Trading Ideas
Month: May 2020
Business News
No U.S. state avoided job losses in April: Labor Department
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the United States, the Labor Department said on Friday.
Business News
Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
Business News
Wall Street dips as U.S.-China tensions add to economic woes
U.S. stock indexes dropped on Friday as Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.
Business News
Oil drops 4% on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 4% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Trading Ideas
Alibaba’s strong earnings boosted by online sales amid coronavirus lockdown
Alibaba’s online sales skyrocketed in its quarterly earnings report. Yahoo Finance’s Jared Blikre weighs in on the latest financial results. …read more […]
Business News
GM delays resumption of second shift at 3 North American truck plants -source
General Motors Co is delaying the resumption of second shifts at truck assembly plants in Michigan, Indiana and Mexico because of a lack of parts from Mexico, a person briefed on the matter said.
Trading Ideas
Netflix cancelling subscriptions ‘is more a positive PR move than anything else’: Analyst
Neil Macker, Morningstar Analyst, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss Netflix’s latest announcement that it plans to cancel inactive membership. Macker also weighs in on the overall streaming industry, including how a lack of production in 2020 could leave an impact in years to come. …read more […]
Business News
Wall Street dips on U.S.-China tensions, economic woes
U.S. stock indexes moved in a flat-to-low range on Friday as simmering Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.
Business News
Unemployment rose in all 50 U.S. states in April: Labor Department’s BLS
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the United States, the Labor Department said on Friday.
Business News
Exclusive: BP’s Looney halves top management roles in energy transition plan
BP is more than halving the size of its senior management team as part of Chief Executive Bernard Looney’s drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy.
Business News
GM delays resumption of second shift at three North American truck plants: source
General Motors Co is delaying the resumption of second shifts at truck assembly plants in Michigan, Indiana and Mexico because of a lack of parts from Mexico, a person briefed on the matter said.
Business News
Deere signals recovery as U.S. farmers to benefit from relief program
Deere & Co on Friday topped quarterly sales and profit estimates and forecast a smaller-than-expected fall in farm equipment sales for the year, signaling a recovery in demand for its harvesters and tractors.
Business News
Take Five: Coronavirus vaccine race is on
U.S. President Donald Trump has put his faith in anti-malarial drug hydroxychloroquine to ward off COVID-19, but governments and investors are focusing on a vaccine. Without one, it’s unlikely economic activity can resume fully.
Trading Ideas
Trump-Touted Drugs Tied to Deaths; Vaccine Trials: Virus Update
(Bloomberg) — The antimalaria drugs that U.S. President Donald Trump has touted to fight Covid-19 are linked to an increase of death and heart ailments.Oxford University and AstraZeneca started recruiting subjects for advanced human studies of one of the fastest-moving experimental vaccines. Anthony Fauci, who is leading the U.S. infectious disease control effort, said he was “cautiously optimistic” about Moderna’s vaccine, boosting the stock.Brazil had another record day of deaths and its government agreed to the terms of a financial aid package. Beijing abandoned a growth target for 2020 amid the uncertainty caused by the coronavirus, while central banks in …read more […]