Trading News
Latest trends and news in the trading world.
AXIOS: Coronavirus only part of the story behind the Dow’s drop
Coronavirus only part of the story behind the Dow’s dropAs someone has certainly told you by now, the Dow fell by more than 1,000 points yesterday, its worst day in more than two years, erasing all of 2020's gains. Most news headlines assert that the stock market's...
THESTREET: Coronavirus Correction Begins Its Second Leg – Here’s How to Trade Key ETFs
Coronavirus Correction Begins Its Second Leg - Here's How to Trade Key ETFsThe major equity ETFs have downside risk to quarterly value levels at $273.94 for Diamonds, $308.92 for Spiders and $211.41 for QQQs. The market has entered the second wave of what we might...
THESTREET: How the Coronavirus Is Impacting FAANG Stocks
How the Coronavirus Is Impacting FAANG StocksFAANG stocks are underperforming a market that's getting hammered, although the tech group is largely unexposed to the economic impact from the virus. FAANG stocks, which are largely unexposed to the negative economic...
CBS NEWS: Coronavirus has Amazon scrambling to fill inventories, report says
Coronavirus has Amazon scrambling to fill inventories, report saysSome sellers on the platform are cutting back on online ads to make sure they don't run out of stock, New York Times says.Read in CBS News: https://apple.news/As4JlsCmJQPaXegPYJArh9AShared from Apple News
MARKETWATCH: Suze Orman says investors should ‘rejoice’ at the Dow’s more-than-1,000-point tumble — here’s why
Suze Orman says investors should ‘rejoice’ at the Dow’s more-than-1,000-point tumble — here’s whySuze Orman says investors should stay the course and explains why she thinks investors worried about their retirement savings after a historic downturn for the Dow Jones...
FORTUNE: Coronavirus should not make investors panic. But it should make them do this
Coronavirus should not make investors panic. But it should make them do thisSometimes headlines can provide a dose of reality for those investors who miscalibrated their tolerance for volatility and potential losses in the markets.Read in FORTUNE:...
BLOOMBERG: Why Today? After Weeks of Holding Firm, Stocks Finally Sell Off
Why Today? After Weeks of Holding Firm, Stocks Finally Sell OffA lot of traders were sure last week that Apple Inc.’s China-related sales warning would hammer global markets. It didn’t. Now, a week later, with the bottom finally falling out, it’s reasonable to ask why...
BLOOMBERG: Millions of Chinese firms face collapse if banks don’t act fast
Millions of Chinese firms face collapse if banks don’t act fastBrigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and...
VOX: America’s monopoly problem, explained by your internet bill
America’s monopoly problem, explained by your internet billWe should be asking the government and corporate America how we got here. Instead, we just keep handing over our money.Read in Vox: https://apple.news/AiwbvdiX_TMmPLQOL5A1WiAShared from Apple News
Exclude these five megacaps, and earnings are down in Q4
Exclude these five megacaps, and earnings are down in Q4 seekingalpha.com/news/3542644
MARKETWATCH: HSBC and Glencore drag London stocks into the red
HSBC and Glencore drag London stocks into the redA sharp fall in the FTSE 100’s most heavily weighted stock — HSBC — dragged the U.K. index deep into the red on TuesdayRead in MarketWatch: https://apple.news/ArDVab8xSRSOFjITexir4VgShared from Apple News
THE TIMES OF LONDON: HSBC to cut 35,000 jobs and shed $100 billion of assets
HSBC to cut 35,000 jobs and shed $100 billion of assetsHSBC is to cut about 35,000 jobs and shed $100 billion of assets as part of a dramatic overhaul to revive its fortunes and boost returns to investors. The group’s finance chief, Ewen Stevenson, said that this...