Year: 2020

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Business News

Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one

April 12, 2020 admin Comments Off on Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one

As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making.

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Saudis Delay Crude Pricing Decision as Oil-Cut Talks Drag On

April 12, 2020 admin Comments Off on Saudis Delay Crude Pricing Decision as Oil-Cut Talks Drag On

(Bloomberg) — Saudi Arabia delayed a key pricing decision for its crude exports yet again as talks to secure an agreement among global producers for an unprecedented joint supply cut entered a fourth day.State producer Saudi Aramco is now set to decide on and announce pricing for its May crude exports on Monday, according to a person with knowledge of the situation. Aramco had planned to issue official selling prices, or OSPs, on April 5. It delayed the release to give producers time to discuss output cuts amid a coronavirus-induced collapse in demand.This is the third time that Aramco has …read more […]

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The choice facing investors: buy the bounce, or bet on a bottom

April 12, 2020 admin Comments Off on The choice facing investors: buy the bounce, or bet on a bottom

Few investors have been able to time market bottoms, which become evident only in hindsight. Investors who bought the S&P 500 three months before it bottomed during each of the last nine bear markets saw an average gain of 21% a year later. If the current bounce holds, that could mean the biggest gains are already in the rear-view mirror. …read more […]

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3 Biotech Stocks Under $2 With Massive Upside Potential

April 12, 2020 admin Comments Off on 3 Biotech Stocks Under $2 With Massive Upside Potential

Just in time for Easter, the market delivered two consecutive sessions of gains. All three of the major U.S. stock indexes closed in the green on the last two days of the holiday-shortened trading week, rallying on the U.S. government’s additional interventions to mitigate COVID-19’s economic impact. While the most recent surge was a welcome piece of good news, it came as somewhat of a surprise as the deadly virus continues to rampage parts of the U.S. and businesses remain shut down indefinitely. As a result, Wall Street pros argue that while we might not be out of the woods …read more […]

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Recession Proof Stocks: Is There Such a Thing?

April 12, 2020 admin Comments Off on Recession Proof Stocks: Is There Such a Thing?

Recession proof stocks are something of a myth in the investing community. Like the Fountain of Youth or the Ark of the Covenant, investors have searched for these treasures all the way back through history. The difference is, investors have a much better chance of finding recession proof stocks than they do immortality or biblical artifacts.
There’s no such thing as a true recession proof stock—every business is susceptible to market conditions in some way. That said, there are stocks that are naturally insulated against market downturn and that actually perform well in recessions and bear markets! You might not …read more […]

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Oil Negotiators Race Against Clock to Get Oil Supply Deal Done

April 12, 2020 admin Comments Off on Oil Negotiators Race Against Clock to Get Oil Supply Deal Done

(Bloomberg) — A global deal to cut oil supply and stem a historic price rout hung in the balance on Sunday as negotiators raced to find an agreement with just hours to go until the market opens.Diplomatic wrangling between Mexico and Saudi Arabia entered a fourth day as neither side was willing to concede, even after President Donald Trump intervened with a compromise and U.S. senators applied pressure to longtime ally Saudi Arabia.Negotiators have hours to spare before the oil market opens and traders pass judgment on the deal — or the failure to reach one. The market is already …read more […]