Trading Ideas
Elon Musk: Coronavirus panic is ‘dumb’
Tesla CEO Elon Musk tweeted Friday about the coronavirus outbreak, calling panic towards the virus ‘dumb.’ The Final Round panel discusses the latest. …read more […]
Year: 2020
Business News
Italy coronavirus deaths near 200 after biggest daily jump
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
Business News
Colombia confirms its first case of coronavirus
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.
Trading Ideas
Gold Fell 5% on Its Way to Higher Prices
Editor’s Note: Yesterday, we heard from Rich Checkan, a gold investing expert and friend of ours here at Wealthy Retirement.
Rich is the president of Asset Strategies International, and last time, he shared reasons why he believes a correction in the market was overdue even before the coronavirus panic caused stocks to tumble last week.
Today, Rich will take a closer look at what these market swings mean for gold – and why he believes it should be an integral part of your portfolio going forward.
If you’d like to learn more about Rich and Asset Strategies International, you can reach his office …read more […]
Trading Ideas
Why the US economy is particularly sensitive to the coronavirus outbreak
Austan Goolsbee, the former chair of the Barack Obama’s economic council, says that the U.S.’s service-based economy makes it more susceptible to threats like the coronavirus. …read more […]
Business News
BofA starts asking clients for contingency plans during underwriting assessment process
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.
Business News
White House considers tax relief for airlines, travel firms amid coronavirus
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.
Business News
Standard U.S. economic weapons may be inadequate for coronavirus crisis
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can’t go to work, are told to stay home, or stop going out in public entirely.
Trading Ideas
What to Expect When Volatility Strikes
Volatility, as measured by the CBOE Volatility Index (VIX), takes into account the number of puts and calls being bought and sold on S&P 500 stocks. When the market is crashing, the VIX moves higher, and when the market is soaring, the VIX moves lower.
And in The War Room, we just played a historic move on the VIX for an overnight double-digit gain.
Here’s how we did it…
In this case, War Room members bought an iPath Series B S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) put option after days of watching the market take it on the chin. All we …read more […]
Business News
Mastercard shuts Sao Paulo office, NY site after employee diagnosed with coronavirus
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
Trading Ideas
Oaktree’s Howard Marks Says He’s Starting to Find Bargains to Buy
(Bloomberg) — The market selloff is creating enough bargains for investors to begin buying, though it’s too soon to call the bottom, according to Howard Marks, co-founder of distressed investment specialist Oaktree Capital Management.“We’re certainly buying,” Marks said in a Bloomberg Television interview on Friday. “If you’re a distressed investor, you must turn more aggressive when you’re given good chances. I’m not saying this is the bottom, but this is certainly a time to do some buying.”Stocks plunged and U.S. credit markets were suffering their worst day in a decade as fears intensify that the spreading coronavirus will hurt corporate …read more […]
Business News
Coronavirus concerns pummel major indexes as investors flee to bonds
U.S. stock indexes tumbled on Friday as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to the safety of bonds.
Business News
Bond yields slide to record lows, stocks succumb to virus fears
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
Business News
Colombia has confirmed first case of coronavirus: health ministry
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries which have reported cases of the fast-spreading disease.
Business News
U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures
A U.S. House investigative report into two fatal Lion Air and Ethiopian Airlines crashes on a Boeing 737 MAX faulted the Federal Aviation Administration’s (FAA) approval of the plane and Boeing’s “design failures.”