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This weekend's Barron's cover story discusses what the president's COVID-19 diagnosis could mean for already battered industries.Other featured articles discuss how to play the video game boom and a big merger for which renowned activist investor is pushing. Also, the prospects for a crane maker, recreational vehicle stocks, lithium producers and more.Cover story "Trump's Virus Diagnosis Clouds the Outlook for Already-Battered Industries" by Daren Fonda says that with the November election fast approaching, the news that the president has coronavirus adds another level of uncertainty for many industries. See what Barron's believes that means for Southwest Airlines Co (NYSE: LUVE) and others.Max A. Cherney's "Videogames Are Serious Business. Here's How to Play the Stocks Now" suggests that with Americans stuck at home, video games have soared to the top of the entertainment world. The Sony Corp (NASDAQ: SNE) PlayStation 5 and the Microsoft Corporation (NASDAQ: MSFT) Xbox Series X are big...
(Bloomberg) -- President Donald Trump pressed for a deal on another round of pandemic aid to jolt the U.S. economic recovery, saying the country “wants and needs” fiscal stimulus.With Trump receiving treatment at Walter Reed military hospital outside Washington after testing positive for the coronavirus, his tweet on Saturday departed from his health to focus on weeks of partisan deadlock over another stimulus bill.U.S. House Speaker Nancy Pelosi said Friday that negotiations with the White House will press ahead and Trump’s Covid-19 diagnosis might change the tenor of the talks by underscoring the seriousness of the pandemic.The two sides remain far apart on how much of a boost to provide and what it should target. Democrats in the House on Thursday passed a $2.2 trillion package -- down from the $3.4 million plan they passed in May -- as their latest offer. Treasury Secretary Steven Mnuchin has proposed a plan of...
With President Trump hospitalized with the coronavirus, Dow Jones futures and the stock market rally are likely to take their cue from his condition. Here's your investing prescription...
* Benzinga has examined the prospects for many investor favorite stocks over the last week. * Cults stocks were well-represented among the bullish calls this past week. * Bearish calls included a FANG stock and the electric vehicle leader.President Donald Trump continued to dominate the headlines as the fourth quarter kicked off, from his tax returns and controversial Supreme Court nominee to the contentious first presidential debate and his COVID-19 diagnosis.Despite continued volatility, the main U.S. indexes ended the week marginally higher, led by a 2% gain in the Dow Jones industrials, even though the week also saw another disappointing jobs report, big bank restrictions extended and the continuing wait for a coronavirus vaccine.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are a few of the last week's most bullish and bearish posts that are worth another look.Bulls "Starbucks' Recovery Looks 'Durable,' Cowen...
(Bloomberg) -- Donald Trump’s physician said the president is “doing very well” and his condition is improving, an upbeat report that was almost immediately contradicted by the disclosure from a person familiar with the matter that his vital signs were very concerning over the past 24 hours.The president is being treated at a U.S. military hospital near Washington for Covid-19. He tweeted Saturday that he is “feeling well” and called for a stimulus deal.Senate Majority Leader Mitch McConnell said the fast-track schedule for confirming Trump’s Supreme Court nominee won’t be affected by the Covid-19 diagnoses of Trump and three Republican senators. Vice President Mike Pence, who is said to have tested negative on Saturday morning, plans to host a campaign event in Arizona next Thursday.The president said early Friday he had tested positive along with his wife and one of his closest aides, throwing his campaign into deeper disarray just one...
The following is excerpted from an article that originally appeared on CapitalWatch Most of us know the story of Luckin Coffee (Pink: LKNCY). In a nutshell, the company was supposed to be the "Starbucks of China" giving the American coffee giant a run for its money on the Mainland. The Beijing-based company launched in 2017 and quickly grew its stores and pick-up locations to rival Starbucks Corporation (NASDAQ: SBUX) in China. The stock exploded in popularity. And then, it just exploded.First, reports emerged in January that Luckin had fabricated its financial data, an allegation which the company, of course, denied. Then regulators launched a probe into Luckin in April and found that the company violated Chinese competition laws by inflating its operational data with false statistics to "deceive and mislead the public."Regulators also discovered that Luckin falsely increased its 2019 profit margin and revenue by booking more than 2 billion yuan...
Oct.03 -- White House physician Sean Conley briefs reporters on President Donald Trump's fight against Covid-19. He spoke outside Walter Reed National Military Medical Center on Saturday...
