The National Guard was on the streets of more than a dozen US states and Washington DC on Sunday morning, after protests following the death of George Floyd gave way to another night of violence across America. Angry crowds have clashed with police in major cities across the US, with fierce battles in Los Angeles,
Month: May 2020
Alibaba (NYSE:BABA) stock investors just can’t seem to catch a break. Between the trade war, the novel coronavirus and now fears over a potential U.S. delisting, the stock has been bombarded with negative headlines over and over. Source: Kevin Chen Photography / Shutterstock.com None of these headlines have anything directly to do with the company
The SpaceX Crew Dragon spacecraft for Demo-2 inside the company’s hangar at NASA’s Kennedy Space Center. SpaceX SpaceX is set for its most important milestone yet, in a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch a pair of NASA astronauts on Wednesday — the
Investors fortunate enough to have bought Chevron (NYSE:CVX) stock at its March 23 low of $54.22 per share have made a very nice return. Since then, Chevron stock rebounded nicely to trade in the low-$90s for the past month. At $91.70, there’s a lot of upside between here and $120, which is where CVX traded
Halliburton (NYSE:HAL), the oilfield services company once run by former vice president Dick Cheney, is in deep trouble. A reported loss of $1 billion, $1.16 per share, on revenue of $5 billion during the March quarter is just part of of the problem for Halliburton stock. While domestic activity dropped 25% during that quarter, the
Key Takeaways Noncurrent assets describe a company’s long-term investments/assets that have useful lives of at least one year. Noncurrent assets traditionally include real estate properties, manufacturing plants, equipment, and other tangible or fixed physical items that are highly illiquid because they can’t be expeditiously sold for cash. In some cases, noncurrent assets also include intangible
People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Nearly 4 million people came
American Airlines (NYSE:AAL) dropped 8% on May 28 after reporting earnings. Clearly investors have not yet come to terms with all of the woes that the industry is facing. This also put pressure on Southwest Airlines (NASDAQ:LUV), which fell 3% on Thursday and some more this morning. But it hasn’t all been bad news in
Mohamed El-Erian told CNBC on Tuesday that there was “good news across the board” on the coronavirus battle as U.S. stock surged. Appearing on “Squawk Box,” the chief economic advisor at Allianz said he is encouraged by developments on a potential Covid-19 vaccine and the lack of a dramatic spike in new cases as states moved to reopen
In a recent write-up, I discussed how Penn National (NASDAQ:PENN) stock isn’t the best casino play out there. But, given how shares have skyrocketed in recent weeks, did I miss the mark? Or was I too early to the party, going bearish before the excitement dissipated? Source: Casimiro PT / Shutterstock.com A little from column
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Corporations, borrowing at more than twice last year’s pace, have already raised more than $1 trillion as they race to restructure older debt, pay down bank lines and
The governor of Minnesota has sent in the National Guard in the biggest domestic deployment in the state military reserve’s history in an attempt to contain protests and riots following the death of George Floyd in Minneapolis. Tim Walz, the state’s governor, said that more than 1,000 reserves were being deployed, in addition to the
There’s a lot I don’t understand about science and virology. But I understand marketing and the power of a great brand. So even in the midst of a global selloff in equities, I remained bullish on Disney (NYSE:DIS). And since my last article, DIS stock is up 20%. Source: spiderman777 / Shutterstock.com However, skeptics will
CNBC’s Jim Cramer on Thursday recommended investors continue adding the remote work plays to their investment portfolios as the stocks pull back. “These stocks have been big winners since the bottom in March, and while many of them have fallen out of favor this week, I think that’s temporary,” the “Mad Money” host said after
Snap (NYSE:SNAP) doesn’t look bad for a company that often gets lost in the shuffle with Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) dominating headlines in the social media space. SNAP stock gained close to 11% in value over the last month. Source: Ink Drop / Shutterstock.com After a stellar first-quarter report, SNAP stock recorded a 36.7%
In an investment presentation given by Goldman Sachs on Wednesday, Goldman listed a number of reasons why they think Bitcoin is not an asset class. The presentation said that not only was Bitcoin “not an asset class,” but that it also lacked the attributes of being a “suitable investment” at all. In Goldman’s presentation, it
The rising tensions between the U.S. and China could continue to hang over the technology sector, even though President Donald Trump on Friday stopped short of threatening Beijing with more trade actions. The president said the U.S. was ending its preferential treatment of Hong Kong and terminated the U.S. relationship with the World Health Organization
Delta Air Lines (NYSE:DAL) and other carriers aren’t out of the novel coronavirus woods yet, not by a long shot. But a jump of 18.24% last week by DAL stock can’t be glossed over either. Source: NextNewMedia / Shutterstock.com The recent strength of DAL stock epitomizes what’s happening in the equity market today. Stocks, including
CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
Visa (NYSE:V) is one of the few companies still buying back shares and also paying dividends. That activity directly supports V stock, which now trades above the price it started in 2020 while the S&P 500 index is more than 8% lower. Source: Teerawit Chankowet / Shutterstock.com Moreover, the payments card processor’s continued share repurchases along
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