Microsoft (MSFT) founder and billionaire Bill Gates warns that America needs to get its coronavirus testing sorted quickly — until then, “we’re in big trouble.” …read more […]
The analysts covering Spirit Airlines, Inc. (NYSE:SAVE) delivered a dose of negativity to shareholders today, by… …read more […]
OPEC and other major oil producers on Thursday discussed potential big output cuts in the face of a huge fall in demand due to the coronavirus crisis.
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve unleashed its latest program designed to buttress local governments and businesses crushed by moves to slow the coronavirus outbreak.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite experts’ emphasis on prolonged social distancing measures to defeat the coronavirus.
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.
Investors are “way too enthralled” with trying to figure out what the shape of a recovery will look like, says one BMO strategist.
“Stop trying to figure out whether or not it’s an ‘L’ or ‘V,’ and just let the market and the companies come back and get back to business,” Brian Belski, chief investment strategist at BMO Capital told Yahoo Finance. …read more […]
As evidenced in the recent coronavirus crash, quant funds have a major advantage over traditional hedge funds.
But as Nicholas Vardy explains today, quant investing and swing trading also give small investors a secret edge with major upside potential.
Quantitative trading has taken over Wall Street.
The biggest and most liquid financial markets in the world are now traded mostly by computers with little, if any, human intervention.
As the CEO of London-based hedge fund Man Group put it, “Trading has gone from being people hollering down phones… to computers doing things with other computers.”
Quantitative trading uses complex computer models to make trading decisions. …read more […]
Uber Technologies Inc on Thursday said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus.
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy.
Airbus’s decision to cut output of its best-selling jet by a third amid coronavirus marks a huge shift for the European planemaker, which has enjoyed virtually unbroken growth since it began competing toe-to-toe with Boeing almost 20 years ago.
The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.
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