




Why Trump's call to restart the economy in April is being derided as 'totally nuts'
Javier E. DavidYahoo FinanceMarch 24, 2020
The virtual shutdown of the U.S. economy is barely a week old, yet the debate over when to restart is already in full swing — even as coronavirus cases surge.
The coronavirus pandemic has infected nearly 400,000 people worldwide. With over a dozen U.S. states ordering citizens to remain indoors and shutting down establishments deemed non-essential, economists think the world’s largest economy has already been thrust into a deep recession.
The nearly $2 trillion stimulus package being hammered out in Washington is meant to help stave off the mounting economic carnage, but millions of jobs are still expected to be lost in the coming weeks.
The damage — both economic and political — has stoked a widening debate over when the U.S. can return to a semblance of normalcy. With his re-election chances likely to be defined by a recovery from the crisis, President Donald Trump on Tuesday called for the economy to be restarted by April 12.
“You’re basically turning off the country…that’s never been done before,” Trump told a Fox News town hall.
“Its been very painful for our country. It’s been very destabilizing for our country…but we have to go back to work,” the president added.
‘Totally nuts’
Yet public health experts and Wall Street economists are pushing back against the suggestion that the U.S. economy can restart in a matter of weeks, warning about the risks posed if infections continue to surge. There are now nearly 50,000 domestic COVID-19 cases, with New York considered an epicenter of new infections.
Graphic by David Foster/Yahoo Finance
Graphic by David Foster/Yahoo Finance
More
“The experience with China has been you shut down everything for 2-3 months, the number of [new] cases goes to zero, and then you restore economic activity gradually, and that’s the right thing to do,” economist Nouriel “Dr. Doom” Roubini told Yahoo Finance in an interview on Tuesday.
However, Roubini warned that accelerating that timetable would be a recipe for disaster — arguing that the U.S.’s caseload could easily top 500,000 within a month given the rapidly accelerating infection rate.
“This idea we’re going to restart everything soon enough in a week or so is totally nuts,” the famed economist said. “It’s the worst thing you can do, it’s going to be a nightmare and it’s going to imply that [the U.S.] ends up into a depression.”
He added: “Think about what’s going to happen to this economy if you don’t shut down everything for a month or two, whatever it takes, to stop this contagion.”
‘Messy, ugly debate’
The question of the appropriate timetable to normalize activity has been broached by an increasing number of people — including New York Gov. Andrew Cuomo, former White House Economic Advisor Gary Cohn, and ex-Goldman Sachs chief Lloyd Blankfein.
“Policymakers have taken bold public health & economic actions to address the coronavirus, but businesses need clarity,” Cohn posted on Twitter Sunday.
Lloyd Blankfein
✔
@lloydblankfein
Extreme measures to flatten the virus “curve” is sensible-for a time-to stretch out the strain on health infrastructure. But crushing the economy, jobs and morale is also a health issue-and beyond. Within a very few weeks let those with a lower risk to the disease return to work.
8,073
6:59 PM - Mar 22, 2020
Twitter Ads info and privacy
9,019 people are talking about this
“Otherwise they will assume the worst and make decisions to survive. Determining a future & appropriate end date for the economic shutdown is about balancing the enormous suffering from COVID-19 with the enormous suffering that unemployment and economic hardship create for the mental & physical health of our citizens,” he added.
Story continues
This stock market is full of drunken sailors, and you want to buy what they’re foolishly selling
BusinessMarketWatch
This stock market is full of drunken sailors, and you want to buy what they’re foolishly selling
The coronavirus is taking a terrible toll on human life and the global economy, but for stock investors, this crisis is an opportunity to increase the long-term return of your portfolio. My biggest hope is that capitalism will win — that pharmaceutical companies will find a cure or a vaccine for COVID-19. From today's perch a global recession looks unavoidable; in fact we are most likely already in recession.
The best way to spend your $1,200 stimulus check, according to financial advisers
PoliticsMarketWatch
The best way to spend your $1,200 stimulus check, according to financial advisers
The federal government is poised to send millions of adults checks as part of a massive $2 trillion stimulus bill aiming to support an economy reeling from the coronavirus outbreak. The White House and Senate reached a deal early Wednesday on a bill that would send money to households and earmark $367 billion in loans to small businesses. The stimulus package still needs to pass the House of Representatives, but Speaker of the House Nancy Pelosi, a Democrat, said bill could pass by unanimous consent.
Do This Instead of Buying Solar (It's Genius)
Ad
Do This Instead of Buying Solar (It's Genius)
Do this instead of buying expensive solar panels. It's absolutely genius. This program has power companies furious.
EnergyBillCruncher
These are the 20 stocks corporate insiders have been buying most amid the coronavirus-induced market selloff
BusinessMarketWatch
These are the 20 stocks corporate insiders have been buying most amid the coronavirus-induced market selloff
Throughout these topsy-turvy times of scary health news, city lockdowns and daily market moves of 5% or more in both directions, there's been one comforting constant. Corporate insiders — executives and directors who buy shares in their own company — are loving this pullback. Since the S&P 500 index (SPX) Dow Jones Industrial Average (DJIA) and Nasdaq Composite Index (COMP) really began falling apart after March 5, insiders have been heavily buying all the areas that will supposedly get hit the hardest by this coronavirus and the COVID-19 illness it causes.
WorldAssociated Press Videos
Pompeo: G-7 aware of China's virus 'disinformation'
U.S. Secretary of State Mike Pompeo said Wednesday that the Group of Seven members were all aware of China's "disinformation campaign" regarding the coronavirus outbreak, as the two countries dispute the origins of the disease. (March 25)
BusinessBarrons.com
Why the Stock Market Hasn’t Hit Bottom and Could Fall Another 35%
In a note to clients on Wednesday, TS Lombard strategists said the market has more room to fall, citing expectations that earnings for companies in the S&P 500 could fall roughly 30%. That decline, and the effects of the economic slump they see, put the fair value of the S&P 500 closer to 1600 to 1800, down as much as 35% from the closing level of 2475.56 on Wednesday. Although policy makers have responded better than they did during the 2008 financial crisis, Dumas says, the second round of fallout from countries around the world shutting down or slowing their economies to curb the spread of the coronavirus will include a slump in consumer and capital spending.
The All New Dodge Ram: You Won't Believe The Price
Ad
The All New Dodge Ram: You Won't Believe The Price
The affordable price makes this truck hard to resist. Search for the all new Dodge Ram.
SearchLime
BusinessBarrons.com
How Bill Ackman Turned $27 Million Into $2.6 Billion During the Coronavirus Crisis
Billionaire investor Bill Ackman announced earlier this month that he had been hedging his portfolio against market volatility spurred by the coronavirus. Ackman's Pershing Square Capital Management hedge fund laid out $27 million to buy credit protection on global investment-grade and high-yield credit indexes. The hedge fund honcho has been making the media rounds recently, demanding that President Donald Trump institute a 30-day national shutdown to slow the spread of the coronavirus.
BusinessTheStreet.com
Jim Cramer: Boeing's Price Surge Has Already Left the Runway
Don't buy on quicksand because the people you are buying from are smarter than you are and most likely want to ring the register both before and after you are done buying. Some things really sting in this business. One of them is the lost opportunity cost because you chose not to act or not to take a brave stance.
Texas Billionaire Who Levered Restaurant Empire Hit on All Sides
BusinessBloomberg
Texas Billionaire Who Levered Restaurant Empire Hit on All Sides
As he prepared to host an annual Mardi Gras celebration at a beachfront resort outside Houston, business was booming, pushing his personal fortune to more than $5 billion. A few weeks later -- after the Covid-19 pandemic brought the travel and leisure industry to a virtual standstill -- his casinos and restaurants are shuttered and burning cash, 40,000 of his employees are temporarily out of a job, and a third of his net worth has evaporated. “We are trying to survive,” the 62 year-old said in an interview with Bloomberg on Tuesday, warning that the U.S. could plunge into an economic crisis if the authorities don't allow businesses to reopen in some capacity over the next few weeks.
Say Goodbye to the Mouse in Your House
Ad
Say Goodbye to the Mouse in Your House
There is a new technology that keeps spiders, roaches and rodents out of your home, voted the Best New Technology of 2018.
Ultrasonic Pest Reject
Coronavirus stimulus package is ‘short-term bullish’ but stock-market could turn ‘nasty’ in months ahead, analyst says
BusinessMarketWatch
Coronavirus stimulus package is ‘short-term bullish’ but stock-market could turn ‘nasty’ in months ahead, analyst says
The Dow Jones Industrial Average posted its largest one-day point gain on record Tuesday, as investors looked forward to a $2 trillion stimulus package agreed to by senior lawmakers and the Trump administration Wednesday morning. But worrying technical indicators and continued uncertainty regarding the COVID-19 pandemic will make this equities rally short lived, according to Mark Newton, a closely followed independent technical analyst. The [Federal Reserve] and Treasury are literally throwing the bazooka at the economy and stock market,” he wrote, in a Wednesday note to clients.
Getting crushed in this market? One look at Warren Buffett’s portfolio and you might feel a lot better about yours
BusinessMarketWatch
Getting crushed in this market? One look at Warren Buffett’s portfolio and you might feel a lot better about yours
Warren Buffett said earlier this month that he hadn't seen anything like the coronavirus pandemic. A couple of weeks later, and it's only gotten more dire as infections mount around the world and the stock market continues to spin out of control in both directions. “While Buffett is well known for weathering the worst market downturns and coming out stronger, the last several weeks have been just as painful on his portfolio as it has on the broader market,” Bespoke explained in a post noting that the average stock in his top holdings is off 37%.
Stock market’s historic bounce may signal ‘near-term bottom,’ but remember what happened in 1987 and 2008
BusinessMarketWatch
Stock market’s historic bounce may signal ‘near-term bottom,’ but remember what happened in 1987 and 2008
The stock market's historic bounce off a more-than-three-year low on Tuesday left one well-known chart watcher feeling more upbeat about near-term prospects, albeit with the caveat that big rebounds haven't necessarily marked the bottom in past selloffs. Overall, I do think there are enough signs in place to suggest at least a near-term bottom has been made or is in the process of being made,” said Andrew Adams, an analyst at Saut Strategy, in a Wednesday note. I don't expect stocks to take off and never look back, but there is upside potential just to get back to more neutral levels now.
Bo Derek At 63 Leaves Nothing To Imagination
Ad
Bo Derek At 63 Leaves Nothing To Imagination
Take a deep breath & relax before you see 63-year-old Bo Derek today
Travel Patriot
BusinessTheStreet.com
Jim Cramer: Here's What Can Be Bought, Sold Right Now
At any given time, even in this wacky one, there are companies that are doing well, companies doing OK, and companies that are doing poorly. Then there are companies that are doing terribly, but will do well when we go back to something that looks like normal. Companies that are doing really well -- I mean crushing it -- now and will do well after the smokes clears because they are riding a secular trend that can't be contained even by Covid-19.
BusinessYahoo Finance Video
What is in the $2 trillion stimulus package?
Yahoo Finance's Jess Smith breaks down what is in the proposed $2 trillion stimulus deal and who benefits from the bill.
Coronavirus update: 407,405 cases, 18,227 deaths, Italy shows glimmer of hope and NYC remains U.S. epicenter
BusinessMarketWatch
Coronavirus update: 407,405 cases, 18,227 deaths, Italy shows glimmer of hope and NYC remains U.S. epicenter
The coronavirus case tally continued to rise on Tuesday with the total number of cases globally exceeding 400,000 for the first time, with Italy remaining the most affected country in Europe, while New York continued to lead the U.S. in number of cases and deaths. There now at least 407,405 cases and 18,227 people have died, according to the latest data from the Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. At least 104,234 people have already recovered. In Italy, there are at least 69,176 confirmed cases and 6,820 deaths while 8,236 people have recovered.
$10 Stock Could be the Next Amazon
Ad
$10 Stock Could be the Next Amazon
Big investors scooped up 9 million shares of this $10 stock as new "buy" rating is released.
Banyan Hill
Coronavirus update: Global cases hit 451,355 with 20,499 deaths, and New York rate of infection is accelerating
U.S.MarketWatch
Coronavirus update: Global cases hit 451,355 with 20,499 deaths, and New York rate of infection is accelerating
The number of cases of the coronavirus that causes COVID-19 continued to spread on Wednesday, as New York Gov. Andrew Cuomo issued a dire warning that the pace of infection in New York state is doubling every three days and again urged the federal government to take action. The latest numbers from the New York Health Department showed the number of cases rose 20%in one day on Wednesday to 30,811. Vice President Mike Pence and Dr. Deborah Birx, two key members of the White House Task Force created to address the pandemic, called on people who have recently been in and left New York City to self-isolate for 14 days.
IBD Live: Market Crash Bottoms — For Now; But Don't Buy Until This Occurs
BusinessInvestor's Business Daily
IBD Live: Market Crash Bottoms — For Now; But Don't Buy Until This Occurs
On Wednesday's IBD Live episode, the IBD Live Team discussed the market action amid the ongoing coronavirus stock market crash. In spite of the recent volatility, growth stocks and some ETFs are exhibiting signs of increased strength. Today's full IBD Live show is now available for subscribers. Following the Dow Jones' best day since 1933, stocks pared gains.
You can be ‘practically stealing’ quality stocks now, according to Jefferies
BusinessMarketWatch
You can be ‘practically stealing’ quality stocks now, according to Jefferies
Investors are trying to get ahead of an eventual turnaround for the stock market, even as the coronavirus spreads further across the U.S. Analysts at Jefferies have published a list of 47 stocks that they believe have “strong fundamentals” and attractive valuations, with opportunities created by “indiscriminate selling” over the past month. The largest of the recommended companies are listed below. Warnings Before getting to the list of “best stock ideas” from Jefferies, a number of warnings are in order: • It's too early to call a stock market bottom — it's a fool's errand.
A lucrative card for Americans with good credit
Ad
A lucrative card for Americans with good credit
Cardholders can secure $1,148 of value from this card with no annual fee. $909 of that alone comes from the first-year bonus and premium cash back.
The Ascent
A silver lining in the stock market’s collapse: A smaller tax bill for Roth IRA conversions
BusinessMarketWatch
A silver lining in the stock market’s collapse: A smaller tax bill for Roth IRA conversions
Here's a way to take advantage of the stock market's dive: Consider doing a Roth conversion. You take the retirement monies you currently have in traditional IRAs and move them to a Roth IRA. Given how the Dow Jones Industrial Average (DJIA) and the S&P 500 index (SPX) have plunged by about a third in recent weeks, your retirement account is worth a lot less than it once was.
If you’re depressed about all the money you’ve lost in the stock market, learn to profit from chaos
BusinessMarketWatch
If you’re depressed about all the money you’ve lost in the stock market, learn to profit from chaos
In a plain-vanilla sense, you are probably wondering how to mitigate the volatility in your portfolio, which is freaking out. You could step into your time machine, go back a few months and buy some bonds. All kinds of wacky stuff is happening in the bond market, and bonds aren't really providing any diversification benefits anymore, as risk-parity strategies unwind.
Here's What Top Hedge Funds Are Buying In The Coronavirus Stock Market Crash
BusinessInvestor's Business Daily
Here's What Top Hedge Funds Are Buying In The Coronavirus Stock Market Crash
Hedge fund manager Bill Ackman made a $2.5 billion bet on the U.S. economy's recovery during the coronavirus stock market crash, boosting stakes in Warren Buffett's Berkshire Hathaway, Starbucks, Hilton Worldwide and Lowe's. Other hedge funds are nibbling at stocks during the sell-off too: Appaloosa Management's David Tepper added to Amazon, Google parent Alphabet and Alibaba as well as chipmaker Micron Technology. Pershing Square's Ackman told Bloomberg News he's taken off hedges put in place through shorts in the credit market to offset the effects of the coronavirus.
Savy Drivers Are Ditching Car Insurance With This
Ad
Savy Drivers Are Ditching Car Insurance With This
Drivers are getting fed up with higher insurance rates. This is what they are doing instead.
Provide Auto
Bullish investors pour money into Alibaba, Amazon, Intel and Microsoft
FinanceMarketWatch
Bullish investors pour money into Alibaba, Amazon, Intel and Microsoft
That’s what professional investors are buying. Momentum chasers are purchasing Apple, AMD, Netflix and Tesla.
Ford Becomes Largest Fallen Angel After S&P’s Cut to Junk
FinanceBloomberg
Ford Becomes Largest Fallen Angel After S&P’s Cut to Junk
(Bloomberg) -- Ford Motor Co. was cut to junk by S&P Global Ratings as the coronavirus pandemic delivers a shock to the global auto industry and renders the carmaker the largest fallen angel to date.S&P downgraded Ford’s credit rating one notch to BB+ and may cut it further, according to a statement.
