Month: February 2020

(Bloomberg) — Traders braced for the reopen of mainland Chinese markets on Monday, with stocks across the Asia Pacific region set for further declines as the deadly virus outbreak showed no signs of slowing.Futures indicated declines in Tokyo, Hong Kong and Australia after the S&P 500 Index on Friday slumped 1.8%. Investors are also assessing intervention from China’s central bank, which is providing more than $21 billion of liquidity in a bid to support markets and its economy. Among the weekend’s coronavirus developments, a man died in the Philippines in the first fatality outside China.The offshore yuan was steady early …read more […]

The Americas: The Maduro regime is reportedly pressuring stores in Venezuela to accept the government’s new digital currency, the petro, despite its dubious value. Image: Cristian Hernandez/Shutterstock …read more […]

(Bloomberg) — Fresh from their worst month since August, emerging-market stocks and currencies are headed for more tumult as investors weigh the economic shocks from the coronavirus outbreak.Investors are bracing for a selloff in Chinese stocks and bonds when the mainland’s financial markets reopen on Monday for the first time since Jan. 23 after the extended Lunar New Year holidays. Even a slew of measures from the nation’s regulators to shore up the financial system — including a money-market injection that will probably total 150 billion yuan ($21.7 billion) on a net basis on Monday — won’t be enough to …read more […]

China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources with direct knowledge of the matter told Reuters. The sources said China Securities Regulatory Commission (CSRC) had issued a verbal directive to brokerages including Citic Securities Co. and China International Capital Corp. to bar their clients from selling borrowed stocks on Feb. 3. It was not clear if the suspension — which was first reported on Sunday by Chinese media outlet 21st Century Business Herald — would be extended beyond …read more […]

While the urban world is talking about the power and promise of 5G, much of rural America is still having trouble getting online. …read more […]

The retail industry has had to adapt to a new paradigm since the turn of the century. The rise of e-commerce has changed the way consumers shop, with brick-and-mortar stores finding it difficult to compete with the ease of online shopping. For these names, it comes down to the reigning mantra of adapt or die.Investment firm Needham recently surveyed its shopping basket of retail stocks under coverage in order to reassess how they look going into the year ahead. “We favor companies with strong secular tailwinds, those with discounted valuations that can benefit from self-help, and premium brands with pricing …read more […]

McDonald’s Corporation (NYSE:MCD) last week reported its latest annual results, which makes it a good time for… …read more […]

Last week, you might have seen that Mastercard Incorporated (NYSE:MA) released its full-year result to the market. The… …read more […]

Pop icons Jennifer Lopez and Shakira are slated to perform at the 2020 Super Bowl halftime show in Miami. …read more […]

I’m 58 years old and for the first time ever, retirement seems real to me. The problem is I don’t have any money. Now what? …read more […]

It’s great to see L Brands (NYSE:LB) shareholders have their patience rewarded with a 32% share price pop in the last… …read more […]

Illumina, Inc. (NASDAQ:ILMN) shares fell 9.2% to US$290 in the week since its latest full-year results. Illumina… …read more […]

While 2019’s market performance broke records, Wall Street is less optimistic about 2020. The pros foresee those gains leveling off in coming months and a possible year-end cumulative increase of just 3% to 5%. Even though that would bring a profit to investors, it’s nothing to write home about.However, it’s important to remember two things: first, that is just a projection, and second, it’s based on the average upsides of an array of stocks. Which means, of course, that some stocks are going to have a much higher upside potential – and since there is no ceiling on that, it …read more […]