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McDonald’s hourly workers in U.S. demand paid sick leave as virus spreads
Hourly wage workers at McDonald’s Corp on Tuesday sought paid sick leave for those working at its U.S. restaurants and an update to the safety protocols as coronavirus cases in the United States rise.
Business News
Saudi Arabia, Russia raise stakes in oil production standoff
Saudi Arabia said on Tuesday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing Moscow’s suggestion for new talks.
Business News
Oil jumps after rout on stimulus hopes, spending cuts by U.S. producers
Oil prices jumped by almost 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output.
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Business News
Wells Fargo CEO tells Congress bank has doubled down on regulatory issues
New Wells Fargo & Co Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of the bank’s remediation plans, consent orders and contingency plans related to coronavirus.
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Coronavirus makes Microsoft stock an amazing money-making opportunity: top analyst
Back up the truck on Microsoft, this long-time analyst says. …read more […]
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Coronavirus update: Markets recover but outlook darkens as NY orders New Rochelle containment
The U.S. and Europe underscored the world’s increasingly fraught coronavirus containment efforts, as the disease moves closer to becoming a pandemic. …read more […]
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New York to deploy National Guard to New Rochelle amid coronavirus outbreak
New York Governor Andrew Cuomo us deploying the National Guard in New Rochelle, one of the state’s outbreak hot spots, to assist in coronavirus containment efforts. Yahoo Finance’s Zack Guzman, Kristin Myers and Former ‘Bachelorette’ Contestant & Business Consultant Jason Tartick discuss. …read more […]
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Why now could be a 'golden opportunity' to own Apple
Now might be the best time to own Apple stock, according to Wedbush analyst Dan Ives. …read more […]
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President Trump’s re-election odds tumble amid coronavirus outbreak
Betting gaint Paddy Power is predicting former Vice President Joe Biden will likely become the democratic nominee, as six more states hold primary voting. Paddy Power Head of PR Lee Price joins Yahoo Finance’s Zack Guzman and Kristin Myers, along with Former ‘Bachelorette’ Contestant & Business Consultant Jason Tartick, to discuss. …read more […]
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Is This a Correction? Or the End of the Bull?
The market can remain irrational a lot longer than investors can remain solvent.
That’s one of the primary rules of investing.
And when the market becomes unhinged – like it has recently – it’s easy to give in to panic. It’s easy to want to rush in and try to catch a falling knife.
During Monday’s session, circuit breakers were triggered on the Dow Jones Industrial Average, Nasdaq and S&P 500 in the premarket and open sessions.
It was the worst day for investors since August 2011. Crude oil prices tumbled more than 20% as Russia and Saudi Arabia engaged in a price war.
The …read more […]
Business News
BlackRock employee in New York tests positive for coronavirus
BlackRock Inc said on Tuesday a New York employee was diagnosed with the coronavirus, and has been in self-quarantine and working from home since March 4.
Business News
Buy or sell? Investors navigate coronavirus data fog
For money managers, it’s bad enough watching the coronavirus wipe trillions of dollars off world markets’ value. Even worse is not knowing how bad the outbreak really is for the economy, company balance sheets, and in turn for their portfolios.
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Saudi Arabia Seeks More Supertankers to Carry Its Flood of Oil
(Bloomberg) — Saudi Arabia is preparing to unleash so much oil on the world that its own fleet can’t handle it all.The kingdom’s National Shipping Co., also known as Bahri, has booked on a preliminary basis at least eight supertankers to load this month and next from Saudi Arabia’s main oil ports, according to people familiar with the matter, who asked not to be identified because the information isn’t public. The ships, each able to carry about 2 million barrels of oil, include Dalian, Agios Sostis and Hong Kong Spirit, they said. It’s not uncommon for preliminary bookings to fail.Saudi …read more […]