Republicans in the U.S. Senate and the Trump administration on Tuesday warned that a key program to help small businesses survive the coronavirus pandemic was running out of money, pressuring Democrats to agree on an emergency infusion of aid.
Goldman Sachs is out with a dour read on the state of the U.S. manufacturing sector. …read more […]
(Bloomberg Opinion) — With Netflix Inc. soaring to new highs, it may be tempting to think video-streaming platform Roku Inc. might be the next big stay-at-home play amid heightened demand for viewing options in a coronavirus world. But investors should be wary of any comparison between the two companies as they have drastically different business models. Simply, Roku is no Netflix.Late Monday, Roku updated its financial guidance for the quarter ended in March, projecting a slightly higher sales range of $307 million to $317 million, versus its prior forecast of about $305 million. The company said it saw increased …read more […]
Oil prices fell around 6% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic.
Amazon will have to limit its deliveries in France to essential goods like food and medical supplies while it carries out a more thorough assessment of the risk of coronavirus contagion at its warehouses, a French court ruled on Tuesday.
Shares of Tesla Inc surged 12% on Tuesday after Credit Suisse upgraded its rating on the electric carmaker and as Wall Street rallied on optimism the coronavirus outbreak was reaching a plateau.
Apple Inc on Tuesday said it would release data that could help inform public health authorities on whether people are driving less during lockdown orders to slow the spread of the new coronavirus.
German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro ($3.3 billion) government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus.
What time does the stock market close? This may seem like a simple question, but it’s important for new traders to understand completely. In general, the New York Stock Exchange (NYSE) and the Nasdaq are both open Monday through Friday from 9:30 a.m. to 4 p.m. Eastern Standard Time (EST).
Trading stocks outside of these hours comes with its own set of circumstances. Moreover, there are nine federal holidays in which the market is closed each year.
What Time Does the Stock Market Close in the United States?
The New York Stock Exchange and the Nasdaq are the two primary stock exchanges in …read more […]
Texas energy regulators on Tuesday morning started to hear from dozens of energy executives on an initiative calling for the state to mandate an output cut to stem the sharpest oil price drop in decades.
Beating the first quarter’s market crash took some extreme strategies, such as moving nearly everything to cash, or going very short. Now, fund managers who prevailed during the worst start to a year for U.S. stocks are betting on recession-resilient companies to take them to the next leg.
Citi Private Bank Chief Investment Officer David Bailin joins Yahoo Finance’s On The Move panel to address why reopening businesses slowly will be more efficient for the economy. …read more […]
The top U.S. infectious disease expert Anthony Fauci said on Tuesday that a May 1 target date for reopening the economy was “a bit overly optimistic,” citing a lack of critical testing and tracing procedures.
The cruise industry received another blow on April 9, when the Centers for Disease Control and Prevention extended its initial No Sail Order a further 100 days, pushing the potential resumption of the cruise industry’s operations until late July. But the cruise industry seems to think this rule doesn’t yet apply to them just yet. […] …read more […]
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