General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first batch of the medical equipment to the U.S. government this month.
Amazon.com Inc said on Tuesday it had fired three reported critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from U.S. Senator Bernie Sanders and a labor coalition.
The market is now pricing “a very enthusiastic outlook” on how and when the economy will re-open, says David Bailin, Citi Private Bank’s chief investment officer. …read more […]
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
Ken Leon, CFRA Analyst, joined Yahoo Finance’s Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss JPMorgan and Wells Fargo earnings reports. …read more […]
Procter & Gamble Co raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it aims to provide shareholders information as quickly and transparently as possible.
P&G, which was previously scheduled to release its results on April 21, also said its decision to release earnings ahead of schedule should not be seen as an indication of positive or negative results. P&G and other consumer staples companies have seen the coronavirus outbreak create a surge in demand for toilet papers and other household products, with lockdowns imposed to curb the disease’s spread making many customers hoard essential items. It declared a quarterly dividend of 7.907 cents per share on its common stock, up from 7.459 cents in the prior quarter. …read more […]
With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days trying to secure jobless benefits from a state seemingly unable to provide them.
McDonald’s Corp rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world’s largest fast-food company is not providing enough support during the coronavirus crisis, according to several letters seen by Reuters.
In this article, David Fessler of Profit Trends explains why investors are moving out of oil. And where are they going instead? Fessler reveals that the smart money play is now in renewable energy stocks. Here’s why.
*****
Last week, I wrote about the nightmare unfolding in the crude oil sector.
Due to COVID-19, millions of commuters are staying home. And oil companies are going to be the biggest losers.
Investors are already running away from the sector in droves.
The big question is, where is the smart money going?
Horrifying Times
Over the last five years, 215 oil and gas producers have filed for bankruptcy. And …read more […]
Johnson & Johnson announced plans to begin ‘at risk’ production of its COVID-19 vaccine as it scales up for eventual testing and manufacture of the vaccine. …read more […]
Wealthy Retirement Contributing Analyst, Jody Chudley explains why now is the time to buy small cap stocks.
In uncertain times, history and experience are invaluable resources. What both are telling me now is that there has rarely been a better time to buy small cap stocks. This opportunity was created by an epically bad first quarter of 2020 for the small cap sector.
Small cap performance is measured by the Russell 2000 Index, the most popular index of small capitalization stocks. The first quarter decline of 30.6% in the Russell 2000 was the largest quarterly loss in the more than 40-year history …read more […]
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand.
The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand, sources with knowledge of the matter said on Tuesday.
Equity markets rallied globally on Tuesday as Chinese trade data defied expectations of a deep downturn as a result of the coronavirus pandemic, igniting hopes that world economies can soon recover and removing the safe-haven allure of the greenback.
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