Plus, U.S. GDP contracted 4.8% in the first quarter, Spotify saw a 31% increase in active premium subscribers to its music streaming platform in the first quarter, while Boeing is cutting its payroll costs by 10% amid an aviation market “frozen” by the coronavirus pandemic.
Read MorePlus, oil fell lower again, GM is suspending its dividend to shore up cash, Tesla is calling employees back to its Fremont, California plant ahead of schedule, and Starbucks shares are higher after the coffee giant struck a partnership with Sequoia Capital China to expand its operations in the world’s second largest economy.
Read MoreThis sector has been hit hard by the coronavirus shutdown, but 8 stocks in the space look like opportunities.
Read MorePlus, oil fell back into negative territory this morning, Trump pledged aid for struggling oil and gas companies, Coca-Cola said its global volumes have plunged 25% so far this month, and Starbucks is adding Beyond Meat products to its menu in China.
Read MorePlus, earnings season began with JPMorgan, Wells Fargo, and Johnson & Johnson reporting, Roku shares are higher after the streaming device maker said it netted 3 million active accounts in the first quarter, and Tesla shares are up after an upgrade.
Read MorePlus, the Fed’s Kashkari said the U.S. could face 18 months of rolling shut downs due to the coronavirus, the WHO said there are currently 70 vaccines in development for the novel virus globally, Amazon said it is hiring another 75,000 workers as demand continues to surge, and Ford warned of a 15.7% drop in first quarter revenue.
Read MorePlus, manufacturing contracted in March, new mortgage applications fell, Fiat Chrysler reported a more than 10% decline in auto sales in the first quarter, and T-Mobile and Sprint finally completed their merger.
Read MorePlus, the White House and congressional Democrats are beginning work on a fourth stimulus package, Simon Property Group has furloughed 30% of its workers amid the coronavirus pandemic, and Domino’s shares are down after the pizza chain said sales rose less investors had expected in the first quarter.
Read MorePlus, the market is higher on optimism that a third stimulus bill will be finalized today, Gilead Sciences’ experimental COVID-19 treatment, remdesivir, received Orphan Drug Designation from the FDA, and General Motors said it is conserving cash and drawing down $16 billion from credit lines.
Read MorePlus, Senate republicans unveiled the third coronavirus relief package, California residents are under lockdown, and JPMorgan and Walmart are giving cash bonuses to front-line employees.
Read MorePlus, Treasury Secretary Mnuchin revealed details of a third coronavirus aid package, Disney issued a warning about its future performance, and Ford suspended its dividend.
Read MorePlus, Bob Iger stepped down as Disney’s CEO, Ford’s COO says there’s a sense of urgency and crisis at the automaker, and Lowe’s reported mixed Q4 results.
Read MoreThe completion of Phase One of a U.S.-China trade deal at the beginning of the year put analysts, economists and investors alike in a bullish move about most of the sectors in the market that have anything to do with global trade. Even recent tensions and concerns about the outbreak and potential global spread of […]
Read MorePlus, Citi says gold could hit $1,700 per ounce in the next 6 – 12 months, Tesla shares topped $930, and one speculative space stock has seen its trading volume explode.
Read MoreAfter the U.S. and China finally agreed to the first phase of what most people hope becomes a long-term trade deal between the world’s two largest economies, most analysts began predicting a bullish future for the global markets through the rest of the year. Even initial reports about the outbreak and rapid spread of coronavirus […]
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