Month: May 2020

The New York Stock Exchange will reopen its trading floor to “a subset” of floor brokers on May 26, with new safety measures, announced Stacey Cunningham, the exchange’s president, in a guest column in The Wall Street Journal published Thursday afternoon. The NYSE has been limited to electronic trading since closing the […]

U.S. stock benchmarks closed sharply lower Wednesday as Wall Street digested a grim near-term economic outlook from Federal Reserve Chairman Jerome Powell and as state and federal officials attempt to restart businesses from a coronavirus-induced lockdown. “The scope and speed of this downturn are without modern precedent, significantly worse than […]

That’s CNBC host Jim Cramer putting his support behind Elon Musk and his controversial move to reopen Tesla’s TSLA, -0.23% manufacturing plant in Northern California despite county orders. “There are people who think he’s the greatest, and people who think that he’s willing to sacrifice people on the altar of profit,” Cramer continued. […]

Corporate insiders may have turned bullish about the U.S. market but their enthusiasm for their own company’s stock didn’t last long. During the market’s lows back in March, insiders were aggressively taking advantage of the cheaper prices at which their companies’ shares were trading. But in the wake of the market’s […]

Main Street thinks Wall Street is crazy. Wall Street thinks Main Street is going to be relatively OK. That’s the apparent message after the Dow Jones Industrial Average jumped more than 400 points Friday and stocks continued a torrid rebound despite data that the U.S. economy shed more than 20 […]

U.S. stock benchmarks closed in positive territory Thursday, finishing off their best levels with energy and financials powering the day’s moves. A rally in the technology-related Nasdaq helped to drive the index undoing its coronavirus-induced selloff of the past two months. Although there was another turbulent finish for major benchmarks […]

The Dow dipped 218.45 points, or 0.91% to close at 23,664.64. The S&P 500 closed 0.7% lower at 2,848.42. And the Nasdaq Composite advanced 0.51% to 8,854.39. Stocks fell on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data. A report from ADP and Moody’s Analytics showed private payrolls […]

Warren Buffett told shareholders on Saturday that Berkshire Hathaway unloaded all of its positions in the airline sector. “I was wrong about that business,” he admitted. For one group of investors, him being wrong had to feel so right. According to S3 Partners, short-sellers made $188 million in mark-to-market profits in Monday’s […]

U.S. stocks have tumbled more 4% since their post-coronavirus highs last Wednesday, leading some to speculate that a retest of the March 23 lows is on its way. But Michael Wilson, chief U.S. equity strategist at Morgan Stanley, believes markets are simply consolidating their recent gains and preparing to resume their […]

President Trump’s chief economic adviser Larry Kudlow said Sunday that the U.S. economy could see a historically high growth rate in 2021 despite the current economic contraction caused by the coronavirus. “President Trump cut taxes and regulations for middle-income folks, better trade deals, boosting the energy system, that worked. We had terrific growth in earlier years, even the […]