Trading Ideas
The stock market is trading like Lehman just went bankrupt
BlackRock thinks the current market declines look eerily similar to how stocks reacted to Lehman Brothers’ bankruptcy. …read more […]
Month: March 2020
Trading Ideas
White House drafting aid package for airlines: RTRS
According to Reuters, the White House is exploring the draft a new aid package for airlines, which may include loans. Yahoo Finance’s Adam Shapiro breaks down the latest news. …read more […]
Trading Ideas
Coronavirus is causing a lot of 'anxiety' in the stock market: NYSE chief
The stock market turmoil continues as investors assess the economic fallout from the coronavirus. …read more […]
Business News
Oil slumps below $30-per-barrel as coronavirus spreads, OPEC rancor remains elevated
Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, leading governments and businesses to shut down as the global economy appeared to be headed toward certain recession.
Business News
Markets tumble as big Fed move fails to quell virus fears
Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve’s second emergency rate cut in as many weeks to blunt the economic impact of the coronavirus failed to calm fears of a prolonged recession.
Business News
Brazil’s Azul cuts international flights; carriers expect government aid
Brazilian airline Azul said on Monday it will cut all international flights out of its main hub in Sao Paulo state, while the country’s government is likely to roll out a relief package as the sector struggles with the coronavirus pandemic.
Trading Ideas
Coronavirus will finish Trump’s presidency
No president survives a recession. Trump won’t either. …read more […]
Business News
Boeing stock wipes out gains made during ousted CEO Muilenburg’s tenure
Boeing Co’s shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg’s tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX’s return to service.
Trading Ideas
Federal Reserve still has 'bazookas left in the war chest' to counter coronavirus
After its surprise Sunday announcement, the Federal Reserve can still rely on forward guidance, further asset purchases, and other tools to combat the coronavirus. …read more […]
Business News
Near-zero U.S. rates may not sink the dollar
When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction.
Business News
U.S. markets should stay open despite turmoil, says top securities regulator
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country’s exchanges to stop a plunge in stock prices.
Trading Ideas
3 “Stay at Home” Stocks to Keep Your Portfolio Healthy
There is something everyone can do to combat the coronavirus’ spread: stay home. Along with proper hygiene, healthcare officials are urging people around the world to practice social distancing by staying home as much as possible and avoiding restaurants, bars, cinemas and other crowded places. This public health intervention could slow the virus’ transmission dramatically, which has now infected more people globally than within China for the first time since the outbreak began-Given the current volatile state of the market, fears related to the economic impact of social distancing have spiked. While it’s true these efforts have left the service …read more […]
Business News
Factbox: Retailers close stores around globe to curb coronavirus spread
Retailers have been closing stores around the globe to reduce the risk of transmission of the coronavirus, which has killed over 6,500 and infected more than 174,000 while disrupting supply and production chains.
Business News
Crude oil falls below $30 as coronavirus spreads
Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
Business News
U.S. could start buying crude for Strategic Petroleum Reserve in two weeks
The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several months, an Energy Department source said on Monday.