Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […] …read more […]
Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.
(Bloomberg) — A global equity rout deepened in Asia on Thursday after a renewed sell-off in U.S. equities, with investors concerned by a lack of clarity from the Trump administration on a coronavirus stimulus package.Shares in Japan sank and Australian equities extended recent losses, getting little respite from that nation’s stimulus package. Treasuries found a renewed bid. The World Health Organization earlier called the virus spread a pandemic and the Dow Jones Industrial Average tipped into a bear market, ending the longest bull-run in history for U.S. shares. Early gains for American equity futures fizzled as investors awaited a press …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […] …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]
Lenore Hawkins, chief macro strategist at Tematica, joined Yahoo FInance’s On the Move to provide a first-hand account of what’s happening in Italy. “The rest of the world needs to look at what’s happening here,” she said. …read more […]
Fear about the coronavirus has pulled the S&P 500 down nearly 20% from its record high. So what?
U.S. companies rushed to bulk up their cash reserves amid market turmoil fueled by the global coronavirus outbreak and a plunge in oil prices.
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices.
The U.S. banking industry is strong and ready to help businesses and consumers weather economic fallout from the fast-spreading coronavirus, Wall Street chief executives told President Donald Trump during a meeting at the White House on Wednesday.
Fears of a U.S. sales slowdown in auto showrooms due to the coronavirus outbreak that has spread globally are appearing in analysts’ forecasts, but industry executives said the pandemic has yet to affect demand or factory production.
(Bloomberg) — When Alphabet Inc.’s Google published revenue from its cloud business for the first time last month, a feeling of bitter vindication swept through International Business Machines Corp.Google, which is ranked the third-biggest cloud provider in the world by industry analysts, reported $9 billion in cloud revenue for 2019. IBM lists $21 billion in cloud sales, yet usually it’s relegated to fifth place. Research firm Gartner Inc. even excludes it from their top-six rankings. After Google’s report, employees at IBM thought they’d finally get the credit they deserved.But the industry didn’t notice. Google still holds the bronze medal behind …read more […]
The cost to insure General Electric Co debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced declines in interest rates, air travel and global growth.
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