The more we learn about the WeWork debacle, the more head-scratching it gets. According to a news report from The Telegraph, WeWork co-founder and ousted CEO Adam Neumann unloaded $361 million worth of shares when Japanese investment conglomerate SoftBank first invested in the company in 2017. And he wasn’t the only
U.S. stocks climbed again through morning trading Tuesday as part of a larger rally over the last serval weeks that has seen the S&P 500 jump roughly 25% from its March 23 lows. The recent positivity comes as the Fed and the U.S. government try
JPMorgan (JPM) and Wells Fargo (WFC) kicked off the Q1 earnings season for the big banks, with market participants getting spooked by management’s comments about credit quality and increasing defaults as households and businesses deal with the ongoing economic downturn. On the earnings front, JPMorgan’s Q1 earnings were
MSFT +4.79% AAPL +5.26% IBM +2.29% CSCO +3.41% GOOG +4.86% Technology stocks continued to climb in Tuesday trading, with the SPDR Technology Select Sector ETF advancing 4.2% while the Philadelphia Semiconductor Index was rising 4.1%. Among technology stocks moving on news: (+) Fidelity National
On today’s episode of Full Court Finance here at Zacks, Ben Rains dives into some of the coronavirus-based economic uncertainty heading into the start of the busy period of Q1 fiscal 2020 earnings season. We then explore three stocks that appear to be buys at
NoDerog | iStock | Getty Images Americans are starting to receive their cash payments via direct deposits, part of the $2 trillion bill passed by Congress to stimulate the economy after the decline caused by the pandemic. ″#IRS deposited the first Economic Impact Payments into
KEY POINTS New York City is preparing to bury the bodies of those who died of COVID-19 in temporary plots on public land. The city’s system for managing the deceased is being “pushed to the limit,” according to the chair of New York City Council’s
KEY POINTS Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road.” “Barring some health-care miracle like that, it seems we’re going to have various phases of rolling flare ups,”