FinanceFinancial Times
US puts pressure on Saudi Arabia to end oil price war
The US has raised the pressure on Saudi Arabia to change course in its oil price war with Russia, calling on the kingdom to “rise to the occasion” and start working to stabilise global energy markets. Mike Pompeo, the US secretary of state, made the remarks ahead of a meeting of G20 leaders on Thursday
Tom Is Trying To Live A Good Life With His Partner
Ad
Tom Is Trying To Live A Good Life With His Partner
Seeing Tom Selleck & his partner together will bring a smile to your face
Healthy George
To fearless investors gobbling up stocks: This rally has a better-than-even chance of failing
FinanceMarketWatch
To fearless investors gobbling up stocks: This rally has a better-than-even chance of failing
• The first chart shows that The Arora Report gave a signal to buy leveraged inverse ETF (SQQQ) or short-sell Nasdaq 100 ETF (QQQ) which represents the Nasdaq 100 Index, near the top of the stock market. An inverse ETF goes up when the stock market goes down. • The first chart shows that the Arora
FinanceYahoo Finance Video
Stocks rise as White House, Senate strike $2T stimulus deal
Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss the latest swings in the stock market
Dow gains fade as $2T coronavirus pkg. meets Democratic opposition
FinanceFox Business
Dow gains fade as $2T coronavirus pkg. meets Democratic opposition
The Dow tacked on day two of gains after the 2,113-point increase Tuesday which was the most ever in a single day.
Should You Be Selling Your Stocks In 2020?
Ad
Should You Be Selling Your Stocks In 2020?
For individuals with $500k or more, download the latest Stock Market Outlook. It contains research that tells you where we think the market is headed.
Fisher Investments
Bank of America Has Been Crushed - Here Is the Stock's Must-Hold Long-Term Support
FinanceTheStreet.com
Bank of America Has Been Crushed - Here Is the Stock's Must-Hold Long-Term Support
Bank of America has been crushed from its 2020 high, and investors are searching for the low. Here's the must-hold support level for the stock.
Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse
FinanceBloomberg
Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse
(Bloomberg) -- As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.Having collapsed by about 60% this year, Brent and West Texas Intermediate crude have stabilized at around
As Dow wipes out over 3 years of stock-market gains, here’s a warning about calling the bottom
FinanceMarketWatch
As Dow wipes out over 3 years of stock-market gains, here’s a warning about calling the bottom
Some investors might feel a strong temptation once the market finally shows some stability to declare that the lows are in. But some Wall Street veterans have a word of advice.
Mahomes Doesn't Care What Fans Say About His Car
Ad
Mahomes Doesn't Care What Fans Say About His Car
2020 Super Bowl MVP & Kansas City Chiefs' QB's fans are "not impressed" with his new favorite ride but it doesn't bother him one bit, here's why!
MisterStocks
Column: Amazingly, politicians are debating which matters more — your health or the stock market
NewsLA Times
Column: Amazingly, politicians are debating which matters more — your health or the stock market
Starting with President Trump, the GOP is calling to put millions at risk of contracting coronavirusso the stock market recovers.
Biotech stocks have held up better than the broader market — and these five are potential winners
FinanceMarketWatch
Biotech stocks have held up better than the broader market — and these five are potential winners
Landmine No. 1: Smaller biotech companies short on cash will face a funding crunch if the stock market stays down. How to diffuse it: Favor biotech companies that just raised cash, or have enough on hand to cover at least 18 months of cash burn, says Jefferies biotech analyst Michael Yee. Several companies
Tesla to reopen New York plant 'as soon as humanly possible' to make ventilators: Musk
FinanceReuters
Tesla to reopen New York plant 'as soon as humanly possible' to make ventilators: Musk
Brilliant Device Slashes Your Power Bill In Half
Ad
Brilliant Device Slashes Your Power Bill In Half
See why millions of Americans everywhere are using this breakthrough device to save big on their power bills each month.
OkoWatt
Market got you down? How to construct a comeback portfolio
FinanceMarketWatch
Market got you down? How to construct a comeback portfolio
Millions of investors are understandably upset about this month’s volatility in the stock market. The other three asset classes that I’m prescribing have outperformed the S&P 500 over the past 90 years.
NewsMeredith Videos
Soccer Game Attended by 40,000 Fans Likely Made This Italian City a Coronavirus Epicenter
Soccer Game Attended by 40,000 Fans Likely Made This Italian City a Coronavirus Epicenter
FinanceU.S.News & World Report
7 Stocks to Buy in a Dip Like Warren Buffett
These stocks fit Buffett's playbook. Warren Buffett, CEO of Berkshire Hathaway (ticker: BRK.A , BRK.B ), has been one of the most consistent and successful investors on Wall Street for decades. Buffett's ...
At 49, This Is Kelly Ripa's Annual Salary
Ad
At 49, This Is Kelly Ripa's Annual Salary
While she pulled off a legendary career you won't believe your eyes when you see how much she earns per year
directhealthy
FinanceBarrons.com
The Dow Is Soaring Because Investors Are Betting the Worst of the Coronavirus Hit Is Over
Boeing’s 30% rise is having an outsize impact on the Dow because of how the benchmark is constructed. What that means.
FinanceInvestopedia
3 Restaurant Stocks That Might Not Survive the Pandemic
Shares of these struggling restaurant chains have just broken multi-year support and dropped to all-time lows.
NewsAssociated Press Videos
US fencer hopes to compete in delayed Olympics
U.S. Olympic fencer Alexander Massialas is disappointed he won't be competing in the Olympics this year, but he plans to train hard and come back stronger for the Tokyo Games in 2021. (March 25)
Bold New Helmet Designs For All 32 NFL Teams
Ad
Bold New Helmet Designs For All 32 NFL Teams
If you're bored with the same old helmet that your favorite NFL team wears every week, then we've got something cool for you.
The Sports Drop
3 Biotech Stocks Fighting the Coronavirus; Here’s What to Expect
FinanceTipRanks
3 Biotech Stocks Fighting the Coronavirus; Here’s What to Expect
A saying on Wall Street is that the market hates uncertainty, and unfortunately that looks to be playing out in global stock markets currently. In historically quick fashion, the vast majority of stocks are hitting bottom – most have already hit 52-week lows and many are hitting multi-year lows. It
‘There is no gold.’ Bullion dealers sell out in panic buying
FinanceMarketWatch
‘There is no gold.’ Bullion dealers sell out in panic buying
“There’s no gold,” says Josh Strauss, partner at money manager Pekin Hardy Strauss in Chicago (and a bullion fan). There’s roughly a 10% premium to purchase physical gold for delivery. Major gold dealers have sold out of coins and gold bars amid panic buying as the U.S. economy plunges and the government
FinanceFinancial Times
FirstFT: Today’s top stories
Republicans and Democrats have struck a $2tn deal to provide economic relief to taxpayers and businesses from the coronavirus crisis, in what would be the largest congressional bailout in US history. Senate majority leader Mitch McConnell had been wrangling with Chuck Schumer, the Senate’s most senior
Say Goodbye to These Shows: They've Been Canceled
Ad
Say Goodbye to These Shows: They've Been Canceled
Here's All the TV Shows That Aren't Coming Back For Another Season
Celebs Pulse
Why calling the market bottom doesn't matter
FinanceYahoo Finance
Why calling the market bottom doesn't matter
With the stock market down so much due to the coronavirus, people begin wondering if this is the bottom. But it's actually far less important than some investors might think.
CEO Eric Yuan: Zoom 'never dreamed' of a massive work-from-home shift like the coronavirus
FinanceAmerican City Business Journals
CEO Eric Yuan: Zoom 'never dreamed' of a massive work-from-home shift like the coronavirus
Zoom CEO Eric Yuan sat down with the Business Journal to talk about the massive impact the coronavirus has had on his business.
FinanceYahoo Finance Video
The top headlines driving the market
Peter Tchir, Academy Securities Head of Macro Strategy, joined Yahoo Finance's Myles Udland and Jared Blikre to discuss his outlook for the market and how he is navigating the current volatility.
Erika Eleniak Is A Walking Talking Beauty At 50
Ad
Erika Eleniak Is A Walking Talking Beauty At 50
Fans can't stop drooling over Erika Eleniak and one look at her will explain it all
financialadvisorheroes
Dow Jones Futures: No Rally On Actual Coronavirus Stimulus Deal; Nike Jumps On Earnings; AMD, Nvidia, Shopify Make Bullish Move
FinanceInvestor's Business Daily
Dow Jones Futures: No Rally On Actual Coronavirus Stimulus Deal; Nike Jumps On Earnings; AMD, Nvidia, Shopify Make Bullish Move
Futures were mixed-to-lower on a coronavirus stimulus deal after deal optimism led a historic stock market rally Tuesday. AMD, Nvidia, Shopify cleared a key level. Nike earnings beat late
FinanceOilprice.com
Don’t Believe The Oil Bulls
Oil prices have rebounded this week on several pieces of seemingly bullish news, but don’t let the headlines fool you - the oil crisis is far from over
Man who scored big wins during the 2008 financial crisis says the stock market could be ‘near a bottom’ if U.S. gets a coronavirus recovery plan
FinanceMarketWatch
Man who scored big wins during the 2008 financial crisis says the stock market could be ‘near a bottom’ if U.S. gets a coronavirus recovery plan
Hedge-fund manager David Tepper says there is nothing wrong with “nibbling” at stocks that have experienced a brutal selloff in the past month, amid growing fears centered on the economic impact of the coronavirus pandemic.
