- Finance
Raytheon Receives Buy Rating From UBS on Strong Defense Cash Flow
Raytheon Technologies' defense business cash flow 'should provide a solid fortress of cash flow' in light of uncertainty caused by the coronavirus pandemic.
FinanceBenzingaCoronavirus Takes Aim At North American Rail Traffic
North American rail traffic continues to tumble, pressured by significant drops in consumer activity as the COVID-19 pandemic takes hold globally.North American rail volume for the week ending last Saturday slipped 16.1% to 596,710 carloads and intermodal units, compared with the same period in 2019,
FinanceReutersFed's response: pandemic downturn vs financial crisis
The economic dislocation caused by the coronavirus crisis is unfolding with breathtaking speed. Below is a timeline of U.S. monetary policy responses to the last financial crisis and to the current pandemic. From the first crisis-fighting interest rate cut to zero rates, the Fed took 15 months in the
- FinanceInvestor's Business Daily Video
Medical Sector In Focus Amid Testing, Treatment & Vaccine Efforts
All hands are on deck in the medical sector amid the scramble for testing, treatments and vaccines for Covid-19. IBD tech reporter Allison Gatlin provides a detailed investor overview.
FinanceAmerican City Business JournalsHarley-Davidson to hold virtual annual meeting, acting CEO says More Roads plan is working
Amid the instability of the COVID-19 pandemic, Harley-Davidson Inc.'s acting president and CEO Jochen Zeitz reflected back on the advancements made in the More Roads to Harley-Davidson strategy in 2019.
FinanceUSA TODAYStocks rise as Bernie Sanders drops out of US presidential race
Stocks rose Wednesday after Sen. Bernie Sanders dropped out of the U.S. presidential race, adding to gains as hopes grew the number of coronavirus cases were beginning to fall.
FinanceReutersIMF chief says pandemic will unleash worst recession since Great Depression
The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said. IMF Managing Director Kristalina Georgieva
- FinanceYahoo Finance Video
Drizly's alcohol sales surge amid COVID-19 crisis
Alcohol sales are booming in the midst of the COVID-19 pandemic. Drizly Co-Founder & CEO Cory Rellas joins Yahoo Finance’s On The Move to weigh in on why the alcohol delivery service is in high-demand.
- FinanceMarketWatch
Cruise stocks rally to extend recent rocket ride; Instinet analyst sees 'turning point' in Q1 2021
Shares of cruise operators rallied again Wednesday, with Royal Caribbean Cruises Ltd. leading the way higher in afternoon trading. Royal Caribbean's stock ran up 10.4%, after rocketing 37.6% the over the previous two days; Carnival Corp. shares surged 5.0 after soaring 41.8% over the previous three
FinanceMarketWatchAmid the coronavirus pandemic, how healthy are hospitals backed by municipal bonds?
The business of hospitals in the U.S. municipal sector may wind up just as strained as the hospital wards it helps finance.
FinanceMarketWatchCostco’s March sales slowdown due to social distancing likely hit other retailers too, analysts say
Costco reported March same-store sales growth, but results were hampered by policies put in place to combat the coronavirus pandemic.
- FinanceReuters
GLOBAL MARKETS-Asian stocks gain on hopes pandemic is approaching peak
Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6%, following
FinanceAmerican City Business JournalsStock market news live updates: Stocks rally, S&P posts best week in 46 years after Fed rides to the rescue with new stimulus
- Stocks cut earlier losses from the overnight session and opened higher Thursday after the Federal Reserve unexpectedly unleashed a new multi-trillion-dollar stimulus plan to support businesses during the coronavirus pandemic.
- NewsMeredith Videos
Watch: Supermoon Rising Over Swiss Alps
- A supermoon rises over the Swiss Alps on Tuesday evening.
- FinanceMarketWatch
Newmont's stock soars toward 7 1/2-year high after bullish call from analyst, gold price rallies
- Shares of Newmont Corp. soared 11% toward a 7 1/2-year high in afternoon trading Thursday, after J.P. Morgan called the gold miner a "rare find" in an industry that can often struggle to replace reserves. Analyst Tyler Langton initiated coverage of Newmont with an overweight rating $61 stock
FinanceAssociated Press
Trump-Biden election off-limits for US bettors (so far)
- Double down on Donald, or bet big on Biden? Plenty of Americans would like the chance to place a bet on the upcoming presidential election (and sports books would love to take their money), but so far, it is not legal anywhere in the country. It actually was permitted for about an hour in West Virginia
- FinanceFinancial Times
Investors should ask who will buy all of this new US government debt
- Once upon a time, a whole two months ago, Jim Cramer, the hyperactive American television host, was famous for his love of free markets and equities. Now, he has a new focus: persuading Donald Trump’s White House to issue “war bonds” to fund the fight against Covid-19. Will Mr Trump listen?
