US stocks closed mixed on Friday, but the Dow Jones industrial average still posted its best week since the five-day period ended April 10.
Investors were encouraged throughout the week as all 50 states relaxed some of their coronavirus-induced lockdown restrictions ahead of the Memorial Day weekend.
Stocks slumped in early trading following signs that China's economic recovery may be more fragile than hoped.
Tensions between the US and China flared again after Beijing said it would impose new n
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-
Dow posts best week since early April as investors look to economic reopening
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Michael Gayed's fund relied on just one market signal to book a huge profit when the coronavirus crushed stocks — and his returns are still soaring. He breaks down his simple approach to crisis investing.
Michael Gayed's ATAC Rotation Fund is always playing pure offense or pure defense based on just one market signal.
Gayed shifted all of his assets to bonds in January, before the coronavirus pandemic tanked stocks and sent bond prices soaring.
He shifted back to stocks in early April as equities began to rally.
Combined, he's returned 36% to investors based on those moves, crushing most other tactical funds.
Visit Business Insider's homepage for more stories.Michael Gayed says he doesn't have to -
Anthony Fauci warns of 'irreparable damage' if lockdowns are kept in place for too long
Dr. Anthony Fauci said in a CNBC interview on Friday that extended lockdowns could cause "irreparable damage."
"We can't stay locked down for such a considerable period of time that you might do irreparable damage and have unintended consequences, including consequences for health," Fauci said.
Treasury Secretary Steven Mnuchin told the Senate earlier this week that there was a risk of "permanent damage" to the economy if states kept strict restrictions in place.
Visit Business Insider's homepag -
Facebook's remote-working plan is doomed
Hello, everyone! Welcome to the next edition of Insider Today. Please sign up here.
Note we'll be off Monday for Memorial Day. Enjoy your weekends, everyone.BLODGET & PLOTZFacebook's remote-working plan is doomed
Silicon Valley, which adopts fads like it's a tween, has found a new one. The day before pandemic, the Valley was salivating over the Apple campus, goggle-eyed at Airbnb's conference rooms, passionately arguing whether the kombucha was better on the marketing floor or the engi -
Dow falls 100 points amid signs of a sluggish economic recovery in China
US stocks edged lower on Friday following signs that China's economic recovery may be more fragile than hoped.
China's government did not set an annual economic target for the nation for the first time in decades because of the coronavirus pandemic.
Oil prices slumped as much as 9% amid broader risk-off sentiment.
Tensions between the US and China flared again after Beijing said it would impose new national-security legislation for Hong Kong.
Read more on Business Insider.
US stocks edged lower -
Power Line: Shady solar ads — Oil's swift recovery — Pro-tips for energy investing
Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.
Here's what you need to know:Want to get this newsletter in your inbox every Friday? Sign up here.
Most of our content is available to BI Prime subscribers. Click here for 20% off.
Got a tip or feedback about this newsletter? You can reach us at [email protected]. Memorial Day weekend is here. Oil markets are swiftly recovering. My radishes have finally sprouted! See, w -
A wildly popular oil ETF has been cut off by its broker from buying futures, limiting its ability to meet its investment objective (USO)
USO — an oil exchange-traded fund that's wildly popular with traders — has been cut off from buying oil futures contracts after a surge in volatility saw oil prices turn negative last month.
RBC Capital Markets has informed United States Commodity Funds, the operator of the USO ETF, that they may no longer hold positions in or buy oil futures contracts until further notice, according to a Thursday SEC filing made by the ETF.
As a result of RBC's actions, USO says it may hold la -
Moderna climbs 5% as Fauci calls its early COVID-19 vaccine data 'quite promising' (MRNA)
Dr. Anthony Fauci made a series of positive comments about Moderna's early COVID-19 vaccine data in interviews on Thursday night and Friday morning, sending shares higher by more than 5% on Friday.
Fauci told NPR on Friday morning that Moderna's data was "quite promising."
Fauci told CNN on Thursday that he was "cautiously optimistic" about Moderna's vaccine candidate.
Moderna on Monday outlined encouraging data from a phase-one trial of its COVID-19 vaccine candidate, sending shares soaring to -
Publisher shift from cookies gathers pace
As The New York Times announces a shift from the use of third-party to first-party data, smaller publishers are having to consider how they can best navigate a cookieless future. -
Mobile ads display resistance to COVID-19 impact
Mobile advertising was much less affected by the coronavirus pandemic when compared to desktop advertising during the first three months of 2020, according to PubMatic. -
Klarna builds its brand in Australia despite restrictions
Klarna, the Swedish fintech that specialises in buy-now, pay-later flexible options, launched in Australia at the end of January just as the Covid-19 pandemic was spreading across APAC, yet – undaunted – the company has continued to build its... -
Alibaba pours $1.4bn into its smart speaker offering
Chinese e-commerce giant Alibaba will invest RMB10bn (US$1.4bn) this year on building up its artificial intelligence and Internet of Things (IoT) capabilities that will be centred around its smart speaker Tmall Genie.
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