Major airlines sought a U.S. government bailout of more than $50 billion as the White House move urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand.
LATAM Airlines Group, the continent’s largest carrier, on Monday canceled 90% of its international flights as demand collapsed and countries shut down borders in light of the coronavirus outbreak, leaving the region increasingly isolated.
The market’s sell-off has put some solid stocks on sale, none more so than those in the embattled finance sector. Year-to-date, the BKX (KBW Nasdaq Bank Index) is down 43% compared to the S&P 500’s 24% downturn.Up until recently, Oppenheimer’s Dominick Gabriele has been recommending investors “take chips off the table,” but the extent of the pullback now presents opportunity.”Financials are cyclical, and this recent sell-off illustrates to us that, as we expected, investors still see them that way and will panic-sell them ahead of economic worries as they were a big part of the last recession,” Gabriele wrote. However, …read more […]
The global coronavirus pandemic and resulting market slump seem like an entirely new challenge for wealth builders.
But, as Alexander Green explains, this time really isn’t different.
Sir John Templeton was one of the greatest investors of the 20th century.
Founder of the Templeton Growth Fund, he didn’t just beat the market. He trampled it.
Forbes magazine described him as “one of the handful of true investment greats in a field crowded with mediocrity and bloated reputations.”
In 1999, Money magazine named him “arguably the greatest global stock picker of the century.”
Templeton is perhaps best known for almost single-handedly pioneering the field of global equity …read more […]
Uber Technologies Inc’s food delivery business, Uber Eats, said on Monday it would waive delivery fee for independent restaurants across the United States and Canada.
Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession.
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak.
Federal Reserve Chair Jerome Powell’s message in announcing a barrage of monetary policy and liquidity actions was clear: The U.S. central bank will use all the tools at its disposal to keep credit flowing through the U.S. and global financial system.
LATAM Airlines Group, the continent’s largest carrier, said on Monday it is canceling 90% of its international flights, in light of the coronavirus outbreak.
Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]
Two of Germany’s largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as they grapple with staff shortages and the spread of coronavirus.
Ariel Investments Vice Chairman Charlie Bobrinskoy joins On The Move to discuss how the markets are responding to the coronavirus outbreak and why he is optimistic there will be a turn around in a month. …read more […]
Disney is under scrutiny from investors with its stock under pressure as theme parks close and high-profile movie releases face delays. Bernie McTernan, Rosenblatt Securities Vice President, joins On The Move to discuss what Disney can do to turn things around in the midst of this pandemic. …read more […]
The economy is headed for a deep decline due to the coronavirus, says Deutsche Bank chief economist Torsten Slok, a leading economist. …read more […]
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