Trading Ideas
Month: March 2020
Business News
Global shares extend rebound on policy action hopes
Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus.
Trading Ideas
Business News
Top central banks appear primed to act to combat coronavirus risk
The world’s top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week.
Business News
Google’s self-driving sister, Waymo, gets first outside investors
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
Business News
Shareholder calls for separation of J&J’s CEO and chairman roles
Trillium Asset Management LLC has called for the separation of Johnson & Johnson’s chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
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Dow surges 1,290 points, seeing biggest-ever point gain
U.S. stocks skyrocketed on Monday, with the Dow setting a single-day point record in a broad-based rebound, after mounting coronavirus fears sent global markets into a week-long swoon. Jason Ware, Albion Financial Group Partner & CIO, joined The Final Round to discuss. …read more […]
Business News
White House set to meet with airline, cruise industry CEOs
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed on Monday.
Business News
Britain vows ‘hard bargain’ in list of demands for U.S. trade deal
Britain on Monday unveiled its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two allies’ “special relationship”.
Business News
Trillium Asset calls for separation of J&J’s CEO and chairman roles
Trillium Asset Management LLC has called for the separation of Johnson & Johnson’s chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
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The Supreme Court will consider Obamacare's constitutionality — and the outcome could bring 'total chaos'
The Supreme Court has agreed to hear an appeal case on the Affordable Care Act (ACA), commonly known as Obamacare, that could potentially invalidate the entire law. …read more […]
Business News
Honda to cut production at Japanese plants on sourcing concerns
Japan’s Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Business News
Bets on big Fed rate cuts rise as virus spreads, ECB vows action
Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary rescue.
Business News
Trump, business leaders comment on Jack Welch’s death
Jack Welch, the legendary CEO who led General Electric Co for two decades to create the most valuable public company in the United States, died at the age of 84.
Trading Ideas
What to watch in the markets: Tuesday, March 3
On Monday, the major indexes closed 4% higher as investors bought into the coronavirus market dip. Here’s Myles Udland with a lookahead at some of the stories that will be making headlines on Tuesday. …read more […]