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Market News

Location American Market News for 27 February 2020
L Brands reported earnings and sales for the holiday quarter that topped analysts' expectations, as it prepares to take its Victoria's Secret lingerie business private.
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Goldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020.
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Industrial Commodities Extend Slide as Coronavirus Dents Demand

Wall Street Journal - 27 Feb 2020 17:00
Commodities from oil to copper kept dropping, continuing a recent slide with traders expecting the spreading coronavirus to cripple demand.
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Selloff, Day Six: Market Struggles To Find Footing In Extended Slide There isn't a lot of green on the board after today's 4% losses, but things are starting to look pretty oversold. So far, any rally attempts have been hammered down hard, but a more constructive situation might be gettin...
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Banks Need To Set Priorities For LIBOR Transition With regulators placing more pressure on financial institutions to step up their efforts to transition from LIBOR, there are several immediate actions that firms should take now given the tight transition timelines.
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U.S. Bank Stocks Hammered as Coronavirus Spreads

Wall Street Journal - 27 Feb 2020 20:45
Shares in global banks fell into correction territory this week, reflecting fears that financial institutions could take a hit if coronavirus continues to spread.
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Coronavirus Reaction: Historical Or Hysterical? Originally thought an airborne virus which can be contained by masks, corona is now believed to be a fecal-oral virus where masks are ineffective.
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Bets on Interest Rate Cuts Escalate

Wall Street Journal - 27 Feb 2020 20:25
Investors have dramatically reassessed the chances that the Federal Reserve will lower interest rates as soon as next month, betting the coronavirus will force the central bank's hand.
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Investors are pulling out of Italian sovereign debt and heading for the safety offered by less indebted economies amid coronavirus fears.
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Actor Steven Seagal Settles SEC Cryptocurrency Charges

Wall Street Journal - 27 Feb 2020 19:48
Steven Seagal has settled charges brought by U.S. securities regulators that allege he didn't disclose payments he received for promoting an investment in an initial coin offering for the cryptocurrency Bitcoiin2Gen.
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China And COVID-19: A Lift For 5-G?

Forbes - 27 Feb 2020 19:38
China And COVID-19: A Lift For 5-G? Events of recent days make it clear the coronavirus isn't finished inflicting pain and suffering, particularly on its country of origin China. And the mounting global economic cost is only beginning to be felt as well. O...
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Steven Seagal Isn't Above the Securities Law

Wall Street Journal - 27 Feb 2020 19:24
The martial-arts action hero ran afoul of U.S. securities regulators for touting a cryptocurrency, Bitcoiin2Gen.
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Markets On Pace For Worst Week Since 2008 Crisis Due To Coronavirus Panic All three indexes entered corrections territory Thursday.
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Stock Market: Coronavirus Sets Stage For 'Catch Up' Growth, So Buy Weakness now means catch up growth later
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Markets Overreact To Apple's Revenue Warning Market sentiment has tumbled once again due to a fresh revenue warning from Apple. The Californian based company announced that it might not be able to meet its quarterly revenue forecast due to the iPhone supply shortag...
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Why This Selloff Should Make Boomers Put All Investment Options On The Table The stock market's recent dive should have caught every investor's attention. However, for Baby Boomers and current retirees, it is way beyond a casual glance at a TV screen in a restaurant at lunch, to see how the marke...
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Another Brutal Day For Equity Markets; Gold Resumes Its Climb The brutality continues for the equity markets, and the U. S. futures are trading sharply lower once again today.
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Goldman: 'No Earnings Growth' For U.S. Companies In 2020 Thanks To Coronavirus The investment banking giant warned of a slowdown in U.S. economic activity in the coming year.
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Standard Chartered Is a Better Way to Bank on Asian Growth

Wall Street Journal - 27 Feb 2020 17:24
HSBC's cross-town rival offers long-suffering European bank investors exposure to China's rise without the leadership dither.
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Among the Best Performers in the Market's Rout: Chinese Stocks

Wall Street Journal - 27 Feb 2020 17:10
Growing fears about the coronavirus epidemic have sent stocks around the world diving in February. But some regions have held up better than others.
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Forget COVID-19. These 2 Problems Could Also Hammer Stock Markets In 2020 The coronavirus outbreak might be dominating investor sentiment today. It's not the only issue, however, that could weigh on share bourses this year...
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J.C. Penney's fourth-quarter earnings topped analysts' expectations, despite steep sales declines during the holiday season, the company said Thursday.
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