Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq.
The U.S. Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for non-profits.
The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for more measures to spur activity, a White House adviser said on Thursday.
On Thursday, the U.S. Federal Reserve announced more details on its $600 billion dollar lifeline to Main Street businesses. Yahoo Finance’s Brian Cheung breaks down the details. …read more […]
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter.
Are you interested in learning how to invest in bitcoin? If so, you have come to the right place. Cryptocurrency is considered by some to be an “experimental investment.” However, it’s quickly become a great asset for many investors’ portfolios.
Stocks, bonds and mutual funds are traditional investments. Yet, more people are considering investing upwards of 10% of their portfolio’s in bitcoin. Why is this popular cryptocurrency more enticing than ever before?
Learn How to Invest in Bitcoin
While bitcoin sounds like the perfect match for investors, there are some red flags to consider before investing. For example, bitcoin comes with a high …read more […]
U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total output by June amid weak energy prices that led to a loss of $1.7 billion in the first quarter.
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by coronavirus fears that caused futures to plumb two-decade lows.
McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the coronavirus pandemic.
The Fed announced more details on its $600 billion lifeline to main street businesses on Thursday morning, expanding the scope of its facility by increasing the amount of eligible businesses and lowering the minimum loan size. …read more […]
Synovus Senior Portfolio Manager Dan Morgan joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the latest earnings reports for Twitter, Facebook, and Microsoft. …read more […]
Comcast Corp on Thursday reported first quarter revenue that fell shy of Wall Street’s estimate, and warned of a weaker second quarter as a result of the coronavirus impact on advertising, theme parks, and films.
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected, but its shares fell as investors fretted about potential weakness in the second quarter.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
