Goldman Sachs said on Wednesday the S&P 500 bull market, the longest on record, is likely to end soon, forecasting a 28% slump from its February peak as the fast-spreading coronavirus is seen taking a toll on corporate profits.
It’s really great to see that even after a strong run, Alpha Pro Tech (NYSEMKT:APT) shares have been powering on, with… …read more […]
Each of the three major indices was off more than 2% in early trading. …read more […]
Whilst it may not be a huge deal, we thought it was good to see that the Goodrich Petroleum Corporation (NYSEMKT:GDP… …read more […]
(This March 10 story corrects to show Telefonica Brasil and TIM plan joint bid for Oi’s mobile business, not whole company)
U.S. stock index futures were down 2% on Wednesday after strong gains in the previous session, with investors growing frustrated about the lack of details on fiscal stimulus floated by President Donald Trump to combat the coronavirus epidemic.
As U.S. President Donald Trump touted the signing of a U.S.-China trade deal in January, he told cash-strapped farmers they would soon need bigger tractors and “a little more land” to meet additional Chinese demand for U.S. agricultural goods.
There is no reason why the coronavirus outbreak should damage Britain’s economy as badly as the financial crisis did in 2008, Bank of England Governor Mark Carney said on Wednesday.
Investors who take an interest in The Chemours Company (NYSE:CC) should definitely note that the Independent Chairman… …read more […]
The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses.
The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses. Americans are mostly exposed to stocks via their 401(k) retirement plans. According to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University, 84% of stocks owned by U.S. households are owned by the wealthiest 10% of Americans. …read more […]
Top news and what to watch in the markets on Wednesday, March 11, 2020. …read more […]
The Bank of England governor Mark Carney and his successor, Andrew Bailey, spoke at a press conference after the central bank unexpectedly cut interest rates by half a percentage point to 0.25% on Wednesday.
Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread of the coronavirus.
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