U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year.
Click here to read the full article. HBO Max, WarnerMedia’s shiny new vessel into the streaming wars, is set to launch on Wednesday, May 27.It’s regularly priced at $14.99 monthly, the same as the existing HBO Now service, but with much more: HBO Max includes everything on HBO plus hundreds of additional titles, including the complete runs of “Friends” and “The Big Bang Theory”; more than 2,000 movies; and Max Originals “Love Life,” “On the Record,” “Legendary,” “Craftopia,” “Looney Tunes” and “The Not Too Late Show with Elmo.”So how will you be able to access to HBO Max?First off, it’s …read more […]
Twelve to 18 months from now, we could be looking back at American banks as the no-brainer buying opportunity of this crisis.
Most importantly, banks are strong financially – so they’re able to handle the loan write-offs that the current downturn will create.
But also, by one measure, the financial sector is the cheapest it has ever been relative to the overall market.
The chart below tells the tale of two exchange-traded funds (ETFs)…
This chart measures the ratio of the price of the financial sector, represented by the Financial Select Sector SPDR ETF (NYSE: XLF), divided by the entire S&P 500, represented by …read more […]
It started with toilet paper, Clorox and eHealth…
Then it moved into work-from-home winners like Zoom, Peloton and Slack…
But now, as we move into summer, traders are looking for the next group of winners in the post-COVID-19 world.
That’s what I will reveal to you today…
Check out my top pick below – and why you need to own it before this Thursday!
For full instructions on how to play picks like this, join me in The War Room!
The post Own This Stock Before This Thursday appeared first on Investment U. …read more […]
Mexico’s auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation’s rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. The latest came Tuesday, when the Guaidó-appointed board of Citgo, the U.S. subsidiary of Venezuela’s state oil company, filed a lawsuit in federal court in Houston against a former contractor seeking to recover millions of dollars in damages. The lawsuit accuses José Manuel González and his Miami-based Petroleum Logistics Service Corp. of providing gifts including cash, jewelry, private artwork, chartered flights and even a handpicked Houston apartment to …read more […]
A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme.
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
The Franco-Japanese automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors is banking on a new recovery plan, set to be announced later on Wednesday, to salvage profitability.
Milan’s Arbitral Tribunal has judged that the contracts over the sale of Italy’s RCS headquarters to Blackstone Group Inc in 2013 were valid but found that the purchaser’s behaviour may entitle the Italian publisher to compensatory damages, RCS said on Tuesday.
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.
Alphabet Inc’s Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit.
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March 23 due to the coronavirus outbreak.
How do we protect those at the frontline facing COVID-19 head on? Sorrento Therapeutics (SRNE) is on it.Looking at billions of antibodies, the company identified a small group that demonstrated the ability to block the S1 protein’s interaction with human angiotensin-converting enzyme 2 (ACE2), the receptor used for viral entrance into human cells. Based on this, SRNE wants to develop an antibody cocktail against SARS-CoV-2, the virus that causes COVID-19, that is still effective even if mutations occur.Weighing in for Dawson James, analyst Jason Kolbert tells clients that SRNE’s antibody, STI-1499, has already exhibited a strong performance in an early …read more […]
On Tuesday, stocks finished higher, though they pared gains after Bloomberg report late in the session that the U.S. was considering sanctioning Chinese officials and firms over new national security efforts imposed on Hong Kong. …read more […]
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