FinanceReuters
GLOBAL MARKETS-Global stocks gain on hopes pandemic is reaching peak
- Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. European stock markets gained for a fourth straight day, with investor
NewsAssociated Press
Congress in standoff on virus aid, but first checks coming
- Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local governments. An attempt
- FinanceBloomberg
The Politics of 2020 Are Looking Less Ominous for Tech
- (Bloomberg) -- There has been concern for months in Silicon Valley that the eventual Democratic presidential candidate would be someone who wanted to break up large technology companies. Bernie Sanders’s decision Wednesday to end his campaign effectively ends that scenario, leaving a presumptive nominee—former
FinanceAmerican City Business Journals
Snap is hiring hundreds amid the coronavirus crisis
- Snap Inc. is hiring despite the coronavirus. The Santa Monica, California-based social media company is looking to fill key roles across all of its teams in its offices around the world, including its headquarters in Los Angeles; London; Odessa, Ukraine; and others. In particular, the company is hiring
NewsTime
Bernie Sanders Ends His 2020 Presidential Campaign
- Vermont Senator Bernie Sanders dropped out of the 2020 Democratic presidential race on Wednesday, effectively ending a primary in which he once appeared poised to…
- FinanceYahoo Finance Video
UBS downgrades UPS on reduction in earnings
- Yahoo Finance’s Emily McCormick joins Seana Smith to discuss why analysts at UBS downgraded their rating on UPS amid the coronavirus pandemic.
FinanceMarketWatch
Asset manager Unigestion warns of a huge selloff forecasting a global financial crisis-level recession
- Unigestion told investors that, in a base-case scenario, the coronavirus crisis would cause a 3.6% economic contraction in the eurozone and a 2.9% contraction in the U.S. for the year 2020.
FinanceReuters
U.S. bank results to focus on looming loan losses during coronavirus
- Analysts and investors have been struggling to come up with an answer – or at least a reasonable guess – ahead of quarterly reports from JPMorgan Chase & Co , Bank of America Corp , Wells Fargo & Co , and Citigroup Inc next week. Wall Street estimates have changed dramatically from a month ago. Then
FinanceInsider Monkey
Ladder Capital Corp (LADR): Are Hedge Funds Right About This Stock?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- FinanceBloomberg
Cisco CEO Tells Staff Jobs Are Safe, Urges Others to Avoid Cuts
- (Bloomberg) -- Cisco Systems Inc. Chief Executive Officer Chuck Robbins said he’s told staff not to worry about losing their jobs and urged other companies to follow his example when possible.“We’re actively involved in the community trying to help people who’ve been impacted by this, why would we contribute
A drugstore chain with several locations in the Dayton region has announced a mass hiring spree to meet increased demand amid the COVID-19 pandemic. Rite Aid, a Fortune 500 company headquartered in Pennsylvania, is immediately hiring 5,000 full- and part-time associates. Positions include cashiers,
FinanceYahoo FinanceStock market news live updates: Stocks rally, S&P posts best week in 46 years after Fed rides to the rescue with new stimulus
Stocks cut earlier losses from the overnight session and opened higher Thursday after the Federal Reserve unexpectedly unleashed a new multi-trillion-dollar stimulus plan to support businesses during the coronavirus pandemic.
- NewsMeredith Videos
Watch: Supermoon Rising Over Swiss Alps
A supermoon rises over the Swiss Alps on Tuesday evening.
- FinanceMarketWatch
Newmont's stock soars toward 7 1/2-year high after bullish call from analyst, gold price rallies
Shares of Newmont Corp. soared 11% toward a 7 1/2-year high in afternoon trading Thursday, after J.P. Morgan called the gold miner a "rare find" in an industry that can often struggle to replace reserves. Analyst Tyler Langton initiated coverage of Newmont with an overweight rating $61 stock
- FinanceAssociated Press
Trump-Biden election off-limits for US bettors (so far)
Double down on Donald, or bet big on Biden? Plenty of Americans would like the chance to place a bet on the upcoming presidential election (and sports books would love to take their money), but so far, it is not legal anywhere in the country. It actually was permitted for about an hour in West Virginia
- FinanceFinancial Times
Investors should ask who will buy all of this new US government debt
Once upon a time, a whole two months ago, Jim Cramer, the hyperactive American television host, was famous for his love of free markets and equities. Now, he has a new focus: persuading Donald Trump’s White House to issue “war bonds” to fund the fight against Covid-19. Will Mr Trump listen?
- FinanceReuters
GLOBAL MARKETS-Global stocks gain on hopes pandemic is reaching peak
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. European stock markets gained for a fourth straight day, with investor
- NewsAssociated Press
Congress in standoff on virus aid, but first checks coming
Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local governments. An attempt
- FinanceBloomberg
The Politics of 2020 Are Looking Less Ominous for Tech
(Bloomberg) -- There has been concern for months in Silicon Valley that the eventual Democratic presidential candidate would be someone who wanted to break up large technology companies. Bernie Sanders’s decision Wednesday to end his campaign effectively ends that scenario, leaving a presumptive nominee—former
- FinanceAmerican City Business Journals
Snap is hiring hundreds amid the coronavirus crisis
Snap Inc. is hiring despite the coronavirus. The Santa Monica, California-based social media company is looking to fill key roles across all of its teams in its offices around the world, including its headquarters in Los Angeles; London; Odessa, Ukraine; and others. In particular, the company is hiring
- NewsTime
Bernie Sanders Ends His 2020 Presidential Campaign
Vermont Senator Bernie Sanders dropped out of the 2020 Democratic presidential race on Wednesday, effectively ending a primary in which he once appeared poised to…
- FinanceYahoo Finance Video
UBS downgrades UPS on reduction in earnings
Yahoo Finance’s Emily McCormick joins Seana Smith to discuss why analysts at UBS downgraded their rating on UPS amid the coronavirus pandemic.