The Most Attractive Female Billionaires
Ad
The Most Attractive Female Billionaires
Some made their fortune on their own while others inherited the family business. Find out just how these remarkable young women made their billions...
Trend Chaser
The ‘mother of support zones’ in the stock market must hold — or else, look out below
FinanceMarketWatch
The ‘mother of support zones’ in the stock market must hold — or else, look out below
A big problem is that no amount of monetary or fiscal stimulus will boost stocks to their previous gains.
Pelosi’s $2.5 Trillion Virus Bill Delays Mortgage, Car Payments
FinanceBloomberg
Pelosi’s $2.5 Trillion Virus Bill Delays Mortgage, Car Payments
(Bloomberg) -- House Speaker Nancy Pelosi unveiled a $2.5 trillion virus economic stimulus plan in a bid to shape negotiations on a Senate measure that stalled on Monday, triggering a sell-off in U.S. equities markets.Pelosi’s 1,400-page bill would have broad implications for the financial sector. It
Dow Jones Futures Jump On Stimulus Hopes After Coronavirus Stock Market Crash Hits New Lows; Six Likely Leaders For Next Rally
FinanceInvestor's Business Daily
Dow Jones Futures Jump On Stimulus Hopes After Coronavirus Stock Market Crash Hits New Lows; Six Likely Leaders For Next Rally
The coronavirus market crash continued as a stimulus deal stalled. Six leaders before the Covid-19 crisis are likely winners in the next rally.
Melissa' Son' Probably The Most Handsome Man Alive
Ad
Melissa' Son' Probably The Most Handsome Man Alive
How Melissa Gilbert's son looks like now is getting a lot of attention and for all the right reasons
YourDailyLama
Goldman Sachs: 3 Tech Stocks That Could Climb Over 20%
FinanceTipRanks
Goldman Sachs: 3 Tech Stocks That Could Climb Over 20%
Investment firm Goldman Sachs has revised its 2020 economic forecast, and the outlook is decidedly grim. Where just 10 days ago, Goldman was predicting that GDP would experience a 5% contraction in Q2, the update puts the forecast at a 24% second-quarter contraction. That’s a depression-style number,
In Stunning Turnaround, Canadian Stocks Surge Toward Bull Market
FinanceBloomberg
In Stunning Turnaround, Canadian Stocks Surge Toward Bull Market
(Bloomberg) -- Canada’s stock market surged for a second day, putting it on the cusp of a bull market, as investors saw hope that government spending plans will bolster a global economy hit by the coronavirus pandemic.The S&P/TSX Composite Index closed 4.5% higher, posting its first back-to-back gains
FinanceInvestopedia
Is It Time to Buy Energy Stocks?
Many energy companies could get bought out or go bankrupt in coming months, but these blue chips are well positioned to weather the storm.
"America, Throw Out This Vegetable Immediately"
Ad
"America, Throw Out This Vegetable Immediately"
Leading Gut Health Expert & frequent guest of Dr. Oz and Good Morning America is begging we all change this one thing
Synbiotic 365
FinanceFinancial Times
More Reits warn they are unable to meet cash calls
ricocheted through the investment world on Tuesday, with two more real estate investment trusts warning that they could not meet margin calls from their lenders. Shares of some of the largest funds invested in the residential mortgage-backed securities market tumbled after two companies — Invesco Mortgage
FinanceBarrons.com
Cheesecake Factory Tells Landlords It Won’t Pay April Rent After Loss of Income
Cheesecake Factory said 27 of its 294 North American restaurants are temporarily closed because of the coronavirus pandemic. The rest have been providing delivery and takeout in “off-premises” service.
FinanceFiveThirtyEight
Does Bill Belichick Have Something To Prove Without Tom Brady?
After 20 years, 41 playoff games and six Super Bowl wins, Tom Brady will play football next season for a team other than the New England Patriots. During his Patriots tenure, he won three MVP awards, he was voted to 14 Pro Bowls, and the Patriots went 219-64 in games that he started. His now-former
20 Great Stocks for 2020 (Costco, Disney, More)
Ad
20 Great Stocks for 2020 (Costco, Disney, More)
Here are the 20 best stocks to buy for 2020, rain or shine.
Kiplinger
Boeing's Recent Rebound Is Not Likely to Last for Long
FinanceTheStreet.com
Boeing's Recent Rebound Is Not Likely to Last for Long
Boeing Co. is up sharply this week and its surge have contributed greatly to the historic gains by the Dow Jones Industrial Average (DJIA). In this daily bar chart of BA, below, we can see how prices moved sideways to slightly lower from April until January. The daily On-Balance-Volume (OBV) line
FinanceBloomberg
Olympics Delay Broadly Welcomed by Australian Athletes: Minister
Mar.25 -- Richard Colbeck, Australia's minister for youth and sports, talks about the International Olympic Committee's decision to delay the Tokyo 2020 games until next year. He also discusses how the government is supporting the nation's sports industries. He speaks with Haidi Stoud-Watts
Coronavirus pandemic raises concerns that some retailers will run out of cash
FinanceMarketWatch
Coronavirus pandemic raises concerns that some retailers will run out of cash
Retailers are at risk of running out of cash if the coronavirus pandemic keeps stores shuttered for longer than expected and consumers, spooked by carnage in the stock market, cut back on purchases, analysts said Wednesday.
Here's How Disney Rid His Theme Park Of Mosquitoes
Ad
Here's How Disney Rid His Theme Park Of Mosquitoes
Here’s Why You’ll Never See Mosquitoes At Disney World
Elite Herald
FinanceBarrons.com
Coca-Cola and PepsiCo Are Poised to Rocket Higher, Analysts Say
The soda and snack companies both saw upgrades in the past two days as the stock market hopes for a deal on a Covid stimulus package.
How to Invest in a Recession
FinanceMorningstar UK
How to Invest in a Recession
The coronavirus has forced countries into lockdown, killed the longest bull market rally in history, and wiped out trillions in lost productivity. Worse yet, no one can predict the end of the crisis.Wall Street banks are lining up to warn that we are already in recession or that a recession this year
FinanceFox Business
IRS unveils new details about Tax Day after extending deadline to July 15
By extending the deadline, the federal government is allowing individuals and businesses to hold onto their cash longer as they deal with the fallout from the virus outbreak
Cincinnati stocks jump as market posts back-to-back gains
FinanceAmerican City Business Journals
Cincinnati stocks jump as market posts back-to-back gains
The stock market soared again Wednesday, with the Dow Jones Industrial Average posting its first back-to-back increases in seven weeks. Plenty of Greater Cincinnati stocks shared in the gains as details of an economic stimulus package emerged.
FinanceWSJ
What the Postponement of the Olympics Means for Athletes
The global spread of coronavirus has led to officials postponing the 2020 Tokyo Olympic Games. For athletes, the delay evokes mixed emotions. WSJ spoke to five athletes from around the globe to understand what the postponement means to them. Photo composite by George Downs
FinanceBarrons.com
Gold Is Gearing Up for a Sustained Rally, Goldman Says. Here’s Why.
