Unfortunately for some shareholders, the United Technologies (NYSE:UTX) share price has dived 31% in the last thirty… …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss China’s investigation into Luckin Coffee’s alleged fake sales. …read more […]
New month, same volatility. Kicking off the second quarter of 2020, all three of the major U.S. stock indexes dropped more than 4% yesterday in response to an update from the Trump administration. Late on March 31, the President stated the next two weeks will be “painful,” with health officials predicting a significant spike in COVID-19-related deaths.As U.S. stock futures tick up on April 2, investors are worried the volatility is here to stay, and new economic data hasn’t calmed these fears. According to an ADP National Employment report, last month, private payrolls fell for the first time since 2017, …read more […]
U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row – topping 6 million – as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.
Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances – but bailout conditions and fears of losing critical skilled labor are forcing managements to juggle survival and future growth.
The Labor Department released fresh data Thursday morning that showed the novel coronavirus’ effect on employment in the U.S. …read more […]
CarMax (KMX), the US’s largest retailer of used cars, today reported record sales and earnings for the fourth quarter and fiscal year ended February 29, 2020.Most notably, fourth quarter GAAP EPS of $1.30 beat estimates by $0.16, while revenue of $4.96B (up 14.9% year-over-year) beat by $250M.Meanwhile, for the fiscal year, net sales and operating revenues increased 11.8% to $20.32 billion. Total used unit sales rose 14.7% in the fourth quarter and 11.2% for the fiscal year.However, CarMax also revealed that since the first week of March, sales have dropped significantly as the coronavirus situation within the US has rapidly …read more […]
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid related to the disruption caused by the coronavirus pandemic.
The dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve helped U.S. currency liquidity in financial markets by making it easier for other central banks to access the greenback.
Satori Fund founder Dan Niles warned his clients about coronavirus before it hit the market. Now, he’s warning we haven’t bottomed. …read more […]
European cities cracking down on short-term rentals of private homes like those on Airbnb got a boost on Thursday after an adviser to Europe’s top court said they have the right to vet such rentals to tackle the shortage of long-term housing.
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