Uber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus.
In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system.
The FDA has now approved two methods of testing swab samples, with several more in queue. …read more […]
Terry Booth, the founder and one-time CEO of Aurora Cannabis (ACB), has just sold 12.2 million shares of the company he once ran — a development, says Jefferies analyst Owen Bennett, that is “not great for sentiment” about the stock.You don’t say!As Aurora announced in a press release Monday, “Terry Booth has filed a report on the System for Electronic Disclosure by Insiders (SEDI) regarding his sale of approximately 12,161,900 shares into the open market … in connection with the previously announced transition of Mr. Booth’s role within the Company.” The transition in question being, of course, Booth’s resignation as …read more […]
While many investors are looking to buy low, others are looking for stocks on the rise.
The past month has been unprecedented. The Coronavirus (COVID-19) outbreak has created much uncertainty for investors. JPMorgan’s Bram Kaplan told clients Monday that “The Covid-19 pandemic sparked the fastest reassessment of equity market fundamentals and risk in the last 30 years.”
And while state and federal support teams struggle to fight the clock, stocks continue to fall. However, despite the doom and gloom, the Dow has seen a nice uptick today of 3.53%.
Since the market started declining, we’ve continued to deliver the latest and greatest investment …read more […]
The rapid onset of COVID-19 has had major implications on global health and wealth.
Today, Nicholas Vardy shares the key takeaways – good, bad and ugly – that we should all understand.
Like many of you, I spent much of the weekend learning about the COVID-19 virus and its implications for financial markets.
It turns out that experts – from Bill Gates to the world’s leading epidemiologists – knew a global pandemic was inevitable.
Today, I want to provide three insights I gained on the current pandemic.
The Good…
My wife is a clinical psychologist. She taught me the critical idea of a “mental reframe” – …read more […]
The stock market needs a big fiscal relief plan due to the severity of the coronavirus outbreak. …read more […]
The United Auto Workers said Tuesday it had asked Detroit’s Big Three workers to shutdown all U.S. plants for two weeks in the wake of the coronavirus outbreak.
U.S. retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the months ahead, which could strengthen economists’ expectations of a consumer-led recession by the second quarter.
Some European telecoms operators reported connectivity problems on Tuesday as millions of people logged on for work at home due to the coronavirus pandemic, driving up data traffic by as much as 30% and testing networks.
Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street’s worst day in three decades.
Wall Street rebounded on Tuesday, following its steepest declines since the 1987 crash, as the Federal Reserve took more steps to boost liquidity in a market sapped by business and travel disruptions in the wake of the coronavirus pandemic.
(Bloomberg) — Blue Apron Holdings Inc.’s stock more than doubled this week as cities around the country are forcing restaurants to curtail operations and as panic-buying empties the shelves of the nation’s grocers.“With so many households practicing social distancing and remaining at home, getting fresh ingredients for at-home preparation holds appeal,” Bloomberg Intelligence senior analyst Jennifer Bartashus said.Shares of the meal kit delivery are up more than 50% for a second straight day, while Canadian peer Goodfood Market Corp. increased 44% over the two-day period. Food delivery services Waitr Holdings Inc.’s stock is up 141% since the start of the …read more […]
General Motors Co and Ford Motor Co said on Tuesday they each have had one employee, both working at U.S. engineering centers, test positive for coronavirus.
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