The U.S. energy secretary said on Tuesday he would talk with leaders in the U.S. House of Representatives later in the day and urge them to fund the purchase of crude to fill the emergency oil reserve.
A war of words between Telecom Italia (TIM) and Open Fiber over the creation of a single broadband network escalated on Tuesday as the phone incumbent called its smaller rival’s business model “a failure”.
In IBM’s latest earnings call, executives addressed a decline in revenue as the COVID-19 crisis continues to make an impact on the global economy. Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the details. …read more […]
The coronavirus hit the airline industry hard, as a number of airlines seek government aid. JetBlue Chairman Joel Peterson joins Yahoo Finance’s On The Move to discuss the state of the airlines and the pace for recovery. …read more […]
White House economic adviser Kevin Hassett said on Tuesday the current dip of negative oil prices is due to a “very short-run thing” – the coronavirus pandemic – and that a decline in second quarter gross domestic could be the biggest ever posted.
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as the foreign ministry’s top official understands it is not being reopened, he said on Tuesday.
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds alarm bells for global growth and are bracing for a catastrophic collapse in asset prices.
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak.
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector’s main global body warned on Tuesday, citing bleak new survey data.
As earnings season gets underway, investors are expecting reports from Chipotle and Netflix after Tuesday’s market close. Chris Versace, Tematica Research Chief Investment Officer, joins Yahoo Finance to discuss the latest earnings reports and what to expect next. …read more […]
While the quickness of this year’s drop in equity markets – and the global health crisis that served as its catalyst – is as yet unparalleled, market crashes themselves are far from anomalous. …read more […]
Chinese electric vehicle maker BYD Co Ltd , , which is backed by U.S. investor Warren Buffett, on Tuesday reported a 41.9% drop in 2019 net profit as China’s EV subsidies cut hit customer demand.
Weighing in on the markets from investment firm Oppenheimer, John Stoltzfus of Asset Management believes that now is the time to “build shopping lists of what you may have missed and regretted missing just a few weeks ago when the market was moving up every day.” He added that certain sectors – technology, industrials, financials, and consumer products – would face heavier pressure, and offer greater opportunities.Stoltzfus notes that Oppenheimer is making these moves, in preparation for a bull market that may lie in the near future. “It’s not a huge list, but it’s a shopping list of companies that …read more […]
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts’ views that the economy contracted sharply in the first quarter.
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