Benchmark U.S. crude fell 2% at open on Friday, coming off its biggest one-day gain in the previous session after President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut.
Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by promising face masks, gloves and sanitizers.
In the past five years, U.S. airlines have boosted profits by adding extra summer flights to Europe, capitalizing on consumers’ near insatiable desire to travel abroad in June, July, and August. But on Thursday American Airlines admitted the great summer European cash grab will not return in 2020. American announced a slew of global cuts […] …read more […]
Euphoria. Disbelief. Fear. Panic. Self-doubt. Disbelief. Euphoria.
These are the emotions and feelings most people go through when a market has just peaked…
Now it’s headed the other way.
Normally investors go through these emotions over the course of a few months. This time they’re happening ALL at once!
At market tops, people are euphoric, stocks are going higher and everything is good.
Disbelief sets in when a shock to the system, like the coronavirus pandemic, starts making headlines and the market starts to gyrate.
Then fear comes when the market starts to fall every day and the bad news keeps coming. Panic starts when people …read more […]
Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system.
The U.S. Air Force will release $882 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, a Pentagon official said on Thursday.
Rates have dropped this week and are giving homeowners new opportunities to save. …read more […]
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how cuts would work were unclear.
Stock futures kicked off the overnight session TKTKTK Thursday as market participants considered mounting signals of labor market devastation amid the still-escalating coronavirus pandemic. …read more […]
Tesla Inc said on Thursday Model Y production and deliveries were significantly ahead of schedule, even as its March quarter deliveries fell short of Wall Street estimates by about 5,000 vehicles.
General Motors Co and Honda Motor Co Ltd said on Thursday they would jointly develop two new electric vehicles for Honda and are exploring more ways to expand their alliance.
U.S. President Donald Trump on Thursday invoked the Defense Production Act to aid companies building ventilators for coronavirus patients to receive the supply of materials they need.
The deadly and rapidly spreading COVID-19 outbreak has been wreaking havoc on companies around the world. Nevertheless, some companies — including online pet product retailer Chewy — have emerged as winners amid the chaos. …read more […]
Editor’s Note: Our very own Matthew Carr just launched a YouTube channel!
Each week, Matthew will share with viewers his tips and tricks on maximizing returns while minimizing risk… especially during these tumultuous times.
I’ll even tell you a secret…
His video for tomorrow features a special furry friend!
Click here to watch the first episode and SUBSCRIBE to the free channel.
– Kaitlyn Hopkins, Assistant Managing Editor
In times of chaos, there is opportunity.
And even during great upheavals – as my colleague David Fessler loves to say – “Technology marches on.”
Yes, we are living through a surreal moment.
But this new environment – this new way …read more […]
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