Business News
Volkswagen CEO warns factory closures may drag on for weeks
Volkswagen AG CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned.
Year: 2020
Business News
Latest on the spread of the coronavirus around the world
As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home.
Business News
U.S. Senate races to agree on massive coronavirus relief package
The Republican-led U.S. Senate scrambled on Saturday to forge a bipartisan agreement on a $1 trillion-plus bill aimed at stemming the economic fallout from the growing coronavirus outbreak, as talks neared a deadline for drafting and passing the legislation.
Business News
Exclusive: Amazon.com to stop shipping non-essentials to consumers in Italy and France
Amazon.com will stop shipping non-essential products to consumers in Italy and France, the company said on Saturday, representing an escalation in the e-commerce giant’s response in regions hard hit by the coronavirus outbreak.
Business News
Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.
Trading Ideas
Barron's Picks And Pans: Big Tech Picks, Bank Stocks Large and Small And More
This weekend’s Barron’s discusses what may change in terms of health care resources.Other featured articles look at banks big and small, doomed industries and bargain tech giants.Also, a technical outlook for stocks and some wild economic predictions. “A New Deal for Health Care” by Josh Nathan-Kazis points out that calls are growing louder for the White House to ramp up resources to fight the coronavirus. See what that could mean for medical device maker Medtronic PLC (NYSE: MDT) and many others.Andrew Bary’s “Big Banks Are Getting a Real-Life Stress Test” shows why Barron’s thinks Bank of America Corp (NYSE: BAC) …read more […]
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Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals
Its support came as markets had another violently volatile week over concerns about the coronavirus pandemic, and represents an extraordinary move in the staid money-market fund industry. Goldman, which disclosed the moves on Friday in a filing with the U.S. Securities and Exchange Commission, did not have an immediate comment. The bank repurchased securities from its two funds on Thursday after investors withdrew a net $8.1 billion from them during a four-day stretch, according to the disclosure. …read more […]
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Bulls And Bears Of The Week: Amazon, Boeing, Coca-Cola And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce and electric vehicle leaders.Bearish calls included aerospace and cruise giants.The big U.S. indexes ended the past week heavily in the red again as the still-unfolding COVID-19 outbreak looks increasingly like it will upset absolutely everything. A few sector leaders are going on hiring sprees, oil prices at least briefly halted their plunge and the presumptive Democratic presidential nominee has become clear.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week’s …read more […]
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Gas prices are falling across the U.S., but consumers may not see the benefit. Here's why.
Gas prices continue to fall across the U.S., as recession fears heighten around coronavirus and price wars between Saudi Arabia and Russia heat up. …read more […]
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Coronavirus crisis: Health care workers sound alarm from 'the front lines'
As the virus spreads, some hospitals could soon be overwhelmed by the number of coronavirus patients. …read more […]
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Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout
CEOs from America’s largest publicly traded airlines sent an urgent letter Saturday to Congressional leaders promising to stop stock buybacks and paying dividends in exchange for a multi-billion dollar coronavirus bailout. …read more […]
Trading Ideas
Your No-Nonsense Guide Through the Bear Market
Every minute we’re bombarded with new information – and not always accurate information – about COVID-19 and how the market will respond to it.
Meanwhile, the S&P 500 teases anxious investors with momentary rallies… only to slump further.
Sectors like energy and businesses like airlines suffer, while too many of us remain hyperfocused on the next company to combat the disease… and not on companies that will help us earn reliable income.
It’s time to zoom out.
I care too much about readers to let them get tossed around by each piece of news. It’s hard to know what’s fact and what’s fiction.
That’s why …read more […]
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Business News
Exclusive: Amazon raises overtime pay for warehouse workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world’s largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.
Business News
Best Buy withdraws fiscal 2021 financial guidance
Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.