Tuesday 28 April 2020

Daily Investor Update: Wells Fargo's relationship with NRA is 'declining': CEO

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Wells Fargo's relationship with NRA is 'declining': CEO

Wells Fargo & Co's relationship with firearm lobbying group the National Rifle Association is "declining," Chief Executive Charles Scharf told investors on Tuesday.

White House official warns of negative shocks before rebound later in 2020

Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a "very grave" negative shock.

Millions of Americans locked out of unemployment system, survey finds

Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.

Forget 2020: stock market optimists look at 2021 for buy signals

Shrugging off reams of terrible economic data, plunging oil prices and dire corporate results, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.

U.S. appeals court asks why Facebook encryption order should stay sealed

Federal appeals court judges asked prosecutors on Tuesday why a lower court could seal a ruling that absolved Facebook from having to wiretap a criminal suspect using one of the company's encrypted services.

Boeing 737 MAX expected to remain grounded until at least August: sources

Boeing Co's grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software issues, people briefed on the matter told Reuters.

Brent settles higher on easing lockdowns, U.S. crude falls amid storage shortage

U.S. crude prices settled lower on Tuesday, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic.

JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports

Delta Air Lines , JetBlue Airways Corp and Spirit Airlines on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports.

Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stock markets across the globe managed to rise on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of investor jitters.

Toilet paper trophy hunters on a roll as U.S. shortages start easing

U.S. consumers have begun spotting rare Quilted Northern and Charmin toilet paper rolls on store shelves across the United States, as stocks start building after weeks of severe shortages.

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