Month: April 2020

Luckin Coffee (Nasdaq: LK) may not be as well known in America as Starbucks (Nasdaq: SBUX). But in China, the “Little Blue Cup” as it is affectionately known there, is huge. Or should I say, it’s venti? But even in America, investors in Luckin Coffee stock know the brand well.
In fact, Luckin Coffee now has more coffee stores in China than Starbucks does by several hundred. And until this week, it may have seemed poised to dominate Starbucks as China’s coffee of choice for the foreseeable future.
But after some nasty headlines about accounting fraud at the company this past week, …read more […]

A report from Politico reveals the President has removed the federal watchdog who was appointed to oversee the implementation of the stimulus plan. Yahoo Finance’s Julie Hyman shares the details. …read more […]

(Bloomberg) — The U.S. cut its 2020 oil production forecast by more than 1 million barrels a day, as collapsing crude prices and plummeting demand threaten to shutter production in the country’s biggest fields.Production is expected to average 11.76 million barrels a day through December, down from a previous forecast of 12.99 million barrels, the Energy Information Administration said on Tuesday. The agency also trimmed its 2021 output expectations by 1.6 million barrels a day to just over 11 million daily barrels.The report comes just days before OPEC, Russia and other producers meet to negotiate a round of coordinated output …read more […]

Zoom’s (ZM) penetration of the mainstream came seemingly out of nowhere. It is hard to remember that outside of business circles, not many knew about the app two months ago. With the share price appreciating by 70% since the turn of the year, there’s no doubt it has been one of this strange period’s success stories. But has the stock climbed too fast, too soon? It appears one 5-star analyst thinks so.Brad Zelnick of Credit Suisse downgraded Zoom from Neutral to Underperform, although the price target gets a boost – from $95 to $105. The new figure indicates Zelnick foresees …read more […]

Does the April share price for Mastercard Incorporated (NYSE:MA) reflect what it’s really worth? Today, we will… …read more […]

Yahoo Finance’s Jared Blikre weighs in on the latest market action on On The Move. …read more […]

(Bloomberg) — Oil held on to small gains as investors searched for signals that the world’s biggest producers will be able to strike a deal to end a price war and stabilize energy markets.Futures in New York rose more than 4% on Tuesday before trading close to little changed. Saudi Arabia and Russia are hammering out terms to a production agreement with OPEC+ talks planned for Thursday and a G-20 meeting of energy ministers set for Friday, according to people familiar with the matter.“There is uncertainty over whether a deal would be reached among OPEC+,” said Gene McGillian, vice president …read more […]

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