Wearing a mask has become a particularly burning issue in the United States, which is in the midst of a coronavirus crisis that seems to be getting out of hand on a daily basis. However, a recent report by Goldman Sachs indicates that the lack of a national policyRead More →
The ride from here could get a lot bumpier after the Dow registered its worst one-day loss since June 11 on Friday, knocking the blue-chip index to its lowest point since May 26, and at least momentarily knocking the wind out of equity investors who may be gradually losing theirRead More →
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarityRead More →
Don’t bet on a “wall of cash” to come streaming into the stock market. Equity analysts have touted the $4.7 trillion held in U.S. money-market funds as a proxy for the excess cash held by investors that might make its way into stocks. Some money managers say they have keptRead More →
The Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. “Consumers who have beenRead More →
The stock market, particularly in its current state, is no place for amateurs. Sullimar Capital analyst Bill Brewster delivered that message to followers in a heartbreaking Twitter TWTR, -0.96% thread in which he shared a family member’s tragic foray into trading. Here’s the full story: Alex Kearns, just 20 yearsRead More →
Billionaire CEO Jeff Bezos is honoring Juneeteeth on Friday as a day of edification at Amazon.com and urging employees to attend “learnings opportunities,” to recognize the end of slavery in America. Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery inRead More →
Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency against its majorRead More →
Tales of out-of-work 20- and 30-somethings using coronavirus stimulus checks to scoop up stocks on Wall Street with reckless abandon are coming fast and furious, but the reasons behind the recent fervor for investing is, perhaps, far simpler. MarketWatch has written a bit about the rising influence of retail investorsRead More →
Adobe Inc. shares rose in the extended session Thursday after the software company’s earnings and contract revenue topped Wall Street estimates as the drive for mobile workplaces because of COVID-19 increased demand for its digital products. Adobe ADBE, -4.70% shares rose 4.4% after hours, following a 4.7% decline in theRead More →
U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? FuturesRead More →
At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber UBER, +2.14% or a Lyft LYFT, +7.02% I often find myself talking to the driver. About the job, the company, the passengers, and so on. One ofRead More →
Democratic politician Stacey Abrams, a potential running mate for Joe Biden, called for a different approach to casting ballots this year due to the coronavirus pandemic, as she testified on Wednesday at a House hearing on protecting the right to vote. “One of the challenges facing our nation is aRead More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. The clashes between police and protesters come while the U.S., and much of the world, is in the throes of the coronavirus pandemic that has rocked the domestic economy to itsRead More →
Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise on record. “Demand is rising, and production is falling, but China might be the fly in the oilRead More →
U.S. stock futures indicated a powerful open for Wall Street on Tuesday after a long holiday weekend, as investors seized on fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown. How are benchmarks trading? Dow Jones Industrial Average futures YMM20,Read More →
Getty Images The biggest decline on Wall Street since the financial panic a decade ago reflects the rising angst over whether the COVID-19 coronavirus can be contained. The U.S. is flying blind when it comes to the economy: recent indicators have been rendered useless by the COVID-19 epidemic and itsRead More →
The breadth and intensity of this week’s coronavirus-fueled selloff in U.S. stocks has some analysts scratching their heads. Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn’t right with a market that was just enjoying a record close days ago. “ThisRead More →
European stocks slumped on Thursday, as new virus cases mount outside of China, including the first from an unknown source in the United States. The Stoxx Europe 600 SXXP, -2.29% dropped 2.1% to 396.31, which is roughly at the lows of Wednesday. Banks, including BNP Paribas BNP, -3.67%, and insurers,Read More →
Kevin Muir of “The Macro Tourist” admits he’s typically an ursus arctos horribilis — grizzly bear — when it comes to the bond market, but, with stocks selling off hard, he can’t resist a trade he says is “setting up beautifully” in this climate. “I am aware that the virusRead More →
It finally happened. A bona fide selloff took hold Monday on Wall Street after investors spent weeks attempting to come to terms with the potential impact of the COVID-19 outbreak as it spreads in countries outside of China, notably Italy and Iran, threatening to dent global supply chains and economies.Read More →
As investors were waking up to a nasty selloff in global stocks on Monday, CNBC’s Jim Cramer was already up early to fire off a string of tweets in an attempt to “just deal with the facts” about the potential impact of the coronavirus outbreak. His first one hit atRead More →
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Those hopes appear to have been dashed. A spreading coronavirus in China and elsewhere is snarling global supply chains, making itRead More →
U.S. Treasury yields extended their weeklong slump on Friday as investors worried that the economic impact of COVID-19 may not be contained to China, and is spilling over into neighboring regions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -3.50% fell 5.4 basis points to a more thanRead More →
