Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
(Bloomberg) — U.S. stock index futures rose, retracing about half of the previous day’s tumble, after Joe Biden’s surprise comeback in the race for the Democratic nomination became the latest development to whip up swings in extremely volatile markets.S&P 500 Index futures expiring in March rose 1.1% as of 1:52 p.m. in Tokyo, erasing a loss of as much as 0.7%, after Biden scored wins in eight states, while Bernie Sanders won the biggest prize of the Super Tuesday primaries with a victory in California. Futures on the Nasdaq 100 Index and those on the Dow Jones Industrial Average both …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]
Asian shares struggled to find footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’ widening global economic fallout.
As companies in China gradually restart business following the extended Lunar New Year break, investors are fretting over the financial impact of the coronavirus outbreak that has squeezed cash flow and hammered revenues in many sectors.
Online retailer Amazon.com Inc said on Tuesday an employee in the United States tested positive for the coronavirus.
Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
(Bloomberg) — Amazon.com Inc. notified employees Tuesday of the first confirmed case of coronavirus among its U.S. workforce. The online retailer told workers about the infected employee via email.The employee left work Feb. 25 due to an illness and the company said it was informed Tuesday that the person had contracted Covid-19. All co-workers in contact with the employee, who were at Amazon’s South Lake Union office complex in Seattle, have been notified, the company said.Two Amazon employees in Italy were previously confirmed to have contracted the virus. The company has said it will limit nonessential travel within the U.S. …read more […]
SoftBank-backed startup CloudMinds has been blocked from sharing U.S.-origin technology with its China business, documents showed, illustrating how increased U.S. government restrictions are creating new headaches for tech firms and their investors.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (see the details). So, how do we invest in this environment? We track hedge funds […] …read more […]
Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus’s widening fallout.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (see the details). So, how do we invest in this environment? Although the masses and […] …read more […]
The “knock-on” effects of broken supply chains and demand destruction in and outside of China could lead to the first period of negative demand growth since the financial crisis of 2008/2009 …read more […]
(Bloomberg) — U.S. stock futures rose after early wins in the Super Tuesday primaries by Joe Biden lessened the chance of the Bernie Sanders nomination that had unsettled some investors.The yen dipped and Japanese equities recouped early losses. Futures on the S&P 500 were up about 0.8% after the index had tumbled almost 3% in wake of an emergency 50 basis-point Federal Reserve interest-rate cut that had failed to ease concerns about an economic downturn thanks to the coronavirus. Ten-year Treasury yields stayed below 1% after falling below that level for the first time Tuesday.Biden, positioned as a moderate against …read more […]
Hong Kong-based Bank of East Asia said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the support of activist investor Elliott Management.
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