Trading Ideas
It’s damage assessment time for 401(k) investors
Retirement savers should brace for grim news when they review their first-quarter 401(k) statements. …read more […]
Month: April 2020
Business News
Developing countries unlock key industries to safeguard earnings and jobs
From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.
Trading Ideas
Low oil prices is 'a train wreck in full speed': Parsley Energy CEO
As oil prices plunge, Parsley Energy CEO Matt Gallagher tells Yahoo Finance the recent drop in crude has been an ‘unprecedented slide,’ equating the decline to a ‘train wreck in full speed.’ …read more […]
Business News
Oil rises as Trump plans to ease lockdown
Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.
Business News
P&G beats profit estimates as consumers stock up on toilet rolls, detergents
Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Business News
AT&T investors denied a dial-in as annual meeting goes online
Activist investors say telecommunications pioneer AT&T Inc won’t take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gatherings to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
Business News
P&G sales rise about 5% amid pandemic stockpiling
Procter & Gamble Co on Friday reported an about 5% rise in quarterly sales as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Business News
Airbus chief calls for government support for shift to lower-emission planes: Der Spiegel
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
Business News
Wall Street Week Ahead: In companies’ earnings, words may matter more than numbers
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
Business News
Super-charged stocks race toward second weekly gain
World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
Trading Ideas
Jeff Bezos sketched out our biggest challenge in re-opening the U.S. economy: Morning Brief
Top news and what to watch in the markets on Friday, April 17, 2020. …read more […]
Trading Ideas
Gilead Sciences Stock Pops in the After Hours
Gilead Sciences stock (Nasdaq: Gild) popped in after hours trading on the strength of some good coronavirus news. The stock popped about 13%. The price increase was based on reports of a possible effective drug therapy for COVID-19.
The news came in the form of a video reported by STAT news. The video outlines a clinical study in which sick participants have responded positively to the drug remdesivir. The question is, how will this affect Gilead Sciences stock in the coming days?
A Potential COVID-19 Treatment?
The clinical study reported by STAT News involves 150 patients sick from the coronavirus. All of these …read more […]
Business News
Volkswagen sales down 23% in Jan-March, March alone off 37.6%
Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period.
Business News
China parliament’s top body to meet from April 26 to April 29
The top body of China’s parliament will meet in the capital city of Beijing from April 26 to April 29, the official Xinhua news agency reported on Friday.
Business News
Super-charged stocks race toward second best week ever
World stock markets made a super-charged sprint towards an 11% weekly gain on Friday – their second best of all time – after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.