The Fed expanded the size of its repo market operations to ensure that the plumbing of the financial system can withstand the shocks of the coronavirus and the crash in oil prices. …read more […]
With oil erasing over a third of its value overnight after a messy breakup of the OPEC+ alliance, OPEC members are bleeding over half a billion dollars a day in lost revenue, according to Reuters calculations. For the most part, oil is a top income source for members of the Organization of the Petroleum Exporting Countries and such a dramatic fall in prices will put strain on their economies, some of which such as Iran and Venezuela, are already on the brink. At that low, prices were down nearly $20 a barrel from a high before the meeting …read more […]
The coronavirus will accelerate a Darwinian shakeout in Europe’s overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Ryanair on Monday said it would make further cuts to domestic and international flights to and from Italy until April 8 after the Italian government imposed travel restrictions in the north of the country to limit the spread of the coronavirus.
The number of coronavirus cases has surpassed 119 cases in the United States, Jefferies Chief Market Strategist David Zervos joins the On the Move panel to discuss the impact on markets. …read more […]
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.
Democrats continue to criticize the lack of response from the administration as coronavirus continues to spread across the country.
Yahoo Finance’s Jessica Smith in Washington explains. …read more […]
Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Interest rates, which are down to record lows on fears coronavirus may slow the economy, could fall even more. Here are four ways to invest now. …read more […]
Aquiles Larrea Jr. – Larrea Wealth Management Founder and CEO told Yahoo Finance’s On The Move that investors who are in the market long-term can take advantage of market sell-off. …read more […]
Presidential candidate Sen. Bernie Sanders is spouting a myth that capitalism is an oppressive system.
As Alexander Green explains today, this is far from true. Our free market provides everyone a chance for true wealth.
In a recent New York Times column, David Brooks opined, “Successful presidential candidates are mythmakers. They don’t just tell a story. They tell a story that helps people make meaning out of the current moment.”
Sen. Bernie Sanders, he wrote, is “telling a successful myth: The corporate and Wall Street elites are rapacious monsters who hoard the nation’s wealth and oppress working families.”
Brooks calls this “a very compelling …read more […]
Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector.
Stocks entered into a free-fall on Monday as coronavirus fears and crashing oil prices pounded investor sentiment. …read more […]
Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It’s a battle of nerves – so who will blink first?
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