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Business News
Stock futures fall as investors seek stimulus to combat virus spread
U.S. stock index futures were down 2% on Wednesday after strong gains in the previous session, with investors growing frustrated about the lack of details on fiscal stimulus floated by President Donald Trump to combat the coronavirus epidemic.
Business News
U.S. farmers still dependent on trade aid after China deal
As U.S. President Donald Trump touted the signing of a U.S.-China trade deal in January, he told cash-strapped farmers they would soon need bigger tractors and “a little more land” to meet additional Chinese demand for U.S. agricultural goods.
Business News
BoE’s Carney: No reason why UK economy should be hit as badly as 2008
There is no reason why the coronavirus outbreak should damage Britain’s economy as badly as the financial crisis did in 2008, Bank of England Governor Mark Carney said on Wednesday.
Trading Ideas
Trade Alert: The Independent Chairman of the Board Of The Chemours Company (NYSE:CC), Richard Brown, Has Just Spent US$105k Buying Shares
Investors who take an interest in The Chemours Company (NYSE:CC) should definitely note that the Independent Chairman… …read more […]
Business News
Explainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?
The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses.
Trading Ideas
Explainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?
The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses. Americans are mostly exposed to stocks via their 401(k) retirement plans. According to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University, 84% of stocks owned by U.S. households are owned by the wealthiest 10% of Americans. …read more […]
Trading Ideas
Have stocks really become cheaper?: Morning Brief
Top news and what to watch in the markets on Wednesday, March 11, 2020. …read more […]
Business News
Highlights: Bank of England governor speaks at press conference
The Bank of England governor Mark Carney and his successor, Andrew Bailey, spoke at a press conference after the central bank unexpectedly cut interest rates by half a percentage point to 0.25% on Wednesday.
Business News
Oil falls as Saudi Aramco aims to increase output capacity
Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread of the coronavirus.
Trading Ideas
How long should I keep my tax returns? Answer: It depends
If you’ve crossed the finish line and already filed your taxes this year, remember to keep that info in a secure place. …read more […]
Business News
Fiat Chrysler temporarily halts some Italian plants to battle virus
Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, the largest in Europe, a spokesman for the automaker said on Wednesday.
Business News
Stocks gain after emergency BoE cut adds to stimulus hopes
European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak.
Trading Ideas
Saudi Arabia Will Boost Oil Output Capacity to 13 Million Barrels a Day
(Bloomberg) — Saudi Arabia ordered state-run oil producer Aramco to boost the kingdom’s output capacity by 1 million barrels a day, the latest escalation in a battle for control of the global petroleum market.While delivering the extra capacity may take years and many billions of dollars in investment, the decision shows that Crown Prince Mohammed bin Salman has little intention of pulling back from his aggressive response to the breakdown of OPEC’s alliance with Russia and other oil producers.The country’s energy ministry, headed by Prince Mohammed’s half-brother, ordered Saudi Aramco to boost its output capacity for the first time in …read more […]
Business News
Saudi announces plan to boost oil production capacity for first time in years
Saudi Arabia said on Wednesday it plans to boost oil production capacity for the first time in more than a decade, a day after it announced a record high hike in crude supply in a battle for market share that has hammered global prices this week.