- FinanceMarketWatch
Asset manager Unigestion warns of a huge selloff forecasting a global financial crisis-level recession
Unigestion told investors that, in a base-case scenario, the coronavirus crisis would cause a 3.6% economic contraction in the eurozone and a 2.9% contraction in the U.S. for the year 2020.
- FinanceReuters
U.S. bank results to focus on looming loan losses during coronavirus
Analysts and investors have been struggling to come up with an answer – or at least a reasonable guess – ahead of quarterly reports from JPMorgan Chase & Co , Bank of America Corp , Wells Fargo & Co , and Citigroup Inc next week. Wall Street estimates have changed dramatically from a month ago. Then
- FinanceInsider Monkey
Ladder Capital Corp (LADR): Are Hedge Funds Right About This Stock?
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- FinanceBloomberg
Cisco CEO Tells Staff Jobs Are Safe, Urges Others to Avoid Cuts
(Bloomberg) -- Cisco Systems Inc. Chief Executive Officer Chuck Robbins said he’s told staff not to worry about losing their jobs and urged other companies to follow his example when possible.“We’re actively involved in the community trying to help people who’ve been impacted by this, why would we contribute
- ism, suggestions to Trump admin.NewsAssociated Press Videos
Biden gives criticism, suggestions to Trump admin.
Democratic presidential candidate Joe Biden said during a virtual townhall event that much of the pain caused by the coronavirus pandemic could have been avoided by "swift" action, but added that all the help reveals the "soul of America." (April 8)
- FinanceMarketWatch
GM downgraded at Deutsche Bank, citing liquidity concerns from COVID-19-related shutdowns
General Motors Co. was downgraded Wednesday to hold from buy at Deutsche Bank, with analyst Emmanuel Rosner citing worries about liquidity in the face of COVID-19-related production shutdowns. He slashed his stock price target by 39%, to $25 from $41. He also cut his stock price target for Ford Motor
- Finance
The Dow Gained 286 Points Because the Fed Stepped Up Again
Stocks gave up some ground but still ended with gains. The central bank announced more support, and Pfizer said it may have a candidate to treat Covid-19.
FinanceMarketWatchAT&T in the age of COVID-19: A strong wireless business, and a bunch of question marks
Wireless customers are unlikely to cancel their cellphone plans even as the COVID-19 outbreak shakes the global economy, but AT&T Inc. has a few other things to worry about.
- FinanceFinancial Times
US executives rush in record numbers to ‘buy the dip’
Executives at big US companies bought their own stock in record numbers last month, capitalising on a sharp drop in equity prices and injecting optimism into a market rally that has since gathered momentum. The purchases came from 994 executives, a record in data running back to 1990.
FinanceReutersCanada bank CEOs see bigger economic challenge from coronavirus pandemic than financial crisis
The coronavirus pandemic's economic impact on Canada will be broader and more challenging than the 2008-09 financial crisis, with the recovery likely to take longer than expected, chief executives of the country's two major banks said on Wednesday. "This is much more severe than the financial
- Capsule CEO Expects to Retain Prescription Delivery Customers After Health CrisisFinanceBloomberg
Capsule CEO Expects to Retain Prescription Delivery Customers After Health Crisis
Apr.09 -- Eric Kinariwala, chief executive officer of direct-to-consumer pharmacy Capsule, believes that pharmacy delivery is here to stay, even after stay-at-home orders are lifted. He spoke to anchor Taylor Riggs on "Bloomberg Markets."
NewsPA Media: World NewsTwitter founder commits £812 million to fight pandemic
The money will later be used to address issues with girls' health, Jack Dorsey said.
FinanceAmerican City Business JournalsClinical trials in the age of COVID: Shelter-in-place, hospital restrictions cause drug study delays
In the span of eight days last month, CytomX Therapeutics Inc. landed a collaboration with Astellas Pharma and captured a $40 million milestone payment from AbbVie Inc. as it preps for a mid-stage cancer clinical trial. “It’s a challenging time for our industry,” said CytomX President and CEO Sean McCarthy
- FinanceBloomberg
Federal Reserve’s Fallen Angel Bond Buying Won’t Catch Them All
(Bloomberg) -- The Federal Reserve is throwing a lifeline to some companies that have suddenly dropped into risky junk debt after expanding its corporate bond-buying program to include fallen angels. But it won’t catch every one.The central bank will now buy debt of companies that were investment-grade
FinanceFox BusinessBank bureaucracies continue to taint coronavirus small business relief options, leave many on the curb
FOX Business interviewed nearly a dozen small business owners about the government's virus-related small business loan program – intended to give these companies access to cheap capital until the worst of the pandemic is over and the economy can recover. Their stories are strikingly similar.
