Trading Ideas
Zoom Video set to report earnings after market close
Video Communications company Zoom is set to release its first-quarter fiscal 2021 earnings on Tuesday. Yahoo Finance’s Melody Hahm discusses. …read more […]
Month: June 2020
Business News
U.S. auto sales in May encourage Detroit plan to rebuild inventories
Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.
Trading Ideas
Peloton Shares Climb With Fitness Buffs Steering Clear of Gyms
(Bloomberg) — Peloton Interactive Inc. climbed to near all-time highs after Evercore ISI analysts said that gym goers are unlikely to return to in-person fitness routines once economies begin to open.Shares of the interactive exercise company have rallied 71% this year and are up 170% from their March lows as nationwide stay-at-home orders forced people to alter their work-out routines. In May, the company reported third-quarter revenue jumped 66% and raised its outlook for full-year sales and connected-fitness subscribers.Early digital data from states including Texas, Georgia, Florida and Ohio that have begun to reopen gyms suggests people remain reluctant to …read more […]
Business News
Rental fleet collapse drags down U.S. vehicle sales
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.
Trading Ideas
Business News
No major conditions on Renault’s state-backed loan, chairman says
France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker’s chairman said on Tuesday, although the finance minister called on the company to hold “exemplary” talks with unions.
Trading Ideas
The secret behind gold's stunning surge
Here’s why gold prices are on fire. …read more […]
Business News
Financing hunt during pandemic lifts May U.S. convertible debt issuance to record
U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash.
Business News
Britain, EU clash over financial market access: diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country’s finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.
Business News
China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
Business News
China is using Huawei to drive a wedge in the UK-US special relationship: senator
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
Business News
Oil rises nearly 3% ahead of OPEC+ meeting, easing lockdowns
Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns.
Business News
Global equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
Trading Ideas
Why looting, protests and COVID-19 haven't pounded the stock market
Here’s why stocks continue to be in rally mode despite the horrors sweeping America right now. …read more […]
Business News
U.S. sanctions four shipping firms for transporting Venezuelan oil
The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports.