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Transportation 2020-07-29T12:11:45Z
2020 Chevrolet Silverado

GM beats Wall Street expectations for Q2 earnings even as coronavirus hits revenue hard

The carmaker said that vehicle sales in the quarter declined 34%. North American operations achieved a "near breakeven," the company said.
Premium Markets 2020-07-29T12:02:00Z
chicago board options exchange female woman trader

3 Wall Street pros managing $12 billion in assets share their strategies for profiting from the economy's recovery — and explain why investors should be aggressively taking risks now

The trio revealed how they're investing across asset classes in a continued economic recovery, and shared what they're buying now.
Markets 2020-07-29T11:18:19Z
FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell as trading is halted in New York, U.S., March 16, 2020. REUTERS/Lucas Jackson/File Photo

10 things you need to know before the opening bell

This is what traders are talking about.
Markets 2020-07-29T11:09:00Z

Kodak surged 200% to a 30-month high after securing a $765 million government loan to make drug ingredients

President Trump described the agreement with the camera company as "one of the most important deals in the history of US pharmaceutical industries."
Markets 2020-07-29T09:30:36Z

Gold could explode up to 80% to $3,500 in the next 2 years, a veteran investor says

Gold is trading at its highest level in history and Barry Dawes of Martin Place Securities thinks it has a long way to run.
Markets 2020-07-29T08:42:42Z

Barclays profits plunge 66% for the first half of 2020 as it sets aside $4.7 billion to brace for pandemic pain

Profits attributable to shareholders dropped to $899 million in the first half, down from $2.6 billion last year.
Markets 2020-07-29T08:27:55Z

Deutsche Bank slashes its 2nd-quarter losses as investment-banking revenues surge 46%

The German banking giant's stock price rose more than 1% on Wednesday as investors cheered its progress.
Premium Tech 2020-07-28T23:52:37Z

Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter.

Wall Street expects Amazon to report a profitable quarter, backed by strong COVID-driven sales and faster growth in high-margin businesses.
Premium Tech 2020-07-28T23:16:02Z

Apple's iPhone 12 is in a battle with the coronavirus. On Thursday, Apple will give a big clue about who won.

Apple reports its Q3 earnings on Thursday, but analysts are looking ahead to the iPhone 12 launch in the fall as a better indicator of Apple's growth.
Markets 2020-07-28T20:53:00Z

US stocks decline as stimulus negotiations heat up and earnings miss hopes

Senate Republicans continued to negotiate their stimulus bill, though disagreement within the GOP suggests deliberations will last into August.
Markets 2020-07-28T20:24:25Z

Bitcoin's rally above $11,000 is exactly what crypto bulls are looking for, Oppenheimer's technical analysis head says

While gold is likely the most popular hedge bet for those bracing for inflation to rise, bitcoin "isn't as extended," the analyst said.
Markets 2020-07-28T19:50:00Z

Bernstein downgrades Tesla and says the stock will tank 42% from its 'mind-boggling' valuation

The firm downgraded Tesla to "underperform" from "market-perform," calling the move a "valuation call" after shares more than tripled through 2020.
Markets 2020-07-28T18:52:00Z

Mike Novogratz says gold and bitcoin will both surge higher as long as the government 'liquidity pump' stays turned on

Michael Novogratz, Galaxy Digital's CEO, forecast that bitcoin would be at $14,000 in three months and could easily reach $20,000 by year-end.
Markets 2020-07-28T18:41:00Z

Stock investors could be 'delusional' if prices continue to rise faster than earnings forecasts, Ed Yardeni says

The S&P 500's forward price-earnings ratio climbed to 22 on Friday, landing about 3 percentage points above the cyclical peak, Yardeni highlighted.
Markets 2020-07-28T18:23:00Z

Here are the 13 best Twitter accounts to follow for technical stock market analysis

Today more than ever, technical analysts are sharing invaluable charts and insights with the Twitter community.
Markets 2020-07-28T17:56:29Z

'It's not $600 or bust': Top Democratic lawmaker opens the door for compromise with GOP on reduced unemployment benefits

House Majority Leader Steny Hoyer said the party isn't drawing a red line on extending the $600 federal payouts on top of state unemployment insurance.
Premium Strategy 2020-07-28T17:30:21Z

An expert shares how to get started in real-estate investing and bring in passive income

Zach Aarons is co-founder of a VC firm that invests in real estate tech. Every tool you need to get started is online — and it's never been easier.
Markets 2020-07-28T15:15:11Z

