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Stocks to Start Week With Caution After Big Rally: Markets Wrap

(Bloomberg) — Stocks in Asia were likely heading for a cautious start Monday after the best week since mid-December, with investors continuing to monitor the rising coronavirus death toll. Currencies were largely steady in early trading.The S&P 500 Index fell along with Treasury yields on Friday, when futures on equities in Hong Kong and Japan declined. Australian contracts were flat. Investors are taking stock of a large rally that last week propelled global stocks back to all-time highs. Meantime, the coronavirus has now killed more people than SARS and a cruise ship in Japan with 70 victims has the most …read more […]

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Amazon pulls out of major Barcelona telecoms conference over coronavirus

BERLIN/MADRID (Reuters) – Amazon.com Inc has pulled out of this month’s Mobile World Congress because of the coronavirus outbreak, in another blow to one of the telecom industry’s biggest gatherings which attracts over 100,000 visitors to Barcelona. “Due to the outbreak and continued concerns about the new coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress 2020,” the company said in a statement on Sunday. Amazon had planned a significant presence through its cloud computing arm AWS, which was due to host a full-day conference track on the first day of the event. …read more […]

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3 Compelling Stocks to Catch on Possible Recession

This past Friday, February 7, the Bureau of Labor Statistics released the January jobs numbers – and the results were gangbusters. With 225,000 new jobs reported, it was the greatest increase in almost five years. Other data confirmed the numbers: there was a significant increase in workforce reentrants, the labor force participation rate increased to 63.4%, its highest level in almost seven years, and wages increased at an annualized rate of 3.1%, well ahead of inflation.While the jobs report was solid, there were also a few warning signals. Manufacturing jobs declined, and saw a drop in overtime hours reported. The …read more […]