Trading Ideas
Month: March 2020
Trading Ideas
When a Hot Gold Trade Blew Up, the Rush for 100-Ounce Bars Began
(Bloomberg) — There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.Not only are prices swinging in an erratic fashion — surging one moment and crashing the next — that is undermining the metal’s vaunted status as a haven in times of crisis, but unprecedented logistical disruptions have also kicked off a frantic hunt for actual bars of gold.At the center of it all are a small band of traders who for years had cashed in on what had always been a sure-fire bet: shorting …read more […]
Trading Ideas
Business News
GM reaches settlement over lost vehicle value from defective ignition switches
General Motors Co has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths.
Trading Ideas
FDA greenlights COVID-19 point-of-care test
The U.S. Food and Drug Administration approved a portable swab test which can provide results for the coronavirus in less than 15 minutes. …read more […]
Business News
Airbnb suspends marketing to save $800 million, top executives take pay cut: source
Airbnb Inc has suspended all its marketing activities to save $800 million this year, and its founders will take no salary for the next six months while top executives will take a 50% cut, according to a person familiar with the matter.
Trading Ideas
How We’re Covering Our #$$ During This Market Uncertainty
What makes the stock market so fascinating is that you can make money no matter which direction it moves…
Bryan Bottarelli, The War Room’s Head Trade Tactician, has been showing members how to do just that with a mix of picks that have been killing this market day after day. He does it by playing short-term moves up and down, buying calls when the market goes up and buying puts when it goes down.
That’s balance!
And our track record since this crisis began shows it. The War Room has recorded a more than 90% win rate during this downturn, and you can …read more […]
Business News
Apple’s factories are running, but suppliers wary about iPhone demand
As China reopens its economy after months of lockdown, Apple Inc’s iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of phones expected in the fall.
Trading Ideas
Spanish Flu vs. Coronavirus
There are exactly zero active investors alive today who have managed a retirement portfolio through a truly global pandemic.
We need to go back 100 years to the Spanish flu outbreak of 1918 to find an event similar to the one we are going through today.
I’m glad for that…
Today I want to take a look at what happened to the stock market 100 years ago during the Spanish flu as investors navigated through that terrifying experience.
I believe revisiting what happened then can provide us with invaluable advice on what we should be doing today.
The Spanish Flu’s Terrible Toll: 50 Million to …read more […]
Trading Ideas
Coronavirus stimulus package: Aid and stimulus guide for U.S. individuals and businesses
Yahoo Finance is tracking these federal emergency stimulus measures and how individuals and businesses can apply for assistance. …read more […]
Trading Ideas
Business News
Bipartisan majority of Americans reject Trump idea to reopen by Easter: Reuters/Ipsos poll
A bipartisan majority of Americans appear to reject an idea floated by President Donald Trump to reopen businesses by Easter, according to a Reuters/Ipsos poll, which also showed that nearly one in four have been laid off or furloughed during the coronavirus outbreak.
Trading Ideas
Southwest Says It’s Losing ‘Big Money’ on Every Flight
(Bloomberg) — Southwest Airlines Co. is losing “big money” on every flight, raising the risk of worker furloughs in the longer-term despite billions of dollars in immediate aid from the U.S. government.The biggest U.S. discounter is “appreciative” of the package of loans and cash assistance approved by the Senate and awaiting a vote in the House of Representatives, Chief Executive Officer Gary Kelly said Thursday. If approved and signed by President Donald Trump, the program would provide an option to secure cash “that’s at least accessible, and quickly and simply,” he said.Airlines have been battered as the spread of coronavirus …read more […]
Business News
European airlines resist mounting coronavirus refund claims
European airlines waiting in line for coronavirus bailouts want to tap another source of interest-free loans: their customers.
Trading Ideas