Stock futures add to market gains, reopening strategy eyed

Stock futures add to market gains, reopening strategy eyed

Stock futures added to the regular session’s gains on Tuesday evening, indicating a higher opening when Wall Street begins Wednesday’s trading, as investors continue to price in the possibility of more states relaxing restrictive stay-at-home orders that have decimated U.S. economic growth. Wall Street ended a choppy session led by a strong rebound in oil […]
Disneyland Shanghai reopens May 11, other Disney parks remain closed

Disneyland Shanghai reopens May 11, other Disney parks remain closed

Disney (DIS) reported earnings on Tuesday for its second quarter, encompassing February, March, and April, and as expected, the results showed a major hit from coronavirus: $1.4 billion in total lost revenue, $1 billion of it from the parks division. The company beat...
The housing market ‘bottom is pretty much now’: Zillow economist

The housing market ‘bottom is pretty much now’: Zillow economist

For housing, the future looks bright. Early metrics suggest that the housing market has turned a corner from mid-April lows, and Zillow predicts a steady recovery for U.S. home sales.  “We do expect sales to fall anywhere from 50% to 60% from those [pre-pandemic]...