Trading Ideas
Popeyes' fried chicken sandwich becomes the nation's fast-food of choice during COVID-19
Restaurant Brands International sees sales spike at Popeye’s during the coronavirus. …read more […]
Month: May 2020
Trading Ideas
Business News
Wall Street selloff resumes after Trump’s China tariff threat
U.S. stocks fell on Friday after President Donald Trump threatened to impose new tariffs on Beijing over the coronavirus crisis, while business warnings from Amazon.com and big oil firms highlighted the pain inflicted by global lockdowns.
Business News
Telefonica, Liberty Global weigh combining UK units: Bloomberg News
Spain’s Telefonica SA and billionaire John Malone’s Liberty Global Plc are exploring a combination of their UK operations, Bloomberg News reported on Friday.
Business News
Norwegian Air bondholders reject debt plan in setback for survival hopes
Norwegian Air’s bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the COVID-19 pandemic, although talks will still continue.
Business News
JPMorgan Chase approved to process $15 billion in new PPP loans
JPMorgan Chase & Co said on Friday that it received government approval to process roughly $15 billion in loans through the Small Business Administration’s Paycheck Protection Program, bringing its total number of funded loans through the program to about $29 billion.
Business News
Wall Street slides as Trump warns of new China tariffs
Wall Street’s main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
Business News
McDonald’s to reopen 15 outlets in UK this month, fast food fans relieved
McDonald’s Corp said it would reopen 15 restaurants in the United Kingdom this month, only for delivery, leaving some fast food fans cheering.
Business News
Tesla tumbles after tweet from Musk account saying stock too high
Shares of Tesla Inc tumbled 10% on Friday following a tweet from Chief Executive Elon Musk’s Twitter account that the electric car maker’s recently high-flying stock is overly expensive.
Trading Ideas
Tesla tumbles after tweet from Musk account saying stock too high
The tweet was one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions, raising questions about whether Musk’s account was compromised. “Tesla stock price is too high,” Musk’s Twitter account tweeted. Reuters could not immediately verify whether Musk sent the tweet. …read more […]
Business News
World Stocks fall as Trump’s China tariff threat dampens risk appetite
A decline on Wall Street dragged stocks across the world further down on Friday on concerns that the two largest economies could resume a trade war, with many financial markets globally closed for a holiday.
Trading Ideas
Exxon sees first quarterly loss in decades as oil prices plunge
Exxon Mobile and Chevron tumble following earnings reports as oil prices plunge. Yahoo Finance’s Jared Blikre joins the On The Move panel to weigh in. …read more […]
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How Gilead's coronavirus drug breakthrough is setting the tone for other potential treatments
Gilead’s drug to treat coronavirus shows early positive signs, but more information is required from clinical trials. …read more […]
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Business News
U.S. manufacturing activity plunges to 11-year low as orders sink
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.