Month: April 2020

What time does the stock market close? This may seem like a simple question, but it’s important for new traders to understand completely. In general, the New York Stock Exchange (NYSE) and the Nasdaq are both open Monday through Friday from 9:30 a.m. to 4 p.m. Eastern Standard Time (EST).
Trading stocks outside of these hours comes with its own set of circumstances. Moreover, there are nine federal holidays in which the market is closed each year.

What Time Does the Stock Market Close in the United States?
The New York Stock Exchange and the Nasdaq are the two primary stock exchanges in …read more […]

Citi Private Bank Chief Investment Officer David Bailin joins Yahoo Finance’s On The Move panel to address why reopening businesses slowly will be more efficient for the economy. …read more […]

The cruise industry received another blow on April 9, when the Centers for Disease Control and Prevention extended its initial No Sail Order a further 100 days, pushing the potential resumption of the cruise industry’s operations until late July. But the cruise industry seems to think this rule doesn’t yet apply to them just yet. […] …read more […]

(Bloomberg) — With the biggest U.S. banks facing an unprecedented economic standstill and new accounting rules, most analysts expected them to double what they set aside for bad loans a year ago.Those predictions weren’t nearly pessimistic enough.Both JPMorgan Chase & Co. and Wells Fargo & Co. posted their highest loan-loss provisions in a decade, setting aside more than $12 billion to cover defaults across the economy, but especially from credit-card borrowers and oil companies. Banks faced criticism in the last crisis for being slow to recognize the coming pain, and Tuesday’s results show they intend to avoid that this time.“This …read more […]

European counties like Australia and Italy reopened thousands of shops, sending more people back to work and realizing on COVID restrictions. Yahoo Finance’s Tom Belger breaks down the latest developments. …read more […]

Shares of Canadian cannabis company Aurora Cannabis (ACB) took another tumble on Monday. With its stock down 65% since the start of the year, and cash burn accelerating to an annualized pace of more than $600 million over the past year, patience seems to be draining out for investors.In a Form 6-K filing with the SEC, Aurora on Monday announced that after burning through much of the $400 million raised from “At-The-Market” (ATM) stock sales in 2019 (Aurora has about $205 million of that left), it is returning to the public markets with a new offering to sell stock and …read more […]