Amid disease, riots and rising U.S.-China tensions, the stock market keeps it cool
- ‘At the end of the day, the market has no conscience.’ CNBC’s Jim Cramer: ‘Nobody is investing to make the world a better place’
- American investors who want to ‘do something’ about injustices are basically out of luck
- Opinion: If the market can’t provide the beneficial things society needs to save lives, give it a nudge
- Dow closes 267 points higher as Wall Street focuses on easing coronavirus lockdowns amid civil unrest
- Dow futures climb Tuesday evening after stocks shook off civil unrest to end at a 3-month high as ADP jobs report looms
Google sued for $5 billion over alleged privacy violations: report
Alphabet Inc.'s undefinedundefined Google is facing a potential class-action lawsuit claiming illegal privacy infringements that seeks at least $5 billion, Reuters reported Tuesday. The tech giant was sued Tuesday in federal court in San Jose, Calif., Reuters reported, and is accused of "covert and unauthorized data collection from virtually every American with a computer or phone." The suit reportedly says data is tracked by Google services even when users are in "incognito" mode, and seeks $5,000 in damages per user since June 1, 2016, for alleged violations of federal and state laws. A Google spokesperson told Reuters that the company would vigorously defend itself.
Democrats fail in effort to get Senate to condemn Trump for church photo-op
- Protesters say they have no choice: ‘Something has to give’
- Minneapolis activists thought progress was being made toward police reform — and then George Floyd was killed
- Some parents are slamming Nickelodeon’s George Floyd tribute for ‘scaring children’
- George W. Bush praises protesters who ‘march for a better future’
Military show of force at Lincoln Memorial draws outrage online
- Opinion: If President Trump does use the military to quell protests, he’ll likely rely on the same law used to aid the Civil Rights movement
- Opinion: Arming our police with more powerful weapons has led to more violence against Americans, ex-cop says
- Why the U.S. military is in an uncomfortable position
Stock-market investors are eager to rotate into unloved sectors, but they should look before they leap
- These 2 charts show why record-high stock valuations shouldn’t worry investors
- Opinion: Stock trading should be heavy this summer but bulls might not have their day in the sun
- Gun stocks rally as continued surge in background checks, street violence stoke demand
- The ‘ANTs’ came marching: How have active, non-transparent ETFs performed so far?
Opinion: Which of these 4 types you are reveals the risk you’ll take to shop, dine and socialize — without a coronavirus vaccine
- Opinion: State sales tax receipts plunge as much as 41% in April amid coronavirus shutdowns — and May could be worse
- ‘People probably aren’t going to react kindly or openly to being policed’: How to deal with someone who refuses wear a face mask
- Fauci ‘cautiously optimistic’ that effective coronavirus vaccine will be developed
China may sell Treasurys, but that doesn’t mean it’s ‘weaponizing’ its more than $1 trillion hoard of U.S. debt, says Deutsche Bank
- Opinion: A semiconductor ‘cold war’ is heating up between the U.S. and China
- Travel restrictions top list of worries for U.S. companies in China
- Why the stock market is due for ‘consolidation’ as Trump takes aim at China
- More Chinese yuan weakness ahead, but don’t look for repeat of 2019 market turmoil, says Goldman
If airlines keep the middle seat empty due to fears of coronavirus transmission, will air travel become more expensive?
- Walt Disney World cancels dining reservations and stops taking new hotel bookings ahead of planned July reopening
- ‘We need to balance sanity and risk:’ Is it safer to stay at a hotel or Airbnb during your summer vacation?
- As coronavirus closes public pools, inflatable kiddie-pool sales are surging — and many pool builders are back at work
The streaming wars are fierce. Is it ‘too little, too late’ for new combatants?
J.P. Morgan media analyst Alexia Quadrani points to potentially lower demand and the challenges of producing new content during a pandemic.
Your health insurance and retirement savings may get divorced from your employer in the coronavirus aftermath
COVID-19 has the potential to change retirement, for better and worse
Lyft says ride-hailing activity picked up in May and improves forecast, stock up 3%
Lyft Inc. undefined disclosed Tuesday afternoon that ride-hailing activity has picked up as COVID-19 restrictions have eased, and the company improved its forecast for expected second-quarter losses. Shares gained more than 3% in after-hours trading. Lyft admitted that it gave 70% fewer rides in May than it did in the same month last year, but said that rides increased 26% from April and were performing better in cities that have begun relaxing restrictions. "For example, rideshare rides increased 73% in Austin, 41% in Denver, 54% in Las Vegas, 59% in Miami, 64% in Nashville, 42% in New York City, 40% in Phoenix, 49% in Salt Lake City and 40% in Seattle in the month of May 2020 versus the month of April 2020," Lyft disclosed in a filing with the Securities and Exchange Commission. In response, Lyft said that adjusted Ebitda losses would not exceed $325 million, about 10% better than the maximum $360 million in highly adjusted losses the company predicted when it released quarterly earnings in early May.
Twitter names ex-Google CFO Pichette chairman
Twitter Inc. undefined on Tuesday named Patrick Pichette as chairman. Pichette, who was chief financial officer at Alphabet Inc.'s undefinedundefined Google, succeeds Omid Kordestani, another ex-Google exec. Kordestani, who stepped down as Twitter's executive chairman, effective June 1, will remain on the board as a non-employee director. Pichette has served as Twitter's lead independent director since Dec. 31, 2018. Twitter shares are flat this year. The broader S&P 500 index undefined is down 4.6% in 2020.
Genius Brands stock soars, after regaining Nasdaq compliance, stock offerings and spike in short interest
Shares of Genius Brands International Inc. undefined soared 53.4% on very heavy volume in afternoon trading Tuesday to the highest close since September 2017. Volume shot up to 166.4 million shares, well above the full-day average of 31.2 million, and enough to make the stock the most actively traded on major U.S. exchanges. The stock has rocketed about 13-fold (up 1,187.6%) in the past month, while the S&P 500 has gained 8.8%. The company is a kids media company, with shows including "Stan Lee's Superhero Kindergarten," "Rainbow Rangers" and "Llama Llama." The company has not immediately responded to a request for comment. After Friday's close, the company disclosed that it regained compliance with the Nasdaq's minimum bid price listing standard, and on Thursday the company disclosed a registered direct offering of 20 million shares of common stock to the public at a price of $1.50 to raise $30 million. That came less than two weeks after the company announced a registered direct offering of 7.5 million shares at $1.20 a share to raise $9 million. Separately, the latest data from Nasdaq showed that short interest, or bearish bets on Genius Brands' stock, jumped to a record of about 3.07 million shares according to FactSet, representing 7.5% of the public float.
