Business News
Take Five: Trade War II
China’s exports rebound has been quickly overshadowed by dire predictions of Trade War II between the world’s two biggest economies.
Month: May 2020
Trading Ideas
Column: The cruise ship industry is sinking. I'm OK with that
Norwegian Cruise Line says it’s in danger of going out of business. Maybe that’s not the worst thing for an industry of floating petri dishes. …read more […]
Business News
Turkey charges seven people over Ghosn escape: lawyer
Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the suspects said on Friday.
Business News
Stocks boosted to weekly highs as risk appetite improves; U.S. jobs data looms
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies.
Business News
Tesla aims to restart Fremont plant as soon as Friday: Bloomberg News
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported on Friday, citing an email from the company to its staff.
Business News
U.S. Post Office board meets as COVID takes its toll and funding dries up
The U.S. Postal Service’s Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges package shippers such as Amazon.com too little and as the new coronavirus cuts its revenue by about $13 billion.
Trading Ideas
Tesla aims to restart Fremont plant as soon as Friday – Bloomberg News
The move comes a day after California allowed manufacturers in the state to reopen operations, shut due to coronavirus-led lockdowns, which drew an enthusiastic “Yeah!!” on Twitter from Tesla Chief Executive Officer Elon Musk. Musk said Tesla aims to restart its Fremont factory on Friday afternoon, according to the Bloomberg report https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e. …read more […]
Trading Ideas
Stock market news live updates: Stock futures rise as jobs report looms
Stock futures rose Friday morning, holding onto gains after a regular-session rally Thursday sent the Nasdaq back into positive territory for the year to date. …read more […]
Business News
Futures climb as Sino-U.S. tensions ease
U.S. stock index futures rose on Friday as signs of improving relations between the United States and China boosted sentiment ahead of a key jobs report that is likely to show a historic surge in unemployment due to coronavirus-induced lockdowns.
Business News
Siemens surges as cuts costs and presses on with energy IPO
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
Trading Ideas
How to Set Up a Realistic Monthly Budget
Editor’s Note: Millions of folks have had their lives disrupted by the coronavirus crisis. And anytime your financial situation changes – whether due to this crisis or when you retire, for example – it’s crucial to reexamine your priorities when it comes to your money and spending. Below, Mark has a few simple steps to help anyone stay on target with their wealth-building goals.
Most people don’t manage their income. They bank it and spend it. This is obviously crazy.
Some people do try to manage their income by budgeting. This typically means that you look at what your income is likely …read more […]
Trading Ideas
Cash Havens With $4.8 Trillion Fret Unthinkable Negative Returns
(Bloomberg) — Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash.Assets in money-market funds have soared to a record $4.77 trillion amid a flight to safety by investors this year. More than three-quarters of that is parked in Treasury-only and other government funds perceived to be the least risky, Investment Company Institute data show, in part because of regulatory reforms in 2016 that triggered an exodus from prime funds.Giants of the industry like Vanguard Group …read more […]
Trading Ideas
A jobs report that will live in infamy: Morning Brief
Top news and what to watch in the markets on Friday, May 8, 2020. …read more […]
Business News
Germany’s BaFin investigating Wirecard communication ahead of audit publication
Germany’s financial market watchdog BaFin is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for the regulator said on Friday.
Trading Ideas
Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFA
The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”. Tchnology stocks saw the first week of outflows so far this year, with investors redeeming $43 million worth, BofA said its weekly research note. Investors added $11.3 billion into bonds and $53.5 billion into cash in the past week, BofA said, with an internal indicator of sentiment at “extreme bearish”. …read more […]