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German authorities say man with virus in critical condition
| February 26th, 2020  4:16 AM
German authorities say man with virus in critical condition
BERLIN (AP) — Authorities in western Germany said Wednesday that a man who contracted COVID-19 is in critical condition and has been taken to a specialist hospital in Duesseldorf, as the country's main airline announced measures to prepare for the economic fallout of the outbreak. The health ministry of North Rhine-Westphalia state said…
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German authorities say man with virus in critical condition
German authorities say man with virus in critical condition
| February 26th | 2020  4:16AM
German authorities say man with virus in critical condition
BERLIN (AP) — Authorities in western Germany said Wednesday that a man who contracted COVID-19 is in critical condition and has been taken to a specialist hospital in Duesseldorf, as the country's main airline announced measures to prepare for the economic fallout of the outbreak. The health ministry of North Rhine-Westphalia state said…
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Global shares slide on fear virus' spread may be unstoppable
Global shares slide on fear virus' spread may be unstoppable
| February 26th | 2020  3:52AM
Global shares slide on fear virus' spread may be unstoppable
TOKYO (AP) — Global shares fell Wednesday on growing fears that a new virus' spread may be unstoppable, hurting global growth considerably. France's CAC 40 lost 0.6% to 5,644.47 in early trading, while Germany's DAX fell 1% to 12,661.83. Britain's FTSE 100 lost 0.6% to 6,976.95. U.S. shares appeared set to recoup recent losses with Dow futures up 0.3% at 27,205.
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Asian shares slide on fears virus' spread may be unstoppable
Economy news icon
| February 26th | 2020  2:13AM
Asian shares slide on fears virus' spread may be unstoppable
TOKYO (AP) — Asian sharesfell Wednesday on growing fears the virus' spread may be unstoppable, hurting global growth considerably. Japan's benchmark Nikkei 225 declined0.8% to finish at 22,426.19, while Australia's S&P/ASX 200 dipped2.3% to 6,708.10.South Korea's Kospi lost1.0% to 2,076.77. Hong Kong's Hang Seng declined0.8% to 26,674.67.
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Reports: Panasonic, Tesla to scrap solar panels partnership
Reports: Panasonic, Tesla to scrap solar panels partnership
| February 26th | 2020  2:03AM
Reports: Panasonic, Tesla to scrap solar panels partnership
TOKYO (AP) — Japanese electronics maker Panasonic declined to comment on reports Wednesday that it is planning to end its partnership with Tesla to produce solar panels at a factory in New York state. The Japanese business daily Nikkei and other media reported, citing unnamed sources, that Panasonic is preparing to withdraw from the solar cell partnership, though it would continue making batteries for Tesla's electric vehicles.
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Generic drugmakers sold most opioids during overdose crisis
Generic drugmakers sold most opioids during overdose crisis
| February 26th | 2020  1:07AM
Generic drugmakers sold most opioids during overdose crisis
Mallinckrodt Pharmaceuticals doled out lavish perks for top U.S. employees who hit or beat sales goals for prescription opioids and other drugs: six-figure bonuses and a chance to snag a coveted “President's Club” award, which could mean vacations to Hawaii, the Caribbean or Mexico. The company placed that same staff in charge of reporting…
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California wildfire victims fear they'll be last in payout
California wildfire victims fear they'll be last in payout
| February 26th | 2020  1:05AM
California wildfire victims fear they'll be last in payout
SAN FRANCISCO (AP) — A $13.5 billion settlement between victims of California's catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, resentment, suspicion and despair as the victims, government agencies,…
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Hong Kong plans handouts, tax cuts to counter economic woes
Paul Chan
| February 26th | 2020  12:24AM
Hong Kong plans handouts, tax cuts to counter economic woes
HONG KONG (AP) — Hong Kong's government is proposing a nearly $1,300 cash handout for each resident over 18 years old to help alleviate hardships brought on by the spreading viral outbreak and prolonged political protests. The subsidy was among a slew of emergency measures in a budget presented to the city's legislature Wednesday by Financial Secretary Paul Chan.
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Asian shares slide on fears virus will stunt global economy
Industrial products and services news icon
| February 25th | 2020  10:54PM
Asian shares slide on fears virus will stunt global economy
TOKYO (AP) — Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy. Japan's benchmark Nikkei 225 declined 1.1% to 22,357.39, while Australia's S&P/ASX 200 dipped 2.1% to 6,720.70. South Korea's Kospi lost 1.1% at 2,080.46. Hong Kong's Hang Seng declined 0.6% to 26,722.29.
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China struggles to revive manufacturing amid virus outbreak
China struggles to revive manufacturing amid virus outbreak
| February 25th | 2020  10:53PM
China struggles to revive manufacturing amid virus outbreak
BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy. But even with the ruling Communist Party promising help, companies and economists say it may be months before production is back to normal. The problem is supply chains — the thousands of companies that provide components, from auto parts to zippers to microchips.
