Trading News
Latest trends and news in the trading world.
BLOOMBERG: Wall Street’s bulls drive epic market split from grim reality
Wall Street’s bulls drive epic market split from grim realityUnemployment is spiraling toward 20%. Retail sales just dropped the most on record. Global economists predict the worst recession in eight decades. And stock investors have made peace with it all.Read in...
BLOOMBERG: Stocks sink and Treasuries soar after bleak U.S. data
Stocks sink and Treasuries soar after bleak U.S. dataStocks slumped, while Treasuries surged as bleak retail, manufacturing and homebuilding data from the world’s largest economy added to concern over a severe global recession.Read in Bloomberg:...
BLOOMBERG: JPMorgan Profit Sinks to Lowest Since 2013 on Virus Fallout
JPMorgan Profit Sinks to Lowest Since 2013 on Virus FalloutJPMorgan Chase & Co. said first-quarter profit tumbled 69% to the lowest in more than six years as credit costs surged, giving investors a first glimpse at the extent of the damage Covid-19 is wreaking on...
CHEDDAR: U.S. Stocks Head Lower Following Their Biggest Week Since 1974
U.S. Stocks Head Lower Following Their Biggest Week Since 1974By Associated Press Apr 13, 2020 By Alex Veiga and Damian J. Troise Stocks headed lower on Wall Street in early afternoon trading Monday as investors braced for a sobering first look this week at how the...
MARKETWATCH: Stock-index futures dragged lower as oil stumbles after historic agreement on output cuts
Stock-index futures dragged lower as oil stumbles after historic agreement on output cutsStock-index futures quickly give up early gains Sunday evening, as oil proved unable to get a lift from a historic agreement by major producers to curb production, ending a price...
Daily Mail: China’s economy forecast drop 10% due to coronavirus shutdown
China's economy forecast drop 10% due to coronavirus shutdownCompared to the previous three months, China's economy is forecast to be almost 10 per cent down and with a 6 per cent drop on last year. The UK economy could shrink by up to 15 to 25 per cent.Read in Daily...
Fast Company: Top economist: The 1930s Depression was ‘Great.’ This one might be greater
Top economist: The 1930s Depression was ‘Great.’ This one might be greaterBy any reckoning, the coronavirus pandemic will be at least a temporary body blow to the U.S. and global economies. The debate among forecasters is whether unemployment this summer will peak at...
BARRON’S: Stocks Just Had Their Best Week in Decades. Get Ready for a Drop.
Stocks Just Had Their Best Week in Decades. Get Ready for a Drop.Eventually, the market will have to stop worrying about fiscal policy and peak pandemic and start worrying about earnings.Read in Barron's: https://apple.news/ALvPA051LSYGp6Wzb-BiuQwShared from Apple News
BARRON’S: Get ready for a post-coronavirus world. The economy will never be the same.
Get ready for a post-coronavirus world. The economy will never be the same.The pandemic has had a huge impact—and will have lasting effects.Read in Barron's: https://apple.news/A8AcROQeFSeO4ujBi7lg7xgShared from Apple News
MARKETWATCH: Opinion: Stocks will revisit their coronavirus crash low, and here’s when to expect it
Opinion: Stocks will revisit their coronavirus crash low, and here’s when to expect itU.S. market history points to a final bottom in August, writes Mark Hulbert.Read in MarketWatch: https://apple.news/AEsXtIp1GTdevsOMtD7nI-gShared from Apple News
YAHOO FINANCE: ‘This will kill the business:’ Brokers sound off as coronavirus forces NYSE to go all electronic
'This will kill the business:' Brokers sound off as coronavirus forces NYSE to go all electronicNYSE will operate on a full electronic basis starting Monday after temporarily shutting down its iconic trading floor. Its unclear how long the temporary shutdown will...
YAHOO FINANCE: It would be unprecedented for a bear market to be this short: Wells Fargo strategist
It would be unprecedented for a bear market to be this short: Wells Fargo strategist‘It would be unusual and unprecedented for a bear market or recession to only last 30 or 45 days. It just doesn't happen,’ said Darrell Cronk, president of the Wells Fargo Investment...