Trading Ideas
Coronavirus, consumer prices: What to know in markets Wednesday
Investors will continue to monitor the escalating coronavirus outbreak Wednesday and its impact on financial markets and the economy. …read more […]
Month: March 2020
Business News
Financial firms around the world ramp up contingency plans as coronavirus hits
Banks and other large financial companies in major cities across the world ramped up their emergency measures to combat the spread of the coronavirus on Tuesday, with Barclays Plc and BlackRock Inc confirming one case in their New York offices.
Trading Ideas
Trump's re-election chances plunge amid rise in coronavirus fears, according to major oddsmaker
Trump’s re-election is looking less likely in the wake of rising coronavirus fears, says betting giant Paddy Power. …read more […]
Business News
College textbook merger raises ‘serious concern’ among U.S. lawmakers
Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new industry leader with nearly half the market.
Business News
Bank of America top technology officer Boville has left: source
Bank of America Corp’s chief technology officer, Howard Boville, has left the company, according to a source familiar with the matter.
Trading Ideas
Trump pitches 0% payroll tax rate for rest of the year: rpt
President Trump has reportedly pitched a 0% payroll tax rate for the rest of the year. Yahoo Finance’s Jessica Smith and Ben Phillips, EventShares Chief Investment Officer, break down possible stimulus packages amid coronavirus fears. …read more […]
Business News
Oil jumps 8% on stimulus hopes, spending cuts by U.S. producers
Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output.
Business News
NYSE short interest rose 2.74% in late Feb.
Short interest on the New York Stock Exchange rose 2.74% in late February, the exchange said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
Business News
Nasdaq short interest up 0.3% in late February
Short interest on the Nasdaq rose 0.3% in late February, the exchange said on Tuesday.
Business News
Oil jumps 10%, U.S. stocks rebound after market rout
Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish.
Business News
Wall Street bounces back as stimulus hopes soothe recession fears
Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession.
Business News
Mexico says seeking to mediate in Russia vs Saudi Arabia oil spat
Mexico is seeking to mediate the oil dispute between Russia and Saudi Arabia, its finance minister said on Tuesday, saying the conflict that has battered global oil prices has affected Latin America’s second-largest economy.
Business News
Sports events hit by the coronavirus epidemic
Here is a list of international sports events hit by the coronavirus outbreak:
Trading Ideas
Bernstein slashes price target on Disney, predicts park closures due to coronavirus outbreak
An analyst at Bernstein cut their price target on Disney, noting the increasing possibility of domestic park closures as the coronavirus outbreak continues to spread. The Final Round panel discusses the latest. …read more […]
Trading Ideas
The Other Side of the Oil Trade
Today most people are focused on the oil crash, but there are other moving parts they should pay attention to…
To start, many smaller exploration and production companies are surviving on thin air and a bunch of loans. With oil prices so low, most of these companies can’t meet their debt service, and that means problems for more than just the companies with the loans.
The banks that made those loans could be in trouble as well!
Unfortunately, banks love bad investments.
Just look back to the mortgage crisis of 2008 or the savings and loan crisis in the late ‘80s. If you think …read more […]