• H&R Block (HRB) Down 42.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    H&R Block (HRB) Down 42.7% Since Last Earnings Report: Can It Rebound?

    H&R Block (HRB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • EBay (EBAY) Gains As Market Dips: What You Should Know
    Zacks

    EBay (EBAY) Gains As Market Dips: What You Should Know

    EBay (EBAY) closed the most recent trading day at $29.41, moving +0.75% from the previous trading session.

  • Cisco Systems (CSCO) Dips More Than Broader Markets: What You Should Know
    Zacks

    Cisco Systems (CSCO) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Cisco Systems (CSCO) closed at $39.06, marking a -1.86% move from the previous day.

  • NIO Inc. (NIO) Flat As Market Sinks: What You Should Know
    Zacks

    NIO Inc. (NIO) Flat As Market Sinks: What You Should Know

    NIO Inc. (NIO) closed at $2.39 in the latest trading session, marking no change from the prior day.

  • ETFs to Gain on Cloud Computing Growth Amid Coronavirus Crisis
    Zacks

    ETFs to Gain on Cloud Computing Growth Amid Coronavirus Crisis

    Cloud computing comes to the rescue as countries practice social distancing, making people work remotely to contain the coronavirus outbreak.

  • Cisco's Webex draws record 324 million users in March
    Reuters

    Cisco's Webex draws record 324 million users in March

    Webex and rival meeting platforms from Zoom and Microsoft Corp's Teams are being used worldwide to host everything from virtual classrooms and business meetings to church services, as people stay at home to restrict the spread of the pandemic. It was, however, not clear if the number was comparable with Cisco's due to the different ways the companies calculate meeting attendees.

  • GBP/USD Weekly Price Forecast – British Pound Pulls Back for the Week
    FX Empire

    GBP/USD Weekly Price Forecast – British Pound Pulls Back for the Week

    The British pound continues to see a lot of resistance in the 1.25 region, an area that is a large, round, psychologically significant figure and of course the 61.8% Fibonacci retracement.

  • GBP/USD Price Forecast – British Pound Falls Into the Weekend
    FX Empire

    GBP/USD Price Forecast – British Pound Falls Into the Weekend

    The British pound fell into the weekend, showing signs of overall weakness. After all, the jobs number was horrible in the United States, losing over 700,000 jobs, getting people to run for shelter.

  • GBP/JPY Price Forecast – British Pound Pulls Back Slightly Against Japanese Yen
    FX Empire

    GBP/JPY Price Forecast – British Pound Pulls Back Slightly Against Japanese Yen

    The British pound initially tried to rally against the Japanese yen on Friday but has pulled back just a bit as we continue to see consolidation. At this point, the market is likely to have to make some type of significant move.

  • Coronavirus-Led Volatility Rises: 5 High Earnings Yield Picks
    Zacks

    Coronavirus-Led Volatility Rises: 5 High Earnings Yield Picks

    Dodge the COVID-19 pandemic by investing in these high earnings yield stocks.

  • General Electric Stock Falls 4%
    Investing.com

    General Electric Stock Falls 4%

    Investing.com - General Electric (NYSE:GE) Stock fell by 3.92% to trade at $6.62 by 14:23 (18:23 GMT) on Friday on the NYSE exchange.

  • Cost-Control Efforts to Aid BNY Mellon (BK) Amid Low Rates
    Zacks

    Cost-Control Efforts to Aid BNY Mellon (BK) Amid Low Rates

    Cost-control efforts are expected to support BNY Mellon's (BK) bottom line to an extent. However, pressure on margins due to lower rates remains a woe.

  • GBP/USD Remains Within a Range Despite Notable Dollar Recovery
    FX Empire

    GBP/USD Remains Within a Range Despite Notable Dollar Recovery

    The British pound has been resilient this week and has held within a tight range relative to price action in prior weeks despite the dollar regaining upward traction.

  • What to Watch: Record EU PMI slump, markets fall, Primark pay cuts
    Yahoo Finance UK

    What to Watch: Record EU PMI slump, markets fall, Primark pay cuts

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Pound slides as UK economy 'sucked into black hole' by coronavirus
    Yahoo Finance UK

    Pound slides as UK economy 'sucked into black hole' by coronavirus

    Fears grow of one of the worst recessions in modern history, with almost a million people claiming universal credit in just a fortnight.

