J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
With schools closed until the fall…
One company is receiving a record amount of user engagement.
This company just reported its first quarter revenues are up 34% from a year ago.
Plus, it reported a steep deceleration in ad spending last month…
Less spending – more user engagement.
It’s the perfect mix – making it your Trade Talk Tuesdays pick for this week.
I outline it all for you.
Click the play button below to get the full scoop…
For full instructions on how to play picks like this, join me in The War Room!
The post This $17 Stock Is Reporting Record User Engagement appeared first on Investment …read more […]
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers jobs until October while the industry works to overcome its biggest-ever crisis.
(Bloomberg) — Oil clawed back some lost ground in Asia, holding above the $20 a barrel level, after more gloomy forecasts on the demand destruction wrought by Covid-19 saw prices tumble on Tuesday.Futures in New York rallied as much as 3.7%, after diving more than 10% on Tuesday as plunging demand and a massive supply glut overshadowed the deal struck between the world’s largest producers to curb output. The International Monetary Fund estimated that global gross domestic product will shrink 3% this year, a signal that energy demand may remain weak longer than anticipated, especially if the coronavirus lingers or …read more […]
(Bloomberg) — U.S. airlines reached preliminary agreements with the Treasury Department to access billions of dollars in aid as the government attempts to shore up one of the industries hardest hit by the coronavirus pandemic.The deal covers all major carriers, the Treasury said in a statement. American Airlines Group Inc., for example, said it would get $5.8 billion in total support while Southwest Airlines Co. said it would receive $3.2 billion. The government is doling out $25 billion in payroll assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27.“We welcome the news that …read more […]
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter. The Plano, Texas-based company has access to enough cash to survive in the months ahead, even as revenue dries up because of the store closures, the sources said. …read more […]
Stock futures were roughly flat Tuesday evening as investors considered ongoing signs that coronavirus cases were leveling off in some hot spots in the U.S., helping brighten the prospects that social distancing measures would be lifted and business activity would eventually resume. …read more […]
Carnival Corp-owned Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a “no sail order” from U.S. health officials.
General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April, it said on Tuesday, aiming for 9 million masks over six months to help curb the spread of the coronavirus.
General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first batch of the medical equipment to the U.S. government this month.
Amazon.com Inc said on Tuesday it had fired three reported critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from U.S. Senator Bernie Sanders and a labor coalition.
The market is now pricing “a very enthusiastic outlook” on how and when the economy will re-open, says David Bailin, Citi Private Bank’s chief investment officer. …read more […]
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
Ken Leon, CFRA Analyst, joined Yahoo Finance’s Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss JPMorgan and Wells Fargo earnings reports. …read more […]
Procter & Gamble Co raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it aims to provide shareholders information as quickly and transparently as possible.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
