S&P 500 Futures drop for the eighth consecutive day as bears eye 3,400. Hopes of US stimulus fade, Russia/Iran meddle in the American presidential election. COVID-19 woes join doubts over soft Brexit to challenge the earlier risk-on mood. S&P 500 Futures stay heavy around 3,413, down 0.55% intraday, duringRead More →
Japanese yen, geopolitical risks, tension between the United States and China, Bank of Japan interest rate decision – DISCUSSION POINTS Japanese Yen May Rise on U.S.-China Geopolitical Tension, Bank of Japan Rate Decision Tension over Hong Kong creates a rift between Pacific countries, endangering the Australian dollar and NewRead More →
The Dow Jones plummeted by 2.84% on June 26, recording a 9.27% fall since the month’s peak. As risk-on assets face the fear of a correction, the vulnerability of a near-term Bitcoin (BTC) price pullback may increase. While many fundamental factors are causing a stock market downtrend, analysts are pointingRead More →
© Reuters. Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania By Matthew Green LONDON (Reuters) – Cheap renewable energy, climate policies and the coronavirus are pushing fossil fuel companies towardsRead More →
Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to aRead More →
© Reuters. A HNA Group logo is seen on the building of HNA Plaza in Beijing By Gabriel Crossley and Zoey Zhang BEIJING (Reuters) – HNA Group has asked the government of China’s province of Hainan to lead a work group dedicated to resolving its increasing liquidity risks after aRead More →
(Bloomberg) — Federal Reserve officials viewed their current monetary policy as appropriate “for a time” while they remained on guard against domestic and global risks that could slow the longest U.S. expansion on record. “Participants discussed how maintaining the current policy stance for a time could be helpful in supportingRead More →
U.S. Treasury yields traded higher on Tuesday as reports that the spread of COVID-19 may be slowing down helped to cheapen prices for government paper, drawing investors to the Treasury Department debt auction in the afternoon. Federal Reserve Chairman Jerome Powell testified in front of the House Financial Services Committee,Read More →
Apple reported blowout earnings after the stock market closed Tuesday. Earnings were better than the consensus and the whisper numbers. Still, those numbers are in the rearview mirror. Let’s look ahead: The prospects for iPhone 12, a 5G-based phone, just got better. However, Apple investors and those who want toRead More →
© Reuters. Investors look at computer screens showing stock information at a brokerage house in Shanghai By Wayne Cole SYDNEY (Reuters) – Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.Read More →
Bloomberg News/Landov Boston Fed President Eric Rosengren Despite the benign environment, the Federal Reserve is actually in uncharted territory and should be alert to potential risks to the outlook, said Boston Fed President Eric Rosengren on Monday. “Private forecasters and [Federal Open Market Committee] participants anticipate a good outcome forRead More →
© Reuters. A general view of Huawei’s first global flagship store WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) said on Friday it will accept public comments until Feb. 3 on its determination that China’s Huawei Technologies Co Ltd and ZTE Corp (HK:) pose national security risks. In November,Read More →
‘If there’s a probability or possibility that there could be a unified Democratic administration… then it’s highly likely that the tax cut of 2017 would be rolled back. Then you’re looking at… possibly even up to a 20% correction on the S&P.’ That’s Tim Moe, Goldman Sachs chief Asia-Pacific equityRead More →
Oil prices have climbed as global supplies have fallen so far this year thanks to efforts by the Organization of the Petroleum Exporting Countries and their allies, but growth in U.S. shale output and a slowdown in crude demand threaten to ruin that progress. Those are among the big issuesRead More →
© Reuters. FILE PHOTO: A Saudi Aramco sign at the company’s Abqaiq oil plant By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have aRead More →
By Hideyuki Sano TOKYO (Reuters) – A rally in global shares stalled, with Asian markets stuck in tight ranges early on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed. MSCI’s broadest index of Asia-PacificRead More →
Bloomberg News Jamie Dimon, chief executive officer of JPMorgan Chase & Co. JPMorgan Chase & Co CEO Jamie Dimon said Friday that the turmoil in the plumbing of the financial system last month may be precursor of a bigger crisis if the Federal Reserve doesn’t learn from the experience. DuringRead More →
Risks of a U.S. corporate bond selloff often run high into the final months of the year when liquidity can get pinched and credit spreads widen. But this year could be particularly painful for investors who took up corporate bonds at today’s relatively low spreads, which are the level ofRead More →
Put down the T-bone and slowly back away from that side order of ribs. Nutritionists across the country are hitting back hard after a new collection of studies alleged that red meat and processed meats — including steak, ribs, bacon and salami — are fine for your health after all.Read More →
Former smokers are prone to replacing one habit with another. Between 2005 and 2016, major depression among former smokers rose to 6% from nearly 5%. They also said their use of marijuana had increased to 10.1% from 5.3% in the year prior to being interviewed, and binge drinking rose toRead More →
Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump’s trade war and growing worries about slowing economies around the world. Trump on Sunday dismissed worries about a recession, touting a strong economy. “I don’t think we’re having a recession,” he told reporters asRead More →
“If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger U.S. and global financial stability.” That’s what a group of Democrats on the House Financial Services Committee said to Facebook Inc. on Tuesday, in a letter asking the techRead More →
At a time that U.S. stock markets are partying like there is no tomorrow, global bond markets, together with actions by the world’s major central banks, are telling a very different story. They seem to be warning that Europe could soon be experiencing major crises in the United Kingdom andRead More →
Reuters/Courtesy of Beyond Meat The Beyond Burger is made of plants and contains no animal products, but it does contain pea-protein isolate. Beyond Meat, the maker of the Beyond Burger BYND, +39.35% the plant-based meat substitute that looks and tastes like beef that’s sold at Whole Foods AMZN, +2.83% Read More →
© Reuters. Man is seen in front of an electronic board showing stock information on the first day of trading in the Year of the Pig at a brokerage house in Hangzhou By Wayne Cole SYDNEY (Reuters) – Asian share markets dithered on Friday as investors waited for concrete signsRead More →
