Stocks rose Friday on the heels of a volatile session a day earlier as crude oil prices advanced. The latest batch of economic data released Friday morning showed increasing stress on the U.S. manufacturing sector, with durable goods orders down the most in six years in March....
After being closed for close to a month, U.S. manufacturing plants for Daimler Trucks North America, Yokohama Corporation of North America, and Cooper Tire & Rubber Company have either restarted production or are in the process of restarting their assembly lines, with Detroit's Big Three still in limbo. ...
Naturally, with most of the country -- and much of the world -- stuck in some form of quarantine, it's easy to get discouraged about the financial markets. However, a few companies have emerged from this crisis stronger than ever. One of those names is Zoom Video Communications (NASDAQ:ZM).Source: Michael Vi / Shutterstock.com Similar to another favorite of mine, Teladoc Health (NYSE:TDOC), Zoom's business found massive catalysts due to social distancing and shelter-in-place protocols. Not surprisingly, then, ZM stock has absolutely skyrocketed since the pandemic began.As we'll discuss shortly below, Zoom Video's subscriber growth has been enormous. Again, with corporations and later state governments requesting workers to telecommute, impacted businesses scrambled for the best solution. For ZM stock, it's not at all insignificant that industry leaders have overwhelming chosen Zoom's internet conferencing platform.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut as with any success story, detractors and disrupters have...
Stocks rose Friday on the heels of a volatile session a day earlier, when stocks were whipsawed amid conflicting signals over the results of a clinical trial for a coronavirus antiviral treatment candidate. The latest batch of economic data released Friday morning showed further signs of stress on the U.S. manufacturing sector, with durable goods orders down the most in six years in March....
(Bloomberg) -- The death toll from the new coronavirus reached 50,000 in the U.S., now the epicenter of the global outbreak. The World Health Organization formed an international alliance to ensure that Covid-19 vaccines and treatments are distributed fairly.The U.S. Food and Drug Administration warned patients about taking malaria medications touted by President Donald Trump. The president now claims he was being sarcastic on Thursday when he suggested that injecting disinfectants might ward off the coronavirus.Spain and Italy had their fewest deaths in five weeks, and new cases in Singapore dropped below 1,000 for the first time in five days. Russia reported the most new cases since April 19, and Germany had its worst day in almost a week.Key DevelopmentsVirus Tracker: Cases top 2.7 million; deaths exceed 191,000Pence says outbreak could be over by Memorial DayEurope grapples with lockdowns as cases drop and economies reelMnuchin asks for equity stakes in exchange...
