Trading Ideas

Each of the three major indices was off more than 2% in early trading. …read more […]

Whilst it may not be a huge deal, we thought it was good to see that the Goodrich Petroleum Corporation (NYSEMKT:GDP… …read more […]

…read more […]

Investors who take an interest in The Chemours Company (NYSE:CC) should definitely note that the Independent Chairman… …read more […]

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 […]

Top news and what to watch in the markets on Wednesday, March 11, 2020. …read more […]

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 […]

(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 […]

(Bloomberg) — Christine Lagarde said Europe risks a major economic shock similar to the financial crisis unless leaders act urgently on the coronavirus, and indicated the European Central Bank will take steps as soon as this week.The ECB president told European Union leaders on a conference call late on Tuesday that without coordinated action Europe “will see a scenario that will remind many of us of the 2008 Great Financial Crisis,” according to a person familiar with her comments. With the right response, the shock will likely prove temporary, she added.German bunds fell, with the yield on 30-year debt rising …read more […]

(Bloomberg) — Oil’s historic price crash is prompting the Chinese government to consider buying more crude for state reserves, according to people with knowledge of the matter.Top planning officials are consulting with Chinese government agencies and state-owned energy companies about the possibility of bolstering the nation’s strategic stockpiles with cheap oil, the people said, asking not to be identified because the matter is confidential. Beijing is yet to decide whether to proceed, they said.A bout of opportunistic buying by China could help ease the deluge of crude that’s about to hit the global market as the world’s biggest producers embark …read more […]

…read more […]

(Bloomberg) — Oil extended a rebound from its biggest crash in a generation as the prospect of U.S. stimulus to shield against the fallout from the coronavirus tempered fears over an unprecedented supply-demand shock.Brent crude rose 4% in London and has now recouped around half of Monday’s collapse. U.S. President Donald Trump pitched a payroll tax holiday and relief for the travel and hospitality sectors to combat the virus’s impact, while some Republican senators have suggested a federal bailout for the shale industry.That was after Saudi Arabia upped the ante its oil price war with Russia, pledging to supply a …read more […]

Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Australian shares were down 2.02%, while Japan’s Nikkei stock index slid 1.28%. Earlier this week, U.S. President Donald Trump said he would take “major steps” to ease economic strains caused by the spread of the flu-like virus. …read more […]

(Bloomberg) — Boeing Co. and Airbus SE, which until recently couldn’t make planes fast enough to satisfy airlines, are suddenly contending with the opposite risk: churning out jets with no buyers.Demand for new aircraft is drying up as customers wary of the coronavirus shun air travel, ending the longest boom in aviation history. That 16-year surge began as airlines emerged from another infectious disease crisis, the one related to Severe Acute Respiratory Syndrome, or SARS. Now the new virus points to leaner times.In less than a month, the tumult has clipped about $175 billion in market value from the U.S. …read more […]

In a separate tweet, Musk said: “Model Y production for east coast too.” Tesla in late January said it had started production of the Model Y, its electric compact sports utility vehicle, at its factory in Fremont, California, and planned to deliver the first vehicles by the end of March. Tesla did not immediately respond to a request for comment after regular business hours on Tuesday. …read more […]