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Yahoo Business
Mar 28, 2020

Oil Prices Could Fall Another 20%
As the coronavirus escalates across the United States, businesses and individuals are concerned with how this will affect their taxes, despite the deadline being extended to July 15.

Yahoo Business
Mar 28, 2020

Rosneft hands Venezuelan oil business to Russian state firm
Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move apparently intended to shield Russia's largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolas Maduro in the wake of a U.S. narcotics indictment. The sale, announced Saturday, follows the recent sanctioning of two Rosneft subsidiaries in an effort to cut a critical lifeline Russia extended to Maduro after the U.S. government made it illegal for Americans to buy crude from Venezuela.

Yahoo Business
Mar 28, 2020

Russia's Rosneft oil company ceasing Venezuela operations
The market is very focused on the negative ramifications of the global economic shutdown from the coronavirus outbreak. The cannabis sector will be hit as hard as any sector if retail stores are closed in certain, but some states such as California have already identified medical cannabis as essential.The U.S. cannabis sector could be hit harder with all of the companies in growth mode while facing liquidity issues. The sector remains trapped outside the traditional financing avenues due to government regulations with cannabis being illegal at the federal level.Despite all of these headwinds, the U.S. cannabis market saw several states generate substantial growth in the last few months and quarters. U.S. multi-state operators (MSOs) positioned in the right states are riding waves of substantial growth due to either the legalization of medical cannabis in Pennsylvania, recreational cannabis in Illinois or the ongoing ramp of medical in Florida.Pennsylvania is estimated to have grown Q4 revenues 50% sequentially to $130 million with additional growth in January to reach an annual run rate of $515 million. Illinois sales are expected to more than double in Q1 after the start of recreational cannabis sales on January 1. The state saw impressive medical sales of $79 million in Q4 alone and analysts estimate the market top $2 billion in annual sales.Even Florida sales are booming. The MSOs working in these states will benefit from the addition of recreational sales. Remember that MSOs haven't even repo

Yahoo Business
Mar 28, 2020

Why Are Tesla Cars So Popular?
Everything from the 5G revolution to the advancement of the American military is dependent on a key metal which is flying under most investors' radar

Yahoo Business
Mar 28, 2020

Pipelines Ask U.S. Oil Drillers to Curb Output as Tanks Fill Up
(Bloomberg) -- American pipeline operators have begun asking oil producers to voluntarily ratchet back their output in the clearest sign yet that a growing glut of crude is overwhelming storage capacity.Plains All American Pipeline LP, one of the biggest shippers of crude in the U.S., sent a letter this week asking its suppliers to scale back production. The notice came from the company's marketing unit that buys and sells oil to customers. A Texas oil regulator said Saturday that drillers were getting similar notices from pipeline operators.The messages signal the oil market is fast approaching the moment traders have been warning about -- when crude supplies overflow storage tanks and pipelines as the coronavirus pandemic drags down oil demand by the most in history."We are sending this proactive request to our suppliers to ask that you take steps to reduce oil production in response to the pandemic," Houston-based Plains said in the letter obtained by Bloomberg.Plains didn't immediately have comment on its request. The company sent a separate letter requiring customers to prove they have a buyer or place to offload the crude they're shipping, according to people familiar with the matter. Enterprise Products Partners LP put out a similar call, one person said. The firm didn't immediately have comment. The idea is to prevent anyone from parking oil in pipelines.Physical Prices On Saturday, Ryan Sitton, a member of the Texas Railroad Commission that regulates the state's oil industry, said he'd heard th

Yahoo Business
Mar 28, 2020

Ferrari Portofino: the most attainable Ferrari is one of its best
Last year Ferrari introduced a new model to the lineup. I hesitate to use the term "entry level," but that's what the new Portofino is, the cheapest, or most attainable model Ferrari has on offer. 

Yahoo Business
Mar 28, 2020

Edited Transcript of GERN earnings conference call or presentation 12-Mar-20 8:30pm GMT
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 28, 2020

'I'm deeply concerned': Public health experts warn of coronavirus spread in more U.S. cities
The growing number of coronavirus cases is worrying many public health experts, including NYU Langone Health Assistant Professor Alison Bateman-House. 

Yahoo Business
Mar 28, 2020

Bill Gates on coronavirus: U.S. testing needs to increase ‘quite dramatically'
Philanthropist and billionaire Bill Gates believes that the best way to stop the spread of the coronavirus, or COVID-19, is to "quite dramatically" ramp up testing.

Yahoo Business
Mar 28, 2020

Don't Sell The Hershey Company (NYSE:HSY) Before You Read This
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

Yahoo Business
Mar 28, 2020

Here's What Analysts Are Forecasting For The Home Depot, Inc. (NYSE:HD) After Its Yearly Results
The investors in The Home Depot, Inc.'s (NYSE:HD) will be rubbing their hands together with glee today, after the...

Yahoo Business
Mar 28, 2020

What Is Hanesbrands's (NYSE:HBI) P/E Ratio After Its Share Price Tanked?
To the annoyance of some shareholders, Hanesbrands (NYSE:HBI) shares are down a considerable 36% in the last month...

Yahoo Business
Mar 28, 2020

Dividend Investors: Don't Be Too Quick To Buy Western Digital Corporation (NASDAQ:WDC) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Yahoo Business
Mar 28, 2020

Is It Smart To Buy Sysco Corporation (NYSE:SYY) Before It Goes Ex-Dividend?
Sysco Corporation (NYSE:SYY) is about to trade ex-dividend in the next 4 days. You can purchase shares before the 2nd...

Yahoo Business
Mar 28, 2020

US$1.00: That's What Analysts Think Biocept, Inc. (NASDAQ:BIOC) Is Worth After Its Latest Results
It's been a good week for Biocept, Inc. (NASDAQ:BIOC) shareholders, because the company has just released its latest...

Yahoo Business
Mar 28, 2020

Under Armour, Fanatics and other sports retailers are making coronavirus masks
Fanatics, the maker of official licensed apparel for all the major sports leagues, and other sports apparel brands are making medical masks and gowns for hospital workers.

Yahoo Business
Mar 28, 2020

Is It Smart To Buy Bristol-Myers Squibb Company (NYSE:BMY) Before It Goes Ex-Dividend?
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Yahoo Business
Mar 28, 2020

American Express Company (NYSE:AXP) Looks Interesting, And It's About To Pay A Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see American...

