Wall Street was in positive territory on Tuesday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial.
Yahoo Finance’s Anjalee Khemlani joins Seana Smith to break down the latest development in Gilead’s coronavirus treatment. …read more […]
The US economy is facing the worst contraction in modern history – and a “confidence shock” will slow down its recovery, says one economist. …read more […]
Wall Street rose on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic’s impact on the labor market was over, while energy stocks jumped on a rebound in oil prices.
Many of the $1,200 stimulus checks have yet to arrive and some are already pushing for more – perhaps much more – in the coming months. …read more […]
Neptune Wellness Solutions Inc.’s shares (NEPT) popped more than 30% on Thursday following plans to boost its weekly production of hand sanitizer to over 1 million units to meet strong demand fueled by the coronavirus outbreak.Neptune, a Canadian-based producer of health products, announced that its subsidiary Biodroga, has accelerated the production of hand sanitizers ahead of time in response to a supply shortage and strong demand from North American retail and government customers as the COVID-19 pandemic continues to take its toll.The company plans to begin shipping the hand sanitizer next week, including fulfilling a purchase order from a large …read more […]
Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.
(Bloomberg) — How can traders in the equity market be so sanguine when economic tumult on the order of a depression is blaring all around them? Possibly because they expected even worse.That’s one takeaway from data compiled by Charles Schwab Corp. on the brokerage’s most active clients, which shows almost 60% were bracing for volatility to rise in the second quarter. Dread is a natural emotion when things are falling apart, but that’s an awfully pessimistic take considering the first three months of the year saw equity turbulence surpass levels seen in the 2008 financial crisis.“Nobody knows what to expect …read more […]
In a note on Thursday, MUFG Chief Financial Economist Chris Rupkey warned that the 26 million unemployment claims filed in the U.S. amid the coronavirus pandemic could have dire implications for the future of the U.S. economy. Rupkey joins Yahoo Finance’s Zack Guzman to break it down. …read more […]
The market is a leading indicator that reflects the knowledge of millions of investors.
And right now, as Alexander Green explains, it’s telling investors that things are looking up.
We’ve seen some dramatic market action over the last two months.
A nearly 11-year bull market turned into a bear market in less than four weeks, the fastest on record.
From its high on February 19, the S&P 500 fell more than 35% to its March 23 low.
It then bounced more than 25% off the bottom over the next three weeks.
Since then we’ve had up days and down days, but the market has mostly held …read more […]
Strategists weigh in on how much economic gloom the stock market has priced into up to now. …read more […]
New York Governor Andrew Cuomo said on Thursday a screening of 3,000 people found nearly 14% tested positive for antibodies for the novel coronavirus, suggesting that 2.7 million residents across the state may have been infected with the disease.
Some businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic.
Lufthansa aims to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coronavirus crisis forced it to ground almost all of its planes, people close to the matter said.
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