April 2020 – Page 4

Ford Motor steps up campaign to convince union workers to restart U.S. output

April 30, 2020 admin Comments Off

Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work. The UAW so far has not agreed to endorse reopening U.S. auto plants, even as workers in Europe and Asia are going back to their jobs. Virtually all U.S. automotive production ground to a halt in March as the number of COVID-19 infections grew rapidly. …read more […]

Buffett likely to finally address pandemic at Berkshire Hathaway meeting

April 30, 2020 admin Comments Off

Berkshire Hathaway Inc’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.

…read more […]

Factbox: Warren Buffett, Berkshire Hathaway at a glance

April 30, 2020 admin Comments Off

Warren Buffett’s Berkshire Hathaway Inc’s annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.

…read more […]

Coronavirus job losses hit these 7 states hardest

April 30, 2020 admin Comments Off

The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits nearly topping 4 million yet again. Yahoo Finance’s Zack Guzman and Heidi Chung break down the details. …read more […]

Zoom participant numbers top 300 million despite growing ban list, shares hit record (April 23)

April 30, 2020 admin Comments Off

(This story corrects headline and first paragraph in April 23 story after company clarifies it had mistakenly termed the 300 million as users instead of meeting participants)

…read more […]

Fourth stimulus bill may not be needed if states bounce back: White House

April 30, 2020 admin Comments Off

A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies “relatively quickly,” as some forecasters and equity markets expect, a White House economic adviser said on Thursday.

…read more […]

Oil prices surge on last day of roller-coaster month

April 30, 2020 admin Comments Off

Oil prices jumped on Thursday, as signs the U.S. crude glut was not growing as quickly as many had feared brought an upbeat close to one of the most volatile months for oil trading in history.

…read more […]

Edited Transcript of TUP earnings conference call or presentation 29-Apr-20 12:30pm GMT

April 30, 2020 admin Comments Off

…read more […]

Macy’s reopening 68 stores, targets all within six weeks as U.S. curbs loosen

April 30, 2020 admin Comments Off

Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.

…read more […]

Edgar Bronfman Jr. Named Executive Chairman of fuboTV (OTC: FBNK)

April 30, 2020 admin Comments Off

FaceBank Group, Inc. (d/b/a fuboTV) (OTCQB: FBNK) announced today that its Board of Directors has appointed Edgar Bronfman Jr. to the Board of Directors and has named him Executive Chairman effective immediately. As Executive Chairman […]

Millions of Americans continue to seek jobless benefits; consumer spending slumps

April 30, 2020 admin Comments Off

Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the novel coronavirus.

…read more […]

Equities dip but remain on pace for best month on record

April 30, 2020 admin Comments Off

World equity benchmarks dipped on Thursday yet remained on pace for their best month on record as a rebound in oil prices, encouraging early results from a COVID-19 treatment trial and expectations of more government stimulus helped ease the pain of February and March.

…read more […]

JPMorgan says it has handled $17.8 billion under emergency aid program

April 30, 2020 admin Comments Off

JPMorgan Chase & Co said it has submitted roughly 220,000 applications worth $17.8 billion to the Small Business Administration’s Paycheck Protection Program to help small businesses hurt by the coronavirus shutdown.

…read more […]

The Zoom/ZM Fiasco

April 30, 2020 admin Comments Off

One of the themes echoed throughout my columns has been the importance of carefully estimating intrinsic value before investing. Nothing drives this point home more forcefully than the Zoom Video Communications Inc (NASDAQ:ZM) fiasco. Zoom Video Communications’s Struggles ZM is the ticker symbol for Zoom Video Communications. This is the company that produces the interactive […] …read more […]

Wall Street falls on grim jobless claims data

April 30, 2020 admin Comments Off

U.S. stocks fell on Thursday as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.

…read more […]