This is the first time in 40 years that the global economic growth numbers will be significantly negative. China, Europe, United States, and India all had to resort to lockdowns because they were afraid of losing millions of lives to the new coronavirus. As a result of the unprecedented measures taken, stock indices around the […] …read more […]
The oil price crash has wiped out the dream of energy independence and will do tremendous damage to US shale drillers, raising several questions about their right to exist in ‘free markets’ …read more […]
Most of the media’s attention in the current oil bust goes to upstream companies, but it’s the oilfield service companies that are really crucial when the industry makes its recovery …read more […]
(Bloomberg) — New York reported the fewest new coronavirus deaths in almost two weeks. Italy announced the least in almost a week. France had the smallest increase in five days.Spain will extend a lockdown for two weeks after joining the U.S. and Italy with more than 20,000 deaths. U.S. cases rose 3.4%, slower than the average over the last week. As the U.S. and Canada agreed to extend border limits to May 20, Israel planned to ease some limits.Key DevelopmentsVirus Tracker: Cases top 2.3 million; deaths exceed 158,000States don’t share Trump’s confidence in a quick reopeningWhat a return to work …read more […]
How many times in the last decade have you heard that active stock picking is dead? Even the legendary billionaire investor Warren Buffett lectured investors about the “wisdom” of investing in index funds. Last month, when the S&P 500 Index plunged nearly 30% in a matter of weeks, I bet your financial advisor told you […] …read more […]
U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups said.
This week, many Americans received a $1,200 stimulus check from the federal government.
With a record 22 million Americans unemployed and many others struggling financially, it comes as no surprise that the majority of these funds will not see the market.
In fact, 36% of recipients will spend their stimulus checks on housing and groceries, according to CNBC.
Investing is far less appealing. When asked to rank their likelihood of using the funds for different purposes on a scale from 1 to 5, respondents to CNBC’s survey gave investing a paltry 1.77.
Even check recipients who are in more stable financial situations have cause …read more […]
With oil demand collapses as the COVID-19 pandemic worsens, Russian President Vladimir Putin is facing new challenges to his skill to project strength …read more […]
Dr. Vivek Murthy, former U.S. surgeon general under the Obama administration, expressed some frustration with the U.S. response to the coronavirus. …read more […]
The coronavirus pandemic is creating another shift away from scripted programming, according to former reality TV star Bethenny Frankel. …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
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