UBS Head of Equity Derivatives Research Stuart Kaiser joins On The Move to discuss why the sell off amid the coronavirus outbreak is not done and what investors can do to offset their losses. …read more […]
There are many recent concerns about the coronavirus. Plus there’s worry about the Democratic primary. And an oil war with OPEC members. Stock markets have been tumbling. In fact, they have entered into correction territory. But what exactly is a stock market correction?
A stock market correction is any time that the stock market falls 10% from its most recent peak. For example, let’s say the Dow Jones today is at 29,000. But over the next few months it falls 11% to 25,810. This would be considered a stock market correction.
Now, a market correction doesn’t necessarily mean the market was “wrong” …read more […]
Equinor reported the oil industry’s first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.
Boeing Co said on Wednesday it took in 18 new orders for widebody planes in February but saw more customers cancel orders of its grounded and previously best-selling 737 MAX jet, as it faced another blow to demand from the coronavirus outbreak.
The U.S. planemaker, which had failed to secure any order in January for the first time in decades, said some customers swapped 737 MAX orders in favor of more expensive wide-body planes. Boeing had received 49 new orders in the first two months of 2019. The company, struggling with a crisis that started a year ago following the second of two fatal crashes involving the 737 MAX, said it delivered just 30 planes to customers in the first two months, down from 95 a year ago. …read more […]
Is former Vice President Joe Biden good for the stock market? …read more […]
President Trump has called an emergency meeting with health officials as the coronavirus outbreak escalates globally. Yahoo Finance’s Jessica Smith joins the On the Move panel from Washington, D.C. to discuss the latest update. …read more […]
PepsiCo Inc on Wednesday made its biggest bet in the energy drinks market with a $3.85 billion deal to buy Rockstar Energy Beverages, opening a new front in its long-running battle with Coca-Cola Co .
Boeing Co is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions from the coronavirus, Bloomberg reported on Wednesday, citing unnamed sources.
German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement there the impact had spread to other markets.
The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices.
Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) cut oil demand forecasts because of the coronavirus outbreak.
The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters review of SEC actions and industry and regulatory sources — just as fears of a global recession hit the booming private credit market.
U.S. stock indexes dropped sharply on Wednesday after attempting a rebound in the previous session, on skepticism around President Donald Trump’s stimulus plan to combat the coronavirus outbreak.
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