Plant-based meat maker Impossible Foods will start selling its flagship burgers in supermarket chain Kroger Co’s 1,700 stores in the United States, as it taps growing demand for vegan alternatives among home chefs.
We have been telling our readers not to invest in the S&P 500 ETFs and instead invest in the top 5, top 10, or top 20 hedge fund stocks because these large-cap stocks historically outperformed index funds. Warren Buffett doesn’t like hedge funds because of their high fees and recommends index funds. However, investors don’t […] …read more […]
Wendy’s Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.
Pfizer began delivering doses of a potential coronavirus vaccine for clinical human trial. Yahoo Finance’s Anjalee Khemlani joins the On The Move panel to discuss. …read more […]
American households added $155 billion of debt in the first quarter and overall debt levels rose to a new record at $14.30 trillion, the Federal Reserve Bank of New York said on Tuesday in a report that provides a snapshot of where household balance sheets stood before the coronavirus pandemic brought much of the economy to a halt.
(Bloomberg) — Wayfair Inc. soared to a record high Tuesday after investors cheered the company’s profitability forecast and demand trends as the coronavirus pandemic drives more consumers to shop online.Executives of the home-good retailer said on a conference call that the adjusted margin for earnings before interest, taxes, depreciation and amortization would turn positive this quarter compared with the negative 5.5% reported for the first quarter. The shares surged as much as 35% to $181.39, the highest intraday level since the company went public in 2014.Results will be driven by expanding gross margin, more efficient marketing and gaining a better …read more […]
Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates.
White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country’s economy.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
U.S. stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for United Airlines after the company said it expects to downsize its management by at least 30% in October. …read more […]
It would seem the billionaire is keeping his promise. …read more […]
The body representing global airlines came out in favour of passengers wearing masks onboard on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules following the coronavirus crisis.
The body representing global airlines says that it is recommending the wearing of masks on flights to prevent the spread of coronavirus when flying restarts.
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a “significant” loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease.
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