Plus, Sorrento Therapeutics is partnering with New York’s Mount Sinai on developing a antibody cocktail to shield health care workers and other front-line workers from the coronavirus, Tesla is resuming production at its Fremont, CA plant, and Disney shares got a boost from tickets selling out within minutes for the reopening of its Shanghai Disneyland park.
Read MoreSeveral experts have a warning smart investors may want to heed.
Read MoreThis stock could portend what’s to come for the world market.
Read MorePlus, stocks are higher on hopes for trade talks between the U.S. and China, weekly jobless claims came in at 3.17 million, luxury department store Neiman Marcus filed for Chapter 11, and Tesla has temporarily halted production at its Shanghai plant.
Read MorePlus, oil snapped its five-day winning streak, Uber is laying off 14% of its workforce, Disney saw $1.8 billion in lost profit last quarter due to the coronavirus, while General Motors managed to eke out a profit.
Read MoreGundlach says the market could “take out the low” it saw on March 23.
Read MoreWeakness in the charts of these 2 stocks may signal more pain ahead for the market.
Read MoreIn my search for value, I’ve found it useful to develop a watchlist of stocks that I can check on a regular basis. That means that I often recycle stocks that I’ve previously used to make useful investments in, but don’t currently have a position in. That’s useful, because the familiarity that comes with the […]
Read MorePlus, the FDA is moving at “lightning speed” to review data on Gilead’s remdesivir treatment for COVID-19, Tesla CEO Musk decried stay-at-home orders in an expletive-filled earnings call rant, Macy’s plans to reopen all of its stores within the next six weeks, and American Airlines reported it lost more than $2.2 billion last quarter.
Read MorePlus, 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 prices rose on reports of an explosion at an oil tanker in Syria, Treasury Secretary Mnuchin said it’s “outrageous” that the Los Angeles Lakers and other large companies received aid meant for small businesses, Simon Property Group is preparing to reopen 49 of its mall properties nationwide, and its a busy day for earnings.
Read MoreThe last couple of weeks have seen the market rallying strongly, driven primarily by plans announced by various state governments loosening restrictions on business operations and on public lands access. Some have already begun doing that, while others plan to begin on or around May 1. Others in some of the hardest-hit areas of the […]
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 MorePlus, the House passed the $484 billion small business aid package, consumer confidence fell for the third straight month, and AT&T’s Stephenson is out as CEO.
Read MoreWe’re in “a brutal recession,” and it may take a while for the market to recover amid the coronavirus pandemic. Here’s what one expert says to expect.
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