Strategic Resource Group Managing Director Burt Flickinger discusses the state of retail as coronavirus concerns continue. Lululemon Athletica is relying on China as the company keeps its U.S. and Europe stores closed due to the coronavirus. Continue Reading Below The company has reopened all but one store in China, after closing […]
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G20 leaders to inject $5 trillion into global economy to fight coronavirus
U.S. Army Lt. Col. James Carafano (ret.) talks about the propaganda war China is waging against the United States over where coronavirus started and how Washington needs to remain bipartisan while combating the virus in America. RIYADH (Reuters) – Leaders of the Group of 20 major economies pledged on Thursday […]
Coronavirus won’t stop DraftKings from going public: CEO Jason Robins
DraftKings founder and CEO Jason Robins says since his company is digital, it’s given him an opportunity to gain leverage in the sports betting industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Sports betting firm DraftKings plans to […]
Coronavirus ‘war mode’ pushes Fed balance past $5 trillion for first time
President Trump commends Federal Reserve Chairman Jerome Powell for his positive actions during the coronavirus outbreak. (Reuters) – The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other […]
Big cruise-ship lines wouldn’t qualify for aid under stimulus package
Royal Caribbean and Celebrity Cruises will extend suspensions until May. FOX Business’ Lauren Simonetti with more. WASHINGTON — The major cruise-ship operators wouldn’t qualify for aid under the roughly $2 trillion coronavirus stimulus package headed for a House vote Friday, despite being one of the hard-hit industries President Trump has […]
Coronavirus corporate crisis bailouts are cash cow for insider trading: Study
Former federal prosecutor Doug Burns weighs in on whether the allegations that some senators sold off stocks by using private information not available to the product are actually insider trading. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below […]
Coronavirus relief may help gold miners strike mother lode
High Ridge Futures director of metals trading Dave Meger discusses the rise in gold investment amid coronavirus fears. Gold mining shares have been left out of the rally that has lifted the precious metal this year, but that may be about to change. Continue Reading Below The VanEck Vectors Gold […]
Which oil stocks are best positioned when crude rebounds from crash?
Continental Resources Executive Chairman Harold Hamm assesses tumbling oil prices as two major producers face off. The battered S&P 500 Energy Sector has raced into bull-market territory despite crude oil prices treading near 18-year lows. Continue Reading Below The sector gained 22.27 percent in the five days through Wednesday, making […]
Oil prices sink as crippled demand outweighs stimulus hopes
Continental Resources Executive Chairman Harold Hamm on the oil price war. Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve. […]
Stocks surge higher after unemployment claims post record surge
Last week’s jobless claims hit a record-breaking 3.28 million. FOX Business’ Lauren Simonetti with more. U.S. equity markets clambered higher Thursday as investors digested record jobless claims and waited for the House to vote on a $2 trillion relief package. Continue Reading Below First-time unemployment filings surged to a record […]