Year: 2020

Germany’s ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company aims to finalise next week, politicians said on Sunday. Rolf Muetzenich, parliamentary party leader of junior coalition partners the Social Democrats, demanded a say in the running of the company in return for financial aid. “If companies such as Lufthansa receive billions of euros in state aid from taxpayers’ money, the federal government must also be guaranteed a say in the matter,” he told the Bild newspaper. …read more […]

Investors are bracing for a busy week ahead packed with events that have market-moving potential. …read more […]

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Brazil planemaker Embraer SA said that after a $4.2 billion deal with Boeing Co fell apart over the weekend, it is working on adjusting production levels and capital expenditures, as well as working to preserve cash. The company added in a statement that it finished 2019 with a “solid cash position” and had no “significant debt in the next two years.” Other measures include adjustments to inventory, extension of payment cycles, reduction of expenses and seeking financing, Embraer said. …read more […]

The sharp rebound in equities has pushed widely used measures of valuing U.S. shares to their highest level in years. Strategists say price-to-earnings ratios could go higher still given monetary stimulus, but huge uncertainty around earnings this year because of the economic fallout from the coronavirus makes for challenges in valuing shares. Stock prices have risen even as earnings estimates have fallen, lifting multiples that were knocked down in the virus-driven market meltdown. …read more […]

The U.S. federal government is looking at “a whole bunch of alternatives” to support oil and other energy companies, Treasury Secretary Steven Mnuchin said on Friday as the industry struggles with plummeting prices and demand as the coronavirus crushes economic activity. Taking equity stakes as part of a lending facility for the industry is among the alternatives, Mnuchin said at a White House event. President Donald Trump said: “The energy business is very important to me, and we’re going to build it up.” …read more […]

DA stock market rally is an exciting thing to be part of. All week you’ve been watching your holdings decrease in value—then, suddenly, they’re trending up at a fast pace! A market rally can ease the pain of sudden losses and even end higher than where the downturn started. That is, of course, if it’s not a dead cat bounce or a pump-and-dump scenario.
In times of market volatility, stock market rallies aren’t uncommon. In fact, they’re actually part of the reason markets are so volatile! It’s important to pay attention to when the market is poised to rally and …read more […]

(Bloomberg) — A two-track world is starting to establish itself in emerging markets.Not only are the stocks, bonds and currencies of the developing economies reacting to the Covid-19 pandemic in very different ways, but the fallout is quickly creating two distinct camps of winners and losers. Hence, the extra premium investors demand to hold riskier emerging-market debt has ballooned, with the the spread between high-yield bonds and their investment-grade counterparts now close to its widest since 2002, according to JPMorgan Chase & Co.’s indexes. Qatar, Abu Dhabi and Saudi Arabia — which have single-A or double-A ratings — accounted for …read more […]

Lenders are tightening their standards, but homeowners are still getting deals. …read more […]

Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world’s cheapest fuel. Thanks to subsidies under socialist former President Hugo Chavez and his succesor and protege, Nicolas Maduro, gasoline sold by state oil company PDVSA – which has a legal monopoly on fuel sales – is essentially free in Venezuela. Octavio Salom, 53, said he and fellow kidney patients in the eastern city of Puerto Ordaz bought 20 liters of …read more […]

The coronavirus relief act gives workers of any age a way to dip into retirement savings for emergencies. And retirees can drag out their withdrawals. …read more […]

(Bloomberg) — Bond investors are starting to debate whether the U.S. is heading into a deflationary spiral, even after trillions of dollars of stimulus to offset the pandemic-driven hit to growth.This year’s collapse in oil prices and the drumbeat of staggeringly weak economic data are putting the question front and center as the Federal Reserve meets this week. The central bank is expected to sit tight for now and assess the programs it’s rolled out in the past month to calm markets, while reiterating a commitment to do more as needed.But with market-based gauges showing investors see inflation stuck at …read more […]