Speaker Nancy Pelosi called on President Trump to use the emergency war powers to combat coronavirus. Yahoo Finance’s Jessica Smith joins the On The Move panel to break down the latest developments. …read more […]
Crude oil prices have taken a beating and oil stocks have felt the pain. Although, black gold isn’t down for the count. Oil has fueled nations around the world for well over a century. And today, it’s still one of the most cost effective sources of energy.
A recession is knocking on your door and will keep oil prices low… but as always, another bull market will follow. So, over the coming years, oil prices will rebound as supply and demand balance out. The best oil stocks will likely emerge stronger than before. Although in the short-term, investors should be prepared …read more […]
Yahoo Finance’s Anjalee Khemlani joins the On The Move panel to break down the latest coronavirus developments. …read more […]
The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
(Bloomberg) — Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.Five of the biggest carriers in the region — Latam Airlines Group SA, Gol Linhas Aereas Inteligentes SA, Azul SA, Avianca and Volaris — have seen about $12 billion in their market value wiped out since the end of January through Wednesday’s close. On average, their stock tumbled 78% in local currency terms, more than all 23 members in the Bloomberg World Airlines Index. The global gauge is down 46% in the period.Latin American companies, operating far from China and with almost no direct flights …read more […]
Prince Albert of Monaco has tested positive for coronavirus but his health “is not a cause for return”, his office said on Thursday.
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.
How will the coronavirus play out in the U.S.? According to Maciek Boni, Penn State University infectious disease expert, it depends on which scenario the country finds itself in. …read more […]
General Motors, Fiat Chrysler and Ford have decided to close their factories while Tesla, under shelter-in-place orders will stay open, according to AP. Greg Migliore, Autoblog Editor-In-Chief, joins Yahoo Finance’s Alexis Christoforous, and Brian Sozzi to discuss the details. …read more […]
The world’s wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic’s point of origin, China.
The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump’s administration and Congress.
Uber Technologies Inc has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in businesses other than ride-hailing, CNBC reported https://www.cnbc.com/2020/03/19/uber-stock-pops-after-saying-worst-of-coronavirus-fallout-is-behind-it.html on Thursday citing a conference call by Chief Executive Officer Dara Khosrowshai.
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.
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