Roughly $70 billion of a $350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was “essentially loaned.”
March was the wildest month in stock market history, and it wasn’t even a close competition.
Even compared with the most hair-raising months in stock market history, March 2020 sticks out like a sore thumb.
Today, I want to take one last look at what we investors just went through in March 2020.
Then, let’s tie a ribbon around this sucker and never speak of it again!
A Market Collapse Like No Other
March 2020 was not my first dance with a market meltdown.
I was an active investor through the tech bubble’s pop in 1999 and also through the housing and financial crises of 2008 …read more […]
(Bloomberg) — Crude steadied in Asia, holding under $25 a barrel as traders weighed whether output cuts being discussed by the world’s top producers would be enough to offset an unprecedented demand loss from the coronavirus outbreak.Futures in New York rose as much as 3.5%, after sliding more than 9% on Tuesday. Saudi Arabia and Russia are hammering out terms to a production agreement, with OPEC+ talks planned for Thursday and a G-20 meeting of energy ministers set for Friday, according to people familiar with the matter, although a deal hinges on some form of cooperation from the U.S.There are …read more […]
Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Amazon is suspending the service because it needs people and capacity to handle a surge in its own customers’ orders, the Journal reported, citing sources. Amazon told shippers the service, known as Amazon Shipping, will be paused starting in June, the report added. The service was rolled out to deliver non-Amazon and Amazon marketplace packages. …read more […]
Stock futures were little changed Tuesday evening after a choppy day of trading during the regular session. …read more […]
For this week’s Trade Talk Tuesdays, I’m following up on yesterday’s issue, titled “Buy This Exact Stock – on This Exact Date.”
As you’ll see, my rationale is simple…
Right now, this company’s valuation is crazy low – and yet it owns a 28% market share of the global alcohol business.
Once restaurants and bars reopen, this stock is a “must own.”
Click the play button below for the full breakdown…
The post VIDEO: Buy This Exact Stock – on This Exact Date appeared first on Investment U. …read more […]
Amazon.com Inc is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following worker protests over the risk of coronavirus infection at the site.
The evaporation of a rally on Wall Street in the closing minutes of Tuesday’s session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
Fueled by early signs of the outbreak plateauing in some U.S. hot spots, including New York State, the S&P 500 traded up as much as 3.5% during the session, only to lose ground sharply late in the day to finish down 0.16%. Much of Wall Street’s recent recovery has been thanks to a $2 trillion package aimed at stimulating the economy as much of the country hibernates to slow the spread of the coronavirus. The S&P 500 is still down more than 20% from its Feb. 19 record high. …read more […]
Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.
Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.
Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc , the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
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