Trading Ideas
Month: March 2020
Trading Ideas
U.S. Stock Futures Drop With Virus News Rattling Investor Nerves
(Bloomberg) — U.S. stock futures fell in a signal the sell-off in American equities will continue after a torrent of weekend news fortified concerns the coronavirus would severely damage the global economy.Contracts on the S&P 500 dropped 1% to 2,920 as of 6:31 p.m. in New York, with losses mitigated by speculation the Federal Reserve will cut interest rates this month. The underlying index sank 11% in the prior five sessions in the biggest weekly rout since the financial crisis. Dow Jones Industrial Average futures slid 1.8% and Nasdaq 100 contracts lost 2.3%.Stocks are mired in a seven-day rout that’s …read more […]
Business News
U.S. stock futures resume coronavirus rout as trading resumes
U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
Business News
American Airlines waives change fees as United braces for new flight cancellations
American Airlines Group Inc said on Sunday it was waiving change fees on all newly purchased tickets amid declining air travel demand because of the new coronavirus outbreak.
Business News
U.S. bank lobby economist predicts global rate cut coming … this Wednesday
Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world’s big central banks, including the Federal Reserve, will soon step in to try to quell the storm.
Trading Ideas
Opinion: Sanders’s Supporters Don’t Understand the Cuban Revolution
The Americas: Many in Florida, including Democrats such as Representative Donna Shalala, have slammed Bernie Sanders comments on Cuba as uninformed. Image: AP/Shutterstock/Composite: Brad Howard …read more […]
Business News
Britain vows to drive hard bargain in U.S. trade talks
British Prime Minister Boris Johnson warned he would drive a hard bargain with the United States in upcoming trade talks as the government sets out its negotiating position on Monday.
Trading Ideas
Trading Ideas
Opinion: Has the Federal Judiciary Become Too Politicized?
Trump Takes on Sotomayor and Ginsburg. Image: Jacquelyn Martin/Associated Press …read more […]
Trading Ideas
Opinion: The Realities of a Sanders Foreign Policy
Bernie moves the Democrats toward the far left. Image: Samuel Corum/Shutterstock …read more […]
Trading Ideas
Opinion: Hits and Misses of the Week
The best and worst from Kim Strassel, Kyle Peterson, Mary O’Grady and Dan Henninger. Image: Justin Lane/Shutterstock …read more […]
Business News
Canada and indigenous group reach tentative deal in dispute that led to road, rail blockades
Canadian authorities on Sunday reached a tentative deal with an indigenous group in the Pacific province of British Columbia that could end solidarity protests across Canada that have been blocking rail lines and roads for weeks.
Business News
United Airlines CEO says it ‘likely’ it will need to cut additional flights
United Airlines Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.
Trading Ideas
Past Fed rate cuts suggest Bitcoin is not a safe haven asset
Bitcoin’s performance during the past three interest rate cuts suggests that it is not a safe haven asset, The Block’s research shows. In 2019, the Federal Reserve Board (Fed) cut the interest rate three times, which currently sits at 175 bps. During the three cuts, bitcoin’s price did not show any significant pick-up, the research found. […]The post Past Fed rate cuts suggest Bitcoin is not a safe haven asset appeared first on The Block. …read more […]
Trading Ideas
Yuan Drops With Aussie on Virus Fear, Economy Woes: Markets Wrap
(Bloomberg) — Financial markets kicked off the week with renewed pessimism after data showed the Chinese economy is struggling with its coronavirus-induced shutdown and new fatalities were reported across the world. The offshore yuan sank with the Australian dollar.The offshore yuan retreated after data over the weekend showed activity contracted sharply last month. The yen climbed as the recent clamor for haven assets showed no signs of letting up, and the Aussie dollar plumbed fresh 11-year lows as investors ramped up bets for more monetary stimulus. The Federal Reserve said late Friday it’s open to action, with traders now pricing …read more […]