Month: April 2020

(Bloomberg) — Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.The talks still face significant obstacles: a meeting of producers from OPEC+ and beyond — delayed once — is only tentatively scheduled for Thursday. Russia and Saudi Arabia want the U.S. to join in, but U.S. President Donald Trump has so far shown little willingness to do so.Oil diplomats are trying to stitch together a meeting of G20 energy ministers for Friday, part of an effort to bring the U.S. …read more […]

(Bloomberg) — Few predict anything less than turbulence for global markets in the coming week. But those who think the worst has passed are finding their voice.Commentators from Morgan Stanley to Eaton Vance are turning less gloomy. They’re encouraged by a combination of unprecedented government and central bank stimulus efforts, declining volatility and — crucially — signs that the coronavirus pandemic is peaking in parts of Europe.“There is light at the end of the tunnel but it’s still a long tunnel,” Erik Nielsen, UniCredit SpA’s London-based chief economist, wrote in a note Sunday.None of which means markets will gain much …read more […]

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Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week. The move lower may be muted as the market reacts to U.S. President Donald Trump’s statement on Saturday that he will put tariffs on Saudi and Russian production, potentially accelerating a meeting. OPEC and its allies postponed an emergency meeting scheduled for Monday, led by Saudi Arabia, where the oil cuts could be agreed upon. …read more […]

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Since February 12th, the markets have been declining due to the global panic surrounding COVID-19. While so many companies are struggling during this time, investors are wondering which stocks are going up? The Nasdaq dropped another 1.53% over the last 5 days. However, not all stocks are declining. Let’s take a look at 5 stocks with large % gains over the past 5 days.

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5 Stocks That Are Going Up: 5 …read more […]

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The government has introduced several temporary changes that could help people shore up their finances and manage their retirement accounts. …read more […]

Financial pain for U.S. households triggered by the coronavirus pandemics is starting to show, according to a new survey. …read more […]

Coronavirus developments will continue to take centerstage this week for investors. …read more […]

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