Trading Ideas
Appeals court revives lawsuit involving Trump hotel in D.C.
The full 4th Circuit Court of Appeals has overturned the ruling of a three-judge panel, allowing the review of Trump Organization finances. …read more […]
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Trading Ideas
3 “Strong Buy” Penny Stocks With Triple-Digit Upside
Given the troubling state of the U.S. economy, what’s driving the bullish sentiment on Wall Street? Stimulus.Among the bulls is chief investment strategist at CFRA, Sam Stovall, who estimates that the S&P 500 will hit 3,435 within a year. From current levels, this would reflect a double-digit gain, and come in above the 3,393 high-point posted on February 19. Back in March, he even went so far as to call for a new high in the third quarter, but since then he has updated his forecasts.“We’ve had a lot of people compare it with the Crash of ’29, the Depression …read more […]
Business News
Lower-income workers hit harder by coronavirus job losses, Fed survey finds
The coronavirus crisis drove a dramatic weakening in American households’ finances as millions of people lost work or had their hours or pay reduced, with low-wage workers taking the biggest hit, according to a report released by the Federal Reserve on Thursday.
Business News
Bank stocks push Wall St higher amid lingering economic worries
Wall Street’s main indexes turned higher in volatile trade on Thursday with bank stocks leading the charge, even as renewed worries about Sino-U.S. trade relations and fears of a prolonged economic weakness lingered.
Trading Ideas
Apple Acquires Startup NextVR that Broadcasts VR Content
(Bloomberg) — Apple Inc. confirmed it acquired NextVR, a startup that provides sports and other content for virtual-reality headsets.The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.’s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.NextVR has deals with sports leagues including the National Basketball Association and entertainment networks such as Fox Sports. The startup also has expertise in live streaming in virtual reality, which could also be useful for live concerts and games.The Newport Beach, California-based startup officially shut down …read more […]
Trading Ideas
The Howard Hughes Corporation (NYSE:HHC) Just Reported And Analysts Have Been Cutting Their Estimates
It’s shaping up to be a tough period for The Howard Hughes Corporation (NYSE:HHC), which a week ago released some… …read more […]
Trading Ideas
Nvidia unveils new AI to fight coronavirus
Nvidia uses their AI expertise to fight COVID-19. Yahoo Finance’s Dan Howley joins the On The Move panel to discuss. …read more […]
Trading Ideas
More consumers show interest in traveling on cruises in the near term: Analyst
Norwegian Cruise Line posted its first quarter earnings report on Thursday. Wedbush Securities Leisure & Travel Analyst James Hardiman joins Yahoo Finance’s On The Move to discuss Norwegian Cruise Line’s latest financial results and address the challenges the cruise industry may face post-pandemic. …read more […]
Trading Ideas
Coronavirus job losses are hitting these states the hardest
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits coming in at nearly 3 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung break down the details. …read more […]
Trading Ideas
Tesla says employees who don’t return to work could lose unemployment benefits
Tesla HR told employees if they refuse to return to work at the company’s reopened plants, they risk losing unemployment benefits. Yahoo Finance’s On The Move panel discusses. …read more […]
Trading Ideas
The Elon Musk housing sell-off ramps up
Elon Musk has listed another five of his California homes. The tech billionaire now has seven properties for sale for a combined $137 million. …read more […]
Trading Ideas
Amazon set to end wage increases & extra overtime pay in June
The coronavirus outbreak has impacted worker’s wages, health, and daily routines. Yahoo Finance’s On The Move panel shares how the coronavirus will continue to affect Amazon workers post-pandemic. …read more […]
Business News
Second layoffs, backlogs wave keeps U.S. jobless claims sky high
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacted by business closures caused by the pandemic.
Business News
Wall Street drops on trade war fears, economic worries
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.
Business News
Acquitted former Barclays rainmaker Jenkins plots gentler comeback
A near decade-long battle to clear his name has ended in victory, but the star rainmaker credited with playing a pivotal role in saving one of Britain’s biggest banks from a government bailout in 2008 is still waiting to put his life back on track.