Yahoo Business
Mar 28, 2020

What will everything look like after the coronavirus
The coronavirus has turned life upside down, and when it's over our lives will be changed permanently.

Yahoo Business
Mar 28, 2020

People Are Rushing to Buy 100-Ounce Bars of Gold
(Bloomberg) -- There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.Not only are prices swinging in an erratic fashion -- surging one moment and crashing the next -- that is undermining the metal's vaunted status as a haven in times of crisis, but unprecedented logistical disruptions have also kicked off a frantic hunt for actual bars of gold.At the center of it all are a small band of traders who for years had cashed in on what had always been a sure-fire bet: shorting gold in the futures market. Usually, they'd ride the trade out till the end of the contract when they'd have a couple of options to get out without marking much, if any, loss.But the virus, and the global economic collapse that it's sparking, have created such extreme price distortions that those easy-exit options disappeared on them. Which means that they suddenly faced the threat of having to deliver actual gold bars to the buyers of the contract upon maturity.It's at this point that things get really bad for the short-sellers.To make good on maturing contracts, they'd have to move actual gold from various locations. But with the virus shutting down air travel across the globe, procuring a flight to transport the metal became nearly impossible.If they somehow managed to get a flight, there was another major problem. Futures contracts in New York are based on 100-ounce bullion bars. The gold that's rushed in from abroad is almost always a different size.The short-seller need

Yahoo Business
Mar 28, 2020

America's bailed-out airlines are not 'playing fair' with customers, travel expert says
In an interview with Yahoo Finance, CBS Travel Editor Peter Greenberg questions whether the $2 trillion bailout protects airline passengers.

Yahoo Business
Mar 28, 2020

Spain's Deadliest Day; Global Cases Exceed 600,000: Virus Update
(Bloomberg) -- Global cases of coronavirus surpassed 600,000 and the U.S. became the first country to reach 100,000 infections. Spain reported a second consecutive day of record deaths as the pandemic shows no signs of abating.Japan's Prime Minister Shinzo Abe said the country will extend stimulus on an "unprecedented scale." China also signaled it is preparing larger-scale stimulus to counter the economic fallout.Key Developments:Cases top 607,000; 28,000 dead, 132,000 recovered: Johns HopkinsSpain reports 832 deaths, exceeding Friday's recordTrump uses federal law to order GM to make ventilatorsJapan plans cash handouts, supplementary budgetChina signals ramped-up stimulus, says all 54 new virus cases on March 27 are importedU.S. cases exceed 104,000, more than Italy, ChinaSubscribe to a daily update on the virus from Bloomberg's Prognosis team here.Click VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here. For BNEF's view of the impact on energy, click here.Spain's Deadliest Day (6:42 a.m. NY)Spain said 832 people died from coronavirus in the last 24 hours, its deadliest day since the outbreak began. That brings total fatalities to 5,690 after the country recorded 769 deaths on Friday.Health Minister Salvador Illa warned on Friday that the pandemic has yet to reach its peak in Spain.Germany to Stay Locked Down (6:37 a.m. NY)German Chancellor Angela Merkel said the country'

Yahoo Business
Mar 28, 2020

Global Cases Exceed 600,000; Japan Plans Stimulus: Virus Update
(Bloomberg) -- Global cases of coronavirus surpassed 600,000 and the U.S. became the first country to reach 100,000 infections. Japan's Prime Minister Shinzo Abe said the country will extend stimulus on an "unprecedented scale."China also signaled it is preparing larger-scale stimulus to counter the economic fallout. President Donald Trump ordered General Motors to start making ventilators by invoking a Cold War-era law.Key Developments:Cases top 602,000; 27,800 dead, 131,800 recovered: Johns HopkinsJapan plans cash handouts, supplementary budgetChina signals ramped-up stimulus, says all 54 new virus cases on March 27 are importedL.A. warns of surge and New York of "astronomical" new infectionsU.S. cases exceed 104,000, more than Italy, ChinaHow India plans to lock down 1.3 billion people in a democracySubscribe to a daily update on the virus from Bloomberg's Prognosis team here.Click VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here. For BNEF's view of the impact on energy, click here.Japan Stimulus to Exceed Financial Crisis (5:30 p.m. HK)Japan will extend economic stimulus on an "unprecedented scale" in response to the outbreak, Prime Minister Shinzo Abe said.There will be cash handouts for citizens and the government will act to protect regional employment, he said in a televised press briefing on Saturday. The government actions will be on a larger scale than that of the

Yahoo Business
Mar 28, 2020

10 reasons successful people never retire, even after they've made millions (or billions)
The Oracles asked these mega successful entrepreneurs, who could all retire today if they wanted to, why they keep going. Here's what they said.

Yahoo Business
Mar 28, 2020

How Does Anheuser-Busch InBev's (EBR:ABI) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, Anheuser-Busch InBev (EBR:ABI) shares are down a considerable 37% in the last...

Yahoo Business
Mar 28, 2020

Crude Oil Price Update - Trend is Down, but Next Major Move Up to the Saudis
Unless the Saudi's rescind their threat to flood the market with crude oil, prices are doomed to drop another $5 to $10 per barrel. If they withdraw their threat then prices will surge similar amounts, but gains will be limited by extremely low demand.

