The British pound pulled back from the 1.26 level in order to show resistance yet again, and as a result it is likely that we will continue to see a lot of choppy behavior....
U.S. gaming stocks have rebounded significantly off their lows even though Las Vegas casinos remained closed due to Nevada's statewide shutdown. On Thursday, Nevada Governor Steve Sisolak announced the first phase of the state's reopening will begin on May 15, but casinos will not be included.Casinos Excluded From Phase OneThe first phase of Nevada's reopening plan includes easing restrictions on activities such as golf and tennis, as well as standalone retail stores. Social gatherings will continue to be limited to a maximum of 10 people. Bars, nightclubs, malls, and casinos will remain closed for now.Nevada is expected to begin the second phase of its reopening plan two to three weeks after the first phase, assuming no spikes in hospitalizations. Although casinos were not specifically mentioned as part of phase two, MGM Resorts International (NYSE: MGM) suggested on its earnings call that they could be included in the second phase.Assuming casinos are...
On Wednesday, beleaguered United Airlines (NASDAQ:UAL) received the first piece of substantive good news since the novel coronavirus destroyed the global economy. And UAL stock appreciated the breath of fresh air.Source: NextNewMedia / Shutterstock.com According to Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases, Gilead Sciences' (NASDAQ:GILD) drug remdesivir demonstrated encouraging results in terms of reducing recovery time from the coronavirus. As a result, the broader markets jumped higher, with a pronounced, double-digit effect on UAL stock.Of course, it wasn't just United that saw some love. Competitors such as Delta Air Lines (NYSE:DAL) and American Airlines Group (NASDAQ:AAL) also enjoyed double-digit gains in the midweek session. For the airliner industry, a viable coronavirus treatment represents a godsend. Due to its infectiousness, those who share the same air within tight quarters are presumably at higher risk of contraction.InvestorPlace - Stock Market News, Stock Advice & Trading...
