A number of U.S. states took additional steps Friday to begin to relax their lockdowns, even as fears about the coronavirus’ economic fallout resurfaced in the market and protests erupt over working conditions in supermarkets....
Dr. Gregory Poland, Mayo Clinic vaccinologist, joins Yahoo Finance Live to discuss the latest news on what we know about COVID-19, states re-opening, and companies working to create a vaccine. ...
Since reporting its earnings last week, Ericsson (NASDAQ:ERIC) stock has not done much. But then again, there was already a nice rally ahead of the announcement. Note that the shares went from $6.17 in mid-March to $8.35.Source: Shutterstock For the first quarter, Ericsson's revenues increased by 2% to $4.93 billion. While there was considerable weakness in the digital services business, there was strength in other segments like for networks. Given that the contracts tend to be large, there are often timing issues. And yes, with the novel coronavirus pandemic, there has been some more delays with deals.But despite this, I think the long-term does look bright for Ericsson, especially with the megatrend of 5G rollouts. The fact is that the company is positioned nicely, in terms of its global infrastructure, IP (Intellectual Property) portfolio and end-to-end technologies.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Issues Looming Over...
The lockdowns in the U.S. has resulted in the economy being shoved into reverse, giving investors plenty of options for stocks to buy. The Bureau of Economic Analysis (BEA) announced earlier this week that the first pass at the data for the first quarter of 2020 is very bad. The U.S. gross domestic product (GDP) dropped by 4.8%, which reverses the prior quarter's gain of 2.10%.And it will get worse on the data front. The majority of the lockdowns occurred only in the closing weeks of March. This means that for the current second quarter, with the vast majority of the U.S. under full lockdown, the further drop in GDP should be even worse than for the first quarter.In addition, the BEA also reported that personal consumption -- which represents the biggest segment of the economy dropped by 7.6%. And business spending on non-residential investment dropped by 8.6%.InvestorPlace - Stock Market...
