Cramer says his most trusted indicator 'makes me concerned' about the market's trajectory
Stocks on Wall Street have reached levels that are "too hot" for Jim Cramer's liking.
Stocks on Wall Street have reached levels that are "too hot" for Jim Cramer's liking.
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.
Oil prices jumped on Thursday, extending steep gains in the previous session on signs the U.S. crude glut is not growing as quickly as expected and that gasoline demand battered by COVID-19 restrictions is starting to pick up.
Millions more Americans likely filed claims for unemployment benefits last week, but the tide appears to be slowing, offering cautious hope of a peak in job losses from business closures and disruptions because of the novel coronavirus.
Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantically scouring the terms to see just what firms can get away with to survive the fallout.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China.
Carlsberg said on Thursday sales fell 7% in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.
Virgin Australia Holdings Ltd's administrators said on Thursday they had given eight potential buyers access to a data room and were negotiating with another 12 about doing so as they seek to sell the country's second-biggest airline by end-June.
The chairman of Wirecard's supervisory board, Thomas Eichelmann, voiced support for the German payments company's chief executive, Markus Braun, despite controversy over previous months, according to an interview with a German newspaper.
European planemaker Airbus is in talks with the French state regarding possible aid for the company, one of many in the transport sector to have been hit hard by the coronavirus crisis, said Airbus Chief Executive Guillaume Faury on Thursday.
Royal Dutch Shell cut its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme on Thursday following the collapse in global oil demand due to the coronavirus pandemic.
Reckitt Benckiser Plc on Thursday forecast better than previously anticipated results for 2020 after reporting record quarterly sales growth as customers stocked up on its Lysol disinfectants, Mucinex cough syrup and Dettol soap in coronavirus lockdowns.
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support needed due to the coronavirus crisis, it said on Thursday.
Thai Airways International PCL aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.
The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.