Potential CenturyLink, Inc. (NYSE:CTL) shareholders may wish to note that the Executive VP & CFO, Indraneel Dev… …read more […]
Those following along with Equinox Gold Corp. (TSE:EQX) will no doubt be intrigued by the recent purchase of shares by… …read more […]
Those following along with Cleveland-Cliffs Inc. (NYSE:CLF) will no doubt be intrigued by the recent purchase of… …read more […]
Unfortunately for some shareholders, the Caterpillar (NYSE:CAT) share price has dived 34% in the last thirty days… …read more […]
Top news and what to watch in the markets on Friday, March 13, 2020. …read more […]
Elon Musk is expected to defend a $2.2 billion deal in court next week criticized by shareholders as benefiting Musk at the expense of Tesla Inc , and the outcome may depend as much on the chief executive’s temperament as on the facts of the case. It remains to be seen which Musk will show up on Monday at a Delaware court, the nation’s leader on corporate issues, when he squares off against union pension funds and asset managers who claim they were misled about the benefits of Tesla buying SolarCity in 2016 for $2.2 billion. Getting it …read more […]
(Bloomberg Opinion) — In the wake of the coronavirus, enticing people to set a course for adventure on a floating mega-palace will be a difficult proposition.The public image of cruises, which for many older people are still associated with the 1970s American TV series “The Love Boat,” has been tarnished by the pandemic. On Thursday, Carnival Corp. said it would suspend all voyages by its Princess Cruises division, which suffered the only known outbreaks of coronavirus at sea, for 60 days. Cruising divides opinion at the best of times. Fans see it as a fun, hassle-free and cost-effective way to …read more […]
To the annoyance of some shareholders, Deutsche Lufthansa (ETR:LHA) shares are down a considerable 42% in the last… …read more […]
The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have… …read more […]
(Bloomberg) — On the last day of a historic week for global markets, there’s little sign of an end to the volatility that roiled bonds and currencies and sent stocks to their steepest plunge since the depths of the global financial crisis.Mounting concerns that the coronavirus pandemic will spark a worldwide recession fueled a fresh round of selling in Asia on Friday. The slide triggered trading halts in Thailand, South Korea and Indonesia, while Japanese equities sank as much as 10%. Some policy makers rushed to limit wild fluctuations in currencies and sovereign debt.Here’s what strategists and investors are saying …read more […]
(Bloomberg) — Stocks tumbled in Asia following the worst Wall Street session since 1987, with investors spooked that emergency fiscal and monetary packages won’t be enough to stave off a recession. Treasuries edged up with the dollar.Japanese equities plunged 10% at one point and Korean stocks sank more than 8%. The slide triggered trading halts in Thailand, Indonesia, India and South Korea. Global equities are heading for their worst week since 2008 as investors price in a severely weaker outlook due to the impact of the coronavirus pandemic. Futures on the S&P 500 dropped more than 2% after the index …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
(Bloomberg) — Michael Burry said he amassed a “significant” bearish wager that’s performing well as riskier assets tumble and warned of an exodus from passive investments as the coronavirus pandemic batters the global economy.The California-based money manager, who shot to fame after betting against mortgage securities before the 2008 financial crisis, said recent market turmoil may burst the “bubble” in passive investing that he’s been warning about since August. Burry said central bank stimulus, which underpinned an 11-year bull market in large-cap stocks, can’t do much to help during a pandemic.“I have had a significant bearish market bet that is …read more […]
(Bloomberg) — Among China’s equity trading community, a risky triumphalism is taking root. The nation, the argument goes, is shielded from global volatility and patriotic investing will be rewarded.It’s not hard to see why. The Shanghai stock benchmark is the only gauge of note worldwide to post gains in the past month, while others are tumbling into bear markets. Against the S&P 500 Index, the Chinese index is nearing its highest level in almost two years.Fueling Chinese confidence is a sense that the country is gaining victory over the coronavirus that first spread in Wuhan. President Xi Jinping visited the …read more […]
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