Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the drop in China sales due to the coronavirus-fueled shutdowns.
The dollar gave up most of its early losses on Tuesday as investors waited on a Senate stimulus bill meant to blunt the economic impact of the spreading coronavirus, and after U.S. President Donald Trump pressed his case for a re-opening of the U.S. economy by mid-April.
Markets rallied on Tuesday, with the Dow surging over 2,000 points on hopes of an economic stimulus plan from Washington, D.C. JPMorgan Asset Global Market Strategist Jack Manley joins The Final Round to discuss whether the bounce can sustain itself. …read more […]
The Dow soared in its biggest one-day percentage gain since 1933 on Tuesday after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the blows from the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.
Boeing Co’s chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but “markets essentially are closed” to new debt.
Nike (NKE) reported fiscal third-quarter sales that topped expectations, reflecting still-strong fundamentals through February even as the coronavirus outbreak generated a host of disruptions for the athletic-wear maker. …read more […]
U.S. lawmakers are nearing agreement on a $61 billion rescue package for the aviation sector that would include $25 billion in payroll grants for passenger airlines weathering a sharp falloff in travel demand amid rising coronavirus outbreaks, three people briefed on the matter said.
President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co go out of business as a result of the economic disruption caused by the coronavirus outbreak.
President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co go out of business as a result of the economic disruption caused by the coronavirus outbreak. “We’re not letting Boeing go out of business,” Trump said in a Fox News interview. …read more […]
COVID-19 has brought the world – and the markets – to its knees.
The Dow Jones Industrial Average went from hitting all-time highs to losing 30% of its value… in a little more than a month!
Along the way we’ve endured several of the worst trading sessions for the Dow and S&P 500 since 1987. And we suffered the worst days ever for the Nasdaq and Russell 2000.
That’s why we’re tackling the question of “What is our COVID-19 game plan?”
I don’t believe investors should panic. In times of crisis, we can find some of our best opportunities.
So today we discuss what areas …read more […]
Given the extreme volatility of the stock market amid the coronavirus chaos, you may think there are no strong bets in the market today. But here’s a play that should be a stable bet for the foreseeable future: telehealth stocks.
Telemedicine is the way of the future. It enables patients to receive an examination, diagnosis, and treatment all from the comfort of their own home. This treatment is delivered by a video link the way a remote worker has a video conference call at their job.
Now more than ever it will be important for doctors to be able to treat their …read more […]
The virtual shutdown of the U.S. economy is barely a week old, yet the debate over when to restart is already in full swing — even as coronavirus cases surge. …read more […]
(Bloomberg) — Delta Air Lines Inc. lost its coveted investment-grade status from one rater as S&P Global Ratings cut the company to junk.“The steep decline in airline bookings due to the coronavirus outbreak will sharply reduce Delta Air Lines Inc.’s revenue and cash flow,” S&P said in a statement Tuesday as it lowered the carrier two notches to BB, or two steps below investment grade. The carrier’s efforts to cut costs probably won’t be enough to offset the lost sales, S&P said.Airlines around the world are contending with what a trade group called the industry’s worst crisis ever, as the …read more […]
Despite COVID-19 causing Apple to tumble 31% since peaking at $327 on February 12, Citi’s rating on Apple is a buy with a $310 target price. Citi Research Analyst and Managing Director Jim Suva joins Yahoo Finance’s Zack Guzman to discuss. …read more […]
Oil prices were little changed on Tuesday, giving up an earlier rally, as ongoing worries about the heavy toll the coronavirus pandemic will take on demand offset hopes for a forthcoming $2 trillion U.S. economic relief package.
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