A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to Megan Horneman, Verdence Capital Advisors Director of Portfolio Strategy, about overall markets and what investors should keep a lookout for. …read more […]
Many U.S.-listed Chinese firms will likely list on the Hong Kong exchange this year, in part because of U.S. political pressure following China’s new national security legislation on Hong Kong, the head of the exchange said on Thursday.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Ines Ferre break down the market action for Nio. …read more […]
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can maintain their momentum if jobs do not recover soon.
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) financed by Intesa Sanpaolo is crucial to safeguard Italy’s economy, the head of the country’s biggest bank said.
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator’s accusations that it overcharged customers on mutual funds.
World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general fatigue after a weeks-long rebound in risk appetites
(Bloomberg) — Smartsheet Inc.’s first-quarter results were hamstrung by the Covid-19 pandemic as demand and sales cycles were hurt across a range of its segments and management cut its expectations for the year.Jefferies analyst Brent Thill said expectations were elevated going into the earnings and that Smartsheet “unfortunately fell victim to a weaker business environment due to Covid-19.” Thill said bears will also point to a material accounting weakness and reduced close rates. Smartsheet’s stock fell the most on record, sinking 23% at 10:08 a.m. Thursday, after shares closed at a record high on Monday.Some on the Street, such as …read more […]
(Bloomberg) — Bankers have a message for America’s debt-laden companies: raise money now, because things could get a lot worse.The gradual reopening of businesses after months-long shutdowns and a pick up in manufacturing activity have given investors reason for optimism in recent weeks. But underwriters who cater to heavily indebted corporations are offering their clients a bleak preview of what may lie ahead.The long list of worries includes a new wave of coronavirus contagion in the fall, an extended period of double-digit unemployment, a spike in defaults and a slower-than-expected economic recovery as businesses around the globe adapt to the …read more […]
During the week ending May 30th, another 1.877 million Americans filed for unemployment. Yahoo Finance’s Emily McCormick joins The First Trade to break down the details. …read more […]
Which stocks tend to polarize market watchers? Penny stocks. Out on Wall Street, investors have strong opinions when it comes to these divisive tickers, which trade for less than $5 per share.The penny stock critics make valid points when defending their stance. Sure, the price tag may look like a steal, but the fact that shares are trading at such low levels could reflect overwhelming headwinds or weak fundamentals.That being said, the fans offer up a solid argument as well. Not only does the low price mean you get more shares for your money, but hefty returns are also on …read more […]
U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
NASA-JPL’s Perseverance Rover Recently Profiled on 60 Minutes will include KULR’s Space-Used Thermal Management Technology CAMPBELL, Jun 04, 2020 — KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of space-qualified […]
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