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Market News

Location American Market News for 7 February 2020
Stakes For Bitcoin Are Highest Since The 2017 Bubble Bitcoin's chart is at a crucial area. Stuck between lower highs since 2017 but higher lowers in its long-term trend, and the heralded "havening" around the corner, bitcoin speculators expect King Crypto to be on the verg...
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Impossible Dream? Uber Aims At Profitability In 2020 Uber's costs are rising much faster than its decelerating revenues. Can it really become profitable in 2020?
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Will Crude Oil Ever Bottom?

Forbes - 7 Feb 2020 17:07
Will Crude Oil Ever Bottom? The decline of crude oil and energy stocks in 2020 has gotten quite a bit of attention as the bearish sentiment is quite high. Technical analyst Tom Aspray takes a look to see if there are any signs that crude oil is rea...
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Pro Tip: Transition To These "Late cycle" is a popular guess. But how late?
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Obama's Last Three Years Of Job Growth All Beat Trump's Best Year President Trump continues to gaslight that this is the "Best economy ever". When you compare the three years he has been in office to Obama's last three, Trump's yearly job growth didn't exceed any of Obama's. Over that ...
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Bank of America Keeps CEO's Pay at $26.5 Million

Wall Street Journal - 7 Feb 2020 22:36
Bank of America greenlighted a $26.5 million pay package for its top executive in 2019 after the bank's shares marked their best run in years.
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Justice Department Presses Ahead With 'Spoofing' Prosecutions

Wall Street Journal - 7 Feb 2020 20:55
A yearslong crackdown on cheating in futures markets is yielding new wins for the government, but several trials to come will show whether the Justice Department's focus on a tactic known as "spoofing" is ultimately succ...
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The technology giant will raise far less than anticipated for its next fund after investors, disillusioned by bad bets like WeWork and by the chaotic and unorthodox way the fund operates, have refused to put up new cash,...
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'Panic Shopping' In Hong Kong, While Mainland China Depends On E-Commerce Meanwhile, JD.com says mainlanders are buying everything from baking flour to rice online in record numbers due to coronavirus lockdowns.
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'Bachelor' Fans Look to Venmo for Proof of Love

Wall Street Journal - 7 Feb 2020 19:30
Mobile apps are already playing spoiler to traditional payment methods. They may be doing it to reality-television shows, too.
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Oil Prices Swing as Investors Weigh Coronavirus Fallout

Wall Street Journal - 7 Feb 2020 18:53
Crude futures seesawed this week as investors tried to gauge the fallout from the coronavirus that has sickened thousands in China and tamped down demand in the world's largest importer of oil.
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A Hot, but Not Overheated, Jobs Report

Wall Street Journal - 7 Feb 2020 18:47
Growth in the labor force and in payrolls sent the economy an all-clear from the jobs report.
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Goldman Private-Equity Push Takes a Hit

Wall Street Journal - 7 Feb 2020 18:35
A leader of Goldman Sachs Group's flagship private-investing business has quit, the latest senior departure at the Wall Street firm and one that could undermine a big fundraising push.
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Bond Funds Are Hotter Than Tesla

Wall Street Journal - 7 Feb 2020 18:00
Investors are diving into the bond market like never before. It's a sign of prudence, not folly, says Jason Zweig.
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U.S. government bond prices rose, as poor European economic data and continued coronavirus fears outweighed a solid U.S. jobs report.
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Wuhan Doctor's Death A Massive Headwind For China Coronavirus Sentiment Will Dr. Li's death anger people in China over a government too quick to censor, and punish? Meanwhile, nearly half economy on hold.
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Tidjane Thiam's Ouster Raises More Questions at Credit Suisse

Wall Street Journal - 7 Feb 2020 17:00
Tidjane Thiam's ouster from the helm of Credit Suisse solves one problem for the board but creates others.
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Fast Food Giants Need To Tackle Climate And Water Risks, Investors Warn Fast food companies face a number of threats from climate change, but are not doing enough to tackle them, investors say.
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Overall Fed Temporary Liquidity Ebbs

Wall Street Journal - 7 Feb 2020 16:51
The overall amount of temporary liquidity provided to financial markets by the Federal Reserve Bank of New York continued to decline on Friday.
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Fed Officials Likely to Take Comfort From Jobs Report

Wall Street Journal - 7 Feb 2020 16:37
The solid January employment report offers another source of comfort for Federal Reserve officials, who shifted to a make-no-moves posture in October after cutting interest rates.
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A New Way for Stock Traders to Rebalance: Meditation

Wall Street Journal - 7 Feb 2020 16:29
Some studies indicate that mindfulness leads to better investment performance.
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Jobs Bonanza Follows Strong Earnings From Uber, But Coronavirus Puts Damper On Market The 3.1% January wage growth is something you like to see, because it could mean consumers continue to feel optimistic about the economy. Strength in construction jobs might have reflected warm weather, but the manufactu...
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