FinanceAmerican City Business JournalsCoronavirus pandemic expected to create lasting impact on retail industry even after volatility subsides
Some businesses simply will not be able to withstand three or more months of no revenue, said Matt Parsons, senior vice president with JLL.
- FinanceReuters
WRAPUP 2-Canada bank CEOs see bigger economic challenge from coronavirus pandemic than financial crisis
The coronavirus pandemic's economic impact on Canada will be broader and more challenging than the 2008-09 financial crisis, with the recovery likely to take longer than expected, chief executives of the country's two major banks said on Wednesday. "This is much more severe than the financial
- FinanceBloomberg
Ultra-Wealthy Pull Cash From Mansions to Buy Beaten-Down Assets
(Bloomberg) -- From London townhouses to Parisian apartments, some of the world’s richest homeowners are turning to their real estate holdings to access cash.Enness, a mortgage broker that caters to the wealthy, said more clients are seeking loans backed by real estate to help them repay other debt,
- FinanceBloomberg
Hong Kong’s Richest Man Made Early Zoom Bet That’s Now Worth $3 Billion
(Bloomberg) -- Li Ka-shing built Hong Kong’s biggest fortune on old-fashioned real estate and infrastructure. It’s a bet on technology that’s paying off in the current crisis.Li, called “Superman” by his admirers, was an early investor in Zoom Video Communications Inc. and owns about 8.6% of the San
- Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEOFinanceBloomberg
Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO
Apr.09 -- Marc Allera, chief executive officer at BT Consumer, discusses the demand he’s seeing for the company’s services, the launch of 5G and paying dividends. He speaks on “Bloomberg Markets: European Open.”
FinanceMarketWatchStarbucks’ U.S. declines are deeper than some analysts expected; others fear customers won’t spend the way they used to
Starbucks says it’s using China as a blueprint for recovery in the U.S., where same-store sales slid into negative territory in the fiscal second-quarter due to COVID-19.
FinanceReutersAir Canada to use government subsidies to keep employees on payroll
The Canadian government recently unveiled a wage subsidy program, known as the Canada Emergency Wage Subsidy (CEWS), that would cover up to 75% of the workers' wages for employers of all sizes who had suffered revenue declines of 30% or more due to the pandemic. Prime Minister Justin Trudeau said
FinanceBloombergJim Chanos Says Tesla Should Trade Like a Carmaker, Not Tech Company
(Bloomberg) -- Short seller Jim Chanos predicted Tesla Inc. will lose money again this year and believes investors will eventually trade the stock more like a carmaker than a tech company.“It has to lay people off like a car company, not like a Silicon Valley software company,” Chanos, the president
- FinanceReuters
Germany's short-time work fix offers Europe a crisis model
A tried-and-tested German model of sending workers home in exchange for job guarantees during downturns could help the European Union limit the damage from the coronavirus pandemic. EU ministers voiced support in principle on Tuesday for a plan to raise 100 billion euros ($109 billion), against 25 billion
FinanceFX EmpireE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Set Up for Bearish Closing Price Reversal Top
Based on the early price action and the current price at 8220.50, the direction of the June E-mini NASDAQ-100 Index the rest of the session on Thursday is likely to be determined by trader reaction to the uptrend Gann angle at 8016.00 and the major 50% level at 8304.75.
- FinanceMarketWatch
Chesapeake sets reverse stock-split shareholder meeting for Monday
Chesapeake Energy Corp. said late Thursday it has set a special shareholder meeting to approve the details of its reverse stock split. The meeting will be held Monday, the natural-gas producer said. The company's reverse stock split proposal includes ratios between one for 50 shares and one for
FinanceYahoo FinanceStop trying to figure out the shape of the recovery: BMO strategist
Investors are “way too enthralled” with trying to figure out what the shape of a recovery will look like, says one BMO strategist.“Stop trying to figure out whether or not it’s an ‘L’ or ‘V,’ and just let the market and the companies come back and get back to business,” Brian Belski, chief investment
FinanceReutersU.S. senator to liquidate individual stock shares after coronavirus flap
U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak. Loeffler, who was appointed to her Senate seat in January by
FinanceBloombergOccidental Seeking Federal Lifeline For U.S. Oil Industry
(Bloomberg) -- Occidental Petroleum Corp. wants U.S. government financial aid for the oil industry even as the biggest producer of Permian Basin crude urges Texas regulators not to interfere with market forces.In a sign of how important the appeal is to Chief Executive Officer Vicki Hollub, employees
FinanceReutersSaudi Arabia buys stakes in four big European oil firms - source
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes in four major European oil companies, a source familiar with the transaction said. The four are Royal Dutch Shell , France's Total , Norway's Equinor and Italy's Eni , the source said, confirming
FinanceBloombergJPMorgan Fires Credit Trader and Cuts Staff Bonuses for WhatsApp Use
(Bloomberg) -- JPMorgan Chase & Co. punished more than a dozen traders for using WhatsApp at work, firing one and cutting bonus payments for the rest.Edward Koo, who had spent almost 20 years at the firm and was put on leave in January, was formally dismissed after JPMorgan concluded he broke company
