Wall Street rose in choppy trading on Wednesday, building on the previous session’s gains, as the U.S. Senate neared a vote to clear a $2 trillion package to support businesses and households affected by the coronavirus pandemic.
U.S stocks seesawed on Wednesday, digesting the previous session’s huge rebound, with investors torn as optimism about an imminent $2 trillion coronavirus package was offset by concerned about the lasting economic impact from the pandemic. [.N]
Gym closed during the coronavirus pandemic? No problem. Here are some helpful tips to staying healthy from the founder and CEO of Life Time Fitness. …read more […]
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
A handful of large British companies had emerged on Wednesday as likely candidates for the government’s emergency lending scheme aimed at helping them tide over the coronavirus shutdowns afflicting many of the world’s biggest economies.
European Central Bank President Christine Lagarde has a concrete reason for putting pressure on euro zone governments to finance the fight against coronavirus with joint debt — avoiding trouble with the courts.
(Bloomberg) — Isolated with his family at home in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi has been making pleading phone calls to members of Congress. Khosrowshahi is asking for a bailout—not for his company, which has told investors it should have at least $4 billion in cash by the end of the year—but for its idle drivers.Uber Technologies Inc. and Airbnb Inc., the leaders of the so-called sharing economy, are suffering during the Covid-19 shutdown, but not in the same way as traditional travel companies like airlines or hotel chains. They’ve built their business models on offloading as …read more […]
(Bloomberg) — Last month, on the Friday before the U.S. stock market recorded its worst weekly plunge since 2008, Texas billionaire Tilman Fertitta was beaming.As he prepared to host an annual Mardi Gras celebration at a beachfront resort outside Houston, business was booming, pushing his personal fortune to more than $5 billion.A few weeks later — after the Covid-19 pandemic brought the travel and leisure industry to a virtual standstill — his casinos and restaurants are shuttered and burning cash, 40,000 of his employees are temporarily out of a job, and a third of his net worth has evaporated.Few could …read more […]
Bob Crandall, Former American Airlines Chairman and CEO, joins On The Move to discuss how the airlines are being impacted by the coronavirus pandemic and why the proposed aid may not be enough. …read more […]
Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss the latest swings in the stock market …read more […]
If you think the broader market’s extreme pendulum swings are the definition of volatility, you should have a conversation with long-term investors of vaccine specialist Novavax (NVAX). To quickly recap the last 24 months: In 2018, the stock gained 73%, paid it back with interest during a 90% slide in 2019, and is back to gaining again. Unlike most other names, so far in 2020, the small cap biotech is up by a jaw dropping 198%. Yesterday, Novavax added another 20% to its share price. So, the recent surge must be COVID-19 related, right? Well, yes and no. Novavax has …read more […]
Rating agency Moody’s Investors Service changed 3M Company’s (MMM) outlook to negative from stable due to expectations of higher leverage needs and weaker earnings for this year.Moody’s reaffirmed 3M’s A1 senior unsecured debt rating. The rating agency expects the company’s revenue and margins to decline “meaningfully” in 2020 as a result of a protracted period of falling demand exacerbated by the coronavirus crisis.3M has a Moderate Buy analyst consensus rating, based on 3 Buys, 3 Holds, and 1 Sell. The average price target of $165.80 suggests potential room for a 26% gain in the next 12 months. (See 3M’s stock …read more […]
Exclusive interview with legendary gold & silver expert Brien Lundin discussing the new bull market in gold and silver. Brien is the editor of the www.GoldNewsletter.com and producer of the famous New Orleans Investment Conference.
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