The novel coronavirus (COVID-19) outbreak has been affecting stock prices worldwide for the past few weeks. After Mar 9, which has been termed as the ‘Black Monday’, investors have not seen any respite in the free fall of the benchmark indices in major markets. The Korea Com
The fear of the novel coronavirus is gripping the whole world and adversely impacting the global economy. The pandemic continues to spread, with the total count of infected people reaching 220,206, out of which 8,982 people have lost their lives. Amid this situation, Utilities a
Investors often rely on the healthcare sector to safeguard their investments. This is because demand for healthcare services does not vary much with market conditions, and investments in the sector provide sufficient protection to the capital invested.
Darden Restaurants (DRI) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.
The U.S. housing starts took a step back in February after surging for trailing four months, thanks to sharp decline in the construction of multifamily housing units. Building permits also tumbled from 13-year high numbers reported in January. Nonetheless, both the metrics came
AbbVie Inc. ABBV has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABBV recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
Big pharma is "working around the clock" to fight the novel coronavirus pandemic. That was the first main point that Steve Ubl, president and CEO of the Pharmaceutical Research and Manufacturers of America (PhRMA), made in his comments in a teleconference on Wednesday evening o
What we're witnessing right now is truly unprecedented, both in mitigation response terms to the spread of coronavirus disease 2019 (COVID-19) and the roiling of financial markets around the globe.
Amid all the red numbers in the stock market during this coronavirus-fueled bear market are some stocks that are outperforming. Virtu Financial (NASDAQ: VIRT) is one of them. Virtu Financial is not just beating the market, it's obliterating it -- up more than 18% year to date t
Carnival (NYSE: CCL) shares have dropped more than 80% since the start of the year amid fears of coronavirus transmission on cruise ships. Though the pandemic is hurting the entire industry, Carnival has been the focus of attention since the illness spread to hundreds of people
(RTTNews) - European stocks rose from near-seven-year lows on Thursday after the European Central Bank (ECB) announced the launch of a €750 billion ($820 billion) emergency bond purchase scheme to soften the economic fallout from the coronavirus pandemic.
As COVID-19 continues to spread, many companies and organizations are encouraging their employees to work remotely. This also applies to a number of U.S. regulatory bodies, including the U.S. Food and Drug Administration (FDA). On Wednesday, the FDA announced that due to many of
(RTTNews) - Intercontinental Exchange Inc. announced that its affiliate New York Stock Exchange or NYSE will temporarily close equities and options trading floors in its efforts to stop the spread of COVID-19 pandemic.
(RTTNews) - Discount retail-chain Ollie's Bargain Outlet Holdings, Inc. (OLLI) is scheduled to report fourth-quarter results today, March 19, after market close.