The Stifel strategist who predicted April’s market rally says the best strategy right now is to be like the Road Runner: “Step out of the way and let anvil hit Wile E. Coyote — the economy. And then after that, the Fed will act and then you can move on, if you’re the investor.” …read more […]
(Bloomberg) — Oil fell despite the first U.S. stockpile decline since January.Futures in New York were down 1.4% after the Energy Information Administration said crude inventories fell by 745,000 barrels indicating that producers recently shutting in production hasn’t been enough to lift the market. The agency reported the lowest crude input by U.S. refineries since 2008 suggesting that demand recovery will take more time.“There still is downside risk in the near term due to the demand side as the normalization of the economy could well be quite choppy and uneven throughout America,” Bart Melek, head of commodity strategy at Toronto …read more […]
The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic.
U.S. President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
VANCOUVER, Washington, May 13, 2020 — CytoDyn Submits Requested Datasets to FDA for Biologics License Application CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist […]
Wall Street’s main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic.
Next Super Stock – May 13, 2020 Livestream Wall Street Reporter’s NEXT SUPER STOCK livestream presentation May 13, 2020. CytoDyn (OTC: CYDY) CEO Dr. Nader Pourhassan, Ph.D. joined by CytoDyn’s medical advisor, Dr. Bruce Patterson, […]
Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot.
After over seven weeks of coronavirus lockdown, Britons hankering for a Big Mac may be a step closer to getting their hands on one after McDonald’s reopened 15 restaurants on Wednesday for delivery only.
Japan’s SoftBank Group Corp , a shareholder in some of Latin America’s largest food delivery companies, expects consolidation in most markets, a senior executive said on Wednesday.
U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, bolstering some economists’ predictions for a brief period of deflation as the novel coronavirus depresses demand.
EU officials are seeking to finalise a plan for public stakes to be taken in key European companies to shield them from the economic fallout of the COVID-19 pandemic, three sources familiar with the matter told Reuters.
On Wednesday, Jerome Powell shared prepared remarks regarding the future outlook for the U.S. economy, but admits there are ‘longer-term concerns.’ Andrew Slimmon, Morgan Stanley Investment Management Managing Director and Sr. Portfolio Manager, joins Yahoo Finance to discuss. …read more […]
OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline even as some countries ease lockdown measures designed to stem the coronavirus outbreak.
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