Donald Trump was poised to announce a 90-day suspension of tariff payments on certain imports, including some apparel and light trucks, as the US president seeks to blunt the economic damage from the coronavirus pandemic. The Trump administration in recent weeks allowed some tariff exemptions for medical supplies US officials had sought to bolster domestic
Month: March 2020
As states close down and businesses are shuttered because of COVID-19, the illness caused by the novel coronavirus, record numbers of the newly out-of-work have been applying for unemployment insurance (UI) to help pay the bills. On March 26, 2020, the U.S. Department of Labor (DOL) announced that in the week ending March 21, 3.28
The NCAA, after canceling winter and spring championships that include its lucrative “March Madness” men’s basketball tournament, was hit with a negative outlook. Moody’s Investors Service lowered its outlook on the organization’s Aa2 rating to negative from stable March 23.. S&P Global Ratings rates the Indianapolis-based organization AA, outlook stable. The organization has roughly $9.6
Getty Images April 1 is here. Meeting routine financial obligations, such as rent and student loans bills, will be a challenge for the millions of Americans who find themselves without a paycheck thanks to the coronavirus outbreak. Overwhelmed? Scared? Begin by making a list of all your bills, experts say. At the top should be the things
Check out the companies making headlines in midday trading. Dollar Tree — Shares of the discount retailer fell more than 7% after Dollar Tree withdrew its guidance for the year due to uncertainty around the fast-spreading coronavirus. Amarin — Shares of Amarin tanked 70% after the pharmaceutical company received an unfavorable ruling from a Nevada court in
The equity markets took a bit of a tumble today on coronavirus concerns, but this may have created a buying opportunity for our favorite chip makers. Nvidia: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Intel: https://www.zacks.com/stock/quote/INTC?cid=CS-YOUTUBE-FT-VID TSMC: https://www.zacks.com/stock/quote/TSM?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
A multiyear boom in mergers and acquisitions activity came to a halt by the end of March, as the fallout from the coronavirus pandemic ravaged corporate share prices and redirected the focus of executives towards saving their own companies instead of trying to buy others. Deal activity last week totalled just $12.5bn, the lowest weekly total
A very important piece of resulting legislation, the Glass-Steagall Act, established the FDIC as one of many comprehensive safeguards against the financial calamities of the time. Many of these safeguards have come to rescue the economy, or at least mitigate damage, during times of financial crisis. The FDIC insures bank deposits owned by corporations, partnerships,
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight the coronavirus. “[It is] a very, very simple and robust design that we can get out
Two US healthcare companies have brought new hope in the fight against coronavirus, with Johnson & Johnson announcing a potential vaccine that could be available early next year and Abbott Laboratories launching a rapid test kit. J&J said on Monday it had identified a vaccine candidate and was teaming up with the US government to
It’s a simple fact that clothes wear out and styles change. This means that it’s inevitable that everyone needs to repair or replace clothing once in a while, even those who absolutely despise shopping for new clothes. For frugal shoppers, this means buying clothes when you can get the very best prices, which can often
Yields in the municipal market declined slightly Monday as new-issue market showed some signs of activity. Municipal credit is beginning to emerge as more of an investing consideration as the market deals with the coronavirus-led selloff and subsequent Fed-led rebound. These moves are starting to make participants pick winners and losers from a credit perspective
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose a stronger-than-expected 2.4% in February compared with January. Sales were up
President Donald Trump’s decision to keep coronavirus safety guidelines in place until April 30, coupled with some promising developments from health companies, has helped calm some of the angst in the stock market, for now. Stocks were up about 2% Monday morning, and health care was best-performing sector, up 3.6%. Johnson & Johnson jumped more than
US crude oil prices fell below $20 a barrel shortly after trading reopened on Sunday, close to the lowest level in 18 years, as traders bet production will need to shut in to cope with the collapse in demand from the coronavirus pandemic. The US benchmark, known as West Texas Intermediate or WTI, hit a
How Do Fixed Costs and Variable Costs Affect Gross Profit? Gross profit is an important measure of a company’s profitability that indicates its ability to turn a dollar of revenue into a dollar of profit, after accounting for all expenses directly associated with producing goods or services for sale. Gross profit is simply total revenue minus
Pershing Square Capital manager Bill Ackman defended his emotional CNBC appearance last week after his fund announced a few days later that it made over $2 billion on bets against the markets. The investor warned that “hell is coming” and that hotel stocks could go to zero in the interview. “Shortly after the show, I
Between 100,000 and 200,000 people in America could die as a result of coronavirus, one of the doctors leading the US response has warned, after a weekend on which the global death toll surpassed 30,000. The US death toll climbed above 2,000 over the weekend, with local politicians warning they are fast running out of
The Wisconsin Center District may move forward with a vote April 2 on a borrowing plan for the $420 million expansion of Milwaukee’s convention center in order to be ready to jump into the market should market and city hurdles clear up. “Removing the expansion vote from the agenda in light of the issues we
Life Insurance vs. Annuity: An Overview At first glance, permanent life insurance policies and annuity contracts exhibit polar opposite goals. While life insurance seeks to provide an individual’s family with a lump-sum fiscal payout if that individual dies prematurely, annuities act as safety nets by providing individuals with a lifetime of guaranteed income streams. Both products
Newly constructed single family homes are shown for sale in Encinitas, California, July 31, 2019. Mike Blake | Reuters With more than 92,000 coronavirus cases and at least 1,380 deaths in the U.S. that have been linked to COVID-19, the U.S. currently has the most reported cases of coronavirus across the globe, putting life on hold for
The Cboe Volatility Index (VIX), has become one of the most widely watched indicators of market sentiment in the world. In theory, it works on a simple principle: It is a measure of the stock market’s expectation of volatility over the following 30 days based on near-term S&P 500 index options, both puts and calls.
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. GameStop — Shares of the video game retailer surged 14% in extended trading after the company said it had seen a positive impact on its business from the coronavirus. “The COVID-19 outbreak has led to changes in how consumers
Tracey Ryniec and Kevin Cook look at a big energy explorer and one of the hot gene editing biotechs. Occidental Petroleum: https://www.zacks.com/stock/quote/OXY?cid=CS-YOUTUBE-FT-VID CRISPR Therapeutics: https://www.zacks.com/stock/quote/CRSP?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
More than 42% of the US now under ‘stay at home’ orders Peter Wells reports from New York New Mexico has become the latest state to issue a stay at home order, bringing the proportion of the US population under lockdown now and in coming days to more than 40 per cent. The order from
Anyone who visits Manhattan will recognize the bright signs and billboards that are a hallmark of Times Square. If you’ve never been there, this landmark piece of New York real estate is often seen in television or film, so you’ll understand what the fuss is about. Times Square billboard advertising today enjoys plenty of ad dollars thanks to digital
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation:
Puerto Rico bankruptcy Judge Laura Taylor Swain on Friday ordered the postponement of deadlines in the central government bankruptcy. The Puerto Rico Oversight Board, citing the impact of the COVID-19 virus on the island and involved lawyers, asked for the postponement on Sunday. Puerto Rico bankruptcy Judge Laura Taylor Swain has delayed some parts of
Donald Trump said he is considering imposing a quarantine on the whole of New York state to stop the spread of coronavirus, sparking a row with Andrew Cuomo, the state governor. The US president said on Saturday he was thinking of imposing a travel ban on people from New York, New Jersey and parts of
The national debt level has been a significant subject of U.S. domestic policy controversy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the debt
- 1
- 2
- 3
- …
- 12
- Next Page »