Business News
Main Street bailout rewards U.S. restaurant chains, firms in rural states
Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns.
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Healthcare
CytoDyn (OTC:CYDY) COVID-19 Coronavirus treatment clinical data update
Next Super Stock – April 17, 2020 Livestream CytoDyn, Inc. (OTC: CYDY) CEO Dr Nader Pourhassan discusses the latest developments and clinical data on CYDY’s treatment for COVID-19 coronavirus. Joining the call are Dr. Bruce […]
Trading Ideas
3 Stocks Insiders Are Snapping Up
The S&P 500 has gained nearly 11% so far this month, and this rally is truly what seems to be – a bullish rally in the midst of a larger bear market. And this, of course, brings us to the main issue that investors must answer now: where to put their money. Markets bottomed on March 23, almost four weeks ago, and that trough brought many stocks down to an attractive point of entry. The current rally has not pushed them back high enough to erase that; the current price plateau offers latecomers a chance to buy into the rally …read more […]
Business News
Ford issues $8 billion debt securities after virus causes $2 billion loss
Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter.
Business News
U.S. bailout watchdog vows to scrutinize share buybacks, dividends
An official charged with overseeing how the U.S. government handles $500 billion in bailout funds said on Friday he will also monitor how companies use the cash, including for share buybacks, dividends and staff compensation.
Trading Ideas
We Bought This 5G Stock at the Market Bottom – Did You?
On March 23, when the market hit what appeared to be the bottom, I made the call to buy Inseego (Nasdaq: INSG), the maker of 5G equipment for the home. It was trading in the $4 range. It’s arguably been the best performer in the market since, hitting $13 this week – just three weeks later.
Look how War Room members made out on the trade…
“If it wasnt for KR, I wouldn’t have have gotten in when it was briefly below $4/share! The covered call play on INSG was additional whip cream on top!” – Song on April 17 at 10:20 …read more […]
Business News
Virgin Atlantic told to resubmit proposal for bailout package: FT
Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after the UK government was left unimpressed with its initial bid, Financial Times reported (https://on.ft.com/2xD3Ee5) on Friday.
Business News
Wall Street gains on Boeing surge and coronavirus drug hopes
U.S. stocks rose on Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.
Trading Ideas
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Business News
Stocks rally as investors take heart on U.S. economic reopening plan
Global stocks rallied on Friday on President Donald Trump’s plans to revive the coronavirus-hit U.S. economy and a report about a clinical trial for a potential drug to treat COVID-19, while the dollar fell amid investors’ growing risk-on sentiment.
Business News
Gilead increases enrollment target for remdesivir trial in COVID-19 patients
Gilead Sciences Inc on Friday increased enrollment target by 3,600 for a trial testing its experimental drug, remdesivir, in severe COVID-19 patients, a day after a media report said the drug was showing promise.
Business News
Ford issues debt securities after virus causes $2 billion loss
Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter.
Business News
AMC says it has enough cash through July as movie theaters aim to re-open
AMC Entertainment Holdings Inc, the world’s largest movie theater operator, said on Friday it has enough cash to withstand a global suspension of operations until a possible partial reopening of its locations in July.
Business News
Wall Street gains on Boeing surge, coronavirus drug hopes
U.S. stocks rose on Friday and posted gains for the week, helped by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.