Billionaire investor Bill Ackman said highly levered companies will have a hard time surviving as the country struggles to reopen fully.
Schlagwort-Archiv: Financial
Best Buy sales get an online boost, sending shares higher
Best Buy said its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances.
Analysts warn of ‚double edged sword‘ in China market rally as investors indulge in frenzied, risky trading
China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging in leverage-fueled risky trading which caused a spectacular crash back in 2015.
Bill Ackman and Tontine Holdings rewrite the terms for SPACs
We believe this is a tremendous opportunity for several reasons, activist shareholder Ken Squire says.
Snap net loss balloons from year ago, revenue up 17%
Snap’s stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.
Snap warns Q3 advertising could be hurt by pandemic impact on sports, movies, back-to-school
Snap warned that the uncertainty around events like the back-to-school season and the operations of sports leagues in the third quarter could impact advertising demand.
United Airlines loses $1.6 billion in second quarter but expects to further lower cash burn
United and other airlines are scrambling to cut costs as demand for air travel remains depressed in the coronavirus pandemic.
Robinhood scraps launch of its investing app in the UK
Robinhood has told U.K. customers that it will refocus its efforts on strengthening core business in the U.S.
Stocks making the biggest moves in the premarket: Coca-Cola, Tapestry, Lockheed Martin & more
The stocks making the biggest moves in premarket trading include Coca-Cola, Tapestry, Lockheed Martin, and more.
Cramer says he can’t recall a ’self-inflicted‘ disaster in America ever as bad as the coronavirus
CNBC’s Jim Cramer said Monday that the U.S. response to the coronavirus pales in comparison to how nations such as Japan and South Korea have handled it.