Wall Street’s main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.
Wall Street’s main indexes tumbled on Thursday, putting them more than 10% below record highs set earlier this month and indicating that they then entered an intraday correction, as the rapid spread of the coronavirus globally deepened worries about growth and corporate earnings.
Starbucks operates 4,100 in China, it’s second largest market. …read more […]
Despite President Trump attempting to quell the fears of the coronavirus with the public, the markets are continuing their free-fall. Wealth Consulting Group CEO Jimmy Lee joins Yahoo Finance’s On the Move to discuss. …read more […]
COCP stock took off early this week and investors are keeping a close watch. However, why did this happen to begin with?
Cocrystal Pharma (Nasdaq: COCP) announced a licensing agreement with the Kansas State University Research Foundation (KSURF) for coronavirus drug candidates. With rising concerns over the virus, Cocrystal is looking to progress its research with preclinical and clinical testing.
Moreover, it announced an $11 million registered direct offering priced at-the-market. Several “institutional investors” are in agreement to purchase 8,461,540 shares of its common stock at a price of $1.30 per share. The direct offering expects to close on or around March …read more […]
The market selloff is escalating as fears regarding the coronavirus outbreak continue to impact stocks. However, Fross & Fross Wealth Management Co-Founder says that he expects the impact to be “short lived”. He joins Yahoo Finance’s On the Move panel to discuss. …read more […]
The pressure on the 10-year yield may just be getting started. …read more […]
Warren Buffett’s favorite economic indicator suggests that a correction is imminent Continue reading… …read more […]
(Bloomberg) — Hollywood actor Steven Seagal became the latest celebrity punished for failing to disclose that he was being paid to promote a digital coin as part of U.S. regulators’ ongoing crackdown on token offerings.Seagal, a 67-year-old action star who appeared in films such as “Under Siege” and “Above the Law,” was promised $250,000 in cash and $750,000 worth of tokens for touting an initial coin offering from a company called Bitcoiin2Gen, the Securities and Exchange Commission said in a Thursday statement. In social media posts, Seagal urged fans not to miss out on the token offering. A press release …read more […]
(Bloomberg) — Tesla Inc. shares fell after China registration data indicated a significant sequential slowdown in demand before the electric-car maker started feeling the brunt of any impact from the coronavirus.Registrations of new Tesla cars plunged 46% to 3,563 in January from December, according to state-backed China Automotive Information Net, which gathers industry data based on insurance purchases. Of the January registrations, 2,605 were for cars built in China.While Tesla had bucked the trend in China’s waning electric-car market in the previous two months, the January drop shows that the U.S. brand isn’t immune to challenges the broader industry is …read more […]
New customer wins expected to scale rapidly with launch of NexTech’s CaptureAR technology NEW YORK and TORONTO, Feb. 27, 2020 — NexTech AR Solutions (NexTech) (otcqb:NEXCF) (NTAR)(N29), the leader in augmented reality for eCommerce and AR learning […]
Coronavirus fears have weighed heavily on the market, and investors are seeking refuge. While the situation in China is reportedly improving, health officials warn the spike in new cases throughout the rest of the world underscores the risk of a global pandemic. These statements have rattled financial markets; in the last five days alone, the S&P 500 and NASDAQ indexes have shed 8% and 9% of their value, respectively.Against this backdrop, Wall Street pros remind investors not to panic and rush to a sell-off, pointing out that a select group of tickers still represent compelling opportunities. So, as the broader …read more […]
South Carolina business leaders are fearful of Senator Bernie Sanders winning the nomination, says the South Carolina Chamber of Commerce CEO. …read more […]
One of the biggest stories of last week was how Preferred Apartment Communities, Inc. (NYSE:APTS) shares plunged 20… …read more […]
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