Trading Ideas
Apple announces coronavirus screening tool
Yahoo Finance’s Dan Howley joins Seana Smith to discuss the latest steps Apple is taking to combat the coronavirus. …read more […]
Month: March 2020
Business News
Global oil refiners shut down as coronavirus destroys demand
The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement lockdowns.
Business News
Saudi Arabia says no talks on new oil deal, Moscow suggests larger OPEC+
Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.
Business News
Stocks down on virus’ economic toll; dollar falls further
Stocks across the globe fell on Friday after a historic three-day run-up, with indexes poised to close the month and quarter with starkly negative performances, while the dollar was on track for its biggest weekly decline in over a decade.
Trading Ideas
Stocks break 3-day winning streak as House clears coronavirus relief bill
Despite the House passing a $2T relief bill, markets broke their 3-day winning streak. iQ Capital Managing Partner and CEO Keith Bliss joins joins Seana Smith to discuss. …read more […]
Trading Ideas
Carnival Seeks Up to $7 Billion Amid Global Travel Halt
(Bloomberg) — Carnival Corp. is in talks to raise as much as $7 billion as the cruise ship operator seeks to shore up its finances amid a halt on global travel, according to people with knowledge of the matter.The company, looking to raise cash to improve liquidity as the Covid-19 pandemic upends its business, is being advised by lenders including JPMorgan Chase & Co., said the people, who requested anonymity because the matter is private.Carnival is discussing issuing a mix of debt and equity, the people said. Options include issuing $3 billion to $7 billion in senior secured first-lien debt, …read more […]
Business News
Wall Street falls as U.S. virus cases pass 85,000
Wall Street fell on Friday, ending a massive three-day surge as doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
Business News
More than 100 British companies halt dividend payments due to coronavirus pandemic
More than 100 British companies have postponed or ditched dividend payments in a bid to preserve cash for what could be a lengthy enforced shutdown of large parts of the UK and global economy due to the coronavirus pandemic.
Trading Ideas
Hotels are 'hurting big-time' and many will 'go under,' travel industry expert says
The plight of airlines commands much focus, as their businesses have all but come to a stand-still amid the coronavirus pandemic. But a vast number of the nation’s small businesses as well as larger hotel chains are fighting for survival, too. …read more […]
Business News
Trump drags GM, Ford into political war over ventilators to fight coronavirus
General Motors Co and Ford Motor Co got dragged into the political war over much-needed ventilators for coronavirus patients Friday as U.S. President Donald Trump lashed out at the automakers for moving too slowly just hours before GM said it would build medical equipment at an Indiana plant.
Business News
Factbox: Carmakers churn out machines, masks to help fight coronavirus
Auto companies and suppliers around the world are ramping up production of critical healthcare products and machines – everything from cloth face masks to sophisticated ventilator systems – to meet a critical shortage of those items at hospitals and care facilities in North America, Europe and Asia.
Business News
Treasury: U.S. will be ‘compensated’ for assistance to airlines
U.S. Treasury Secretary Steve Mnuchin said on Friday that taxpayers will “compensated” for providing up to $25 billion in direct grants to the airline industry.
Business News
Google-parent Alphabet to donate $800 million in response to coronavirus crisis
Alphabet Inc will donate more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits to government and health organizations and businesses, Chief Executive Officer Sundar Pichai said on Friday.
Business News
Cash-strapped airlines resist mounting coronavirus refund claims
European airlines waiting in line for coronavirus bailouts want to tap another source of interest-free loans: their customers.
Business News
Wall St. to snap record three-day surge as virus threat intensifies
Wall Street’s historic three-day bounce was stalled on Friday as doubts about the fate of the U.S. economy resurfaced with the number of coronavirus cases in the country skyrocketing.