Business News
Trump: It’s my decision when to reopen U.S. economy
President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors.
Month: April 2020
Trading Ideas
AMD: A Stay-at-Home Stock That Could Keep Running
As the market starts to recover from the coronavirus panic, Advanced Micro Devices (AMD) has seen the stock hold up well. Other companies in the tech sector continue to report solid numbers due to high demand from people working from home and a surge in demand for virtual learning. The chip giant remains well positioned for a new world demanding additional data center space.As 5-star analyst Jim Kelleher puts it, “The shelter at home movement has caused an on-the-fly effort to upgrade home networks […] Historically, periods of severe stock-market turbulence have proven to be good times for careful and …read more […]
Trading Ideas
Bookings for cruises rise in year 2021
Cruise ship bookings for 2021 skyrocket despite the number of coronavirus outbreaks that occurred on cruises this year. Yahoo Finance’s On The Move panel shares the details. …read more […]
Business News
Crude gains on output deal, shares slip on recession fears
Stocks on Wall Street slid while crude prices edged higher on Monday as a global deal on record output cuts failed to quell concerns on whether the pact is enough to head off an oil glut as the coronavirus pandemic hammers economies worldwide.
Business News
McDonald’s faces new class action over ‘pervasive sexual harassment’
McDonald’s Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
Trading Ideas
This is when Trump can 'reopen' the economy
Calendar dates are irrelevant. It’s all about testing. …read more […]
Business News
Wall Street slides as investors brace for dour earnings
Wall Street’s main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
Business News
Dish Network cuts jobs, re-evaluates business in coronavirus fallout
Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off.
Trading Ideas
OPEC and allies finalize record oil production cut, withholds 9.7M barrels per day
Rapidan Energy Founder and President Bob McNally joins Yahoo Finance’s On The Move to discuss the agreement between OPEC and its allies to cut production by 9.7 million barrels per day. …read more […]
Trading Ideas
Why Goldman Sachs suddenly believes the coronavirus won't send the S&P 500 crashing another 25%
Goldman Sachs strategist David Kostin is feeling sunnier on a stock market still trying to come to grips with the coronavirus pandemic. …read more […]
Business News
Explainer: Big cuts in oil production from OPEC and others
Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves.
Business News
Volkswagen offers cars for relief efforts in U.S. virus-hit regions
Germany’s Volkswagen AG said on Monday its U.S. dealers would provide cars for free delivery of essential supplies to people in need during the coronavirus crisis.
Business News
Aurora Cannabis falls on capital raise, reverse stock split
Aurora Cannabis Inc’s U.S.-listed shares fell nearly 14% in morning trade on Monday after the Canadian pot producer renewed an at-the-market offering under which it can raise as much as $350 million in equity capital.
Trading Ideas
Aurora Cannabis falls on capital raise, reverse stock split
The company said its board also approved a reverse stock split of 1:12 to boost its share price above $1, the minimum required to maintain a listing on the New York Stock Exchange. Aurora’s U.S.-listed shares were last trading below 80 cents. Edmonton, Alberta-based Aurora said on Monday it had about C$205 million ($146.8 million) cash as of March 31, including all the money it raised under the original at-the-market offering announced in May 2019. …read more […]
Healthcare
CytoDyn (OTC: CYDY) So. California Patients Treated with Leronlimab for COVID-19 under Emergency IND: 4 Patients with Moderate Indications Removed from Oxygen; 3 Patients Discharged from Hospital; 1 Patient Scheduled for Discharge Today; 1 Patient with Severe Indications Discharged, for Total of 5 Patients Discharged
VANCOUVER, Washington, Apr 13, 2020 — More than 25 EINDs approved by FDA for leronlimab use in COVID-19 patients Phase 2 trial – As of last week, 12 patients enrolled from 2 sites; 3 more […]