After yesterday's return of the everything rally, today markets continue to be mostly up on the hope that all the stimulus being offered and promised by governments around the world, currently $3 trillion and counting, will provide sufficient support
As the coronavirus outbreak expands worldwide, the news is getting worse and worse for Nike (NYSE: NKE). The athletic-wear giant in February temporarily closed about half of its stores in China, where the current health crisis began at the start of the year. Then came the world
Marriott International (NASDAQ: MAR) has taken it on the chin over the last month, with shares down some 40% in that time. That's not surprising, with the novel coronavirus pandemic leading to warnings about large group gatherings and many individuals and companies halting trave
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itse
In recent trading, shares of Dorman Products Inc (Symbol: DORM) have crossed above the average analyst 12-month target price of $63.33, changing hands for $66.77/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
Russian miner Norilsk Nickel (Nornickel) said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture. The decision was made because Rusal did not issue required corporate approvals for Nornickel to participate in the proposed venture.
Stock futures and European equities were higher on Friday, at the end of a turbulent week amid optimism over global central bank action to soothe rattled nerves driven by the growing coronavirus health crisis.
LONDON (Reuters Breakingviews) - Corporate bailouts should be quick, big and wide. From airlines to carmakers to restaurants, businesses around the world are pleading for state support to cope with the coronavirus-induced blow to their revenue. Governments are scrambling
(RTTNews) - Luxury carmaker Tesla Inc. announced its plans to temporarily suspend operations at its California and New York factories in its efforts to stop the spread of Coronavirus or Covid-19. Meanwhile, the operations at its Nevada battery plant and service and Supercharging
(RTTNews) - Sysco Corp. (SYY) said the company has decided to withdraw its fiscal 2018-fiscal 2020 three-year plan guidance due to COVID-19 pandemic. The company said it is taking aggressive action to strengthen liquidity by reducing variable expenses in response to reduced cust
We tend to think of 50-somethings as getting close to retirement, but for those who don't have any savings, the sight of the finish line can be more anxiety-provoking than exciting. If you fall into this group, it's unrealistic to expect that you'll be living in the lap of luxur
Promoter Eddie Hearn says Anthony Joshua's world heavyweight title defence againt IBF mandatory challenger Bulgarian Kubrat Pulev in June has not been postponed yet due to coronavirus, despite the opponent suggesting it would be moved.
(RTTNews) - Hamburger Hafen und Logistik Aktiengesellschaft (HHULF.PK) announced that it expects revenues and operating result or EBIT for the financial year 2020 to strongly fall below prior due to the possible temporarily sharp declines in container throughput and transport.
Trading platform CMC Markets on Friday boosted its annual earnings target for the fourth time in less six months, as the frantic selling driven by the coronavirus drove huge rises in financial market volatility and trading volumes.
British government bond prices jumped on Friday, extending gains made on Thursday after the Bank of England promised to buy 200 billion pounds of assets to support the economy through the coronavirus crisis.
When Hong Kong student Wendy received a question from her geography teacher during an online class, she scrambled to unmute her mother's cellphone, but the screen kept freezing. She had already used up her monthly five gigabytes data allowance.
European shares jumped for a second straight session on Friday, as a wave of fiscal and monetary stimulus tempted investors back into equity markets after days of selling on signs the world was heading into a deep, coronavirus-driven recession.
Britain said on Friday its scramble to produce thousands of ventilators to fight the coronavirus outbreak was achieving results as top companies have already produced a prototype and it should be ready for use in hospitals by the end of next week.
Pub operator J D Wetherspoon on Friday cancelled its dividend and said profit would be below market expectations as long as the coronavirus outbreak continues.
Travis Perkins, Britain's biggest building materials group, said on Friday it was putting the separation of its Wickes home improvement unit on hold and suspending its full-year dividend, citing extreme market volatility due to the coronavirus pandemic.