Another 853,000 Americans filed for jobless claims last week (SPY 0.2%). Investors watching the FDA s meeting on Pfizer s Covid-19 vaccine and talks in Washington around stimulus.
Here is the current market situation from CNN Money
European markets are mixed. The FTSE 100 is higher by 0.59%, while the CAC 40 is leading the DAX lower. They are down 0.25% and 0.11% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Was Buffett Right About Energy In 2020? Every time Berkshire Hathaway founder and CEO Warren Buffett buys or sells a stock, the investing world tends to sit up and take notice. Thats mainly because the Oracle of Omaha has a better investing track record than your average hedge fund, managing to outperform the S&P 500 in 37 of the past 55 years, or about two-thirds of the time. Buffett made his foray into the energy sector 18 years ago when Berkshire bought a $500 million stake in PetroChina Co. (NYSE:PTR) before selling it five year
Investor calls on Exxon to cut spending
Scott Deveau, Bloomberg
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D.E. Shaw & Co. has built a sizable position in ExxonMobil Corp. and is calling on the company to cut spending to improve performance and maintain its dividend, according to people familiar with the matter.Andrew Harrer/Bloomberg
(Bloomberg) D.E. Shaw & Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut spending to improve performance and maintain its dividend, according to people familiar with the matter.
D.E. Shaw on Tuesday sent a letter to Exxon arguing that changes are needed because the oil major has consistently underperformed rival Chevron Corp., said the people, who asked not to be identified because the details are private. D.E. Shaw believes Exxon is overspending, and that its current path is unsustainable and puts its dividend at risk, they said.
State Comptroller Continues Move To Sell Off Fossil-Fuel Stocks thechiefleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thechiefleader.com Daily Mail and Mail on Sunday newspapers.
New York Plays Politics with Pension-Fund Money yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.