Market News
L Brands tops lowered earnings expectations as it preps to take Victoria's Secret private
CNBC - 27 Feb 2020 00:21
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.
Goldman sees zero earnings growth for US companies this year because of coronavirus
CNBC - 27 Feb 2020 17:00
Goldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020.
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.
Selloff, Day Six: Market Struggles To Find Footing In Extended Slide
Forbes - 27 Feb 2020 23:58
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...
Banks Need To Set Priorities For LIBOR Transition
Forbes - 27 Feb 2020 20:45
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.
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.
Coronavirus Reaction: Historical Or Hysterical?
Forbes - 27 Feb 2020 20:40
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.
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.
Investors Drop Italian Bonds, Seeking Safety in German and French Debt
Wall Street Journal - 27 Feb 2020 19:49
Investors are pulling out of Italian sovereign debt and heading for the safety offered by less indebted economies amid coronavirus fears.
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.
China And COVID-19: A Lift For 5-G?
Forbes - 27 Feb 2020 19:38
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...
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.
Markets On Pace For Worst Week Since 2008 Crisis Due To Coronavirus Panic
Forbes - 27 Feb 2020 19:10
All three indexes entered corrections territory Thursday.
Stock Market: Coronavirus Sets Stage For 'Catch Up' Growth, So Buy
Forbes - 27 Feb 2020 18:41
Weakness now means catch up growth later
Markets Overreact To Apple's Revenue Warning
Forbes - 27 Feb 2020 18:33
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...
Why This Selloff Should Make Boomers Put All Investment Options On The Table
Forbes - 27 Feb 2020 18:00
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...
Another Brutal Day For Equity Markets; Gold Resumes Its Climb
Forbes - 27 Feb 2020 17:51
The brutality continues for the equity markets, and the U. S. futures are trading sharply lower once again today.
Goldman: 'No Earnings Growth' For U.S. Companies In 2020 Thanks To Coronavirus
Forbes - 27 Feb 2020 17:45
The investment banking giant warned of a slowdown in U.S. economic activity in the coming year.
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.
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.
Forget COVID-19. These 2 Problems Could Also Hammer Stock Markets In 2020
Forbes - 27 Feb 2020 16:59
The coronavirus outbreak might be dominating investor sentiment today. It's not the only issue, however, that could weigh on share bourses this year...
JC Penney expects sales declines to continue in 2020, more store closures ahead
CNBC - 27 Feb 2020 16:45
J.C. Penney's fourth-quarter earnings topped analysts' expectations, despite steep sales declines during the holiday season, the company said Thursday.