The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford Motor Co aiming to resume production next month of its most profitable vehicles while cutting costs further.
Lululemon Athletica Inc beat analysts’ estimates for quarterly results on Thursday, lifted by strong holiday season demand, but the athletic apparel maker did not provide a full-year forecast as the coronavirus outbreak fuels uncertainty.
If you see an angry bull coming your way and you’re smart, you’ll get out of the way. The best bullfighters know this and so do the best market makers on Wall Street.
They see what’s coming down the line before you do. But if you know how to recognize the signs in the market, you can flip the market makers’ “suck maneuver” in your favor. That’s a term market makers use to describe a certain strategy that I’ll reveal to you shortly…
Last week I noticed one of The War Room’s prior holdings, Tivity Health (Nasdaq: TVTY), had a rapid increase …read more […]
Editor’s Note: Today’s article comes from Rich Checkan, president of Asset Strategies International.
As a gold investing expert and trusted Pillar One Advisor for Wealthy Retirement‘s publisher, The Oxford Club, Asset Strategies International helps everyday folks use gold investing as “wealth insurance.”
Now, as we’re threatened with a prolonged bear market, Rich is helping investors catch up and prepare themselves for more downturns in stocks, and he’s offering a free Silver Eagle with each qualifying purchase to help you get started.
You can contact Rich by calling 800.831.0007 or by visiting Asset Strategies International’s website.
– Mable Buchanan, Assistant Managing Editor
The one-month carnage in …read more […]
(Bloomberg) — When Saudi Arabia kicked off its oil-price war and triggered the worst crude crash in a generation, U.S. President Donald Trump lauded the ensuing decline in pump prices, saying it would be “like a tax cut” for Americans.Weeks later, the crisis remains a low priority for the president, who has continually expressed his satisfaction with cheap gasoline and whose agenda has been consumed by the coronavirus pandemic itself, according to people familiar with the situation. While Secretary of State Mike Pompeo on Wednesday took the strongest action yet to calm the market — pressing Saudi Arabia to dial …read more […]
(Bloomberg) — General Motors Co. is freezing work on new-vehicle programs and deferring pay for white-collar staff to conserve cash while many of the carmaker’s plants are shut down as a result of the coronavirus pandemic.In an internal memo described to Bloomberg News, the automaker said salaried staff will have 20% of pay deferred starting April 1 through the fourth quarter of this year or first quarter of 2021. The company’s senior management team will take pay cuts of as much as 10% and defer 20% of their cash compensation. GM also will put 6,500 employees, many of them engineers …read more […]
Stock futures opened higher Thursday evening, adding to gains after Wednesday’s session saw each of the S&P 500 and Dow climb more than 6%. …read more […]
BlackRock, Credit Suisse and some other big banks reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis.
The Dow Jones Industrial Average wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors’ worst fears and the focus stayed on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives.
A Wall Street rally led global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimuli to come.
With the U.S. government on the cusp of providing airlines with a bailout, travelers might wonder how flying may change, since the Treasury Department soon may take equity stakes in carriers in exchange for government assistance due to coronavirus. But travelers may be disappointed. Yes, the government could own pieces of airlines, and airlines will […] …read more […]
The oil price crash has seen multiple oil and gas producers have their bonds pushed into distressed territory, with the credit agencies downgrading them to junk ratings …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
A Walmart executive says the retailer is selling more tops, but not bottoms, while so many Americans are using videoconferencing tools to work from home. …read more […]
(Bloomberg) — In the stock market lately, only one thing is constant: speed.After falling into a bear market at the fastest rate ever, the S&P 500 just recorded its quickest three-day advance in nine decades. As absurd as it may seem, the Dow’s already started a fresh bull market — up more than 20% from the lows — after more than $2 trillion in value was created in three days.Is it a bear-market bounce or something more sustainable? Nobody could possibly know for sure. While stocks had surely priced in a huge amount of pain, nothing compares with the coronavirus …read more […]
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