Trading Ideas
Month: March 2020
Business News
U.S. Senate passes $2 trillion bill for ‘strange and evil’ coronavirus crisis
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
Business News
Factbox: Latest on the spread of the coronavirus around the world
Coronavirus cases across the globe jumped on Thursday as Japan planned to set up a special virus task force and New Zealand went under lockdown. The U.S. Senate unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the epidemic.
Trading Ideas
Hedge Funds Have Never Been This Bullish On Welltower Inc. (WELL)
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
Trading Ideas
Here is What Hedge Funds Really Think About Carnival plc (CUK)
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
Business News
Oil prices slip as demand shrinks, but stimulus supports
Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
Business News
‘Apocalypse now’: Airlines turn to cargo for revenue as U.S. Senate approves aid package
Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support.
Business News
U.S. Senate approves big rescue for struggling aviation sector
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in a coronavirus-rescue package, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
Business News
U.S. Senate passes $2 trillion coronavirus relief bill
The U.S. Senate on Wednesday overwhelmingly backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
Business News
U.S. Senate votes to grants struggling aviation sector big bailout
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of grants earmarked to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
Business News
China, U.S. to set aside differences in G20 coronavirus summit: SCMP
China and the United States are expected to call a timeout on their coronavirus blame game and focus on the challenges of the pandemic when leaders of the G20 nations hold talks via video conference on Thursday, the South China Morning Post said.
Business News
Stocks run out of steam on U.S. job jitters, yen gains
A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a likely spike in U.S. jobless claims.
Trading Ideas
Stocks Mixed After Rally; Treasuries, Yen Rise: Markets Wrap
(Bloomberg) — Asian stocks were mixed on Thursday, following the first back-to-back gains for global equities since mid-February, as investors digested the text of the U.S. stimulus bill.Japanese shares sank more than 2% amid further efforts to contain the movement of people, while equities in Hong Kong were also lower. Shares in South Korea saw modest gains, with the Sydney market more than 2% higher. S&P 500 futures dipped after the benchmark’s rally of more than 5% fizzled. Senate negotiators circulated what was labeled a final draft of the negotiated agreement, prior to a vote due to take place soon. …read more […]
Business News
Airbnb says U.S. coronavirus stimulus bill could offer its hosts some relief
Airbnb Inc hosts in the United States could get some relief from a $2 trillion coronavirus stimulus bill that is nearing a vote in Congress, the home-rental startup said on Wednesday.
Trading Ideas
Gold Declines a Second Day as Investors Weigh Squeeze, Stimulus
(Bloomberg) — Gold dropped for a second day as concerns over the threat of a trading squeeze eased and investors digested the text of the U.S. stimulus bill.Bullion had a fraught start to the week as logistical disruptions caused by the coronavirus pandemic led to a divergence of prices in New York and London, with traders worried about getting supply, although there are signs that the peak tightness may have eased for now.Late on Tuesday, CME Group said it would rush the launch of a new gold futures contract under which 400-ounce bars would also be deliverable. The move offers …read more […]