“We are reopening, and we are not reopening in a perfect way.” elerianm says we’re going to learn a lot during the “rocky restart” over the coming weeks.
in the past month to 300 million from 200 million. The company reported about 10 million daily users in December. "Clearly the Zoom platform is providing an incredibly valuable service to our global users during this challenging time," Yuan said. —The Federal Reserve's programs aimed at keeping financial markets running smoothly have injected about $86 billion so far into the system.
that he would step down on July 1. Chief operating officer John Stanker will ascend to the top job. Stephenson's retirement was not unexpected, but he previously said he planned to stay on through at least the end of 2020. Stephenson will stay on as executive chairman until January. Shares of the telecom giant were trading 0.6% higher on Friday morning.
for a third straight month as people weigh the coronavirus pandemic and the possibility of an economic re-opening, data released Friday by the University of Michigan showed. The consumer sentiment index fell to 71.8 in April from 89.1 in March. Economists polled by Dow Jones expected a print of 67. That decline comes after a sharp drop in current economic conditions. —StifelJMP upgraded Expedia to market outperform from market perform.
Shortly after the opening bell, stocks' rally lost steam. The Dow Jones Industrial Average was up about 20 points. The S&P 500 and Nasdaq went negative. —U.S. equities opened Friday in the green, with a gain of 180 points for the Dow Jones Industrial Average. The S&P 500 rose 0.68% and the Nasdaq Composite rose 0.44%. Stocks were helped by a rebound in oil prices after their unprecedented sell-off.
Spending for everything from laptops to software, IT services and cabling was up 100% in March, presumably as companies shifted work from offices to homes and moved more of their own businesses. —The S&P 500 is down 2.5% this week, gone nowhere for the past two weeks. Bears are arguing the current economic climate is not enough to justify the S&P 500 at the 2,800 level and that the economy is signalling a much bigger slowdown than stocks are pricing in.
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