Nearly Half of US Small Businesses Could Shut Down in 6 Months
U.S. small business owners have been especially hard hit by the shutdowns forced by the coronavirus outbreak. Nearly half may have to close permanently in the next six months.
All Work
Paul Ausick
National Average Gas Price Drops for Seventh Straight Week
Gasoline pump prices have dropped for the seventh week in a row and the national average price for a gallon of regular gas has hit $1.83.
Teetering Macy’s Gets Help From Lazard
Macy's has reportedly hired an investment bank to help it figure out how to maintain liquidity during a period when essentially all its stores are closed.
Short Sellers Mostly Cut Positions in Oil and Gas Stocks
Short interest in oil & gas producers mostly decreased in the two-week period ending March 31.
Short Interest Falls on Solar Stocks, Mixed on Alt Energy Shares
Short interest decreased on solar stocks during the two-week period ending March 31. With one exception, alt energy short interest also declined among the stocks we track.
The End of the Beginning of the Oil Price War
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
IMF Chief Says Coronavirus Pandemic to Cause Worst Recession Since 1929
IMF managing director Kristalina Georgieva said Thursday that the developed nations of the world need to step up to help emerging and developing economies survive and recover from the coronavirus pandemic.
Why Mortgage REITs Are Bouncing Back
Mortgage REITs are getting a big boost Thursday following the Federal Reserve's announcement that it would provide credit backup for the troubled sector.
GE Stock Gets a Lift From Earnings Warning
GE warned Thursday that first-quarter earnings would come in well below its previous estimate. The good news was the company closed the sale of its BioPharma business and now has a fresh stack of…
Decision Day for OPEC, Russian Production Cuts
A video teleconference Thursday morning is expected to cut up to 10 million barrels from global crude oil production. Will that be enough to push crude prices higher?
This Year Could Be the End of Summer Jobs for the Young
Summer jobs could fall by half year over year as the U.S. economy continues to struggle with the coronavirus outbreak.
Is Amazon Getting Out of the Shipping Business?
Amazon is reportedly shutting down a delivery service that picks up goods from a seller's location and delivers them to customers. This doesn't necessarily mean that the e-commerce giant is giving up on last-mile…
CEO Turnover Slows to a Stop in March
The number of CEOs who left their jobs in March was the lowest in 20 months, according to outplacement firm Challenger, Gray & Christmas. However, the first-quarter total was the second-highest on record.
The CARES Act Could Pummel Fannie Mae Stock
What was missing in the Coronavirus Aid, Relief and Economic Security (CARES) Act was some protection for lenders and guarantors like Fannie Mae and Freddie Mac against massive demands for cash.
Bakken Oil Field Giant Continental Eliminates Dividend, Slashes Production
Continental Resources, one of the largest producers in the Bakken shale oil region, has suspended its dividend and announced a production cut of 30% for April and May.
Can Aurora Cannabis Stock Avoid CannTrust’s Woes?
Can Aurora Cannabis do anything to avoid the same fate as its peers that are circling the drain? Can anything the company does return it to its former glory?
Can Box Stock Maintain Its Recent Momentum?
March was the cruelest month for Box, even though its cloud-based model built around data protection has provided some immunity to the coronavirus pandemic. Yet, two things have turned its prospects around.
Boeing Halts Washington Manufacturing; Hexcel-Woodward Merger Scrapped
Boeing has announced that production in Washington will be suspended until further notice. A planned merger between two Boeing suppliers has been called off due to the COVID-19 outbreak.
National Average Gas Price Drops for Sixth Consecutive Week
The nationwide average price for a gallon of regular gasoline dropped for the sixth consecutive week, according to GasBuddy. More than 40 states have average prices below $2.00 a gallon.
Inovio to Begin Testing COVID-19 Vaccine
Biotech firm Inovio has begun Phase 1 trials of a new vaccine for COVID-19. The trial is beginning Monday.