Detroit automakers take market share as consumers flock to pickup trucks amid coronavirus outbreak

Consumers flocked to pickup trucks with 0% financing offers and deferred payments amid the coronavirus pandemic, even as overall auto sales plummeted last month. The Big Three Detroit automakers took their biggest share of the market last week since 2006, according to J.D. Power. the combined market share of General Motors, Ford Motor and Fiat […]

Stock market suffers another downturn – Jim Cramer and others weigh in

Stock markets returned to red to begin the second quarter.  The stock market fell on Wednesday as coronavirus fears stretched on. The Dow Jones Industrial Average and the S&P 500 were both nearly 4% lower by mid-afternoon.   Here’s what four market experts have to say.  Focus on ‘good franchises’  Jim Cramer, host of CNBC’s “Mad Money,” says circumstances will improve and investors […]

‘Selling fatigue’ has kicked in, but the capitulation and stock-market bottom may be yet to come, strategists says

As coronavirus cases surge “selling fatigue” may have set in among investors but the stock-market bottom could be yet come, UBS strategists said. The Dow Jones Industrial Average DJIA, -1.83% had its best week since 1938 last week, after several historically bad weeks. The index made more gains on Monday despite warnings the U.S. coronavirus […]