[Editor's Note: This article was updated on June 19, 2020, to include the most up-to-date information.]A largely ignored market segment, gun stocks to buy have soared in both interest and demand. With fear, chaos and overall uncertainty about the future representing the dark side of the new normal, people have gravitated toward firearms, mainly for self-defense reasons. However, this nationwide surge in gun sales is unlike anything we've ever seen.According to the FBI's database, gun dealers submitted over three million firearm background checks in May. This generally corresponds to the total number of guns sold in the month, although keep in mind that federal law does not require private sellers to initiate such checks. Even so, retail sales of firearms from January through May is staggering at over 15.2 million units.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo put this figure into perspective, in all of 2009, Americans bought...
(Bloomberg) -- Spotify Technology SA shares surged Friday, with the stock moving further into record territory after a pair of analysts said the company’s move into podcasts makes them even more bullish.The company recently announced a number of high-profile podcasts deals, including with Joe Rogan and DC Comics. There’s reportedly also a pact with Kim Kardashian West.“We not only see attractive monetization potential” from these deals, but they could lead to “future leverage to premium subscription pricing and label negotiations,” wrote Rosenblatt Securities analyst Mark Zgutowicz. The podcasts “present attractive leverage characteristics to users and revenue,” he added, raising his price target to a Street-high view of $275.Monness, Crespi, Hardt also raised its Spotify target to $275 on Friday, saying the podcasts deals offer “the opportunity for increased engagement on the platform” as well as the potential for growth in monthly active users.Spotify shares gained as much as 7.3% on Friday...
(Bloomberg) -- Stocks rose across most major global markets as investors cheered the latest breakthrough in trade negotiations between America and China and the start of stimulus talks in Europe. Treasuries edged lower.The benchmark S&P 500 rose for a second day as reports that China plans to accelerate purchases of American farm goods to comply with the phase one trade deal boosted risk appetite. Still, with uncertainty over how quickly economies can emerge from lockdowns, and a welter of options set to expire in a quarterly event know as quadruple witching, investors are bracing for potential bouts of volatility. Trading was 17% higher than the 30-day average at this time of day.In Europe, attention turned to negotiations over the EU’s proposed 750 billion-euro ($840 billion) program to help economies rebound from lockdowns, which helped send the Stoxx 600 Index up as much as 1.2% and strengthened the euro.Wirecard AG shares bucked...
Cloudflare CEO and Founder Matthew Prince joins Yahoo Fiance's Alexis Christoforous and Brian Sozzi to discuss a rise in cyberattacks amid the coronavirus pandemic, in addition to its preparation for the 2020 election and more. ...
(Bloomberg Opinion) -- As the coronavirus pandemic continues, Bloomberg Opinion will be running a series of features by our columnists that consider the long-term consequences of the crisis. This column is part of a package on the future of tech and innovation.For years, artificial intelligence seemed on the cusp of becoming the next big thing in technology — but the reality never matched the hype. Now, the changes caused by the Covid-19 pandemic may mean AI’s moment is finally upon us.Over the past couple of months, many technology executives have shared a refrain: Companies need to rejigger their operations for a remote-working world. That’s why they have dramatically increased their spending on powerful cloud-computing technologies and migrated more of their work and communications online. With fewer people in the office, these changes will certainly help companies run more nimbly and reliably. But the centralization of more corporate data in the cloud is also precisely what’s needed for companies...
