The CARES Act has loosened up the rules for tapping retirement savings like 401(k)s or IRAs. Here’s what’s changed and what you need to consider. …read more […]
The analysts covering Suncor Energy Inc. (TSE:SU) delivered a dose of negativity to shareholders today, by making a… …read more […]
Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread. The VIX, which climbed to its highest levels since 2008 amid the market sell-off, has closely tracked the number of countries where the daily growth of coronavirus cases exceeds 10%, according to Jason Hunter, head of global fixed income and U.S. equity technical strategy at J.P. Morgan. …read more […]
Canadian investment bank RBC has been taking the temperature of institutional investors, and the results are fascinating – and, perhaps, illuminating. The analysts start by pointing out the obvious, “We view capitulation as a necessary, though not sufficient, condition for stock market bottoms in major drawdowns,” but go on to note that a “surprisingly high level of bullishness supports our own view that we haven’t yet seen investor capitulation.” So, investors are looking to buy – and that sentiment has the potential to turn a mild stock rally into something larger. In a climate of heightened risk, investors should remember …read more […]
Popular video-conferencing company Zoom Video Communications (ZM) admitted that it had “mistakenly” allowed calls to flow through China, adding to a number of mis-steps raising doubt on the security of the platform.Zoom said in a statement on Friday that certain meetings held by its non-Chinese users may have been “allowed to connect to systems in China, where they should not have been able to connect”.“In February, Zoom rapidly added capacity to our Chinese region to handle a massive increase in demand,” said Zoom CEO Eric S. Yuan. “In our haste, we mistakenly added our two Chinese datacenters to a lengthy …read more […]
With more Americans working from home, we’re buying a historic amount of computers, webcams, and monitors. …read more […]
(Bloomberg) — The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades.With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling.“A powerful disinflationary tide is now rising,” said Joseph Lupton, global economist at JPMorgan Chase & Co.That’s worrying because it could lengthen what may be the deepest recession since the Great Depression. Ebbing pricing power makes it harder for companies that piled on debt …read more […]
Almost three months have passed since COVID-19 began its spread beyond China’s borders, and the market remains in free fall. Capping off another volatile week, stocks fell on Friday April 3 in response to disappointing U.S. economic data, offsetting gains posted in the previous session. Based on a new report from the Labor Department, the U.S. economy saw 701,000 jobs erased in March, much more than economists originally expected as the figure doesn’t even include the 10 million unemployment filings that occurred after March 14. In addition, New York Governor Andrew Cuomo announced on Friday that the state …read more […]
Billionaire investor Warren Buffett’s Berkshire Hathaway sold about 18% of its stake in Delta Air Lines Inc. (DAL) for $314 million as the U.S. airline operator said it expects revenues to plunge 90% in the second quarter.Berkshire sold about 13 million Delta shares on Wednesday and Thursday priced between $22.96 and $26.04, according to SEC filings. Separately, Buffet’s Berkshire also divested about 4% of its stake in Southwest Airlines Co. (LUV) dumping about 2.3 million shares for about $74 million, SEC filings show. Delta shares, which were trading around $59 at the start of the year, slid 0.1% to $22.48 …read more […]
The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay Area directed non-essential businesses to shut almost three weeks ago.
You might’ve caught a headline recently that got you thinking about how to short a stock. Maybe a headline like this one from Business Insider: Traders betting on stock declines made $344 billion in just one month as coronavirus ravaged the market. Making that kind of money when most people are losing 20% to 30% of their portfolio is an appealing prospect. And one of the ways it’s possible is via short selling.
What Does It Mean to Short a Stock?
Shorting a stock is about betting against it. If you open a short position in a company or an index, …read more […]
Luckin Coffee Inc said on Sunday it will maintain normal operations at its stores and apologised to the public, days after it announced an internal investigation had shown its chief operating officer and other employees fabricated sales deals. Shares of Luckin, which competes in China with Starbucks Corp, sank as much as 81% on Thursday in New York after it said the investigation had found that fabricated sales from the second quarter of 2019 to the fourth were about 2.2 billion yuan ($310 million). “Regarding the suspected financial fraud and the extremely bad impact it has caused, Luckin …read more […]
(Bloomberg) — Saudi Aramco delayed the release of its key monthly oil pricing list until later this week as the kingdom trades barbs with Russia about the OPEC+ meeting aimed at ending the collapse in oil prices.A new date for the announcement of Aramco’s official selling prices for May is not yet set, and the release could be pushed to Tuesday or Thursday, according to a person with knowledge of the situation who asked not to be identified because the information is private. It was due to be published today.The state oil giant is delaying the announcement to await an …read more […]
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