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12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. 2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high 3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, 2020, as COVID-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war Since 3/24/2020: S&P 500 recovers 80% from the lows seen on Mar 23, 2020, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system. In contrast, here’s how CNK stock and the broader market performed during the 2007/2008 crisis. ....
A judge denied several motions to dismiss the felony cases of a woman who has been in jail for just over four years awaiting trial related to a 2016 Harker Heights kidnapping. The defense attorney for Bobbi Battishia White, 41, filed three motions to dismiss the felony charges of aggravated kidnapping, injury to a child and interference with child custody, alleging that Whiteâs rights to a speedy trial have been violated and that her health is deteriorating due to a chronic medical condition. âWeâre asking the court to sign an order dismissing all of these cases because of her rights to a speedy trial,â said defense attorney Austin Shell during the remote hearing on Monday. âYou canât keep someone in jail without a trial for this many years in the State of Texas.â ....
Cinemark is reopening movie theatres in locations across Los Angeles with the necessary health and safety protocols. Cinemark (CNK) said that more than 10 theatres reopened on March 13, and it will continue the reopening of theatres through March 15. This means that nearly 90% of Cinemark’s U.S. circuit will be open by March 15. Furthermore, the company said that California theatres will reopen after the release of local guidance. Cinemark’s CEO Mark Zoradi said, “Los Angeles is one of the most meaningful moviegoing markets in the world.” He added, “With an extensive list of blockbusters set to release in the coming months and nearly 90 percent of our U.S. circuit open, there is no better time to get back to the theatre.” (See Cinemark Holdings stock analysis on TipRanks) On March 1, Wedbush analyst Michael Pachter maintained a Buy rating and a price target of $28 (16.6% upside potential). In a note to investors, the analyst said, “Cinem ....