Plus, another 2.4 million Americans filed for unemployment bringing the pandemic total to more than 38 million, AstraZeneca was awarded $1.2 billion from the U.S. government for the development of its COVID-19 vaccine, and Best Buy shares are down after earnings.
Read MorePlus, Fed Chairman Powell said the U.S. economy could shrink 30% in the second quarter, oil surged to a two-month high, and FedEx and Microsoft are teaming up to “transform commerce” with a new data service.
Read MorePlus, JCPenney is expected to file for bankruptcy today, the Trump administration moved to block chip shipments to Huawei, and the FDA issued a warning about Abbott Labs’ rapid COVID-19 test.
Read MoreThe U.S. economy may look back on the coronavirus crisis as the Second Depression, Jones said this week. Here’s what you need to know.
Read MorePessimism is soon to take over the FOMO that has been driving the market higher since the March bottom. Here’s why.
Read MorePlus, weekly jobless claims came it at just under 3 million and Goldman Sachs says the unemployment rate could peak at 25%, Trump said he doesn’t want to talk to Chinese President Xi as tensions rise between the world’s two largest economies, and airlines are down after a trade group said demand for air travel is unlikely to recover until 2023.
Read MorePlus, the Trump Administration is facing renewed pressure to provide more economic stimulus, the consumer price index fell by the most on record in April, and Tesla reopened its Fremont, CA plant against local county orders.
Read MorePlus, 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 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 MoreI don’t think it’s too surprising that a lot of publicly traded companies have begun suspending their guidance forecasts over the last few weeks. The truth is that the extended, global economic shutdown due to the COVID-19 pandemic is likely to see an even more extended effect, even as countries, states and municipalities begin taking […]
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 […]
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