Trading Ideas
Year: 2020
Business News
KFC parent Yum says April sales improving after virus hits Q1
Yum Brands Inc said on Wednesday sales in April showed signs of improvement as stay-at-home consumers ordered in more and diners returned to restaurants after certain countries started to ease restrictions.
Trading Ideas
What to expect in Tesla's first-quarter earnings report
Tesla is set to report first-quarter earnings results Wednesday after market close, giving investors a look at the automaker’s financial performance in the three-month period that included the start of Tesla’s Fremont factory closure and weakened auto demand for consumers at large as the coronavirus outbreak spread. …read more […]
Trading Ideas
Tyson Foods Helped Create the Meat Crisis It Warns Against
(Bloomberg) — John Tyson, the billionaire whose family business reigns as the largest meat processor in the U.S., took out ads in national newspapers to complain about a “breaking” food supply chain.No one would argue that supplies aren’t an issue right now. Even Donald Trump is invoking the Defense Production Act to secure meat production. But the roots of this problem go back to decades of consolidation that Tyson’s own company helped lead. Tyson Foods Inc. and its top two rivals — JBS SA and Cargill Inc. — control today about two-thirds of America’s beef, and the large bulk of …read more […]
Trading Ideas
Why Apple’s future earnings look better than Amazon’s right now: Analyst
Google’s parent company Alphabet released its first-quarter earnings report, beating revenue expectations, but showing a significant slowdown in ad sales. D.A. Davidson Senior Research Analyst Tom Forte joins Yahoo Finance’s On The Move to discuss. …read more […]
Business News
Coronavirus savages U.S. economy in first quarter; worse still to come
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history.
Business News
China committed to Phase 1 trade deal despite pandemic: U.S. official
China remains “very, very committed” to meeting its commitments under a Phase 1 trade deal with the United States, despite the unprecedented economic and health impacts of the new coronavirus pandemic, a senior U.S. trade official said on Wednesday.
Business News
KFC operator Yum’s same-store sales, profit falls as lockdowns bite
Yum Brands Inc reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus.
Business News
British Airways owner bets on costs not bailouts to survive
A plan to axe up to 12,000 jobs at IAG’s British Airways underlines CEO Willie Walsh’s desire to survive what is expected to be aviation’s worst downturn without a state bailout.
Business News
Shares gain after encouraging COVID-19 drug data, oil jumps
A gauge of global stocks climbed on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged.
Trading Ideas
Analyst says Ford needs to 'rip the Band-Aid off' after $2B loss: What he means
Ford said Tuesday its first-quarter earnings before interest and taxes was negative $632 million, down from $2.4 billion in the first quarter of 2019. …read more […]
Business News
COVID-19 has ‘changed everything’, RBS Chairman says
Royal Bank of Scotland chairman Howard Davies said on Wednesday the coronavirus pandemic had “changed everything” and its impact on society and the economy would likely be “stark and long-lasting”.
Business News
Swiss government works with UBS, Credit Suisse on aviation sector loans
The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday.
Trading Ideas
5 Stocks That Will Rebound After Coronavirus Lockdown Ends
It may be difficult to begin thinking about stocks that will rebound after coronavirus fears die down. However, this deadly virus will pass and our society will regain its strength. The American people are resilient, and so are many of the nation’s businesses.
Most companies are taking harder hits than ever before due to the coronavirus. Revenue is down across the board and growth is at a standstill. Yet, businesses that position themselves properly will have the best chance to capitalize on the market once the pandemic is over.
Best Stocks That Will Rebound After Coronavirus Fears Settle
The reopening of the country …read more […]
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Luckin Coffee delays annual filing amid accounting probes
China’s top market regulator and securities watchdog are scrutinizing the company’s books, after Luckin said an internal investigation had shown its chief operating officer and other employees fabricated sales deals worth about 2.2 billion yuan ($310.77 million). Earlier on Wednesday, the Wall Street Journal reported the U.S. Securities and Exchange Commission was also investigating Luckin. The company , a rival to Starbucks Corp in China, also said it had limited access to its office buildings in the country due to the coronavirus pandemic, adding to the delay of it 2019 annual report, which was due on April …read more […]