U.S. stocks sold off on Friday as a spike in new coronavirus cases in China and other countries and as data showing U.S. business activity stalled in February fueled investors’ fears about the economy.
In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and add new bazookas to their recession-fighting arsenals, or risk getting mired in growth-sapping deflation or worse.
Deere & Co’s shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world’s largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter.
If volatility was a vegan patty, the Beyond Meat (BYND) offering would be selling by the truckload. Shares of the meat industry disruptor are up by 54% year-to-date. The wild ride continues last year’s action-packed performance; following its public listing in May, the stock surged by more than 420% to a high of $239.71 in July, before crashing all the way down to $73.6 in mid-December.The jury is still out on whether Beyond Meat really has what it takes to become a marquee name in the 2020s, as a number of questions regarding its road to long-term success still remain …read more […]
Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.
Italy’s biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .
Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday.
Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles.
University of Southern California is offering free tuition to students whose families earn an annual income of $80,000 or less. Yahoo Finance’s On The Move panel breaks it down.
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At a campaign rally, President Trump mocked Oscar-winning, South Korean film ‘Parasite’. Yahoo Finance’s On The Move panel shares the details.
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Many people want to get invested, but they don’t think they have enough money. It’s a shame, because anyone can open a position with relatively little money and still reap the benefits of market growth. So Investment U put together this guide on how to invest in stocks for beginners with little money.
Start by looking at how much you can invest—money you won’t need for at least one year. If you’ve got a couple hundred dollars, you’ve got more investing power than you might realize.
And if you’re pinching pennies to try and invest, be diligent about saving until you …read more […]
Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
U.S. authorities will soon announce a settlement related to Wells Fargo’s multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.
Outdoor apparel retailer Timberland is testing online shoppers’ willingness to help the environment by slowing down delivery as Amazon.com drives retailers toward pricier, more polluting one-day shipping.
U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.
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