US consumer confidence snaps 3-month growth streak as new COVID outbreaks stifle reopening optimism

The Conference Board's Consumer Confidence Index sank to 92.6 in July from 98.3. Its gauge of consumer expectations tumbled to 91.5 from 106.1.
Markets 2020-07-28T15:00:00Z

US stocks decline as investors weigh GOP stimulus plan and earnings disappointments

Experts expect a long negotiation period as Republicans and Democrats spar over their respective economic stimulus proposals.
Opinion 2020-07-28T14:59:43Z

There's a clear way for Congress to improve the PPP loan program and help America's small businesses

Streamlining the approval process so that PPP loans for many small businesses are forgiven quickly would save the economy money and help businesses.
Markets 2020-07-28T14:02:00Z

The price of gold hit an all-time high this week, and Wall Street thinks it will keep climbing. Here's what some of the world's biggest banks forecast for the precious metal.

Gold reached its highest level ever on Monday, causing Goldman Sachs to revise its 12-month forecast for the precious metal to $2300 per ounce.
Markets 2020-07-28T13:26:00Z

Bitcoin rockets above $11,000 to year highs as the dollar weakens

Cryptocurrency advocates argue tokens like bitcoin can one day replace the dollar and currently serve as a strong hedge against inflation.
Premium Finance 2020-07-28T13:17:00Z

Billionaire Ray Dalio's Bridgewater is having a really bad year. Inside the layoffs, lawsuits, and double-digit losses at the world's largest hedge fund.

Bridgewater's Pure Alpha is still down double-digits for the year, and Ray Dalio's firm is facing a lawsuit from former co-CEO Eileen Murray.
Transportation Contributors 2020-07-28T13:16:00Z

Harley-Davidson misses on 2nd-quarter earnings as coronavirus hurts sales and new CEO pushes restructuring plan

Harley-Davidson posted an unexpected loss of $0.60 per share for Q2; analysts has expected a slight profit.
Premium Finance 2020-07-28T13:03:00Z

Anthony Scaramucci's flagship fund is getting hit with a huge wave of redemptions. He explained why investors are pulling up to $900 million and where he's finding new money.

About a quarter of investors in Anthony Scaramucci's flagship fund asked for their money back in recent weeks, the SkyBridge Capital founder said.
Premium Finance 2020-07-28T12:40:00Z

Charles Schwab expects to shutter branches when its TD Ameritrade deal goes through. Here's exactly where they have the most overlap.

Schwab execs have flagged "geographic footprint rationalization" and "workforce overlap" as ways to find billions in cost savings from the mega-deal.
Premium Finance 2020-07-28T12:37:00Z

Billionaire Ken Griffin's Citadel has a sprawling alumni network of more than 80 hedge funds. Take a look at our exclusive list.

Citadel was modeled after Goldman Sachs' analyst program. And just like Goldman, when employees leave the fund, they have a leg up in the industry.
Premium Markets 2020-07-28T12:36:00Z

'Castles built on sand': Famed economist David Rosenberg says investors are being too reckless as stocks rally — and that a vicious long-term bear market is far from over

Rosenberg, the founder of Rosenberg Research, says the market is going through a short-term bounce, not a long-term rally.
Opinion 2020-07-28T12:34:40Z

To help communities of color, Congress must extend the $600-a-week boosted unemployment benefit until the economy recovers

Recessions hit communities of color hard. To soften that blow and advance racial justice, Congress needs to extend the boosted unemployment benefit.
Premium Markets 2020-07-28T12:13:00Z

A fund manager who's quadrupled investors' money since 2011 says he uses a famed 5-part psychological theory to shape his portfolio. Here are the stocks he bought for each stage.

Fund manager Thomas O'Halloran applies Maslow's hierarchy of needs to help find the best potential investments in the consumer space.
Premium Markets 2020-07-28T12:02:00Z

GOLDMAN SACHS: Buy these 26 stocks now to crush the market as an 'overvalued' dollar continues to weaken in the months ahead

Goldman Sachs expects the dollar to weaken by 5% over the next year — and recommends these 26 international-facing stocks to profit from its decline.
Markets 2020-07-28T11:28:24Z

10 things you need to know before the opening bell

This is what traders are talking about.
Markets 2020-07-28T11:04:03Z

Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year, driven by rock-bottom interest rates

The bank previously projected that the safe-haven metal would touch $2,000 an ounce in the next 12 months.
Markets 2020-07-28T09:45:39Z

