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 […] …read more […]
Boeing Co confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the entire aviation sector. Boeing, already struggling to win approval from regulators for its 737 MAX to return to service after two fatal crashes in five months, is in talks with the U.S. government to try to win support for manufacturers, suppliers, airlines and airports, the person said. Earlier on Monday, S&P Global downgraded Boeing’s credit rating and lowered its free cash flow expectations for the company. …read more […]
Yahoo Finance’s Brian Cheung joins The First Trade to break down the latest news that the Federal Reserve will be implementing a commercial paper funding facility to help offset the market downturn during the coronavirus outbreak. …read more […]
Sahak Manuelian, Wedbush Securities Head of Equity Trading, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the impact that the coronavirus has had on the markets. …read more […]
General Motors Co said on Tuesday an employee at its Cole Engineering Center in Warren tested positive for coronavirus.
Amazon.com Inc is suspending sellers from sending non-essential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space for much-needed supplies that are in shortage as a result of the coronavirus outbreak.
Harvard University Professor Carmen Reinhart joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Adam Shapiro to discuss how the markets are being impacted by COVID-19 and the next steps that leadership should take during this time of uncertainty. …read more […]
McDonald’s Corp is considering rent deferral and other measures to ensure liquidity at its franchisees around the world, amid curbs on dine-in restaurants to contain the spread of the coronavirus, a regulatory filing showed on Tuesday.
We can well imagine that “wow” has been uttered by more than just a few people of late – about the spread of the coronavirus, the impact of the virus on share prices and the global economy, and about the change in lifestyle that has taken place in a mere matter of weeks. But for those of us who follow insider-sentiment data from Vickers Stock Research, recent data has led us to a “double-wow”. Two weeks ago, we pointed out that corporate insiders reacted to stock price declines by increasing their purchases of shares in the companies at which they …read more […]
Volkswagen will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday.
Wells Fargo & Company (NYSE:WFC) shareholders (or potential shareholders) will be happy to see that the President… …read more […]
Standard Chartered on Tuesday said it expects global oil demand to decline by a record amount in 2020 citing the rapidly spreading coronavirus and the travel restrictions imposed to contain it.
The main U.S. stock indexes opened higher on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly spreading coronavirus upended parts of the economy and dampened business sentiment.
U.S. retail sales fell by the most in more than a year in February and the coronavirus outbreak is expected to depress sales in the months ahead, which could strengthen economists’ expectations of a consumer-led recession by the second quarter.
World share markets and oil prices struggled to shake off their coronavirus fears on Tuesday after Wall Street’s worst rout since the Black Monday crash of 1987.
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