Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices.
General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to the coronavirus outbreak, the Wall Street Journal reported.
Since the onset of COVID-19, social media platforms have been at the center of a tug of war between an uptick in user engagement and ad spend reductions. The problem, though, is that usage engagement is all fine and dandy, but these platforms’ revenue streams are mostly from advertising.Twitter (TWTR) is no different. The social networking site was early to recognize the issue of lower ad spend when it withdrew its previous guidance in March.Wedbush analyst Michael Pachter is “anticipating results in-line with revised commentary,” when Twitter reports Q1 earnings on Thursday, April 30.The analyst believes that, at the midpoint, …read more […]
Are you a conventional investor?
Are you happy with knowing a couple of investment strategies… mostly buy and hold?
Well, I’ve got some bad news for you. This market doesn’t take prisoners, and in order to win the war, you need to be well-versed in how to trade through this period of uncertainty.
In The War Room, we use a range of strategies… and we teach you how to use them too. Without a doubt, the most popular strategy we use is short-term options trading. Bryan Bottarelli specializes in getting in and out of trades… quickly. And our 80%-plus success rate year to …read more […]
Stock futures steadied Monday evening after a rally during the regular session sent the S&P 500 and Nasdaq to their highest levels since early March. …read more […]
(Bloomberg) — Oil held below $13 a barrel in Asia after the biggest oil ETF said it would dump the June crude contract amid dwindling global storage capacity.Futures in New York rose 1%, after plunging 25% on Monday. The United States Oil Fund LP said it would move all the money it invested in the front-month June WTI oil contract, triggering a massive swing in the price relationship between the June and July contracts. Brokerage firms are also restricting client’s abilities to add new positions to certain crude contracts.The global oil market is on track to test storage capacity limits …read more […]
In March, Americans had their lives upended.
Streets emptied, and businesses closed up shop.
Entire workforces shifted online.
Elementary schools, high schools and universities locked their doors. But students are still attending classes remotely.
The global COVID-19 pandemic brought the real world to a screeching halt.
But while empty cubicles gather dust and schoolyards remain quiet, the digital realm is thriving.
It’s fascinating that this metamorphosis was already underway. COVID-19 is just speeding up the pace. And I don’t think there’s any going back.
So investors need to prepare their portfolios for this new world order… if they haven’t already.
Stay-at-Home Economy Brings Home the Bacon
The COVID-19 economy …read more […]
Verizon Communications Inc and AT&T Inc , the two largest U.S. wireless carriers, as well as cable giant Comcast Corp said on Monday they will extend a commitment through June 30 not to cancel service or charge late fees to customers who have been impacted by the coronavirus pandemic.
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs.
Brazil’s Embraer SA said on Monday it had begun an arbitration process against Boeing Co, after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.
British Airways is planning to launch a consultation that could result in cutting about 800 of its 4,500 pilot jobs, a Sky News reporter tweeted https://twitter.com/MarkKleinmanSky/status/1254880282899091456 on Monday.
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