Financial markets have been in focus as the novel coronavirus continues to spread through the U.S. but what exactly are the economic stakes of the health crisis? …read more […]
U.S. President Donald Trump confirmed in a Saturday afternoon press conference he has been tested for the novel coronavirus (COVID-19). This comes less than a day after Trump declared a national emergency over the outbreak.”I had my temperature taken coming into the room, I also took the test last night,” Trump told reporters.Trump recently hosted a Brazilian delegation at his Mar-a-Lago resort in Florida, where he came into contact with multiple people who have tested positive for the coronavirus. On Friday, Brazilian President Jair Bolsonaro said he tested negative for the coronavirus; Reuters has reported he will be retested early …read more […]
U.S. President Donald Trump on Friday said that major cruise lines including Royal Caribbean would suspend cruises for 30 days at his request after repeated transmission of coronavirus among passengers at sea. In this same week Princess Cruises, the operator of two ocean liners that were quarantined after they became hotbeds for coronavirus infections, suspended the voyages of all its 18 ships for two months. …read more […]
Editor’s Note: Oil prices may have dropped – but when it comes to global production, it’s full steam ahead. This creates an unprecedented environment for today’s investors.
And there’s no one better to unpack this “perfect storm for oil” than new Wealthy Retirement Contributing Analyst Jody Chudley.
Jody is an accountant with two decades of experience in international banking and analysis. With an income focus and a contrarian spin, Jody fits right in with our philosophy – and we can’t wait to hear more of his insight.
Please join us in welcoming him to Wealthy Retirement. And read on below for his take …read more […]
Shareholders in Paratek Pharmaceuticals, Inc. (NASDAQ:PRTK) had a terrible week, as shares crashed 37% to US$2.92 in… …read more […]
(Bloomberg) — Ray Dalio’s macro fund dropped about 20% this year as the billionaire fund manager found himself on the wrong side of a market rout caused by the escalating coronavirus pandemic.Bridgewater Associates’ Pure Alpha Fund II tumbled roughly 13% this month through Thursday, according to people familiar with its performance, following an 8% drop in the first two months of the year. The firm manages about $160 billion, with about half in its Pure Alpha macro strategy.It’s not known how Bridgewater performed through the end of the week. U.S. stocks jumped the most since 2008 on Friday, gaining more …read more […]
COVID-19 caused by the new coronavirus is having far-reaching consequences for individuals, corporations and the global economy at large. An analyst at UBS sifted through the semiconductor space to see how each of these companies will cope up under three potential macroeconomic scenarios.The Scenarios Analyst Timothy Arcuri considered for his analysis three potential macroeconomic scenarios set forth by UBS’ Global Economic/Strategy team.Baseline: Situation coming under control in four to six weeks; China supply chain limping back to normalcy by the end of March; disruptions persisting in Korea, Japan and ItalyIntermediate Downside: Infections multiply 1,000 times but things brought …read more […]
One of the biggest stories of last week was how Novavax, Inc. (NASDAQ:NVAX) shares plunged 33% in the week since its… …read more […]
To the annoyance of some shareholders, Kirkland Lake Gold (TSE:KL) shares are down a considerable 34% in the last… …read more […]
Here’s what’s in this round of Washington’s legislative response to the crisis and some hints from within the 110-page bill about how soon the measures may have an impact in communities struggling with this crisis. …read more […]
A GFL Environmental IPO recently hit the markets. After delaying the IPO twice, the company finally followed through amid the coronavirus chaos.
The Canadian company is growing. And the numbers it’s reported were more than enough to catch investors’ interest. The GFL IPO was a success. But why? Here’s what we know….
GFL IPO: The Business
Patrick Dovigi, a Canadian former hockey goalie, founded GFL Environmental in 2007. He currently serves as CEO. The Ontario-based company is the fourth largest diversified waste management company in North America. Its services include solid and liquid waste management as well as infrastructure and soil remediation.
GFL operates …read more […]
Today we’ll look at Baidu, Inc. (NASDAQ:BIDU) and reflect on its potential as an investment. Specifically, we’ll… …read more […]
How is Warren Buffett faring during the coronavirus? …read more […]
Even before the virus, the fundamentals of companies and markets were already showing “a lot of warning signs.” …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
