Business News
Disney’s Mayer to become TikTok CEO
Walt Disney Co said on Monday its top streaming executive, Kevin Mayer, will leave to become the Chief Executive Officer of Bytedance’s popular video app TikTok.
Month: May 2020
Business News
Square joins Twitter in letting employees work from home permanently
Jack Dorsey-led Square Inc said on Monday that most of its employees can continue to work from home permanently even after offices reopen, following a similar announcement from Twitter Inc, which is also headed by the billionaire.
Trading Ideas
Coronavirus latest: Monday, May 18
On Monday, Moderna announced that its coronavirus vaccine, mRNA-1273, had seen very strong, positive data from its phase 1 clinical studies. Yahoo Finance’s Anjalee Khemlani joins The Final Round to break down the latest news about the coronavirus. …read more […]
Business News
Supplier restarts flow of critical truck parts to Detroit automakers
Dana Inc , a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its 750-person workforce and less than 1% absenteeism, according to plant manager Craig Zimmerly.
Trading Ideas
As flying returns, jetmakers seek to quell fears over cabin air
Boeing has appointed former engineering and development chief Mike Delaney to head wider efforts to build confidence, and Airbus leaders say the industry is moving from an initial crisis phase to securing public trust. Health officials are still quantifying various sources of transmission for COVID-19 disease caused by the virus, but attention focuses on the risk of catching it from airborne droplets from coughing or sneezing passengers as well as from touching infected surfaces. “It’s about explaining what we do for the safety of passengers in the large sense: aircraft safety but also sanitary …read more […]
Business News
Global shares, oil rally on vaccine hopes, lockdown easing
A gauge of global equity markets surged almost 3% on Monday and oil rallied to highs last seen in mid-April as data from an early-stage trial for a coronavirus vaccine lifted hopes of a faster recovery from the pandemic-driven economic slump.
Business News
S&P 500 closes at 10-week high on vaccine hopes, stimulus pledge
U.S. stocks jumped on Monday, and the S&P 500 closed at a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the promise of more stimulus to lift an economy beaten down by the pandemic.
Business News
Trump says should be possible to allow PPP borrowers more time to use loans
U.S. President Donald Trump said on Monday extending the amount of time borrowers in the Paycheck Protection Program have to spend their funds to 24 weeks from the current eight weeks “should be easy.”
Business News
As flying returns, jetmakers seek to quell fears over cabin air
Jet manufacturers and airlines are launching an urgent initiative to convince nervous travelers that the air they breathe on planes is safe, believing this is critical to rebuilding a travel industry floored by the novel coronavirus.
Trading Ideas
PG&E's bankruptcy plan wins support from wildfire victims
Pacific Gas & Electric’s plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility’s fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion fund that’s supposed to cover their losses. The backing of the wildfire victims keeps PG&E on track to meet a June 30 deadline to emerge from bankruptcy in time to qualify for a coverage from a California wildfire insurance fund created to help protect the utility from getting into financial trouble again. The current bankruptcy case, which began …read more […]
Trading Ideas
Swing Trading: What It Is and How to Do it
Swing trading is a style of stock trading that focuses on the medium term. It differs from trading that focuses on shorter duration like day trading and longer durations trend trading.
Swing trading also differs from long term investing. Each of these trading and investing styles have their own pros and cons.
Some investors believe that buying and holding longterm is the only viable trading strategy for beating the market over time. But many shorter term traders disagree.
In this article, we will take a look at what swing trading is and how to do it.
What Is Swing Trading
You can understand swing trading …read more […]
Business News
Lucky U.S. chickens fly the coop as pandemic hits egg demand
About 1,000 lucky chickens flew on two chartered cargo planes to a California sanctuary from an Iowa farm that has been euthanizing its flock as the coronavirus outbreak slashes restaurant demand for eggs, an animal rights group said.
Business News
Ailing icon Thyssenkrupp seeks partners for steel, warship units
Thyssenkrupp on Monday said it was looking for partners for its steel and warship divisions, singling out just three lines of businesses that will stay within the struggling German industrial icon.
Trading Ideas
Coronavirus update: Moderna targets vaccine approval by year's end as reopenings continue
All eyes were on Moderna, which sparked a big rally on Wall Street after announcing promising early trial data of a coronavirus vaccine that is the furthest along among U.S. biotechs in the race. …read more […]
Business News
Global shares, oil rally as lockdowns ease, vaccine hopes
A gauge of global equity markets surged 3% on Monday and oil rallied to highs last seen in mid-April as data from an early-stage trial for a coronavirus vaccine lifted hopes of a faster recovery from the pandemic-driven economic slump.