Trading Ideas
Year: 2020
Business News
S&P gains as investors juggle pandemic fears with recovery prospects
The S&P edged higher on Thursday as investors weighed the prospect of additional stimulus and states reopening for business against bellicose remarks from President Donald Trump about U.S.-China trade negotiations and dire warnings from a whistleblower about the U.S. response to the coronavirus pandemic.
Business News
Lufthansa restores routes, targets 1,800 weekly flights
Lufthansa plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by the coronavirus crisis, the German airline group said on Thursday.
Business News
Seven weeks into coronavirus lockdowns, Fed has a new, darker message
One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC’s “Today Show” to offer a reassuring message to Americans dealing with economic fallout from measures to contain the coronavirus outbreak.
Trading Ideas
Appeals court revives lawsuit involving Trump hotel in D.C.
The full 4th Circuit Court of Appeals has overturned the ruling of a three-judge panel, allowing the review of Trump Organization finances. …read more […]
Trading Ideas
3 “Strong Buy” Penny Stocks With Triple-Digit Upside
Given the troubling state of the U.S. economy, what’s driving the bullish sentiment on Wall Street? Stimulus.Among the bulls is chief investment strategist at CFRA, Sam Stovall, who estimates that the S&P 500 will hit 3,435 within a year. From current levels, this would reflect a double-digit gain, and come in above the 3,393 high-point posted on February 19. Back in March, he even went so far as to call for a new high in the third quarter, but since then he has updated his forecasts.“We’ve had a lot of people compare it with the Crash of ’29, the Depression …read more […]
Business News
Lower-income workers hit harder by coronavirus job losses, Fed survey finds
The coronavirus crisis drove a dramatic weakening in American households’ finances as millions of people lost work or had their hours or pay reduced, with low-wage workers taking the biggest hit, according to a report released by the Federal Reserve on Thursday.
Business News
Bank stocks push Wall St higher amid lingering economic worries
Wall Street’s main indexes turned higher in volatile trade on Thursday with bank stocks leading the charge, even as renewed worries about Sino-U.S. trade relations and fears of a prolonged economic weakness lingered.
Trading Ideas
Apple Acquires Startup NextVR that Broadcasts VR Content
(Bloomberg) — Apple Inc. confirmed it acquired NextVR, a startup that provides sports and other content for virtual-reality headsets.The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.’s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.NextVR has deals with sports leagues including the National Basketball Association and entertainment networks such as Fox Sports. The startup also has expertise in live streaming in virtual reality, which could also be useful for live concerts and games.The Newport Beach, California-based startup officially shut down …read more […]
Trading Ideas
The Howard Hughes Corporation (NYSE:HHC) Just Reported And Analysts Have Been Cutting Their Estimates
It’s shaping up to be a tough period for The Howard Hughes Corporation (NYSE:HHC), which a week ago released some… …read more […]
Trading Ideas
Nvidia unveils new AI to fight coronavirus
Nvidia uses their AI expertise to fight COVID-19. Yahoo Finance’s Dan Howley joins the On The Move panel to discuss. …read more […]
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More consumers show interest in traveling on cruises in the near term: Analyst
Norwegian Cruise Line posted its first quarter earnings report on Thursday. Wedbush Securities Leisure & Travel Analyst James Hardiman joins Yahoo Finance’s On The Move to discuss Norwegian Cruise Line’s latest financial results and address the challenges the cruise industry may face post-pandemic. …read more […]
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Coronavirus job losses are hitting these states the hardest
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits coming in at nearly 3 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung break down the details. …read more […]
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Tesla says employees who don’t return to work could lose unemployment benefits
Tesla HR told employees if they refuse to return to work at the company’s reopened plants, they risk losing unemployment benefits. Yahoo Finance’s On The Move panel discusses. …read more […]
Trading Ideas
The Elon Musk housing sell-off ramps up
Elon Musk has listed another five of his California homes. The tech billionaire now has seven properties for sale for a combined $137 million. …read more […]