Trading Ideas
Nike to report Q3 earnings amid the backdrop of COVID-19
Nike announces Q3 earnings on amid the backdrop of the COVID-19 pandemic. …read more […]
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Business News
Oil rises on Fed steps to support economy, hopes of U.S. aid package
Oil rose about 2% on Tuesday after the U.S. Federal Reserve said it would take step to bolster the economy and on growing hopes the United States will soon reach a deal on a $2 trillion coronavirus economic package.
Business News
Wall Street bounces on hopes of $2 trillion stimulus, Boeing boost
Wall Street bounced from three-year lows on Tuesday on hopes of a major fiscal stimulus to blunt the economic damage from the coronavirus pandemic, while Boeing surged on signs that its grounded jet could fly by the middle of the year.
Business News
After solid fourth-quarter, investors should brace for U.S. buyback come-down
After a 3.2% increase in U.S. corporate share buybacks between the third and fourth quarters, investors will see Q1 reductions and a “dismal” Q2 as companies look to conserve cash during the coronavirus crisis, according to S&P Dow Jones Indices.
Business News
Ford joins GE, 3M in speeding up ventilator, respirator production
Carmaker Ford Motor Co on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named “Project Apollo.”
Business News
Ford extends production halt at U.S. plants beyond March 30
Ford Motor Co said on Tuesday it does not plan to restart production at its manufacturing plants in the United States, Canada and Mexico on March 30, as was originally planned.
Trading Ideas
Will the Stock Market Continue to Drop Due to Coronavirus?
There is one question that will continue to haunt the minds of American investors during the coronavirus outbreak. Will the stock market continue to drop? We have already seen record breaking losses. But, will this trend continue going forward?
We are in a bear market for the first time in over 10 years. We’re seeing stocks plummet at rates higher than the 1987 crash. The Dow Jones, the S&P 500 and the Nasdaq are falling off a cliff. However, what can we expect going forward?
Will the Stock Market Continue to Drop or Make Gains?
There are many factors influencing the recent bear …read more […]
Trading Ideas
The giant hole in Trump’s back-to-work plan
Getting people back to work requires one thing Trump isn’t even talking about. …read more […]
Trading Ideas
3 Biotech Stocks Fighting the Coronavirus; Here’s What to Expect
A saying on Wall Street is that the market hates uncertainty, and unfortunately that looks to be playing out in global stock markets currently. In historically quick fashion, the vast majority of stocks are hitting bottom – most have already hit 52-week lows and many are hitting multi-year lows. It’s a different story with certain food and healthcare-related stocks. A screen of TipRanks for stocks holding up in this tough environment details a few names that hit their 52-week highs. Not coincidentally, they are all involved with fighting the novel coronavirus, or Covid-19Rightfully so, Covid-19 fears continue to …read more […]
Business News
U.S. new home sales fall; January revised sharply up
Sales of new U.S. single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic, which is boosting unemployment and severely disrupting economic activity.
Business News
Spirit AeroSystems suspends Boeing-related production for two weeks
Spirit Aerosystems , Boeing Co’s largest supplier, is temporarily suspending production for the airplane maker at many of its facilities in the United States for two weeks, as the global coronavirus pandemic saps demand across the industry.
Business News
Bombardier halts most operations in Canada due to coronavirus
Bombardier pulled its 2020 outlook on Tuesday and said it would halt all non-essential work at most of its Canada-based operations until April 26 to help slow the spread of the coronavirus pandemic.
Business News
Comcast shuts theme parks, delays film distribution due to COVID-19
Comcast Corp on Tuesday warned of a hit to its results from the coronavirus outbreak as it shut all its theme parks and delayed distribution of films in theaters worldwide.
Business News
UK banks scramble to protect customers from wave of coronavirus scams
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.
Business News
Boundless Fed bond-buying fuels stocks rebound, dollar recoils
Financial markets rebounded on Tuesday, with stocks and oil jumping about 4% in Europe, while the safe-haven dollar recoiled as unprecedented global stimulus efforts gained traction.