Stock Pick

  • The U.S. may be undercounting COVID-19 cases by a massive margin: Goldman

    The U.S. may be undercounting COVID-19 cases by a massive margin: GoldmanYahoo Finance’s Ethan Wolff-Mann joins Seana Smith to explain why Goldman Sachs is warning the U.S. may be undercounting coronavirus cases by a massive margin, after the crushing jobs numbers last Friday pointed to 20.5 million fewer payrolls in April compared to March.

    from Yahoo Finance https://ift.tt/2LlSXzS

  • Luckin Coffee sacks CEO, COO for alleged fraud

    Luckin Coffee sacks CEO, COO for alleged fraudLuckin, a major rival to Starbucks in China, revealed in April that much of its 2019 sales of about 2.2 billion yuan ($310.77 million) were fabricated by its COO and other employees, who had been suspended while the company carried out its investigation. Jenny Zhiya Qian and Jian Liu, who were CEO and COO respectively, will also exit the company’s board. Meanwhile, Luckin’s chairman, Charles Zhengyao Lu, and Qian handed over shares in the coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan.

    from Yahoo Finance https://ift.tt/2YUTsZw

  • U.S. natgas output, demand to fall in 2020, 2021 due to coronavirus

    from Yahoo Finance https://ift.tt/3bnuWDb

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