- WPP Can't Rule Out Job Cuts Amid Virus Pandemic, CEO SaysFinanceBloomberg
WPP Can't Rule Out Job Cuts Amid Virus Pandemic, CEO Says
Apr.08 -- WPP Chief Executive Officer Mark Read says the company will protect as many jobs as possible during the coronavirus outbreak but admits "tougher measures" like job cuts can't be ruled out. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
FinanceInsider MonkeyHertz Global Holdings, Inc. (HTZ): Are Hedge Funds Right About This Stock?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
FinanceFX EmpireGold Price Prediction – Prices Rally on Fed New Facility
Gold prices surged higher on Thursday following an announcement by the Federal Reserve that they would increase their programs to support small businesses. Yields moved lower helping to buoy the yellow metal after the Labor Department reported a larger than expected increase in US jobless claims. This
FinanceMarketWatchThese bargain bank stocks may emerge from the coronavirus crisis as big winners
With the U.S. economy set to contract severely this quarter amid the COVID-19 lockdown, bank stocks as a group have fallen much more than the broader market. On April 7, David Konrad, a managing director and analyst at D.A. Davidson, and Ian Lapey, a portfolio manager at Gabelli, discussed in interviews
Biggest Transfer of Wealth in US History
Biggest Transfer of Wealth in US History Has Begun
A Maryland multimillionaire says the biggest legal transfer of wealth in American history has just gotten underway—here’s
1step you must take.Stansberry Research- Business
Tesla Registers Record March Sales in China
While overall passenger car sales were down by more than 40% in China as compared to the same period last year, Tesla managed to eke out fabulous sales figures. Overview of the month The electric vehicle maker sold a total of 10,160 units in the world's hottest car market in March, as per the China Passenger Car Association. This was a big jump from 3,900 vehicles sold in February and 3,563 units sold in January.
BusinessBloombergSaudi Crude Oil Armada Heads for U.S.
On the final day of March, the supertanker Newton, loaded with crude from Saudi Arabia, did something rarely seen in the world of oil trading: it abruptly diverted from its original destination, Egypt, setting sail for the U.S. Gulf Coast instead. The Newton is just part of a flood of Saudi crude that's headed for the U.S., with oil prices near the lowest levels in almost two decades. And it occurs as President Trump's administration considers tariffs on imports of oil from OPEC's largest producer.
- PoliticsWSJ
Bernie Sanders Drops Out of 2020 Presidential Race
Bernie Sanders announced Wednesday he will end his run for the Democratic nomination, leaving former Vice President Joe Biden as the party's presumptive nominee for the 2020 election. Photo: Etienne Laurent/Shutterstock
25 Stocks You should Sell Immediately
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1stock picker has been predicting winners, as well as losers, for more than a decade and today he's revealing his 25 stocks to sell now.InvestorPlace
BusinessBenzingaOil Prices Rise, Fall As Russia, Saudi Arabia Agree On Output Cuts
Oil prices briefly traded higher on Thursday after OPEC+ members, including Russia and Saudi Arabia, reached a preliminary deal to cut oil output. The deal is to cut oil production by 10 million barrels per day for two months beginning May 1, according to Amenda Bakr, deputy bureau chief at Energy Intel. The oil producers would then cut production by 8 million barrels per day from July to December and 6 million barrels per day for the period of January 2021 to April 2022.
BusinessMarketWatchStocks will revisit their coronavirus crash low, and here’s when to expect it
My study of past bear markets revealed a number of themes, each of which points to the March low being broken in coming weeks or months. While the market's rally since its March 23 low has been explosive, it's not unprecedented. Since the Dow Jones Industrial Average (DJIA) was created in the late 1800s, there have been 38 other occasions where it rallied just as much (or more) in just as short a period — and all of them occurred during the Great Depression.
BusinessMarketWatchBillionaire Mark Cuban explains how stock-market bears feel about bulls: ‘I don’t think they are really factoring in what they are going to see on the other side’ of coronavirus
Long term, I'm hopeful; short term, I'm uncertain,” he told the business channel. The disease, which was first identified in Wuhan, China, in December and has infected nearly 1.5 million people worldwide, has forced the shutdown of personal and business activity, including the NBA, in an attempt to curb the spread of the contagion. Cuban's comments came as S&P 500 index (SPX) technically entered a bull market, having now risen 20% from the recent low put in on March 23.
Motley Fool Issues Rare "Double Down" Buy Alert
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BusinessAmerican City Business JournalsFirst big bankruptcy of latest oil downturn comes to Houston
Denver-based Whiting Petroleum Corp. (NYSE: WLL) brought the first major exploration and production bankruptcy of the latest down cycle to Houston. The oil and gas industry is contending with twin pressures from both the supply side and demand side of the industry, and while analysts think there are likely many more bankruptcies to come this year, Whiting marks the front of the pack. Whiting is bringing $7.64 billion in assets and $3.61 billion in debt to the Southern District of Texas Bankruptcy Court, according to the bankruptcy filing.
NewsMarketWatchWhich stock markets and other asset trading exchanges are closed on Good Friday? Easter Monday?
