(Bloomberg) -- New York State reported the most deaths in a single day while Italy, the nation with the most fatalities in the world, had the fewest since March 26. Spain plans to extend its lockdown.U.S. deaths rose to more than 7,500 and the global tally exceeds 62,000. At least a half-dozen cruise ships remain at sea with passengers and crew as companies navigate long trips and struggle to find ports willing to let them dock. The big question remains: When, and how, will this end?Key Developments:Global cases top 1.1 million; deaths exceed 62,000: Johns HopkinsBread lines are forming in Mar-a-Lago’s shadowThe virus is destroying ed jobs around the worldLandlords in peril as retailers withhold rentCruise ships, linked to the early spread, are still sailingThe maker of Purell gets tariff exclusionsNew York’s Deadliest Day (2 p.m. NY)New York, the worst-hit U.S. state, recorded the biggest daily death toll yet, adding 630...
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce and software giants.Bearish calls included airlines and the leading electric vehicle maker.The main U.S. indexes closed out last week lower again, led by the more than 2% retreat by the Dow Jones industrial, as the effects of the coronavirus pandemic continued to spread. The March jobs report was worse than expected and new jobless claims shattered records again. Crude oil prices hit a multiyear low but tried to recover later in the week. And investors are already bracing for big bank reports to kick off a new earnings season later this month.Benzinga continues to examine the prospects for many of the stocks most popular with investors. The following are some of this past week's most bullish and bearish posts that are worth another look.Benzinga is covering every angle of how the coronavirus affects...
(Bloomberg) -- The death toll from the coronavirus pandemic exceeded 60,000 worldwide and New York State reported its deadliest day. Spain will extend its state of emergency after cases surpassed those in Italy.U.S. deaths rose to more than 7,000 as health officials recommended wearing cloth masks to prevent the virus’s spread. At least a half-dozen cruise ships remain at sea with passengers and crew as companies navigate long trips and struggle to find ports willing to let them dock.Key Developments:Global cases top 1.1 million; deaths exceed 60,000: Johns HopkinsBread lines are forming in Mar-a-Lago’s shadowJobs destroyed worldwide as virus sparks recessionLandlords in peril as retailers withhold rentWhy the Fate of Milan Will Be the Fate of ItalyCruise ships, linked to the early spread, are still sailingNew York’s Deadliest Day (11:40 a.m. NY)New York, the worst-hit U.S. state, recorded its deadliest day as the toll rose to 3,565, including 2,624 deaths in...
Fannie Mae and Freddie Mac have taken several big steps to help homeowners stay in their homes despite the coronavirus-related job losses. However, those measures complicate the government-sponsored enterprises' process of getting out of conservatorship and recapitalizing. So how will the coronavirus affect Fannie Mae's and Freddie Mac's progress toward release, and will they survive […]...
Summary My top idea is Microsoft Corporation (NASDAQ:MSFT) stock Market capitalization is over 1 trillion US dollars Rating: AAA (S&P and Moody's) Competitors: Apple and Amazon Reasons why MSFT will outplay its competitors and emerge as one of the best investments Strong Fundamentals In 2019, Microsoft Corporation's stock rose by almost 30% with impressive earnings. […]...
Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war to avoid deepening the oil price crisis. Mexico and others have seen the prices for their crude exports battered in recent weeks after the fallout from the new coronavirus eroded demand and major oil producers could not agree on how to respond. "How can Russia and Saudi Arabia not come to an agreement in order to stop oil price declines that are further deepening the crisis?" Lopez Obrador asked....
