We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]
Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
The Bank of England and Britain’s finance ministry launched a scheme on Tuesday to purchase debt known as commercial paper issued by companies hit by the coronavirus.
Christine Short, Tip Ranks Vice President of Market Research joins Yahoo Finance’s Zack Guzman and Akiko Fujita on The Ticker to discuss Trump’s stimulus proposal to counter COVID-19. …read more […]
Uber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus.
In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system.
The FDA has now approved two methods of testing swab samples, with several more in queue. …read more […]
Terry Booth, the founder and one-time CEO of Aurora Cannabis (ACB), has just sold 12.2 million shares of the company he once ran — a development, says Jefferies analyst Owen Bennett, that is “not great for sentiment” about the stock.You don’t say!As Aurora announced in a press release Monday, “Terry Booth has filed a report on the System for Electronic Disclosure by Insiders (SEDI) regarding his sale of approximately 12,161,900 shares into the open market … in connection with the previously announced transition of Mr. Booth’s role within the Company.” The transition in question being, of course, Booth’s resignation as …read more […]
While many investors are looking to buy low, others are looking for stocks on the rise.
The past month has been unprecedented. The Coronavirus (COVID-19) outbreak has created much uncertainty for investors. JPMorgan’s Bram Kaplan told clients Monday that “The Covid-19 pandemic sparked the fastest reassessment of equity market fundamentals and risk in the last 30 years.”
And while state and federal support teams struggle to fight the clock, stocks continue to fall. However, despite the doom and gloom, the Dow has seen a nice uptick today of 3.53%.
Since the market started declining, we’ve continued to deliver the latest and greatest investment …read more […]
The rapid onset of COVID-19 has had major implications on global health and wealth.
Today, Nicholas Vardy shares the key takeaways – good, bad and ugly – that we should all understand.
Like many of you, I spent much of the weekend learning about the COVID-19 virus and its implications for financial markets.
It turns out that experts – from Bill Gates to the world’s leading epidemiologists – knew a global pandemic was inevitable.
Today, I want to provide three insights I gained on the current pandemic.
The Good…
My wife is a clinical psychologist. She taught me the critical idea of a “mental reframe” – …read more […]
The stock market needs a big fiscal relief plan due to the severity of the coronavirus outbreak. …read more […]
The United Auto Workers said Tuesday it had asked Detroit’s Big Three workers to shutdown all U.S. plants for two weeks in the wake of the coronavirus outbreak.
U.S. retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the months ahead, which could strengthen economists’ expectations of a consumer-led recession by the second quarter.
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