19 can spread Covid-19 as easily as adults, and it might be a good idea for teachers to wear face shields if they return to the classroom, Anthony Fauci said in an interview Monday. Fauci, director of the National Institute of Allergies and Infectious Diseases, said data clearly […]
Warren Buffett’s Apple stake has tripled in value to more than $100 billion
Lucas Jackson/Reuters Warren Buffett’s Apple investment has tripled in value to north of $100 billion. Buffett’s Berkshire Hathaway spent about $35 billion to build the 5.7% stake, and the 10% rise in Apple’s stock price on Friday boosted its value to about $104 billion. Berkshire’s Apple position is now worth more than four times its […]
Oldest US Department Store Lord & Taylor Files For Bankruptcy Protection
Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March […]