
Month: April 2020


Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.

Coronavirus, Levi's earnings: What to know in markets Tuesday
Coronavirus developments and Levi’s earnings will be front and center Tuesday. …read more […]

The Market Is That Crazy Friend – Here’s How to Handle It
Editor’s Note: Did you catch Marc’s latest video update on Friday?
Marc is releasing regular State of the Market addresses in order to help his readers navigate the frantic news media and wild market swings that have resulted from COVID-19.
On Friday, he addressed some of readers’ most pressing questions – whether now is the time to invest in gold and how much protection it can really provide.
Click here to see his latest analysis.
– Mable Buchanan, Assistant Managing Editor
We all have that one friend who is a hot mess…
That friend who, when things are good, is the most interesting and fun …read more […]

The coronovirus scenario that has Dr. Zeke Emanuel 'really worried'
Former Obama White House Health Adviser Dr. Zeke Emanuel warns there is a disconnect between the public health community and the markets. …read more […]

Allstate to return $600 million in auto premiums as coronavirus cuts driving
Allstate Corp , one of the largest U.S. auto insurers, said on Monday it would return more than $600 million in premiums to customers as many Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak.

Stock market news live updates: Stock futures edge lower after steep rally
Stock futures opened slightly lower Monday evening after a regular-session rebound sent the S&P 500 to its highest level since March 13. …read more […]

Buy This Exact Stock – on This Exact Date
Today I’d like to share with you one of my first companies to buy when this pandemic clears up… Anheuser-Busch (NYSE: BUD).
Here’s why…
On a global scale, Anheuser-Busch has an estimated global market share of 28%. That’s massive.
As I’m sure you know, liquor stores remain open right now – as they’re deemed “essential” – during this stay-at-home mandate.
So it’s not a surprise to learn that in the month of March, overall alcohol sales from liquor stores were up 55% from 2019 levels.
But at the same time, since bars and restaurants remain closed, alcohol companies are still under a great deal of …read more […]

COVID-19 Disrupts the Gold Market
We are living through unprecedented events.
The major U.S. stock indexes collapsed more than 30% in less than a month – the fastest decline of that size in history.
Each week, the unemployment claims are eclipsing records at a nearly unfathomable pace. First, 3.3 million claims… then 6.6 million.
Nothing in history comes remotely close to these numbers.
World governments are flooding the system with trillions of dollars in relief packages.
And now, with the U.S. and global economies under lockdown because of the COVID-19 pandemic, the forecasts are almost unimaginable. Some are calling for 32% unemployment in the U.S. with the deepest recession on …read more […]

Coronavirus spread may be leveling off in New York, New Jersey; vigilance urged
The governors of New York and New Jersey pointed to tentative signs on Monday that the coronavirus outbreak was starting to plateau but warned against complacency as the nationwide death toll topped 10,000 and the number of known U.S. infections surpassed 350,000.

Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it will temporarily suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic.

Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it would suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic. Boeing production will be suspended until further notice after the second shift on Wednesday. On Sunday, the largest U.S. planemaker indefinitely extended the halt of its production operations at its Washington state facilities. …read more […]

Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private-equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the U.S. home rental company through a combination of debt and equity.

Hydroxychloroquine 'not likely to be a silver bullet' for coronavirus, former White House medical official says
U.S. President Donald Trump has been pushing for the use of an anti-malarial drug hydroxychloroquine against the coronavirus, and one prominent doctor says that could be a problem given the lack of data available. …read more […]

Lufthansa to discuss permanently grounding Germanwings: sources
Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters.