Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.
The focus Friday will be on potential market volatility and consumer sentiment data. …read more […]
Posted by OFX AUD – Australian Dollar The Australian dollar plunged through trade on Thursday as investors’ appetite for risk soured, prompting a flight to haven assets. Having touched early morning highs just shy of 0.70 US cents the AUD came under sustained selling pressure throughout the day as investor optimism surrounding … Continue reading “Australian dollar plunges lower as uncertainty floods markets”The post Australian dollar plunges lower as uncertainty floods markets appeared first on . …read more […]
Whoever invested in Royal Caribbean (RCL) a month ago has seen returns in the shape of 45%. As liquidity boosting measures have been put in place, and cruise lines are aiming to resume operations later in the year, optimism has sent these stocks soaring. Zoom out though, and on a year-to-date basis, RCL is still sinking 59% into the red.This fact indicates how far the industry has fallen since the pandemic’s onset. As further evidence of the struggles faced by cruise lines in these COVID-driven times, barely a month after Royal Caribbean sold over $3 billion in senior secured notes …read more […]
The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:
Zoom Video Communications Inc said on Thursday the Chinese government demanded the termination of four public meetings held on its video conferencing platform on June 4 to commemorate the 31st anniversary of China’s Tiananmen Square crackdown.
Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.
Sometimes, it’s best to get your information straight from the experts. Needham’s 5-star analyst Rajvindra Gill, an expert in the tech sector, has the lowdown on autonomous cars and the companies that will support them. He was part of Needham’s recent 4th Annual Virtual Automotive Tech Conference, and in a report this week he expounds on the highlights of the event.The conference focused on the impact of COVID-19 on the advent of Advanced Driver Assistance Systems (ADAS), and featured presentations from and about auto industry reps, semiconductor manufacturers, battery suppliers, software companies – even rideshare companies. Self-driving cars are on …read more […]
The bankrupt retailer, which has reopened some 475 stores, had sought an extension on its lease obligations for June and July. …read more […]
Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), according to people familiar with the matter,
A stock market that shook off the coronavirus pandemic, economic devastation and sky-high equity valuations was reminded of all three on Thursday, as Wall Street took its biggest dive in three months.
Last week, War Room members hit another home run despite this crazy market. It was with a small cap stock they jumped in and out of in a very short period.
We trade a lot of options in The War Room, but we also trade stocks. We’ll always sniff out an opportunity if there’s money to be made.
Once again, we followed the insiders on news giant Gannett (NYSE: GCI), which operates a bunch of newspapers, the biggest being USA Today.
The shares crashed down to $1 range as the coronavirus impact was felt far and wide. Gannett laid people off, cut down …read more […]
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe’s Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
Palantir Technologies Inc is aiming to file confidentially with U.S. regulators for a public listing in the coming weeks, according to people familiar with the matter.
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