Month: April 2020

DA stock market rally is an exciting thing to be part of. All week you’ve been watching your holdings decrease in value—then, suddenly, they’re trending up at a fast pace! A market rally can ease the pain of sudden losses and even end higher than where the downturn started. That is, of course, if it’s not a dead cat bounce or a pump-and-dump scenario.
In times of market volatility, stock market rallies aren’t uncommon. In fact, they’re actually part of the reason markets are so volatile! It’s important to pay attention to when the market is poised to rally and …read more […]

(Bloomberg) — A two-track world is starting to establish itself in emerging markets.Not only are the stocks, bonds and currencies of the developing economies reacting to the Covid-19 pandemic in very different ways, but the fallout is quickly creating two distinct camps of winners and losers. Hence, the extra premium investors demand to hold riskier emerging-market debt has ballooned, with the the spread between high-yield bonds and their investment-grade counterparts now close to its widest since 2002, according to JPMorgan Chase & Co.’s indexes. Qatar, Abu Dhabi and Saudi Arabia — which have single-A or double-A ratings — accounted for …read more […]

Lenders are tightening their standards, but homeowners are still getting deals. …read more […]

Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world’s cheapest fuel. Thanks to subsidies under socialist former President Hugo Chavez and his succesor and protege, Nicolas Maduro, gasoline sold by state oil company PDVSA – which has a legal monopoly on fuel sales – is essentially free in Venezuela. Octavio Salom, 53, said he and fellow kidney patients in the eastern city of Puerto Ordaz bought 20 liters of …read more […]

The coronavirus relief act gives workers of any age a way to dip into retirement savings for emergencies. And retirees can drag out their withdrawals. …read more […]

(Bloomberg) — Bond investors are starting to debate whether the U.S. is heading into a deflationary spiral, even after trillions of dollars of stimulus to offset the pandemic-driven hit to growth.This year’s collapse in oil prices and the drumbeat of staggeringly weak economic data are putting the question front and center as the Federal Reserve meets this week. The central bank is expected to sit tight for now and assess the programs it’s rolled out in the past month to calm markets, while reiterating a commitment to do more as needed.But with market-based gauges showing investors see inflation stuck at …read more […]

Boeing Co (BA) has pulled out of a $4.2 billion agreement to purchase Embraer SA’s (ERJ) commercial aviation business.The aerospace company announced on Saturday that it has terminated its Master Transaction Agreement (MTA) with Embraer, after the latter did not satisfy the necessary conditions. The two companies had planned to create a joint venture with Embraer’s commercial jets unit and a second joint venture to develop new markets for the C-390 Millennium medium airlift and air mobility aircraft.Under the terms of the agreement Boeing had an option to terminate the agreement until April 24.”Boeing has worked diligently over more than …read more […]

Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday. Mercedes-Benz delivered a total of approximately 477,400 passenger cars worldwide between January and March. The report did not say how many of those went to customers in China, who bought 694,200 Mercedes-Benz cars last year, 29% of total sales. …read more […]

Tesla (TSLA) CEO Elon Musk has revealed that Texas is a potential option for the company’s new Cybertruck factory- nicknamed ‘the Cybertruck Gigafactory’- following a grilling by the Twittersphere on Saturday.He also described the company’s California, Fremont factory as ‘at max capacity.’ The Fremont factory is currently in shutdown but should resume normal operations on May 4 following the expiration of the area’s stay-at-home directive.“Not saying new Giga will be in Texas, but Cybertruck will be produced there wherever it is, as Fremont is at max capacity” Musk told Twitter- a comment which earned him over 1,000 likes. He separately …read more […]

AT&T (T) announced on Friday that its chief executive officer Randell Stephenson will retire after a 13-year tenure and will be replaced by the telecom and media giant’s Chief Operating Officer John Stankey.Stankey who will take over as CEO on July 1, will join the company’s Board of Directors on June 1. He has been holding the COO post since October 2019. Stephenson will serve as Executive Chairman of the Board of Directors until January 2021 to support the leadership transition.AT&T had been searching for Stephenson’s successor since 2017 and most recently finalized a 5-month intensive search process to select …read more […]

Tesla (TSLA) is planning to ask some employees to return to work at its factory in Fremont, California from next week, according to a report by Bloomberg. This request comes before the end of San Francisco’s lockdown period, where stay-at home directives are still in place due to Covid-19.In fact, San Francisco Mayor London Breed revealed on April 24 that it ‘is very likely’ that the stay-at-home order could be extended past the current May 3 expiration date in the Bay area ‘by a few weeks or even a month.’According to the Bloomberg report, supervisors asked staff from the Fremont …read more […]

In just a few months, the coronavirus pandemic has destroyed so much fuel demand as billions of people curtail travel that it has done what financial crashes, recessions and wars had failed to ever do – leave the United States with so much oil there was nowhere to put it. While the unusual circumstance of negative oil prices may not be repeated, many in the industry say it is a harbinger for more bleak days ahead, and that years of overinvestment will not correct in a period of weeks or even months. …read more […]

(Bloomberg Opinion) — Crude oil’s collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. Prices below zero are the market’s way of telling producers to stop pumping, now.Dismissing the historic move in the May contract for West Texas Intermediate crude as “more of a financial thing than an oil situation,” as U.S. President Donald Trump did, misses the point. People left holding that contract when trading ceased on Tuesday would have had to take delivery of the oil at the Cushing storage hub in Oklahoma. But with the world …read more […]