Trading Ideas

Let’s talk about the oil industry. The coronavirus outbreak is impacting demand, as quarantines and travel restrictions reduce airline bookings, ship sailings, trucking schedules – all the fuel-burning transport of the modern world. And as demand goes down, production will fall, oil prices will fall, oil sales will fall – and share values in the energy sector will drop. One indicator, at least, is already clear: the oil benchmark, Brent, is down 17% since February 20.But the coronavirus outbreak will pass. A vaccine will be found, quarantines will be lifted, trade and travel will resume – the ripples will weaken …read more […]

Regional conflict sowed by Iran is a bigger threat to the world and Trump than the coronavirus, Nouriel Roubini told Yahoo Finance. …read more […]

Former chairman and CEO of industrial giant General Electric Jack Welch has died at the age of 84. His wife Suzy announced his death, according to CNBC. …read more […]

(Bloomberg) — New York Governor Andrew Cuomo said he expects more cases after the state identified its first coronavirus patient, while Iran and South Korea reported another surge in infections. The OECD warned that global economic growth will sink to levels not seen in more than a decade and stocks resumed declines.The European Union set up a special team to deal with the outbreak as cases rose from Italy to Spain. Earlier, central banks pledged to respond to the rout in markets. Goldman Sachs predicted the Federal Reserve will cut rates by half a point and money markets are anticipating …read more […]

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Regeneron Pharmaceuticals (NASDAQ:REGN) shareholders are no doubt pleased to see that the share price has had a great… …read more […]

Wendy’s has re-entered the breakfast wars. Yahoo Finance goes behind the scenes of the big launch with Wendy’s CEO Todd Penegor. …read more […]

(Bloomberg) — Global central banks promised to act as needed to stabilize markets rattled by the coronavirus as the OECD warned the world economy faces its “greatest danger” since the financial crisis more than a decade ago.In an emergency statement, Governor Haruhiko Kuroda said the Bank of Japan will “strive to provide ample liquidity and ensure stability in financial markets.” The Bank of England followed by saying it’s working with U.K. and international authorities to “ensure all necessary steps are taken to protect financial and monetary stability.”Already on Friday, Federal Reserve Chairman Jerome Powell opened the door to cutting interest …read more […]

(Bloomberg) — A rebound in Indian equities, from their worst week in a decade as of Friday, proved to be short lived.Stocks reversed gains in the last hour of the session, with the benchmark index briefly nearing the correction zone, after the health ministry reported two new coronavirus cases on Monday. The S&P BSE Sensex closed at 38,144.02, down 0.4%, after rising as much as 2.1% earlier in the day. It’s the longest stretch of losses for the gauge in more than nine months, data compiled by Bloomberg show. The NSE Nifty 50 Index fell 0.6% while the India NSE …read more […]

Top news and what to watch in the markets on Monday, March 2, 2020. …read more […]

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Let’s talk about the popular JD.com, Inc. (NASDAQ:JD). The company’s shares received a lot of attention from a… …read more […]

(Bloomberg) — Huawei Technologies Co., the Chinese technology giant barred from doing business with U.S. suppliers, is finding a way around the strict limits imposed by the Trump administration.The Commerce Department, citing national security concerns, has largely forbidden American companies from selling Huawei the computer chips it needs to make a piece of equipment integral to newly introduced high-speed wireless networks. In response, China’s largest technology company ramped up its own capabilities to manufacture the gear, which is known as a base station.In a sign that the self-reliance is working, Huawei in the fourth quarter sold more than 50,000 of …read more […]

(Bloomberg) — Asia’s manufacturing took a tumble in February under the weight of the rapidly spreading coronavirus, with a severe contraction in activity in China driving down output across the region.China’s factory index from IHS Markit dropped to the lowest since the series began in 2004, according to figures released Monday. Reports in South Korea and Japan showed deeper slumps last month, while Taiwan also recorded weaker activity.The numbers show how the outbreak is rippling through the region, disrupting supply chains and depressing demand. Travel restrictions are widespread, schools and businesses are shuttered in some countries and governments are scrambling …read more […]