Harley-Davidson Inc is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported on Wednesday.
Global stocks rose on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened.
“Last quarter was unlike anything I’ve ever seen,” Chief Executive Brian Cornell told reporters. Stay-at-home orders imposed to contain the virus powered a 141% jump in Target’s online comparable sales, accounting for almost all of its same-store sales growth. At the start of the quarter, Target, like Walmart, benefited from customers stockpiling staples and cleaning products, but as the lockdown extended and the stimulus checks arrived, demand rose for discretionary items including apparel. …read more […]
AT&T Inc said on Tuesday it was shutting its DirecTV subscription access to Venezuela due to U.S. sanctions, cutting off a key source of entertainment for millions of people stuck in their homes under a strict coronavirus quarantine.
Harley-Davidson Inc is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported on Wednesday.
A new forecast shows the damaged economy leading Trump to resounding defeat in November. …read more […]
Lowe’s Cos Inc reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for do-it-yourself projects and home repairs during the coronanvirus lockdowns.
Deutsche Bank’s chairman Paul Achleitner said he intends to step down as chairman of the German lender when his term ends in 2022.
French carmaker Renault will re-open its Normandy-based Sandouville plant in northwestern France on Friday, a trade union source told Reuters on Wednesday.
“We saw antibody responses that do many of the things we would want to see in an eventual vaccine,” said Dr. David Weiner, director of the vaccine and immunotherapy center at the Wistar Institute, which has collaborated with Inovio. Inovio, which began human testing of its vaccine in April, said preliminary results from that trial are expected in June. …read more […]
U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer’s online and store sales.
More money. More money. More money.
Everywhere we look, folks are calling for more money. From the head of the Federal Reserve telling Congress to spend as much as it can to business owners begging Trump to keep the free money flowing.
By all measures, it’s working.
It’s no coincidence that stocks soared on Monday… just a day after Congress conjured up another $3 trillion worth of stimulus proposals.
The action we saw on Monday was quite good. Investors with the brains to play this mess are doing incredibly well.
For example, we wrote our Alpha Money Flow subscribers on Monday afternoon and told them …read more […]
Lowe’s Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending shares of the home improvement chain up 8%.
Target’s first quarter 2020 earnings are out. Here’s what you need to know. …read more […]
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