President Trump claims he has ‘total’ authority to reopen the economy, but state governors say otherwise. Professor at Harvard Law School Mark Tushnet joins Yahoo Finance’s On The Move to break down who has the power to reopen the economy. …read more […]
Oil prices sank on Wednesday after the United States reported a 19 million-barrel increase in inventories, the biggest weekly build ever, while forecasts showed global demand crumbling to its lowest levels in a quarter of a century due to the coronavirus pandemic.
UnitedHealth Group Inc on Wednesday reaffirmed its financial targets for the year, but cautioned it was uncertain of the impact of elective procedures being postponed by Americans during the COVID-19 pandemic.
U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts’ views that the economy contracted in the first quarter at its sharpest pace in decades as extraordinary measures to control the spread of the novel coronavirus shut down the country.
The Pentagon’s inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged “presidential communications.”
The S&P 500 recoiled on Wednesday from a four-week high, as dire forecasts for the worst economic downturn since the Great Depression were strengthened by a crash in business activity and dismal first-quarter earnings reports.
Yahoo Finance’s Brian Cheung joins Yahoo Finance’s On The Move panel to share banking industry earnings during the coronavirus crisis pandemic. …read more […]
U.S. retail sales fell at a record pace in March, and economists are scrambling to find the right words to illustrate the rapid deterioration of the U.S. economy amid the COVID-19 pandemic. …read more […]
Retailer J.C. Penny explores bankruptcy as the business continues to struggle with the fallout from the COVID-19 pandemic. Yahoo Finance’s Brian Sozzi shares the latest. …read more […]
Michigan Senator Gary Peters joins Yahoo Finance’s Jessica Smith to discuss Washington’s response to the coronavirus pandemic. …read more […]
In last week’s trading, stocks showed their best weekly gains in over 40 years, prompting a wave of confidence among investors. But it’s not clear that the bulls really want to start running – today, the S&P slipped 2.5%. Volatility indicators remain high, as daily trading results remain unpredictable.The market gyrations are the direct result of the strong reactions to the COVID-19 epidemic. New York City, the world’s financial center, is clearly at the center of the epidemic in the US, but social distancing, shutdowns, lockdowns, and quarantines are being applied in varying degrees throughout the country – and worldwide. …read more […]
VANCOUVER, Washington, April 15, 2020 — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today it has […]
(Bloomberg) — Bridgewater Associates’ Ray Dalio, founder of of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy.“This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to hold bonds,” Dalio said Wednesday on the Bloomberg Invest Talks webcast. “If you’re holding a bond that gives you no interest rate, or a negative interest rate, and they’re producing a lot of currency and you’re going to receive that, why would you hold that bond?”Dalio may …read more […]
Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question. The Organization of the Petroleum Exporting Countries (OPEC), along with Russia and other producing nations – known as OPEC+ – has partnered with other oil-pumping countries including the United States to cut supply by around 20 million barrels per day. “No matter how hard OPEC tries to convince the market of its strength and resolve, it has so far failed to succeed.” …read more […]
Academy Securities Head of Macro Strategy Peter Tchir joins Yahoo Finance’s On The Move panel to discuss market outlook, and the potential reopening of the economy amid the coronavirus pandemic. …read more […]
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