A recurrent theme this year has been bad news out of China. First, and most obviously, the novel coronavirus; then equipment China sent to other countries to help combat the virus. For example, last week Pakistan received what they expected to be N-95 masks from China, only to find they were masks made out of […] …read more […]
The Dow and S&P 500 fell on Monday after last week’s strong gains, as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from here, blunting some of the damage as the coronavirus pandemic and social distancing measures ravage the economy and grind business activity to a temporary halt, analysts at Goldman Sachs, Morgan Stanley and BlackRock said in new notes Monday. …read more […]
(Bloomberg) — J.C. Penney Co. has tapped the consulting firm AlixPartners LLP for advice as the retail chain mulls options for managing its approximately $4 billion debt load amid shrinking revenue, according to people with knowledge of the matter.J.C. Penney has been in conversations with its banks in recent weeks about their liquidity needs, and has been in on-and-off negotiations with lenders about a possible debt deal, said the people, who are not authorized to speak publicly and asked not to be named discussing private information. The company’s shares declined following news of the hire and were down as much …read more […]
Specialized startup investment platforms or portals play an indispensable role in the crowdfunding ecosystem. Every time we recommend a startup to you, we tell you which portal it’s listed on. No portal, no recommendation.
Portals also curate the startups that want to raise by rejecting those that don’t meet their standards. They identify “bad actors,” something the SEC requires them to do. They collect information and data and present the backstories of founders. They provide links to investment documents. And they encourage investors to ask the founders questions.
The better the portals are at doing their job, the more data you have …read more […]
Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.
Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic.
J.C. Penney continues to be hit by the ugly stick from various ratings agency. It’s with good reason. …read more […]
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said.
White House spokesman Hogan Gidley says “President Trump is not firing Dr. Fauci,” after President Trump retweeted a call to fire the director of the National Institute of Allergy and Infectious Diseases. Former White House Medical Unit Physician for Obama, Biden and Pence, Dr. Jennifer Pena, joins Yahoo Finance’s Seana Smith to discuss. …read more […]
Shares of Luckin Coffee Inc (NASDAQ:LK) were halted last week for pending news. At the time of this writing, the stock had not resumed trading, and it’s unclear what the pending news is. However, there are some possibilities. Luckin Coffee stock halted: chairman, CEO default On Monday, a press release issued by Goldman Sachs said […] …read more […]
Experts have used a variety of data models to predict the impact of COVID-19 on global health and wealth.
But, as Alexander Green explains today, many of those early predictions have been way off.
I keep hearing from readers who think the stock market has lost its mind.
“How can the Dow rally 5,400 points over the last three weeks,” one reader asked, “when the coronavirus and its economic impact are even worse than expected?”
The stock market is a leading indicator. To understand it, you have to look forward, not back.
Second quarter GDP growth is going to be a train wreck, perhaps the …read more […]
The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday, and the plan could give the government more than 3% of American Airlines Group Inc .
Annandale Capital CEO George Seay joins Yahoo Finance’s Zack Guzman to discuss how the coronavirus is impacting the economy as big banks kick off earnings season on Tuesday. …read more […]
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