U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavirus epidemic, resurrecting the second 2008 financial crisis-era backstop in less than a day.
Than U.S. President Donald Trump’s administration pushed lawmakers to send money directly to Americans to counter the economic toll of the coronavirus outbreak, as the Senate weighed a multibillion-dollar emergency bill passed by the House of Representatives.
This stock market panic has served up some of the best bargain opportunities that we have seen in at least a decade.
The problem is that everything is happening so fast in the financial markets that it is hard to know what to focus on.
I can help with that. I’ve got a blue chip bargain stock for you today that currently offers a whopping total shareholder yield of more than 26%!
Two years from now, people are going to be kicking themselves for not buying this stock today.
This Is Definitely a Crisis, but It Isn’t a Financial Crisis
The share prices of American …read more […]
Miners shuttered or wound down operations in Peru on Tuesday and were girding for extended supply chain disruptions in neighboring Chile as governments tightened restrictions to try to slow the spread of the coronavirus in the resource-rich region.
U.S. House Speaker Nancy Pelosi told the CEOs of U.S. airlines on Tuesday that Democrats agree on the need for “big immediate action” to boost the sagging U.S. aviation industry but have not reached agreement on what a bailout would look like.
Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about how the central bank might help small and medium-sized businesses, policymakers said on Tuesday.
Investors are eager to see if Wall Street can sustain a rally sparked by the Trump administration’s massive anti-coronavirus stimulus. …read more […]
The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday’s steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
The U.S. Federal Reserve moved again late on Tuesday to broaden the flow of credit in response to the coronavirus epidemic, saying it would offer short-term loans to the two dozen Wall Street primary dealers who are important conduits for the sale of a broad range of bonds and other financial assets.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.
Do you remember the Trade of the Day from February 24?
It was titled “My Top Coronavirus Picks.”
My recommendation that day was simple. I recommended War Room members buy Clorox (NYSE: CLX).
Those who followed that advice wrote me this afternoon – telling me how much money they made.
As you’ll see, the profits are mind-blowing…
One member made out like a bandit with a 592% gain, while another member made a whopping 161%!
“My CLX $185 ca11 yesterday for $2.63 is up to $18.20 – continue cleaning, America!” – M.P.
“CLX April 17 $185 in yesterday at $8.40, out today $21.95.” – R.M.
My point of …read more […]
SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to regulatory investigations of the office sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand due to the coronavirus.
The S&P 500 rose 6% on Tuesday, recouping half of the previous session’s historic sell-off, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage in other limited banking activities.
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