Investors might have noticed something bizarre during the stock market’s brutal selloff over the past two weeks. Gold, the commodity usually considered a haven asset, saw its price tumble by more than 10%, from $1,675 per ounce on Mar. 9 to $1,484 as of last Friday. Already, gold prices rallied this
A Rent Wipeout Could Ignite a Mortgage Crisis
FinanceBloomberg
A Rent Wipeout Could Ignite a Mortgage Crisis
(Bloomberg Opinion) -- The rent is too high. And that’s causing consternation across Wall Street desks still traumatized by the 2008 financial crisis.As the days go by in an unprecedented shutdown of the U.S. economy to slow the coronavirus outbreak, any amount of rent looks increasingly difficult to
Bernanke On How Coronavirus Differs From The 2008 Economic Crisis
FinanceBenzinga
Bernanke On How Coronavirus Differs From The 2008 Economic Crisis
The 2008 financial crisis was the result of the collapse of the financial system but the coronavirus could have the opposite impact of trickling its way towards the financial system, according to former Fed Chairman Ben Bernanke.Different Type of Financial Crisis The 2008 crisis started with the implosion
NewsAssociated Press Videos
Olympic delay brings 'mixed emotions' for athletes
Delaying the Olympics to 2021 because of the coronavirus pandemic brought about a mix of disappointment and understanding, relief and concern for athletes. (March 24)
Tesla, Wayfair And Other Profitable Short Trades Could Get A Short Covering Boost
FinanceBenzinga
Tesla, Wayfair And Other Profitable Short Trades Could Get A Short Covering Boost
Short squeezes are one of the most powerful stock market dynamics and can generate huge moves in stocks in a short period of time. Short squeezes happen when short sellers buy a stock to exit their positions all at one. The buying volume from short covering combines with the buying volume from long investors
FinanceOilprice.com
Russia’s Unexpected Advantage In The Oil Price War
The global economic downturn due to coronavirus and the breakup of OPEC+ has sent the Ruble tumbling, which could give Russia an unexpected advantage in the oil price war
Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show
FinanceInvestor's Business Daily
Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show
Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, 2019, Uber stock is one of the most watched IPO stocks today, but is Uber a buy right now in the current coronavirus stock market correction? In 2018, Uber had
Stock market news live: Dow posts second straight day of gains for the first time in more than a month
FinanceYahoo Finance
Stock market news live: Dow posts second straight day of gains for the first time in more than a month
Stocks staged a rally on Wednesday, extending the previous day’s surge with the Dow boosted by gains from components like Boeing and Nike, and after Washington announced a final deal on a $2 trillion stimulus package designed to combat effects of the coronavirus.
Oil Rises As U.S. Steps In Rivalry; Occidental Takes Drastic Steps Amid Truce
FinanceInvestor's Business Daily
Oil Rises As U.S. Steps In Rivalry; Occidental Takes Drastic Steps Amid Truce
Oil prices reversed up as the U.S. sought to ease the Saudi-Russia rivalry, while Occidental further cut capital spending.
Is Disney Stock A Buy Right Now, As Disney+ Launches In Covid-19 Afflicted Europe?
FinanceInvestor's Business Daily
Is Disney Stock A Buy Right Now, As Disney+ Launches In Covid-19 Afflicted Europe?
Disney stock is well off its highs as coronavirus takes a toll. Here's what fundamental and technical analysis says about buying Disney now.
Astrotech adapting bomb-sniffing tech to test for coronavirus
FinanceAmerican City Business Journals
Astrotech adapting bomb-sniffing tech to test for coronavirus
The Austin-based research and development company announced March 25 it is developing an instrument, called the BreathTest-1000, that would "screen for volatile organic compound metabolites found in a person’s breath" and identify if they are infected with COVID-19 or pneumonia.
Boeing Soars As 737 Max Production Nears Restart, Stimulus Bill Offers Bailout
FinanceInvestor's Business Daily
Boeing Soars As 737 Max Production Nears Restart, Stimulus Bill Offers Bailout
Boeing reportedly Boeing plans to restart production of its grounded 737 Max in May, while the stimulus bill could provide billions in aid.
FinanceU.S.News & World Report
7 Semiconductor Stocks Most Immune to COVID-19
These semiconductor stocks have less risk. Like most of the rest of the market, semiconductor stocks have taken a beating due to concerns over the COVID-19 outbreak. Given there is still an extreme amount ...
Dow Jones Rockets 3,568 Points Off March Low; Will These 5 Growth Stocks Lead A New Upturn?
FinanceInvestor's Business Daily
Dow Jones Rockets 3,568 Points Off March Low; Will These 5 Growth Stocks Lead A New Upturn?
Solid earnings from Nike and comments from Boeing over its financial position have assuaged investors in Dow Jones Industrial Average names.
Burger King boss: We’re not going to pay our rent
NewsBBC
Burger King boss: We’re not going to pay our rent
Hundreds of High Street businesses are set to withhold their quarterly rent payments, due on Wednesday.
Dow Jones Today, Stocks Bounce As Senate Nears Stimulus Deal To Aid 120 Million Americans On Lockdown
FinanceInvestor's Business Daily
Dow Jones Today, Stocks Bounce As Senate Nears Stimulus Deal To Aid 120 Million Americans On Lockdown
BioNTech led among coronavirus stocks, while Boeing topped the Dow Jones, as stocks rallied on hopes for a Senate stimulus agreement.
NewsMeredith Videos
Tokyo Olympics Officially Postponed Until 2021 Due to Coronavirus Outbreak
Tokyo Olympics Officially Postponed Until 2021 Due to Coronavirus Outbreak
Investors look to 2008 for guidance on when to jump back in
FinanceReuters
Investors look to 2008 for guidance on when to jump back in
Investment banks are dusting off models from the 2008 financial crisis to gauge the right time to buy back into stock markets that have plunged 30% from their February record highs because of the coronvirus crisis. In Europe, an index of European credit default swaps, that measure the default risk of
S.F. biotech races potential COVID-19 drug toward clinical trial
FinanceAmerican City Business Journals
S.F. biotech races potential COVID-19 drug toward clinical trial
Vir Biotechnology Inc. teamed with WuXi Biologics and Biogen Inc. to rush a potential treatment for COVID-19 patients into clinical trials, possibly as soon as June. San Francisco-based Vir (NASDAQ: VIR) said early Wednesday that its potential antibody treatment for the coronavirus that causes COVID
Zscaler Stock Relative Strength Rises On Increased Demand For Cloud Service
FinanceInvestor's Business Daily
Zscaler Stock Relative Strength Rises On Increased Demand For Cloud Service
The relative strength of Zscaler has climbed amid the coronavirus emergency. The company sells cloud-based web security gateways that companies can use to set up work from home arrangements.
FinanceYahoo Finance Video
2020 Tokyo Olympics officially postponed
Yahoo Finance's Dan Roberts joined Jen Rogers to discuss the 2020 Olympics being postponed and the timeline for when the event will take place.
FinanceMoneyShow
Signs of a Bottom and Two Top Buys
Where will this market bottom? That is a question on virtually every investor's mind, asserts dividend reinvestment expert Chuck Carlson, editor of DRIP Investor.
FinanceInvesting.com
Top 5 Things to Know in the Market on Tuesday, March 24th
By Geoffrey Smith
FinanceFinancial Times
Bill Ackman makes $2.6bn in credit market rout
Billionaire investor Bill Ackman has cashed in $2.6bn from bets that companies would struggle to pay their debts, less than a week after warning the American people that “hell is coming” as a result of coronavirus. The founder of Pershing Square told investors on Wednesday that he was ploughing the
FinanceMarketWatch
Ford's stock soars 41% in 2 days, the biggest 2-day gain since Thanksgiving 2008
Shares of Ford Motor Co. soared 14.4% on heavy volume in afternoon trading Wednesday, a day after rocketing 23.4%, and have now bounced 41.4% since closing at an 11-year low of $4.01 on Monday. Trading volume swelled to 151.8 million shares Wednesday, up from 146.2 million shares on Monday and well
Micron Gains as Cloud Strength Boosts its Earnings and Guidance
FinanceTheStreet.com
Micron Gains as Cloud Strength Boosts its Earnings and Guidance
The memory giant topped estimates and issued better-than-feared guidance, while stating demand from notebook and data center clients is offsetting weakness elsewhere.
FinanceBarrons.com
Merger Arbitrage Bets Have Steadied as Stocks Bounce Back
Is ‘Arb-ageddon’ over? Arbs are more confident that deals like LVMH-Tiffany and AbbVie-Allergan will be completed even with the market turmoil.
Micron Gives Strong Outlook Lifted By Data-Center Demand
FinanceBloomberg
Micron Gives Strong Outlook Lifted By Data-Center Demand
(Bloomberg) -- Micron Technology Inc. predicted stronger-than-expected revenue helped by a surge in orders from data center operators who are building more capacity to deal with the expansion of people working from home.Revenue will be $4.6 billion to $5.2 billion in the fiscal third quarter, which ends
FinanceYahoo Finance Video
Deutsche Bank upgrades Apple to ‘buy’
Yahoo Finance’s Dan Howley joins the On The Move panel to discuss the details of Deutsche Bank’s decision to upgrade Apple to ‘buy’ amid the coronavirus outbreak.
Demand Rises For Gilead's Coronavirus Drug — But Is GILD Stock A Buy?
FinanceInvestor's Business Daily
Demand Rises For Gilead's Coronavirus Drug — But Is GILD Stock A Buy?
Biotech company Gilead Sciences is trying to corral Covid-19 with an experimental coronavirus treatment — an effort that has stoked renewed hopes for GILD stock. Is it a buy now?
