The Maldives has curbed movement on several resort islands, authorities said on Sunday, after the country reported its first two cases of coronavirus.
The ECB and the coronavirus will be the main area of focus. Expect economic data to play second fiddle once more, with market volatility to persist. …read more […]
(Bloomberg) — The fallout from the global spread of coronavirus may be starting to affect credit and funding markets, according to JPMorgan Chase & Co.Supply-chain disruptions and demand shock from the virus fallout could already be causing cash-flow problems for businesses, JPMorgan strategist Nikolaos Panigirtzoglou wrote in a note Friday. That’s probably even more true for smaller companies and those in sectors like travel and lodging, he said.“If these shifts in credit and funding markets are sustained over the coming weeks and months, especially in the issuance space, credit channels might start amplifying the economic fallout from the Covid-19 crisis,” …read more […]
President Donald Trump praised the United States’ relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined to say whether he would impose steel and aluminum tariffs on the South American country.
Italy is set to impose a virtual lockdown on its wealthiest and most populous region, which includes the financial capital Milan, as part of tough new measures to try to contain the coronavirus outbreak.
Determining how to allocate assets in your investment portfolio is important. A permanent portfolio allocation can minimize the impact changing economic conditions could have on your investments. The concept, developed by investment advisor Harry Browne, takes a simplified approach to … Continue reading ->The post How to Create a Permanent Portfolio appeared first on SmartAsset Blog. …read more […]
(Bloomberg) — Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.The world’s largest oil exporter started a price war on Saturday by slashing the prices it sells crude into foreign markets by the most in at least 20 years, offering unprecedented discounts in Europe, the Far East and the U.S. to entice refiners to purchase Saudi crude at the expense of other suppliers.At the same time, Saudi Arabia has privately told some market participants it could raise production …read more […]
This weekend’s Barron’s cover story offers 12 stocks to buy amid the coronavirus sell-off. Other featured articles focus on bonds and on gold as investments — and the safest safe havens.Also, the prospects for semiconductor and pharmaceutical stocks, a real estate investment trust and more.Cover story “12 Stocks to Buy Amid the Coronavirus Selloff” by Andrew Bary shares why high-yielding stocks like Altria Group Inc (NYSE: MO) and AT&T Inc. (NYSE: T) can be an attractive option for investors now if they have strong balance sheets.Randall W. Forsyth’s “Bonds Still Offer Value, Even With Treasury Yields Below 1%” suggests that, …read more […]
Two Advanced Micro Devices, Inc. (NASDAQ: AMD) analysts came away confident about the semiconductor company’s fundamentals following its financial analyst day Thursday. The AMD Analysts Deutsche Bank Securities analyst Ross Seymore maintained a Hold rating on AMD shares and increased the price target from $42 to $50.Credit Suisse analyst John Pitzer maintained a Neutral rating and $33 price target.Deutsche Bank: AMD’s Roadmap, Financial Goals Impressive AMD’s first analyst meeting in three years conveyed a very confident growth plan focusing on market share gains across each of its CPU/GPU-enabled markets, Deutsche Bank analyst Seymore …read more […]
Italy is set to lock down its wealthiest and most populous region, which includes the financial capital Milan, as part of tough new measures expected to be approved on Saturday to try to contain the coronavirus outbreak.
A U.S. judge said Amazon.com Inc is likely to succeed on a key argument of its challenge to the U.S. Department of Defense’s decision to award cloud computing deal worth up to $10 billion to Microsoft Corp.
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