Trading Ideas
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Trading Ideas
Fed makes 'aggressive' move to back corporate debt markets, Main St.
Federal Reserve makes announcement before markets open. …read more […]
Trading Ideas
Trump Allows Ford, General Motors, Tesla to Make Ventilators
President Donald Trump said Sunday that U.S. automakers Ford Motor (F), General Motors (GM) and Tesla (TSLA) had been given the go-ahead to produce ventilators amid a shortage of the medical equipment needed to treat coronavirus patients.The president said in a tweet that the auto companies will be permitted to “make ventilators and other metal products, FAST!”. Automakers have been seeking alternative revenue channels as the coronavirus outbreak has forced the closure of many factories.General Motors on Friday announced a collaboration with Ventec Life Systems to build ventilators. The automaker will lend its logistics, purchasing and manufacturing expertise to help …read more […]
Business News
Netflix to reduce traffic in Israel by 25% to help ISPs
Netflix said on Monday it would reduce network traffic in Israel over the next month following a government request to ease data congestion from people staying home due to the coronavirus.
Business News
Futures slide again as virus lockdown raises contraction fears
U.S. stock index futures tumbled on Monday on rising estimates of the economic damage from the coronavirus pandemic, with Goldman Sachs estimating a 24% plunge in U.S. real GDP in the second quarter.
Business News
Ford to suspend production in India, South Africa due to coronavirus
Ford Motor Co said on Monday it will temporarily shut down vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus.
Business News
Coronavirus fears spark surge in a volatility index
A product that traders use to profit from surges in volatility has soared as coronavirus fears ravaged stocks, prompting concern about a plunge if the market’s wild swings subside.
Business News
Fiat Chrysler CEO says group to produce face masks in Asia: union representative
Fiat Chrysler Chief Executive Mike Manley told employees that the carmaker would help with the production of masks during the coronavirus emergency, a union representative said on Monday.
Trading Ideas
How Bad Could a Global Recession Get?
Mar.23 — Economists including former Bank of England Governor Mervyn King, Allianz chief economic adviser and Bloomberg Opinion columnist Mohamed El-Erian, and Federal Reserve Bank of St. Louis President James Bullard, comment on the prospects for the U.S. and global economy. El-Erian’s opinions are his own. …read more […]
Trading Ideas
When do markets bottom during a crisis?: Morning Brief
Top news and what to watch in the markets on Monday, March 23, 2020. …read more […]
Trading Ideas
Where Do Investors Hide When Gold and Other Havens Fall?
Mar.23 — Peter Toogood, chief investment officer at Embark Group, discusses the outlook for gold, bonds and equities as central bank bazookas and government fiscal efforts upend traditional safe-have investments. He speaks on “Bloomberg Markets: European Open.” …read more […]
Trading Ideas
Trading Ideas
Europe Is Going to Head Into a Technical Recession: OMFIF’s Kyriakopoulou
Mar.23 — Danae Kyriakopoulou, chief economist at OMFIF, discusses her outlook for the European economy as the fallout from the spread of the coronavirus takes its toll. She speaks on “Bloomberg Markets: European Open.” …read more […]
Trading Ideas
Covid-19 patient and NHS nurse appeal to UK public to act responsibly amid coronavirus outbreak
As the coronavirus pandemic spreads, the UK is among nations where concerns are rising about how to tackle the health crisis in community hospitals. Two social media videos that have been widely shared online feature remarks from a Covid-19 patient and a National Health Service (NHS) nurse who each urge people in Britain to act responsibly. …read more […]
Business News
Shell cuts 2020 spending by $5 billion, suspends share buyback
Royal Dutch Shell will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday.