U.S. headed for a ‘depression’: economist
Business Posted Actions taken by the Fed and the government suggest the U.S. economy is headed for a depression, says Spartan Capital Securities chief market economist Peter Cardillo. But he says it' ...
Coronavirus clouds Intel outlook, despite short-term bump
Business Posted Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it could not make a forecast for the full year ...
For SoftBank’s Son, vision turns into illusion
Business Posted SoftBank founder Masayoshi Son's dreams of a global tech empire are unraveling, as the ongoing global crisis compounds losses at his $100 billion Vision Fund and his big bets on start ...
Sit and wait on stocks: trader
Business Posted Vespula Capital CEO and trader Jeff Tomasulo says he's sitting on the sidelines until he gets more clarity on the outlook for the pandemic, oil, and corporate earnings. Featured B ...
Stocks will face another down leg: advisor
Business Posted Stocks haven't bottomed; they are still stuck in a bear market rally despite the recent rebound, and they'll head lower in the second quarter, says wealth manager Loreen Gilbert of We ...
Amazon uses thermal cameras at warehouses
Business Posted Amazon.com has started using thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, Reuters has learned. Fred Katayam ...