It won't be your typical Easter, or Passover, on Wall Street, in the era of the deadly COVID-19 pandemic that has forced a global shutdown of businesses and caused governments to impose social-distancing measures to curb its spread. The action on Wall Street is also likely to be more subdued with Passover starting Wednesday evening and ending the evening of April 16. President Donald Trump had set Easter Sunday as a “beautiful” target date for the U.S. to get back to business, with “packed churches all over our country,” but that turned out to be an overly ambitious goal, even as the contagion has appeared to show glimmers of slowing, hinting at the possibility of somehow restarting the economy at some point.
- Investors should 'run into the fire and buy the epicenter of the crisis': Tom LeeBusinessYahoo Finance Video
Investors should 'run into the fire and buy the epicenter of the crisis': Tom Lee
Fundstrat Global Advisors Managing Partner & Head of Research Tom Lee of joins Yahoo Finance's Zack Guzman to discuss the market outlook as coronavirus cases in the U.S. surpass 450,000.
California: Notice For Cars Used Less Than 50 Miles A Day
California drivers are surprised they never knew this important insurance tip. If you drive less than 50 miles a day, you better read this...
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BusinessBenzinga'I Am Trying To Get More Cash': Why Mark Cuban Isn't Hopeful On US Market Rally
The NBA Dallas Mavericks owner said that while he is "hopeful" for the long-term, the market could see another coronavirus-caused slump in the short-term. As for his stock bets, he continues to hold Netflix Inc. (NASDAQ: NFLX) and Amazon.com Inc. (NASDAQ: AMZN). "If I'm wrong and the market keeps on going up, my core holdings, Netflix and Amazon, are going to continue to do well," the Broadcast.com founder said at the CNBC show.
BusinessAFPOPEC 'close' to deal on output cuts to counter price collapse
Top oil producers attempted to finalise a crucial agreement on output cuts in the small hours of Friday in a bid to counter a collapse in prices due to the coronavirus pandemic and a Saudi-Russian price war. Trump was speaking fresh from a conference call with Russian President Vladimir Putin and Saudi leader Crown Prince Mohammed bin Salman -- both countries being key players in the talks. The video conference meeting of OPEC countries and their OPEC+ allies including Russia, as well as other key non-members, began just after 1440 GMT on Thursday.
BusinessSimply Wall St.These Analysts Think Spirit Airlines, Inc.'s (NYSE:SAVE) Earnings Are Under Threat
The analysts covering Spirit Airlines, Inc. (NYSE:SAVE) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Following the latest downgrade, the current consensus, from the nine analysts covering Spirit Airlines, is for revenues of US$3.2b in 2020, which would reflect a not inconsiderable 16% reduction in Spirit Airlines' sales over the past 12 months.
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BusinessBloombergSome of America’s Oil Refineries May Be on Brink of Shutting
Marathon Petroleum Corp. will idle its Gallup, New Mexico, refinery and related assets April 15, the company said. It's the first U.S. facility to shut as the coronavirus pandemic empties skies of passenger planes and the roads of cars. Major U.S. refiners, including Marathon, Valero Energy Corp. and Phillips 66, have lowered rates at their facilities to be at or near minimum levels as storage tanks fill up with fuel they can't sell.
BusinessMarketWatchThree stocks to buy at ‘the most attractive entry point’ since 2009 from an index-beating hedge-fund manager
Investors have a golden opportunity to grow their “buying power” by scooping up high-quality companies. That's according to Dev Kantesaria, who founded hedge fund company Valley Forge Capital Management in 2007. The best protection in a downdraft like this is to own the highest-quality businesses on the planet,” he said in an interview.
- Sanders ends bid: Path toward victory 'impossible'PoliticsAssociated Press Videos
Sanders ends bid: Path toward victory 'impossible'
Progressive standard-bearer Bernie Sanders announced Wednesday he is ending his 2020 presidential bid. The announcement leaves former Vice President Joe Biden as the presumptive Democratic nominee to challenge President Donald Trump in November. (April 8)
What You Don't Know About 5G
One of the world's top tech investors unveils a major 5G hiccup. The Ground-zero location for this hiccup makes this story a must-read for everyone.
Wall Street Watchdogs
FinanceMarketWatchS&P 500 dividends are in better shape than the market expects. Here’s where investors should worry, says Bank of America.
Our call of the day looks at the tricky question of dividends. The goods news is that big S&P 500 companies will probably hold up on those better than investors think.
FinanceYahoo FinanceStocks are finally flashing signs of a confirmed bottom, says analyst who called 25% rally
Fundstrat's Tom Lee says history shows the speed of a market recovery is tied to the speed of collapse. That could mean a return to all-time highs this year.
FinanceMarketWatchIntel in the age of COVID-19: After sales surge to deal with the new normal, ‘all bets are off’
Intel Corp. could experience a huge early sales boost from companies outfitting stay-at-home workers with computers and a surge in cloud-services adoption, but the long-term picture for COVID-19 effects is not as clear.
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FinanceMarketWatchSome auto insurers are giving refunds because of the coronavirus outbeak — here’s how you can get a break too
Allstate, Geico and Liberty Mutual are giving refunds to drivers. State Farm says it’s closely monitoring the situation.
