Thyssenkrupp’s CEO on Tuesday said that she could not put a timeline on the group’s fresh turnaround plans, saying that selling assets – a key part of its strategy – was difficult in the current environment.
And they’re off to the races. All three of the major U.S. stock indexes popped on Monday after biotech company Moderna reported its experimental COVID-19 vaccine produced encouraging results in its Phase 1 trial, with it appearing to be safe and able to generate an immune response against the virus.While the news has inspired optimism among market watchers, one investing guru is saying slow your roll. Billionaire Steve Cohen told the employees of his investment firm, Point72 Asset Management, to use caution amid the market’s slight rebounds from low points.In a note to his staff, Cohen wrote, “Markets don’t come …read more […]
French carmaker Renault plans to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz after the coronavirus epidemic hit demand for its products, Revoz said on Tuesday.
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.
British supermarket group Asda got a sales boost in the first quarter from consumers stocking up before the coronavirus lockdown but it also highlighted that 90% of its shoppers now fear an economic depression.
U.S. stock index futures were trading flat on Tuesday, handing back some gains from the S&P 500’s best day in six weeks in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.
About 50% of its outposts are now open. …read more […]
The Kraft Heinz Company (NASDAQ:KHC) shareholders should be happy to see the share price up 13% in the last quarter… …read more […]
Two top U.S. airlines said on Tuesday ticket cancellations were slowing and demand was showing some signs of improvement, with Southwest Airlines Co recording more trip reservations than cancellations so far this month.
White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants to see a 7.6% cut in the payroll tax, hoping it will help staunch economic pain caused by the coronavirus pandemic.
In recent weeks, the coronavirus conversation has shifted. We’re starting to talk about the great reopening, the restart of the economy after months of enforced shutdowns. The practical effects will be played out in the various states, as some stay in lockdown while others move, in a range of ways, to restart the business of living.The results will inform the national debate, whether we’ll see the grim path of a prolonged recession, the rosy case of a V-shaped recovery, or something in between. But a full recovery is for the long-term; closer in, the risks are greater. Writing on the …read more […]
Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar with the matter said on Tuesday.
Income Expert Marc Lichtenfeld explains the advantages of convertible bonds. This unique opportunity in fixed income allows investors to reap the benefits of stock appreciation and bond security. As an expert in equities and fixed income alike, Marc is always finding his readers the plays with the best profit potential. And in the bond market, the security of these plays can’t be matched. Read on below to discover how this security can help you stay invested in stocks without challenging your risk tolerance.
Stock investors have the opportunity to make considerable profits, but they have to take on risk in …read more […]
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he is continuing to see large unemployment numbers and other negative economic indicators during the second quarter, but the situation is expected to improve as the U.S. economy starts to reopen.
Dimon called the current situation a “call to action” that should prompt business and government to “lay the foundation for the kind of recovery we need [and] it is critical we do so.” …read more […]
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