Leaders of the U.S. House of Representatives are determined to pass a $2.2 trillion coronavirus relief bill on Friday, or at the very latest on Saturday, hoping to provide the quickest help possible as deaths mount and the economy reels.
Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns.
Everything from the 5G revolution to the advancement of the American military is dependent on a key metal which is flying under most investors’ radar …read more […]
When considering the fortunes of the FAANG family since the viral outbreak, it appears Apple (AAPL) has most to lose. Amazon and Netflix can count their internet driven models as particularly well set up for a hibernation period. And while Google and Facebook stand to lose significant advertising revenue, they are still less reliant on physical product. Apple, on the other hand, has seen the disruption to its supply chain and production line severely impact this year’s plans.The giant from Cupertino was laying the groundwork for a September launch of the iPhone 12, the first model to boast 5G capabilities. …read more […]
Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
Although the current period will no doubt be remembered as the time when the world fought the invisible enemy coronavirus, its is safe to assume the Street will also remember the period’s extreme bouts of volatility, too. Case in point: Nvidia (NVDA) stock had its best performing week in over two years, skyrocketing 25%.Adding to the good news, Needham’s Rajvindra Gill upgraded his rating on the chipmaker from Hold to Buy. However, Gill’s price target of $270 implies modest upside from current prices. (To watch Gill’s track record, click here)So, what is behind the 5-star analyst’s reevaluation? While acknowledging that …read more […]
The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.
The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co , subject to conditions, the agency said on Thursday.
The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co , subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger. To win U.S. approval, the companies agreed to divest Raytheon’s military airborne radios business, including facilities in Indiana and Florida, and UTC’s military global positioning systems, including a facility in Connecticut. …read more […]
The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford Motor Co aiming to resume production next month of its most profitable vehicles while cutting costs further.
Lululemon Athletica Inc beat analysts’ estimates for quarterly results on Thursday, lifted by strong holiday season demand, but the athletic apparel maker did not provide a full-year forecast as the coronavirus outbreak fuels uncertainty.
If you see an angry bull coming your way and you’re smart, you’ll get out of the way. The best bullfighters know this and so do the best market makers on Wall Street.
They see what’s coming down the line before you do. But if you know how to recognize the signs in the market, you can flip the market makers’ “suck maneuver” in your favor. That’s a term market makers use to describe a certain strategy that I’ll reveal to you shortly…
Last week I noticed one of The War Room’s prior holdings, Tivity Health (Nasdaq: TVTY), had a rapid increase …read more […]
Editor’s Note: Today’s article comes from Rich Checkan, president of Asset Strategies International.
As a gold investing expert and trusted Pillar One Advisor for Wealthy Retirement‘s publisher, The Oxford Club, Asset Strategies International helps everyday folks use gold investing as “wealth insurance.”
Now, as we’re threatened with a prolonged bear market, Rich is helping investors catch up and prepare themselves for more downturns in stocks, and he’s offering a free Silver Eagle with each qualifying purchase to help you get started.
You can contact Rich by calling 800.831.0007 or by visiting Asset Strategies International’s website.
– Mable Buchanan, Assistant Managing Editor
The one-month carnage in …read more […]
(Bloomberg) — When Saudi Arabia kicked off its oil-price war and triggered the worst crude crash in a generation, U.S. President Donald Trump lauded the ensuing decline in pump prices, saying it would be “like a tax cut” for Americans.Weeks later, the crisis remains a low priority for the president, who has continually expressed his satisfaction with cheap gasoline and whose agenda has been consumed by the coronavirus pandemic itself, according to people familiar with the situation. While Secretary of State Mike Pompeo on Wednesday took the strongest action yet to calm the market — pressing Saudi Arabia to dial …read more […]
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