U.S. stocks jumped on Monday, and the S&P 500 reached 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.
Stock market bears insist that the recent rally off the coronavirus crash makes no sense.
As Alexander Green explains today, most of them lack imagination or simply don’t understand how markets work – or both.
The majority of Americans have either never owned stocks or sold them in a panic during the last financial crisis.
They missed out entirely on the longest-running bull market in history, the one that began in March 2009 and ended in February of this year.
(The S&P 500 rose over 400% during the period. Our favorite stocks did considerably better.)
Millions more Americans have missed out on the latest bull …read more […]
Professor of Medicine at Yale and Director of The Yale New Haven Hospital Center for Outcomes Research and Evaluation Dr. Harlan Krumholz joins Yahoo Finance’s Seana Smith to discuss Moderna’s recent headway in early-stage coronavirus vaccine trial. …read more […]
Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by positive early results on a potential coronavirus vaccine and optimism about resumption in economic activity.
Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday.
J.C. Penney plans to close roughly 29% of its department stores as part of its bankruptcy. According to documents, 242 stores are slated to close. …read more […]
JPMorgan has made a number of changes in senior positions in its investment bank in the Europe, Middle East and Africa (EMEA) region to support a February reshuffle of the top roles, according to an internal memo seen by Reuters.
U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also hoping for stimulus to cushion the economic blow from the pandemic.
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday.
Investors going long may find the best opportunities in technology and ‘serendipity’ stocks, says strategist James McDonald, CEO of Hercules Investments. …read more […]
Businesses in the San Francisco Bay Area may open for manufacturing, retail with curbside pickup and warehouse distribution, health directors of five counties that make up most of the region said Monday.
The U.S. Transportation Security Administration (TSA) screened 250,467 travelers on Friday, the first time the number has surpassed 250,000 since March 24, according to daily data on its website. Delta is adding roughly 100 more daily flights in June versus May, including service out of its Atlanta hub and New York’s John F. Kennedy International Airport to Florida, even as its overall second-quarter schedule is expected to be 85% smaller than last year. …read more […]
Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from the coronavirus pandemic.
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