The virtual shutdown of the U.S. economy is barely a week old, yet the debate over when to restart is already in full swing — even as coronavirus cases surge. …read more […]
(Bloomberg) — Delta Air Lines Inc. lost its coveted investment-grade status from one rater as S&P Global Ratings cut the company to junk.“The steep decline in airline bookings due to the coronavirus outbreak will sharply reduce Delta Air Lines Inc.’s revenue and cash flow,” S&P said in a statement Tuesday as it lowered the carrier two notches to BB, or two steps below investment grade. The carrier’s efforts to cut costs probably won’t be enough to offset the lost sales, S&P said.Airlines around the world are contending with what a trade group called the industry’s worst crisis ever, as the …read more […]
Despite COVID-19 causing Apple to tumble 31% since peaking at $327 on February 12, Citi’s rating on Apple is a buy with a $310 target price. Citi Research Analyst and Managing Director Jim Suva joins Yahoo Finance’s Zack Guzman to discuss. …read more […]
Oil prices were little changed on Tuesday, giving up an earlier rally, as ongoing worries about the heavy toll the coronavirus pandemic will take on demand offset hopes for a forthcoming $2 trillion U.S. economic relief package.
The onset and spread of COVID-19 seem new and extreme, but this is a tale as old as time.
Today, Nicholas Vardy explains why this time feels different and offers some perspective and hope for wealth builders.
It came from the East, most likely from China. It emerged from the fluids of wild animals mixing in ways evolution never intended.
It radiated out in all directions: east, west, north and south.
It crossed borders, then oceans and then entire continents. No one, it seemed, would be spared.
Only one thing spread faster than the contagion, and that was the rumors of impending doom.
People panicked. Doctors …read more […]
Toilet paper isn’t the only item consumers are stocking up on. Adult-use marijuana sales surged recently as consumers in the U.S. prepared to be stuck at home. As a result of all the panic buying, sales in California are over 2.5x higher than in March 2019 and 1.5x higher in Colorado. A dozen other markets appear to be on their way to notching all-time year-to-date highs.Many states have deemed dispensaries as an essential service, ensuring that they can remain operational under certain limitations and guidelines. While Canaccord analyst Matt Bottomley acknowledges that the industry isn’t fully insulated from the effects …read more […]
Wall Street snapped back from three-year lows and the Dow jumped more than 1,500 points on Tuesday, as hopes of Washington passing an economic rescue package provided a shot of optimism to markets reeling under the biggest selloff since the financial crisis.
Streaming service Netflix Inc and social media giant Facebook Inc said on Tuesday they would reduce the amount of data their services use to ease congested telecoms networks in India, where millions are using home internet amid a lockdown to contain the coronavirus outbreak.
The World Health Organization on Tuesday warns the coronavirus pandemic is accelerating and will get worse, as “astronomical” rates of new cases raised alarms for the U.S. …read more […]
Renault workers in Spain have begun using 3D printers to manufacture visors for health workers from home, the French carmaker said on Tuesday, in a scheme that could be expanded to make other medical equipment elsewhere.
Before you wade back into the markets amid a host of external new stimulus measures, it’s important to think about the worse-case scenarios. …read more […]
Britain has told airlines it will only consider stepping in to help them survive the coronavirus crisis once they have explored the possibility of raising capital from other sources including existing investors.
In California, children cannot go to school, visit the playground, or play with friends. No one can eat in restaurants, or hike on many of the state’s most beautiful trails. Most people are being told to stay home. Yet airports continue to operate. Their employees have been been deemed essential, exempted from the state’s stay […] …read more […]
Yahoo Finance’s Jess Smith joins the On The Move panel to discuss how the White House is responding to the coronavirus as Democrats propose new stimulus plan. …read more […]
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