Trading Ideas
Year: 2020
Trading Ideas
NYC Has Record Number of Deaths; Fauci Raises Hope: Virus Update
(Bloomberg) — Anthony Fauci, the top U.S. infectious-disease expert, said the final death toll from the virus may be lower than earlier estimated. With the U.S. is on track to overtake Italy in fatalities, New York City reported a record 824 deaths in the past 24 hours.Stocks rallied after the Federal Reserve acted to provide as much as $2.3 trillion in aid, even as huge numbers of Americans applied for jobless benefits.Spain reported fewer deaths and is poised to extend a nationwide lockdown. Curbs are also likely to remain in Britain, where Prime Minister Boris Johnson continues to improve in …read more […]
Business News
Citigroup offers full-time positions to interns amid coronavirus crisis
Citigroup Inc said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program to July 6 amid the current coronavirus crisis.
Business News
Wall Street rises on $2.3 trillion Fed backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while energy stocks jumped on an expected cut in oil production.
Business News
Saudi, Russia move closer to record oil cut deal: sources
OPEC and other oil nations held talks on Thursday on record production cuts of up to 20 million barrels per day, equivalent to about 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said.
Trading Ideas
Has Teladoc Health, Inc. (NYSE:TDOC) Improved Earnings In Recent Times?
After reading Teladoc Health, Inc.’s (NYSE:TDOC) latest earnings update (31 December 2019), I found it beneficial to… …read more […]
Business News
UBS executives pledge $5 million of own cash to coronavirus fight
Top managers at UBS will each contribute the equivalent of three months’ salary to fight the coronavirus, its chief executive Sergio Ermotti said on Thursday after the Swiss bank bowed to pressure to suspend its dividend.
Business News
Oil prices soar as OPEC+ prepares to cut supplies
Oil prices jumped on Thursday after sources said Russia and Saudi Arabia have a new deal to cut oil output drastically in response to a collapse in global demand from the coronavirus.
Business News
Timeline: Fed’s response – pandemic downturn vs financial crisis
The economic dislocation caused by the coronavirus crisis is unfolding with breathtaking speed.
Business News
RenCap removes line from Rosneft note saying 10 million bpd cut would rebalance markets
Renaissance Capital updated a note giving a readout on a call with Rosneft to remove a line saying the Russian energy giant believed a cut in oil output by OPEC+ of 10 million barrels per day (bpd) would be sufficient to balance markets.
Trading Ideas
Trading Ideas
Occidental Seeking Federal Lifeline For U.S. Oil Industry
(Bloomberg) — Occidental Petroleum Corp. wants U.S. government financial aid for the oil industry even as the biggest producer of Permian Basin crude urges Texas regulators not to interfere with market forces.In a sign of how important the appeal is to Chief Executive Officer Vicki Hollub, employees are being urged to send a pre-written wish list to Congress members. Among other things, the company wants the government to “provide liquidity to the energy industry through this period of unprecedented demand destruction and unsustainable pricing until normal economic conditions return.”The letter, linked in an internal email dated April 7 and seen …read more […]
Business News
Dollar drops after Fed launches new loan program
The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.
Business News
Fed rolls out $2.3 trillion to backstop “Main Street,” local governments
The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.
Business News
Timeline: Fed’s response – pandemic downturn vs financial crisis
The economic dislocation caused by the coronavirus crisis is unfolding with breathtaking speed.