Plus, oil is climbing after Trump said Russia and Saudi Arabia will work toward easing the pressure on oil by ending their price war, U.S. coronavirus cases rose past 216,000, and Luckin Coffee shares plummeted after the company disclosed that its COO had fabricated 2019 sales figures.
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 $2 trillion stimulus bill has hit a snag in the House, the U.S. now has the most cases of the coronavirus in the world, and Novartis’ CEO said it’s “too soon” to say if two anti-malaria drugs will be an effective vaccine against the deadly virus.
Read MoreThe market hasn’t bottomed yet, but these are the key conditions to watch for.
Read MoreEconomists say we’re already coming into a recession. The question now is, will it get bad enough and last long enough to qualify as a depression?
Read MoreThe billionaire fund manager cashed out of market hedges this week to the tune of $2.6 billion, and used that cash to buy these 6 stocks.
Read MorePlus, the Senate passed its $2 trillion coronavirus stimulus package, deaths from COVID-19 surpassed 1,000 in the U.S., and Wendy’s withdrew guidance for the year.
Read MorePlus, 1 month and 3 month Treasury yields slipped into negative territory this morning, Target withdrew its full-year forecast, and Nike shares are rising after the sneaker maker reported better-than-expected sales.
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, the Fed issued new initiatives in an effort to calm the market, the Senate is still negotiating a $2 trillion stimulus package, GE’s aviation unit is laying off 10% of its workforce, and CVS is hiring 50,000 workers.
Read MorePlus, stocks’ volatile week continues, oil crashed to 18-year lows, and Apple announced new products.
Read MorePlus, the Trump administration is seeking a third coronavirus stimulus package, the WHO warns that the virus can in some cases survive in the air, and Cisco said that there have been 5.5 billion meeting minutes for its Webex video conferencing platform since the start of the month.
Read MoreWe could look back on March 2020 as the start of a recession in the U.S., according to big-name economist.
Read MorePlus, the global rout for stocks continues, the NBA suspended its season after a player tested positive for the coronavirus, and shares of Carnival cruise line are down sharply after it announced suspending operations for one of its ship fleets.
Read MorePlus, Boeing said it had more cancellations than new orders in February, and Pepsi is buying Rockstar Energy.
Read More