Year: 2020

(Bloomberg) — U.S. equity futures retreated in early trading Monday as investors looked toward a busy week for corporate earnings amid signs of an easing in the global coronavirus spread. Asian contracts were mixed.S&P 500 futures were down about 0.5%, after the gauge closed almost 3% higher Friday. Japanese and Hong Kong contracts dipped, while those in Australia were little changed. The dollar and Treasury futures were steady as New York Governor Andrew Cuomo said the state may be past the high point of coronavirus deaths, as cases and fatalities slowed. Fewer daily deaths were also reported in Italy, Spain …read more […]

(Bloomberg) — ​​​​​​While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing.The radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped out more than a third of annual global output at a time when demand from power plants has remained relatively stable.“This is a bit of a one-two punch in uranium’s favor,” said Nick Piquard, a portfolio manager at Horizons ETFs. “Not only has Covid-19 likely not impacted nuclear power demand very much, but it is …read more […]

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This weekend’s Barron’s cover story examines the revolution in telehealth and virtual medicine.Other featured articles ponder how well businesses will snap back from the crisis and discuss companies that are boosting dividends instead of cutting them.Also, the prospects for a Detroit automaker, UTC spin-offs, overlooked stay-at-home picks and more.Cover story “Coronavirus Ushered in Medicine’s Digital Revolution” by Daren Fonda points out that the pandemic lockdown has accelerated adoption of telehealth and virtual medicine and that revenue potential for Teladoc Health Inc (NYSE: TDOC) and others is vast.Jack Hough’s “Ford’s CEO Says Its Cars Will Be Built to Kill Viruses” shows …read more […]

Shale oil and natural gas company Chesapeake Energy Corporation (CHK) announced that it has suspended dividend payments on each series of its outstanding convertible preferred stock with immediate effect.The dividend suspension comes just days after the debt-laden shale producer’s shareholders on Monday voted in favor of a reverse stock split at a ratio 1:200, a move aimed at boosting its share price to stave off a delisting that could trigger calls for some immediate debt repayment. The move was initiated after Chesapeake shares plunged 81% this year to as low as 16 cents.“Suspension of the dividend does not constitute an …read more […]

The week kicked off with shares of Aurora Cannabis Inc. (NYSE: ACB) plummeting after the Canada-based company announced Monday that it would renew its at-the-market offering of up to $350 million in stock and complete a board-approved 1-for-12 reverse stock split.The main objective of the latter move was to drive the share price above $1, which is a requirement to remain listed on the New York Stock Exchange. The reverse stock split is scheduled for May 11.Cantor Fitzgerald maintained an Overweight rating on Aurora, but lowered the price target from CA$3.80 ($2.71) to CA$2.75 ($1.96). Canopy Growth Corporation (TSX: WEED) …read more […]

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In an opinion column https://thenevadaindependent.com/article/a-plan-to-re-open-nevada published on the Nevada Independent news website, Maddox said Governor Steve Sisolak should reopen parts of the local economy in early May. Sisolak ordered all casinos and other nonessential businesses in the state to close for 30 days beginning March 18. In Nevada, there have been at least 3,725 people confirmed to have the coronavirus and 155 deaths. …read more […]

Economic Impact Payments hit millions of accounts on or before April 15. But others report headaches in trying to track their cash. …read more […]

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce, software and social media leaders.Bearish calls included the iPhone maker and a top video streamer.The major U.S. indexes saw another gain for the week, led by the 6% rise in the Nasdaq. Big banks kicked off the first-quarter earnings reporting season, new jobless numbers remained ugly, the president pushed to restart the U.S. economy by reopening businesses and there were signs that things might be looking up for oil.Benzinga continues to examine the prospects for many of the stocks most popular with …read more […]

The coronavirus is changing the media landscape as Hollywood braces for an uncertain future. …read more […]

Nelson suspects the towering plants and refineries are to blame, rising like a lit-up city at night around her squat brick apartment building in the rugged Texas Gulf Coast city of Port Arthur. Ask Nelson what protection the federal government and plant operators provide her African American community, and her answer is blunt. “They’re basically killing us,” says the 37-year-old, who herself has been diagnosed with respiratory problems since moving to the community after 2017′s Hurricane Harvey. …read more […]

As the White House pushes for a phased reopening in parts of the country, shortages of reagents — largely from China and Italy — are still an acute concern. …read more […]