Trading Ideas

The move comes a day after California allowed manufacturers in the state to reopen operations, shut due to coronavirus-led lockdowns, which drew an enthusiastic “Yeah!!” on Twitter from Tesla Chief Executive Officer Elon Musk. Musk said Tesla aims to restart its Fremont factory on Friday afternoon, according to the Bloomberg report https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e. …read more […]

Stock futures rose Friday morning, holding onto gains after a regular-session rally Thursday sent the Nasdaq back into positive territory for the year to date. …read more […]

Editor’s Note: Millions of folks have had their lives disrupted by the coronavirus crisis. And anytime your financial situation changes – whether due to this crisis or when you retire, for example – it’s crucial to reexamine your priorities when it comes to your money and spending. Below, Mark has a few simple steps to help anyone stay on target with their wealth-building goals.

Most people don’t manage their income. They bank it and spend it. This is obviously crazy.
Some people do try to manage their income by budgeting. This typically means that you look at what your income is likely …read more […]

(Bloomberg) — Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash.Assets in money-market funds have soared to a record $4.77 trillion amid a flight to safety by investors this year. More than three-quarters of that is parked in Treasury-only and other government funds perceived to be the least risky, Investment Company Institute data show, in part because of regulatory reforms in 2016 that triggered an exodus from prime funds.Giants of the industry like Vanguard Group …read more […]

Top news and what to watch in the markets on Friday, May 8, 2020. …read more […]

The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”. Tchnology stocks saw the first week of outflows so far this year, with investors redeeming $43 million worth, BofA said its weekly research note. Investors added $11.3 billion into bonds and $53.5 billion into cash in the past week, BofA said, with an internal indicator of sentiment at “extreme bearish”. …read more […]

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(Bloomberg) — Wall Street’s biggest firms are divided on where markets are heading to next.While most risk assets are well off their mid-March lows, when uncertainty about the global impact of the coronavirus outbreak was at its peak, there is little consensus on what is to follow. At the core of the debate is the long-term effectiveness of the massive stimulus from central banks and governments.When $8 Trillion in Global Fiscal Stimulus Still Isn’t EnoughCitigroup Inc., for one, doesn’t get the “puzzling” rise in stocks.“Extensive policy response, led by ample liquidity provided by central banks, likely contributed to the move …read more […]

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The tech giants plan to re-open offices soon but will allow employees to work remotely throughout 2020. …read more […]

Lower interest rates would further weigh on bond yields and boost demand for non-yielding bullion, which hit a near two-week peak in the last session. Spot gold was steady at $1,715.23 per ounce, as of 0315 GMT, having hit its highest since April 27 at $1,721.76 in the previous session. U.S. gold futures added 0.1% to $1,727. …read more […]

Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic. Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday. “Even with the early signs that demand is beginning to stabilise, inventory builds are likely to continue for some time, and storage capacity (usage) continues to creep up,” said Stephen Innes, chief market strategist at AxiCorp. …read more […]