Year: 2020

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Trading Ideas

Needham: 3 Top-Notch Stocks to Buy for a Volatile 2020

April 17, 2020 admin Comments Off on Needham: 3 Top-Notch Stocks to Buy for a Volatile 2020

The stock market is currently caught in a somewhat volatile trading range. The news headlines are far from pretty – the ranks of newly unemployed jumped to 22 million in the U.S. since policymakers are keeping people home to stem new coronavirus infections. Economic growth came to a standstill to end the first quarter, and start the second.But there are pockets of strength, and will be more in the coming months. Once the economy gets to 2021, the year-over-year trends in next year’s first and second quarters could be eye-popping. Healthcare is holding up very well for obvious reasons. Technology …read more […]

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Trading Ideas

U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say

April 17, 2020 admin Comments Off on U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say

Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement. “However, many airlines have been obfuscating this right by offering travel vouchers as the default option, requiring passengers to take burdensome steps to request refunds instead,” they said. The Democratic senators had asked Alaska Air Group Inc, Allegiant Air, American Airlines, Delta Air Lines Inc , Frontier Airlines, Hawaiian Airlines, JetBlue Airways Corp , Southwest Airlines Co , Spirit Airlines Inc …read more […]

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Trading Ideas

Shopify Surges After CTO Touts ‘Black Friday Level Traffic’

April 17, 2020 admin Comments Off on Shopify Surges After CTO Touts ‘Black Friday Level Traffic’

(Bloomberg) — Shopify Inc. shares are on track for a record high after an executive said the e-commerce company was experiencing traffic similar to peak holiday levels and predicted even more growth.“As we help thousands of businesses to move online, our platform is now handling Black Friday level traffic every day!” Chief Technology Officer Jean-Michel Lemieux said Thursday on Twitter, referring to the day after Thanksgiving that is one of the busiest shopping days of the year. “It won’t be long before traffic has doubled or more.”Shopify gained as much as 11% on Friday, after rising 5.9% on Thursday. During …read more […]

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Business News

NY Fed markets head says central bank will be transparent with new lending facilities

April 17, 2020 admin Comments Off on NY Fed markets head says central bank will be transparent with new lending facilities

Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem losses from a “synchronized global selloff” and to help markets function, a senior official at the New York Fed said Friday.

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