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Goldman Sachs: 3 Tech Stocks That Could Climb Over 20%

March 25, 2020 admin Comments Off on Goldman Sachs: 3 Tech Stocks That Could Climb Over 20%

Investment firm Goldman Sachs has revised its 2020 economic forecast, and the outlook is decidedly grim. Where just 10 days ago, Goldman was predicting that GDP would experience a 5% contraction in Q2, the update puts the forecast at a 24% second-quarter contraction. That’s a depression-style number, and Goldman does not sugar-coat it.What the bank does do, however, is to try and extend its reading into 2H20, and looking forward the chances may not be as bad. The economy was strong as 2019 ended, and even in January and February the jobs numbers remained highly positive – and Goldman sees …read more […]

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S&P 500 set to dip after bumper session as virus threat rages on

March 25, 2020 admin Comments Off on S&P 500 set to dip after bumper session as virus threat rages on

After the White House and Senators agreed on a deal to aid businesses and millions of Americans hit by the health crisis, futures briefly surged but soon reversed course as traders said much of the stimulus had been priced into financial markets. On Tuesday, the Dow Jones had soared over 11% in its best day since 1933, while the S&P 500 jumped 9.4%, recouping about $1.8 trillion in market value. “It’s too early to be positive,” said Andrea Cicione, head of strategy at TS Lombard. …read more […]

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Former NATO commander on coronavirus: Trump should be ‘be listening carefully to medical professionals’

March 25, 2020 admin Comments Off on Former NATO commander on coronavirus: Trump should be ‘be listening carefully to medical professionals’

U.S. President Donald Trump may be considering lifting social restrictions to ease the downward pressure on the economy due to the new coronavirus, named COVID-19, but a former NATO commander is strongly advising against it. …read more […]

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Vince McMahon to Sell WWE Shares Through Morgan Stanley

March 25, 2020 admin Comments Off on Vince McMahon to Sell WWE Shares Through Morgan Stanley

(Bloomberg) — Vince McMahon is selling part of his stake in World Wrestling Entertainment Inc. through Morgan Stanley at $38 per share, people familiar with the matter said.The overnight deal priced 2.26 million shares at the midpoint of the $37.75 to $38.25 offering range, the people said. That’s a 2.66% discount to Tuesday’s closing price.The share sale follows a 40% decline in WWE this year amid shutdowns of live events to stop the spread of the coronavirus. McMahon’s XFL football league also canceled the remainder of its season on Friday.WWE’s chief executive officer is working with an undisclosed bank to …read more […]