U.S. stocks surged on Monday, with each of the major indexes rallying more than 5%, after a drop in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled hopes a leveling off of the pandemic was on the horizon.
Overall options volume is pacing in the 99th annual percentile today …read more […]
Gilead Sciences (GILD) has positioned itself at the front line in the global war against COVID-19. The biotech’s experimental drug remdesivir is currently in two Gilead sponsored Phase 3 trials in over 90 locations, and two further investigator sponsored Phase 3 trials in China. The drug is currently registered in 11 ongoing trials, from which a handful of data readouts are expected in the next 2 to 6 weeks.So far, remdesivir has shown powerful in vitro efficacy against RNA viruses in cell-based assays and evidence of efficacy in both in California and Washington states; Additionally, there has also been some …read more […]
Seemingly hopeful news came out of New York Monday, which could be nearing its apex of the novel coronavirus crisis, while markets opened higher to start a week that could see other metro areas surge in cases and deaths. …read more […]
The recent rallies in the markets could be a ‘bear-market trap’ says chief market strategist from Miller Tabak. …read more […]
Peloton, whose flagship product is a stationary exercise bike priced at over $2,200, had said on Friday an employee at its New York City-based production studio has tested positive for COVID-19, according to a report https://www.theverge.com/2020/4/3/21207751/peloton-live-classes-employee-tested-positive-covid-19 by The Verge. Peloton said https://blog.onepeloton.com/peloton-covid-19-initiatives on Monday it would continue to add new, pre-recorded content on its Peloton App, which has a monthly subscription cost of $12.99. …read more […]
The Federal Reserve will backstop the Small Business Administration’s emergency loan program, as lenders continue to work through the Payment Protection Program. …read more […]
Every wealth builder should be focused on maximizing their total return, which means minimizing their taxes.
Today, Alexander Green explains how the recent bear market created an important opportunity for investors to do exactly that.
Editor’s Note: Concerned about making smart investment moves in the midst of the coronavirus? Alexander Green is here for you. Make sure you read today’s article about minimizing your taxes with capital losses and check out his latest video update.
– Christina Grieves, Senior Managing Editor
In a headline like the one above, the words free money are usually in quotation marks, indicating the phrase is metaphorical, not literal.
There …read more […]
Yahoo Finance talks with former ECB president Jean-Claude Trichet about the path forward for the global economy amidst the coronavirus outbreak. …read more […]
New York Governor Andrew Cuomo on Monday cited tentative signs the coronavirus outbreak was “flattening” in his state but warned against complacency as the U.S. death toll topped 10,000 and the number of cases reached 350,000.
The U.S. carrier had earlier planned to reduce its April capacity by at least 10% and May capacity by at least 15%.
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.S. Treasury for government assistance.
Saudi Arabia’s effort to crush US shale producers through ultra-low oil prices can only work if prices remain low, but once prices bounce back above $50, so will US shale production …read more […]
Warren Buffet’s company Berkshire Hathaway sold off millions of dollars in shares from airline companies Delta Air Lines and Southwest Airlines, after the coronavirus pandemic slammed the airline industry. Yahoo Finance’s On The Move panel breaks down the latest. …read more […]
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