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Trump, US officials send mixed messages on virus risk here
Trump, US officials send mixed messages on virus risk here
| February 25th | 2020  8:07PM
Trump, US officials send mixed messages on virus risk here
WASHINGTON (AP) — President Donald Trump and his chief economic adviser said Tuesday that the new coronavirus is under control in the U.S., even as the government's top disease fighters warned Americans to prepare for an outbreak here. The mixed messages came as the stock market tumbled for a second straight day and lawmakers of both…
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PG&E CEO blames past management for problems, promises fixes
Bill Johnson
| February 25th | 2020  7:59PM
PG&E CEO blames past management for problems, promises fixes
SAN FRANCISCO (AP) — PG&E Corp. CEO Bill Johnson blamed negligence by the company's past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade California regulators Tuesday that he is steering the utility to make safety its top priority. Johnson, who was brought in to lead the company 10 months…
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Trading Blueprint for Papa John’s Int’l (PZZA) Stock
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| February 25th | 2020  1:00AM
Trading Blueprint for Papa John’s Int’l (PZZA) Stock
Pizza delivery restaurant chain Papa John’s International (NASDAQ: PZZA) shares have been recovering since bottoming out in the 38s during the racism scandal with its founder John Schnatter in 2018. NBA Hall of Famer Shaquille O’Neal was brought onboard as the company’s brand ambassador and spokesman joining its board of directors and buying into nine Atlantic-based franchise locations in March 2019.
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Trading Blueprint for 3-D Systems (DDD) Stock
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| February 25th | 2020  1:00AM
Trading Blueprint for 3-D Systems (DDD) Stock
Shares of three-dimensional printing products and services provider 3D Systems Corporation (NYSE: DDD) have been languishing as the company attempts to stage a turnaround after three-years of restructuring efforts. Three-dimensional printing is yet another cautionary example of the Gartner Hype Cycle as DDD shares peaked at 97.28 in January 2014 only to plunge to lows of 6.47 in August 2019 as the hype wore off as momentum vanished.
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Trading Blueprint for Teladoc (TDOC) Stock
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| February 25th | 2020  1:00AM
Trading Blueprint for Teladoc (TDOC) Stock
Teladoc Health (NASDAQ: TDOC) provides telemedicine services to over 12,000 clients including over 300 health systems accessing 27 million patients in over 130 countries worldwide. They cover over 450 medical specialties from urgent care to second opinion services connecting medical professionals with patients with frictionless video virtual appointments through mobile or desktop apps providing access and convenience in a cost-effective manner.
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Reasons to Avoid Looking at Your P&L During a Trade
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| February 25th | 2020  1:00AM
Reasons to Avoid Looking at Your P&L During a Trade
There’s nothing like entering a trade with confidence and watching your account value go up in real-time. Unfortunately, for many traders, looking at their live P&L, also known as “Profit and Loss”, can be an issue that derails their trading progress. This is particularly true for day traders that are actively moving in and out of positions during market hours.
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5G Buying Opportunity Appears in NXP Semiconductors
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| February 25th | 2020  1:00AM
5G Buying Opportunity Appears in NXP Semiconductors
As most stocks across the market took a hammering on Monday in the face of growing concerns about the coronavirus epidemic, the astute investor would have picked up on the buying opportunity emerging in the shares of NXP Semiconductors (NASDAQ: NXPI). In recent years the company has made a concerted effort to pivot towards the 5G market and its efforts are clearly yielding results.
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Cracker Barrel Guides Higher But Traders Are Cautious
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| February 25th | 2020  1:00AM
Cracker Barrel Guides Higher But Traders Are Cautious
Cracker Barrel A Near Flawless Report I first became interested in Cracker Barrel (CBRL) in the spring of 2019. My reasons included its revenue/EPS growth outlook, its dividend, the outlook for dividend growth, and its exposure to China (doesn’t have one), and the strength of the U.S. labor market/consumer. The company just released its 2nd quarter…
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Why is There No Halo Effect for Amarin Stock?
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| February 25th | 2020  1:00AM
Why is There No Halo Effect for Amarin Stock?
When a drug gets FDA approval for an expanded label, the company stock typically enjoys a “halo effect”. This is a period where the stock runs up on positive publicity. Investors may have expected Amarin (NASDAQ:AMRN) stock to get the benefit of a halo effect after its drug, Vascepa, received FDA approval for an expanded label. But no such bounce has occurred.
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Last Minute Shoppers Give Macy's (M) an Edge in Fourth Quarter Earnings
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| February 25th | 2020  1:00AM
Last Minute Shoppers Give Macy's (M) an Edge in Fourth Quarter Earnings
It wasn't looking good for Macy's (NYSE: M) for a while there, like it wasn't looking good for pretty much any store that has its primary retail connection to a shopping mall. However, word emerged about Macy's fourth-quarter earnings that gave the company a bit of a boost, as it revealed it had a friend in the procrastinator that gave the company's…
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