Wall Street’s main indexes were set to open lower on Friday after the Trump administration’s move to block semiconductor shipments to China’s Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.
5G is here. The new digital wireless technology first started to make waves in 2017, with connectivity tests in Argentina, Norway, and Poland. By late 2018, active 5G networks were starting to appear on a limited basis in various urban areas, and in 2019 the first nationwide networks went into operation in the US and China. As 2020 matures, industry analysts expect to see these networks expand, as providers move into the mid- and high-frequency bands.Looking ahead at the landscape 5G companies will have to navigate, Roth Capital’s Scott Searle writes, “5G represents a multi-year product cycle that will drive …read more […]
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over the crash of an 737 MAX plane in March 2019, CEO Tewolde Gebremariam told Reuters on Friday.
A Vroom IPO is coming to the markets. The company confidentially filed to go public with the SEC. Now, investors are wondering when to expect Vroom stock.
But is Vroom a good investment? Here’s what we know…
Vroom IPO: The Business
In August of 2013, three friends founded Vroom. Vroom is an online car resale service. Currently, the company is headquartered in New York City. Vroom handles the process between buyer and seller rather than a peer-to-peer model, like Craigslist for example. It also offers financing through multiple banks and provides delivery nationwide.
Vroom’s CEO is Paul Hennessy, the former CEO of Priceline.com. In …read more […]
The Belgian government said on Friday it had told Lufthansa it could only invest in its Belgian subsidiary Brussels Airlines if certain conditions were met, according to a joint statement with Lufthansa.
U.S. stocks futures extended declines slightly on Friday after data showed retail sales plunged much more than expected in April, underscoring the deep economic slump caused by the coronavirus pandemic.
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
World stocks edged up on Friday and oil prices rallied more than 2%, lifting sentiment after a week pressured by deteriorating U.S.-China relations.
U.S. consumer activity took another massive blow in April following a record plunge in March. …read more […]
I have one indicator that will serve you well in this type of market…
For a longer-term buy signal, I look to the performance of these four stocks: Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Bank of America (NYSE: BAC).
These companies are considered to be money center banks and fall into the category of too big to fail (TBTF).
In order to have a bona fide rally in the market, these “Four Horsemen” must participate. It’s simple really. If banks aren’t performing well, then the underlying economy is not performing well either.
Today, banks in the U.S. are …read more […]
Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.
U.S. stock index futures slipped on Friday after the Trump administration moved to block shipments of semiconductors to China’s Huawei Technologies from global chipmakers, a move that could ramp up trade tensions between Washington and Beijing.
Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus.
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