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Local newspapers are facing their own coronavirus crisis
Media news icon
| April 3rd | 2020  5:15AM
Local newspapers are facing their own coronavirus crisis
NEW YORK (AP) — Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge. Readers desperate for information are more reliant than ever on local media as the coronavirus spreads across the U.S. They want to know about cases in their area, where testing centers are, what the economic impact is.
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Global stocks lower on US job losses, pricier oil
Global stocks lower on US job losses, pricier oil
| April 3rd | 2020  4:56AM
Global stocks lower on US job losses, pricier oil
BEIJING (AP) — Global stock markets declined Friday after soaring U.S. job losses tempered enthusiasm about a possible deal to stabilize oil prices amid anxiety over the global economic decline due to the coronavirus pandemic. London and Frankfurt opened lower while Shanghai, Hong Kong and Sydney retreated. Tokyo closed little-changed…
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The Latest: Russian police detain activists delivering gear
The Latest: Russian police detain activists delivering gear
| April 3rd | 2020  4:08AM
The Latest: Russian police detain activists delivering gear
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Virus death toll and unemployment surge in Europe and U.S. …
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Outbreak's global cost may top $4T; auto insurers get break
Scott Dunn
| April 3rd | 2020  4:05AM
Outbreak's global cost may top $4T; auto insurers get break
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ CRASH COSTS CRASHING: One of France’s largest auto insurers says costs are crashing as tens of millions of drivers stay home in coronavirus shutdowns.
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The Latest: Prince Charles to officially open new hospital
Corporate news news icon
| April 3rd | 2020  3:39AM
The Latest: Prince Charles to officially open new hospital
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Virus death toll and unemployment surge in Europe and U.S. …
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The Latest: Actors get virus; theatergoers may quarantine
Economy news icon
| April 3rd | 2020  3:22AM
The Latest: Actors get virus; theatergoers may quarantine
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Virus death toll and unemployment surge in Europe and U.S. …
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Virus deaths, unemployment accelerating across Europe, US
Virus deaths, unemployment accelerating across Europe, US
| April 3rd | 2020  2:41AM
Virus deaths, unemployment accelerating across Europe, US
NEW YORK (AP) — Coronavirus deaths mounted with alarming speed in Spain, Italy and New York, the most lethal hot spot in the United States, while the outbreak has thrown 10 million Americans out of work in just two weeks and by Friday had sickened more than a million people. The public health crisis deepened in New York City, where one…
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The Latest: France warding off shortages of essential drugs
Economy news icon
| April 3rd | 2020  2:36AM
The Latest: France warding off shortages of essential drugs
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — France “fighting hour by hour” to ward off shortages of essential drugs …
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Asian stocks tumble after Wall Street rises on pricier oil
Leading economic indicators news icon
| April 3rd | 2020  1:56AM
Asian stocks tumble after Wall Street rises on pricier oil
BEIJING (AP) — Asian stock markets tumbled Friday after soaring U.S. job losses tempered enthusiasm about a possible deal to stabilize oil prices amid anxiety over the global economic decline due to the coronavirus pandemic. Benchmarks in Shanghai, Tokyo and Hong Kong all retreated. Australia's main index fell 2.3%. Some…
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Chinese struggle to return to work as virus controls ease
Chinese struggle to return to work as virus controls ease
| April 3rd | 2020  1:56AM
Chinese struggle to return to work as virus controls ease
WUHAN, China (AP) — After two months in locked-down Wuhan, Wei Lei was eager to get back to work on a railway construction site. Instead, the 22-year-old found himself stranded at an expressway toll plaza where police decided who was allowed in and out of the city where the coronavirus pandemic started. The authorities wanted a letter…
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The Latest: Bank says virus could cost world $4.1 trillion
The Latest: Bank says virus could cost world $4.1 trillion
| April 3rd | 2020  1:45AM
The Latest: Bank says virus could cost world $4.1 trillion
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Asian Development Bank forecasts pandemic will cost world economy as much…
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The Latest: South Korea says over 27,000 self-quarantined
Industrial products and services news icon
| April 3rd | 2020  12:03AM
The Latest: South Korea says over 27,000 self-quarantined
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — South Korea says more than 27,000 people are under self-quarantine …
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Jobs report Friday is expected to end record hiring streak
Jobs report Friday is expected to end record hiring streak
| April 3rd | 2020  12:01AM
Jobs report Friday is expected to end record hiring streak
WASHINGTON (AP) — After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus. Economists have forecast that the government will say employers shed about 150,000 jobs and that the unemployment rate rose from a half-century low of 3.5% to 3.9%, according to FactSet.
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Bank expect deluge of desperate businesses seeking loans
Bank expect deluge of desperate businesses seeking loans
| April 3rd | 2020  12:01AM
Bank expect deluge of desperate businesses seeking loans
NEW YORK (AP) — Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare for the deluge. Small businesses will be seeking loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic.
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Asian stocks mixed after Wall Street rises on pricier oil
Asian stocks mixed after Wall Street rises on pricier oil
| April 2nd | 2020  11:53PM
Asian stocks mixed after Wall Street rises on pricier oil
BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. Tokyo and Seoul rose while Shanghai, Hong Kong and Sydney retreated. Oil prices gave up some of the previous day's gains. U.S.
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Planet Fitness (PLNT) Reaching Buy Levels
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| April 2nd | 2020  1:00AM
Planet Fitness (PLNT) Reaching Buy Levels
Fitness center operator Planet Fitness (NASDAQ: PLNT)  shares reached all-time highs at $88.77 on Feb. 19, 2020, just before global financial markets got blindsided by the coronavirus black swan. The S&P 500 (NYSEARCA: SPY)collapsed (-35%) in just under a month underscoring the fastest transition to a  bear market in history. Planet Fitness…
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Wendy's Flips to A Buy
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| April 2nd | 2020  1:00AM
Wendy's Flips to A Buy
In 2007, after a decade-long 600% rally, shares of Wendy’s (NASDAQ: WEN) began a fast and furious 90% selloff. In less than two years, they were back trading at 1992 levels and things were looking grim for the queen of the square burger. They were able to steady the ship however and in early 2013 they again started off on a 500% run that lasted…
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The Bottom Is In For Utility Stocks
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| April 2nd | 2020  1:00AM
The Bottom Is In For Utility Stocks
Utility Was Not Immune To Viral Selling One of the things that made this correction so scary was that traditional safe-haven assets were not immune. While the S&P 500 (SPY) sank upwards of 30% stocks in the real estate, consumer staples, and utility sectors fell right along with it. Why did the market sell-off? Because of the impact of the coronavirus on the economy.
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Macy's (M) In Peril: Will the S&P 500 See Retailers, Energy Stocks Dumped?
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| April 2nd | 2020  1:00AM
Macy's (M) In Peril: Will the S&P 500 See Retailers, Energy Stocks Dumped?
It's been a terrible few months for Macy's (NYSE: M). Sure, the stock had a decent holiday turnout, and things were looking reasonably bright going into one of the normally slowest shopping periods of the year, the post-Christmas slump. But along came a little homewrecker known as COVID-19, and that sent things spiraling out of control all over. Retail stocks especially took it on the chin, and Macy's was no exception.
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