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Free beer! German brewery gives away beverages it can’t sell
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.
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Uber to report Q1 earnings with focus on pandemic's impact
Uber’s first quarter is likely to reflect Corporate America’s growing turmoil as the COVID-19 pandemic ricochets across the global economy. …read more […]
Business News
Stay-at-home stocks Amazon, Microsoft lift Nasdaq into gain for 2020
The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.
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Business News
Michigan governor says manufacturing can reopen in state on May 11
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
Business News
As U.S. states start to reopen, Fed official sees little sign of economic resurgence
Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, citing conversations with business officials in his region and his staff’s study of cellphone tracking data.
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Tesla's Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism
Talking with stand-up comic Joe Rogan, the billionaire also doubled down on his critique of stay-at-home orders imposed by U.S. states to curb the spread of the coronavirus. Musk said states’ lockdown orders were “unconstitutional” and would not hold up before the U.S. Supreme Court if challenged. The interview marked Musk’s second appearance on Rogan’s podcast, which is videotaped and published online. …read more […]
Business News
Tesla’s Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism
Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company’s planned Roadster sports car would take a backseat to the development of other vehicle models.
Business News
Wall Street gets PayPal boost as Nasdaq erases 2020 declines
Wall Street’s indexes jumped on Thursday, with the Nasdaq turning positive for the year, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
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The Tyranny of the Negative Headline
There is no shortage of scary headlines in the news, whether they’re talking about the coronavirus, the economy or climate change.
Today, Nicholas Vardy takes a deeper look at the truth behind the headlines and how wealth builders should respond.
“Coronavirus in the U.S.: An Unrelenting Crush of Cases and Deaths,” screams a May 5 headline in The New York Times.
The country is still in the firm grip of a pandemic with little hope of release. For every indication of improvement in controlling the virus, new outbreaks have emerged elsewhere, leaving the nation stuck in a steady, unrelenting march of deaths and …read more […]
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US$17.13 – That's What Analysts Think Akebia Therapeutics, Inc. (NASDAQ:AKBA) Is Worth After These Results
As you might know, Akebia Therapeutics, Inc. (NASDAQ:AKBA) just kicked off its latest quarterly results with some very… …read more […]
Business News
Nasdaq tracks yearly gains on PayPal boost
A jump for PayPal on Thursday put the Nasdaq on course to turn positive on the year, with Wall Street also boosted by hopes of a faster economic recovery following a surprise rise in Chinese exports.
Business News
Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
Business News
Exclusive: U.S. companies got emergency government loans despite having months of cash
When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to $10 million, was meant to tide them over for eight weeks.