Month: June 2020

If the coronavirus is a wound which Tesla (TSLA) has so far managed to cover up, then, according to Wedbush analyst Daniel Ives, “the band-aid just got ripped off.”Confirming the Street’s concerns, the release of April and May registration figures for Model 3s in California – Tesla’s “core sweet spot,” – indicated a year-over-year drop of 37%.“Domestically speaking California remains a linchpin to Model 3 success for Tesla and now all eyes shift to the trajectory in the month of June and especially into the core summer months heading into Fall in hopes of a rebound as Fremont enters 2H,” …read more […]

David Ethridge, US IPO Services Leader at PwC, joined Yahoo Finance’s The Final Round to discuss the 2020 IPO market and his outlook for IPO’s through the end of the year. …read more […]

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(Bloomberg) — Spot gold settled at the highest since 2012, supported by concerns over a second wave of coronavirus infections and ongoing expectations of a flood of stimulus measures.There are increasing signs that the virus is continuing to spread as governments work to reopen their economies. The metal also was boosted by stimulus measures, including the Bank of England adding to its bond buying program last week and the Federal Reserve signaling rates will remain low. Increased amounts of monetary stimulus tend to support zero-yield gold as a hedge against declining interest rates.“While gold is undoubtedly boosted by haven flows …read more […]

Stocks fluctuated between gains and losses Monday as market participants weighed prospects that the virus-stricken economy would rebound quickly against fears over an extended rise in new cases over the weekend. The Final Round panel breaks down the details.
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Don’t expect the US shale industry, battered by the pandemic and an oil price war already this year, to move into strong growth levels any time soon, says one oil expert. …read more […]

(Bloomberg) — Microsoft Corp.’s Xbox unit will shut down its Mixer video-game streaming service after failing to attract a large global user base and will recommend players and audiences shift to Facebook Inc.’s streaming site. The software maker also plans to partner with Facebook on Microsoft’s xCloud mobile game service, which will be widely available by the end of the summer.Starting July 22, users who visit Mixer will be redirected to Facebook Gaming. The surprise move comes less than a year after Microsoft lured popular streamer Ninja — whose real name is Tyler Blevins — from Amazon.com’s Inc.’s Twitch, the …read more […]

By now, I’m assuming you’ve heard about President Trump’s plan to jump-start the U.S. economy by spending $1 trillion on an “infrastructure plan.” You really should have heard of it by now… because he’s been promising it for about four straight years. But could 2020, with its arrival of a coronavirus and a recession that’s cost more than 40 million Americans their jobs, be the year that it finally happens?Maybe.In Rosenblatt’s latest report on the subject, analyst Ryan Koontz admits that there have been “years of infrastructure talk from all sides and surprisingly little to show for it.” But he …read more […]

Thus far, the U.S. federal government has shown no interest in requiring airline passengers to wear masks to prevent the spread of Covid-19. So many carriers, including American Airlines, United Airlines, and Delta Air Lines, are doing it for them, going so far as to threaten to put non-compliers on their “do-not-fly” lists. Some passengers […] …read more […]

The mainstream media has nothing but gloom-and-doom predictions about a possible second wave of the coronavirus.
But, as Alexander Green explains today, investors who ignored their predictions have capitalized on a historic rally in the markets.

Note from Senior Managing Editor Christina Grieves: In today’s article, Alexander Green discusses the market’s recovery – which seems to be the opposite of the mainstream media’s gloom-and-doom predictions. If you’re ready to join the millions of investors who have capitalized on this historic rally, stay tuned for Alex’s No. 1 microcap stock! He will be sharing his latest recommendation in his new project launching this …read more […]

(Bloomberg) — Steve Schwarzman, chief executive officer of Blackstone Group Inc., said the economy is likely to benefit from a V-type recovery in the next few months.The co-founder of the world’s biggest alternative asset management firm weighed in on markets in an interview Monday during the Bloomberg Invest Global virtual event.“You’ll see a big V in terms of the economy going up for the next few months because it’s been closed,” said Schwarzman.Markets are benefiting from both liquidity and optimism that the coronavirus crisis can eventually be contained, Schwarzman said, but he cautioned on the economy, “It’ll take quite a …read more […]

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Apple is updating its WatchOS with sleep tracking and new workouts. …read more […]

Investors should be prepared for verbal bombs to be tossed between President Donald Trump and challenger to his throne in former vice president Joe Biden. …read more […]

Apple has debuted its iOS 14 operating system, coming to iPhones later this year. …read more […]