Tom Stringfellow, President and CIO of Frost Investment Advisors, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the coronavirus is impacting the markets. …read more […]
Trump risks a worse recession–or even back-to-back downturns–if he pushes to reopen the US economy too soon. …read more […]
Stephen Guilfoyle of Sarge 986 LLC joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]
Markets were rising again this week, with near-15% gains on both the S&P 500 and the Dow Jones. Traders’ morale has clearly improved this week, and there is real hope that stocks are turning around after their steep fall in recent weeks.The positive turn in stocks has investors looking for new investments, which in turn has them looking for a strategy. Plenty of investment strategies can steer you toward profits, but there is one possibility that might make investing easier – just follow the insiders.Corporate insiders have been snapping up stocks during the downturn, making large purchases at low prices. …read more […]
MOSCOW/DUBAI/LONDON (Reuters) – Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war. A three-year supply pact between the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, fell apart this month, prompting OPEC to remove limits on its output. One of the reasons for the breakdown of the deal between OPEC and other producers, a group known as OPEC+, was Russia’s reluctance to support bigger …read more […]
(Bloomberg) — With no end in sight to the oil-price war between Saudi Arabia and Russia, their former OPEC+ partners are pleading for mercy as the economic damage worsens.Algeria and Iraq have urged the Organization of Petroleum Exporting Countries to hold emergency consultations as the market buckles under a flood of crude. Nigeria is openly wondering how much of the brutal worldwide contest for market share it can stand.There’s little sign that their howls will be heeded in Moscow and Riyadh, where political leaders are digging in for a long conflict. It’s also questionable whether the cartel — even if …read more […]
The thought of an Everlywell IPO has investors on the edge of their seats. That’s because the company launched an at-home coronavirus test.
Since this is the first step to mass testing, investors want in on the action. Currently, there isn’t any publicly traded Everlywell stock. But is it possible that will change?
Here’s what we know…
Everlywell IPO: The Business
Julia Cheek founded Everlywell in 2015 and is CEO today. Everlywell is an at-home health test company based in Austin, Texas. It provides at-home lab testing kits and digital results within days. The company offers 35 kits ranging from food sensitivity to STDs …read more […]
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars. …read more […]
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic. At the same time, Mnuchin said in an interview with Fox Business Network that plane-maker Boeing Co has not requested government help. “I’ve been very clear this is not an airline bailout,” Mnuchin said. …read more […]
To the annoyance of some shareholders, Delta Air Lines (NYSE:DAL) shares are down a considerable 36% in the last… …read more […]
Micron Technology, Inc. (NASDAQ:MU) just released its quarterly report and things are looking bullish. It was overall… …read more […]
(Bloomberg) — Wistron Corp., one of Apple’s manufacturing partners, said this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.The move in production out of China has been underway since the trade war between Washington and Beijing reached its zenith last year. Now, Covid-19 is expediting that. Decisions by companies like Wistron and other Apple Inc. partners including Hon Hai Precision Industry Co., …read more […]
Top news and what to watch in the markets on Friday, March 27, 2020. …read more […]
(Bloomberg) — With so many workers videoconferencing from home — while their children stream videos and play Fortnite — the internet is creaking at the seams, according to Nokia Oyj.The junctions between different internet networks are close to being overwhelmed, the Finnish telecom equipment company said in a weekly report seen by Bloomberg News.“Globally, service providers are starting to see the increased strain and are approaching the capacity on some peering links and edge routers,” Nokia said.But don’t panic yet: Operators can sidestep major jams and outages by rapidly upgrading equipment and adding components at these bottlenecks, according to the …read more […]
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