Asian stocks were set to follow a late Wall Street surge on Tuesday, after the Federal Reserve’s fresh move to support financial markets through the coronavirus pandemic cheered investors.
The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff on travel restrictions in the midst of the novel coronavirus pandemic.
The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic.
In this article you are going to find out whether hedge funds think Everi Holdings Inc (NYSE:EVRI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […] …read more […]
Embraer SA said on Monday it had secured a $600 million loan, partly backed by Brazil’s government, at the same time as a key executive departed the planemaker weeks after a potentially transformational deal with Boeing Co fell apart.
You know the old saying…
There are bulls – there are bears – and there are pigs.
One of the three gets slaughtered.
But lately, CNBC has introduced a new animal into the mix – and it perfectly describes the massive jumping around that the major markets have been doing lately…
A kangaroo…
In a “kangaroo” market, the extreme daily ups and downs are as logical as a rubber bouncy ball that you throw inside a racquetball court.
I’m sure you’ve seen this market action with your own eyes over the last week.
As it looks right now, the second pandemic wave that we’ve been warning …read more […]
Delta Air Lines said on Monday it would resume passenger flights to Shanghai from Seattle, via Seoul, next week following Chinese government approval for U.S. carriers to fly there, with once weekly flights from Seattle and Detroit beginning in July.
The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.
General Motors Co’s top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China.
Proxy adviser Institutional Shareholder Services Inc (ISS) on Monday urged Tesla Inc shareholders to vote against the re-election of chairwoman Robyn Denholm at the electric carmaker’s annual meeting next month.
Apple Inc on Monday released the results of a study that found its App Store spurred $458 billion in sales last year from categories such as retail of physical goods, ride-hailing and advertising from which the iPhone maker takes no commission.
Planemaker Embraer said on Monday it will receive a $600 million loan, financed partly by Brazil’s government, to help the company weather the coronavirus crisis that has ravaged the air travel industry.
Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the workplace.
JPMorgan Chase & Co plans to start returning more traders and sales staff to its Manhattan headquarters starting next week with volunteers, a source familiar with the matter said on Monday.Roughly 20% of the bank’s sales and trading staff have worked at its New York office throughout the coronavirus pandemic. Starting on June 22, the bank will gradually increase its in-office staff to as much as 50% by mid-July, the source said.
Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.
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