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Edited Transcript of DAL earnings conference call or presentation 10-Apr-19 2:00pm GMT
Q1 2019 Delta Air Lines Inc Earnings Call
- FinanceFiveThirtyEight
Why Bernie Sanders Lost
There is a simple explanation for why Sen. Bernie Sanders, who officially suspended his presidential campaign on Wednesday, lost the Democratic nomination: Former Vice President Joe Biden trounced the Vermont senator when the race narrowed to a one-on-one contest after Super Tuesday. The results of the
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The Dow Surged 780 Points Because Investors Are Back to Being Bullish
Stocks rose on a surge in oil prices and hopes that the coronavirus pandemic is topping out. The S&P 500 has entered into a new bull market after the shortest bear market in decades.
- Sanders drops 2020 bid, Biden now likely nomineeNewsAssociated Press Videos
Sanders drops 2020 bid, Biden now likely nominee
Sen. Bernie Sanders ended his presidential bid on Wednesday, making Joe Biden the presumptive Democratic nominee to challenge President Donald Trump in a general election campaign being waged against the backdrop of the coronavirus pandemic. (April 8)
FinanceMarketWatchIs the Dow staging a genuine rebound? Here’s what experts think as the stock market attempts to shake the bearish grip of the coronavirus pandemic
Investors are seeing light at the end of the tunnel after a brutal period. But is it a train? Here’s what some strategists are saying about the outlook for the market as it tries to recover from COVID-19.
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FinanceInvestor's Business DailyOil Prices Dive As OPEC+ Agrees To This Production Cut But Don't Mess With Texas Oil
Oil prices reversed lower on reports that Russia and Saudi Arabia reached an agreement to reduce oil output by 10 million barrels per day not 20 million bpd.
FinanceMarketWatchFounder of world’s largest hedge fund doubles down on ‘cash is trash’ argument, warning of debt-fueled inflation
With U.S. stocks down more than 20% from their February highs, investors who had taken money out of equities and corporate debt and put that money into cash in recent weeks have avoided a great deal of pain.
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Dow Futures Gain As Congress Mulls $500 Billion in Fresh Support; Coronavirus Concerns Keep Global Stocks in Check
Stocks continue to track coronavirus infection rates amid a dearth in hard economic data following the wipe out of last night's 900 point rally for the Dow Jones Industrial Average.
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FinanceMarketWatchI’m nearing retirement but was just laid off. What should I do?
It’s a scenario that could be detrimental to anyone’s finances, especially if they’re nearing retirement. At least 1.2 million people age 55 and older were unemployed in March, up from just about 1 million in February, according to seasonally adjusted figures from the Bureau of Labor Statistics. The
FinanceBloombergCalpers Forfeited a $1 Billion Payday by Scrapping Market Hedge
(Bloomberg) -- Three years ago, America’s largest pension fund made an unusual investment. It bought so-called tail-risk protection, a kind of insurance against financial catastrophe. In a market meltdown like the one sparked by the coronavirus, the strategy promised a massive payout -- more than $1
- FinanceFinancial Times
The pandemic and the radical change in wealth distribution to come
Right now I can see no reason why I will not do at least one Joe Wicks workout every day for the rest of my life. By 1949 that was 0.026 per cent. Between 1911 and 1949 the income share of the top 1 per cent fell by 62 per cent. This was partly about inflation, which forced asset holders to sell up
- FinanceBloomberg
Dividends Will Return 'With a Vengeance' Post-Virus, Ketterer Says
Apr.08 -- Causeway Capital Management Chief Executive Officer and Portfolio Manager Sarah Ketterer discusses the outlook for stock dividends with Bloomberg's Taylor Riggs on "Bloomberg Markets."
FinanceAmerican City Business JournalsYelp lays off 1,000 employees, furloughs another 1,000
San Francisco-based Yelp, whose business model is reliant on other small businesses, has seen its customer base decline during the COVID-19 shutdown.
FinanceMarketWatchPrepare for massive new opportunities in stocks as the response to the coronavirus reshapes the economy
There will be a big shift in the economy, helping the likes of biotechnology and semiconductor stocks.
FinanceInvestor's Business DailyCostco Taps Further Into China But March Sales Miss Badly Despite Panic Stockpiling
Costco will open a new store in China but reported weak March sales despite a flood of panic buying.
FinanceBloombergFed Is Seizing Control of the Entire U.S. Bond Market
(Bloomberg Opinion) -- The Federal Reserve is not leaving any corner of the U.S. bond market behind in this crisis.There’s no other way to interpret the central bank’s sweeping measures announced Thursday, which together provide as much as $2.3 trillion in loans to support the economy. It will wade into
- FinanceBloomberg
British Airways Cut to Junk in Blow to Borrowing Options
(Bloomberg) -- British Airways’ credit rating was cut one notch to junk by Fitch Ratings, potentially complicating the IAG SA-owned carrier’s access to new loans amid a sharp slump in global aviation.Fitch lowered British Airways’ long-term credit rating to BB+ from BBB-, it said Thursday in a statement
FinanceBloombergStocks Mixed in Holiday-Hit Trading; Dollar Steady: Markets Wrap
(Bloomberg) -- Asian stocks saw mixed trading Friday in a holiday-hit session as investors mulled new measures from the Federal Reserve to cushion the fallout from the coronavirus. The dollar steadied after an overnight decline.Stocks slipped in Tokyo and Shanghai, and ticked higher in Seoul. Australia
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AMD Stock Stands Out Among Semiconductors
Advanced Micro Devices just cleared its 50-day line and is now nearing a test at the 50 price level.
