U.S. in the third quarter. The recovery of the auto industry gained momentum, with coronavirus-related loos and buyers returning to the show-room from sales by auto manufacturers. Strong demand for trucks and sport-utility vehicles is leading to a comeback, which is happening much faster than expected this summer. Contributing is …
Read More »Grocers stockpile, create ‘epidemic’ palettes ahead of winter
Grocery stores and food companies are preparing for a potential surge in sales amid a new surge in Covid-19 cases and the upcoming holiday rush. Supermarkets store groceries and store them early in preparation for the fall and winter months, while some health experts warn that the country could see …
Read More »This chart signal says stop buying megacap technology stocks
The recent pullbacks in megacapitalization technology sto g have now been long enough and have gone so far that they have triggered chart signals warning investors not to sink these stocks in too little time. Chart indicators shine through the widely followed 50-day simple moving average, which serves as a …
Read More »Amazon to open 1,500 small warehouses in US suburbs: report
The report states that while Amazon is padding its real estate portfolio, it is not interested in abandoned department store space. AFP by Getty Images The report states that Amazon.com Inc. Targets U.S. About 1,500,000 small warehouses are to be opened in the city – many of them in suburban …
Read More »European stocks and US equity futures are on the verge of vaccination and M&A action.
Capped vials of Oxford University’s COVID-19 vaccine candidate, who resumed trials after a break last week. Vincenzo Pinto / Agence France-Presse / Getty Images European stocks rallied on Monday, with US equity futures driven by news of vaccine hope, mergers and acquisitions. Stoxx Europe 600 Index SXXXP, -0.04% The best …
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