Yahoo Business
Mar 28, 2020

Petrostates Hammered by Oil Price Plunge and Pandemic's Spread
(Bloomberg) -- Kazakhstan's long-standing leader calls it a "perfect storm." Venezuela's government is shutting fuel stations across the country. Chad is paying its sovereign debts using cattle.Across the oil-rich states of Africa, the Middle East, Latin America and the former Soviet Union, leaders accustomed to a steady flow of petrodollars see trouble ahead as the oil price war promises to destabilize their economies -- and perhaps their hold on power.Of course, it's not just oil-producing countries that are suffering a dramatic economic shock as the coronavirus pandemic sweeps across the world, but for the world's petrostates, the collapse in oil prices adds another layer of pain. The plunge in export income is putting pressure on currencies and pushing up bond yields just as the virus is ramping up the call on social spending."There's no sugar coating: It's going to be very difficult for producers," said Russell Hardy, CEO of oil trader Vitol Group. "With the exception of a few countries with deep pockets, everyone is suffering. All oil producing countries will have to trim budgets and may have to look at financing."The signs of economic malaise are everywhere. Oil and gas income for key producing countries will fall by 50% to 85% this year to the lowest in more than two decades if prices remain around current levels, according to International Energy Agency estimates. On Tuesday, the IMF said a dozen countries in the Middle East and Central Asia have asked for financial support. Ecuador and G

Yahoo Business
Mar 28, 2020

Mark Cuban Says 3M Not Doing Enough to Keep Face Mask Prices Low
(Bloomberg) -- Billionaire Mark Cuban has been trying to do his part to help hospital workers get more protective equipment, working with a non-profit group and delving into the market himself to find gold-standard N95 respirator masks he could buy for medical personnel.He uncovered something else instead. What he found poking around in that marketplace is leading him increasingly to believe that respirator maker 3M Co. is shirking its duty to keep prices low and get masks where they're needed most during a national emergency. The problem, he says, is that 3M sells the masks through a network of resellers who aren't held accountable for raising prices and don't have to direct their sales to hospitals."3M lists all its distributors online, the ones buying and selling these things, and these distributors are making as much money as they possibly can," Cuban said in an interview. "It's wrong, it's criminal."A representative for 3M pointed to a previous statement saying the company hasn't changed the prices it charges for respirators as result of the Covid-19 outbreak, and can't control the prices dealers or retailers charge for their products. 3M also released a letter this week from Chief Executive Officer Mike Roman to Attorney General William Barr condemning "pandemic profiteers."Cuban, the 61-year-old owner of the Dallas Mavericks, is an entrepreneur and reality-TV star with 7.8 million Twitter followers and a long history of fines by the NBA commissioner for being too brash. He's new to the world of medica

Yahoo Business
Mar 27, 2020

WeWork's Imperiled $3 Billion Stock Sale Would Mostly Benefit 5 Investors
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Yahoo Business
Mar 27, 2020

Hedge Funds Aren't Crazy About Yamana Gold Inc. (AUY) Anymore
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

When will stores reopen in coronavirus pandemic? Not soon. Some are closed indefinitely.
COVID-19 has led retailers to shutter stores until further notice or indefinitely. When locations will reopen is uncertain.

Yahoo Business
Mar 27, 2020

Hedge Funds Started Selling BlackBerry Limited (BB) Before The Coronavirus
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Yahoo Business
Mar 27, 2020

Abbott wins U.S. approval for test that can detect coronavirus in minutes
Everything from the 5G revolution to the advancement of the American military is dependent on a key metal which is flying under most investors' radar

Yahoo Business
Mar 27, 2020

GM CEO's 16-Month Effort to Repair Trump Ties Shatters in a Day
Yahoo Finance's Alexandra Canal breaks down how the $2 trillion stimulus bill will help aid struggling theater owners as the global box office suffers amid the coronavirus pandemic.

Yahoo Business
Mar 27, 2020

MGM Doesn't Plan to Take U.S. Loans Under Coronavirus Stimulus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

FDA greenlights COVID-19 point-of-care test
The U.S. Food and Drug Administration approved a portable swab test which can provide results for the coronavirus in less than 15 minutes.

Yahoo Business
Mar 27, 2020

Coronavirus stimulus package: Aid and stimulus guide for U.S. individuals and businesses
Yahoo Finance is tracking these federal emergency stimulus measures and how individuals and businesses can apply for assistance.

Yahoo Business
Mar 27, 2020

Edited Transcript of NVAX earnings conference call or presentation 11-Mar-20 8:30pm GMT
Yahoo Finance's Alexandra Canal breaks down how the $2 trillion stimulus bill will help aid struggling theater owners as the global box office suffers amid the coronavirus pandemic.

Yahoo Business
Mar 27, 2020

Southwest Says It's Losing ‘Big Money' on Every Flight
(Bloomberg) -- Southwest Airlines Co. is losing "big money" on every flight, raising the risk of worker furloughs in the longer-term despite billions of dollars in immediate aid from the U.S. government.The biggest U.S. discounter is "appreciative" of the package of loans and cash assistance approved by the Senate and awaiting a vote in the House of Representatives, Chief Executive Officer Gary Kelly said Thursday. If approved and signed by President Donald Trump, the program would provide an option to secure cash "that's at least accessible, and quickly and simply," he said.Airlines have been battered as the spread of coronavirus and related government-imposed travel restrictions have caused demand for flights to collapse. On March 25, security officials at U.S. airports screened just 239,000 passengers, down from 2.2 million a year earlier, according to trade group Airlines for America."The load factors are at levels we've never seen," Kelly said in a video message to employees, referring to the proportion of seats filled on planes. "I can assure you we are losing money on every single flight, and big money. So that can't be sustained indefinitely."Kelly said he's a "firm believer" that in economic catastrophes the federal government must "flood the country with liquidity or cash to give people the means to get through this" and avoid bankruptcies across industries. Airlines are among those hardest hit by the crisis, he said.Passenger airlines are eligible for as much as $25 billion in payroll support under the p

Yahoo Business
Mar 27, 2020

The Cheapest Way For Trump To Save U.S. Oil
The personal finance guru has advice on being smart with your money in the current crisis.

Yahoo Business
Mar 27, 2020

Canadian Crude Is So Cheap It Costs More to Ship Than to Buy
(Bloomberg) -- Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.Western Canadian Select crude in Alberta dropped to a record-low close of $5.06 a barrel on Friday, according to Bloomberg data going back to 2008, cheaper than a Starbucks venti-sized pumpkin spice latte. WCS is composed of bitumen mixed with light condensate so it can flow through pipelines. The bitumen's value was at about $1.42 a barrel. Synthetic crude, produced from oil-sands bitumen that's been run through an upgrader, fell to $9.56 a barrel.Canadian heavy crude now costs less than the price paid by a company with long-term contracts to ship it down Enbridge Inc.'s Mainline and Flanagan South systems to Texas. That's a problem for oil-sands producers like Cenovus Energy Inc., which has commitments to ship 75,000 barrels a day down the system. MEG Energy Corp., another heavy oil producer, has contracts to ship 50,000 barrels a day and has plans to expand to 100,000 barrels a day in the second half of 2020.Enbridge charges between about $7 to a little over $9 a barrel to ship heavy oil to Texas, excluding additional charges such as for power, according to tariff documents. Cenovus declined to comment and MEG didn't return an email for comment.Due to its relative isolation and the limited availability of pipelines for export, Canada's oil patch has been among the first to experience the ful

Yahoo Business
Mar 27, 2020

Coronavirus stimulus cash: What is adjusted gross income?
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Yahoo Business
Mar 27, 2020

Home Depot among best-positioned retailers during Coronavirus, says analyst
On Friday, Loop Capital analysts led by Laura Champine upgraded shares of Home Depot from hold to buy despite decreasing its price target from $240 to $235, on the belief that it will be less impacted than most retailers through Covid-19, based on the simple fact that its stores are expected to remain open. The firm also expects construction projects to continue despite high unemployment nationwide due it being an essential industry.