FinanceFinancial Times
Stocks stumble in Asia after day of Wall St gains
The rally in global stocks lost momentum in Asia, after US lawmakers delayed approving a $2tn coronavirus economic relief package and concerns grew that a spike in new coronavirus cases in Tokyo raised fears of a lockdown in the city. Stores in the Japanese capital saw shelves stripped bare as residents
U.S. investors shop for consumer stocks in anticipation of stimulus bill
FinanceReuters
U.S. investors shop for consumer stocks in anticipation of stimulus bill
As a $2 trillion relief package makes its way through the U.S. Congress, some investors are finding bargains in consumer discretionary stocks that have been battered in the wake of the coronavirus pandemic. Provisions in the bill aimed at expanding unemployment benefits and supporting industries hit
Honeywell plans unpaid leave for employees, pay cuts for executives during coronavirus pandemic
FinanceAmerican City Business Journals
Honeywell plans unpaid leave for employees, pay cuts for executives during coronavirus pandemic
Honeywell employees will take a total of two weeks unpaid leave in April and May, while executives face deeper cuts to their base pay and incentives.
Apple Stock Retakes Key Support Level After Rating Upgrade
FinanceInvestor's Business Daily
Apple Stock Retakes Key Support Level After Rating Upgrade
Apple stock on Wednesday climbed above a key support level in a bullish sign after an analyst turned positive on it. Apple is well-positioned for when the market stabilizes, he said.
White House, Senators Strike Stimulus Deal: Congress Update
FinanceBloomberg
White House, Senators Strike Stimulus Deal: Congress Update
(Bloomberg) -- Senators were negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic. Majority Leader Mitch McConnell criticized Democrats for blocking two procedural votes that pushed back the timeline for passing the
Fluffy's Drugmakers Are Insulated From Coronavirus — But For How Long?
FinanceInvestor's Business Daily
Fluffy's Drugmakers Are Insulated From Coronavirus — But For How Long?
The health of Fido and Fluffy is considered "essential" — which could shield animal-health player Zoetis from the near-term effects of the coronavirus outbreak, an analyst said Tuesday.
FinanceYahoo Finance Video
Target withdraws guidance amid coronavirus outbreak
Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Emily McCormick discuss Target's recent announcement to postpone store remodeling projects and withdraw financial guidance for the first quarter and full-year 2020.
GOLD 1-2-3 Pattern Targets 1650 and Beyond
FinanceFX Empire
GOLD 1-2-3 Pattern Targets 1650 and Beyond
Gold is very bullish. A recovery in the price of Gold was quickened by the risk-off sentiment which prevailed in the markets.
Groupon axes CEO and COO as company looks to mount a recovery during a crisis
TechcrunchTechCrunch
Groupon axes CEO and COO as company looks to mount a recovery during a crisis
While plenty of tech stocks have seen their market caps dive in the past month, Groupon has taken a harder hit than most. The company's share price has dropped more than 70% in the past five weeks. The reckoning came for Groupon's leadership today with both CEO Rich Williams and COO Steve
U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package
NewsReuters
U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package
U.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impact of the coronavirus outbreak, the negotiators said on Wednesday. The Senate will vote on the $2-trillion package later in the day and the House of Representatives
P&G must pivot on marketing plan as Olympics postponed
FinanceAmerican City Business Journals
P&G must pivot on marketing plan as Olympics postponed
Procter & Gamble will have to pivot on its plan to roll out commercials featuring star athletes because concerns about coronavirus prompted the postponement of the Olympic Games, which is the biggest sports sponsorship deal for the world’s largest advertiser.
The coronavirus’s survival mechanism is what makes it so dangerous
FinanceQuartz
The coronavirus’s survival mechanism is what makes it so dangerous
The novel coronavirus sneaks into our cells through a specific cellular doorway.
Senate Passes $2 Trillion Virus Rescue Plan: Congress Update
FinanceBloomberg
Senate Passes $2 Trillion Virus Rescue Plan: Congress Update
(Bloomberg) -- Republicans and Democrats reached a hard-won agreement on the Senate’s $2 trillion worth of fiscal stimulus to shore up an economy crippled by the coronavirus pandemic.The final version was the product of intense negotiations between Senate Democratic leader Chuck Schumer and Treasury
Coronavirus, durable goods, Micron earnings: What to know in markets Wednesday
FinanceYahoo Finance
Coronavirus, durable goods, Micron earnings: What to know in markets Wednesday
Investor focus Wednesday will surround coronavirus developments, durable goods orders and Micron earnings.
FinanceBloomberg
Amazon Says Pentagon Should Expand Microsoft Cloud Review
(Bloomberg) -- Amazon.com Inc. is asking a federal court to require the Pentagon to broaden the scope of a reevaluation of its decision to award Microsoft Corp. a controversial $10 billion cloud-computing contract.In a filing to the U.S Court of Federal Claims made public on Tuesday, Amazon said the
E-mini S&P 500 Index (ES) Futures Technical Analysis – 2652.50 – 2765.50 Next Major Resistance Area
FinanceFX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – 2652.50 – 2765.50 Next Major Resistance Area
Although sellers can emerge at any time, the best resistance area is 2652.50 to 2765.50. A test of this zone is likely to attract short-sellers because they want to try to form another secondary lower top.
The Daily Biotech Pulse: T2 Biosystems Licenses COVID-19 Test, Immuron CEO Steps Down
FinanceBenzinga
The Daily Biotech Pulse: T2 Biosystems Licenses COVID-19 Test, Immuron CEO Steps Down
Here's a roundup of top developments in the biotech space over the last 24 hours.Scaling The Peaks (Biotech Stocks Hitting 52-week highs on March 24) * BELLUS Health Inc (NASDAQ: BLU) * Global Cord Blood Corp (NYSE: CO) * Thermogenesis Holdings Inc (NASDAQ: THMO)(reacted to its fourth-quarter
Long-Term Leader Mastercard Soars Despite Warning On Coronavirus Impact Again
FinanceInvestor's Business Daily
Long-Term Leader Mastercard Soars Despite Warning On Coronavirus Impact Again
Mastercard surged with the broader market even as the payments firm issued a second warning on the coronavirus impact.
Zillow, Redfin, Realogy and Opendoor Suspend iBuyer Home Purchase Programs Due To Pandemic
FinanceBenzinga
Zillow, Redfin, Realogy and Opendoor Suspend iBuyer Home Purchase Programs Due To Pandemic
Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Several iBuyers, or companies that make instant cash offers for homes, are suspending their home purchase programs due to the coronavirus pandemic.What Happened
FinanceInvestor's Business Daily Video
Stocks Soar On Stimulus Hopes: AMD, Shopify, JD.com Clear Key Level
AMD is still leading chips, Shopify is back on shopping lists and JD.com stock is not on lockdown.
FinanceBarrons.com
The Dow Just Had Its Best Two Days Since 1987. What Needs to Happen for a Sustained Rally.
The stock market was soaring—and then political bickering slowed passage of a fiscal aid package. Still, the Dow had its best two-day rally in more than 30 years. Can it keep going?
G-7 foreign ministers spar over coronavirus amid pandemic
FinanceAssociated Press
G-7 foreign ministers spar over coronavirus amid pandemic
Foreign ministers from the Group of 7 leading industrialized democracies sparred Wednesday over whether to call out China as the source of the coronavirus pandemic. Meeting by video conference because of the outbreak, the ministers agreed on the need for joint efforts to halt the spread of the novel
FinanceBloomberg
Global Economic Situation Getting Worse: Fitch Ratings
Mar.24 -- James McCormack, managing director and global head of sovereign ratings at Fitch Ratings, discusses the company’s report on the global economy. He speaks on “Bloomberg Markets: China Open.”
After Trashy Tuesday and a Senate deal, even the bond king Jeffrey Gundlach says stocks have upside
FinanceMarketWatch
After Trashy Tuesday and a Senate deal, even the bond king Jeffrey Gundlach says stocks have upside
After the Senate reached agreement on a $2 trillion stimulus bill, even the bond king, DoubleLine CEO Jeffrey Gundlach, seemed to accept U.S. stocks have plenty of upside.
Treat with caution: rocketing stocks aren't cause for comfort
FinanceReuters
Treat with caution: rocketing stocks aren't cause for comfort
Those pining for a bottom to the gut-wrenching stock market selloff may be disappointed to learn that mega one-day rallies like the historic one witnessed on Tuesday are typically not the start of a durable recovery. U.S. stocks, that recently entered a bear market - a fall of 20% or more from recent
These 62 stocks in the S&P 500 soared at least 20% on Tuesday
FinanceMarketWatch
These 62 stocks in the S&P 500 soared at least 20% on Tuesday
DEEP DIVE Investors furiously bought stocks Tuesday, as they looked ahead to a bipartisan agreement in Congress for a massive package of coronavirus relief. The Dow Jones Industrial Average (DJIA) soared 2,113 points (or 11.
