Business News
If Trump kicks out Twitter, there’s always Germany
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
Year: 2020
Trading Ideas
HP crushes earnings estimates on work-from-home PC demand
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss HP’s latest earnings report. …read more […]
Trading Ideas
Microsoft Stock is a ‘Sell’ as Markets Bounce Back
Distillate Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Distillate Capital’s U.S. Fundamental Stability & Value (U.S. FSV) strategy posted a return of -19.39% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should […] …read more […]
Business News
Nissan workers protest against closure of Barcelona plant
Hundreds of workers burning tyres and shouting “war” blockaded Nissan Motor Co’s Barcelona plant on Thursday after the Japanese carmaker announced it would shut it from December as part of a global restructuring plan to slash costs.
Trading Ideas
3 “Strong Buy” Penny Stocks That Offer Massive Potential Gains
The stock market is heating up, and some Wall Street bulls are turning even more positive. Among those adapting an increasingly bullish approach is Stifel’s Head of Institutional Equity Strategy, Barry Bannister, who believes the worst is behind us, freeing up the S&P 500 to continue its ascent. Previously calling for an aggressive rebound right before the market’s March lows, he now projects that by the end of August, the S&P 500 will hit 3,250, reflecting an 8% rise from current levels.“We now raise our S&P 500 price target to 3,250 by Aug-30, 2020 (in 3 months), supported by economic …read more […]
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AstraZeneca partners with Oxford Biomedica to expand COVID-19 vaccine manufacturing capacity
The experimental shot is also being produced by the Serum Institute of India, the world’s largest manufacturer of vaccines by volume, and AstraZeneca is in talks with several governments and global partners to increase production. Oxford Biomedica said on Thursday it signed a one-year clinical and commercial supply agreement with AstraZeneca to provide multiple batches of the vaccine, called AZD1222, and that the majority of the batches would be produced throughout 2020. Last month, Oxford Biomedica said it joined a consortium, including the Jenner Institute, that came together for possible large-scale manufacturing of AZD1222. …read more […]
Business News
S&P 500, Dow open higher as Boeing resumes 737 MAX production
The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge.
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Trump expected to sign social media executive order as Twitter battle brews
President Trump is expected to sign an executive order, targeting Twitter and Facebook. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Rick Newman break down the details.
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Business News
Oil prices steady, awaiting confirmation of surprise U.S. inventory build
Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease.
Trading Ideas
Trump, Furious at Twitter, Aims Order at Tech Giants
(Bloomberg) — Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets.Now, he’s poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook Inc. and other technology giants by having the government narrow liability protections that they enjoy for third parties’ posts, according to a draft of an executive order obtained by Bloomberg.“This will be a Big Day for social media and FAIRNESS!” Trump said in a tweet Thursday morning.Twitter slumped to a session low …read more […]
Business News
S&P 500 set for muted open after hitting near 3-month high
The S&P 500 looked set for a subdued open on Thursday as investors paused for breath after three days of gains and weighed signs of an economic recovery against underlying tensions between the United States and China.
Business News
Trump executive order takes aim at social media firms: draft
U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Alphabet’s Google from being responsible for the material posted by their users, according to a draft executive order and a source familiar with the situation.
Business News
Despite rally, 2020 to be worst year for stocks in nearly a decade: Reuters poll
This year will be the worst for many world stock markets in nearly a decade at least, although a majority of equity strategists polled by Reuters say top indexes will not revisit lows struck this March following an explosive rally since then.
Business News
Oil falls after surprise U.S. inventory build
Oil futures fell on Thursday after a surprise increase in U.S. crude stocks offset hopes of demand recovery as coronavirus lockdowns are eased.
Business News
Dollar chains report surge in sales on coronavirus-driven demand
The top two U.S. dollar store chains reported better-than-expected quarterly sales and profit on Thursday, benefiting from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic.