Louis Vuitton owner LVMH on Thursday posted a 17% drop in comparable sales in the first quarter due to the coronavirus pandemic, as government-imposed lockdowns in Europe forced it to close stores and production sites.
Congressional leaders work to replenish the stimulus relief program after the bank’s small business loans have completely exhausted their funding capacity. Consumer Bankers Association CEO & President Richard Hunt joins Yahoo Finance’s On The Move to discuss. …read more […]
New York Governor Andrew Cuomo has tapped high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart pressure from President Donald Trump to move more rapidly, state government sources told Reuters.
Dark clouds are looming over Wall Street, and the storm only appears to be intensifying. The market was dealt another blow on Wednesday April 15, with all three of the major U.S. stock indexes sliding on grim economic data and disappointing earnings reports from banks.According to a Commerce Department report, March saw retail sales fall sharply, 8.7% to be exact. This marked the largest one-month drop since 1992, when the department began tracking the metric. Manufacturing in the New York area also declined by its largest margin ever, reaching a historic low to exceed levels witnessed during the Great Depression. …read more […]
Ortho Clinical Diagnostics CEO Chris Smith joins Yahoo Finance’s On The Move panel to break down the company’s COVID-19 antibody test that was granted Emergency Use Authorization by the FDA. …read more […]
Slack sees brisk business amidst a nation working from home during the coronavirus pandemic. Slack co-founder and CEO Stewart Butterfield joins Yahoo Finance. …read more […]
The Company’s Phase 2b/3 trial is for patients with severe and critically ill COVID-19 indications. Interim analysis will be conducted after results for first 50 patients are available. VANCOUVER, Washington, Apr 15, 2020 — CytoDyn […]
Luxury carmaker Ferrari has begun making parts to convert snorkel masks into respirators for treating patients with coronavirus and protecting medical workers.
The S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers.
Turkey’s latest squeeze of its $37 billion-a-day London lira market may succeed in boosting scarce hard currency reserves but analysts say it will not stem the lira’s decline and that the country’s reliance on foreign capital means it could backfire.
Morgan Stanley (MS) reported a 30% profit decline in the first quarter missing analysts’ expectations, while warning that the coronavirus-related economic pain will continue to have adverse effects on the attainment of its future financial results.Earnings attributable to common shareholders declined to $1.59 billion, or $1.01 per share, in the first quarter ended March 31, from $2.34 billion, or $1.39 per share, a year ago. Analysts had expected a profit of $1.14 per share. Net revenues slid to $9.5 billion in the first three months of the year from $10.3 billion a year ago.Looking ahead, Morgan Stanley warned that the …read more […]
Swiss supervisor FINMA has received cryptocurrency project Libra’s application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdogs.
The U.S. Small Business Administration is telling lenders a $350 billion emergency loan program for small businesses designed to help them keep workers on their payrolls is expected to run out of funds imminently, a source familiar with the situation said.
Less than two weeks after launch, the Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds. …read more […]
Liberty TripAdvisor stock is reaching new heights while the rest of the market is plummeting. The world’s largest travel platform is making headlines and raising the eyebrows of investors across the nation. Why is LTRPB stock soaring during such a difficult market?
Liberty TripAdvisor Holdings (Nasdaq: LTRPA, LTRPB) is just as confused as everyone else. The company released a statement on April 15th admitting that it’s “not aware of the reasons for the recent volatility in its stock price.”
Why is Liberty TripAdvisor Stock Mysteriously Soaring?
The current stock market is down over 600 points. However, LTRPB stock is flourishing. That is Liberty …read more […]
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