Shoppers wearing face masks leave a shopping mall in Berlin on April 29, 2020 amid the new coronavirus pandemic COVID-19. john macdougall / Agence France-Presse / Getty Images European stocks fell on Tuesday, reversing the gains of the previous day on concerns about the closure of the state of California …
Read More »According to an analyst, why this lateral action of the stock market will be “resolved to the upside”
It has been a largely sideways move for the stock market since early June, but a Wall Street bull is telling clients that this consolidation episode is likely to “resolve to the upside” due in part to historical credit levels. and liquidity. “Over the past week, economic data continued to …
Read More »Spartan buys Fisker for $ 2.9 billion. What it says about hot electric vehicle stocks.
Text size Fisker believes that Ocean is the world’s most sustainable all-electric SUV. Courtesy of Fisker. It’s official. Spartan Energy Acquisition is buying California-based electric vehicle maker Fisker in a deal that values the startup at $ 2.9 billion, another $ 1 billion valuation for the ultra-powered alternative fuel space. …
Read More »Airlines are taking new bailout cash as prospects worsen
Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
Read More »FedEx Shares Up 9% As Online Shopping Boosts Company’s Quarterly Results
FedEx Corp. shares rose Tuesday night after the logistics and delivery company reported better-than-expected adjusted earnings and sales in its fiscal fourth quarter as rising online shopping amid the pandemic coronavirus compensated for higher costs and thinner margins. FedEx FDX, + 4.21% reported a loss of $ 334 million, or …
Read More »