The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
Investing
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor Howard Marks said there is a sharp disconnect between the stock market and the reality the world is facing amid the coronavirus outbreak. “We’re only down 15% from the all-time high of Feb. 19,” Marks, co-founder of Oaktree Capital Management, on CNBC’s “Halftime
Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the
Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp. Kiyoshi Ota | Bloomberg | Getty Images When casino company Las Vegas Sands announced that it was suspending its dividend, CEO Sheldon Adelson acknowledged that he was going against his own motto. “I am known for the phrase, ‘yay dividends!’, and I assure
From 2007 through 2019, I wrote the weekly Activist Spotlight column at Barron’s. I have now joined the CNBC team and will be writing the weekly update exclusively for CNBC readers. Due to the coronavirus crisis we have delayed the launch of this column, but we believe now is the right time to start focusing