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Plus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.
Read MorePlus, stocks are up after President Trump said the U.S.-China phase one trade deal is still “fully intact” after confusion following a statement from trade advisor Peter Navarro, six global investors inked a $20.7 billion agreement with the Abu Dhabi National Oil Company, and Wirecard’s former CEO has been arrested.
Read MorePlus, Gilead is gearing up to test an inhaled version of its antiviral drug remdesivir in the treatment of COVID-19, Microsoft is acquiring a cybersecurity startup, and Wirecard shares tanked after it said the $2.1 billion missing from its balance sheet likely doesn’t exist.
Read MorePlus, former FDA Commissioner Dr. Scott Gottlieb said states seeing surges of new coronavirus cases are “on the cusp of losing control” of their outbreaks, Wirecard shares are down after the German payments company said auditors couldn’t confirm the existence of $2.1 billion of cash on its balance sheet, and Spotify shares are up after it inks another big podcast deal.
Read MorePlus, another 2.1 million Americans applied for unemployment benefits last week, Trump is expected to sign an executive order to crack down on liability protections for social media platforms, and Abercrombie shares are down after the mall-staple reported a 34% drop in sales in the first quarter.
Read MoreWeakness in the charts of these 2 stocks may signal more pain ahead for the market.
Read More9 Stocks Goldman Sachs Says Are A Buy Now As The Economy Begins To Reopen
Read MorePlus, the program to provide emergency loans to small businesses amid the coronavirus crisis has run out of money, the Trump administration is expected to unveil its plan to reopen state economies, earnings season marched on with Morgan Stanley and Abbott Laboratories, and Mastercard got a downgrade.
Read MoreOne expert says these 2 stocks could see double-digit upside over the next twelve months.
Read MorePlus, oil and gold are surging, manufacturing disappointed in December, and Tesla delivered a record number of vehicle deliveries for 2019.
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