As trading ended on Thursday in Wall Street’s worst day for three decades, shell-shocked investors had no idea how much further the market was likely to fall as the coronavirus pandemic spread fear of a global recession.
Apple Inc has reopened all 42 of its branded stores in China, more than a month after they were shut due to fears over the coronavirus outbreak, the iPhone maker’s Chinese website showed on Friday.
Asia’s stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.
Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street’s slide into bear market territory on Thursday, as investors liquidated positions across their portfolios to raise cash.
Pharmacy chain Walgreens Boots Alliance Inc and supermarket chain Kroger Co on Thursday placed purchase limits on certain products to stabilize inventory, as customers stock up on essentials amid a global coronavirus outbreak.
(Bloomberg) — Among China’s equity trading community, a risky triumphalism is taking root. The nation, the argument goes, is shielded from global volatility and patriotic investing will be rewarded.It’s not hard to see why. The Shanghai stock benchmark is the only gauge of note worldwide to post gains in the past month, while others are tumbling into bear markets. Against the S&P 500 Index, the Chinese index is nearing its highest level in almost two years.Fueling Chinese confidence is a sense that the country is gaining victory over the coronavirus that first spread in Wuhan. President Xi Jinping visited the …read more […]
Days after photos of broken windows and smashed china hit the newsstands revealing a Christmas Day family squabble in the home of Korean Air’s late patriarch, an activist fund received an unsolicited offer to help unseat the current chairman.
Gap Inc leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and Europe from the coronavirus, which has also started impacting its home market.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […] …read more […]
New U.S. restrictions on Europeans entering the United States are fueling additional bookings for business jet flights, which were already in higher demand this year because of coronavirus, executives said on Thursday.
Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to demand and supply disruptions caused by the coronavirus outbreak.
Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
An avalanche of selling in stocks on fears over the coronavirus outbreak took Wall Street’s “fear gauge” to its highest level since the financial crisis on Thursday.
Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have “minimal impact” on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.
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