Business News
Oil prices fall as demand woes eclipse U.S. stimulus
Oil prices fell on Wednesday as faltering fuel demand because of the coronavirus pandemic outweighed a massive pending U.S. economic stimulus package.
Month: March 2020
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Pullbacks have been so extreme, if you have a longer-term outlook it makes sense to upgrade some stocks’: TD Ameritrade Strategist
Shawn Cruz, TD Ameritrade Trader Strategy Manager, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss how the markets are being impacted by the coronavirus outbreak. …read more […]
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China suspends Bristol-Myers' cancer drug over findings at U.S. plant
The suspension by China National Medical Products Administration is based on inspection findings at Bristol-Myers’ contract manufacturing facility in the United States, partner Beigene Ltd said. Beigene and Bristol-Myers were working to restore supply as soon as possible, said the China-based drugmaker, which signed an agreement with Bristol-Myers’ Celgene unit in 2017 to market and distribute Abraxane. …read more […]
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CVS to cover in-patient COVID-19 visits
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani break down the latest news on the coronavirus crisis. …read more […]
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Markets volatile as White House, Senate strike $2T stimulus deal
Michael Lee, Chief Strategist at Michael Lee Strategy, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]
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Goldman Sachs: 3 Tech Stocks That Could Climb Over 20%
Investment firm Goldman Sachs has revised its 2020 economic forecast, and the outlook is decidedly grim. Where just 10 days ago, Goldman was predicting that GDP would experience a 5% contraction in Q2, the update puts the forecast at a 24% second-quarter contraction. That’s a depression-style number, and Goldman does not sugar-coat it.What the bank does do, however, is to try and extend its reading into 2H20, and looking forward the chances may not be as bad. The economy was strong as 2019 ended, and even in January and February the jobs numbers remained highly positive – and Goldman sees …read more […]
Business News
Occidental to add three of Icahn’s associates to board
Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn’s associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.
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Target posts mixed quarter, Nike Q3 revenue tops expectations
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Emily McCormick discuss Nike and Target’s latest earnings report. …read more […]
Business News
Stocks rebound grinds past 10% after $2 trillion U.S. stimulus boost
A breakneck rebound in world stocks made it past the 10% mark on Wednesday before more global coronavirus warnings and fresh turbulence in commodity markets saw things grind to a halt.
Business News
U.S. SEC extends conditional relief for public companies hit by coronavirus
The U.S. Securities and Exchange Commission (SEC) said on Wednesday it would extend its prior conditional regulatory relief from disclosure requirements for public companies affected by the coronavirus.
Business News
U.S. companies, labs rush to produce blood test for coronavirus immunity
As the United States works overtime to screen thousands for the novel coronavirus, a new blood test offers the chance to find out who may have immunity – a potential game changer in the battle to contain infections and get the economy back on track.
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White House, Senate reach a deal on $2 trillion coronavirus stimulus bill
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jessica Smith discuss the $2 trillion economic stimulus package passed to combat the economic impact of the coronavirus crisis. …read more […]
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A doctor dispels coronavirus myths
Dr. Faheem Younus, the chief of Infectious Diseases at University of Maryland, Upper Chesapeake Health, debunked some of the myths about coronavirus. …read more […]
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S&P 500 set to dip after bumper session as virus threat rages on
After the White House and Senators agreed on a deal to aid businesses and millions of Americans hit by the health crisis, futures briefly surged but soon reversed course as traders said much of the stimulus had been priced into financial markets. On Tuesday, the Dow Jones had soared over 11% in its best day since 1933, while the S&P 500 jumped 9.4%, recouping about $1.8 trillion in market value. “It’s too early to be positive,” said Andrea Cicione, head of strategy at TS Lombard. …read more […]
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