Last Friday’s stock market performance was a disappointing way to round out the week. Following three consecutive sessions of closing in the green, a rare occurrence these days, the S&P 500 capped off the week with a loss, a rude awakening for anyone that thought stocks were leaving bear market territory in the dust. Today, though, U.S. stocks rebounded with the S&P 500 gaining about 2.5%.With this in mind, investors are buckling down and bracing for sustained volatility. As for how long the volatility will persist, no one can be entirely sure, but the pros remind investors that the current economic climate doesn’t signal doomsday for every name on Wall Street. According to the analysts, a select few are not only sturdy enough to weather the storm, but are also set up for noteworthy long-term growth to the upside, specifically pointing to the payments industry.After a series of huge mergers in...
Seven months after Bernie Madoff whistleblower Harry Markopolos said General Electric Company (NYSE: GE) would not survive the next U.S. recession, the coronavirus (COVID-19) pandemic has provided a chance to test that thesis.The GE Allegations Back in August 2019, Markopolos released a 175-page whistleblower report claiming GE was committing nearly $40 billion in accounting fraud related to its insurance business and its stake in Baker Hughes Co (NYSE: BKR). At the time, Markopolos said GE was a bigger fraud than Enron or WorldCom."GE is one recession away from Chapter 11. Their balance sheet is in tatters," Markopolos said in at the time. GE called the allegations allegations "meritless" and the company is committed to reducing its debt: "GE continues to maintain a strong liquidity position, committed credit lines, and several executable options to monetize assets."With more and more experts and analysts anticipating the COVID-19 economic shutdown will trigger at least a...
Edelman Financial Engines Founder Ric Edelman joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss how Congress and the Trump administration is responding to the coronavirus outbreak....
Edelman Financial Engines Founder Ric Edelman joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss how leadership is responding to the coronavirus outbreak....
