News
Spirit Airlines Adopts Poison Pill Provision After Coronavirus Stock Selloff
Spirit Airlines (NYSE: SAVE), which has lost 76% of its market cap over the past year, said on Monday that it has adopted a so-called poison pill to block any unsolicited attempts to take it over.
Better Buy: Disney vs. Netflix
Entertainment has never been as important as it is right now, and this should (in theory at least) be a prime time for Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX) to shine. Disney is the global
McDonald's Waives Delivery Fees for Uber Eats, DoorDash
McDonald's (NYSE: MCD) had been investing heavily in delivery well before the coronavirus temporarily changed how Americans live. That timing was fortuitous as the restaurant chain has the capacity
Google Cancels Its Popular April Fool’s Jokes for 2020
Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) doesn't think the coronavirus is a laughing matter, so its Google division is cancelling its annual April Fools' pratfalls "out of respect for all those
Dollar General Offers 10% Discount to Healthcare Workers and National Guard
Dollar General (NYSE: DG) is offering a 10% discount to healthcare workers, first responders and National Guardsmen at all of its approximately 16,300 locations in the U.S. The discount is available
How Lululemon Will Outlast the Coronavirus
The retail world has gotten hit by the coronavirus storm, and lululemon athletica (NASDAQ: LULU) hasn't been immune from its effects. With the COVID-19 outbreak spreading around the world, Lululemon
Microsoft Will No Longer Make Minority Investments in Facial Recognition Tech
Microsoft (NASDAQ: MSFT) is drawing a line in the sand when it comes to facial recognition technology. On Friday, the company announced it was divesting its stake in a facial recognition start-up
Simon Shows Its Strength in the Time of Coronavirus
As if the retail apocalypse weren't a big enough headwind for mall owners like Simon Property Group (NYSE: SPG), we now have social distancing and mandatory shutdowns in response to the COVID-19
American Outdoor Brands to Write Down $81 Million of Outdoor Segment Goodwill
American Outdoor Brands (NASDAQ: AOBC) is taking a huge, non-cash impairment charge against the goodwill it carries for its outdoor segment as the coronavirus pandemic caused major retail customers
Laid Off During the COVID-19 Crisis? 4 Things You Can Do to Boost Your Job Prospects
Americans have been losing their jobs left and right due to COVID-19, with unemployment claims coming in so fast they're crashing online systems and leaving filers scrambling and frustrating. And
2 Coronavirus Recession-Resistant Stocks to Consider Buying Now
As of Friday, the COVID-19 coronavirus pandemic has caused the S&P 500 index to plunge nearly 25% since reaching its all-time high on February 19. Investors are naturally concerned that the fallout
Better Buy: Sociedad Quimica y Minera vs. ConocoPhillips
Sociedad Quimica y Minera (NYSE: SQM) is down roughly 33% from its highs in 2020, while ConocoPhillips (NYSE: COP) is off by roughly 50% at the time of this writing. The market is in the middle of a
Carnival’s Cunard Line Adds Another Month to Its Cruise Pause
The financial impact of the COVID-19 pandemic continues to mount for cruise line powerhouse Carnival (NYSE: CCL). The company's Cunard subsidiary said on Monday that it is extending the suspension
Mortgage Bankers Facing Wave of Margin Calls
Recent intervention by the Federal Reserve is now triggering a wave of margin calls by broker-dealers who sold hedges to mortgage bankers, according to a letter the Mortgage Bankers Association
Yum! Brands Issues $1,000 Bonuses to Restaurant Managers
On Monday, Yum! Brands (NYSE: YUM) announced new efforts aimed at supporting its employees during the COVID-19 containment efforts now gripping the U.S. economy.
The restaurant chain, which operates
Johnson & Johnson to Begin Testing a Coronavirus Vaccine in Humans by September
Johnson & Johnson (NYSE: JNJ) announced Monday that it expects to begin clinical testing in humans evaluating its lead coronavirus vaccine candidate by September 2020 at the latest. It stated
Carvana Announces $600 Million Registered Direct Offering
Carvana Co. (NYSE: CVNA), a well known e-commerce platform for buying and selling used cars, announced a registered direct offering of 13.3 million shares of Class A Common Stock. Shares are being
Amazon Takes Steps to Keep Up with Grocery Delivery Demand
Amazon (NASDAQ: AMZN) has struggled to keep up with increased demand on its grocery delivery services due to coronavirus keeping many people confined to their homes. The retailer offers same-day
Cheesecake Factory Furloughs 41,000 Hourly Workers, CEO Takes Pay Cut
Cheesecake Factory (NASDAQ: CAKE) has furloughed 41,000 hourly workers due to the impact of the coronavirus. The furloughed workers will keep their benefits through June 1. They will also be
4 Reasons Drug Stocks Are a Buy Right Now
The emerging coronavirus pandemic highlights the world's dependence on pharmaceutical and biotech companies to produce drugs and vaccines to help overcome all types of illness. This outbreak may
Weekly Cannabis Stock News: Coronavirus Recovery?
Marijuana stocks rose at the end of last week, beating most top-share market indexes, quite dramatically in certain cases. Why the sudden and sharp rise? It seems to be down to two major factors.
Roku Offering Month of Free Service to 20 Premium Channels During Pandemic
Roku (NASDAQ: ROKU) is offering 30 days of free access to a collection of over 20 premium channels on its platform through its Home Together initiative it launched last Friday.
With viewers locked
Disney Theme Parks Staying Closed
Some industries are getting hit harder than others during the COVID-19 pandemic, and one of the worst is the vacation and tourism space. Revenue for resorts, hotels, and theme parks is in stall mode
Microsoft Sees a 775% Spike in Cloud Services in Regions With Social Distancing
Online infrastructure is under strain as more people work from home and practice social distancing. One industry that is benefiting from this is cloud services. Microsoft (NASDAQ: MSFT) is seeing a
3 Stocks Cracking the 4% Yield Ceiling
Yields may be falling on fixed income investments, but cascading share prices find stock yields going the other way. There are now plenty of stocks yielding more than 4% that could deliver capital