  • Retailers Wish You'd Be Back Shopping By Easter
    Bloomberg

    Retailers Wish You'd Be Back Shopping By Easter

    (Bloomberg Opinion) -- Donald Trump wasn’t alone in hoping everyone’s lives could get back to normal by Easter weekend.Retailers’ decisions to furlough hundreds of thousands of U.S. retail workers this week underscore that store closures are set to go on for much longer than initially anticipated. Closings in many major markets around the world will remain in place through next weekend and beyond, wreaking havoc with the prime spring shopping season.Hennes & Mauritz AB said on Friday that net sales fell by 46% in March from the year earlier. It expects a loss in its second quarter. The extended closures will now affect crucial pre-Easter shopping period, worth about $25 billion to U.S. retailers, according to GlobalData. While people may still indulge in filling their children’s baskets with chocolate eggs to create some holiday cheer in this difficult time, crackdowns on even the smallest of gatherings mean they won’t be planning big fancy meals, nor refreshing their bunny-and-chick-themed decorations.  What’s more, consumers can’t take advantage of the long holiday weekend in much of Europe to start shopping for the latest trends for summer. That’s a blow because it typically kicks off the period when consumers refresh their wardrobes, home decorations and gardens for the warmer months. If temperatures soar, that can normally set non-food retailers fair for the coming quarter.  From there, people’s diaries would typically be chock full with weddings, graduations and parties, plenty of reasons to update one’s wardrobe. But the novel coronavirus has radically changed all of that, eliminating pretty much any reason to dress for success. It’s estimated that half of couples planning weddings in the U.S. this year are looking to postpone them, according to data from the Wedding Report. The graduation season has been thrown into question. More than 80 U.S. colleges and universities have either canceled, postponed or been turned their 2020 commencement ceremonies into virtual gatherings. View this post on Instagram A post shared by Nordstrom (@nordstrom) on Apr 2, 2020 at 5:40pm PDTThat means everything from floral dresses to pastel hued shoes may have to be offloaded. Discounting to clear unwanted stock means the crisis is likely to last well into the second quarter, and possibly beyond.There’s another reason why the impact on may be bigger than initially feared: Some online demand has evaporated. Retailers have to ensure workers processing internet orders observe strict social distancing rules. So far British online fashion group Asos Plc, which generated 13% of its sales from the U.S., has kept its warehouses in Atlanta, Berlin and the U.K. open, albeit with longer delivery times. But rival fashion chain Next Plc has stopped taking online orders while it reconfigures its distribution centers. This would be in line with its worst case scenario of the business being closed for four weeks, cutting full-year sales by 1 billion pounds ($1.2 billion).No wonder store chains have shifted to cash preservation mode. H&M said it was taking a number of initiatives, from cutting working hours to seeking rent reductions, to try to cope. In the U.S., hundreds of thousands of staff are being temporarily laid off, with chains such as Macy’s Inc., J.C. Penney Co., Kohl’s Corp. and Gap Inc. halting pay for much of their workforce while preserving some benefits. The longer the hiatus in consumer spending, the more likely that some retailers and restaurants just won’t open their doors again. Others may decide to radically cut down on their brick-and-mortar locations. U.S. department stores, already grappling with the shift to online and mostly lackluster product selections, look particularly challenged.But even companies that do emerge relatively unscathed could find recovery just as demanding. Consumers who have kept their jobs will likely be eager to splash out on holiday and work attire when they’re finally able to move about freely and go back to the office, purchases they can fund with money saved during lockdown on everything from gym memberships and dining out.The question is whether any pent up demand will be enough to alleviate lost sales from those who have been temporarily laid off, or worse, made redundant. Individuals in fear of losing their jobs, or being forced to take pay cuts, are likely to save more. So consumer-facing companies need to brace themselves for a long haul.  It’s going to be some time before stores reopen, and even longer before they get back to any semblance of normality.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus: Ryanair expects €1bn profits despite 48% collapse in March traffic
    Yahoo Finance UK

    Coronavirus: Ryanair expects €1bn profits despite 48% collapse in March traffic

    The Irish budget airline said it would meet expectations for profit over the past year, but flight numbers are now at just 1% of normal levels.

  • Fears government can't stop 'meteor hitting planet business'
    Yahoo Finance UK

    Fears government can't stop 'meteor hitting planet business'

    Despite billions of pound of stimulus, the UK is facing a steep contraction in its economy.

  • GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues
    FX Empire

    GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues

    The pair is in the consolidation phase after the major move that happened last week.

  • Investing.com

    Dollar Still in Demand, For Now

    At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, rose above 100 for the first time in over a week to stand at 100.460, up 0.2% on the day and up some 0.6% on the week.

  • Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight
    FX Empire

    Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight

    Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…

  • TechCrunch

    Peloton launches an Android TV app

    With gyms across the country closed for business, at-home exercise companies like Peloton have found an unexpected opportunity. As the connected fitness company looks to onboard new customers, they're also expanding platform support, announcing today that they would be bringing their app to Android TV, the OS used by millions of smart TVs. Peloton has not been unaffected by the virus.

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