Month: March 2020

(Bloomberg) — Crude dropped to its lowest in 17 years as virus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and an unmanageable surplus.Futures in London fell as much as 7.6% to their lowest since November 2002 while also slumping in New York to trade below $20 a barrel. Physical oil markets are struggling to store fuel, hit by a double whammy of coronavirus restrictions eroding demand while Saudi Arabia and Russia dig in their heels over a damaging war for market share.The kingdom said on Friday that it hadn’t had any contact with …read more […]

Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. Rodrigo Catril, a senior FX strategist at NAB, said the main question for markets was whether all the stimulus would be enough to help the global economy withstand the shock. “To answer this question, one needs to know the magnitude of the containment measures and for how long they will be implemented,” he added. …read more […]

(Bloomberg) — U.S. stock futures fell, rolling back more of last week’s surge, as traders reacted to weekend news that included U.S. coronavirus cases topping 132,000 and warnings that U.K. lockdowns could last six months.Contacts on the S&P 500 expiring in June fell 2% to 2,472 as of 6:59 p.m. in New York, paring a drop that exceeded 3% in the first minutes. Friday’s session had a turbulent end, with the cash market tumbling about 3% in the last half hour. The S&P 500 still managed to end the week with a 10% gain, its biggest in 11 years, boosted …read more […]

(Bloomberg) — U.S. equity futures declined and the yen edged higher as investors kicked off the week with renewed caution amid the ongoing rise in coronavirus infections. Oil slid.Asian stocks looked set for losses after selling ramped up late Friday on Wall Street. The top U.S. infectious disease expert said deaths may reach 200,000 and President Donald Trump said he was extending virus guidelines to April 30. In Europe, Spain recorded its most daily deaths so far, though fatalities in Italy declined for a second day. The Aussie was lower after the country limited public gatherings to just two people. …read more […]

Stocks futures kicked off the overnight session lower on Sunday as market participants continued tracking the spread of the coronavirus outbreak and the daily life disruptions it has invoked around the world. …read more […]

Howard Marks lays out the conundrum investors face. …read more […]

‘We can rebuild America’s infrastructure, and help support the economy to enhance the recovery from the virus,’ Ackman Tweeted on Sunday. …read more […]

Liam Eagle, S&P Global Market Intelligence Research Vice President, joins Yahoo Finance Live to highlight a new survey revealing the impact COVID-19 is having on businesses. …read more […]

Shale gas production could start to fall this summer and today’s oversupplied markets could start to become much tighter next winter …read more […]

History shows that bear markets are punctuated by sharp bounces, Wall Street pros point out. …read more […]

Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Anjalee Khemlani discuss the latest on the coronavirus outbreak. …read more […]

For more than 44 million borrowers with $1.5 trillion in outstanding student debt, Congress is offering relief on top of what the White House and the Education Department have already announced. …read more […]