Trading Ideas
Top 5 Holdings of Bill Gates' Foundation Trust
Microsoft founder provides update on coronavirus outbreak. Dow posts highest one-day gain since 2009 Continue reading… …read more […]
Month: March 2020
Business News
Novartis unit Sandoz agrees to pay $195 million to resolve antitrust charges
Novartis unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the Justice Department said on Monday.
Business News
Dow has biggest daily jump since 2009 as Wall Street buys the dip
The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus.
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Dr. James Hamblin on the inevitability of contracting the coronavirus
Dr. James Hamblin, a staff writer for The Atlantic, joins The Final Round to discuss his recent article, ‘You’re Likely to Get the Coronavirus,’ and his expectations for how the virus will continue to spread in the United States. …read more […]
Business News
Waymo raises $2.25 billion from outside investors, parent Alphabet
Waymo, the self-driving unit of Alphabet Inc , said on Monday it has raised $2.25 billion in its first external investment round.
Trading Ideas
Coronavirus and the Markets: What You Need to Know
Every new reported case of COVID-19, the disease caused by the novel coronavirus, seems to send the Dow Jones Industrial Average down another 100 points.
The popular perception that the federal government is unprepared for an outbreak in the United States doesn’t help matters.
That has wreaked havoc on the markets. They fell 13% in seven trading days.
Is it different this time? It certainly feels like it. Events are being canceled around the world. Schools are closing in Japan, and factories in China have temporarily shut down.
Yet more people have died from the flu in the United States in 2020 than have …read more […]
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Tilray Shares Tumble After Pot Firm Misses on Revenue and Ebitda
(Bloomberg) — Tilray Inc. shares tumbled as much as 13% in post-market trading after the cannabis company reported a wider-than-expected Ebitda loss and revenue that missed the lowest analyst estimate.Key InsightsTilray’s fourth-quarter revenue of $46.9 million was below the consensus estimate of $55.4 million and missed even the lowest analyst estimate of $53 million. It sold $17 million worth of recreational cannabis in the period, up 7.4% from the prior quarterIts adjusted Ebitda loss of $35.3 million also missed the consensus expectation of $21.8 million and was wider than the biggest estimated loss of $29.3 millionTilray announced that it closed …read more […]
Trading Ideas
The Biggest Market Drops in History – Explained in Today’s Coronavirus Context
As I’m sure you know, U.S. stockholders lost $2.8 trillion in value last week – and $4.6 trillion since the February 19 high.
What we witnessed last week was truly history – something we’ll be talking about for decades to come.
Just this week, Barron’s said…
The black swan event Wall Street has long feared materialized with the coronavirus epidemic after an 11-year bull market.
In the midst of this carnage…
Only seven stocks in the entire S&P 500 went up last week:
Gilead Sciences (a vaccine player)
Regeneron Pharmaceuticals (another vaccine player)
CME Group (an exchange play that thrives in volatile markets)
Cboe Global Markets (another exchange play …read more […]
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The Fed ‘is really taking insurance against something that could potentially happen,’ says Torsten Slok
Deutsche Bank Securities Chief Economist Torsten Slok joins The Final Round to discuss how upcoming economic data fails to factor in the impact of the coronavirus. …read more […]
Business News
Recording Academy fires first female CEO, alleging misconduct
The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.
Trading Ideas
Coronavirus could spiral the stock market down another 30%: Deutsche Bank
Deutsche Bank is pulling no punches in its latest market call amid the coronavirus outbreak. …read more […]
Business News
Amtrak names new CEO to head money-losing passenger railroad
Amtrak said Monday it had tapped Atlas Air’s chief executive to run the money-losing U.S. passenger railroad that has seen record traffic.
Business News
Amazon’s fight against $277 million EU tax order kicks off in court on Thursday
Amazon will on Thursday seek to overturn an EU order to repay about 250 million euros ($277 million) in back taxes to Luxembourg at Europe’s second-highest court, one of a series of high-profile cases marking the bloc’s crackdown on unfair tax deals.
Business News
Stocks rally after last week’s rout on central bank policy hopes
Equity markets around the world rose on Monday as the prospect that central banks will cut interest rates to soften the economic blow of the coronavirus heartened investors and drove U.S. government debt yields to record lows.