News Formal

'The other bomb that's dropping' — Cramer's warning as first shale company files for chapter 11

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday, in what Jim Cramer said could be 'the first of many.'

Cramer noted that the industry remains key to the economy given the number of people it employs both directly and indirectly. "This is something that we have to keep an eye on, because when we start seeing the layoffs, some of the layoffs are going to bounce back, and some of them are not coming back at all," he said.

On Wednesday oil moved lower as Saudi Arabia increased its oil production to more than 12 million barrels per day, according to a report from Reuters, flooding the market during a time of unprecedented demand loss. As oil prices have tumbled, the United States has sought to intervene. On Tuesday U.S. Energy Secretary Dan Brouillette spoke to Russian Minister of Energy Alexander Novak, during which the two discussed the oil market.

 

コメントありがとうございます。コメントは審査後に公開されます。

This is good news. This sector is run by complete morons. A bunch of producers should go offline. They have no concept of supply and demand

Was never much more than a pump and dump industry. Too much money chasing too few available investment opportunities leads one to forego facts.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Microsoft 'might be the best tech stock in this market,' Jim Cramer saysDemand for cloud computing services has spiked during the coronavirus outbreak and Microsoft has been a 'huge beneficiary from the lockdowns,' the 'Mad Money' host said. Look to instructional design LMS systems companies. Blackboard, Desire2Learn, et al. GatesFoundation Microsoft will ride this thing out, solid, and at times like these solid is important ✌️👍
ソース: CNBC - 🏆 12. / 72 続きを読む »

Companies Offer Freebies to Health Care WorkersCompanies around the world are giving out free food, services, and products to health care workers who are risking their own lives to help others through the coronavirus pandemic. Thank you to all the nurses, drs,and all medical staff &first responders on our front lines of our healthcare system.
ソース: WebMD - 🏆 709. / 51 続きを読む »