Yahoo Business
Mar 27, 2020

Charlotte's Web Is Making the Right Moves to Survive the Recession
The best companies make tough moves in difficult times. With the CBD market struggling and the U.S. economy heading into a recession, Charlotte's Web Holdings (CWBHF) made the aggressive move to snap up CBD competitor Abacus Health (ABAHF) for a fraction of their previous valuation. The move makes the new company a clear leader in the fractioned CBD space and a survivor when the economy and stock market rebounds.Acquisition DetailsCWH is paying 0.85 shares for each share of Abacus Health. The deal has the company issuing ~19.2 million shares for around 15% of the company.The new entity had a December 31 cash balance of $90.4 million with combined Q3 sales of $29.1 million. Abacus Health distributes 50 SKUs through ~12,000 unique retail doors and 16,500 healthcare providers for a combined entity with access to 15,000 unique doors. The move helps eliminate competition in around 9,000 of those existing stores.Abacus Health provides the company with more access to the topicals market and healthcare providers to expand their market reach in the promising CBD space. The new CWH has a 34.7% market share in the FDM market and 43.5% in the drug retail space.The company promises the deal is accretive to adjusted EBITDA targets in 2020 and should help the new entity fend of increased competition in the market. The one benefit of the coronavirus shutdown of the economy is the likely elimination of weaker funder competitors in the sector.Deep ValueAnalyst estimates have the new entity generating $1

Yahoo Business
Mar 27, 2020

New Retirement Account Rules in Response to Coronavirus
Yahoo Finance is tracking these federal emergency stimulus measures and how individuals and businesses can apply for assistance.

Yahoo Business
Mar 27, 2020

US STOCKS-Wall Street tumbles as U.S. virus cases pass 100,000
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. U.S. stocks deepened their losses late in the session, even after the House of Representatives approved a $2.2 trillion aid package - the largest in American history - to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies.

Yahoo Business
Mar 27, 2020

Market Recap: Friday, March 27
Stocks fell Friday, with losses accelerating into the close, even after the U.S. House of Representatives passed a much-anticipated $2 trillion economic relief package. By the end of the session, the Dow was off more than 4%, while each of the S&P 500 and Nasdaq shed more than 3%. Still, steep gains made earlier in the week sent the Dow up a total of 12.8% for the week, for its best weekly gain since 1938. The S&P 500 rose 10.3% for its best weekly gain since 2009.

Yahoo Business
Mar 27, 2020

What to know about your potential stimulus deal check
CBIZ MHM's National Tax Office's Bill Smith joins Yahoo Finance Live to discuss the $2 trillion stimulus bill and what the potential implications are for your payment.

Yahoo Business
Mar 27, 2020

Why the coronavirus crisis is different than 2008: Fmr. Treasury Official
Mary Miller, Former Treasury Under Secretary & Candidate for Mayor of Baltimore, joins Yahoo Finance's Seana Smith to discuss what the recent $2 trillion COVID-19 economic stimulus bill means for Americans at the federal, state and local levels.

Yahoo Business
Mar 27, 2020

Johns Hopkins Business Professor on the Lasting Effects of Coronavirus
Author and Johns Hopkins business professor Kathleen Day talks with Yahoo Finance's editor-in-chief Andy Serwer about the long-lasting effects the coronavirus will have on the workforce.

Yahoo Business
Mar 27, 2020

Nike, Lululemon say they learned lessons from coronavirus store closures in China
Nike and Lululemon have seen the bottom in China sales after coronavirus forced them to close stores, and now say they are applying those lessons in the U.S.

Yahoo Business
Mar 27, 2020

Trump faces off with General Motors over ventilators
Yahoo Finance's Sibile Marcellus discusses General Motors' move to produce ventilators with Ventec, after President Trumo tweeted in part "As usual with "this" General Motors, things just never seem to work out."

Yahoo Business
Mar 27, 2020

Here's Why Analysts See Compelling Value in These 3 Stocks
Well, that was an exciting week, wasn't it?Driven by Congress's $2 trillion coronavirus spending bill designed to provide relief from the pandemic's economic impact, the Dow Jones posted its largest one-day climb since 1933, a more than 11% jump to be precise. As for the S&P 500, it recovered from its lowest point since 2016, with it making its biggest one-day move since October 2008. Overall, despite Friday's sell-off, the week ended on an up note, with the S&P 500 gaining 10%.With it remaining unclear if the improved sentiment has pushed the market to an inflection point, investors are relying on the pros for guidance. Using TipRanks database, we've narrowed down three mid- to large-cap stocks, with Buy ratings and over 20% upside potential for the next 12 months. Here are three that fit the profile, with a twist: each has received a rating upgrade recently. Let's take a closer look.Activision Blizzard (ATVI)This Southern California company has long been a major player in the entertainment sector, where it has built a reputation - and a library of products - in the video gaming niche. ATVI owns a series of popular titles, hit game franchises like ‘Call of Duty,' ‘Guitar Hero,' ‘World of Warcraft,' and ‘Candy Crush.' Activision Blizzard is the largest game maker in the US and European markets.There is plenty here for income investors to like. The stock has recovered well from declines in 2H18, and has been on a year-long upward trend, gaining 37% over that time. Downturns, like the most recent we are expe

Yahoo Business
Mar 27, 2020

'Absolute disgrace': Labor unions say exec pay limits in $2T coronavirus bill don't go far enough
A provision in the stimulus package that limits executive pay at companies that receive government assistance has stoked some opposition from pro-worker groups fearful the measure tips too far in favor of big business.