A $59.1 billion Swiss bank sold half its gold holding, even as the precious metal breaks to new record highs

Samy Chaar, chief economist at Lombard Odier, said the bank sold half its gold position due gold's price "vulnerability" uncertainty in real rates.
Markets 2020-07-28T09:29:18Z

The US Mint is slowing down how many gold coins it makes because of the coronavirus pandemic

To avoid chances of employees contracting COVID-19, the bureau decided to slow production as a safety measure.
Markets 2020-07-28T08:55:00Z

Warren Buffett pumps another $400 million into Bank of America, boosting his stock purchases to $1.2 billion in 8 days

The famed investor and Berkshire Hathaway CEO bought about 16 million shares, raising his stake to 11.5%.
Markets 2020-07-27T21:39:07Z

Senate Republicans just proposed a fresh round of $1,200 stimulus checks for Americans

Both Republicans and Democrats, along with the Trump administration, support a second round of direct payments for Americans.
Markets 2020-07-27T21:32:08Z

Republicans just proposed a new idea for coronavirus unemployment benefits — and it's less generous than the $600 federal boost to state payouts

It would enact a temporary $200 supplement to state unemployment checks, then transition to benefits capped at 70% of a jobless person's past wages.
Markets 2020-07-27T20:34:00Z

Gold closes at record high for 2nd consecutive trading day as worries about dollar, economy mount

Market analysts think gold could hit $2,000 as early as this week because of a Federal Reserve meeting concluding on Wednesday.
Markets 2020-07-27T20:06:20Z

US stocks rise as investors await major earnings, coronavirus stimulus plan

The GOP is set to release its long-awaited coronavirus stimulus bill on Monday. Next, Republicans and Democrats will kick off talks on the bill.
Markets 2020-07-27T19:57:11Z

Stocks now in 'the painful stage' before a more balanced bull market emerges, Morgan Stanley chief US equity strategist says

Tech stocks' decline is ultimately "a healthy development for the bull market," as it drives investors to ignored sectors, the chief strategist said.
Markets 2020-07-27T19:28:00Z

Sports betting platform DraftKings plunges 13% after COVID outbreak halts MLB games

Major League Baseball canceled two Monday games after four members of the Miami Marlins tested positive for COVID-19.
Markets 2020-07-27T18:53:44Z

Tech valuations 'hit a wall' after recent earnings, according to Jefferies

Tech "multiples are already high and the next leg of growth for this space has to be driven by fundamental performance," said Brent Thill of Jefferies.
Retail 2020-07-27T17:15:41Z

Under Armour executives were warned they could be charged over accounting disclosures that may have violated securities laws

The SEC warned Under Armour executives Kevin A. Plank and David E. Bergman that they could face charges for "pull forward" accounting disclosures.
Markets 2020-07-27T16:35:52Z

The GOP will reportedly seek to reduce coronavirus unemployment benefits to $200 a week until states can implement a 70% wage replacement scheme for jobless people

Republicans will push for a two-month transition period for state agencies, but experts say they may struggle adjusting their antiquated systems.
Markets 2020-07-27T16:22:00Z

US stocks rise as investors await major earnings, coronavirus stimulus plan

The GOP is set to release its long-awaited coronavirus stimulus bill on Monday. Next, Republicans and Democrats will kick off talks on the bill.
Markets 2020-07-27T16:17:21Z

Morgan Stanley double-upgrades Biogen and says the stock can surge another 30%

"While BIIB remains a high-risk/ high-reward stock, we think now is the right time to take the risk," Morgan Stanley analysts wrote.
Markets 2020-07-27T15:47:36Z

Tech stock rally is far from repeating the 1990s dot-com bubble, SunTrust says

Tech stocks' rally is supported by strong profit growth "rather than the speculative excess that accompanied the 2000 tech bubble," the firm said.
Premium Markets 2020-07-27T15:37:40Z

Millions in profits and 5,429 units: Why Ryan Gibson is going all in on storage-unit investing after years of flipping homes — and the strategy he's using to capture the booming trend

"You have to take the sniper approach," Ryan Gibson, the chief investment officer of Spartan Investment Group, said. "Storage is a 3-mile business."
Markets 2020-07-27T15:17:00Z

Moderna skyrockets 11% after receiving additional $472 million of funding, starting phase-3 trial of COVID-19 vaccine

Moderna's total award from the Biomedical Advanced Research and Development Authority is roughly $955 million.
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