U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the economic impact of the pandemic, an official within a banking agency told Reuters.
Sharp Corp has filed a patent infringement lawsuit against the Japanese unit of Tesla Inc, seeking an injunction to halt imports of some electric vehicles (EV) to Japan, a source familiar with the matter said on Wednesday.
The analysts at Credit Suisse expect a structural change in consumer shopping. …read more […]
Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse.
Brazil’s antitrust watchdog on Wednesday dismissed allegations against a proposed takeover by Boeing Co of Embraer SA’s commercial plane division, maintaining its approval of the deal.
Wedbush cut Apple’s price target to $335 from $400, citing the coronavirus pandemic will have a major negative effecand on the tech giant’s business model. Yahoo Finance’s Dan Howley joins Seana Smith to discuss. …read more […]
The COVID-19 pandemic and ensuing market sell-off have shown that gold is still viable after 5,000 years.
Today, our friends Michael Checkan and Van Simmons explain why gold is an important asset for wealth builders and how you can add it to your portfolio if you haven’t already.
Editor’s Note: Today’s article comes from our friends Michael Checkan, the chairman and CEO of Asset Strategies International, and Van Simmons, president and partner of David Hall Rare Coins. As we continue to see the effects of COVID-19 on the markets, their thoughts on the importance and viability of gold couldn’t come at a …read more […]
Ford, General Motors and Fiat Chrysler have agreed to close all U.S. factories as COVID-19 spreads across the country, according to CNBC sources. Yahoo Finance’s Zack Guzman and Kristin Myers discuss the latest. …read more […]
(Bloomberg) — Boeing Co.’s staggering decline is spurring doubts about how the planemaker — symbol of U.S. industrial might — will survive the coronavirus pandemic.Wall Street is already bracing for a dividend cut as Boeing seeks to preserve cash. And the company isn’t likely to make it at all without federal aid, activist investor Bill Ackman said Wednesday.“Boeing will not survive without a government bailout,” Ackman, head of Pershing Square Capital Management, said in an interview on CNBC. The hedge fund wasn’t a Boeing investor as of the latest public filings.Ackman’s warning underscores the intensifying pain for Boeing, which was …read more […]
Ohio Senator Sherrod Brown joins Yahoo Finance’s On The Move to break down how he thinks President Trump has handled the COVID-19 pandemic.
…read more […]
For non-investors or those just getting started, the stock market can seem complex—and it is, the more you become involved with it. But the concept of the stock market itself is relatively easy to understand. How does the stock market work? Well, to explain it, we can turn to some very simple examples.
Here’s a look at how the stock market works in simple terms. Keep in mind, these are just the basics! The market is a complex mechanism of the economy, and there are incalculable factors that affect it. We’re going to look at it in a vacuum.
How …read more […]
The Detroit Three automakers have agreed to shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, a person familiar with the matter said on Wednesday.
S&P 500 companies’ earnings are expected to decline in the first quarter from the year-earlier period, reversing a forecast for profit gains, according to IBES data from Refinitiv, as companies face the toll from the coronavirus outbreak.
The French government will consult with its Dutch counterpart before making any decision over support for Air France, the French subsidiary of Air France-KLM , Finance Minister Bruno Le Maire said on Wednesday.
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