Luckin Coffee, a fast growing Chinese coffee chain, fabricated more than $310 million worth of sales--is this a good time to buy the stock of Luckin Coffee Now? #FinanceED #RobinhoodInvesting #coronavirus #stockmarket In tonight's edition of the Nightly Business Review we look at the stocks that have crashed the most; and, ask the question: is this a good time to buy stocks now? We look at the major stock market ETFs, indexes, and look at the major holdings at Robinhood and Fidelity. How do we protect our investments; and, how do we navigate the coming recession? How is this current stock market crash, similar to the chaos of the 2008 credit crisis; and, what will the Federal Reserve do?
Let's learn and understand these major developments in the global equity markets!
Stocks Covered in Today's Episode:
SPDR S&P 500 ETF Trust NYSEARCA: SPY
Dow Jones Industrial Average INDEXDJX: .DJI
S&P 500 Index INDEXSP: .INX
SBUX
LK
alibaba
Federal Reserve
From CNBC and Bloomberg: "The preliminary investigation found that almost half of the company's roughly $732 million in sales last year had been fabricated by Luckin COO Jian Liu. Luckin Coffee shares plummeted more than 84% on Thursday morning."
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