Business News
French carmaker PSA closes European factories due to virus spread
French carmaker PSA said on Monday the company will close its European factories until March 27 due to the coronavirus outbreak spread.
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Stocks That Have Dropped The Most – 2020 Update
Due to recent events, investors are wondering “what are the stocks that have dropped the most?”
For over a month now the stock market has been declining. On February 12th, the Dow Jones Industrial Average hit an all time high at 29,568.57. Since then, just one month later, the Dow has dropped all the way down to 21,154.46. This news triggered the announcement of a bear market, the first since 2009. However, following President Trump’s speech on Friday, the market did get a nice boost, rallying back to 23,173.99. President Trump was quite proud of this, announcing the “BIGGEST STOCK MARKET …read more […]
Business News
Lockheed Martin’s Marillyn Hewson to step down as CEO
Lockheed Martin Corp said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp boss James Taiclet as her replacement.
Trading Ideas
It’s Too Early to Tell If Inovio (INO) Is a COVID-19 Play, Says Analyst
The novel coronavirus is dominating headlines around the world right now. But in Maxim Group’s latest report on Inovio Pharmaceuticals (INO), COVID-19 merits hardly a mention. Turns out, Maxim loves this stock, but not only because of Coronavirus.In Maxim’s note, analyst Jason McCarthy notes that “it’s too early to tell” if Inovio is “a COVID-19 play.” On the one hand, “Inovio has rapidly developed its DNA-based COVID-19 vaccine, INO-4800.” Within just three hours of receiving its first sample of the virus’s genetic sequence, Inovio already had the vaccine candidate prepared “using its DNA-based vaccine platform,” and began “preclinical development.”Like Novavax …read more […]
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What zero rates, sub-1% bond yields mean for your mortgages, student loans and credit cards
There’s good news on the horizon for Americans: bond yields have dropped to historic lows, trimming borrowing costs on mortgages and student loans. …read more […]
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Federal Reserve slashes rates to zero, restarts QE
Yahoo Finance’s Brian Cheung joins Alexis Christoforous and Brian Sozzi to discuss the Federal Reserve’s rate cut and what impact that will have on the markets. …read more […]
Business News
Stock market rout doubles pain for energy firms that took shares for deals
Energy investor EnCap Investments pulled off a rarity in the U.S. shale business earlier this month, the $2.5 billion sale of oil producer Felix Energy to rival WPX Energy Inc, striking a deal at a time when energy mergers have all but dried up.
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How China’s early 2020 numbers could indicate how hard U.S. markets will be hit
As markets continue to plummet amid the coronavirus, some are looking to China’s market data from early 2020 to see how badly America will be affected. Yahoo Finance’s Emily McCormick joins The First Trade to discuss. …read more […]
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‘These are unprecedented levels of activity’: Nasdaq Executive Vice President
Tal Cohen, Executive Vice President at Nasdaq, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss his views on the markets amid the COVID-19 outbreak. …read more […]
Business News
Zero rates, zero impact: Fed & co fail to calm markets
Stock markets and oil prices continued to nose-dive on Monday after the second emergency cut in U.S. interest rates in as many weeks — effectively to zero — and supportive measures from all corners failed to quell coronavirus fears.
Business News
Carmakers curb European production as coronavirus hits
Carmakers including Fiat Chrysler , VW and its premium unit Audi throttled back production at their European plants on Monday as fears over the coronavirus took their toll on producing goods.
Trading Ideas
Goldman Sachs warns the S&P 500 could sink to 2,000
‘The lesson of prior event-driven bear markets is that financial devastation ultimately allows a new bull market to be born,’ Goldman’s chief equity strategist David Kostin wrote in a note on March 13. …read more […]
Business News
LSE gets U.S. nod for Refinitiv deal
The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its $27 billion takeover of analytics firm Refinitiv, judging there were no national security concerns with the deal.
Business News
JPMorgan allows employees to work from home as coronavirus spreads: memo
JPMorgan Chase & Co has asked all managers globally to allow employees who can effectively work from home to begin doing so to help with social distancing as the coronavirus pandemic spreads, according to a memo seen by Reuters.
Business News
Lockheed Martin’s Hewson to step down as CEO
Lockheed Martin Corp said on Monday Marillyn Hewson will step down as chief executive officer, effective June 15.