$SBUX Compare the restaurant apocalypse, to the news coming out of the coffee shop landscape and here is what we see… The scene across much of the American coffee industry right is grim. Cafes nationwide are closed or operating at limited capacity, baristas are furloughed, laid off outright, or working with significant reductions in hrs. […]
$DIS, $SNE, $CMCSA, $LGF If theaters are closed for 3 months, domestic grosses may struggle to hit $7-B, a 20-year-plus low. By 3 April, the greatest calendar migration in the 100-year-plus history of the movie business was complete as virtually all major summer tentpoles relocated amid the coronavirus pandemic in a mega-game of dominoes that […]
The US financial markets will be closed on Wednesday, New Year’s Day, and will reopen Thursday, at their regular hours 2 January 2020. Happy New Year!
The 2nd in a wave of powerful storms is hammering California Saturday, shutting Key highways after water and mud rushed into lanes from bare hillsides in wildfire burn areas where thousands of residents were under evacuation orders. Flash flood warnings were issued for huge swaths of Southern California and forecasters said the system brought more […]
$MTAFF, $GLD, $SLV Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announce Friday that the Company has sold an additional 4,172,358 units of the Company at a price of C$0.78 per Unit for additional gross proceeds of approximately C$3,254,439. With the closing of this 2nd tranche on 4 January 2019and the 1st […]
$DJIA, $SPY, $QQQ, $RUTX, $XRT, $AMZN, $VXX The S&P 500 rallied 5.0% Wednesday from extremely oversold conditions Rebounding Crude Oil prices, strong holiday sales, and some short covering drover the S&P 500 to its best 1-day gainer since March 2009. The Dow Jones Industrial Average gained 5.0%, the NAS Comp gained 5.8%, and the Russell 2000 […]
US Jobless Claims Fall, US Stocks Soar $DIA, $SPY, $QQQ, $VXX Markets in the US and Europe will be closed tomorrow for Good Friday and some world markets will also be closed on Monday. Oversold technology shares bounced Thursday, leading a broad rally on Wall Street, as investors kicked off the extended Easter weekend on […]
Nor’easter Update: Atlantic Coast Hammered, 5 People Killed by Falling Trees A Nor’easter pounded the Atlantic coast with hurricane-force winds and sideways rain and snow Friday, flooding streets, grounding flights, stopping trains and leaving 1.6-M customers without power from North Carolina to Maine. At least five people were killed by falling trees The storm submerged cars […]
Food Crisis Hits Chipotle Mexican Grill (NYSE:CMG) Shares Dive $CMG Chipotle Mexican Grill Inc. (NYSE:CMG) suffered its worst stock decline in 7 months after a suspected norovirus outbreak at 1 of its restaurants threatens reignite the company’s food-safety crisis. The chain closed a location in Sterling, Virginia, Monday after a “small number” of illnesses were […]
US Stocks Mark New Records, S&P 500 Up 4 Weeks Running $DIA, $SPY, $QQQ, $VXX Stock indexes marked record highs again Friday, after a late-afternoon drive erased losses from earlier in the day. It caps the 4 straight week of gainers for the Standard & Poor’s 500 index. Reports through the week showed that the […]
The Week Ahead on Wall Street $UNH, $GS, $AXP, $IBM, $GE The US financial markets will be closed on Monday in observance of Martin Luther King Jr. Day. President Elect Donald Trump will be inaugurated on Friday, 20 January. Official Q-4 earnings season is underway, with 35 members of the S&P 500 scheduled to report […]
Hurricane Matthew Forces Closing of South Florida Cinemas $AMC, $RGC A majority of cinemas in the Miami area will be closed Thursday night, while theaters along the coastal area south of the city may be shuttered all day. Numerous theaters in South Florida including in Miami will be closed Thursday because of Hurricane Matthew, the […]