A gauge of global stocks climbed on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged.
Ford said Tuesday its first-quarter earnings before interest and taxes was negative $632 million, down from $2.4 billion in the first quarter of 2019. …read more […]
Royal Bank of Scotland chairman Howard Davies said on Wednesday the coronavirus pandemic had “changed everything” and its impact on society and the economy would likely be “stark and long-lasting”.
The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday.
It may be difficult to begin thinking about stocks that will rebound after coronavirus fears die down. However, this deadly virus will pass and our society will regain its strength. The American people are resilient, and so are many of the nation’s businesses.
Most companies are taking harder hits than ever before due to the coronavirus. Revenue is down across the board and growth is at a standstill. Yet, businesses that position themselves properly will have the best chance to capitalize on the market once the pandemic is over.
Best Stocks That Will Rebound After Coronavirus Fears Settle
The reopening of the country …read more […]
China’s top market regulator and securities watchdog are scrutinizing the company’s books, after Luckin said an internal investigation had shown its chief operating officer and other employees fabricated sales deals worth about 2.2 billion yuan ($310.77 million). Earlier on Wednesday, the Wall Street Journal reported the U.S. Securities and Exchange Commission was also investigating Luckin. The company , a rival to Starbucks Corp in China, also said it had limited access to its office buildings in the country due to the coronavirus pandemic, adding to the delay of it 2019 annual report, which was due on April …read more […]
Top Boeing Co shareholder Vanguard Group voted against the planemaker’s chairman Lawrence Kellner, citing “control failures” under its audit committee after two 737 MAX plane crashes, according to a stewardship report provided by a Vanguard representative on Wednesday.
The Federal Reserve is scheduled to release its latest policy statement at 2 p.m. ET followed by Chairman Jerome Powell’s press conference at 2:30 p.m. ET. …read more […]
U.S. Senate Majority Leader Mitch McConnell on Wednesday doubled down on his demand that Congress protect businesses from coronavirus-related liabilities in its next legislative package for combating the pandemic.
The U.S. Federal Reserve is expected to announce its latest moves, but with interest rates already near zero, the focus of the meeting may shift. Yahoo Finance’s Brian Cheung breaks down what to expect. …read more […]
(Bloomberg) — Oil surged as major producers continued to signal output cuts to counter the unprecedented global glut and as the stock market rose on hopes for a drug to fight the coronavirus.Futures rose by as much as 29% in New York to over $15. Russian oil companies will cut output by about 19% from February levels, the nation’s Energy Minister, Alexander Novak told the Interfax news agency. Nigeria, which has been struggling to sell its oil even at $10 a barrel, will ship the lowest volume of its key Qua Iboe crude grade since 2016 in May and June.“You …read more […]
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down Boeing’s latest earnings report with Peter McNally, Third Bridge Global Sector Lead. …read more […]
Boeing Co said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as the coronavirus pandemic drove the planemaker to a net loss for the second straight quarter.
When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most conversations: the effect of the novel coronavirus pandemic.
(Bloomberg) — Investors don’t seem too pleased with results from Blue Apron Holdings Inc.The shares dropped as much as 33% on Wednesday, their biggest slump in a month, after the spreading pandemic built up anticipation for Blue Apron’s meal-kit business. The stock had risen 450% from its March lows before Wednesday.The quarterly loss widened to $20.1 million compared to $5.3 million a year earlier. And if you check out key customer metrics, while orders are up from Dec. 31, they’re still solidly below the levels seen in the period ended March 31, 2019.Analysts were also expecting a greater increase in …read more […]
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