Deborah Friedland, Hospitality Practice Leader at EisnerAmper, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the hotel industry is faring amid the coronavirus outbreak....
We’ve had more good news in the stock markets this week, lending credence to the view that recent gains are more than just a ‘bear market rally.’ Markets are up their recent trough, reached on March 23, and the gains appear to be both substantial and lasting.Investment bank Morgan Stanley has been tracking the markets closely, watching for evidence that the true bottom has been reached. The bank’s US chief equity strategist, Mike Wilson, believes that it has. He points out the “unprecedented and unbridled monetary and fiscal intervention led by the U.S.” and goes on to add that, with stock valuations at their most attractive since 2011, “we stick to our recent view that the worst is behind us…”Wilson believes that bear markets, with their low prices, typically end in recessions. The risk/reward ratio grows more favorable in an environment of low prices and high upside potentials. In addition, Wilson...
Stocks rose Wednesday morning after a volatile session the prior day. Investors continued to monitor coronavirus developments, and early reports that the government was beginning to consider exit plans to restart businesses closed due to the outbreak....
With the Bitcoin halving being just one month away you could forgive people for forgetting about Bitcoin Cash and its own block reward halving, which actually happened today. Miners will now receive 6.25 BCH per block as opposed to 12.5 BCH per block, which theoretically means the price would need to double for mining to remain as profitable. However, Bitcoin Cash is now 5.68% down over the past four hours despite block rewards being slashed, leaving a sour taste in mouths of investors. The difference between the Bitcoin halving in May and the Bitcoin Cash halving is that miners are more inclined to mine Bitcoin due to its value being $7,250 compared to Bitcoin Cash, which is worth just $263....
The Department of Health and Human Services contract is the first for ventilator production under the Defense Production Act, invoked by President Donald Trump to get companies to produce essential gear needed to fight the pandemic. GM will work with ventilator firm Ventec Life Systems to deliver 30,000 ventilators under the contract to the U.S. government by the end of August, with deliveries of the first 6,132 ventilators taking place by June 1....