Yahoo Business
Mar 27, 2020

Airlines plot course through turbulent coronavirus crisis with billions from US taxpayers
U.S. airlines prepare to navigate a turbulent future even with billions in aid from U.S. taxpayers.

Yahoo Business
Mar 27, 2020

Blue Apron Fends Off Obscurity in Another 15 Minutes of Fame
(Bloomberg) -- The recent popularity of Blue Apron Holdings Inc.'s mail-order meal kits is giving the struggling company a much-needed boost, but some industry watchers say that will pass once the coronavirus outbreak abates.Blue Apron is attracting new users in part because fresh ingredients can be hard to find in supermarkets right now, said Dan McCarthy, an assistant professor of marketing at Emory University's Goizueta Business School. However, he notes the company was "bleeding customers very consistently" up until recently and that's likely to be the case again once people return to their normal lives."The amount of repeat business they were getting was not enough to sustain their business," McCarthy said in a phone interview. "It's likely delaying the inevitable."Blue Apron declined to comment. McCarthy has been following the meal-kit company since a few months before its June 2017 initial public offering and references it in lectures as a case study.The company gained traction as an early pioneer in the meal-kit market, but the stock suffered an ill-timed IPO and has languished in the years since amid steep competition and customer retention challenges. In February, Blue Apron said that it was evaluating options to rekindle the business, including raising additional capital or selling assets. Then the coronavirus took hold, leading to a spike in demand from Americans trapped at home.Shares of Blue Apron have nearly quadrupled so far in March, even as the demand has sparked some worries about whether

Yahoo Business
Mar 27, 2020

Cruise lines excluded from stimulus package, plunging stocks
Shares of Royal Caribbean, Carnival, and Norwegian Cruise Line were down sharply on Friday, after Congress' coronavirus stimulus package excluded cruise lines from receiving significant aid. Yahoo! Finance Editor-in-Chief Andy Serwer joins The Final Round to discuss how the lack of aid will impact the cruise industry.

Yahoo Business
Mar 27, 2020

Stock market news live: Dow posts best weekly gain since 1938, despite Friday drop
Stocks fell Friday even after the U.S. House of Representatives passed a much-anticipated $2 trillion economic relief package. Earlier Friday morning, a new report showed consumer sentiment tumbled by the most since the financial crisis in March amid the coronavirus outbreak.

Yahoo Business
Mar 27, 2020

Oil Tumbles Towards $20 As Glut Grows
The brief rebound in oil prices was never going to last in the current environment, and as the global crude glut nears historic highs, prices are heading towards $20

Yahoo Business
Mar 27, 2020

Will you get a ‘coronavirus check'? $2 trillion stimulus package explained
Who is eligible for a coronavirus check? Read our explainer to find out.

Yahoo Business
Mar 27, 2020

California Resources Said to Mull Bankruptcy as Debt Mounts
(Bloomberg) -- California Resources Corp. is seriously considering bankruptcy after the troubled oil and gas company's efforts to rework its debt out of court fell short amid a crash in energy prices, according to people with knowledge of the matter.Management is exploring alternatives to address its nearly $5 billion of debt after the Los Angeles-based company pulled a proposed bond exchange due to poor market conditions, said the people, who weren't authorized to comment publicly. California Resources' debt starts maturing next year, and about $74 million of interest is due in June."We have significant operating flexibility and are focusing on controlling what we can control, including reducing our capital program and operating costs," the company said Friday in a statement. "We will continue to consider all options with our advisors as we work through this unprecedented downturn and do not intend to provide updates on on-going discussions."The company's shares plummeted as much as 62% on Friday for the biggest intraday tumble since they began trading in late 2014, before trading was halted.California's biggest oil producer has struggled to manage its debt since its spinoff from Occidental Petroleum Corp. in late 2014, during the early stages of a crash in crude prices. Recently, low cash and tighter state regulations have added to the pressure, with more than 60% of its $1 billion credit facility drawn, according to Bloomberg Intelligence.Further pressure came this month from the impact of crashi

Yahoo Business
Mar 27, 2020

Hedge Funds Were Selling Six Flags Entertainment Corp (SIX) Before The Coronavirus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

Hedge Funds Have Never Been More Bullish On Apple Hospitality REIT Inc (APLE)
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

Are Money Market Funds a Safe Bet in a Recession?
The personal finance guru has advice on being smart with your money in the current crisis.

Yahoo Business
Mar 27, 2020

Stocks break 3-day winning streak as House clears coronavirus relief bill
Despite the House passing a $2T relief bill, markets broke their 3-day winning streak. iQ Capital Managing Partner and CEO Keith Bliss joins joins Seana Smith to discuss.

Yahoo Business
Mar 27, 2020

How $2T coronavirus stimulus bill will help movie theater owners
Yahoo Finance's Alexandra Canal breaks down how the $2 trillion stimulus bill will help aid struggling theater owners as the global box office suffers amid the coronavirus pandemic.

Yahoo Business
Mar 27, 2020

Carnival Seeks Up to $7 Billion Amid Global Travel Halt
(Bloomberg) -- Carnival Corp. is in talks to raise as much as $7 billion as the cruise ship operator seeks to shore up its finances amid a halt on global travel, according to people with knowledge of the matter.The company, looking to raise cash to improve liquidity as the Covid-19 pandemic upends its business, is being advised by lenders including JPMorgan Chase & Co., said the people, who requested anonymity because the matter is private.Carnival is discussing issuing a mix of debt and equity, the people said. Options include issuing $3 billion to $7 billion in senior secured first-lien debt, implying a loan-to-value ratio of about 25%, they said. The company is also weighing issuing $1.5 billion in convertible notes and $1 billion to $2 billion in common equity, one of the people said. The situation remains fluid, they said.Representatives for Carnival and JPMorgan declined to comment.Carnival fell as much as 21% on Friday after a late change to the U.S. stimulus package limited relief for companies not incorporated in the U.S. The largest cruise industry player, Carnival is incorporated in Panama but operates out of Miami.The stock has fallen 71% this year and was trading at $14.66 at 2:41 p.m. in New York, giving it a market value of about $9.6 billion.Carnival said this month it was looking for additional financing after providing notice to borrow about $3 billion under an existing credit facility. It also said it expects to post a loss this fiscal year.(Updates with additional details of financing starting

Yahoo Business
Mar 27, 2020

Hedge Funds Have Never Been This Bullish On Iovance Biotherapeutics, Inc. (IOVA)
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]

Yahoo Business
Mar 27, 2020

Hotels are 'hurting big-time' and many will 'go under,' travel industry expert says
The plight of airlines commands much focus, as their businesses have all but come to a stand-still amid the coronavirus pandemic. But a vast number of the nation's small businesses as well as larger hotel chains are fighting for survival, too.

Yahoo Business
Mar 27, 2020

Bank of America's Race to Avoid Public Shaming Underscores the Perils of the Crisis
(Bloomberg) -- For 93 uncomfortable minutes, Bank of America Corp. rushed to escape infamy this week, before it was saved by the grace of James Corden, the affable talk show host known for crooning in cars with stars.The drama began when California Governor Gavin Newsom called out the bank for not offering 90-day grace periods to mortgage borrowers affected by the coronavirus, despite such pledges by rivals including JPMorgan Chase & Co. and Wells Fargo & Co. A journalist tweeted the lashing, and then Corden reposted it to his 10.7 million followers. The bank raced to correct what it called the governor's mistake.Just over an hour later, the firm promised Corden it would defer payments on home loans for as long as the crisis requires. He relented, putting the internet's fury to rest:Across the nation, bankers are on edge. Publicly, they're emphasizing that unlike the last downturn in 2008 they aren't the cause of this collapse and they intend to help America get through it. Privately, they worry they're destined to get cast as villains.Once the government enacts its $2 trillion rescue package, banks are going to be the last resort for millions of consumers and businesses needing additional support to weather months of hardship. The nation's eight banking titans have enough excess capital to ramp up lending by $1.6 trillion, but even that probably isn't enough to meet everyone's needs.That means bankers will often decide which borrowers get relief from exi

Yahoo Business
Mar 27, 2020

Stock market news live: Stocks fall after 3-day win streak, House clears coronavirus relief bill
Stocks fell Friday morning, giving back some gains after Thursday's session saw each of the S&P 500 and Dow climb more than 6%.

Yahoo Business
Mar 27, 2020

Crowdstrike CEO seeing 'increased need of security as everyone works from home'
CrowdStrike Co-founder and CEO George Kurtz joins Yahoo Finance's Zack Guzman and Brian Cheung to discuss the demands for his cybersecurity technology company, as more Americans are working from home during the coronavirus.

Yahoo Business
Mar 27, 2020

Hedge Funds Were Getting Burned By Chimera Investment Corporation (CIM) Before The Coronavirus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

10 Stocks to Build the Model Post-Dip Portfolio
To the annoyance of some shareholders, Anheuser-Busch InBev (EBR:ABI) shares are down a considerable 37% in the last...

Yahoo Business
Mar 27, 2020

Aurora Cannabis (ACB) Stock Gets a Recession Boost; What's Next?
The global economic shutdown due to the coronavirus was a potential nightmare for Aurora Cannabis (ACB). The Canadian cannabis company is in the middle of cutting capacity and costs for the new reality in the market while trying to avoid running out of cash. A complete shutdown of cannabis stores would've crushed any remaining hope in financial improvements at the business, but the market has seen the opposite effect of the shutdown actually lead to a boost to cannabis sales as consumers stay at home.Booming SalesOn March 17, Canopy Growth (CGC) announced the closure of all 23 of their retail stores in Canada due to the Covid-19 outbreak. Since this point, sales have soared in Canada as consumers have rushed to purchase weed.Several provinces including Ontario and Quebec have deemed cannabis stores as essential while the Ontario Cannabis Store's website had the director of communications confirm sales over the weekend doubled the sales from only two weeks ago. Likewise, Nova Scotia reported cannabis sales spiked 76% last week.Whether due to fears of store closures or adult users staying at home with no work, people have flocked to cannabis stores to ensure supplies to wait out the virus from home. In addition, a supplier like Aurora Cannabis gets the extra benefit of not having Canopy Growth stores open.The one major caveat is that Canadian cannabis sales could yet be impacted as the virus outbreak rolls throughout the country and any lingering impact is unknown.RescueThe sales boost couldn't have come at

Yahoo Business
Mar 27, 2020

Oil traders book more tankers for sea storage as global crude glut builds - sources
Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United States ditched plans to purchase oil for its emergency reserve, shipping sources said on Friday. Shipping sources said the vessels - each of which can carry a maximum of 2 million barrels of oil - were booked for storage options of at least three months to take advantage of a widening contango market structure, when cargoes for short-term delivery are cheaper than those for later delivery. Trader Vitol was among the companies that booked storage options for ships, the sources said.

Yahoo Business
Mar 27, 2020

Apple works with White House to release COVID-19 app
Yahoo Finance's Dan Howley joins the On The Move panel to break down the details of Apple's new COVID-19 app. The tech giant partnered with the CDC and White House to create the app.

Yahoo Business
Mar 27, 2020

'Maximum bearish': funds in record rush to cash in past week
Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at "maximum bearish" could signal a big rally ahead. BofA's weekly fund flows data based on figures from EPFR Global showed a record $234.6 billion had made their way into cash funds in the week to Wednesday while another record of $109 billion was registered in redemptions from bond funds. Equity funds meanwhile shed $26.2 billion, with U.S. share funds down $15.8 billion, the data showed.

Yahoo Business
Mar 27, 2020

U.S. not bailing out airlines, Boeing not using federal money - Treasury Secretary
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic. At the same time, Mnuchin said in an interview with Fox Business Network that plane-maker Boeing Co has not requested government help. "I've been very clear this is not an airline bailout," Mnuchin said.

