Year: 2020

This big breakout in Silver is nothing more than a phenomenal warning for all traders and investors – BE WARNED: RISKS ARE SKYROCKETING HIGHER. …read more […]

Sometimes, the markets remind us that we’re just not in charge. After a four-session run of gains, stocks have stumbled on the latest employment news. With reports in that initial jobless claims have increased for the first time since March, investors got spooked and stock prices tumbled. Major names, including Microsoft, Apple, and Amazon, led the way.The new jobless claims hit 2.3 million, with 1.4 million of those applying for state unemployment insurance and over 900,000 applying for Federal aid made available the unemployed freelancers and other ineligible for state assistance. The numbers sparked fears that the economic recovery may …read more […]

The Senate Republicans’ coronavirus pandemic relief plan was delayed until next week due to disagreements, cutting it close to the July 31 deadline. Yahoo Finance’s Jessica Smith joins The Final Round panel breaks down the details.
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On Friday, President Trump signed a new executive order which lowered the cost of drugs by tying them to the price consumers pay outside of the United States. Dr. Michelle McMurry-Heath, President and CEO of the Biotechnology Innovation Organization (BIO), joins The Final Round panel to discuss the impact that this could have on the pharmaceutical industry. …read more […]

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Marijuana company Curaleaf is expanding its footprint ahead of a growing chance of federal legalization. …read more […]

Millennial investors, listen up.

“Tech isn’t the only game in town. We don’t always just have to play in tech,” says Michael Antonelli, market strategist at Baird PWM. …read more […]

As the cruise line sector hoped to get good news on restarting cruises in the U.S., Norwegian Cruise Line Holdings (NCLH) shareholders got hit with a double whammy. Not only did the Center for Disease Control and Prevention delay vessels sailing from U.S. waters, but also the company diluted shareholders again via another equity offering.The cruise lines aren’t investable with no ability to plan cruises in large parts of their markets. With the additional risk of a virus infection on one of the initial cruises setting the restart plans back possibly months and until a vaccine exists, Norwegian isn’t worth …read more […]

(Bloomberg) — As economies struggle to recover in the pandemic and U.S.-China tensions flare, investors piling into precious metals may be overlooking another potential haven: wood.Lumber futures have doubled since early April and are the top-performing major raw material this year. Surprisingly, wood is even outshining gold and silver, traditionally the go-to haven commodities.While lockdowns and stay-in-place restrictions were expected to curb demand for building materials, North Americans stuck inside decided to spend money and renovate their homes just as aggressive production cuts tightened supplies.To be sure, lumber trades at much lower volume than gold and other metals and is …read more […]

(Bloomberg) — Novavax Inc.’s Covid-19 vaccine results are expected imminently and scientists will be scanning the data to gauge the shot’s promise. At the same time, day traders — who’ve snapped up shares since March — will be looking for the more than $7 billion surge in value to hold.Vaccine candidates presented so far have detailed initial patient antibody and T-cell responses and compared them with levels seen in patients who have recovered from the virus. Investors will be looking for those initial immune-system responses when Novavax reveals its data, likely sometime next week.Novavax is on its way to becoming …read more […]

Evercore ISI Head of U.S. Public Policy and Political Strategy Research Sarah Bianchi joins Yahoo Finance’s Akiko Fujita to discuss the latest stimulus negotiations in Congress, as Republicans delay the unveiling of their $1 trillion stimulus plan to next week. …read more […]

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(Bloomberg) — FirstEnergy Corp.’s chief executive officer on Friday pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy.CEO Charles Jones said the company hasn’t had control of decisions made by its former FirstEnergy Solutions unit, now Energy Harbor, since November 2016. And he said FirstEnergy is in talks with U.S. Justice Department lawyers after receiving subpoenas related to the alleged racketeering conspiracy involving to the passage of the reactor subsides last year.“FirstEnergy acted properly in this matter, and we intend …read more […]

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Las Vegas Strip casinos are preparing for furloughs and layoffs as Las Vegas Sands reports a 97% decline in revenue. Moody’s Vice President Adam McLaren joins Yahoo Finance’s Zack Guzman to discuss. …read more […]