On Thursday, the U.S. Federal Reserve announced more details on its $600 billion dollar lifeline to Main Street businesses. Yahoo Finance’s Brian Cheung breaks down the details. …read more […]
Are you interested in learning how to invest in bitcoin? If so, you have come to the right place. Cryptocurrency is considered by some to be an “experimental investment.” However, it’s quickly become a great asset for many investors’ portfolios.
Stocks, bonds and mutual funds are traditional investments. Yet, more people are considering investing upwards of 10% of their portfolio’s in bitcoin. Why is this popular cryptocurrency more enticing than ever before?
Learn How to Invest in Bitcoin
While bitcoin sounds like the perfect match for investors, there are some red flags to consider before investing. For example, bitcoin comes with a high …read more […]
The Fed announced more details on its $600 billion lifeline to main street businesses on Thursday morning, expanding the scope of its facility by increasing the amount of eligible businesses and lowering the minimum loan size. …read more […]
Synovus Senior Portfolio Manager Dan Morgan joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the latest earnings reports for Twitter, Facebook, and Microsoft. …read more […]
(Bloomberg) — Freddie Mac’s first-quarter net income plunged 88% to $173 million due to higher expected credit losses on loans amid the coronavirus pandemic.The mortgage giant booked $1.1 billion of credit-related expenses in the quarter ended March 31, according to a statement released Thursday. Freddie said the earnings decline was also driven by losses on single-family home loans, which took a major hit from the virus.The results are a stark turnaround from the first quarter of 2019, when McLean, Virgina based-Freddie reported net income of $1.41 billion.Other highlights in the company’s first-quarter results:Freddie, which took a $1.2 billion provision for …read more […]
The U.S. Labor Department released weekly jobless claims figures Thursday morning that reflected the ongoing damage being done to the U.S. labor market as a result of the COVID-19 pandemic. …read more […]
Airlines, one of the hardest hit sectors by the pandemic, can expect little from the upcoming summer season, usually a popular travel time, as people remain wary of traveling due to fears of catching coronavirus. The U.S. airline swung to a net loss of $2.24 billion, or $5.26 per share, for the first quarter ended March 31, compared with a profit of $185 million, or 41 cents per share, a year earlier. Excluding items, American Airlines posted a loss of $2.65 per share, below analyst’s estimates of a loss of $2.33, according to IBES data from Refinitiv. …read more […]
Crude prices have collapsed in the past six weeks as the coronavirus outbreak hit demand and a price war broke out between Russia and Saudi Arabia, prompting companies to slash spending and curb output. Production excluding Libya for the first quarter was 1.28 million barrels of oil equivalent (BOE) per day, a decrease of 40,000 barrels of oil equivalent per day from the same period a year ago. ConocoPhillips said the total realized price per barrel was $38.81 in the quarter compared with $50.59 a year ago. …read more […]
In the first quarter, Comcast gained 477,000 broadband subscribers, beating analysts’ average estimate of 364,000 net additions, according to research firm FactSet. Comcast experienced a spike in broadband use and a shift in usage patterns as schools and offices closed because of the coronavirus outbreak. Video losses in the first quarter were steeper than expected as the trend toward “cord-cutting” continues. …read more […]
McDonald’s reported revenue and earnings that contracted in the first quarter compared to last year amid the COVID-19 pandemic. …read more […]
Rivals UnitedHealth Group Inc , Anthem Inc and Humana Inc also reaffirmed their profit estimates for 2020, even as they warned of higher costs from resumption in elective surgeries deferred due to the COVID-19 pandemic. While health insurers benefit from the deferred health care in the first half of the year, the gains could be short lived, depending on how quickly the virus outbreak subsides and the healthcare business returns to something close to normal, according to a Reuters analysis. Cigna said it continues to expect 2020 adjusted income from operations to be between $18 and …read more […]
A Note From Andy: Today’s essay is something special. I recently wrote the words below for the latest edition of my monthly financial newsletter, Manward Letter. Several folks asked me to share it with the readers of this column. It’s an interesting tale, with an important message. It could keep you out of trouble… or from embarrassing yourself in front of a fighter pilot.
Fear makes us do dumb things.
That’s why I chuckled when I heard the news that a 64-year-old Frenchman accidentally shot himself out of a fighter jet recently.
It’s a good tale. It ties directly to what I wrote …read more […]
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