Trading Ideas
Federal Reserve slashes rates to zero, restarts QE
Federal Reserve makes announcement before markets open. …read more […]
Month: March 2020
Business News
Goldman downgrades U.S. growth forecast for first and second quarter due to coronavirus
Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak.
Business News
Volkswagen says preparing to suspend production at Bratislava plant
Volkswagen is preparing to suspend operations at its manufacturing plant in Bratislava, the company said on Sunday, after Slovakia declared a state of emergency due to the coronavirus outbreak.
Trading Ideas
Shell-Shocked Markets Find Little Relief in Volatile FX Trading
(Bloomberg) — If traders hoped Friday’s turnaround would prove more than a moment of relief for the world’s shell-shocked markets, early trading in volatile currency markets showed any sense of stability is likely to be fleeting.The New Zealand dollar plunged to its lowest since May 2009 in early trading Monday after the nation’s central bank unexpectedly cut rates. Australia’s currency — which tends to rise and fall with risk appetite — slid to its weakest since 2008 and the Norwegian krone posted a fresh record low versus the greenback. Meanwhile, the yen strengthened.The options market signaled that currency volatility remains …read more […]
Trading Ideas
Opinion: Bye-Bye Bernie?
Sanders stages last-ditch fight with Joe Biden. Image: Chip Somodevilla/Getty Images …read more […]
Business News
Germany tries to halt U.S. interest in firm working on coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Business News
Delta suspends some London, Dublin flights after new U.S. travel restrictions
Delta Air Lines Inc said Sunday it will halt service to London from Detroit and Dublin flights from New York after the White House announced it was imposing new travel restrictions on United Kingdom and Ireland.
Business News
Gasoline becomes more affordable, just when Americans don’t need it
At two gasoline stations in Scarsdale, a wealthy suburb of New York City not far from one of the nation’s worst outbreaks of coronavirus, attendants whiled away the minutes on a rainy Friday morning at what would normally be their busiest time of day.
Business News
LVMH to make disinfectant gels to aid French coronavirus fight
Louis Vuitton owner LVMH said on Sunday that its cosmetics unit would manufacture large quantities of hand disinfectant gel to help stave off a nationwide shortage across France as the coronavirus rapidly spreads.
Trading Ideas
Investors prepare for more market swings as virus spreads in the U.S.
Overwhelmingly, caution remains the watchword for investors and analysts reeling from a week that saw all three U.S. exchanges confirm bear markets, oil prices plummet to multiyear lows and wild fluctuations in bond yields and currencies. Investors still have little clarity on the possible trajectory of the coronavirus outbreak in the United States, the effectiveness of the government response and the eventual damage the virus will cause to the nation’s economy and individual companies. Many are awaiting the start of trading in U.S. stock futures on Sunday night, a session that has proven volatile in recent weeks. …read more […]
Business News
Germany tries to stop U.S. poaching German firm seeking coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Trading Ideas
Common-sense investing insights we forget during stock-market panics
Many people invest rationally most of the time, until the stock market starts falling. Follow these recommendations to keep downturns in perspective. …read more […]
Business News
Kraft Heinz ask employees to work from home; provide travel restriction
Kraft Heinz Co said on Sunday it has asked office employees to work from home as the coronavirus continues to spread.
Trading Ideas
Business News
Oil giants set health checks for critical staff, work-from-home rules
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.