It is gearing up to be another potentially volatile week for markets as coronavirus cases continue to rise and economic data reveals the outbreak’s damage on the U.S. economy. …read more […]
Everyday investors could have lost 30% or more during the cornavirus crash depending on how they’ve invested. It’s hard to look at the numbers. …read more […]
Economists estimate a historic drop in GDP as the coronavirus halts activity. …read more […]
The coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation’s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin, speaking on the “Fox News Sunday” television program, said the additional liquidity measures would allow the U.S. central bank to help a broad base of businesses to get through next 90 to 120 days. Trump administration officials hoped to finalize the legislation on Sunday and see a vote on Monday, Mnuchin said, …read more […]
NYSE will operate on a full electronic basis starting Monday after temporarily shutting down its iconic trading floor. Its unclear how long the temporary shutdown will last. …read more […]
In the battle against the coronavirus, who will be able to defeat this formidable foe? In the three months since the onset of this public health crisis, names from all over the world have stepped up, hoping their approach will ultimately yield success. Those at the front lines currently represent the U.S., Europe and China. As the outbreak escalated into a pandemic, even the most intense rivals have been working together to find solutions. However, at the end of the day, the fight underscores a geopolitical competition, with the first nation to produce an effective weapon against the virus …read more […]
Investors who take an interest in Alliance Data Systems Corporation (NYSE:ADS) should definitely note that the… …read more […]
(Bloomberg) — The crisis in the oil industry is so bad that Texas regulators are weighing whether to coordinate production cuts with OPEC. If they’re looking for advice, they should look no further than the man who first went to Vienna on behalf of the state’s oil industry.In 1988, Kent Hance, a member of the Texas Railroad Commission, boarded a plane to meet with the Organization of Petroleum Exporting Countries. Back then, crude was trading in the teens, threatening the future of his state’s main industry.“It was tough times,” Hance, who now has his own law firm in Austin, recalled …read more […]
In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so.
In normal times massive unemployment and a collapse in economic output would be tragic.
(Bloomberg) — Equity markets in the Middle East extended losses on Sunday despite regional governments trying to blunt the impact of coronavirus with economic stimulus measures.Abu Dhabi’s main gauge lost the most in the region, while shares in Dubai, Saudi Arabia, Qatar and Bahrain also fell. The losses came after oil tumbled on Friday on concern that the collapse of global energy demand will deepen.Over the weekend, Dubai’s ruler, Sheikh Mohammed Bin Rashid Al Maktoum, asked local banks to offer companies relief, including via repayment deferrals. Emirates NBD PJSC, Dubai’s biggest lender, lost as much as 4.9% as trading resumed. …read more […]
We’re going to be paying close attention to the 50% level at $1473.00 next week. Trader reaction to this level could set the tone in the market over the short-run. The next upside target is $1580.40 to $1610.50. …read more […]
The majors are on the move through the morning. A move through Saturday highs would support a breakout on the day… …read more […]
Netflix Inc said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government “shelter in place” orders aimed at slowing the coronavirus outbreak.
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