Yahoo Business
Mar 27, 2020

Novartis CEO Talks Coronavirus Vaccine Progress, Timeline
The world is progressing towards a vaccine for the coronavirus with multiple large-scale and properly controlled studies exploring the efficacy of hydroxychloroquine, Novartis AG (NYSE: NVS) CEO Vas Narasimhan said on CNBC.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Narasimhan said ongoing studies consist of giving doses of hydroxychloroquine to hospitalized patients and other people who may have been exposed to the coronavirus. The trials are moving at a rapid pace, including a Novartis-sponsored study and other investigative trials and "a lot more data" should come out within the following month.Narasimhan said it's already known from pre-clinical studies involving animals so far have shown that hydroxychloroquine is "quite active against the coronavirus." Meanwhile, the drug is currently being used across the world as doctors are vying to give patients "any option they can."Why It's ImportantIt's too early to declare hydroxychloroquine is a proven therapy for coronavirus and this conclusion can't be reached until the properly controlled and randomized studies are completed, he said.Novartis and its rivals are also actively testing existing medicines to see if it can "kill the virus" in people or help boost the immune system that the virus targets, Narasimhan said.What's Next Novartis along with multiple other companies announced Thursday a new partnership with the Gates Foundation in which Narasimhan will serve as co-c

Yahoo Business
Mar 27, 2020

Here's Why We're Watching Corsurex Resource's (CSE:CRC) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Yahoo Business
Mar 27, 2020

‘Rocks Don't Go Bankrupt:' Experts Say Shale Will Rise Again
(Bloomberg) -- The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed the U.S. to the top spot among oil-producing countries. A handful of experts is saying that will happen again.The comeback trail would be steep and long. The spread of coronavirus is crushing demand while Saudi Arabia and Russia are creating a glut. Everybody agrees U.S. production will take a bigger hit than last time, when it dipped before soaring. As many as 70% of the 6,000 shale drillers may go bankrupt, and one-third of shale-patch workers are expected to lose their jobs. Wall Street, which financed the last boom, has cut off the cash spigot.But some experts are saying the future, however far off, will be better. They're looking past the dire forecasts and vertical chart lines and cautioning against despair. They're echoing a widespread view that's mostly unspoken during the market meltdown: Yes, America can shock the world again. The boom-and-bust cycle will shift, and shale is in a position, with its infrastructure, its ability to ramp-up quickly and its plentiful reserves, to rise from the ashes stronger than ever.When the dust settles in the Permian Basin and other American shale fields, the survivors will be leaner and more tech savvy, according to Daniel Yergin, a Pulitzer Prize-winning oil historian and vice chairman of IHS Markit Ltd. That means lower production costs and a greater ability to respond to the next price rebound with the last thing Moscow an

Yahoo Business
Mar 27, 2020

Google, Oracle and Trump Put on Supreme Court Hold By Virus
(Bloomberg) -- The coronavirus pandemic has put on indefinite hold a major portion of the U.S. Supreme Court's docket, including a multibillion-dollar clash between software giants Google and Oracle Corp. and cases that could affect President Donald Trump's re-election chances.What was supposed to have been a drama-filled spring at the high court has instead become a season of waiting, especially for the lawyers and litigants in 20 arguments that had been scheduled for March and April. The court has postponed 11 of those cases and could do the same soon for the remaining nine.The cases include fights over congressional and grand jury subpoenas for Trump's financial records -- clashes that need to be resolved in the court's current term to give the president's critics any chance of seeing the documents before the November election. Also on hold is a clash over the Electoral College for presidential elections and an $8 billion copyright dispute between Alphabet Inc.'s Google and Oracle.It's not clear whether the justices are still hoping to resolve those cases in their current term, possibly by forgoing argument or by breaking tradition and hearing arguments by phone or online. Lawyers say they've received no guidance from the court on the subject, though briefing deadlines are still in force. The term normally ends in late June, although that time frame is now in doubt as well.‘Just Waiting'"As far as oral arguments go, we're just waiting upon the court," said Jay Sekulow, the lead lawyer for Trump in the p

Yahoo Business
Mar 27, 2020

Stocks slide snapping 3-day win streak
Yahoo Finance's Jared Blikre joins the On The Move panel to break down the latest market action.

Yahoo Business
Mar 27, 2020

Trump blasts GM, Ford over ventilators; could order action
WASHINGTON/DETROIT (Reuters) - U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster. GM and Ford separately announced this week that they are working with companies to help boost ventilator production. Many Democrats including New York Governor Andrew Cuomo have urged Trump to invoke the act, which grants the president the power to expand industrial production of key materials or products for national security and other reasons.

Yahoo Business
Mar 27, 2020

Coronavirus stimulus package: What Congress unleashing fiscal firehose means for U.S. economy
Congress unleashed "the fiscal firehose."

Yahoo Business
Mar 27, 2020

3 U.S. Cannabis Stocks Riding Positive State Trends; Analysts Say ‘Buy'
The market is very focused on the negative ramifications of the global economic shutdown from the coronavirus outbreak. The cannabis sector will be hit as hard as any sector if retail stores are closed in certain, but some states such as California have already identified medical cannabis as essential.The U.S. cannabis sector could be hit harder with all of the companies in growth mode while facing liquidity issues. The sector remains trapped outside the traditional financing avenues due to government regulations with cannabis being illegal at the federal level.Despite all of these headwinds, the U.S. cannabis market saw several states generate substantial growth in the last few months and quarters. U.S. multi-state operators (MSOs) positioned in the right states are riding waves of substantial growth due to either the legalization of medical cannabis in Pennsylvania, recreational cannabis in Illinois or the ongoing ramp of medical in Florida.Pennsylvania is estimated to have grown Q4 revenues 50% sequentially to $130 million with additional growth in January to reach an annual run rate of $515 million. Illinois sales are expected to more than double in Q1 after the start of recreational cannabis sales on January 1. The state saw impressive medical sales of $79 million in Q4 alone and analysts estimate the market top $2 billion in annual sales.Even Florida sales are booming. The MSOs working in these states will benefit from the addition of recreational sales. Remember that MSOs haven't even repo

Yahoo Business
Mar 27, 2020

Saudis Hold Firm on No Talks With Russia On Oil Output Cuts
(Bloomberg) -- Trading in Zoom Technologies Inc. (ticker: ZOOM) was suspended by the U.S. Securities and Exchange Commission Thursday through April 8 after the stock climbed in recent weeks amid confusion with Zoom Video Communications Inc. (ticker: ZM), the popular virtual-meeting company.The similar names had caused confusion, leading some investors to purchase shares in the wrong company, while San Jose, California-based Zoom Video has been attracting users during the coronavirus pandemic. Shares of the now-halted Zoom Technologies more than tripled over the past five weeks, while Zoom Video rose more than 30% during the same period.According to the SEC, the suspended "ZOOM is a Delaware corporation that reported in 2014 having its principal executive offices in Beijing, China. Unsolicited customer quotations for its common stock are quoted by broker-dealers on OTC Link operated by OTC Markets Group, Inc."Before the halt, Zoom Technologies had a market value of $31.3 million, compared with about $40 billion for Zoom Video, data compiled by Bloomberg show.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Yahoo Business
Mar 27, 2020

Hedge Funds Have Never Been More Bullish On MFA Financial, Inc. (MFA)
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Yahoo Business
Mar 27, 2020

Oil plunges after Saudi Arabia, Russia talks stall
Zoom Technologies shares were suspended through April 8th, after the stock was confused with Zoom Video. Yahoo Finance's Julie Hyman breaks down the news.