FinanceAmerican City Business JournalsColorado lenders to small businesses: Don't do these things if you want to qualify for SBA's PPP loan relief program
“Bankers are working extremely hard to get these funds to small businesses as fast as they can, in a fluid environment with information and guidance being updated multiple times a day."
- FinanceMarketWatch
Energy stocks turn down, as crude oil swings from big gain to a big loss
Energy stocks fell into the red in afternoon trading Thursday, as crude oil prices swung from a big gain to a big loss amid volatile trading amid reports that Saudi Arabia and Russia had reached agreement on output cuts. The SPDR Energy Select Sector ETF dropped 1.2%, after being up as much as 6.5%
FinanceInvestor's Business DailyGE Warns On Q1 Earnings But Backs This Key Financial Metric
GE pulled guidance for the full year and warned earnings for the first quarter will miss expectations, but backed its cash flow outlook.
FinanceBloombergN.J. Sees Peak in Three Days; Johnson Out of ICU: Virus Update
(Bloomberg) -- New York state reported the fewest hospitalizations since the outbreak began even as it recorded the most deaths in a 24-hour period. The top U.S. infectious-disease expert said the final death toll may be lower than earlier estimated.Spain is poised to extend a nationwide lockdown, a
- FinanceThomson Reuters StreetEvents
Edited Transcript of UAL earnings conference call or presentation 17-Apr-19 2:30pm GMT
Q1 2019 United Continental Holdings Inc Earnings Call
FinanceSimply Wall St.Update: Vaxart (NASDAQ:VXRT) Stock Gained 88% In The Last Year
Vaxart, Inc. (NASDAQ:VXRT) shareholders have seen the share price descend 12% over the month. But looking back over...
FinanceBloombergEaster Meat and Candy Feasts Suffer From Life Under Lockdown
(Bloomberg) -- Forget the usual feasts of lamb, ham and chocolate treats this Easter.With restaurants closed and social gatherings restricted around the world, U.K. lamb prices fell about 20% last month and wholesale costs for U.S. ham slumped to the lowest in a decade as demand faltered.“You eat lamb
NewsBBCCoronavirus: Easter egg sales surge despite lockdown
Despite discounting in supermarkets, Easter egg sales are soaring online.
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Barrick Gold Makes Bullish Move
The gold miner soared Thursday as gold futures jumped 4.1% to $1,752.80 an ounce.
FinanceBenzingaPfizer, BioNTech, Arcturus Share Timelines For Human Testing As COVID-19 Vaccine Development Intensifies
The enormity of the coronavirus pandemic has forced biopharma companies to step up efforts to expeditiously develop vaccines and treatments for COVID-19. The Frontrunners Moderna Inc (NASDAQ: MRNA), which was the first company to move its coronavirus vaccine candidate to the clinics, said in mid-March
FinanceMarketWatchPlunging annuity rates: A strategy for new retirees
When she retired all those years ago, her income security needs were pretty simple. Such annuities continue to be offered by insurance companies, but the monthly payouts they generate has collapsed to the lowest levels on record, according to ImmediateAnnuities.com. In 2000, a 65-year old woman with
FinanceInvestor's Business DailyThese Are The 5 Best Stocks To Buy And Watch Now
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
FinanceInvestor's Business DailyDow Jones Futures: Coronavirus Stock Market Rally Lacks Two Key Qualities; Analyzing Five Key Stocks
The coronavirus market rally had a strong day, but growth stocks are lagging and breakouts lacking. Costco fell late on March sales. Apple, Amazon, Microsoft, Dexcom and Nvidia are in focus.
FinanceInvestor's Business DailyWhy This Key Segment Is Celebrating Sanders' Presidential Dropout
Shares of insurance companies Molina Healthcare, Anthem and others surged after Bernie Sanders dropped out of the 2020 presidential race. Sanders touted a Medicare-For-All plan.
FinanceAmerican City Business JournalsBay Area debt and structured financing expert: 'There aren't many happy financing stories these days'
The head of commercial brokerage firm Newmark Knight Frank's Debt and Structured Finance team in Northern California believes the Bay Area is already in an economic downturn, which spells trouble for developers seeking construction loans.
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6 Things You Didn't Know Were Tax Deductions
The federal tax code includes some not-very-well-known tax deductions that can lower your tax bill or even increase your tax refund. Here are a few surprising tax breaks that you won't want to miss. It's free to start and enjoy $10 off TurboTax Deluxe when you file.
FinanceInvestor's Business DailyStocks Close Higher; What Happened To Three Stocks That Hit Buy Points
The stock market gave up some gains Thursday but still closed higher. The market was uneven as it weighed coronavirus, crude oil and economic risks. The Nasdaq composite closed almost 0.8% higher and had been up 1.