Month: April 2020

Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
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The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
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Individuals and businesses earn income—money for providing goods or services or by investing capital in assets like individual retirement accounts (IRAs). Other sources of income include pensions or Social Security. This income may be used to fund day-to-day expenditures and necessities or to spend on things people want rather than need. Income can be divided
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More than 3.8m Americans filed new claims for jobless benefits last week, bringing the six-week total since the start of the lockdowns to curb the coronavirus pandemic to more than 30m. The number of initial unemployment claims fell from 4.4m the previous week, the US labour department said on Thursday, against expectations of 3.5m. But
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The U.S. central bank, the Federal Reserve, has a dual mandate: to work to achieve low unemployment and stable prices. During a recession, unemployment rises and prices sometimes fall in a process known as deflation. The Fed, in the case of steep economic downturns, may take dramatic steps to suppress unemployment and bolster prices both
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The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
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The U.S. government issues Treasury securities to fund the deficit between the amount of money that it takes in through taxes and other sources, and the amount of money that it spends on defense, welfare programs, and the interest it pays on its current debt. The government’s total debt is around $22 trillion. Roughly three-quarters
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The US economy shrank in the first quarter by its fastest rate since the 2008 financial crisis, ending the longest expansion on record as lockdowns aimed at curbing the coronavirus pandemic choked off economic activity. Gross domestic product, or the value of all goods and services produced by the economy, shrank at an 4.8 per cent
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General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic.  The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
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In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in
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President Donald Trump plans to order meat-processing plants to remain open, as concerns mount about the food supply chain after the closure of a number of big facilities because of coronavirus outbreaks. Speaking to reporters on Tuesday afternoon, Mr Trump said his team was drafting an order that he would sign “over the next hour
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This article lists the top 20 names in the Index, along with their respective ticker symbols, index weighting, market capitalization, and trading price as of April 27, 2020. The S&P 500 Index is market cap weighted. This method divides the market cap of a company by an index’s total market capitalization to determine the weights.
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US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory. The West Texas Intermediate contract for June delivery fell 20 per cent to a low of $10.07 a barrel in early London trading, before regaining some of that
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Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
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In 1983, legendary commodity traders Richard Dennis and William Eckhardt held the turtle experiment to prove that anyone could be taught to trade. Using his own money and trading novices, how did the experiment fare? The Turtle Experiment By the early 1980s, Dennis was widely recognized in the trading world as an overwhelming success. He had turned an initial
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The Trump administration’s small business bailout programme hit another hurdle on Monday when the computer system processing loan applications crashed after being overwhelmed with demand on the day the fund reopened. Bankers from the biggest and smallest US lenders said they encountered delays and outages as they tried to log on to the system approving
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