May 25, 2020
“Dow Jones futures rose solidly Monday morning, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs. Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Tesla (TSLA)… Continue Reading…
May 22, 2020
“Alibaba (BABA) reported quarterly results before the market open Friday that beat estimates as total gross merchandise volume for the year hit a record $1 trillion. Alibaba stock fell. The China e-commerce giant reported adjusted earnings of $1.30 per share, up… Continue Reading…
May 22, 2020
“While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Stocks with high dividend yields can serve as a great foundation for a long-term investment portfolio. One of the best places… Continue Reading…
May 21, 2020
“First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. Economists surveyed by Dow Jones had been looking for 2.4 million claims. The seasonally adjusted… Continue Reading…
May 21, 2020
“When Spotify CEO Daniel Ek announced the $340 million acquisition of podcast companies Gimlet and Anchor in February 2019, he declared that Spotify’s mission was to become to the world’s leading audio—not just music—platform. In a blog post titled “Audio-First,” … A year later,… Continue Reading…
May 20, 2020
“U.S. crude production fell to 11.5 million barrels per day from 11.6 million bpd in the prior week, EIA said Wednesday. That’s down from a high of 13.1 million in March and the marked the seventh consecutive decrease… U.S. crude futures… Continue Reading…
May 20, 2020
“The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines like Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based… Continue Reading…
May 19, 2020
““Three, four years down the line if the economy is still in a very weak state, then perhaps the Federal Reserve could consider negative rates,” said Seamus Mac Gorain, head of global rates in London at the $1.7 trillion investment… Continue Reading…
May 19, 2020
“More than 4.1 million homeowners are in forbearance plans now, according to the latest data from the Mortgage Bankers Association. While mortgage servicers are still facing stress because of the record deluge of requests for payment relief, signs suggest that… Continue Reading…
May 18, 2020
I’ll Make this short and sweet. I see a lot of good things happening. I’m betting on the economy bouncing back rather quickly. Many places are starting to return to normal. Restrictions of social distancing is easing. It’s a good… Continue Reading…
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