The tweet was one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions, raising questions about whether Musk’s account was compromised. “Tesla stock price is too high,” Musk’s Twitter account tweeted. Reuters could not immediately verify whether Musk sent the tweet. …read more […]
A decline on Wall Street dragged stocks across the world further down on Friday on concerns that the two largest economies could resume a trade war, with many financial markets globally closed for a holiday.
Exxon Mobile and Chevron tumble following earnings reports as oil prices plunge. Yahoo Finance’s Jared Blikre joins the On The Move panel to weigh in. …read more […]
Gilead’s drug to treat coronavirus shows early positive signs, but more information is required from clinical trials. …read more […]
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.
Technalysis President and Chief Analyst Bob O’Donnell joins Yahoo Finance’s On The Move to break down the latest tech earnings from Apple and Amazon. …read more […]
Tesla shares are sinking after CEO Elon Musk tweeted he thinks the stock is priced too high. Yahoo Finance’s Dan Roberts joins the On the Move panel to discuss. …read more […]
(Bloomberg) — Exxon Mobil Corp. posted its first loss in at least three decades and Chevron Corp. slashed $2 billion off its spending plan, the latest concrete signs of the financial devastation the coronavirus pandemic will inflict on the oil giants for months, if not years, to come.Exxon reported a $610 million loss on Friday, the oil giant’s first since at least 1988, and said it’s shutting hundreds of thousands of barrels of daily output. Meanwhile, Chevron slashed capital spending for the second time in five weeks and accelerated supply curbs.The results are precursors of even starker figures to come …read more […]
The largest U.S. airlines are moving rapidly to mandate facial coverings for all passengers, with Southwest Airlines Co and Alaska Airlines on Friday joining other major airlines in imposing the measure to address the spread of the coronavirus and convince reluctant passengers to resume flying.
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.
Exxon and Chevron are both out with their latest earnings report. Stewart Glickman, CFRA analyst joins Yahoo Finance to break down the details. …read more […]
Wall Street’s main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
(Bloomberg) — The coronavirus outbreak may last for two years and won’t be controlled until about two-thirds of the world’s population is immune, a group of experts said in a report. Moderna Inc., which is developing experimental vaccines, said it had entered an agreement aimed at manufacturing a billion doses a year.Russia had a surge in new cases a day after Prime Minister Mikhail Mishustin said he had tested positive. Hubei province, the epicenter of China’s outbreak, will lower its emergency response, while Japanese Prime Minister Shinzo Abe said he would probably extend the emergency by about a month.Exxon Mobil …read more […]
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon founder Jeff Bezos to testify to the panel about “competition concerns” related to the company’s business practices.
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