Trading Ideas
Chipotle reports strong Q1 sales, withdraws guidance
Chipotle’s first-quarter revenue was boosted by strong digital sales amid the coronavirus pandemic. …read more […]
Year: 2020
Trading Ideas
Goldman Sachs Sees Doom and Gloom in These 3 Tech Stock Giants
Wall Street observers hoped last week’s gains signaled the arrival of blue skies, but the COVID-19 storm is thundering on. Stocks started the week on the back foot as U.S. crude futures landed in the red for the first time in history. The lockdowns across the world have done away with the demand for crude, causing oil supply to surge.Against this backdrop, investment firm Goldman Sachs is taking stock of the names in its coverage universe, noting that COVID-19-induced social distancing measures have taken a “severe” toll on some of its companies’ end markets. Additionally, the firm argues that the …read more […]
Business News
Oil giveaway spells doom, brings out market bears
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds alarm bells for global growth and are bracing for a catastrophic collapse in asset prices.
Business News
U.S. Senate deal does not extend assistance to local news outlets
A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic.
Trading Ideas
Jefferies boosts Amazon price target to Wall Street high
Jefferies lifted its price target for Amazon to a Wall Street high on Tuesday, as the online retailer continues to benefit from the coronavirus pandemic. Yahoo Finance’s Dan Howley joins Seana Smith to break down the details. …read more […]
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Business News
Ripple sues YouTube over cryptocurrency scams
Blockchain firm Ripple sued Alphabet Inc’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money.
Business News
Strained U.S. mortgage firms get support but push for liquidity facility
The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.
Business News
California regulator wants PG&E reorganization plan changes, proposes $2 billion fine
A California regulator has asked PG&E Corp for governance and oversight changes to its reorganization plan, while proposing about $2 billion in penalties for the San-Francisco based utility’s role in causing the devastating 2017 and 2018 wildfires in California.
Business News
U.S. House could vote on Thursday on coronavirus loan bill: Hoyer
More than half the U.S. House of Representatives could return to the capitol on Thursday to pass a coronavirus relief bill that would fund small business loans and hospital aid, chamber’s second-most powerful Democrat said on Tuesday, adding he thinks both parties would approve the legislation.
Business News
U.S. Congress, White House agree on nearly $500 billion more coronavirus bailout
U.S. congressional leaders and the White House agreed on Tuesday on nearly $500 billion more in coronavirus relief for the U.S. economy, bringing to nearly $3 trillion the amount allocated to deal with the crisis.
Business News
U.S. Senate’s McConnell: reached bipartisan agreement on coronavirus bill
U.S. Senate Majority Leader Mitch McConnell welcomed a bipartisan agreement on additional coronavirus relief on Tuesday and said he hoped the Senate would quickly pass it.
Business News
Amazon staff take off work to raise safety concerns in pandemic: coalition
A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.
Business News
Oil crash pummels stocks and bond yields; dollar rises
Stock markets around the world fell on Tuesday, as oil prices kept sliding a day after May U.S. crude oil futures turned negative for the first time, shining a light on the depth of economic damage from the coronavirus pandemic.
Business News
Kering cautious on China rebound after coronavirus hits Gucci sales
Gucci sales were hit hard early in the coronavirus crisis due to the fashion group’s reliance on Chinese customers, owner Kering said on Tuesday, adding that it was premature to say how quickly China sales would rebound.