Business News
Amazon’s FBA service waiving two weeks of March storage fees: email
Amazon.com Inc’s Fulfillment by Amazon (FBA) service will waive two weeks of storage fees in March, according to an email seen by Reuters.
Month: March 2020
Business News
Coronavirus shows U.S. too dependent on cheap medical imports, USTR says
U.S. Trade Representative Robert Lighthizer on Monday said the United States would seek to promote more domestic manufacturing of key medical supplies in light of the strategic vulnerabilities laid bare by the coronavirus pandemic.
Business News
Crude rises after U.S., Russia agree to oil market talks
Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.
Trading Ideas
Crude rises after U.S., Russia agree to oil market talks
Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand. Oil markets have faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March. U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss stabilizing oil markets, …read more […]
Business News
Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood
The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
Business News
Asia shares make cautious gains, investors eye China PMI
Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book balancing likely flattered the gains.
Business News
Samsung says chip factory worker tests positive for virus, output not affected
Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.
Business News
U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date
A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus.
Trading Ideas
'There is no playbook': China reverses course and closes movie theaters over coronavirus fears
China suddenly shut down approximately 600-700 cinemas (again) despite its original plan to gradually reopen as a result of the slowdown. …read more […]
Trading Ideas
A coronavirus scenario that everyone wants to avoid
The coronavirus crisis could become a protracted pandemic if lock-downs are terminated prematurely or prove less than fully effective. …read more […]
Business News
Airlines plan furloughs; Air New Zealand sees smaller carrier in a year
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.
Trading Ideas
A Smart Plan to End the U.S. Lockdown Arrives Just in Time
(Bloomberg Opinion) — The U.S. is finally starting to take a sensible and proactive approach toward the Covid-19 pandemic. After a disastrous initial failure, coronavirus testing has now risen to levels similar to or higher than South Korea. Meanwhile, although he almost succumbed to the temptation to reopen the economy before shutdowns had time to quell the epidemic, President Donald Trump has wisely decided to recommend that social distancing continue through the end of April. And Congress, showing rare unanimity and boldness, passed a huge relief package that will sustain most households and many businesses throughout the next couple of …read more […]
Trading Ideas
Challenging Times Ahead for Boeing Stock; 5-Star Analyst Slashes Price Target
It has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first three weeks of March all the way down to $95 per share, an amazing loss of 66%. However, last week’s relief rally saw the share price reclaiming 70% of its value. Will the volatility continue? Possibly, as there are currently a wide variable of unknowns concerning the A&D giant’s future.Nevertheless, Credit Suisse’s Robert Spingarn slashed his price target on Boeing shares to $187 (from $367), which still implies about 23% upside from current levels. Despite the profit potential, the …read more […]
Trading Ideas
Everyone Overlooked This Luxury Retail Battle
Lost in the 24/7 coronavirus coverage is the odd, strange and completely uncertain takeover story that’s now playing out between two of the most extreme luxury retailers in the world.
I’m going to detail the entire situation for you below, which could lead to an extremely lucrative moneymaking opportunity in the very near future.
I find this story so incredibly interesting because you don’t typically see a situation in which the highest of the high-end retailers find themselves squabbling about price.
That’s for the price-conscious shoppers at Walmart and Target, right?
In this case… wrong.
In fact, as you’ll see below, two retailers squabbling about …read more […]
Trading Ideas
Cracks in municipal debt markets raise questions about future Fed action
Funding strains in the municipal debt market are forcing states and cities into balancing layoffs against providing essential services to Americans that were laid off themselves. …read more […]