Gaming Boom Hides Industry’s Struggle to Develop New Titles
FinanceBloomberg
Gaming Boom Hides Industry’s Struggle to Develop New Titles
(Bloomberg) -- Gaming is experiencing an unprecedented boom right now, but behind the scenes, the coronavirus pandemic is hitting the $150 billion industry in subtle yet significant ways -- delaying crucial development, squeezing out smaller studios and disrupting the pipeline of new games heading into
Stocks To Watch: FANG Stocks Netflix, Amazon Trying To Swim Upstream
FinanceInvestor's Business Daily
Stocks To Watch: FANG Stocks Netflix, Amazon Trying To Swim Upstream
Social distancing trends favor FANG stocks Netflix and Amazon as a the indexes try to rebound from the coronavirus stock market crash.
Credit Suisse cuts 2020 S&P 500 outlook, but sees rebound in 2021
FinanceYahoo Finance
Credit Suisse cuts 2020 S&P 500 outlook, but sees rebound in 2021
Credit Suisse analyst Jonathan Golub again cut his outlook for the stock market in 2020 as the coronavirus outbreak remains a near-term anchor on corporate growth prospects. But for 2021, stocks are going back up, he said.
Senate Hurtles to Vote in Hours on Record $2 Trillion Stimulus
FinanceBloomberg
Senate Hurtles to Vote in Hours on Record $2 Trillion Stimulus
(Bloomberg) -- The Senate moved toward a vote Wednesday on the biggest economic rescue measure in U.S. history, a more than $2 trillion package of spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to contain the coronavirus.The legislation was furiously drafted
EUR/USD Mid-Session Technical Analysis for March 25, 2020
FinanceFX Empire
EUR/USD Mid-Session Technical Analysis for March 25, 2020
Based on the early price action and the current price at 1.0812, the direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.0796.
FinanceYahoo Finance Video
Curaleaf CEO on how COVID-19 is impacting cannabis sector
Curaleaf CEO Joe Lusardi joins Yahoo Finance’s Zack Guzman to discuss the cannabis company's latest earnings results and how the cannabis sector is performing amid the spread of the coronavirus.
Square stock on track for back-to-back record rallies after ‘candid’ business updates
FinanceMarketWatch
Square stock on track for back-to-back record rallies after ‘candid’ business updates
Square shares (SQ) rose 15.8% in Tuesday’s session, marking their best single-day percentage gain on record, but the stock is surging toward an even bigger increase Wednesday. The rally comes a day after Square issued an update on its business amid the COVID-19 pandemic. The payment processor pulled
When the Bear Market Will Hit Bottom
FinanceTheStreet.com
When the Bear Market Will Hit Bottom
Mark Hulbert writes that based on the VIX's recent trading behavior, we can make a reasonable estimate that the bear market only has a couple of more months to live.
India bans export of drug being tested for coronavirus treatment
NewsReuters
India bans export of drug being tested for coronavirus treatment
India said on Wednesday it had banned the export of hydroxychloroquine and formulations of the malaria drug while experts test its efficacy in helping treat patients infected with coronavirus. There are currently no approved treatments, or preventive vaccines for COVID-19, the highly contagious, sometimes
Boeing Presses Survival Mode; Analysts Weigh In
FinanceTipRanks
Boeing Presses Survival Mode; Analysts Weigh In
The promise of a $2 trillion stimulus program was received with widespread relief across Wall Street, none more so than by investors of beleaguered airline Boeing (BA). BA stock jumped over 60% in the past 3 trading sessions. Yet, even following the surge, Boeing’s share price is down by 50% year-to-date
White House, Senate agree on $2 trillion coronavirus rescue plan
NewsAFP
White House, Senate agree on $2 trillion coronavirus rescue plan
The White House and Senate have reached agreement on a $2 trillion stimulus package for the US economy and millions of Americans ravaged by the coronavirus crisis, top lawmakers said early Wednesday. "At last, we have a deal," Senate Majority Leader Mitch McConnell said, hailing the massive
Community participation—not lockdowns—is key to fighting coronavirus in India
FinanceQuartz
Community participation—not lockdowns—is key to fighting coronavirus in India
Community transmission may have already set in.
NewsAssociated Press Videos
Biden calls for 'oversight' of virus aid package
Democratic presidential candidate Joe Biden says the congressional aid package addressing the coronavirus outbreak goes a long way. But the former vice president says the agreement requires "meticulous oversight" and isn't all-encompassing. (March 25)
Dow Jones Rises 500 Points In Volatile Trade After $2 Trillion Coronavirus Stimulus Deal; Boeing Soars 34%
FinanceInvestor's Business Daily
Dow Jones Rises 500 Points In Volatile Trade After $2 Trillion Coronavirus Stimulus Deal; Boeing Soars 34%
Stocks turned sharply mixed early Wednesday after a $2 trillion coronavirus stimulus deal. Nike soared 10% on earnings.
Gold Price Futures (GC) Technical Analysis – Price Spike Makes $1610.50 – $1580.40 New Higher Support
FinanceFX Empire
Gold Price Futures (GC) Technical Analysis – Price Spike Makes $1610.50 – $1580.40 New Higher Support
If buyers have regained control of gold then they are going to vigorously defend $1610.50 to $1580.40 and the retracement zone will become support. That is the zone that you should be focusing on at this time.
Coronavirus: Government orders 10,000 ventilators from Dyson
NewsBBC
Coronavirus: Government orders 10,000 ventilators from Dyson
The engineering firm developed a new type of ventilator in response to calls on behalf of the NHS.
Facebook Stock Wavers As Ad Sales Drop In Areas Hit Hard By Coronavirus
FinanceInvestor's Business Daily
Facebook Stock Wavers As Ad Sales Drop In Areas Hit Hard By Coronavirus
Facebook stock fell then reversed as the company said it's seeing a drop in ad sales in countries hit hard by the coronavirus, causing analysts to cut price targets on Facebook stock.
7 ETFs To Buy In A Recession
FinanceBenzinga
7 ETFs To Buy In A Recession
When the economy transitions from expansion to contraction and the market transitions from a bull to a bear, investors can't expect all the same stocks and funds to outperform and the same investing strategies to continue to work.Economic fears due to the spread of the COVID-19 coronavirus has led
E-mini S&P 500 Index (ES) Futures Technical Analysis – Trade Through 2499.00 Shifts Momentum to Upside
FinanceFX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Trade Through 2499.00 Shifts Momentum to Upside
Based on the early price action and the current price at 2353.00, the direction of the June E-mini S&P; 500 Index the rest of the session on Tuesday is likely to be determined by the pivot at 2336.50.
Sands’ Adelson Made Calls on Stimulus Bill But Won’t Take Loans
FinanceBloomberg
Sands’ Adelson Made Calls on Stimulus Bill But Won’t Take Loans
(Bloomberg) -- Sheldon Adelson, the politically connected founder of Las Vegas Sands Corp., made calls to contacts in Washington to spur passage of the $2 trillion stimulus bill, but won’t be seeking loans for his company.Adelson, one of the world’s richest men and largest contributors to Republican
NewsCBS News Videos
Ford Motor CEO on shifting production from cars to ventilators
Ford Motor Company announced it will help overcome critical supply shortages in the face of the coronavirus pandemic. The automotive giant is partnering with GE Healthcare to expand production of much-needed ventilators each month to treat coronavirus patients. Ford is also using its 3-D printing factories
Stock Gains Fade As Dow Leads Market; IBD 50 Shows A Curious Trend
FinanceInvestor's Business Daily
Stock Gains Fade As Dow Leads Market; IBD 50 Shows A Curious Trend
The stock market held strong gains late Wednesday but the advance faded in the final minutes of trading. The IBD 50 performed in line with the market, but there was a curious trend among its laggards.
Gilead pulls back 'orphan drug' request for experimental COVID drug
FinanceAmerican City Business Journals
Gilead pulls back 'orphan drug' request for experimental COVID drug
The Foster City-based company had faced criticism from Sen. Bernie Sanders and others about the designation, which would carry tax benefits and expand exclusivity for its experimental COVID-19 drug.
Why Losing Your Sense of Smell Could Be a Symptom of COVID-19
NewsTime
Why Losing Your Sense of Smell Could Be a Symptom of COVID-19
Is losing your sense of smell a symptom of COVID-19? Here's what we know so far.
What 401(k) investors can learn from Tuesday’s massive market bounce
FinanceMarketWatch
What 401(k) investors can learn from Tuesday’s massive market bounce
Dalbar, a financial analysis company, calculates that ordinary investors have on average missed out on most of the stock market’s long term gains over the past 30 or more years. Historically the biggest stock market jumps have come after giant plunges. Historically, the biggest one-day stock market
To win the long game against Covid-19, scientists race to roll out a different kind of test
FinanceQuartz
To win the long game against Covid-19, scientists race to roll out a different kind of test
Some serologic tests are being marketed as an easier alternative to molecular tests, but people should be wary of using any blood test to diagnose an infection.
