On Saturday, Danaher (NYSE: DHR) received an emergency use authorization for its on-site coronavirus test from the U.S. Food and Drug Administration (FDA). Unlike tests that are sent away to a centralized lab, the Xpert Xpress SARS-CoV-2 test can check a sample for the virus tha
COVID-19 is already battering the stock market and U.S. economy, and millions of Americans are already reportedly out of work. If you're in that boat, your first move should be to apply for unemployment benefits, though some workers, including those who are self-employed, may no
Delta Air Lines Inc. (DAL), expects an 80% decline in revenues for the second quarter as the outbreak of the coronavirus curtails travel around the world.
As a result of the sharp drop in travel demand, the airline is projecting second-quarter revenues will be slashed by $10 billion, or 80%, compared to the same period a year ago. The company is burning about $50 million in cash each day, CEO Ed Bastian, wrote in a letter to employees.
Analysts’ recommendations on the stock show a mixed picture, with 4 Buy ratings and 6 Hold ratings resulting in a Moderate Buy for the airline. The average price target of $58.75 could provide returns of 175% in the next 12 months. (See Delta stock analysis on TipRanks)
In addition, Delta announced that it secured a $2.6 billion credit line to strengthen its cash position in coming weeks and months. Share repurchases have been halted and the company’s board of directors voted to suspend future dividend payments.
(RTTNews) - Cooper Tire & Rubber Co. (CTB) said Saturday that it will temporarily shut down its tire manufacturing facilities in the United States and Mexico to protect workers during the coronavirus pandemic.
(RTTNews) - GameStop Corp. (GME), a video game, consumer electronics and gaming merchandise retailer, said that it will temporarily close all its US-based retail locations, and process orders on a digital only basis, starting on 22nd March, as a result of the continued spread of
(RTTNews) - Quest Diagnostics (DGX) is addition special hours for non-COVID-19 testing for older and highly vulnerable patients at its 2,250 patient service centers across the United States.
What happened
Stock markets continued "in the green" as Friday arrived to close out the week, and one of the bigger stocks reaping bigger gains right now is General Electric (NYSE: GE) -- up 5.8% as of 11:15 a.m. EDT.
Companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, Britain's Financial Conduct Authority said on Saturday.
Until recently, there's been a lot of conjecture that Netflix (NASDAQ: NFLX) could be a potential beneficiary of people sheltering at home in an attempt to avoid contracting the COVID-19 coronavirus that's sweeping across the globe.
Disney's (NYSE: DIS) domestic theme parks have been closed since last weekend, and it feels like an eternity. It may be a mere coincidence that Wall Street would suffer its worst week of trading since 2008, but the closing of Disney World and Disneyland, in at least a small wa
For years, internet traffic growth has been booming. Not only are more corners of the globe getting connected for the first time, but the number of connected devices in developed markets continues to grow, and the size of data transfers is on the rise. That's thanks in large par
No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop i
Ollie's Bargain Outlet's (NASDAQ: OLLI) fiscal fourth-quarter 2019 earnings, released Thursday evening, enabled the extreme value retailer to find a reprieve on another difficult day in the markets on Friday: Shares gained nearly 2%, though they remain down roughly 40% on the y
It was a cruel week for investors that were long the market. Stocks experienced their worst week of trading since the 2008 financial crisis, and naturally there were thousands of stocks hitting new lows.
The stock market has fallen like a rock over the past several weeks, and it's making even the most experienced investors a bit gun-shy about their investments. If you've never invested before, you're probably counting your lucky stars that you missed all the fireworks -- and the
Just as the COVID-19 sell-off was about to crush the markets, Stitch Fix (NASDAQ: SFIX) delivered a lower-than-expected outlook after earnings results on March 9. The double blow of weak guidance and the coronavirus pandemic was too much for short-term stock traders to handle,
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