Boeing Co is freezing new hiring and overtime except in certain critical areas to preserve cash, the U.S. planemaker’s CEO said on Wednesday, as the coronavirus outbreak compounds the fallout from a year-old grounding of its money-spinning 737 MAX.
Leading U.S. bank executives in a meeting with President Donald Trump at the White House said banks are strongly capitalized and prepared to help small businesses and American consumers weather the coronavirus outbreak.
Is the market crash making you money?
If you’re trading in The War Room it is! We have several types of trading strategies we use in there, but one in particular stands out at a time like this – trading options on reverse-moving assets.
While the market has been tanking just about every day, War Room traders who are following Bryan’s quick in-and-out trading strategy are swimming in winners. There have been so many, I think I lost count.
We have had well over a dozen wins since the beginning of last week – with plenty more to come!
Now, 90% or so of …read more […]
Trump administration officials have postponed for a second time a critical meeting originally set for Wednesday to discuss potential new U.S. restrictions on sales of technology to Huawei and China, people familiar with the matter said.
Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.
U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service reductions and losses of hundreds of millions of dollars.
After New York confirmed its first case of coronavirus, shoppers flooded into a local Costco to stock up on supplies. …read more […]
It’s tough when the market drops, but for people saving for retirement — or people who are close to it — there are some things to consider. …read more […]
For better or for worse (but mostly for better), COVID-19 has taken Novavax (NVAX) on a very wild ride.Since the first report of an infection with COrona VIrus Disease 2019 in Wuhan, China on December 31, 2019, shares of vaccine specialist Novavax literally quadrupled in the space of two months, topping out at $16 a share on February 28, before giving back some of its gains in March. In a note issued yesterday, Oppenheimer analyst Kevin DeGeeter reiterated his “outperform” call on Novavax stock, stating a price target of $13 a share on the $10 stock. DeGeeter explained his continued …read more […]
(Bloomberg) — The World Health Organization declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. Local and state officials across the U.S. took several steps to discourage or ban large gatherings.The federal government’s top infectious-disease specialist told U.S. lawmakers the pathogen is 10 times more deadly than the seasonal flu. U.K. cases jumped 22% to 456, while Italy, the center of the outbreak in Europe, saw a 31% increase in fatalities, to 827.Key Developments:Confirmed cases top 120,000 globally; 4,378 deadGermany’s Merkel says 60%-70% of population potentially at riskAirbnb refuses guest refundsVirus at Bear Stearns moment and …read more […]
Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc’s board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The U.S. government recorded a $235 billion budget deficit in February, the Treasury Department said on Wednesday.
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation have agreed to end their opposition.
Delta Air Lines Inc said on Wednesday it was extending the suspension of all flights between the United States and China from April 30 to May 31 due to the coronavirus outbreak.
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