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
Month: March 2020
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
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. RH — The home furnishings retailer’s stock fell 11% in extended trading after the company missed analysts’ estimates on revenue during the fourth quarter. RH reported revenue of $665
Henry Chin from real estate services and investment firm CBRE says there are some bargain hunting opportunities in the market right now due to the coronavirus outbreak. He shares who the top investors are and some of their most favorite investments in the commercial sector at the moment. 00:52 28 minutes ago
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
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
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
The financial media have coined a few pejorative phrases to describe the pitfalls of borrowing money from a 401(k) plan. Some—including financial planning professionals—would even have you believe that taking a loan from a 401(k) plan is an act of robbery committed against your retirement. But a 401(k) loan can be appropriate in some situations.
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
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
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.
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
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
Jefferies Financial Group Inc. said Peg Broadbent, the longtime chief financial officer of its main subsidiary, has died from complications tied to coronavirus, marking one of the first deaths among senior Wall Street executives from the pandemic. He was 56. Broadbent had been CFO at the New York-based financial-services company since November 2007, following a
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
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
Trading units (aka lots, aka position size) is one of those trading terms that seem simple but can be quite confusing for someone who’s just come into the trading world. The reason behind this is that different types of trading require different terminology to describe them. Forex and stocks have different predefined sizes for trading
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
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:
Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty Major stock indices, in just a few days, have made back more than half their losses, but technical analysts warn the market is setting up for a retest that will decide whether Monday’s lows
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday. Lenders will also waive late
Municipal benchmark yields were five to 10 basis points lower Friday, extending the market’s recent rally through the end of the week. The municipal market has weathered an unprecedented, volatile month during which the market swung from record-low yields to a 200-basis-point selloff before erasing much of the losses as the impact of the coronavirus
Only four weeks ago, Donald Trump was brimming with confidence that the coronavirus pandemic would have little impact on the US. “It’s going to disappear,” the president said at the White House on February 28. “One day it’s like a miracle, it will disappear.” Just how wrong that prediction turned out to be was made
The foreign exchange (forex) market is the largest market in the world: Currency is changing hands whenever goods and services are traded between nations. The sheer size of the transactions going on around the globe provides arbitrage opportunities for speculators, because the currency values fluctuate by the minute. Usually, these speculators make many trades for
After using the price-to-book ratio and the Zacks Rank to find value stocks, Tracey Ryniec profiles her top pick: Carnival Corporation (CCL). Carnival Corporation: http://www.zacks.com/stock/quote/CCL?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
“Give the market time to prove you right” – is the main message of this video. Traders often manage to predict the market but don’t have the patience or the technical skills to place their stop loss at the right level. David gives the three most vital tips for placing stop loss levels and the
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