USD/JPY Forex Technical Analysis – Strengthens Over 111.476, Weakens Under 110.726
FinanceFX Empire
USD/JPY Forex Technical Analysis – Strengthens Over 111.476, Weakens Under 110.726
Based on the early price action, the direction of the USD/JPY the rest of the session on Wednesday is likely to be determined by trader reaction to a pair of uptrending Gann angles at 110.726 and 111.476.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Changes to Up on Trade Through 7629.00
FinanceFX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Changes to Up on Trade Through 7629.00
Based on the early price action and the current price at 7330.00, the direction of the June E-mini NASDAQ-100 Index the rest of the session on Tuesday will likely be determined by trader reaction to the pivot at 7128.75.
FinanceBloomberg
Winners and Losers in Congress’s $2 Trillion Virus Rescue Plan
(Bloomberg) -- Days of negotiations between the Trump administration and Congress -- and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak -- has yielded a rescue package worth more than $2 trillion in spending and tax breaks.Here are some of the winners and losers
Leading Biotech Stocks Bounce Back Amid Rush To Treat Coronavirus
FinanceInvestor's Business Daily
Leading Biotech Stocks Bounce Back Amid Rush To Treat Coronavirus
Biotechs are among coronavirus stocks leading the bear market amid the rush to find a drug to treat the rapidly spreading global pandemic.
FinanceWSJ
How China Is Using Soft Power to Rewrite the Coronavirus Narrative
China is sending doctors and medical supplies to Italy and other countries that have been hit hard by the coronavirus. WSJ’s Eric Sylvers in Milan explains how China is using soft power to change perceptions about its handling of the pandemic. Photo: Moura Balti Touati/Shutterstock
Nordstrom Cuts Half a Billion Dollars From Spending Plan Amid Coronavirus Crisis
LifestyleFootwear News
Nordstrom Cuts Half a Billion Dollars From Spending Plan Amid Coronavirus Crisis
The retailer said it was also exploring options to raise additional capital.
EUR/USD Mid-Session Technical Analysis for March 24, 2020
FinanceFX Empire
EUR/USD Mid-Session Technical Analysis for March 24, 2020
Based on the early price action and the current price at 1.0823, the direction of the EUR/USD the rest of the session on Tuesday is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.0616.
FinanceBarrons.com
Zoom Video Stock Has Surged, and Insiders Sold a Slew of It
So far this year, executives and directors of the videoconferencing firm have sold $129.4 million in stock, led by founder and CEO Eric Yuan. Zoom stock has quadrupled since its IPO last year.
U.S. Dollar Index (DX) Futures Technical Analysis – As Liquidity Issues Ease, Headed to 99.245 – 98.130
FinanceFX Empire
U.S. Dollar Index (DX) Futures Technical Analysis – As Liquidity Issues Ease, Headed to 99.245 – 98.130
Based on the early price action and the current price at 101.515, the direction of the June U.S. Dollar Index the rest of the session on Wednesday is likely to be determined by trader reaction to the major 50% level at 101.495.
U.S. Deaths Top 1,000; Senate Approves Stimulus: Virus Update
FinanceBloomberg
U.S. Deaths Top 1,000; Senate Approves Stimulus: Virus Update
(Bloomberg) -- The U.S. death toll from the coronavirus topped 1,000, according to a Johns Hopkins tally. The Senate approved a more-than-$2 trillion stimulus package. Singapore estimated that its economy contracted the most in a decade, an early sign of the hit that’s in store for many.The U.S. Senate
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Next Upside Target is 22524 to 23571
FinanceFX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Next Upside Target is 22524 to 23571
We’re looking for the June E-mini Dow Jones Industrial Average to surge on a breakout over the minor top at 20882. This should trigger a minimum rally into the short-term retracement zone at 22524 to 23571.
FinanceYahoo Finance Video
Citi's Jim Suva on Apple: some demand is "being destroyed" because of COVID-19
Citi Research Analyst and Managing Director Jim Suva joins Yahoo Finance’s Zack Guzman to discuss why he recently slashed his price target on Apple and how the coronavirus is weighing on demand for the tech giant.
Column: Leaving seniors to fend for themselves during pandemic 'has cost lives'
NewsLA Times
Column: Leaving seniors to fend for themselves during pandemic 'has cost lives'
At age 90, Paula Stewart has lived a long and colorful life. She appeared on Broadway with Lucille Ball. She was married to composer Burt Bacharach and comedian Jack Carter. Now she just wants her drugstore to deliver so she doesn't have to put her life on the line filling prescriptions.
Aetna waives patient payments for coronavirus hospital stays
FinanceAssociated Press
Aetna waives patient payments for coronavirus hospital stays
One of the nation’s biggest health insures is waiving patient payments for hospital stays tied to the coronavirus. CVS Health’s insurer Aetna said Wednesday that many of its customers will not have to make copayments or other forms of cost sharing if they wind up admitted to a hospital in the insurer
Why a wave of at-home coronavirus tests is dividing global regulators
FinanceQuartz
Why a wave of at-home coronavirus tests is dividing global regulators
Biotech labs are inventing new Covid-19 tests every day. So why is there still a global testing shortage?
FinanceSouth China Morning Post
Guest of SG Group's March 20 share listing ceremony at the Hong Kong stock exchange tests positive for the coronavirus
A guest who attended the March 20 listing ceremony by SG Group Holdings at the Hong Kong stock exchange has tested positive for the coronavirus, according to the bourse operator.The infected person was among the bankers, accountants and company executives gathered to witness the ceremonial striking of
Gold Declines a Second Day as Investors Weigh Squeeze, Stimulus
FinanceBloomberg
Gold Declines a Second Day as Investors Weigh Squeeze, Stimulus
(Bloomberg) -- Gold dropped for a second day as concerns over the threat of a trading squeeze eased and investors digested the text of the U.S. stimulus bill.Bullion had a fraught start to the week as logistical disruptions caused by the coronavirus pandemic led to a divergence of prices in New York
FinanceU.S.News & World Report
Preparing Your Finances for a Recession
While it has been expected the booming economy would eventually slow down -- or correct, as financial experts say -- no one could have anticipated that it would come to such an abrupt halt in March as coronavirus swept across the country, shuttering businesses and driving up unemployment rates. It now
What you need to know about the coronavirus right now
FinanceReuters
What you need to know about the coronavirus right now
Prospects look to be gaining for passage of a $2 trillion coronavirus economic stimulus package through the U.S. Senate later on Tuesday. Treasury Secretary Steven Mnuchin is due to return to Capitol for more talks and Senate Democratic Leader Chuck Schumer sounded an optimistic note. "That'
Uber and Airbnb Lobby for Gig Worker Bailout
FinanceBloomberg
Uber and Airbnb Lobby for Gig Worker Bailout
(Bloomberg) -- Isolated with his family at home in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi has been making pleading phone calls to members of Congress. Khosrowshahi is asking for a bailout—not for his company, which has told investors it should have at least $4 billion in cash by
FinanceBarrons.com
The Dow Lost Half Its Gains in the Final Minutes of Trading Because the Stimulus Bill Is Still Being Debated
Stocks tumbled into the closing bell on Wednesday, after three Republican senators and independent Bernie Sanders threatened to delay the passage of a seemingly agreed upon $2 trillion stimulus bill.
NZD/USD Forex Technical Analysis – Strengthening as Demand for Greenback Eases
FinanceFX Empire
NZD/USD Forex Technical Analysis – Strengthening as Demand for Greenback Eases
A sustained move over .5568 will indicate the presence of buyers. If this generates enough upside momentum then look for the rally to possibly extend into the short-term 50% level at .5959, followed by the downtrending Gann angle at .6008.
These Philadelphia-area stocks soared as the Dow posted its biggest gain since 1933
FinanceAmerican City Business Journals
These Philadelphia-area stocks soared as the Dow posted its biggest gain since 1933
A month to the day the stock market began imploding due to fears of the spreading coronavirus, the Dow Jones Industrial Average had its biggest one-day jump since 1933. Many of the Philadelphia region’s largest companies saw their stock prices turn from red to green en masse. The Dow gained 2,112.98
USD/JPY Forex Technical Analysis – Early Signs of a Top as Swap Spreads Narrow
FinanceFX Empire
USD/JPY Forex Technical Analysis – Early Signs of a Top as Swap Spreads Narrow
Based on the early price action and the current price at 110.697, the direction of the USD/JPY the rest of the session on Tuesday is likely to be determined by trader reaction to the downtrending Gann angle at 1