Trading Ideas
Year: 2020
Business News
Tesla, California county reach deal to reopen U.S. plant next week
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that allows production to resume as early as Monday, county officials said.
Trading Ideas
Coronavirus update: Fed's Powell warns of 'lasting damage' as Congress debates new big bang stimulus
In recent sessions, markets have reversed gains built on optimism that U.S. states could slowly end the lockdowns that have crushed the economy. Meanwhile, one major vaccine player, has said the U.S. would have first preference if and when its candidate succeeds. …read more […]
Business News
Fed Chair Powell warns of prolonged U.S. recession after coronavirus
Jerome Powell, chairman of the Federal Reserve board of governors, warned Wednesday that the long-term health of the U.S. economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus.
Trading Ideas
Fed Chair Powell: 40% of those in households earnings less than $40k lost their job in March
Fed Chair Jerome Powell said the coronavirus is the biggest shock to the economy in modern times, but that negative interest rates are currently not being considered. Yahoo Finance’s Brian Cheung joins Zack Guzman to break down the details. …read more […]
Trading Ideas
3 Stocks Millennials Are Betting Big on Right Now
As the COVID-19 epidemic drags on, and unemployment rises, online equity trading platforms are seeing a surge in use and new sign-ups. The Robinhood app saw Q1 deposits increase by 300% year-over-year, while the popular social trading app eToro saw a 220% growth in trading use. The demographic breakdown of the new online traders makes a more interesting story, however. Data from the Wealthsimple Trade platform shows that 55% of new users are under age 35.The migration of Millennials to online trading should not come as a surprise. Jeff Bishop, founder of Raging Bull Trading, notes, “A lot of people …read more […]
Business News
Airbus examining restructuring including job cuts: sources
Airbus is drawing up plans for a restructuring involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said.
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Why buying Grubhub could be huge for Uber
A potential tie-up between Uber and Grubhub could balloon the ride-hailing company’s market share and bring forth long term synergies, according to Morningstar senior analyst Ali Mogharabi. …read more […]
Trading Ideas
A Goldilocks Market for Short-Term Traders
The VIX is very near Goldilocks territory.
If that statement sounds cryptic, it’s not. In fact, it’s very straightforward. It’s also a very good thing for investors, and short-term traders in particular.
The VIX is the Chicago Board Options Exchange Volatility Index. It measures market volatility by looking at put and call options on the broad market of S&P 500 stocks.
If the VIX is high, the market will see big swings, either up or down. That was the case in mid-March, when the VIX peaked above 80. On March 16, the S&P 500 fell nearly 12%, the third-biggest daily loss since 1926. …read more […]
Business News
Amazon extends temporary raise in pay through May 30
Amazon.com Inc said on Wednesday it would extend the temporary increase in its hourly pay and double the overtime pay through May 30, bringing its total salary cost for hourly employees to nearly $800 million.
Business News
Amazon.com asks for federal law against price gouging during national emergencies
Online retailer Amazon.com , criticized for not acting quickly enough to curb sellers who charged hundreds of dollars for high-demand hand sanitizer during the early phase of the new coronavirus pandemic, urged Congress on Wednesday to pass a law against price gouging during times of national emergency.
Business News
Deutsche Bank criticised in internal N.Y. Fed audit: German newspaper
Deutsche Bank’s regulators in the United States have criticised the German lender in an internal audit for weaknesses in fighting money laundering and in risk management, according to a German newspaper on Wednesday.
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Bernie Sanders, Ilhan Omar Lead Call for World Bank, IMF Debt Cancellation
(Bloomberg) — Senator Bernie Sanders and Representative Ilhan Omar led a group of lawmakers from two dozen countries calling for the International Monetary Fund and World Bank to forgive the debt of the world’s poorest countries and step up their support.The debt payment standstill announced last month by the Group of 20 won’t be enough to allow the countries to deal with the crisis, the lawmakers, including the U.K.’s Jeremy Corbyn, said in a letter Wednesday. Fitch Ratings last month warned that multilateral development banks could see their credit ratings suffer if they let the poorest nations suspend sovereign debt …read more […]
Trading Ideas
The surprising COVID-19 stock market rally could collapse soon: top strategist
The stock market could get stuck in the mud soon. This top strategist explains why. …read more […]