Trading Ideas

France’s competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros for anti-competitive behavior in its distribution network and an abuse of economic dependence on its resellers. Apple wholesalers Tech Data and Ingram Micro were also fined 76 million and 63 million euros, respectively, for unlawfully agreeing on prices, the authority said. “Apple and its two wholesalers have agreed not to compete with each other and to prevent distributors from competing with each other, thereby sterilizing the wholesale market for Apple products,” the authority’s head Isabelle de Silva said. …read more […]

Top news and what to watch in the markets on Monday, March 16, 2020. …read more […]

(Bloomberg) — A measure of fear in U.S. stocks surged to the highest since 2009, surpassing last week’s peak as an emergency move by the Federal Reserve to ease policy did little to calm markets on edge over the spreading coronavirus.The generic front-month futures contract for the CBOE Volatility Index jumped as high as 57.9 on Monday. The gauge measures traders’ expectations for where the VIX will trade a month from now.Wall Street’s fear barometer, which tracks the 30-day implied volatility of the S&P 500 based on out-of-the-money options prices, wasn’t quoted as of 9:15 a.m. London time. A notice …read more […]

During Sunday’s debate, former Vice President Biden outlined “a major, major, major bailout package” that he said would be focused on individuals and not on corporations. …read more […]

Oil companies are betting big on “carbon capture” technology that sucks greenhouse gases out of smokestacks and the air. It could help a polluting industry remake itself. But is it too little, too late? …read more […]

The post Test appeared first on Investment U. …read more […]

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As hysteria surrounding the illness drives some to stockpile toilet tissue, it’s also causing many to worry about a shortage of guns and ammunition. …read more […]

(Bloomberg) — Tencent Holdings Ltd. picked up millions of new gamers during the global coronavirus outbreak — yet that surge in mobile play may be slowing as the world’s No. 2 economy goes back to work.The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor of Kings and Peacekeeper Elite. That helped the company gain $25 billion of market value up to March 5, before a global market rout torpedoed the stock along with the rest of the market. WeChat operator Tencent is now expected to report its fastest pace of …read more […]

Mar.16 — There are now over 166,000 coronavirus cases worldwide, and more than 6.400 deaths have been reported, as infections outside China surpass those on the mainland. Stephen Engle and Selina Wang report on “Bloomberg Markets: Asia.” …read more […]

For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and crews hard to drive drilling costs down by about $20 a barrel. The oil market rout last week, however, has left most shale firms facing prices below their costs of production. The Organization of the Petroleum Exporting Countries (OPEC) and major oil producers including Russia have turned on each other to launch a price war that threatens to sink shale companies burdened with higher costs. …read more […]

Mar.16 — Beijing is now imposing a two-week quarantine on all people arriving from overseas, including Chinese citizens. The government has shifted its focus on limiting imported coronavirus cases as the number of infections outside China exceeds those on the mainland. Bloomberg’s Selina Wang reports on “Bloomberg Markets: China Open.” …read more […]

(Bloomberg) — The Federal Reserve’s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with S&P 500 Index futures falling by the limit and Treasury yields moving sharply lower at the start of what promises to be another volatile week.Early reactions on Wall Street to the Fed’s moves were mixed. Some said the measures will help stabilize jittery financial markets, while others warned that the central bank’s emergency actions risked adding to investor panic. One refrain from across the spectrum: global policy makers will have to roll out more monetary and fiscal stimulus to counter the economic …read more […]

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An historic shift into reverse gear for the Chinese economy could be one of the next consequences flowing from the spread of the novel coronavirus. That prospect threw Asian stock markets into reverse on Monday, despite economic stimulus measures in the U.S.The U.S. Federal Reserve, on Sunday (Monday morning in Asia) announced a full percentage point cut in its benchmark interest rate, reducing it to close to zero. The Fed also promised to inject liquidity into the economic system by buying at least $500 billion of Treasury securities and at least $200 billion of mortgage-backed securities. The Hong Kong Monetary …read more […]