Yahoo Business
Mar 27, 2020

Here's 'the problem' with the IRS coronavirus tax filing extension, one expert says
As the coronavirus escalates across the United States, businesses and individuals are concerned with how this will affect their taxes, despite the deadline being extended to July 15.

Yahoo Business
Mar 27, 2020

Rosenblatt Discusses RingCentral's Potential Video Product Launch And Its Impact On Zoom Video
Zoom Video Communications Inc (NASDAQ: ZM) has been one of the biggest market winners from the coronavirus-driven surge in employees working from home around the world.However, one analyst says RingCentral Inc (NYSE: RNG) is also getting a COVID-19 boost, and is anticipating an imminent product launch that will replace Zoom within the RingCentral customer base.The Analyst Rosenblatt Securities analyst Ryan Koontz reiterated his Buy rating and $245 price target for RingCentral.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.The Thesis Koontz believes RingCentral will launch its own video product called RCMeeting within the next week."We expect that in the very near term RCMeeting will not only begin to be sold in RingCentral Office (RCO) bundles across most US segments, but it will also begin to replace the installed base of ZM at RNG customers," Koontz wrote in a note.He said RCMeeting will also eliminate the limit on simultaneous video conference participants that was part of the previous Zoom license.Koontz said his research suggests RingCentral's business has been booming across all segments since the U.S. COVID-19 outbreak began. He said this strong demand will likely continue throughout the second quarter as well.While the outbreak may be temporary in nature, Koontz said RingCentral will likely benefit from customers being forced to wor

Yahoo Business
Mar 27, 2020

Gold Forecast - The Real Bottom Should Come in May
I'm very bullish on gold long-term and believe prices are going much, much higher. But in the meantime, I think we need to be careful.

Yahoo Business
Mar 27, 2020

Struggling Americans Can Tap 401Ks With Coronavirus Bill
(Bloomberg) -- Lawmakers in Washington are making it easier for Americans struggling with the fallout from the coronavirus to draw on the trillions of dollars in their 401(k)s and other retirement accounts.For a limited time, Americans would be able to withdraw money from tax-deferred accounts without penalties under a stimulus package approved by the Senate and awaiting a vote in the House. Rules on 401(k) loans would also be relaxed, and some retirees would avoid so-called required minimum distribution, or RMD, rules that might have been onerous.Read more: House faces urgency to act on Senate's $2 trillion virus rescue billSome of the changes mirror what's been done for retirement savers after previous disasters. In general, though, the adjustments are "much more significant than what was done for the California wildfires or the hurricane in Houston," said Gregg Levinson, senior director, retirement, at Willis Towers Watson.That's needed because "with Covid-19, we are in uncharted territory," said Will Hansen, chief government affairs officer for the American Retirement Association. "With 3.3 million people filing for unemployment last week, I think we'll see a lot more usage of these provisions."Loose RulesOne provision in the bill would let investors of any age take as much as $100,000 from retirement accounts this year without paying an early withdrawal penalty. They also could avoid taxes on the withdrawal if the money is put back in the account within three years. If it can't be returned, taxes c

Yahoo Business
Mar 27, 2020

AMD and Nvidia Make Wedbush's List of Best Ideas
Opinions can heat up as fast as an overloaded GPU processor, when the conversation among gaming enthusiasts turns to their favorite GPU manufacturer. AMD and Nvidia are the two dominant forces in the field, and each boasts legions of fans.While hardly any companies have been immune to the destructive effect of coronavirus, the two chipmakers have withstood the macro storm relatively well. As Wall Street analysts make adjustments to fit the new coronavirus driven paradigm, these market leaders have caught Wall Street's attention.Investment firm Wedbush just added both AMD and Nvidia to its "Best Ideas List." The list - which comprises 29 stocks - highlights the firm's highest rated equities, chosen by its analysts, and vetted by its Investment Committee.We ran the two through TipRanks database to further gauge the Street's sentiment towards the GPU giants. It appears, that in addition to Wedbush's call, both are Buy-rated and are poised to offer investors returns of at least 10% in the next 12 months. Let's take a closer look.Advanced Micro Devices (AMD)Considering AMD was last year's star performer, adding an extraordinary 156% to the share price over the year, you might've expected a sharp downturn in the recent demolition of the market. But true to form, the chip giant has given little back to Mr. Market, and in the current climate its year-to-date loss of only 3%, displays investors' confidence in AMD's strength.Wedbush's Matt Bryson agrees. The analyst keeps his Outperform rating on AMD intact, along with a $57 price target. Expect th

Yahoo Business
Mar 27, 2020

Hedge Funds Have Never Been This Bullish On CRISPR Therapeutics AG (CRSP)
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

Hedge Funds Were Getting Burned By SmileDirectClub, Inc. (SDC) Before The Coronavirus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Yahoo Business
Mar 27, 2020

Saudis Hold Firm With No Talks With Russia on Oil Output Cut
UnitedHealth Group Chief Scientific Officer Ken Ehlert joins Yahoo Finance's Anjalee Khemlani and Seana Smith to discuss the new testing kit that will enable patients to test themselves for the virus at home.

Yahoo Business
Mar 27, 2020

Hedge Funds Got Out Of Park Hotels & Resorts Inc. (PK) At The Right Time
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Yahoo Business
Mar 27, 2020

Markets slide after 3-day rally
Tom Stringfellow, President and CIO of Frost Investment Advisors, joins Yahoo Finance's Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the coronavirus is impacting the markets.

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