Euro Pacific Capital CEO Peter Schiff, Sarge986 president Stephen Guilfoyle and Equity Armor Investments’ Luke Rahbari discuss investing amid continued coronavirus concerns. As the deadly coronavirus outbreak rattles global financial markets and casts a shadow over the world’s economic outlook, traders are increasingly betting on Federal Reserve policymakers cutting interest […]
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Texas AG says Juul marketing probe is ‘wide open’
Texas Attorney General Ken Paxton discusses his state’s coronavirus preparedness, launching a bipartisan, multistate investigation into Juul and Trump withholding funds from sanctuary states. Juul is facing a multistate investigation over its marketing strategy. Continue Reading Below Texas Attorney General Ken Paxton is leading a bilateral 39-state probe into Juul’s […]
Wayfair hunts profits after copying Amazon’s growth model
The online furniture company tries to curb costs as it works toward profitability. For nearly two decades online home-goods seller Wayfair Inc. has grown quickly by burning through profits. Continue Reading Below Now the e-commerce company is trying to show investors it can moderate its losses as revenue growth slows […]
Dow’s 1,000-point drop shoves stocks toward worst week since financial crisis
Guggenheim Partners co-founder Scott Minerd says the Fed will wait until the market drops 20% to adjust rates. Stocks plummeted Friday as worries over the fast-spreading coronavirus extended a global selloff that has U.S. equity markets on track for their steepest weekly decline since the 2008 global financial crisis. Continue Reading […]
Spirit AeroSystems profit misses on loss tied to Boeing 787
Fox Business Briefs: Boeing says it plans to stockpile more 737 Max parts than in the past to guarantee order flow for suppliers. Boeing supplier Spirit AeroSystems reported a lower-than-expected quarterly profit, as it booked a loss related to the 787 Dreamliner program, and said it would not provide a […]
Coronavirus will force Fed rate cut: El-Erian
Allianz Chief Economic Adviser Mohamed El-Erian discusses the impact of coronavirus on markets and what options are available to the Fed. The fast-spreading coronavirus will spur an interest-rate cut by the Federal Reserve, Mohamed El-Erian predicts. Continue Reading Below The best-case scenario would be a coordinated action from central banks around […]
Coronavirus and China – Do country’s leaders care more about containing democracy or the virus?
South China Morning Post executive Chung-Yan Chow argues things look to be moving in a positive direction in China with regard to coronavirus and most cases of the disease are confined to Wuhan, but the virus has had a significant impact on the Chinese economy. Hong Kong police arrested several […]
Foot Locker stomped by weaker holiday demand
Sneaker designer and reviewer Seth Fowler says Nike’s newly released auto-lacing basketball shoes cost $400 due to the advanced technology inside them. Foot Locker Inc. said its profit fell along with revenue for the fourth quarter as it faced softer demand during the holiday season. Continue Reading Below The sporting-goods retailer […]
Coronavirus crisis – Hospitals need to do these 4 things now to prepare for a pandemic
System-wide Special Pathogens Program Dr. Syra Madad says New York has protocols and supplies to combat a possible coronavirus outbreak. We are now two months into the novel coronavirus outbreak with over 82,000 cases reported in over 47 countries. With no end in sight, this epidemic is likely past the […]
Walmart has plans to compete with Amazon Prime
Walmart plans to roll out their new grocery subscription service to more than half of the country by the end of 2019. Walmart has been quietly working on developing its own paid membership program to go up against Amazon Prime, Continue Reading Below The program would reportedly have perks that […]